The Problem of an International Language

language) could be introduced as a medium of exchange without interfering with the existing coinages of the various nations. Réné de Saussure (writing in the Journal de Genève, in 1907) has insisted on the immense benefit such a system of "monnaie de compte" would be in removing the burden imposed upon all international financial relations by the diversity of money values. He argues that the best point of union would be a gold piece of eight grammes—almost exactly equivalent to one pound, twenty marks, five dollars, and twenty-five francs—being, in fact, but one-third of a penny different from the value of a pound sterling. For the subdivisions the point of union must be decimally divided, and M. de Saussure would give the name of speso to a ten-thousandth part of the gold coin.