id	sid	tid	token	lemma	pos
29364	1	1	generously	generously	RB
29364	1	2	made	make	VBN
29364	1	3	available	available	JJ
29364	1	4	by	by	IN
29364	1	5	The	the	DT
29364	1	6	Internet	Internet	NNP
29364	1	7	Archive	Archive	NNP
29364	1	8	/	/	SYM
29364	1	9	Canadian	Canadian	NNP
29364	1	10	Libraries	Libraries	NNPS
29364	1	11	)	)	-RRB-
29364	1	12	Elements	Elements	NNPS
29364	1	13	of	of	IN
29364	1	14	Foreign	Foreign	NNP
29364	1	15	Exchange	Exchange	NNP
29364	1	16	A	A	NNP
29364	1	17	FOREIGN	foreign	JJ
29364	1	18	EXCHANGE	exchange	NN
29364	1	19	PRIMER	primer	NN
29364	1	20	By	by	IN
29364	1	21	FRANKLIN	FRANKLIN	NNP
29364	1	22	ESCHER	ESCHER	NNP
29364	1	23	Special	Special	NNP
29364	1	24	Lecturer	Lecturer	NNP
29364	1	25	on	on	IN
29364	1	26	Foreign	Foreign	NNP
29364	1	27	Exchange	Exchange	NNP
29364	1	28	at	at	IN
29364	1	29	New	New	NNP
29364	1	30	York	York	NNP
29364	1	31	University	University	NNP
29364	1	32	_	_	NNP
29364	1	33	Fifth	Fifth	NNP
29364	1	34	Edition	Edition	NNP
29364	1	35	_	_	NNP
29364	1	36	NEW	NEW	NNP
29364	1	37	YORK	YORK	NNP
29364	1	38	THE	the	DT
29364	1	39	BANKERS	banker	NNS
29364	1	40	PUBLISHING	publish	VBG
29364	1	41	COMPANY	COMPANY	NNP
29364	1	42	1915	1915	CD
29364	1	43	LONDON	LONDON	NNP
29364	1	44	EFFINGHAM	EFFINGHAM	NNP
29364	1	45	WILSON	WILSON	VBN
29364	1	46	,	,	,
29364	1	47	54	54	CD
29364	1	48	THREADNEEDLE	threadneedle	NN
29364	1	49	ST	ST	NNP
29364	1	50	.	.	.
29364	2	1	Copyright	copyright	NN
29364	2	2	1910	1910	CD
29364	2	3	By	by	IN
29364	2	4	the	the	DT
29364	2	5	Bankers	Bankers	NNPS
29364	2	6	Publishing	Publishing	NNP
29364	2	7	Co.	Co.	NNP
29364	2	8	New	New	NNP
29364	2	9	York	York	NNP
29364	2	10	CONTENTS	CONTENTS	NNP
29364	2	11	PAGE	PAGE	NNP
29364	2	12	CHAPTER	chapter	NN
29364	2	13	I.	i.	NN
29364	3	1	WHAT	what	WDT
29364	3	2	FOREIGN	foreign	JJ
29364	3	3	EXCHANGE	exchange	NN
29364	3	4	IS	be	VBZ
29364	3	5	AND	and	CC
29364	3	6	WHAT	what	WP
29364	3	7	BRINGS	bring	VBZ
29364	3	8	IT	it	PRP
29364	3	9	INTO	into	NN
29364	3	10	EXIST	EXIST	NNP
29364	3	11	3	3	CD
29364	3	12	The	the	DT
29364	3	13	various	various	JJ
29364	3	14	forms	form	NNS
29364	3	15	of	of	IN
29364	3	16	obligation	obligation	NN
29364	3	17	between	between	IN
29364	3	18	the	the	DT
29364	3	19	bankers	banker	NNS
29364	3	20	and	and	CC
29364	3	21	merchants	merchant	NNS
29364	3	22	of	of	IN
29364	3	23	one	one	CD
29364	3	24	country	country	NN
29364	3	25	and	and	CC
29364	3	26	the	the	DT
29364	3	27	bankers	banker	NNS
29364	3	28	and	and	CC
29364	3	29	merchants	merchant	NNS
29364	3	30	of	of	IN
29364	3	31	another	another	DT
29364	3	32	,	,	,
29364	3	33	which	which	WDT
29364	3	34	result	result	VBP
29364	3	35	in	in	IN
29364	3	36	the	the	DT
29364	3	37	drawing	drawing	NN
29364	3	38	of	of	IN
29364	3	39	bills	bill	NNS
29364	3	40	of	of	IN
29364	3	41	exchange	exchange	NN
29364	3	42	.	.	.
29364	4	1	CHAPTER	CHAPTER	NNP
29364	4	2	II	II	NNP
29364	4	3	.	.	.
29364	5	1	THE	the	DT
29364	5	2	DEMAND	demand	NN
29364	5	3	FOR	for	IN
29364	5	4	BILLS	BILLS	NNPS
29364	5	5	OF	of	IN
29364	5	6	EXCHANGE	EXCHANGE	NNP
29364	5	7	15	15	CD
29364	5	8	A	a	DT
29364	5	9	discussion	discussion	NN
29364	5	10	of	of	IN
29364	5	11	the	the	DT
29364	5	12	six	six	CD
29364	5	13	sources	source	NNS
29364	5	14	from	from	IN
29364	5	15	which	which	WDT
29364	5	16	spring	spring	VBP
29364	5	17	the	the	DT
29364	5	18	demand	demand	NN
29364	5	19	for	for	IN
29364	5	20	the	the	DT
29364	5	21	various	various	JJ
29364	5	22	kinds	kind	NNS
29364	5	23	of	of	IN
29364	5	24	bills	bill	NNS
29364	5	25	of	of	IN
29364	5	26	exchange	exchange	NN
29364	5	27	.	.	.
29364	6	1	CHAPTER	CHAPTER	NNP
29364	6	2	III	III	NNP
29364	6	3	.	.	.
29364	7	1	THE	the	DT
29364	7	2	RISE	RISE	NNP
29364	7	3	AND	and	CC
29364	7	4	FALL	FALL	NNP
29364	7	5	OF	of	IN
29364	7	6	EXCHANGE	EXCHANGE	NNP
29364	7	7	RATES	rate	NNS
29364	7	8	25	25	CD
29364	7	9	Operation	operation	NN
29364	7	10	of	of	IN
29364	7	11	the	the	DT
29364	7	12	five	five	CD
29364	7	13	main	main	JJ
29364	7	14	influences	influence	NNS
29364	7	15	tending	tend	VBG
29364	7	16	to	to	TO
29364	7	17	make	make	VB
29364	7	18	exchange	exchange	NN
29364	7	19	rise	rise	NN
29364	7	20	as	as	IN
29364	7	21	opposed	oppose	VBN
29364	7	22	to	to	IN
29364	7	23	the	the	DT
29364	7	24	five	five	CD
29364	7	25	main	main	JJ
29364	7	26	influences	influence	NNS
29364	7	27	tending	tend	VBG
29364	7	28	to	to	TO
29364	7	29	make	make	VB
29364	7	30	exchange	exchange	NN
29364	7	31	fall	fall	NN
29364	7	32	.	.	.
29364	8	1	CHAPTER	CHAPTER	NNP
29364	8	2	IV	IV	NNP
29364	8	3	.	.	.
29364	9	1	THE	the	DT
29364	9	2	VARIOUS	various	NN
29364	9	3	KINDS	kind	NNS
29364	9	4	OF	of	IN
29364	9	5	EXCHANGE	EXCHANGE	NNP
29364	9	6	45	45	CD
29364	9	7	A	a	DT
29364	9	8	detailed	detailed	JJ
29364	9	9	description	description	NN
29364	9	10	of	of	IN
29364	9	11	:	:	:
29364	9	12	Commercial	commercial	JJ
29364	9	13	"	"	''
29364	9	14	Long	long	JJ
29364	9	15	"	"	''
29364	9	16	Bills	bill	NNS
29364	9	17	--	--	:
29364	9	18	Clean	Clean	NNP
29364	9	19	Bills	Bills	NNPS
29364	9	20	--	--	:
29364	9	21	Commercial	commercial	JJ
29364	9	22	"	"	``
29364	9	23	Short	Short	NNP
29364	9	24	"	"	''
29364	9	25	Bills	bill	NNS
29364	9	26	--	--	:
29364	9	27	Drafts	Drafts	NNP
29364	9	28	drawn	draw	VBN
29364	9	29	against	against	IN
29364	9	30	securities	security	NNS
29364	9	31	sold	sell	VBN
29364	9	32	abroad	abroad	RB
29364	9	33	--	--	:
29364	9	34	Bankers	banker	NNS
29364	9	35	'	'	POS
29364	9	36	demand	demand	NN
29364	9	37	drafts	draft	VBZ
29364	9	38	--	--	:
29364	9	39	Bankers	Bankers	NNP
29364	9	40	'	'	POS
29364	9	41	"	"	``
29364	9	42	long	long	JJ
29364	9	43	"	"	''
29364	9	44	drafts	draft	NNS
29364	9	45	.	.	.
29364	10	1	CHAPTER	CHAPTER	NNP
29364	10	2	V.	V.	NNP
29364	10	3	THE	the	DT
29364	10	4	FOREIGN	FOREIGN	NNP
29364	10	5	EXCHANGE	EXCHANGE	NNP
29364	10	6	MARKET	market	NN
29364	10	7	59	59	CD
29364	10	8	How	how	WRB
29364	10	9	the	the	DT
29364	10	10	exchange	exchange	NN
29364	10	11	market	market	NN
29364	10	12	is	be	VBZ
29364	10	13	constituted	constituted	JJ
29364	10	14	.	.	.
29364	11	1	The	the	DT
29364	11	2	bankers	banker	NNS
29364	11	3	,	,	,
29364	11	4	dealers	dealer	NNS
29364	11	5	and	and	CC
29364	11	6	brokers	broker	NNS
29364	11	7	who	who	WP
29364	11	8	make	make	VBP
29364	11	9	it	-PRON-	PRP
29364	11	10	up	up	RP
29364	11	11	.	.	.
29364	12	1	How	how	WRB
29364	12	2	exchange	exchange	NN
29364	12	3	rates	rate	NNS
29364	12	4	are	be	VBP
29364	12	5	established	establish	VBN
29364	12	6	.	.	.
29364	13	1	The	the	DT
29364	13	2	relative	relative	JJ
29364	13	3	importance	importance	NN
29364	13	4	of	of	IN
29364	13	5	different	different	JJ
29364	13	6	kinds	kind	NNS
29364	13	7	of	of	IN
29364	13	8	exchange	exchange	NN
29364	13	9	.	.	.
29364	14	1	CHAPTER	CHAPTER	NNP
29364	14	2	VI	VI	NNP
29364	14	3	.	.	.
29364	15	1	HOW	how	WRB
29364	15	2	MONEY	money	NN
29364	15	3	IS	be	VBZ
29364	15	4	MADE	make	VBN
29364	15	5	IN	in	IN
29364	15	6	FOREIGN	FOREIGN	NNP
29364	15	7	EXCHANGE	EXCHANGE	NNP
29364	15	8	.	.	.
29364	16	1	THE	the	DT
29364	16	2	OPERATIONS	OPERATIONS	NNP
29364	16	3	OF	of	IN
29364	16	4	THE	the	DT
29364	16	5	FOREIGN	FOREIGN	NNP
29364	16	6	DEPARTMENT	DEPARTMENT	NNP
29364	16	7	68	68	CD
29364	16	8	An	an	DT
29364	16	9	intimate	intimate	JJ
29364	16	10	description	description	NN
29364	16	11	of	of	IN
29364	16	12	:	:	:
29364	16	13	Selling	sell	VBG
29364	16	14	demand	demand	NN
29364	16	15	bills	bill	NNS
29364	16	16	against	against	IN
29364	16	17	remittances	remittance	NNS
29364	16	18	of	of	IN
29364	16	19	demand	demand	NN
29364	16	20	bills	bill	NNS
29364	16	21	--	--	:
29364	16	22	Selling	sell	VBG
29364	16	23	cables	cable	NNS
29364	16	24	against	against	IN
29364	16	25	remittances	remittance	NNS
29364	16	26	of	of	IN
29364	16	27	demand	demand	NN
29364	16	28	bills	bill	NNS
29364	16	29	--	--	:
29364	16	30	Selling	sell	VBG
29364	16	31	demand	demand	NN
29364	16	32	drafts	draft	VBZ
29364	16	33	against	against	IN
29364	16	34	remittances	remittance	NNS
29364	16	35	of	of	IN
29364	16	36	"	"	``
29364	16	37	long	long	JJ
29364	16	38	"	"	''
29364	16	39	exchange	exchange	NN
29364	16	40	--	--	:
29364	16	41	The	the	DT
29364	16	42	operation	operation	NN
29364	16	43	of	of	IN
29364	16	44	lending	lend	VBG
29364	16	45	foreign	foreign	JJ
29364	16	46	money	money	NN
29364	16	47	here	here	RB
29364	16	48	--	--	:
29364	16	49	The	the	DT
29364	16	50	drawing	drawing	NN
29364	16	51	of	of	IN
29364	16	52	finance	finance	NN
29364	16	53	bills	bill	NNS
29364	16	54	--	--	:
29364	16	55	Arbitraging	arbitrage	VBG
29364	16	56	in	in	IN
29364	16	57	Foreign	Foreign	NNP
29364	16	58	Exchange	Exchange	NNP
29364	16	59	--	--	:
29364	16	60	Dealing	deal	VBG
29364	16	61	in	in	IN
29364	16	62	exchange	exchange	NN
29364	16	63	"	"	``
29364	16	64	futures	future	NNS
29364	16	65	.	.	.
