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 —Bad Spirit at Home and Abroad—Bad Leadership—The Workers' Ambitions—And Natural Mistakes—Expenses of Readjustment—Monetary Effects of Public and Private Profligacy—The Gold Standard Abandoned—Was this Necessary?—Gold could not have gone Quickly—The Federal Reserve Board's Nerves—The Floating Debt—The Funding Loan Failure—Reaction Against Extravagance—Bank Rate Raised—A Treasury Minute.