to his fellow members of the Foreign Exchange Club of New York City, and to the many bankers whose suggestions have been invaluable. He is particularly obligated to his colleague Professor James D. Magee and to Mr. Marcus Nadler of the Division of Analysis and Research of the Federal Reserve Board, who aided in writing Chapter XIV. Acknowledgment is also due to Mr. N. R. Browne, Credit Manager, International Western Electric Company, to Mr. Karl Frederick of the New York Bar, to Mr. J. Stemple of the National Bank of Commerce, to Mr. S. Stern, Vice President and Director, Seaboard National Bank, to Mr. J. Swingle, of the Asia Banking Corporation, and to Mr. Benjamin B. Tregoe, Jr., of the Credit Men's Association. NEW YORK CITY, 1924 G. W. E. CHAP TER TABLE OF CONTENTS I. BALANCE OF INTERNATIONAL PAYMENTS III. CLASSES OF FOREIGN EXCHANGE PART II |