29364	16	66	"	"	''
29364	17	1	CHAPTER	CHAPTER	NNP
29364	17	2	VII	VII	NNP
29364	17	3	.	.	.
29364	18	1	GOLD	gold	JJ
29364	18	2	EXPORTS	EXPORTS	NNP
29364	18	3	AND	and	CC
29364	18	4	IMPORTS	import	NNS
29364	18	5	106	106	CD
29364	18	6	The	the	DT
29364	18	7	primary	primary	JJ
29364	18	8	movement	movement	NN
29364	18	9	of	of	IN
29364	18	10	gold	gold	NN
29364	18	11	from	from	IN
29364	18	12	the	the	DT
29364	18	13	mines	mine	NNS
29364	18	14	to	to	IN
29364	18	15	the	the	DT
29364	18	16	markets	market	NNS
29364	18	17	,	,	,
29364	18	18	and	and	CC
29364	18	19	its	-PRON-	PRP$
29364	18	20	subsequent	subsequent	JJ
29364	18	21	distribution	distribution	NN
29364	18	22	along	along	IN
29364	18	23	the	the	DT
29364	18	24	lines	line	NNS
29364	18	25	of	of	IN
29364	18	26	favorable	favorable	JJ
29364	18	27	exchange	exchange	NN
29364	18	28	rates	rate	NNS
29364	18	29	.	.	.
29364	19	1	Description	Description	NNP
29364	19	2	(	(	-LRB-
29364	19	3	with	with	IN
29364	19	4	presentation	presentation	NN
29364	19	5	of	of	IN
29364	19	6	actual	actual	JJ
29364	19	7	figures	figure	NNS
29364	19	8	)	)	-RRB-
29364	19	9	of	of	IN
29364	19	10	:	:	:
29364	19	11	The	the	DT
29364	19	12	export	export	NN
29364	19	13	of	of	IN
29364	19	14	gold	gold	NN
29364	19	15	bars	bar	NNS
29364	19	16	from	from	IN
29364	19	17	New	New	NNP
29364	19	18	York	York	NNP
29364	19	19	to	to	IN
29364	19	20	London	London	NNP
29364	19	21	--	--	:
29364	19	22	Import	Import	NNP
29364	19	23	of	of	IN
29364	19	24	gold	gold	NN
29364	19	25	bars	bar	NNS
29364	19	26	from	from	IN
29364	19	27	London	London	NNP
29364	19	28	--	--	:
29364	19	29	Export	export	NN
29364	19	30	of	of	IN
29364	19	31	gold	gold	NN
29364	19	32	bars	bar	NNS
29364	19	33	to	to	IN
29364	19	34	Paris	Paris	NNP
29364	19	35	under	under	IN
29364	19	36	the	the	DT
29364	19	37	"	"	``
29364	19	38	triangular	triangular	JJ
29364	19	39	operation	operation	NN
29364	19	40	.	.	.
29364	19	41	"	"	''
29364	20	1	Shipments	shipment	NNS
29364	20	2	to	to	IN
29364	20	3	Argentina	Argentina	NNP
29364	20	4	.	.	.
29364	21	1	London	London	NNP
29364	21	2	as	as	IN
29364	21	3	a	a	DT
29364	21	4	"	"	``
29364	21	5	free	free	JJ
29364	21	6	"	"	''
29364	21	7	gold	gold	NN
29364	21	8	market	market	NN
29364	21	9	and	and	CC
29364	21	10	the	the	DT
29364	21	11	ability	ability	NN
29364	21	12	of	of	IN
29364	21	13	the	the	DT
29364	21	14	Central	Central	NNP
29364	21	15	Banks	Banks	NNPS
29364	21	16	in	in	IN
29364	21	17	Europe	Europe	NNP
29364	21	18	to	to	TO
29364	21	19	control	control	VB
29364	21	20	the	the	DT
29364	21	21	movement	movement	NN
29364	21	22	of	of	IN
29364	21	23	gold	gold	NN
29364	21	24	.	.	.
29364	22	1	CHAPTER	chapter	NN
29364	22	2	VIII	viii	NN
29364	22	3	.	.	.
29364	23	1	FOREIGN	foreign	JJ
29364	23	2	EXCHANGE	EXCHANGE	NNP
29364	23	3	IN	in	IN
29364	23	4	ITS	its	PRP$
29364	23	5	RELATION	relation	NN
29364	23	6	TO	to	IN
29364	23	7	INTERNATIONAL	INTERNATIONAL	NNP
29364	23	8	SECURITY	SECURITY	NNP
29364	23	9	TRADING	trading	NN
29364	23	10	130	130	CD
29364	23	11	Europe	Europe	NNP
29364	23	12	's	's	POS
29364	23	13	"	"	``
29364	23	14	fixed	fix	VBN
29364	23	15	"	"	''
29364	23	16	and	and	CC
29364	23	17	"	"	``
29364	23	18	floating	float	VBG
29364	23	19	"	"	''
29364	23	20	investment	investment	NN
29364	23	21	in	in	IN
29364	23	22	American	american	JJ
29364	23	23	bonds	bond	NNS
29364	23	24	and	and	CC
29364	23	25	stocks	stock	NNS
29364	23	26	a	a	DT
29364	23	27	constant	constant	JJ
29364	23	28	source	source	NN
29364	23	29	of	of	IN
29364	23	30	international	international	JJ
29364	23	31	security	security	NN
29364	23	32	trading	trading	NN
29364	23	33	.	.	.
29364	24	1	Consequent	consequent	JJ
29364	24	2	foreign	foreign	JJ
29364	24	3	exchange	exchange	NN
29364	24	4	business	business	NN
29364	24	5	.	.	.
29364	25	1	Financing	finance	VBG
29364	25	2	foreign	foreign	JJ
29364	25	3	speculation	speculation	NN
29364	25	4	in	in	IN
29364	25	5	"	"	``
29364	25	6	Americans	Americans	NNPS
29364	25	7	.	.	.
29364	25	8	"	"	''
29364	26	1	Description	description	NN
29364	26	2	of	of	IN
29364	26	3	the	the	DT
29364	26	4	various	various	JJ
29364	26	5	kinds	kind	NNS
29364	26	6	of	of	IN
29364	26	7	bond	bond	NN
29364	26	8	and	and	CC
29364	26	9	stock	stock	NN
29364	26	10	"	"	''
29364	26	11	arbitrage	arbitrage	NN
29364	26	12	.	.	.
29364	26	13	"	"	''
29364	27	1	CHAPTER	CHAPTER	NNP
29364	27	2	IX	IX	NNP
29364	27	3	.	.	.
29364	28	1	THE	the	DT
29364	28	2	FINANCING	financing	NN
29364	28	3	OF	of	IN
29364	28	4	EXPORTS	EXPORTS	NNP
29364	28	5	AND	and	CC
29364	28	6	IMPORTS	import	NNS
29364	28	7	141	141	CD
29364	28	8	A	a	DT
29364	28	9	complete	complete	JJ
29364	28	10	description	description	NN
29364	28	11	of	of	IN
29364	28	12	the	the	DT
29364	28	13	international	international	JJ
29364	28	14	banking	banking	NN
29364	28	15	system	system	NN
29364	28	16	by	by	IN
29364	28	17	which	which	WDT
29364	28	18	merchandise	merchandise	NN
29364	28	19	is	be	VBZ
29364	28	20	imported	import	VBN
29364	28	21	into	into	IN
29364	28	22	and	and	CC
29364	28	23	exported	export	VBN
29364	28	24	from	from	IN
29364	28	25	the	the	DT
29364	28	26	United	United	NNP
29364	28	27	States	States	NNP
29364	28	28	.	.	.
29364	29	1	An	an	DT
29364	29	2	actual	actual	JJ
29364	29	3	operation	operation	NN
29364	29	4	followed	follow	VBD
29364	29	5	through	through	IN
29364	29	6	its	-PRON-	PRP$
29364	29	7	successive	successive	JJ
29364	29	8	steps	step	NNS
29364	29	9	.	.	.
29364	30	1	PREFACE	PREFACE	NNP
29364	30	2	"	"	``
29364	30	3	Where	where	WRB
29364	30	4	can	can	MD
29364	30	5	I	-PRON-	PRP
29364	30	6	find	find	VB
29364	30	7	a	a	DT
29364	30	8	little	little	JJ
29364	30	9	book	book	NN
29364	30	10	from	from	IN
29364	30	11	which	which	WDT
29364	30	12	I	-PRON-	PRP
29364	30	13	can	can	MD
29364	30	14	get	get	VB
29364	30	15	a	a	DT
29364	30	16	clear	clear	JJ
29364	30	17	idea	idea	NN
29364	30	18	of	of	IN
29364	30	19	how	how	WRB
29364	30	20	foreign	foreign	JJ
29364	30	21	exchange	exchange	NN
29364	30	22	works	work	VBZ
29364	30	23	,	,	,
29364	30	24	without	without	IN
29364	30	25	going	go	VBG
29364	30	26	too	too	RB
29364	30	27	deeply	deeply	RB
29364	30	28	into	into	IN
29364	30	29	it	-PRON-	PRP
29364	30	30	?	?	.
29364	30	31	"	"	''
29364	31	1	--that	--that	NNP
29364	31	2	question	question	NN
29364	31	3	,	,	,
29364	31	4	put	put	VBN
29364	31	5	to	to	IN
29364	31	6	the	the	DT
29364	31	7	author	author	NN
29364	31	8	dozens	dozen	NNS
29364	31	9	of	of	IN
29364	31	10	times	time	NNS
29364	31	11	and	and	CC
29364	31	12	by	by	IN
29364	31	13	many	many	JJ
29364	31	14	different	different	JJ
29364	31	15	kinds	kind	NNS
29364	31	16	of	of	IN
29364	31	17	people	people	NNS
29364	31	18	,	,	,
29364	31	19	is	be	VBZ
29364	31	20	responsible	responsible	JJ
29364	31	21	for	for	IN
29364	31	22	the	the	DT
29364	31	23	existence	existence	NN
29364	31	24	of	of	IN
29364	31	25	this	this	DT
29364	31	26	little	little	JJ
29364	31	27	work	work	NN
29364	31	28	.	.	.
29364	32	1	There	there	EX
29364	32	2	_	_	NNP
29364	32	3	are	be	VBP
29364	32	4	_	_	NNP
29364	32	5	one	one	CD
29364	32	6	or	or	CC
29364	32	7	two	two	CD
29364	32	8	well	well	RB
29364	32	9	-	-	HYPH
29364	32	10	written	write	VBN
29364	32	11	textbooks	textbook	NNS
29364	32	12	on	on	IN
29364	32	13	foreign	foreign	JJ
29364	32	14	exchange	exchange	NN
29364	32	15	,	,	,
29364	32	16	but	but	CC
29364	32	17	never	never	RB
29364	32	18	yet	yet	RB
29364	32	19	has	have	VBZ
29364	32	20	the	the	DT
29364	32	21	author	author	NN
29364	32	22	come	come	VB
29364	32	23	across	across	IN
29364	32	24	a	a	DT
29364	32	25	book	book	NN
29364	32	26	which	which	WDT
29364	32	27	covered	cover	VBD
29364	32	28	this	this	DT
29364	32	29	subject	subject	NN
29364	32	30	in	in	IN
29364	32	31	such	such	PDT
29364	32	32	a	a	DT
29364	32	33	way	way	NN
29364	32	34	that	that	WDT
29364	32	35	the	the	DT
29364	32	36	man	man	NN
29364	32	37	who	who	WP
29364	32	38	knew	know	VBD
29364	32	39	little	little	JJ
29364	32	40	or	or	CC
29364	32	41	nothing	nothing	NN
29364	32	42	about	about	IN
29364	32	43	it	-PRON-	PRP
29364	32	44	could	could	MD
29364	32	45	pick	pick	VB
29364	32	46	up	up	RP
29364	32	47	the	the	DT
29364	32	48	book	book	NN
29364	32	49	and	and	CC
29364	32	50	within	within	IN
29364	32	51	a	a	DT
29364	32	52	few	few	JJ
29364	32	53	hours	hour	NNS
29364	32	54	get	get	VBP
29364	32	55	a	a	DT
29364	32	56	clear	clear	JJ
29364	32	57	idea	idea	NN
29364	32	58	of	of	IN
29364	32	59	how	how	WRB
29364	32	60	foreign	foreign	JJ
29364	32	61	exchange	exchange	NN
29364	32	62	works,--the	works,--the	NNP
29364	32	63	causes	cause	NNS
29364	32	64	which	which	WDT
29364	32	65	bear	bear	VBP
29364	32	66	upon	upon	IN
29364	32	67	its	-PRON-	PRP$
29364	32	68	movement	movement	NN
29364	32	69	,	,	,
29364	32	70	its	-PRON-	PRP$
29364	32	71	influence	influence	NN
29364	32	72	on	on	IN
29364	32	73	the	the	DT
29364	32	74	money	money	NN
29364	32	75	and	and	CC
29364	32	76	security	security	NN
29364	32	77	markets	market	NNS
29364	32	78	,	,	,
29364	32	79	etc	etc	FW
29364	32	80	.	.	.
