2

2

No. 4.—THE PRESENT MONETARY SITUATION. By Dr. W. Lexis.

Translator's Preface, . .

The Present Monetary Situation,

India and the Silver Question,

International Bimetallism once more,

Nos. 5 AND 6.—THE STREET RAILWAY PROBLEM IN CLEVE-

LAND. By William Rowland Hopkins.

Introduction, ..

Historical Sketch,

The Attitude of the City towards its Street Railways,

Results Attained under the Franchise System, .

Value of Existing Franchises,

The Difficulties of Municipal Ownership,

The Franchise System and its Possibilities,

Appendices,

1

THE RELATION OF CHANGES IN THE VOLUME OF THE
CURRENCY TO PROSPERITY

FRANCIS A. WALKER, LL.D.

APRIL, 1896

PUBLISHED FOR THE

AMERICAN ECONOMIC ASSOCIATION

BY MACMILLAN & COMPANY

NEW YORK

LONDON SWAN SONNENSCHEIN & CO.

Copyright 1896 by
AMERICAN ECONOMIC ASSOCIATION

PRESS OF
ANDRUS & CHURCH,
ITHACA, N. Y.

THE THEORY OF ECONOMIC PROGRESS

JOHN B. CLARK, PH.D.

Professor of Political Economy in Columbia University.