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sixth  pin  should  he  inserted  in  the  middle  of
the  Atlantic  Ocean  to  denote  the  General
International  stock.  After  these  we  take
Europe  as  a  division  distinct  from  that  of
Great  Britain,  and  we  will  place  a  pin,
say  in  Italy.  The  next  step  is  to  divide
America  into  two  divisions,  North  and  South.
As  we  have  already  one  pin  (representing  a
stock)  in  North  America,  our  next  selection
must  be  a  stock  in  South  America.  Let  us
place  a  pin  in  the  spot  denoting  Buenos  Ayres.
The  next  division  will  be  Europe  into  North
and  South,  placing  a  pin,  say  in  Berlin.
Lastly,  we  again  divide  America,  forming  a
distinct  division  of  Central  America,  and  we
will  place  a  pin  in  the  centre  of  Mexico.
This  limit  of  ten  divisions,  which  we  have
chosen  as  our  method  of  covering  the  earth’s
surface  for  the  purpose  of  the  Geographical
Distribution  of  Capital,  will  be  found  a  very
convenient  one  for  all  ordinary  purposes.
Being  a  decimal  unit  the  division  of  capital
is  rendered  extremely  simple,  and  it  is  also
admirably  adapted  for  the  purposes  of  poise
and  counterpoise.  A  glance  at  the  pincovered
  map  will,  of  course,  show  a  large
number  of  uncovered  countries,  some  of
which  are  governed  by  still  different  trade
influences  ;  for  example,  in  the  British  Colonies,