Hi,
Wow that book was published around 1917? Geeze, that's amazing. Now let's see how far we have come in 100 years
Here's a circuit that
could work with low current in the load resistor. T1 can be a 'tapped' inductor if no isolation is needed. T2 also.
(Note that other resistor is usually called the 'burden' resistor for the current transformer)
It might be interesting also to note that 1917 was some 10 years before the first feedback amplifier was invented, as least from the references that i can find. Feedback amplifiers changed everything, and then op amps made that idea even easier to apply.