Page:Stabilizing the dollar, Fisher, 1920.djvu/331

. 3] In Article 10 of the International Trade Union Conference at Berne, February, 1919, it was resolved that:

The American Federation of Labor resolved:

Mr. Husted of New York introduced a bill in the House of Representatives on Oct. 6, 1919, to create a National Monetary Commission:

In short, a considerable sentiment for stabilizing the dollar already exists, and there is much more, latent or in solution, which is ready to be precipitated.

I place emphasis on the fact that so many able and practical men have already expressed emphatic approval of the plan because it will be through the leadership of such men that public sentiment for stabilizing the dollar will grow and the great and only obstacle of inertia be overcome.

Inertia is a dangerous state of mind when effective and far-reaching action is sorely needed, as at present.

If the question of stabilization is not faced and solved in an impartial and scientific spirit, we ought not to be surprised if it should become the bone of contention of special interests or if specious but unsound monetary schemes should again find a hearing.