|Subject:||Re: [socialcredit] Re: Questions regarding Douglas' testimony in Ottawa,1923|
|Date:||Friday, September 21, 2007 22:43:33 (-0400)|
|From:||Joe Thomson <thomsonhiyu @....ca>
|In reply to:||Message 5031 (written by william_b_ryan)|
(Bill Ryan wrote:-) One of the major refutations--I forget which one at
the moment--denies that McKenna said what Douglas said
that he said regarding the fact that loans create
deposits. The book should provide confirmation that
Even's quotation is accurate.
(Joe replies:-) Here's another link that seems to confirm Even's quotation.
It's a PDF copy of a letter and accompanying submission to the Task Force on
Canadian Banking sent in 1997 by a Mr. A. Crowell. Who's obviously got
some opinions on banking and monetary reform that are not "social credit",
but may still be of interest since he also quotes from, and draws on,
Reginald McKenna's book in trying to make his case. He states Dalhousie
University (in Nova Scotia) has a copy of the book.
As to the evidence Douglas gave before the New Zealand Parliamentary
Committee, there is a reference footnote to it in the recent John Hughes'
book, "Major Douglas: The Policy of a Philosophy". It states:- "Text of the
New Zealand Scheme and the resume of Minutes of Evidence by Douglas before
the Committee (reprinted from the Christchurch Press 24/4/34) in the "New
Age" 12/4/34 pp280-282."
So if that particular copy of the "New Age" is one that's available on-line
you might be able to source the text from there. It still exists somewhere,
obviously, or Hughes wouldn't have been able to examine it. It seems,
(from the account given in Hughes's book, page 107), his evidence was mostly
"grimly technical" and the New Zealand Committee 'denounced' Douglas's