America's Money Machine

Notes
Chapter 19.
1. Federal Reserve Act. (Boston News Bureau Co., 1914).
2. Board of Governors of the Federal Reserve System, Report of the Committee on
Member Bank Reserves of the Federal Reserve System (Washington, 1931).
3. Section 14, Federal Reserve Act.
4. Board ofGovernors ofthe Federal Reserve System, Banking and Monetary Statistics
(Washington, 1943), pp. 35, 36. The foregoing and subsequent discussion (chapter 20) is
largely the same as that presented in the author's Money and Man (Norman: University of
Oklahoma Press, 4th ed., 1976).
Chapter 20.
1. President's Research Committee on SocialTrends, Recent Social Trends in the United
States (New York: Whittlesey House, McGraw-Hill Book Company, 1934) I, 256.
2. New York American, November 9-15, 1931.
3. Letter from Moody's Investors' Service. The figures are found in Moodys Manual
ofInvestments, Government and Municipal (New York) for the years in question.
4. Franklin W. Ryan, "Family Finance in the United States," Journal ofBusiness ofthe
University of Chicago, III, 4 (October, 1930).
Chapter 2I.
1. New York Times, August 21, 1927.
2. September 19, 1927.
3. New York Times, September 6, 1927.
Chapter 22.
1. Lucien Levy-Bruhl. Primitives and the Supernatural, translated by Lilian A. Clare
(New York: E. P. Dutton & Co., Inc., 1935).
2. Genesis, xxxiv.
3. Jeremiah, xxxi, 29, 30; also in variant form in Ezekiel, xviii, 2-4. "What mean ye,
that ye use this proverb concerning the land of Israel, saying, The fathers have eaten sour
grapes, and the children's teeth are set on edge? As f five, saith the Lord God, ye shall not
have occasion any more to use this proverb in Israel. Behold, all souls are mine; as the soul
of the father, so also the soul of the son is mine; the soul that sinneth, it shall die."
4. Luke xii, 6, 7, also Matthew, x, 29-3 1 .
5. "Wherefore thou art no more a servant,· but a son; and if a son, then an heir of
God through Christ" (Galatians, iv, 7).
6. John, x, 10.
7. Romans, viii, 2 1.
8. November 23, 1929.
9. I Samuel, viii, 5·
Chapter 2).
I. op. cit. p. 30.
2. The General Theory of Employment, Interest and Money (New York: Harcourt, Brace
and Company, 1936), p. 383.
3. The Economic Consequences ofMr. Churchill (London: L. & V. Woolf, 1925).
4. General Theory of Employment etc., p. 76.
5· Ibid. p. 137·
6. Ibid. p. 175.