...the people a spending power which has rendered the tariff marvellously productive, has done the rest. Under the system of congressional finance here described...without suffering from their consequences. CHAPTER XVIII THE RELATIONS OP THE TWO HOUSES THE creation by the Constitution of 1789 of two chambers in the...

...have been able so to defy the consequences of our violation of economic law, in these sentences : " Under the system of congressional finance here described,...errors, without suffering from their consequences." (Vol. i., p. 244.) Contrary to our antecedent expectation, we regard the three chapters of this work,—XXII....

...the. people a spending power which has rendered the tariff marvellously productive, has done the rest Under the system of congressional finance here described...that she is not sensible of the loss. She has the jglorious privilege of youth, the privilege of committing errors without suffering from their consequences....

...advantage which the republic has enjoyed in her vast undeveloped resources. As Mr. Bryce puts it, America ' has the glorious privilege of youth, the privilege...errors without suffering from their consequences.' Unfortunately Mr. Bryce and those who follow him seem to forget that youth is not perpetual and that...

...the people a spending power which has rendered the tariff marvellously productive, has done the rest. Under the system of congressional finance here described...errors without suffering from their consequences. cussed in one shape or another, and having finally gained acceptance apparently by sheer persistence...

...committees. The Senate committee on finance deals with revenue-raising bills; the committee on appropiations with supply bills. Both sets then come before the...from their consequences. CHAPTER XV THE RELATIONS OF THE Two HOUSES The creation by the Constitution of 1789 of two chambers in the United States, in...

...instance of numerous interested persons who have obtained the public ear and can influence Congress. Under the system of congressional finance here described...without suffering from their consequences. Chapter XI THE RELATIONS OF THE TWO HOUSES THE creation by the Constitution of 1789 of two chambers in the...

...on the minds of aspiring young men. The thoughtful words of Mr. James Bryce, that this country "... has the glorious privilege of youth, the privilege...committing errors without suffering from their consequences ", remind us that many of our faults are not visited upon us with the unerring justice they deserve,...

...is upon us. James Bryce humorously remarks in "The American Commonwealth" that the United States haa the glorious privilege of youth — "the privilege...errors without suffering from their consequences." But that day with respect to certain of our national treasures, is over. The newspaper future that...

...of the veto power against improper items in appropriation bills. Twenty years ago Mr. Bryce wrote: "Under the system of congressional finance here described...errors without suffering from their consequences." But the halcyon days of youth cannot last forever. ALLEN JOHNSON. Bowdoin College. THE FEDERAL CORPORATION...