This book is a record of the hearings before the Committee on Banking and Currency of the United States Senate, held in 1914 to investigate the ongoing crisis in the American banking and currency system. Featuring testimony from leading financial experts, bankers, and government officials, these hearings provide a detailed and candid assessment of the causes and consequences of the crisis, as well as the policy options available to address it. The insights gained from these hearings laid the groundwork for the major banking and financial reforms of the 20th century. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.