The sun., 1919-01-20
UNIFYING WORLDS
MONETARY SYSTEM
Difficulties in Altering Inter-
national Exchange in Rela-
tion to South America.
SIMPLIFICATION NEEDED
Present Routine Described and
Benefits of Improvements
Are Outlined.

International exchange as related to
South America provides. in an article
Just prepared for the January Americas
on 1.-THE Hope of Amalgamatng the
Worlds Monetary Systems according.
TO experts, an illustration of the dill
culties TO be encountered in making any
alteration in international monetary ar
rangemcnts. The assertion Is made that
every departure from the old established
ways Of settlement in the trade between
nations, which must be effected either
by an equal exchange of goods or ser
vices, or by the prompt payment OF
differences in some acceptable kind of
money, neccssitates some formal eX-
tension OF long term, large scale credit
by the Government or responsible bust
ness institutions Of one country to an
other. unless nations assume RESPONSE
bllitles for each other that may involve
far reaching consequences of economic
and political character; moreover. every
departure from the primary system OF
commercial exchange of goods or money
has always invited economic disturbances
.. A.. -, 60. -. 1890.
." 'io with '"'ous" a'inos' iiie''aoie
abuse of international credit.
1T is not hard to understand" says
the writer in the Americas, what inter-
national exchange is in a simple and
-, Go, ~ " "' 800
1t, 80. Isl Wiz ore
ssl,.h p''so eoouS' ."'C.."e' :
,.I,S.i, ~ ~ i.'e' !"
..i' INC, o. Coy, 800 -i
s''.'o .Npo. 20 ShIpP"'s SIAM "ool
I'.Ieo' queo' aIilo rosS VI eAtl"ct anu
porters in the United states.
Description of Routing Followed,
..,-.
.,.ry one oi lneSe IS,ols interna-
$50. "a, WIN paCN vi 'oau ms snip
$3.50. - ~ ,,'e ~, SO Va .o'hpte'e ue-
80, IN, " ousei we iolio"lHs
-, va M INC eApo'tei
NuI hiaNe GUY iorHal consular IN
80 a. "",V' ne wiz uescr'oe ms snip
$50 - ~, & Nels ,aietu'S III d
va! iui'eu oE Id" anu. TAXING inns
~. % Sui ot ,l'e county 10 Which
,l. Sh.phie'' Is so'tls. VIII usuaily make
I 80 " 10 W.T. ect,Iess, obtaining the
Nohsul stamp OIL oliIciai recognition on
'"e .n.oice'
'uI'tiohai Emergency <opies or all
su." noc are prepared. In dupr-
ca,e vi uipHcate' TOT safety sake. lie
WIZ take out marine insurance. Other
Suilchts such as certlncates or
o.lslr' OF neal'h' &c, may be ootainei.
.poL ueI'NerE OIL the Shipment TO
steamship company lot transportation,
,E Important document me Dill OF
4au"'s' Is opIa'heu. he VIII then pre-
pare "rdlt upon MS customer direct
IIs nm u pa! uhe money involved IN
t'Ie u 'nHdcl!on, accoruinS 10 terms
As'eeu upoh' 10 hi'hse!l or 10 some pani
d. nome OF ABROAD
J,,,,r,. -
This draft or bill OF exchange with
tho consular invoice. the insurance con-
tract and the bill of lading attached,
% international commercial banking. II
~, U'"ei I'on. Iesi.olis'o!e business
,'oro,. ,,.-;,Ie Don. ,t tTI pay 'lieht Oh
g., aro., ,,,,,,.I, "usIi.es .iiil'
.o,, - ~, ~ I1,., ,a"9 op.'sa.eI hI'''
~ 80, 70 90 w. Ne. W me Soous' am
49, w. Is az, ipailIeu u! uueuNie"'s
.;,,, 49, sua' 49, the Iush-
49, .i., a''u 80 ne hoi,'c'
no eo'u' ~'teh my
- % go 90 IN VI ~ 'ne inoIieS
49,. ...ei Dey Gre iost az seq
go i' VIC ouo''''9' '4eii a.