46 SELLING LATIN AMERICA
change basis, the gold peso being worth one
hundred centavos, or in our money 96.5 cents.
The gold peso is designated by the sign $C/L,
the symbol C/L meaning curso legal, or legal
tender. This is practically an imaginary
coin, and the money one sees is paper currency,
the paper peso being worth 44 per cent, of its
face value, or 42.46 cents in United States
gold. This is represented in the following
manner $M/N, meaning moneda nacional or
national money. This paper currency fluctu
ates slightly each day, being governed by the
market conditions. The abbreviations O/S,
C/L, and M/N are placed before the dollar
or peso mark, as for example O/S $500 or
may follow it, as, for instance, $500 M/N.
The Argentine has long been noted for its
unfavorable fees charged travellers, each
province having a separate tariff, varying ac
cording to the commodity one may be selling.
They are subject to such changes on short
notice that it is useless to give them here, be
sides the subject has been dealt with else
where in this book. Before doing business it