24 SELLING LATIN AMERICA
the fact that these mines are still productive,
there were registered 456 claims in 1909 in the
Diamanta Districts, which produced $1,000,-
000 worth of gems. In 1911 there were regis
tered in the State of Minas Geraes 437 claims.
Travel along the coast and to the cities lo
cated on the railway lines is comparatively
convenient and comfortable although very ex
pensive. In the interior and from the beaten
paths it is difficult and filled with hardships.
Living is high—much more so than in the
larger cities of the States or Europe. Hotels
are far from the standard one is accustomed to
in towns of corresponding size, throughout
the world—a statement equally true of all
Latin America.
At first the monetary system of Brazil may
confuse one, its currency being on the gold
exchange basis. A milreis is the unit of value
and while it is subject to fluctuation, may for
all practical purposes be reckoned as worth
.33% cents, or three milreis as the equivalent
of a United States dollar. The symbol for
the unit is $ and the value of our dollar would