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Bill, I copy below the entire paragraph from the original government document (Appendix 2, page 467). Something is definitely scrambled--looks as though some text got transposed from somewhere else to replace some that should have been in this passage. Perhaps the appropriate text has been put somewhere else. (?) Optical Recognition is both a marvel and a pain--I've had more headaches and tedious work over it. I use Readiris Pro 11 on the iMac. If one has a perfect original with more or less unformatted single pages it seems to work well--but if not !!@@@!! I will send to you the original PDF which I sent some time ago.

Hope this helps.

Wally

Those two statements are contemporaneous. During that period—of course

you will no doubt be shocked at the idea of quoting Austria as a desirable thing,

but I simply want to make one point out of this—during the period in which

this application of state credits in that case to a reduction of prices was in

operation, the first description of Austria applies, that every farm was putting

in new stuff, buying prize stock and so forth. What was happening was that

there were huge budget deficits, but that did not affect the fact that everybody

in the country was prosperous. Since that time Austria has returned to greater

financial soundness as measured by usual standards; there is a complete wave

of economic stress covering Austria at the present time, and everybody is

either down and out or just about getting down and out, but the budget is

approaching nearer to financial soundness, which I feel sure must be a great

consolation to the people who are down and out. Well, that is the principle

which in my opinion has to be included in any attempt to deal with this situation,

and that is—I do not mean the Austrian method—but the principle that

you have got to alter the relation between prices and purchasing power. Now,

I should like to outline just one sort of specimen method by which the thing

could be done, not in any sense submitting it as a finished scheme—

On 4-Aug-07, at 10:28 AM, william_b_ryan@yahoo.com wrote:

Attached is Douglas' testimony to Canada's national
legislature in 1923, created through optical character
recognition from the document that was sent to me by
Wally Klinck. It is a work in progress, inasmuch as
the recognition process displays many errors from the
original text, which must be manually corrected. I am
not entirely satisfied with the result so far--some
assistance in proofreading would be helpful. For
example, at the transition from page 70 to 71 is this
from Douglas:

"During that period-of course you will no doubt be
shocked at the idea of quoting Austria as a desirable
thing, but I simply want to make one point out of
this--during the period in which this application of
state credits in that case to a reduction of prices
was in operation, the first description of Austria
applies, that every former three tickets got
concentrated in place of one ticket. That is an exact
analogy of the position which occurs when you treat
money as a commodity."

I am particularly concerned here with the phrase,
"every former three tickets got concentrated in place
of one ticket."

This doesn't seem to make much sense. Something seems
to be left out. The word "former" had been rendered
"farmor" in the optically recognized text, which I
changed to "former." But I'm not sure that's what it
should be.

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