National Affairs: Turn of the Flood

(See front cover)

More than two years ago a thin, fine rain of inflation sentiment began to fall on the Slough of Depression. Nine months ago men realized there was a rising flood. By October when the last of the old gold standard was submerged many a man saw in his mind's eye the members of Congress assembling in an inundated Capitol wading through the green waters of the flood, legislating in a sea of deep greenbackery. Last week the prophets of catastrophe saw that they were at least in part mistaken. The...

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