Chapter 13

More Books

"How do you manage," I asked, "when the books of any two nations do not balance? Supposing we import more from France than we export to her."

"At the end of each year," replied the doctor, "the books of every nation are examined. If France is found in our debt, probably we are in the debt of some nation which owes France, and so on with all the nations. The balances that remain after the accounts have been cleared by the international council should not be large under our system. Whatever they may be, the council requires them to be settled every few years, and may require their settlement at any time if they are getting too large; for it is not intended that any nation shall run largely in debt to another, lest feelings unfavorable to amity should be engendered. To guard further against this, the international council inspects the commodities interchanged by the nations, to see that they are of perfect quality."

"But what are the balances finally settled with, seeing that you have no money?"

"In national staples; a basis of agreement as to what staples shall be accepted, and in what proportions, for settlement of accounts, being a preliminary to trade relations."

"Emigration is another point I want to ask you about," said I. "With every nation organized as a close industrial partnership, monopolizing all means of production in the country, the emigrant, even if he were permitted to land, would starve. I suppose there is no emigration nowadays."

"On the contrary, there is constant emigration, by which I suppose you mean removal to foreign countries for permanent residence," replied Dr. Leete. "It is arranged on a simple international arrangement of indemnities. For example, if a man at twenty-one emigrates from England to America, England loses all the expense of his maintenance and education, and America gets a workman for nothing. America accordingly makes England an allowance. The same principle, varied to suit the case, applies generally. If the man is near the term of his labor when he emigrates, the country receiving him has the allowance. As to imbecile persons, it is deemed best that each nation should be responsible for its own, and the emigration of such must be under full guarantees of support by his own nation. Subject to these regulations, the right of any man to emigrate at any time is unrestricted."

"But how about mere pleasure trips; tours of observation? How can a stranger travel in a country whose people do not receive money, and are themselves supplied with the means of life on a basis not extended to him? His own credit card cannot, of course, be good in other lands. How does he pay his way?"

"An American credit card," replied Dr. Leete, "is just as good in Europe as American gold used to be, and on precisely the same condition, namely, that it be exchanged into the currency of the country you are traveling in. An American in Berlin takes his credit card to the local office of the international council, and receives in exchange for the whole or part of it a German credit card, the amount being charged against the United States in favor of Germany on the international account."