The World's Bank Note Systems

One of the most usef ui ref erence pamjhlets issued by the sound currency comnittee during the present year is ' 'The World's Bank Note Systems," by L. Carroll Eoot. It contains concise and accurate descriptions of the systems of ank currency now in use by more than 30 different countries. The necessityfor some reform of our own bank currency, constantly becoming more evident, makes such a compendium of foreign experience peculiarly acceptable and tiruely to all who are looking ahead for jetter financial conditions. l The outlines of our own national banking system, the history of and principies underlying the English "bank act," the successes of the Scotch and trish systems, the details of the Frenoh system with its single bank of issue acting through the medium of nearly 150 branches and agencies, the Germán system, with its novel method of insuring elasticity in the currency, and one after another of the other bank currency systems of the world are each taken up and fully explained.