Index to Periodicals enforce, her avowed principles, a strong navy is
as indispensable to her as to England. ' Banking and Currency.
"Financial Feuda
lism and a Central Bank." By Edmund D. Fisher. Forum, v. 45, p. 539 (May). An analysis of Mr. Aldrich's "Suggested Plan for Monetary Legislation." “The country has been long fearful of a cen tralized banking power. Such a power exists today, but in the inefficient archaic and feudal form. Why not then accept the principle of centralization as expressed by the central bank, but applied under a control based upon a fair representation of the commercial and financial interests of the entire country?" "The Aldrich Plan for Monetary Reform." By Maurice L. Muhleman, author of "Monetary and Banking Systems." The Trend, v. 1, p. 1 (Apr.). The writer, who is an acknowledged expert in the subject, expounds the Aldrich plan very clearl . "hen it shall have been revised to meet such criticisms as may prove well founded, the plan will unquestionably give the country a system under which its demands, by way of currency
311
Comparative Jurisprudence. "United States of America-State Legislation." By R. Newton Crane. Journal of Comparative Legislation, no. 24 n. s., p. 333 (Mar.). On the state legislation of 1909, Mr. Crane offers the prefatory comment: — "An effort is discernible to improve the character of the electorate, and to centralize the wer and authority of executive officers of al municipalities in order to lessen the oppor tunities for oirztates ' ft’ andadopted other forms of corruption. A number Corrupt Practices Acts, and two notable statutes were enacted providing for the government of cities by commissions, instead of by an elected mayor and legislative council. Laws were passed in certain of the states to elevate the judiciary,
and in other ways to prevent the delays of liti ation. The most popular topic of legislation, owever, was that which relates to the subject of temperance, and of what may properly be described as Eugenics, if this word may be considered to embrace tentative measures for the prevention of disease, not only by providing for inspection of food and sanitary appliances, but by the establishment of homes and hospitals for the isolation of tubercular patients and the
be as ade uately
organization of bureaus of research and the
rovided for as is done by the systems 0 other eading nations; a sound currency, adjustable in volume to eve legitimate need; a credit system under whic interest rates will be more nearly uniform, and lower, allowing for special circumstances; both the currency and the credit
administration of preventive measures in all cases of communicable disease."
and credit
facilities,
will
system will be under the influence of commercial
and not of speculative conditions. "No legitimate need for credit or cash will be unsatisfied, when the system, perfected and
adopted, is in practical operation. ' "Masters of Capital in America — Wall Street, The City Bank, the Federation of the Great Merchants." By John Moody and George Kibbe Turner.
McClnre's, v. 37, p. 73 (May).
This article contains a history and description of the powerful City Bank, "the great central temple of American money." Citizenship. “American! Citizenship, II." By Dudley O. McGovney. 11 Columbia Law Review 326 (Apr.).
This final installment deals with the status of unincorporated peo les and peoples incorporated with less than ful
privile
, considering the
rights of citizenship of t e American tribal Indian and of the native inhabitants of Porto Rico and the Philippines. Civil Service. "Federal Expenditures under Modern Conditions." By William S. Rossiter. Atlantic, v. 107, p. 625 (May).
"There should be in each department an im portant oflicial who can best be described as a Egrrnanent under-secretary. This man should selected with as much care as would be the manager of the United States Steel Company." Codification. See Uniformity of Law.
"Review of Legislation, 1909."
With intro
duction by Sir Courtenay llbert. 11 Journal of ComparativeLegislation, no. 24 n. s., p.308 (Mar.). Referring to Mr. R. Newton Crane's section on the United States, Sir Courtenay llbert observes that "The United States can no longer be described, if they ever were justly described, as the chosen home of rampant and unrestrained individualism." See Presumption of Death, Negotiable In struments. Conflict of Laws. "The Validity of Wills, Deeds and Contracts as Regards Form in the Conflict of Laws." By Ernest G. Lorenzen. 20 Yale Law Journal 427 (Apr.). “1. The rule of the En [lab and American courts that the Statute o Frauds ap lies to foreign contracts should be modified, use it is unjust and is not required by paramount considerations of policy. "2. The view sustained by the En lish and American cases that the law otherwise etermin ing the existence of a legal act should control also its formal requirements is correct upon principle. "3. Practical considerations, based upon the requirements of international intercourse, sug gest a modification of this rule to the end that compliance with the lex loci shall be regarded as sufficient. The reasons advanced for the non-application of the lex loci to acts affectm immovables are insufficient. For the sake .0 security in dealings relating to commercial aperbf compliance uiremcnts of orm the place of with issue the shoulrtilhe obllgaml’yt
