Music: Warburg Tomes

"To the guardians of the Federal Reserve System past, present, and future" are dedicated the two volumes (1,752 pages in toto) titled The Federal Reserve System, written by Banker Paul Moritz Warburg, appearing last fortnight (Macmillan, $12). Banker Warburg, therefore, partly dedicates his work to himself, for the Federal Reserve System had had no more vigorous founder or critical guardian than himself. By no means light is the reading of the Warburg tomes. But since they are authoritative, to students and experts they should be indispensable, to the laity they are often interesting....

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