The Independent . Louis XVI? Why? VI. International Trade and Finance—The Financial Prob-lem, Foreign Loans Commended. 1. Study the figures concerning loans, securities, trade balances,bank reserves, gold importations, etc. Explain, as far as youcan, the relation of these various items to foreign and domes-tie trade. 2. Note the causes of the breakdown of credit at the opening ofthe war. Will all this happen to the United States? 3. What is the purpose and the power of the Federal ReserveBoard in domestic finance, in international finance? 4. Why has the Federal Reserve Board modified its warn
The Independent . Louis XVI? Why? VI. International Trade and Finance—The Financial Prob-lem, Foreign Loans Commended. 1. Study the figures concerning loans, securities, trade balances,bank reserves, gold importations, etc. Explain, as far as youcan, the relation of these various items to foreign and domes-tie trade. 2. Note the causes of the breakdown of credit at the opening ofthe war. Will all this happen to the United States? 3. What is the purpose and the power of the Federal ReserveBoard in domestic finance, in international finance? 4. Why has the Federal Reserve Board modified its warning oflast November? What policy is it advocating now? VII. Child Labor—The Law and the Profits. 1. What are the arguments in favor of child labor? What arethe arguments against it? 2. What provisions have been made in your state for regulatingchild labor? What further regulation, if any, would yousuggest? 3. What action did the last Congress take on the question ofchild labor? April 7, 1917 THE INDEPENDENT 49. tffxtwH va/tr/y. THE Sixteen-Vajve Four is an important step forward inthe new trend of power plant development — utilizingthe full capability of each cylinder rather than mere multi-plication of cylinder units. Power and flexibility have beenobtained by the simplest means. In the new White motor, four cylinders accomplish theresult of two or three times this number. Performance iseven more satisfactory because of greater freedom fromcomplications and is indefinitely maintained at its best bythe simplicity and ruggedness of the four-cylinder type. THE WHITE COMPANY CLEVELAND 50 THE INDEPENDEN T April 7, 1917 CHANDLER SIX 5
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