chapter iv, and chapter xi, Secs. 15, 16, 17. Compare the same writer's

summary statement of his theory in _Moody's Magazine_, February, 1909, pp. 110-114, and H. G. Brown's paper "Typical Commercial Crises _versus_ A Money Panic," _Yale Review_, August, 1910.

[244] Adapted from Wesley Clair Mitchell, _Business Cycles_, pp. 571-579. The University of California Press. 1913.

[245] The extract here reproduced is from the concluding chapter of the work indicated.--EDITOR.

[246] E. M. Patterson, _The Theories Advanced in Explanation of Economic Crises_. _Annals of American Academy of Political and Social Science_, Vol. 59, May, 1915, pp. 140, 141, 147.

[247] E. W. Kemmerer, _Seasonal Variations in the Relative Demand for Currency and Capital in the United States_, p. 232. Publications of the National Monetary Commission, Senate Document No. 588, 61st Congress, 2d Session.

[248] Walter Bagehot, _Lombard Street_, pp. 46-56. Charles Scribner's Sons. New York. 1892. (First Edition, 1873.)