Excerpt from A History of Modern Banks of IssueOwing to the importance of the events of the past dozen years, and the increased space given to the banking systems of Mexico and the Orient, it has seemed advisable to confine the scope of this work to narration. To this end there have been eliminated the three chapters on banking theory which appeared in the earlier editions: The Theory of a Banking Currency, Crises and Their Causes, and The Advan tages of a Banking Currency. A more nearly complete and satisfactory presentation of the author's views on mone tary and banking theory will be found in the separate work in two volumes on T he Principles qf Money and Banking, published in 1905, and issued on the continent of Europe in the French translation of Dr. Raphaél georges-levy.In sending forth this work again to the public in a con dition abreast with recent monetary history, the author can only renew the hope that it will contribute in some degree to the difi'usion of those sound views of banking whose adoption into law is essential to the economic progress of our country.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.