REPORT DEAD LINKS --- we can't keep this site up-to-date without your help
This is page 6 / continue to page 7
LETTER OF TRANSMITTAL
HOUSE OF REPRESENTATIVES,
SUBCOMMITTEE ON DOMESTIC FINANCE
OF THE COMMITTEE ON BANKING AND CURRENCY
Washington, D.C., July 30, 1964
To Members of the Subcommittee on Domestic Finance:
Transmitted herewith for the use of the Subcommittee on Domestic Finance of the Banking and Currency Committee is a “Primer on Money,” which explains in simple, everyday language how our monetary system works and indicates where it needs reform. For a great many years I have been concerned with the need for more popular information on this very important subject, and, as time permitted over the years, this publication emerged from the notes which I have kept.
Involvement with the Federal efforts to get this country out of the depression in the thirties and with the tremendous war financing problems of the forties as well as my sponsorship of the Employment Act of 1946 has brought home to me the great importance of an adequate and widespread public understanding of money and banking.
While responsible for preparation of the primer, I am indebted to many colleagues throughout the years and to members of the Banking and Currency Committee staff for their valuable suggestions. At the same time, I wish to express my gratitude to a great scholar, Dr. Seymour Harris of Harvard University, whose encouraging sentiments appear immediately following.
It is a source of deep gratification to me that the majority members of the subcommittee voted unanimously to have this primer printed as a subcommittee print, the number representing a majority of the committee.
WRIGHT PATMAN, Chairman