A Treatise on Money and Essays on Present Monetary Problems.
By J. Shield Nicholson, M.A. (Blackwood and Sons.)—The first third of this volume is occupied by a treatise on "Money," originally published for the Annual of the Wholesale Co-operative Society, and subsequently revised and added to. This is followed by eight essays on various kindred subjects. In the second, " One Pound Notes for England," Professor Nicholson proposes a scheme for the carrying out of an object which has never come within the range of practical financial politics. He mentions a curious fact, in refutation of the objection on the score of forgery, that " in Scot- land spurious sovereigns are more frequently met with than forged ▪ notes." Another essay deals with the advantages and prac- ticability of bi-metallism, and yet another defends the morality of bi-metallism. This latter is particularly interesting ; with a fine irony the writer congratulates his readers that the objection on the score of the inviolability of contract should -be urged " in this and other large inroads made by Government in the field of contract." A supplementary essay deals with the " Stability of the Mint Ratio between Gold and Silver under International Arbitration." This is the work of a thoroughly equipped expert, though we do not commit ourselves to all its theories.
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