[110] George Clare, The A B C of the Foreign Exchanges, pp. 11-15. Macmillan and Company. London. 1911.

[111] [English bills drawn on our banks have increased in volume since 1914, through the operation of the Federal Reserve Act and the amended New York State Bank Law which make provision for the acceptance of time drafts by National and New York State banks, respectively.]

[112] John E. Rovensky, How the War Affects Practical Operations in International Exchange, Journal of the American Bankers Association, Vol. 7, No. 12, June, 1915, pp. 1008, 1009.

[113] Joseph T. Cosby, The Economies and Advantages of "Dollar Credits." The National City Bank. New York. 1915.

[114] Harry G. Brown, International Trade and Exchange, pp. 65-66. The Macmillan Company. New York. 1914.

[115] Anthony W. Margraff, International Exchange, pp. 104-105. Fergus Printing Company. Chicago. 1903.

[116] Adapted from Franklin Escher, Elements of Foreign Exchange, pp. 68-101. Bankers Publishing Company. 1910.

[117] Albert Strauss, Gold Movements and the Foreign Exchanges, The Currency Problem and the Present Financial Situation. A Series of Addresses Delivered at Columbia University, 1907-1908, pp. 65-72. The Columbia University Press. 1908.

[118] Hartley Withers, Money Changing, pp. 159-164. E. P. Dutton and Company. New York. 1914.

[119] Address by H. K. Brooks. Lectures on Commerce, Edited by Henry Rand Hatfield, University of Chicago Publications of the College of Commerce and Administration, Vol. I., pp. 283-4. The University of Chicago Press. Chicago. 1904.