29364	33	1	That	that	DT
29364	33	2	is	be	VBZ
29364	33	3	the	the	DT
29364	33	4	object	object	NN
29364	33	5	of	of	IN
29364	33	6	this	this	DT
29364	33	7	little	little	JJ
29364	33	8	book	book	NN
29364	33	9	--	--	:
29364	33	10	to	to	TO
29364	33	11	cover	cover	VB
29364	33	12	the	the	DT
29364	33	13	ground	ground	NN
29364	33	14	of	of	IN
29364	33	15	foreign	foreign	JJ
29364	33	16	exchange	exchange	NN
29364	33	17	,	,	,
29364	33	18	but	but	CC
29364	33	19	in	in	IN
29364	33	20	such	such	PDT
29364	33	21	a	a	DT
29364	33	22	way	way	NN
29364	33	23	as	as	IN
29364	33	24	to	to	TO
29364	33	25	make	make	VB
29364	33	26	the	the	DT
29364	33	27	subject	subject	JJ
29364	33	28	interesting	interesting	JJ
29364	33	29	and	and	CC
29364	33	30	its	-PRON-	PRP$
29364	33	31	treatment	treatment	NN
29364	33	32	readable	readable	JJ
29364	33	33	and	and	CC
29364	33	34	comprehensible	comprehensible	JJ
29364	33	35	to	to	IN
29364	33	36	the	the	DT
29364	33	37	man	man	NN
29364	33	38	without	without	IN
29364	33	39	technical	technical	JJ
29364	33	40	knowledge	knowledge	NN
29364	33	41	.	.	.
29364	34	1	Foreign	foreign	JJ
29364	34	2	exchange	exchange	NN
29364	34	3	is	be	VBZ
29364	34	4	no	no	DT
29364	34	5	easy	easy	JJ
29364	34	6	subject	subject	NN
29364	34	7	to	to	TO
29364	34	8	understand	understand	VB
29364	34	9	;	;	:
29364	34	10	there	there	EX
29364	34	11	are	be	VBP
29364	34	12	few	few	JJ
29364	34	13	important	important	JJ
29364	34	14	subjects	subject	NNS
29364	34	15	which	which	WDT
29364	34	16	are	be	VBP
29364	34	17	.	.	.
29364	35	1	But	but	CC
29364	35	2	,	,	,
29364	35	3	on	on	IN
29364	35	4	the	the	DT
29364	35	5	other	other	JJ
29364	35	6	hand	hand	NN
29364	35	7	,	,	,
29364	35	8	neither	neither	CC
29364	35	9	is	be	VBZ
29364	35	10	it	-PRON-	PRP
29364	35	11	the	the	DT
29364	35	12	complicated	complicated	JJ
29364	35	13	and	and	CC
29364	35	14	abstruse	abstruse	NN
29364	35	15	subject	subject	JJ
29364	35	16	which	which	WDT
29364	35	17	so	so	RB
29364	35	18	many	many	JJ
29364	35	19	people	people	NNS
29364	35	20	seem	seem	VBP
29364	35	21	to	to	TO
29364	35	22	consider	consider	VB
29364	35	23	it	-PRON-	PRP
29364	35	24	--	--	:
29364	35	25	an	an	DT
29364	35	26	idea	idea	NN
29364	35	27	only	only	RB
29364	35	28	too	too	RB
29364	35	29	often	often	RB
29364	35	30	born	bear	VBN
29364	35	31	of	of	IN
29364	35	32	a	a	DT
29364	35	33	look	look	NN
29364	35	34	into	into	IN
29364	35	35	some	some	DT
29364	35	36	of	of	IN
29364	35	37	the	the	DT
29364	35	38	textbooks	textbook	NNS
29364	35	39	on	on	IN
29364	35	40	exchange	exchange	NN
29364	35	41	,	,	,
29364	35	42	with	with	IN
29364	35	43	their	-PRON-	PRP$
29364	35	44	formidable	formidable	JJ
29364	35	45	pages	page	NNS
29364	35	46	of	of	IN
29364	35	47	tabulations	tabulation	NNS
29364	35	48	,	,	,
29364	35	49	formulas	formula	NNS
29364	35	50	,	,	,
29364	35	51	and	and	CC
29364	35	52	calculations	calculation	NNS
29364	35	53	of	of	IN
29364	35	54	all	all	DT
29364	35	55	descriptions	description	NNS
29364	35	56	.	.	.
29364	36	1	For	for	IN
29364	36	2	the	the	DT
29364	36	3	average	average	JJ
29364	36	4	man	man	NN
29364	36	5	there	there	EX
29364	36	6	is	be	VBZ
29364	36	7	little	little	JJ
29364	36	8	of	of	IN
29364	36	9	interest	interest	NN
29364	36	10	in	in	IN
29364	36	11	these	these	DT
29364	36	12	intricacies	intricacy	NNS
29364	36	13	of	of	IN
29364	36	14	the	the	DT
29364	36	15	subject	subject	NN
29364	36	16	.	.	.
29364	37	1	Many	many	JJ
29364	37	2	of	of	IN
29364	37	3	the	the	DT
29364	37	4	shrewdest	shrewd	JJS
29364	37	5	and	and	CC
29364	37	6	most	most	RBS
29364	37	7	successful	successful	JJ
29364	37	8	exchange	exchange	NN
29364	37	9	bankers	banker	NNS
29364	37	10	in	in	IN
29364	37	11	New	New	NNP
29364	37	12	York	York	NNP
29364	37	13	City	City	NNP
29364	37	14	,	,	,
29364	37	15	indeed	indeed	RB
29364	37	16	,	,	,
29364	37	17	know	know	VB
29364	37	18	less	less	JJR
29364	37	19	about	about	IN
29364	37	20	them	-PRON-	PRP
29364	37	21	than	than	IN
29364	37	22	do	do	VBP
29364	37	23	some	some	DT
29364	37	24	of	of	IN
29364	37	25	their	-PRON-	PRP$
29364	37	26	clerks	clerk	NNS
29364	37	27	.	.	.
29364	38	1	What	what	WP
29364	38	2	is	be	VBZ
29364	38	3	needed	need	VBN
29364	38	4	is	be	VBZ
29364	38	5	rather	rather	RB
29364	38	6	a	a	DT
29364	38	7	clear	clear	JJ
29364	38	8	and	and	CC
29364	38	9	definite	definite	JJ
29364	38	10	knowledge	knowledge	NN
29364	38	11	of	of	IN
29364	38	12	the	the	DT
29364	38	13	movement	movement	NN
29364	38	14	of	of	IN
29364	38	15	exchange	exchange	NNP
29364	38	16	--	--	:
29364	38	17	why	why	WRB
29364	38	18	it	-PRON-	PRP
29364	38	19	moves	move	VBZ
29364	38	20	as	as	IN
29364	38	21	it	-PRON-	PRP
29364	38	22	does	do	VBZ
29364	38	23	,	,	,
29364	38	24	what	what	WP
29364	38	25	can	can	MD
29364	38	26	be	be	VB
29364	38	27	read	read	VBN
29364	38	28	from	from	IN
29364	38	29	its	-PRON-	PRP$
29364	38	30	movements	movement	NNS
29364	38	31	,	,	,
29364	38	32	what	what	WP
29364	38	33	effects	effect	VBZ
29364	38	34	its	-PRON-	PRP$
29364	38	35	movements	movement	NNS
29364	38	36	exert	exert	VB
29364	38	37	on	on	IN
29364	38	38	the	the	DT
29364	38	39	other	other	JJ
29364	38	40	markets	market	NNS
29364	38	41	.	.	.
29364	39	1	It	-PRON-	PRP
29364	39	2	is	be	VBZ
29364	39	3	in	in	IN
29364	39	4	the	the	DT
29364	39	5	hope	hope	NN
29364	39	6	that	that	IN
29364	39	7	something	something	NN
29364	39	8	may	may	MD
29364	39	9	be	be	VB
29364	39	10	added	add	VBN
29364	39	11	to	to	IN
29364	39	12	the	the	DT
29364	39	13	general	general	JJ
29364	39	14	understanding	understanding	NN
29364	39	15	of	of	IN
29364	39	16	these	these	DT
29364	39	17	important	important	JJ
29364	39	18	matters	matter	NNS
29364	39	19	that	that	IN
29364	39	20	this	this	DT
29364	39	21	little	little	JJ
29364	39	22	book	book	NN
29364	39	23	is	be	VBZ
29364	39	24	offered	offer	VBN
29364	39	25	to	to	IN
29364	39	26	the	the	DT
29364	39	27	public	public	NN
29364	39	28	.	.	.
29364	40	1	THE	the	DT
29364	40	2	ELEMENTS	element	NNS
29364	40	3	OF	of	IN
29364	40	4	FOREIGN	foreign	JJ
29364	40	5	EXCHANGE	EXCHANGE	NNP
29364	40	6	CHAPTER	chapter	NN
29364	40	7	I	-PRON-	PRP
29364	40	8	WHAT	what	WDT
29364	40	9	FOREIGN	FOREIGN	NNP
29364	40	10	EXCHANGE	exchange	NN
29364	40	11	IS	be	VBZ
29364	40	12	AND	and	CC
29364	40	13	WHAT	what	WP
29364	40	14	BRINGS	bring	VBZ
29364	40	15	IT	it	PRP
29364	40	16	INTO	into	NN
29364	40	17	EXISTENCE	existence	NN
29364	40	18	Underlying	underlie	VBG
29364	40	19	the	the	DT
29364	40	20	whole	whole	JJ
29364	40	21	business	business	NN
29364	40	22	of	of	IN
29364	40	23	foreign	foreign	JJ
29364	40	24	exchange	exchange	NN
29364	40	25	is	be	VBZ
29364	40	26	the	the	DT
29364	40	27	way	way	NN
29364	40	28	in	in	IN
29364	40	29	which	which	WDT
29364	40	30	obligations	obligation	NNS
29364	40	31	between	between	IN
29364	40	32	creditors	creditor	NNS
29364	40	33	in	in	IN
29364	40	34	one	one	CD
29364	40	35	country	country	NN
29364	40	36	and	and	CC
29364	40	37	debtors	debtor	NNS
29364	40	38	in	in	IN
29364	40	39	another	another	DT
29364	40	40	have	have	VBP
29364	40	41	come	come	VBN
29364	40	42	to	to	TO
29364	40	43	be	be	VB
29364	40	44	settled	settle	VBN
29364	40	45	--	--	:
29364	40	46	by	by	IN
29364	40	47	having	have	VBG
29364	40	48	the	the	DT
29364	40	49	creditor	creditor	NN
29364	40	50	draw	draw	VB
29364	40	51	a	a	DT
29364	40	52	draft	draft	NN
29364	40	53	directly	directly	RB
29364	40	54	upon	upon	IN
29364	40	55	the	the	DT
29364	40	56	debtor	debtor	NN
29364	40	57	or	or	CC
29364	40	58	upon	upon	IN
29364	40	59	some	some	DT
29364	40	60	bank	bank	NN
29364	40	61	designated	designate	VBN
29364	40	62	by	by	IN
29364	40	63	him	-PRON-	PRP
29364	40	64	.	.	.
29364	41	1	A	a	DT
29364	41	2	merchant	merchant	NN
29364	41	3	in	in	IN
29364	41	4	New	New	NNP
29364	41	5	York	York	NNP
29364	41	6	has	have	VBZ
29364	41	7	sold	sell	VBN
29364	41	8	a	a	DT
29364	41	9	bill	bill	NN
29364	41	10	of	of	IN
29364	41	11	goods	good	NNS
29364	41	12	to	to	IN
29364	41	13	a	a	DT
29364	41	14	merchant	merchant	NN
29364	41	15	in	in	IN
29364	41	16	London	London	NNP
29364	41	17	,	,	,
29364	41	18	having	have	VBG
29364	41	19	thus	thus	RB
29364	41	20	become	become	VBN
29364	41	21	his	-PRON-	PRP$
29364	41	22	creditor	creditor	NN
29364	41	23	,	,	,
29364	41	24	say	say	VB
29364	41	25	,	,	,
29364	41	26	for	for	IN
29364	41	27	$	$	$
29364	41	28	5,000	5,000	CD
29364	41	29	.	.	.
29364	42	1	To	to	TO
29364	42	2	get	get	VB
29364	42	3	his	-PRON-	PRP$
29364	42	4	money	money	NN
29364	42	5	,	,	,
29364	42	6	the	the	DT
29364	42	7	merchant	merchant	NN
29364	42	8	in	in	IN
29364	42	9	New	New	NNP
29364	42	10	York	York	NNP
29364	42	11	will	will	MD
29364	42	12	,	,	,
29364	42	13	in	in	IN
29364	42	14	the	the	DT
29364	42	15	great	great	JJ
29364	42	16	majority	majority	NN
29364	42	17	of	of	IN
29364	42	18	cases	case	NNS
29364	42	19	,	,	,
29364	42	20	draw	draw	VB
29364	42	21	a	a	DT
29364	42	22	sterling	sterling	NN
29364	42	23	draft	draft	NN
29364	42	24	upon	upon	IN
29364	42	25	the	the	DT
29364	42	26	debtor	debtor	NN
29364	42	27	in	in	IN
29364	42	28	London	London	NNP
29364	42	29	for	for	IN
29364	42	30	a	a	DT
29364	42	31	little	little	JJ
29364	42	32	over	over	IN
29364	42	33	£	£	$
29364	42	34	1,000	1,000	CD
29364	42	35	.	.	.
