The Radical Deficiency of the Existing Circulating Medium; And the Advantages of a Mutual Currency - Softcover
Inhaltsangabe
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1857 Excerpt: ... MUTUAL BANKING. In the titlepage of a book on " Money and Banking," published at Cincinnati, the name of William Beck appears, not as author, but as publisher; yet there is internal evidence in the book, sufficient to prove that Mr. Beck is the author. But who was or is Mr. Beck? What were his experience and history? Is he still living? No one Money and Banking, or their Nature and Effects considered; together with a Plan for the Universal Diffusion of their Legitimate Benefits without their Evils. By a Citizen of Ohio. Cincinnati: Published by William Beck, 1839. 16mo, pp. 212. appears to know. He seems to stand, like one of Ossian's heroes, surrounded with clouds, solitude, and mystery. In the pages of Proudhon, Socialism appears as an avenging fury, clothed in garments dipped in the sulphur of the bottomless pit, and armed for the punishment of imbeciles, liars, scoundrels, cowards, and tyrants: in those of Mr. Beck, she presents herself as a constructive and beneficent genius, the rays of her heavenly glory intercepted by a double veil of simplicity and modesty. Mr. Beck's style has none of the infernal fire and profanity which cause the reader of the " Contradictions Economiques " to shudder: you seek in vain in his sentences for the vigor and intense self-consciousness of Proudhon; yet the thoughts of Proudhon are there. One would suppose, from the naturalness of his manner, that he was altogether ignorant of the novelty and true magnitude of his ideas. Mr. Beck's Bank. In Mr. Beck's plan for a Mutual Bank,--which consists in a simple generalization of the system of credit in account that is well described in the following extract from J. Stuart Mill's " Political Economy,"--there is one fault only; but that fault is fatal: it is that the people can ...
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