Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1899-10-26
COIN FOR UNIVERSE.
REMAND FOR MONEY THAT WILL
as THE SAME EVERYWHERE.
r.,t Of q Cosmopolitan Coin 10 NOT
N.v-How IL Would Prove zoo"
81 rravei.rs aud Traders In All
Countries.

For many years commercial inen
all nationalities have spoken anu VIZ
Ton on the subject Of the introuuc.'o" "a
n system of coinage which should nave
a universal standard. The proposlt'o"
bas failed to meet with success Oh ac'
count OF the difficulty in persdau hs Tue
paon,e of different countries to aDanuou
their own systems OF coinage wn'."
appear to them part and parcel OF tnell,'
selves as much as their language "se''
..The time seems approaching, sa'd
6nanci,r when it VII be poss Die an"
perhaps advisable for the great ha''ons
Of the earth to meet in convention anu
adont a coin which shall be cosmopol'
itan. the weight and tineness OF "hic"
might be determined ~ the convention
and the minting of which might De III.
trusted to body of experts made up OK
representatives from all the nat'ons
who care to enter into the project. II
NAV be some time before this comes
about, yet it would greatly facilita'e
international business especially since
large international transactions nave
come to be quite common. Such CON
would probably never supp'ant the CON
local to the various countries IN whlch
also the cosmopolitan coin became cur
rent, vet with education taking such
strides as it seems to be doing every
where it ought not to be difficult to IN
struct the children in schools IN the
table of the proposed coin and give
them practical illustrations in Its use.
Such a coin would not be welcomed en-
thusiastiC ally by small trade. in Her
ent countries who are wont to profit by
the unfamilarity of travellers with the
coin Of the realm and their natural be-
wilderment In attempting to fix In their
minds the comparative value of articles
considered in relation to the money
they have always handled, but 1t would
be a boon to the great travelling worlds
public, TO our globe-trottirg commercial
travellers, to opulent tourists and to In
d,gent emigrants. The current Is sure
" in the direction Of universal har-
monzing of commercial interests and
the elimination Of all the little lucky
cards and a relegation OF all things anu
people in trade to a sound basis OF H.
trinsic merit"
The subject of cosmopolitan coin Is
not a new one" said member Of a
banking firm. "In some of the aspects
of the case 1t appears to be very desir-
able. 1t has been suggested that the
various commercial nations agree upon
a gold coin, of form weight and fine
ness. to be given name which would
be understood in most Of the countries
agreeing to its coinage. Each country
is to coin its own pieces and to be re-
sponsible for their accuracy. The coin
Is to have on one side the stamp or
legend Of the country coming It and on
the other Its universal name. 1t will
readily be seen that with such a coin
in universal use. both in practice and
accounts. commercial transactions
would no doubt be greatly facilitated.
do not look. however, for its early ac-
complishment. Its desirability Is not
sufficient to overcome the long estab-
lished customs Of the various countries
50 as to lead them to relnquish the
names and styles Of their various coins.
Conservative England. for instance.
with it's cumb Gus system, Is not likely
to relnquish its pounds, shillings and
pence and adopt the decimal system Of
France, Germany. Italy and the United
States. And it Is not likely that the lat.
ter would give up heir quick and handy
decimal system for that of England.
On the whole, the idea is very good
one, but, like many other good things
like the propos d metrical system. for
nstance-impossib.e of accomplish.
ment for various reasons Mt present."