184 SELLING LATIN AMERICA
United States $6,500,000
France 800,000
United Kingdom .. 630,000
Germany 530,000
Others 240,000
Her requirements are for flour, rice, foodstuffs,
candles, oil, cotton goods, shoes, hats,
and tools.
The country is retrograding and there is no
inducement to capital to revive its exhausted
financial condition.
The monetary system is in a hopeless tangle,
and is on an inconvertible paper basis, a
gourde the unit of value, fluctuating from 20
to 24 cents, U. S. Gold. There has been some
talk of placing its finances on a gold basis,
but this is visionary. There is one bank—
Banque Nationale de la Republique d’Haiti,
financed by American money, but it has been
closed by the government. No one can authoritatively
state with certainty as to the outcome
in consequence of this condition of affairs.
Credits should be closely watched.
Owing to the heavy national debt and the in