This book presents a series of proposals for banking reform in the United States, including the establishment of a central bank with limited power. Sprague, a leading economist of his time, argues for the necessity of such reforms in order to stabilize the banking system and prevent periodic financial crises. This book is essential reading for anyone interested in the history of banking in the United States and the ongoing debate over banking regulation and reform. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.