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1 Theodore Marburg, The Panic and the Present Depression: Address Delivered before the American Academy of Political and Social Science, Philadelphia, April 10, 1908 1 (1908)

handle is hein.tera/pcptdnas0001 and id is 1 raw text is: 






            THE PANIC AND

THE PRESENT DEPRESSION


                ADDRESS DELIVERED BEFORE


THE AMERICAN ACADEMY OF POLITICAL
                         SCIENCE


AND SOCIAL


   Philadelphia, April 10, 1908



               BY
THEODORE MARBURG, M. A.


           (Reprinted from the Proceedings of the Academy)








  Two things conjointly cause gold to be drawn to a country; one is the providing
of a place for gold in the currency system of the country, the other is the interest
rate. .   .   .   There must be a need for gold (i. e., a gold standard and
an absence of other forms of money), accompanying the high interest rate, other-
wise gold will not come.- Page 15.

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