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Public Volume 4; A Journal of Democracy

Public Volume 4; A Journal of Democracy


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About the Book

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. 1901 Excerpt: ... trade. Upon the return of J. Pierpont Morgan with the coterie of clergymen whom he is delightfully entertaining on a trip to the Episcopal congress at San Francisco, the party might advantageously devote some of the time of their journey upon Mr. Morgan's special train to a discussion of the threadbare topic, "Why don't the working classes go to church?" A blacklisted steel striker might with propriety be invited in to serve as devil's advocate. We are reliably informed that A. C. Braxton, of the Virginia constitutional convention, mentioned at page 371 as a Republican leader who opposed striking out guarantees of free speech from the new constitution, is not a Republican, but a Democrat. It was upon the faith of press dispatches that we made this error in describing Mr. Braxton's party affiliations. The Boston Beacon appears to be getting into a tangle with itself regarding the subject of favorable trade balances. It speaks, for instance, of "our apparent indebtedness repre sented by excess of exports." But our excess of exports is neither an apparent nor an actual indebtedness. It is either a credit or a drain--either an investment abroad or a permanent outgo. This remark of the Beacon, however, may be only a verbal confusion; but what are we to make of its concluding statement: The eminent Austrian economist, Prof. Suess, believes that the use of foreign capital is enabling us to develop our industries to the point where we threaten to destroy the industrial prosperity of Europe. That is, we can take foreign capital, pay a larger return upon it than foreign investors can obtain at home, and by our skill, energy and natural resources use it to such advantage that the products of our enterprise undersell similar foreign products in the...


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Product Details
  • ISBN-13: 9781231153536
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 928
  • Spine Width: 46 mm
  • Width: 189 mm
  • ISBN-10: 1231153539
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 1624 gr


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