Author Description

Excerpt from Semi-Annual Report of Schimmel and Co. (Fritzsche Brothers): April-May, 1906 In spite of the critical situation in Japan, our commercial inter course with that country was more animated than ever. It may be assumed that the new commercial treaty between Japan and China will also increase the purchasing power of the former country. Of the South American states, Brazil still continues to suffer from the injurious effect of the uctuating value of the exchange. The efforts made by the Government to bring about stability in the rate of exchange, must be looked upon as having failed. It is evident that the present state of affairs is not calculated to promote commercial intercourse. The prospects in the Argentine Republic are favour able; with a large increase in the immigration, this country is opened up more and more for civilisation, and its internal wealth also finds expression in the low rate of interest. In Chile it has not yet been possible to carry out the intended introduction of the gold standard. The abundance of ready money, created by large issues of paper, has led to wild speculations, the rapid collapse of which has made numerous victims. Under these conditions a healthy increase in the exports to Chile is unfortunately out of the question. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.