29364	43	1	This	this	DT
29364	43	2	draft	draft	NN
29364	43	3	his	-PRON-	PRP$
29364	43	4	banker	banker	NN
29364	43	5	will	will	MD
29364	43	6	readily	readily	RB
29364	43	7	enough	enough	RB
29364	43	8	convert	convert	VB
29364	43	9	for	for	IN
29364	43	10	him	-PRON-	PRP
29364	43	11	into	into	IN
29364	43	12	dollars	dollar	NNS
29364	43	13	.	.	.
29364	44	1	The	the	DT
29364	44	2	buying	buying	NN
29364	44	3	and	and	CC
29364	44	4	selling	selling	NN
29364	44	5	and	and	CC
29364	44	6	discounting	discounting	NN
29364	44	7	of	of	IN
29364	44	8	countless	countless	JJ
29364	44	9	such	such	JJ
29364	44	10	bills	bill	NNS
29364	44	11	of	of	IN
29364	44	12	exchange	exchange	NN
29364	44	13	constitute	constitute	VBP
29364	44	14	the	the	DT
29364	44	15	very	very	JJ
29364	44	16	foundation	foundation	NN
29364	44	17	of	of	IN
29364	44	18	the	the	DT
29364	44	19	foreign	foreign	JJ
29364	44	20	exchange	exchange	NN
29364	44	21	business	business	NN
29364	44	22	.	.	.
29364	45	1	Not	not	RB
29364	45	2	all	all	DT
29364	45	3	international	international	JJ
29364	45	4	obligations	obligation	NNS
29364	45	5	are	be	VBP
29364	45	6	settled	settle	VBN
29364	45	7	by	by	IN
29364	45	8	having	have	VBG
29364	45	9	the	the	DT
29364	45	10	creditor	creditor	NN
29364	45	11	draw	draw	VB
29364	45	12	direct	direct	RB
29364	45	13	on	on	IN
29364	45	14	the	the	DT
29364	45	15	debtor	debtor	NN
29364	45	16	.	.	.
29364	46	1	Sometimes	sometimes	RB
29364	46	2	gold	gold	NN
29364	46	3	is	be	VBZ
29364	46	4	actually	actually	RB
29364	46	5	sent	send	VBN
29364	46	6	in	in	IN
29364	46	7	payment	payment	NN
29364	46	8	.	.	.
29364	47	1	Sometimes	sometimes	RB
29364	47	2	the	the	DT
29364	47	3	debtor	debtor	NN
29364	47	4	goes	go	VBZ
29364	47	5	to	to	IN
29364	47	6	a	a	DT
29364	47	7	banker	banker	NN
29364	47	8	engaged	engage	VBN
29364	47	9	in	in	IN
29364	47	10	selling	sell	VBG
29364	47	11	drafts	draft	NNS
29364	47	12	on	on	IN
29364	47	13	the	the	DT
29364	47	14	city	city	NN
29364	47	15	where	where	WRB
29364	47	16	the	the	DT
29364	47	17	obligation	obligation	NN
29364	47	18	exists	exist	VBZ
29364	47	19	,	,	,
29364	47	20	gets	get	VBZ
29364	47	21	such	such	PDT
29364	47	22	a	a	DT
29364	47	23	draft	draft	NN
29364	47	24	from	from	IN
29364	47	25	him	-PRON-	PRP
29364	47	26	and	and	CC
29364	47	27	sends	send	VBZ
29364	47	28	that	that	DT
29364	47	29	.	.	.
29364	48	1	But	but	CC
29364	48	2	in	in	IN
29364	48	3	the	the	DT
29364	48	4	vast	vast	JJ
29364	48	5	majority	majority	NN
29364	48	6	of	of	IN
29364	48	7	cases	case	NNS
29364	48	8	payment	payment	NN
29364	48	9	is	be	VBZ
29364	48	10	effected	effect	VBN
29364	48	11	as	as	IN
29364	48	12	stated	state	VBN
29364	48	13	--	--	:
29364	48	14	by	by	IN
29364	48	15	a	a	DT
29364	48	16	draft	draft	NN
29364	48	17	drawn	draw	VBN
29364	48	18	directly	directly	RB
29364	48	19	on	on	IN
29364	48	20	the	the	DT
29364	48	21	buyer	buyer	NN
29364	48	22	of	of	IN
29364	48	23	the	the	DT
29364	48	24	goods	good	NNS
29364	48	25	.	.	.
29364	49	1	John	John	NNP
29364	49	2	Smith	Smith	NNP
29364	49	3	in	in	IN
29364	49	4	London	London	NNP
29364	49	5	owes	owe	VBZ
29364	49	6	me	-PRON-	PRP
29364	49	7	money	money	NN
29364	49	8	.	.	.
29364	50	1	I	-PRON-	PRP
29364	50	2	draw	draw	VBP
29364	50	3	on	on	IN
29364	50	4	him	-PRON-	PRP
29364	50	5	for	for	IN
29364	50	6	£	£	$
29364	50	7	100	100	CD
29364	50	8	,	,	,
29364	50	9	take	take	VB
29364	50	10	the	the	DT
29364	50	11	draft	draft	NN
29364	50	12	around	around	RP
29364	50	13	to	to	IN
29364	50	14	my	-PRON-	PRP$
29364	50	15	bank	bank	NN
29364	50	16	and	and	CC
29364	50	17	sell	sell	VB
29364	50	18	it	-PRON-	PRP
29364	50	19	at	at	IN
29364	50	20	,	,	,
29364	50	21	say	say	UH
29364	50	22	,	,	,
29364	50	23	4.86	4.86	CD
29364	50	24	,	,	,
29364	50	25	getting	get	VBG
29364	50	26	for	for	IN
29364	50	27	it	-PRON-	PRP
29364	50	28	a	a	DT
29364	50	29	check	check	NN
29364	50	30	for	for	IN
29364	50	31	$	$	$
29364	50	32	486.00	486.00	CD
29364	50	33	.	.	.
29364	51	1	I	-PRON-	PRP
29364	51	2	have	have	VBP
29364	51	3	my	-PRON-	PRP$
29364	51	4	money	money	NN
29364	51	5	,	,	,
29364	51	6	and	and	CC
29364	51	7	I	-PRON-	PRP
29364	51	8	am	be	VBP
29364	51	9	out	out	IN
29364	51	10	of	of	IN
29364	51	11	the	the	DT
29364	51	12	transaction	transaction	NN
29364	51	13	.	.	.
29364	52	1	Obligations	obligation	NNS
29364	52	2	continually	continually	RB
29364	52	3	arising	arise	VBG
29364	52	4	in	in	IN
29364	52	5	the	the	DT
29364	52	6	course	course	NN
29364	52	7	of	of	IN
29364	52	8	trade	trade	NN
29364	52	9	and	and	CC
29364	52	10	finance	finance	NN
29364	52	11	between	between	IN
29364	52	12	firms	firm	NNS
29364	52	13	in	in	IN
29364	52	14	New	New	NNP
29364	52	15	York	York	NNP
29364	52	16	and	and	CC
29364	52	17	firms	firm	NNS
29364	52	18	in	in	IN
29364	52	19	London	London	NNP
29364	52	20	,	,	,
29364	52	21	it	-PRON-	PRP
29364	52	22	follows	follow	VBZ
29364	52	23	that	that	IN
29364	52	24	every	every	DT
29364	52	25	day	day	NN
29364	52	26	in	in	IN
29364	52	27	New	New	NNP
29364	52	28	York	York	NNP
29364	52	29	there	there	EX
29364	52	30	will	will	MD
29364	52	31	be	be	VB
29364	52	32	merchants	merchant	NNS
29364	52	33	with	with	IN
29364	52	34	sterling	sterling	JJ
29364	52	35	drafts	draft	NNS
29364	52	36	on	on	IN
29364	52	37	London	London	NNP
29364	52	38	which	which	WDT
29364	52	39	they	-PRON-	PRP
29364	52	40	are	be	VBP
29364	52	41	anxious	anxious	JJ
29364	52	42	to	to	TO
29364	52	43	sell	sell	VB
29364	52	44	for	for	IN
29364	52	45	dollars	dollar	NNS
29364	52	46	,	,	,
29364	52	47	and	and	CC
29364	52	48	vice	vice	NN
29364	52	49	versa	versa	RB
29364	52	50	.	.	.
29364	53	1	The	the	DT
29364	53	2	supply	supply	NN
29364	53	3	of	of	IN
29364	53	4	exchange	exchange	NN
29364	53	5	,	,	,
29364	53	6	therefore	therefore	RB
29364	53	7	,	,	,
29364	53	8	varies	vary	VBZ
29364	53	9	with	with	IN
29364	53	10	the	the	DT
29364	53	11	obligations	obligation	NNS
29364	53	12	of	of	IN
29364	53	13	one	one	CD
29364	53	14	country	country	NN
29364	53	15	to	to	IN
29364	53	16	another	another	DT
29364	53	17	.	.	.
29364	54	1	If	if	IN
29364	54	2	merchants	merchant	NNS
29364	54	3	in	in	IN
29364	54	4	New	New	NNP
29364	54	5	York	York	NNP
29364	54	6	,	,	,
29364	54	7	for	for	IN
29364	54	8	instance	instance	NN
29364	54	9	,	,	,
29364	54	10	have	have	VBP
29364	54	11	sold	sell	VBN
29364	54	12	goods	good	NNS
29364	54	13	in	in	IN
29364	54	14	quantity	quantity	NN
29364	54	15	in	in	IN
29364	54	16	London	London	NNP
29364	54	17	,	,	,
29364	54	18	a	a	DT
29364	54	19	great	great	JJ
29364	54	20	many	many	JJ
29364	54	21	drafts	draft	NNS
29364	54	22	on	on	IN
29364	54	23	London	London	NNP
29364	54	24	will	will	MD
29364	54	25	be	be	VB
29364	54	26	drawn	draw	VBN
29364	54	27	and	and	CC
29364	54	28	offered	offer	VBN
29364	54	29	for	for	IN
29364	54	30	sale	sale	NN
29364	54	31	in	in	IN
29364	54	32	the	the	DT
29364	54	33	New	New	NNP
29364	54	34	York	York	NNP
29364	54	35	exchange	exchange	NN
29364	54	36	market	market	NN
29364	54	37	.	.	.
29364	55	1	The	the	DT
29364	55	2	supply	supply	NN
29364	55	3	,	,	,
29364	55	4	it	-PRON-	PRP
29364	55	5	will	will	MD
29364	55	6	of	of	IN
29364	55	7	course	course	NN
29364	55	8	be	be	VB
29364	55	9	apparent	apparent	JJ
29364	55	10	,	,	,
29364	55	11	varies	varie	NNS
29364	55	12	.	.	.
29364	56	1	Sometimes	sometimes	RB
29364	56	2	there	there	EX
29364	56	3	are	be	VBP
29364	56	4	many	many	JJ
29364	56	5	drafts	draft	NNS
29364	56	6	for	for	IN
29364	56	7	sale	sale	NN
29364	56	8	;	;	:
29364	56	9	sometimes	sometimes	RB
29364	56	10	very	very	RB
29364	56	11	few	few	JJ
29364	56	12	.	.	.
29364	57	1	When	when	WRB
29364	57	2	there	there	EX
29364	57	3	are	be	VBP
29364	57	4	a	a	DT
29364	57	5	great	great	JJ
29364	57	6	many	many	JJ
29364	57	7	drafts	draft	NNS
29364	57	8	offering	offering	NN
29364	57	9	,	,	,
29364	57	10	their	-PRON-	PRP$
29364	57	11	makers	maker	NNS
29364	57	12	will	will	MD
29364	57	13	naturally	naturally	RB
29364	57	14	have	have	VB
29364	57	15	to	to	TO
29364	57	16	accept	accept	VB
29364	57	17	a	a	DT
29364	57	18	lower	low	JJR
29364	57	19	rate	rate	NN
29364	57	20	of	of	IN
29364	57	21	exchange	exchange	NN
29364	57	22	than	than	IN
29364	57	23	when	when	WRB
29364	57	24	the	the	DT
29364	57	25	supply	supply	NN
29364	57	26	is	be	VBZ
29364	57	27	light	light	JJ
29364	57	28	.	.	.
29364	58	1	The	the	DT
29364	58	2	par	par	NN
29364	58	3	of	of	IN
29364	58	4	exchange	exchange	NN
29364	58	5	between	between	IN
29364	58	6	any	any	DT
29364	58	7	two	two	CD
29364	58	8	countries	country	NNS
29364	58	9	is	be	VBZ
29364	58	10	the	the	DT
29364	58	11	price	price	NN
29364	58	12	of	of	IN
29364	58	13	the	the	DT
29364	58	14	gold	gold	NN
29364	58	15	unit	unit	NN
29364	58	16	of	of	IN
29364	58	17	one	one	CD
29364	58	18	expressed	express	VBN
29364	58	19	in	in	IN
29364	58	20	the	the	DT
29364	58	21	money	money	NN
29364	58	22	of	of	IN
29364	58	23	the	the	DT
29364	58	24	other	other	JJ
29364	58	25	.	.	.
29364	59	1	Take	take	VB
29364	59	2	England	England	NNP
29364	59	3	and	and	CC
29364	59	4	the	the	DT
29364	59	5	United	United	NNP
29364	59	6	States	States	NNP
29364	59	7	.	.	.
29364	60	1	The	the	DT
29364	60	2	gold	gold	JJ
29364	60	3	unit	unit	NN
29364	60	4	of	of	IN
29364	60	5	England	England	NNP
29364	60	6	is	be	VBZ
29364	60	7	the	the	DT
29364	60	8	pound	pound	NN
29364	60	9	sterling	sterling	NN
29364	60	10	.	.	.
