coins have any foot-hold, the Latin-American nations being well supplied by systems of their own, all related more or less closely to the coinage of Mexico or Portugal. Thus the plainly evolutionary task of pushing civilization into the uneducated parts of the world through commerce is as badly hampered by the different coins offered to the barbarian as are the efforts of the evangelists to introduce Christianity by the existence of the various denominations and creeds. The Church is beginning to appreciate the wastage in its efforts, and is trying to minimize it by combinations among the denominations having for their object to standardize Christianity, so to speak, by reducing tenet and dogma to the lowest possible terms. Commerce must do the same. The white man's coins must be standardized and simplified.... The international coin will come in a comparatively short time, just as will arrive the international postage stamp, which, by the way, is very badly needed. For the upper classes of all countries, the people who travel, and have to stand the nuisance and loss of changing their money at every frontier, the bankers and international merchants who have to cumber their accounts with the fluctuating item of exchange between commercial centres will insist upon it. All the European nations, with the exception of Russia and Turkey, are ready for the change, and when these reach the stage of real constitutionalism in their progress upward, they will be compelled to follow, being already deeply in debt to the French, English, and Germans. Japan may be counted upon to acquiesce instantly in any unit agreed upon by the rest of the civilized world."
This writer points out that the opening out of the uncivilized parts of the world to commerce will alone serve to make an international coinage absolutely indispensable.
Without, however, introducing a really new system, an auxiliary international money system (corresponding to an auxiliary international