An article by Mr. Duncan Campbell, of the firm of
Messrs. Home Bros., which appeared in the Daily Express of February 28th, makes some interesting and useful suggestions as to trading by barter and so getting rid of the breakdown of our standard of value. Mr. Campbell proposes the foundation of Clearing Houses in various foreign countries. We have always been of opinion that in the Clearing House lies the solution of our present trouble with international commerce. What we also want is a series of Companies of Merchant Venturers trading to Russia, China, Austria, or Germany, or wherever else trade is languishing. One Company should be a seller and another a buyer. Or half of a Company should sell and the other half buy. When they arrive at the Clearing Houses, which will be like the old factories at Canton and in Calcutta, &c., they will find foreign traders eagerly awaiting them to do barter.
Previous page