29364	61	1	What	what	WP
29364	61	2	is	be	VBZ
29364	61	3	the	the	DT
29364	61	4	price	price	NN
29364	61	5	of	of	IN
29364	61	6	as	as	RB
29364	61	7	much	much	JJ
29364	61	8	gold	gold	NN
29364	61	9	as	as	IN
29364	61	10	there	there	EX
29364	61	11	is	be	VBZ
29364	61	12	in	in	IN
29364	61	13	a	a	DT
29364	61	14	new	new	JJ
29364	61	15	pound	pound	NN
29364	61	16	sterling	sterling	NN
29364	61	17	,	,	,
29364	61	18	expressed	express	VBN
29364	61	19	in	in	IN
29364	61	20	American	american	JJ
29364	61	21	money	money	NN
29364	61	22	?	?	.
29364	62	1	$	$	$
29364	62	2	4.8665	4.8665	CD
29364	62	3	.	.	.
29364	63	1	That	that	DT
29364	63	2	amount	amount	NN
29364	63	3	of	of	IN
29364	63	4	dollars	dollar	NNS
29364	63	5	and	and	CC
29364	63	6	cents	cent	NNS
29364	63	7	at	at	IN
29364	63	8	any	any	DT
29364	63	9	United	United	NNP
29364	63	10	States	States	NNP
29364	63	11	assay	assay	NNP
29364	63	12	office	office	NN
29364	63	13	will	will	MD
29364	63	14	buy	buy	VB
29364	63	15	exactly	exactly	RB
29364	63	16	as	as	RB
29364	63	17	much	much	JJ
29364	63	18	gold	gold	NN
29364	63	19	as	as	IN
29364	63	20	there	there	EX
29364	63	21	is	be	VBZ
29364	63	22	contained	contain	VBN
29364	63	23	in	in	IN
29364	63	24	a	a	DT
29364	63	25	new	new	JJ
29364	63	26	British	british	JJ
29364	63	27	pound	pound	NN
29364	63	28	sterling	sterling	NN
29364	63	29	,	,	,
29364	63	30	or	or	CC
29364	63	31	sovereign	sovereign	JJ
29364	63	32	,	,	,
29364	63	33	as	as	IN
29364	63	34	the	the	DT
29364	63	35	actual	actual	JJ
29364	63	36	coin	coin	NN
29364	63	37	itself	-PRON-	PRP
29364	63	38	is	be	VBZ
29364	63	39	called	call	VBN
29364	63	40	.	.	.
29364	64	1	4.8665	4.8665	CD
29364	64	2	is	be	VBZ
29364	64	3	the	the	DT
29364	64	4	mint	mint	NN
29364	64	5	par	par	NN
29364	64	6	of	of	IN
29364	64	7	exchange	exchange	NN
29364	64	8	between	between	IN
29364	64	9	Great	Great	NNP
29364	64	10	Britain	Britain	NNP
29364	64	11	and	and	CC
29364	64	12	the	the	DT
29364	64	13	United	United	NNP
29364	64	14	States	States	NNP
29364	64	15	.	.	.
29364	65	1	The	the	DT
29364	65	2	fact	fact	NN
29364	65	3	that	that	IN
29364	65	4	the	the	DT
29364	65	5	gold	gold	NN
29364	65	6	in	in	IN
29364	65	7	a	a	DT
29364	65	8	new	new	JJ
29364	65	9	British	british	JJ
29364	65	10	sovereign	sovereign	NN
29364	65	11	(	(	-LRB-
29364	65	12	or	or	CC
29364	65	13	pound	pound	NN
29364	65	14	sterling	sterling	NN
29364	65	15	)	)	-RRB-
29364	65	16	is	be	VBZ
29364	65	17	worth	worth	JJ
29364	65	18	$	$	$
29364	65	19	4.8665	4.8665	CD
29364	65	20	in	in	IN
29364	65	21	our	-PRON-	PRP$
29364	65	22	money	money	NN
29364	65	23	by	by	IN
29364	65	24	no	no	DT
29364	65	25	means	means	NN
29364	65	26	proves	prof	NNS
29364	65	27	,	,	,
29364	65	28	however	however	RB
29364	65	29	,	,	,
29364	65	30	that	that	DT
29364	65	31	drafts	draft	VBZ
29364	65	32	payable	payable	JJ
29364	65	33	in	in	IN
29364	65	34	pounds	pound	NNS
29364	65	35	in	in	IN
29364	65	36	London	London	NNP
29364	65	37	can	can	MD
29364	65	38	always	always	RB
29364	65	39	be	be	VB
29364	65	40	bought	buy	VBN
29364	65	41	or	or	CC
29364	65	42	sold	sell	VBN
29364	65	43	for	for	IN
29364	65	44	$	$	$
29364	65	45	4.8665	4.8665	CD
29364	65	46	per	per	IN
29364	65	47	pound	pound	NN
29364	65	48	.	.	.
29364	66	1	To	to	TO
29364	66	2	reduce	reduce	VB
29364	66	3	the	the	DT
29364	66	4	case	case	NN
29364	66	5	to	to	IN
29364	66	6	a	a	DT
29364	66	7	unit	unit	NN
29364	66	8	basis	basis	NN
29364	66	9	,	,	,
29364	66	10	suppose	suppose	VB
29364	66	11	that	that	IN
29364	66	12	you	-PRON-	PRP
29364	66	13	owed	owe	VBD
29364	66	14	one	one	CD
29364	66	15	pound	pound	NN
29364	66	16	in	in	IN
29364	66	17	London	London	NNP
29364	66	18	,	,	,
29364	66	19	and	and	CC
29364	66	20	that	that	IN
29364	66	21	,	,	,
29364	66	22	finding	find	VBG
29364	66	23	it	-PRON-	PRP
29364	66	24	difficult	difficult	JJ
29364	66	25	to	to	TO
29364	66	26	buy	buy	VB
29364	66	27	a	a	DT
29364	66	28	draft	draft	NN
29364	66	29	to	to	TO
29364	66	30	send	send	VB
29364	66	31	in	in	IN
29364	66	32	payment	payment	NN
29364	66	33	,	,	,
29364	66	34	you	-PRON-	PRP
29364	66	35	elected	elect	VBD
29364	66	36	to	to	TO
29364	66	37	send	send	VB
29364	66	38	actual	actual	JJ
29364	66	39	gold	gold	NN
29364	66	40	.	.	.
29364	67	1	The	the	DT
29364	67	2	amount	amount	NN
29364	67	3	of	of	IN
29364	67	4	gold	gold	NN
29364	67	5	necessary	necessary	JJ
29364	67	6	to	to	TO
29364	67	7	settle	settle	VB
29364	67	8	your	-PRON-	PRP$
29364	67	9	debt	debt	NN
29364	67	10	would	would	MD
29364	67	11	cost	cost	VB
29364	67	12	$	$	$
29364	67	13	4.8665	4.8665	CD
29364	67	14	,	,	,
29364	67	15	in	in	IN
29364	67	16	addition	addition	NN
29364	67	17	to	to	TO
29364	67	18	which	which	WDT
29364	67	19	you	-PRON-	PRP
29364	67	20	would	would	MD
29364	67	21	have	have	VB
29364	67	22	to	to	TO
29364	67	23	pay	pay	VB
29364	67	24	all	all	PDT
29364	67	25	the	the	DT
29364	67	26	expenses	expense	NNS
29364	67	27	of	of	IN
29364	67	28	remitting	remit	VBG
29364	67	29	.	.	.
29364	68	1	It	-PRON-	PRP
29364	68	2	would	would	MD
29364	68	3	be	be	VB
29364	68	4	cheaper	cheap	JJR
29364	68	5	,	,	,
29364	68	6	therefore	therefore	RB
29364	68	7	,	,	,
29364	68	8	to	to	TO
29364	68	9	pay	pay	VB
29364	68	10	considerably	considerably	RB
29364	68	11	more	more	JJR
29364	68	12	than	than	IN
29364	68	13	$	$	$
29364	68	14	4.8665	4.8665	CD
29364	68	15	for	for	IN
29364	68	16	a	a	DT
29364	68	17	one	one	CD
29364	68	18	-	-	HYPH
29364	68	19	pound	pound	NN
29364	68	20	draft	draft	NN
29364	68	21	,	,	,
29364	68	22	and	and	CC
29364	68	23	you	-PRON-	PRP
29364	68	24	would	would	MD
29364	68	25	probably	probably	RB
29364	68	26	bid	bid	VB
29364	68	27	up	up	RP
29364	68	28	until	until	IN
29364	68	29	somebody	somebody	NN
29364	68	30	consented	consent	VBD
29364	68	31	to	to	TO
29364	68	32	sell	sell	VB
29364	68	33	you	-PRON-	PRP
29364	68	34	the	the	DT
29364	68	35	draft	draft	NN
29364	68	36	you	-PRON-	PRP
29364	68	37	wanted	want	VBD
29364	68	38	.	.	.
29364	69	1	Which	which	WDT
29364	69	2	goes	go	VBZ
29364	69	3	to	to	TO
29364	69	4	show	show	VB
29364	69	5	that	that	IN
29364	69	6	the	the	DT
29364	69	7	mint	mint	NN
29364	69	8	par	par	NN
29364	69	9	is	be	VBZ
29364	69	10	not	not	RB
29364	69	11	what	what	WP
29364	69	12	governs	govern	VBZ
29364	69	13	the	the	DT
29364	69	14	price	price	NN
29364	69	15	at	at	IN
29364	69	16	which	which	WDT
29364	69	17	drafts	draft	VBZ
29364	69	18	in	in	IN
29364	69	19	pounds	pound	NNS
29364	69	20	sterling	sterling	NN
29364	69	21	can	can	MD
29364	69	22	be	be	VB
29364	69	23	bought	buy	VBN
29364	69	24	,	,	,
29364	69	25	but	but	CC
29364	69	26	that	that	DT
29364	69	27	demand	demand	NN
29364	69	28	and	and	CC
29364	69	29	supply	supply	NN
29364	69	30	are	be	VBP
29364	69	31	the	the	DT
29364	69	32	controlling	control	VBG
29364	69	33	factors	factor	NNS
29364	69	34	.	.	.
29364	70	1	There	there	EX
29364	70	2	are	be	VBP
29364	70	3	exporters	exporter	NNS
29364	70	4	who	who	WP
29364	70	5	have	have	VBP
29364	70	6	been	be	VBN
29364	70	7	shipping	ship	VBG
29364	70	8	merchandise	merchandise	NN
29364	70	9	and	and	CC
29364	70	10	selling	sell	VBG
29364	70	11	foreign	foreign	JJ
29364	70	12	exchange	exchange	NN
29364	70	13	against	against	IN
29364	70	14	the	the	DT
29364	70	15	shipments	shipment	NNS
29364	70	16	all	all	DT
29364	70	17	their	-PRON-	PRP$
29364	70	18	lives	life	NNS
29364	70	19	who	who	WP
29364	70	20	have	have	VBP
29364	70	21	never	never	RB
29364	70	22	even	even	RB
29364	70	23	heard	hear	VBN
29364	70	24	of	of	IN
29364	70	25	a	a	DT
29364	70	26	mint	mint	NN
29364	70	27	par	par	NN
29364	70	28	of	of	IN
29364	70	29	exchange	exchange	NN
29364	70	30	.	.	.
29364	71	1	All	all	DT
29364	71	2	they	-PRON-	PRP
29364	71	3	know	know	VBP
29364	71	4	is	be	VBZ
29364	71	5	,	,	,
29364	71	6	that	that	IN
29364	71	7	when	when	WRB
29364	71	8	exports	export	NNS
29364	71	9	are	be	VBP
29364	71	10	running	run	VBG
29364	71	11	large	large	JJ
29364	71	12	and	and	CC
29364	71	13	bills	bill	NNS
29364	71	14	in	in	IN
29364	71	15	great	great	JJ
29364	71	16	quantity	quantity	NN
29364	71	17	are	be	VBP
29364	71	18	being	be	VBG
29364	71	19	offered	offer	VBN
29364	71	20	,	,	,
29364	71	21	bankers	banker	NNS
29364	71	22	are	be	VBP
29364	71	23	willing	willing	JJ
29364	71	24	to	to	TO
29364	71	25	pay	pay	VB
29364	71	26	them	-PRON-	PRP
29364	71	27	only	only	RB
29364	71	28	low	low	JJ
29364	71	29	rates--$4.83	rates--$4.83	NNS
29364	71	30	or	or	CC
29364	71	31	$	$	$
29364	71	32	4.84	4.84	CD
29364	71	33	,	,	,
29364	71	34	perhaps	perhaps	RB
29364	71	35	,	,	,
29364	71	36	for	for	IN
29364	71	37	the	the	DT
29364	71	38	commercial	commercial	JJ
29364	71	39	bills	bill	NNS
29364	71	40	they	-PRON-	PRP
29364	71	41	want	want	VBP
29364	71	42	to	to	TO
29364	71	43	sell	sell	VB
29364	71	44	for	for	IN
29364	71	45	dollars	dollar	NNS
29364	71	46	.	.	.
