Monetary reform

Abstract

A noteworthy feature at the present time, is the disposition to neglect minor reforms, and to seek for great and almost instantaneous results by wide and sweeping measures, which, unfortunately, rarely produce the effects their advocates expect, and moreover, bring to pass many other results which are neither expected or desired. It is at all events an arguable position, that more advantage would be gained by a continuous series of minor reforms, each producing definite, though by no means marvellous consequences; and to this somewhat despised class it may be said that the proposals suggested in the present paper belong.