The balances that remain after the accounts have been cleared by the international council should not be large under our system.
Whatever they may be, the council requires them to be settled every few years, and may require their settlement at any time if they are getting too large; for it is not intended that any nation shall run largely in debt to another, lest feelings unfavorable to amity should be engendered.

To guard further against this, the international council inspects the commodities interchanged by the nations, to see that they are of perfect quality." "But what are the balances finally settled with, seeing that you have no money ?" "In national staples; a basis of agreement as to what staples shall be accepted, and in what proportions, for settlement of accounts, being a preliminary to trade relations." "Emigration is another point I want to ask you about," said I."With every nation organized as a close industrial partnership, monopolizing all means of production in the country, the emigrant, even if he were permitted to land, would starve.

I suppose there is no emigration nowadays." "On the contrary, there is constant emigration, by which I suppose you mean removal to foreign countries for permanent residence," replied Dr.
Leete.

"It is arranged on a simple international arrangement of indemnities.

For example, if a man at twenty-one emigrates from England to America, England loses all the expense of his maintenance and education, and America gets a workman for nothing.