29364	72	1	Conversely	conversely	RB
29364	72	2	,	,	,
29364	72	3	when	when	WRB
29364	72	4	exports	export	NNS
29364	72	5	are	be	VBP
29364	72	6	running	run	VBG
29364	72	7	light	light	NN
29364	72	8	and	and	CC
29364	72	9	bills	bill	NNS
29364	72	10	drawn	draw	VBN
29364	72	11	against	against	IN
29364	72	12	shipments	shipment	NNS
29364	72	13	are	be	VBP
29364	72	14	scarce	scarce	JJ
29364	72	15	,	,	,
29364	72	16	bankers	banker	NNS
29364	72	17	may	may	MD
29364	72	18	be	be	VB
29364	72	19	willing	willing	JJ
29364	72	20	to	to	TO
29364	72	21	pay	pay	VB
29364	72	22	4.87	4.87	CD
29364	72	23	or	or	CC
29364	72	24	4.88	4.88	CD
29364	72	25	for	for	IN
29364	72	26	them	-PRON-	PRP
29364	72	27	.	.	.
29364	73	1	For	for	IN
29364	73	2	a	a	DT
29364	73	3	clear	clear	JJ
29364	73	4	understanding	understanding	NN
29364	73	5	of	of	IN
29364	73	6	the	the	DT
29364	73	7	mechanics	mechanic	NNS
29364	73	8	of	of	IN
29364	73	9	the	the	DT
29364	73	10	exchange	exchange	NN
29364	73	11	market	market	NN
29364	73	12	there	there	EX
29364	73	13	is	be	VBZ
29364	73	14	necessary	necessary	JJ
29364	73	15	a	a	DT
29364	73	16	clear	clear	JJ
29364	73	17	understanding	understanding	NN
29364	73	18	of	of	IN
29364	73	19	what	what	WP
29364	73	20	the	the	DT
29364	73	21	various	various	JJ
29364	73	22	forms	form	NNS
29364	73	23	of	of	IN
29364	73	24	obligations	obligation	NNS
29364	73	25	are	be	VBP
29364	73	26	which	which	WDT
29364	73	27	bring	bring	VBP
29364	73	28	foreign	foreign	JJ
29364	73	29	exchange	exchange	NN
29364	73	30	into	into	IN
29364	73	31	existence	existence	NN
29364	73	32	.	.	.
29364	74	1	Practically	practically	RB
29364	74	2	all	all	DT
29364	74	3	bills	bill	NNS
29364	74	4	originate	originate	VBP
29364	74	5	from	from	IN
29364	74	6	one	one	CD
29364	74	7	of	of	IN
29364	74	8	the	the	DT
29364	74	9	following	follow	VBG
29364	74	10	causes	cause	NNS
29364	74	11	:	:	:
29364	74	12	1	1	CD
29364	74	13	.	.	.
29364	75	1	Merchandise	merchandise	NN
29364	75	2	has	have	VBZ
29364	75	3	been	be	VBN
29364	75	4	shipped	ship	VBN
29364	75	5	and	and	CC
29364	75	6	the	the	DT
29364	75	7	shipper	shipper	NN
29364	75	8	draws	draw	VBZ
29364	75	9	his	-PRON-	PRP$
29364	75	10	draft	draft	NN
29364	75	11	on	on	IN
29364	75	12	the	the	DT
29364	75	13	buyer	buyer	NN
29364	75	14	or	or	CC
29364	75	15	on	on	IN
29364	75	16	a	a	DT
29364	75	17	bank	bank	NN
29364	75	18	abroad	abroad	RB
29364	75	19	designated	designate	VBN
29364	75	20	by	by	IN
29364	75	21	him	-PRON-	PRP
29364	75	22	.	.	.
29364	76	1	2	2	LS
29364	76	2	.	.	.
29364	77	1	Securities	security	NNS
29364	77	2	have	have	VBP
29364	77	3	been	be	VBN
29364	77	4	sold	sell	VBN
29364	77	5	abroad	abroad	RB
29364	77	6	and	and	CC
29364	77	7	the	the	DT
29364	77	8	seller	seller	NN
29364	77	9	is	be	VBZ
29364	77	10	drawing	draw	VBG
29364	77	11	on	on	IN
29364	77	12	the	the	DT
29364	77	13	buyer	buyer	NN
29364	77	14	for	for	IN
29364	77	15	the	the	DT
29364	77	16	purchase	purchase	NN
29364	77	17	price	price	NN
29364	77	18	.	.	.
29364	78	1	3	3	LS
29364	78	2	.	.	.
29364	79	1	Foreign	foreign	JJ
29364	79	2	money	money	NN
29364	79	3	is	be	VBZ
29364	79	4	being	be	VBG
29364	79	5	loaned	loan	VBN
29364	79	6	in	in	IN
29364	79	7	this	this	DT
29364	79	8	market	market	NN
29364	79	9	,	,	,
29364	79	10	the	the	DT
29364	79	11	operation	operation	NN
29364	79	12	necessitating	necessitate	VBG
29364	79	13	the	the	DT
29364	79	14	drawing	drawing	NN
29364	79	15	of	of	IN
29364	79	16	drafts	draft	NNS
29364	79	17	on	on	IN
29364	79	18	the	the	DT
29364	79	19	lender	lender	NN
29364	79	20	.	.	.
29364	80	1	4	4	LS
29364	80	2	.	.	.
29364	81	1	Finance	finance	NN
29364	81	2	-	-	HYPH
29364	81	3	bills	bill	NNS
29364	81	4	are	be	VBP
29364	81	5	being	be	VBG
29364	81	6	drawn	draw	VBN
29364	81	7	,	,	,
29364	81	8	_	_	NNP
29364	81	9	i.e.	i.e.	FW
29364	81	10	_	_	NNP
29364	81	11	,	,	,
29364	81	12	a	a	DT
29364	81	13	banker	banker	NN
29364	81	14	abroad	abroad	RB
29364	81	15	is	be	VBZ
29364	81	16	allowing	allow	VBG
29364	81	17	a	a	DT
29364	81	18	banker	banker	NN
29364	81	19	here	here	RB
29364	81	20	to	to	TO
29364	81	21	draw	draw	VB
29364	81	22	on	on	IN
29364	81	23	him	-PRON-	PRP
29364	81	24	in	in	IN
29364	81	25	pounds	pound	NNS
29364	81	26	sterling	sterling	NN
29364	81	27	at	at	IN
29364	81	28	60	60	CD
29364	81	29	or	or	CC
29364	81	30	90	90	CD
29364	81	31	days	day	NNS
29364	81	32	'	'	POS
29364	81	33	sight	sight	NN
29364	81	34	in	in	IN
29364	81	35	order	order	NN
29364	81	36	that	that	IN
29364	81	37	the	the	DT
29364	81	38	drawer	drawer	NN
29364	81	39	of	of	IN
29364	81	40	the	the	DT
29364	81	41	drafts	draft	NNS
29364	81	42	may	may	MD
29364	81	43	sell	sell	VB
29364	81	44	them	-PRON-	PRP
29364	81	45	(	(	-LRB-
29364	81	46	for	for	IN
29364	81	47	dollars	dollar	NNS
29364	81	48	)	)	-RRB-
29364	81	49	and	and	CC
29364	81	50	use	use	VB
29364	81	51	the	the	DT
29364	81	52	proceeds	proceed	NNS
29364	81	53	until	until	IN
29364	81	54	the	the	DT
29364	81	55	drafts	draft	NNS
29364	81	56	come	come	VBP
29364	81	57	due	due	JJ
29364	81	58	and	and	CC
29364	81	59	have	have	VB
29364	81	60	to	to	TO
29364	81	61	be	be	VB
29364	81	62	paid	pay	VBN
29364	81	63	.	.	.
29364	82	1	1	1	LS
29364	82	2	.	.	.
29364	83	1	Looking	look	VBG
29364	83	2	at	at	IN
29364	83	3	these	these	DT
29364	83	4	sources	source	NNS
29364	83	5	of	of	IN
29364	83	6	supply	supply	NN
29364	83	7	in	in	IN
29364	83	8	the	the	DT
29364	83	9	order	order	NN
29364	83	10	in	in	IN
29364	83	11	which	which	WDT
29364	83	12	they	-PRON-	PRP
29364	83	13	are	be	VBP
29364	83	14	given	give	VBN
29364	83	15	,	,	,
29364	83	16	it	-PRON-	PRP
29364	83	17	is	be	VBZ
29364	83	18	apparent	apparent	JJ
29364	83	19	,	,	,
29364	83	20	first	first	RB
29364	83	21	,	,	,
29364	83	22	what	what	WP
29364	83	23	a	a	DT
29364	83	24	vast	vast	JJ
29364	83	25	amount	amount	NN
29364	83	26	of	of	IN
29364	83	27	foreign	foreign	JJ
29364	83	28	exchange	exchange	NN
29364	83	29	originates	originate	VBZ
29364	83	30	from	from	IN
29364	83	31	the	the	DT
29364	83	32	direct	direct	JJ
29364	83	33	export	export	NN
29364	83	34	of	of	IN
29364	83	35	merchandise	merchandise	NN
29364	83	36	from	from	IN
29364	83	37	this	this	DT
29364	83	38	country	country	NN
29364	83	39	.	.	.
29364	84	1	Exports	export	NNS
29364	84	2	for	for	IN
29364	84	3	the	the	DT
29364	84	4	period	period	NN
29364	84	5	given	give	VBN
29364	84	6	below	below	RB
29364	84	7	have	have	VBP
29364	84	8	been	be	VBN
29364	84	9	as	as	IN
29364	84	10	follows	follow	VBZ
29364	84	11	:	:	:
29364	84	12	1913	1913	CD
29364	84	13	$	$	$
29364	84	14	2,465,884,000	2,465,884,000	CD
29364	84	15	1912	1912	CD
29364	84	16	2,204,322,000	2,204,322,000	CD
29364	84	17	1911	1911	CD
29364	84	18	2,049,320,000	2,049,320,000	CD
29364	84	19	1910	1910	CD
29364	84	20	1,744,984,000	1,744,984,000	CD
29364	84	21	1909	1909	CD
29364	84	22	1,663,011,000	1,663,011,000	CD
29364	84	23	Not	not	RB
29364	84	24	all	all	DT
29364	84	25	of	of	IN
29364	84	26	this	this	DT
29364	84	27	merchandise	merchandise	NN
29364	84	28	is	be	VBZ
29364	84	29	drawn	draw	VBN
29364	84	30	against	against	IN
29364	84	31	;	;	:
29364	84	32	in	in	IN
29364	84	33	some	some	DT
29364	84	34	cases	case	NNS
29364	84	35	the	the	DT
29364	84	36	buyer	buyer	NN
29364	84	37	abroad	abroad	RB
29364	84	38	chooses	choose	VBZ
29364	84	39	rather	rather	RB
29364	84	40	to	to	TO
29364	84	41	secure	secure	VB
29364	84	42	a	a	DT
29364	84	43	dollar	dollar	NN
29364	84	44	draft	draft	NN
29364	84	45	on	on	IN
29364	84	46	some	some	DT
29364	84	47	American	american	JJ
29364	84	48	bank	bank	NN
29364	84	49	and	and	CC
29364	84	50	to	to	TO
29364	84	51	send	send	VB
29364	84	52	that	that	DT
29364	84	53	in	in	IN
29364	84	54	payment	payment	NN
29364	84	55	.	.	.
29364	85	1	But	but	CC
29364	85	2	in	in	IN
29364	85	3	the	the	DT
29364	85	4	vast	vast	JJ
29364	85	5	majority	majority	NN
29364	85	6	of	of	IN
29364	85	7	cases	case	NNS
29364	85	8	the	the	DT
29364	85	9	regular	regular	JJ
29364	85	10	course	course	NN
29364	85	11	is	be	VBZ
29364	85	12	followed	follow	VBN
29364	85	13	and	and	CC
29364	85	14	the	the	DT
29364	85	15	seller	seller	NN
29364	85	16	here	here	RB
29364	85	17	draws	draw	VBZ
29364	85	18	on	on	IN
29364	85	19	the	the	DT
29364	85	20	buyer	buyer	NN
29364	85	21	there	there	RB
29364	85	22	.	.	.
29364	86	1	There	there	EX
29364	86	2	are	be	VBP
29364	86	3	times	time	NNS
29364	86	4	,	,	,
29364	86	5	therefore	therefore	RB
29364	86	6	,	,	,
29364	86	7	when	when	WRB
29364	86	8	exchange	exchange	NN
29364	86	9	originating	originate	VBG
29364	86	10	from	from	IN
29364	86	11	this	this	DT
29364	86	12	source	source	NN
29364	86	13	is	be	VBZ
29364	86	14	much	much	RB
29364	86	15	more	more	RBR
29364	86	16	plentiful	plentiful	JJ
29364	86	17	than	than	IN
29364	86	18	at	at	IN
29364	86	19	others	other	NNS
29364	86	20	.	.	.
