The Common Sense of Municipal Trading
Book Description
There is a childs schoolbook, which I have never seen, entitled Reading Without Tears, I am half tempted to borrow from its author to the extent of calling this book Municipal Trade Without Figures. At all events, there are no figures in this book; and the reader will soon learn from it that the figures with which he has been so grievously pelted from other quarters do not matter. The question whe...
MoreThere is a childs schoolbook, which I have never seen, entitled Reading Without Tears, I am half tempted to borrow from its author to the extent of calling this book Municipal Trade Without Figures. At all events, there are no figures in this book; and the reader will soon learn from it that the figures with which he has been so grievously pelted from other quarters do not matter. The question whether municipal trading is sound in principle cannot be settled by the figures of this or that adventure in it, anymore than the soundness of banking or insurance can be settled by the figures of this or that big dividend or disastrous liquidation. Besides, the balance sheet of a citys welfare cannot be stated in figures. Counters of a much more spiritual kind are needed, and some imagination and conscience to add them up, as well. I hope nobody will be deterred from reading this book by the notion that the subject is a dry one.
(Typographical errors above are due to OCR software and don't occur in the book.)
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