INTERNATIONAL FINANCE

AND ITS REORGANIZATION

OTHER BOOKS By ELISHA M. FRIEDMAN

Editor of

AMERICAN PROBLEMS

OF RECONSTRUCTION

A National Symposium on the Economic and Financial Aspects

With a Foreword by
FRANKLIN K. LANE

Late Secretary of the Interior

AMERICA AND THE NEW ERA Chapters in Social Reconstruction With a Foreword by

HERBERT HOOVER

Secretary of Commerce

Author of

LABOR AND RECONSTRUCTION

IN EUROPE

With an Introduction by
WILLIAM B. WILSON
Ex-Secretary of Labor

INTERNATIONAL COMMERCE
AND RECONSTRUCTION
With a Foreword by

JOSEPH FRENCH JOHNSON

Dean of New York University School of Commerce

E. P. DUTTON & COMPANY

BY

ichael

ELISHA M. FRIEDMAN

Lecturer on Finance, New York University, School of Commerce,
Accounts and Finance; Sometime Statistician, War
Finance Corporation; Author of "International
Commerce and Reconstruction," etc.

E. P. DUTTON & COMPANY

All Rights Reserved

JAN 30 1923

Printed in the United States of America

ΤΟ

A. BARTON HEPBURN

AND

PAUL M. WARBURG

BANKERS

WHO HAVE MAINTAINED

TRADITIONS OF SCHOLARSHIP AND PUBLIC SERVICE;

PIONEERS IN CURRENCY REFORM

AND

IN THE DEVELOPMENT OF THE BANKING SYSTEM

TO SERVE AMERICA

IN HER NEW INTERNATIONAL POSITION