29364	87	1	During	during	IN
29364	87	2	the	the	DT
29364	87	3	last	last	JJ
29364	87	4	quarter	quarter	NN
29364	87	5	of	of	IN
29364	87	6	each	each	DT
29364	87	7	year	year	NN
29364	87	8	,	,	,
29364	87	9	for	for	IN
29364	87	10	instance	instance	NN
29364	87	11	,	,	,
29364	87	12	when	when	WRB
29364	87	13	the	the	DT
29364	87	14	cereal	cereal	NN
29364	87	15	and	and	CC
29364	87	16	cotton	cotton	NN
29364	87	17	crop	crop	NN
29364	87	18	exports	export	NNS
29364	87	19	are	be	VBP
29364	87	20	at	at	IN
29364	87	21	their	-PRON-	PRP$
29364	87	22	height	height	NN
29364	87	23	,	,	,
29364	87	24	exchange	exchange	NN
29364	87	25	comes	come	VBZ
29364	87	26	flooding	flooding	NN
29364	87	27	into	into	IN
29364	87	28	the	the	DT
29364	87	29	New	New	NNP
29364	87	30	York	York	NNP
29364	87	31	market	market	NN
29364	87	32	from	from	IN
29364	87	33	all	all	RB
29364	87	34	over	over	IN
29364	87	35	the	the	DT
29364	87	36	country	country	NN
29364	87	37	,	,	,
29364	87	38	literally	literally	RB
29364	87	39	by	by	IN
29364	87	40	the	the	DT
29364	87	41	hundreds	hundred	NNS
29364	87	42	of	of	IN
29364	87	43	millions	million	NNS
29364	87	44	of	of	IN
29364	87	45	dollars	dollar	NNS
29364	87	46	.	.	.
29364	88	1	The	the	DT
29364	88	2	natural	natural	JJ
29364	88	3	effect	effect	NN
29364	88	4	is	be	VBZ
29364	88	5	to	to	TO
29364	88	6	depress	depress	VB
29364	88	7	rates	rate	NNS
29364	88	8	--	--	:
29364	88	9	sometimes	sometimes	RB
29364	88	10	to	to	IN
29364	88	11	a	a	DT
29364	88	12	point	point	NN
29364	88	13	where	where	WRB
29364	88	14	it	-PRON-	PRP
29364	88	15	becomes	become	VBZ
29364	88	16	possible	possible	JJ
29364	88	17	to	to	TO
29364	88	18	use	use	VB
29364	88	19	the	the	DT
29364	88	20	cheaply	cheaply	RB
29364	88	21	obtainable	obtainable	JJ
29364	88	22	exchange	exchange	NN
29364	88	23	to	to	TO
29364	88	24	buy	buy	VB
29364	88	25	gold	gold	NN
29364	88	26	on	on	IN
29364	88	27	the	the	DT
29364	88	28	other	other	JJ
29364	88	29	side	side	NN
29364	88	30	.	.	.
29364	89	1	In	in	IN
29364	89	2	a	a	DT
29364	89	3	following	follow	VBG
29364	89	4	chapter	chapter	NN
29364	89	5	a	a	DT
29364	89	6	more	more	RBR
29364	89	7	detailed	detailed	JJ
29364	89	8	description	description	NN
29364	89	9	of	of	IN
29364	89	10	the	the	DT
29364	89	11	New	New	NNP
29364	89	12	York	York	NNP
29364	89	13	exchange	exchange	NN
29364	89	14	market	market	NN
29364	89	15	is	be	VBZ
29364	89	16	given	give	VBN
29364	89	17	,	,	,
29364	89	18	but	but	CC
29364	89	19	in	in	IN
29364	89	20	passing	pass	VBG
29364	89	21	,	,	,
29364	89	22	it	-PRON-	PRP
29364	89	23	is	be	VBZ
29364	89	24	well	well	JJ
29364	89	25	to	to	TO
29364	89	26	note	note	VB
29364	89	27	how	how	WRB
29364	89	28	the	the	DT
29364	89	29	whole	whole	JJ
29364	89	30	country	country	NN
29364	89	31	's	's	POS
29364	89	32	supply	supply	NN
29364	89	33	of	of	IN
29364	89	34	commercial	commercial	JJ
29364	89	35	exchange	exchange	NN
29364	89	36	,	,	,
29364	89	37	with	with	IN
29364	89	38	certain	certain	JJ
29364	89	39	exceptions	exception	NNS
29364	89	40	,	,	,
29364	89	41	is	be	VBZ
29364	89	42	focussed	focusse	VBN
29364	89	43	on	on	IN
29364	89	44	New	New	NNP
29364	89	45	York	York	NNP
29364	89	46	.	.	.
29364	90	1	Chicago	Chicago	NNP
29364	90	2	,	,	,
29364	90	3	Philadelphia	Philadelphia	NNP
29364	90	4	,	,	,
29364	90	5	and	and	CC
29364	90	6	one	one	CD
29364	90	7	or	or	CC
29364	90	8	two	two	CD
29364	90	9	other	other	JJ
29364	90	10	large	large	JJ
29364	90	11	cities	city	NNS
29364	90	12	carry	carry	VBP
29364	90	13	on	on	RP
29364	90	14	a	a	DT
29364	90	15	pretty	pretty	RB
29364	90	16	large	large	JJ
29364	90	17	business	business	NN
29364	90	18	in	in	IN
29364	90	19	exchange	exchange	NN
29364	90	20	,	,	,
29364	90	21	independent	independent	JJ
29364	90	22	of	of	IN
29364	90	23	New	New	NNP
29364	90	24	York	York	NNP
29364	90	25	,	,	,
29364	90	26	but	but	CC
29364	90	27	by	by	IN
29364	90	28	far	far	RB
29364	90	29	the	the	DT
29364	90	30	greater	great	JJR
29364	90	31	part	part	NN
29364	90	32	of	of	IN
29364	90	33	the	the	DT
29364	90	34	commercial	commercial	JJ
29364	90	35	exchange	exchange	NN
29364	90	36	originating	originate	VBG
29364	90	37	throughout	throughout	IN
29364	90	38	the	the	DT
29364	90	39	country	country	NN
29364	90	40	finds	find	VBZ
29364	90	41	its	-PRON-	PRP$
29364	90	42	way	way	NN
29364	90	43	to	to	IN
29364	90	44	the	the	DT
29364	90	45	metropolis	metropolis	NN
29364	90	46	.	.	.
29364	91	1	For	for	IN
29364	91	2	in	in	IN
29364	91	3	New	New	NNP
29364	91	4	York	York	NNP
29364	91	5	are	be	VBP
29364	91	6	situated	situate	VBN
29364	91	7	so	so	RB
29364	91	8	many	many	JJ
29364	91	9	banks	bank	NNS
29364	91	10	and	and	CC
29364	91	11	bankers	banker	NNS
29364	91	12	dealing	deal	VBG
29364	91	13	in	in	IN
29364	91	14	bills	bill	NNS
29364	91	15	of	of	IN
29364	91	16	exchange	exchange	NN
29364	91	17	that	that	WDT
29364	91	18	a	a	DT
29364	91	19	close	close	JJ
29364	91	20	market	market	NN
29364	91	21	is	be	VBZ
29364	91	22	always	always	RB
29364	91	23	assured	assure	VBN
29364	91	24	.	.	.
29364	92	1	The	the	DT
29364	92	2	cotton	cotton	NN
29364	92	3	exporter	exporter	NN
29364	92	4	in	in	IN
29364	92	5	Memphis	Memphis	NNP
29364	92	6	can	can	MD
29364	92	7	send	send	VB
29364	92	8	the	the	DT
29364	92	9	bills	bill	NNS
29364	92	10	he	-PRON-	PRP
29364	92	11	has	have	VBZ
29364	92	12	drawn	draw	VBN
29364	92	13	on	on	IN
29364	92	14	London	London	NNP
29364	92	15	or	or	CC
29364	92	16	Liverpool	Liverpool	NNP
29364	92	17	to	to	IN
29364	92	18	his	-PRON-	PRP$
29364	92	19	broker	broker	NN
29364	92	20	in	in	IN
29364	92	21	New	New	NNP
29364	92	22	York	York	NNP
29364	92	23	with	with	IN
29364	92	24	the	the	DT
29364	92	25	fullest	full	JJS
29364	92	26	assurance	assurance	NN
29364	92	27	that	that	IN
29364	92	28	they	-PRON-	PRP
29364	92	29	will	will	MD
29364	92	30	be	be	VB
29364	92	31	sold	sell	VBN
29364	92	32	to	to	IN
29364	92	33	the	the	DT
29364	92	34	bankers	banker	NNS
29364	92	35	at	at	IN
29364	92	36	the	the	DT
29364	92	37	highest	high	JJS
29364	92	38	possible	possible	JJ
29364	92	39	rate	rate	NN
29364	92	40	of	of	IN
29364	92	41	exchange	exchange	NN
29364	92	42	anywhere	anywhere	RB
29364	92	43	obtainable	obtainable	JJ
29364	92	44	.	.	.
29364	93	1	2	2	LS
29364	93	2	.	.	.
29364	94	1	The	the	DT
29364	94	2	second	second	JJ
29364	94	3	source	source	NN
29364	94	4	of	of	IN
29364	94	5	supply	supply	NN
29364	94	6	is	be	VBZ
29364	94	7	in	in	IN
29364	94	8	the	the	DT
29364	94	9	sale	sale	NN
29364	94	10	abroad	abroad	RB
29364	94	11	of	of	IN
29364	94	12	stocks	stock	NNS
29364	94	13	and	and	CC
29364	94	14	bonds	bond	NNS
29364	94	15	.	.	.
29364	95	1	Here	here	RB
29364	95	2	again	again	RB
29364	95	3	it	-PRON-	PRP
29364	95	4	will	will	MD
29364	95	5	be	be	VB
29364	95	6	evident	evident	JJ
29364	95	7	how	how	WRB
29364	95	8	the	the	DT
29364	95	9	supply	supply	NN
29364	95	10	of	of	IN
29364	95	11	bills	bill	NNS
29364	95	12	must	must	MD
29364	95	13	vary	vary	VB
29364	95	14	.	.	.
29364	96	1	There	there	EX
29364	96	2	are	be	VBP
29364	96	3	times	time	NNS
29364	96	4	when	when	WRB
29364	96	5	heavy	heavy	JJ
29364	96	6	flotations	flotation	NNS
29364	96	7	of	of	IN
29364	96	8	bonds	bond	NNS
29364	96	9	are	be	VBP
29364	96	10	being	be	VBG
29364	96	11	made	make	VBN
29364	96	12	here	here	RB
29364	96	13	with	with	IN
29364	96	14	Europe	Europe	NNP
29364	96	15	participating	participate	VBG
29364	96	16	largely	largely	RB
29364	96	17	,	,	,
29364	96	18	at	at	IN
29364	96	19	which	which	WDT
29364	96	20	times	time	NNS
29364	96	21	the	the	DT
29364	96	22	exchange	exchange	NN
29364	96	23	drawn	draw	VBN
29364	96	24	against	against	IN
29364	96	25	the	the	DT
29364	96	26	securities	security	NNS
29364	96	27	placed	place	VBN
29364	96	28	abroad	abroad	RB
29364	96	29	mounts	mount	VBZ
29364	96	30	up	up	RP
29364	96	31	enormously	enormously	RB
29364	96	32	in	in	IN
29364	96	33	volume	volume	NN
29364	96	34	.	.	.
29364	97	1	Then	then	RB
29364	97	2	again	again	RB
29364	97	3	there	there	EX
29364	97	4	are	be	VBP
29364	97	5	times	time	NNS
29364	97	6	when	when	WRB
29364	97	7	London	London	NNP
29364	97	8	and	and	CC
29364	97	9	Paris	Paris	NNP
29364	97	10	and	and	CC
29364	97	11	Berlin	Berlin	NNP
29364	97	12	buy	buy	VBP
29364	97	13	heavily	heavily	RB
29364	97	14	into	into	IN
29364	97	15	our	-PRON-	PRP$
29364	97	16	listed	list	VBN
29364	97	17	shares	share	NNS
29364	97	18	and	and	CC
29364	97	19	when	when	WRB
29364	97	20	every	every	DT
29364	97	21	mail	mail	NN
29364	97	22	finds	find	VBZ
29364	97	23	the	the	DT
29364	97	24	stock	stock	NN
29364	97	25	exchange	exchange	NN
29364	97	26	houses	house	NNS
29364	97	27	here	here	RB
29364	97	28	drawing	draw	VBG
29364	97	29	millions	million	NNS
29364	97	30	of	of	IN
29364	97	31	pounds	pound	NNS
29364	97	32	,	,	,
29364	97	33	marks	mark	NNS
29364	97	34	,	,	,
29364	97	35	and	and	CC
29364	97	36	francs	franc	NNS
29364	97	37	upon	upon	IN
29364	97	38	their	-PRON-	PRP$
29364	97	39	correspondents	correspondent	NNS
29364	97	40	abroad	abroad	RB
29364	97	41	.	.	.
29364	98	1	At	at	IN
29364	98	2	such	such	JJ
29364	98	3	times	time	NNS
29364	98	4	the	the	DT
29364	98	5	supply	supply	NN
29364	98	6	of	of	IN
29364	98	7	bills	bill	NNS
29364	98	8	is	be	VBZ
29364	98	9	apt	apt	JJ
29364	98	10	to	to	TO
29364	98	11	become	become	VB
29364	98	12	very	very	RB
29364	98	13	great	great	JJ
29364	98	14	.	.	.
29364	99	1	Origin	origin	NN
29364	99	2	of	of	IN
29364	99	3	bills	bill	NNS
29364	99	4	from	from	IN
29364	99	5	this	this	DT
29364	99	6	source	source	NN
29364	99	7	,	,	,
29364	99	8	too	too	RB
29364	99	9	,	,	,
29364	99	10	is	be	VBZ
29364	99	11	apt	apt	JJ
29364	99	12	to	to	TO
29364	99	13	exert	exert	VB
29364	99	14	an	an	DT
29364	99	15	important	important	JJ
29364	99	16	influence	influence	NN
29364	99	17	on	on	IN
29364	99	18	rates	rate	NNS
29364	99	19	,	,	,
29364	99	20	in	in	IN
29364	99	21	that	that	IN
29364	99	22	it	-PRON-	PRP
29364	99	23	is	be	VBZ
29364	99	24	often	often	RB
29364	99	25	sudden	sudden	JJ
29364	99	26	and	and	CC
29364	99	27	often	often	RB
29364	99	28	concentrated	concentrate	VBD
29364	99	29	on	on	IN
29364	99	30	a	a	DT
29364	99	31	comparatively	comparatively	RB
29364	99	32	short	short	JJ
29364	99	33	period	period	NN
29364	99	34	of	of	IN
29364	99	35	time	time	NN
29364	99	36	.	.	.
