Show I I Premiums on the Dollar I TO 0 MANY readers the drop in the exchange rates for financial issues of various European countries and which during th the e I past few days have reached new low figures means that the val value e of such issues has declined to a point considered by American financiers financiers finan finan- ciers tiers and exporters to be logical as compared with the supposed ability of the various governments to redeem such issues or in other w words the condition of their credit However to turn the expression around the fact that issues S of European countries have declined in value in American eyes means that the American dollar is at a premium across the At At- lantic Either expression tells the story but the simple statement that the dollar of our dads once so debased in the eyes of 7 v Europeans European that it almost was completely ignored now no is at ata a a premium to a greater or less extent in every country in Europe is sufficient sufficient to induce a feeling of quiet satisfaction among the people of this country This premium is less in England than in any other nation but even in that mother country of America it amounts approximately to 25 per cent while white the highest is in Germany and Austria where the immense issues issue's of paper money have weighed down the down the value of the mark and the crown to the vanishing point In the case of Germ y a few figures will show the deplorable condition of or orthe the nations nation's finances The combined imperial and state debts now amount to nearly marks and to tor r this might well be added among other items the sheaves of script issued by every city of the country While these issues of course do not figure in the government debt they are nevertheless a burden burden burden bur- bur den upon the people of each particular city Americans may rightfully be dissatisfied d with the prevailing high cost of living but at least they are not compelled to use a market basket in which to carry their money mOley when on shopping or marketing tours Jours I |