s?ANLB? ?E?oN$ importance of the study of this subject can hardly be overestimated. Finance enters into all the affairs of daily life, both in b?iness and the home. But it is an important subject, not only becanse its use is so widespread; issnes which bat even more because of the serious bad finance entails, whether it be to an Or? for rity, or to the Stgte itself. The individngl rosy rnin his prospects, gnd ghe hgppiness of himself gnd his fgmily for life;-the basiness firm or compgny mgy come to gn end, involving the pgrtners or shgreholders in the misfortnne; the local guthority mgy get into snch difficulties thgt it either fgils to redeem its debt, more probably, cegses argent pnblic needs; to m?ke ?deqn?te provision ?nd if the finance of the lo?d of t?x?tion for ntilities. In every State itself is bad, even a good policy is nullified, and the popnlation becomes gronnd down nnder a heavy e/hich it gets no retnrn in pablic case, almost withoat exception, the heavy losses of money mean real and direct losses of happiness--often a great measnre of their total happiness--to the perssns concerned. Much of this tremendons lass conld be saved by the wide diffusion of a proper nnderstanding of the fundamental principles of finance. These reqnire to be formalareal with a simple and direct clearness. Full acconnt shonld be taken of the broad nnderlyiug generalizations? and their applications to everyday financial transactions, which is indeed a simple matter, must be kept free from all the nsnal encumbrance of detail, and from connection with any particular customary method of book-keeping. Once this is done people will learn to guide their conduct by deductions from a few general principles; .and they ?ill no longer have to depend on what they happen t.o red. ember of the conventional rules of good finance, individnal, a basiness firm or comliany, a public antho-
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