29364	100	1	The	the	DT
29364	100	2	announcement	announcement	NN
29364	100	3	of	of	IN
29364	100	4	a	a	DT
29364	100	5	single	single	JJ
29364	100	6	big	big	JJ
29364	100	7	bond	bond	NN
29364	100	8	issue	issue	NN
29364	100	9	,	,	,
29364	100	10	often	often	RB
29364	100	11	,	,	,
29364	100	12	where	where	WRB
29364	100	13	it	-PRON-	PRP
29364	100	14	is	be	VBZ
29364	100	15	an	an	DT
29364	100	16	assured	assure	VBN
29364	100	17	fact	fact	NN
29364	100	18	that	that	IN
29364	100	19	a	a	DT
29364	100	20	large	large	JJ
29364	100	21	part	part	NN
29364	100	22	of	of	IN
29364	100	23	it	-PRON-	PRP
29364	100	24	will	will	MD
29364	100	25	be	be	VB
29364	100	26	placed	place	VBN
29364	100	27	abroad	abroad	RB
29364	100	28	,	,	,
29364	100	29	is	be	VBZ
29364	100	30	enough	enough	JJ
29364	100	31	to	to	TO
29364	100	32	seriously	seriously	RB
29364	100	33	depress	depress	VB
29364	100	34	the	the	DT
29364	100	35	exchange	exchange	NN
29364	100	36	market	market	NN
29364	100	37	.	.	.
29364	101	1	Bankers	banker	NNS
29364	101	2	know	know	VBP
29364	101	3	that	that	IN
29364	101	4	when	when	WRB
29364	101	5	the	the	DT
29364	101	6	shipping	shipping	NN
29364	101	7	abroad	abroad	RB
29364	101	8	of	of	IN
29364	101	9	the	the	DT
29364	101	10	bonds	bond	NNS
29364	101	11	begins	begin	VBZ
29364	101	12	,	,	,
29364	101	13	large	large	JJ
29364	101	14	amounts	amount	NNS
29364	101	15	of	of	IN
29364	101	16	bills	bill	NNS
29364	101	17	drawn	draw	VBN
29364	101	18	against	against	IN
29364	101	19	them	-PRON-	PRP
29364	101	20	will	will	MD
29364	101	21	be	be	VB
29364	101	22	offered	offer	VBN
29364	101	23	and	and	CC
29364	101	24	that	that	IN
29364	101	25	rates	rate	NNS
29364	101	26	will	will	MD
29364	101	27	in	in	IN
29364	101	28	all	all	DT
29364	101	29	probability	probability	NN
29364	101	30	be	be	VB
29364	101	31	driven	drive	VBN
29364	101	32	down	down	RP
29364	101	33	.	.	.
29364	102	1	Announcements	announcement	NNS
29364	102	2	of	of	IN
29364	102	3	such	such	JJ
29364	102	4	issues	issue	NNS
29364	102	5	,	,	,
29364	102	6	as	as	RB
29364	102	7	well	well	RB
29364	102	8	as	as	IN
29364	102	9	announcements	announcement	NNS
29364	102	10	that	that	IN
29364	102	11	a	a	DT
29364	102	12	block	block	NN
29364	102	13	of	of	IN
29364	102	14	this	this	DT
29364	102	15	or	or	CC
29364	102	16	that	that	DT
29364	102	17	kind	kind	NN
29364	102	18	of	of	IN
29364	102	19	bonds	bond	NNS
29364	102	20	has	have	VBZ
29364	102	21	been	be	VBN
29364	102	22	placed	place	VBN
29364	102	23	abroad	abroad	RB
29364	102	24	with	with	IN
29364	102	25	some	some	DT
29364	102	26	foreign	foreign	JJ
29364	102	27	syndicate	syndicate	NN
29364	102	28	,	,	,
29364	102	29	are	be	VBP
29364	102	30	apt	apt	JJ
29364	102	31	to	to	TO
29364	102	32	come	come	VB
29364	102	33	suddenly	suddenly	RB
29364	102	34	and	and	CC
29364	102	35	often	often	RB
29364	102	36	find	find	VBP
29364	102	37	the	the	DT
29364	102	38	exchange	exchange	NN
29364	102	39	market	market	NN
29364	102	40	unprepared	unprepare	VBD
29364	102	41	.	.	.
29364	103	1	For	for	IN
29364	103	2	the	the	DT
29364	103	3	supply	supply	NN
29364	103	4	of	of	IN
29364	103	5	exchange	exchange	NN
29364	103	6	originated	originate	VBD
29364	103	7	thereby	thereby	RB
29364	103	8	,	,	,
29364	103	9	it	-PRON-	PRP
29364	103	10	must	must	MD
29364	103	11	be	be	VB
29364	103	12	remembered	remember	VBN
29364	103	13	,	,	,
29364	103	14	is	be	VBZ
29364	103	15	not	not	RB
29364	103	16	confined	confine	VBN
29364	103	17	to	to	IN
29364	103	18	the	the	DT
29364	103	19	amount	amount	NN
29364	103	20	actually	actually	RB
29364	103	21	drawn	draw	VBN
29364	103	22	against	against	IN
29364	103	23	bonds	bond	NNS
29364	103	24	sold	sell	VBN
29364	103	25	but	but	CC
29364	103	26	includes	include	VBZ
29364	103	27	also	also	RB
29364	103	28	all	all	PDT
29364	103	29	the	the	DT
29364	103	30	exchange	exchange	NN
29364	103	31	which	which	WDT
29364	103	32	other	other	JJ
29364	103	33	bankers	banker	NNS
29364	103	34	,	,	,
29364	103	35	in	in	IN
29364	103	36	their	-PRON-	PRP$
29364	103	37	anticipation	anticipation	NN
29364	103	38	of	of	IN
29364	103	39	lower	low	JJR
29364	103	40	rates	rate	NNS
29364	103	41	,	,	,
29364	103	42	hasten	hasten	VBP
29364	103	43	to	to	TO
29364	103	44	draw	draw	VB
29364	103	45	.	.	.
29364	104	1	The	the	DT
29364	104	2	exchange	exchange	NN
29364	104	3	market	market	NN
29364	104	4	is	be	VBZ
29364	104	5	,	,	,
29364	104	6	indeed	indeed	RB
29364	104	7	,	,	,
29364	104	8	a	a	DT
29364	104	9	sensitive	sensitive	JJ
29364	104	10	barometer	barometer	NN
29364	104	11	,	,	,
29364	104	12	from	from	IN
29364	104	13	which	which	WDT
29364	104	14	those	those	DT
29364	104	15	who	who	WP
29364	104	16	understand	understand	VBP
29364	104	17	it	-PRON-	PRP
29364	104	18	can	can	MD
29364	104	19	read	read	VB
29364	104	20	all	all	DT
29364	104	21	sorts	sort	NNS
29364	104	22	of	of	IN
29364	104	23	coming	come	VBG
29364	104	24	developments	development	NNS
29364	104	25	.	.	.
29364	105	1	It	-PRON-	PRP
29364	105	2	often	often	RB
29364	105	3	happens	happen	VBZ
29364	105	4	that	that	IN
29364	105	5	buying	buy	VBG
29364	105	6	or	or	CC
29364	105	7	selling	sell	VBG
29364	105	8	movements	movement	NNS
29364	105	9	in	in	IN
29364	105	10	our	-PRON-	PRP$
29364	105	11	securities	security	NNS
29364	105	12	by	by	IN
29364	105	13	the	the	DT
29364	105	14	foreigners	foreigner	NNS
29364	105	15	are	be	VBP
29364	105	16	so	so	RB
29364	105	17	clearly	clearly	RB
29364	105	18	forecasted	forecast	VBN
29364	105	19	by	by	IN
29364	105	20	the	the	DT
29364	105	21	action	action	NN
29364	105	22	of	of	IN
29364	105	23	the	the	DT
29364	105	24	exchange	exchange	NN
29364	105	25	market	market	NN
29364	105	26	that	that	WDT
29364	105	27	bankers	banker	NNS
29364	105	28	here	here	RB
29364	105	29	are	be	VBP
29364	105	30	able	able	JJ
29364	105	31	to	to	TO
29364	105	32	gain	gain	VB
29364	105	33	great	great	JJ
29364	105	34	advantage	advantage	NN
29364	105	35	from	from	IN
29364	105	36	what	what	WP
29364	105	37	they	-PRON-	PRP
29364	105	38	are	be	VBP
29364	105	39	able	able	JJ
29364	105	40	to	to	TO
29364	105	41	foresee	foresee	VB
29364	105	42	.	.	.
29364	106	1	3	3	LS
29364	106	2	.	.	.
29364	107	1	The	the	DT
29364	107	2	third	third	JJ
29364	107	3	great	great	JJ
29364	107	4	source	source	NN
29364	107	5	of	of	IN
29364	107	6	supply	supply	NN
29364	107	7	is	be	VBZ
29364	107	8	in	in	IN
29364	107	9	the	the	DT
29364	107	10	drafts	draft	NNS
29364	107	11	which	which	WDT
29364	107	12	bankers	banker	VBZ
29364	107	13	in	in	IN
29364	107	14	one	one	CD
29364	107	15	country	country	NN
29364	107	16	draw	draw	VBP
29364	107	17	upon	upon	IN
29364	107	18	bankers	banker	NNS
29364	107	19	in	in	IN
29364	107	20	another	another	DT
29364	107	21	in	in	IN
29364	107	22	the	the	DT
29364	107	23	operation	operation	NN
29364	107	24	of	of	IN
29364	107	25	making	make	VBG
29364	107	26	international	international	JJ
29364	107	27	loans	loan	NNS
29364	107	28	.	.	.
29364	108	1	The	the	DT
29364	108	2	mechanism	mechanism	NN
29364	108	3	of	of	IN
29364	108	4	such	such	JJ
29364	108	5	transactions	transaction	NNS
29364	108	6	will	will	MD
29364	108	7	be	be	VB
29364	108	8	treated	treat	VBN
29364	108	9	in	in	IN
29364	108	10	greater	great	JJR
29364	108	11	detail	detail	NN
29364	108	12	later	later	RB
29364	108	13	on	on	RB
29364	108	14	,	,	,
29364	108	15	but	but	CC
29364	108	16	without	without	IN
29364	108	17	any	any	DT
29364	108	18	knowledge	knowledge	NN
29364	108	19	of	of	IN
29364	108	20	the	the	DT
29364	108	21	subject	subject	NN
29364	108	22	whatever	whatever	WDT
29364	108	23	,	,	,
29364	108	24	it	-PRON-	PRP
29364	108	25	is	be	VBZ
29364	108	26	plain	plain	JJ
29364	108	27	that	that	IN
29364	108	28	the	the	DT
29364	108	29	transfer	transfer	NN
29364	108	30	of	of	IN
29364	108	31	banking	banking	NN
29364	108	32	capital	capital	NN
29364	108	33	,	,	,
29364	108	34	say	say	VBP
29364	108	35	from	from	IN
29364	108	36	England	England	NNP
29364	108	37	to	to	IN
29364	108	38	the	the	DT
29364	108	39	United	United	NNP
29364	108	40	States	States	NNP
29364	108	41	,	,	,
29364	108	42	can	can	MD
29364	108	43	best	best	RB
29364	108	44	be	be	VB
29364	108	45	effected	effect	VBN
29364	108	46	by	by	IN
29364	108	47	having	have	VBG
29364	108	48	the	the	DT
29364	108	49	American	american	JJ
29364	108	50	house	house	NN
29364	108	51	draw	draw	VB
29364	108	52	upon	upon	IN
29364	108	53	the	the	DT
29364	108	54	English	english	JJ
29364	108	55	bank	bank	NN
29364	108	56	which	which	WDT
29364	108	57	wants	want	VBZ
29364	108	58	to	to	TO
29364	108	59	lend	lend	VB
29364	108	60	the	the	DT
29364	108	61	money	money	NN
29364	108	62	.	.	.
29364	109	1	In	in	IN
29364	109	2	the	the	DT
29364	109	3	finely	finely	RB
29364	109	4	adjusted	adjust	VBN
29364	109	5	state	state	NN
29364	109	6	of	of	IN
29364	109	7	the	the	DT
29364	109	8	foreign	foreign	JJ
29364	109	9	exchanges	exchange	NNS
29364	109	10	nowadays	nowadays	RB
29364	109	11	,	,	,
29364	109	12	loans	loan	NNS
29364	109	13	are	be	VBP
29364	109	14	continually	continually	RB
29364	109	15	being	be	VBG
29364	109	16	made	make	VBN
29364	109	17	by	by	IN
29364	109	18	bankers	banker	NNS
29364	109	19	in	in	IN
29364	109	20	one	one	CD
29364	109	21	country	country	NN
29364	109	22	to	to	IN
29364	109	23	bankers	banker	NNS
29364	109	24	and	and	CC
29364	109	25	merchants	merchant	NNS
29364	109	26	in	in	IN
29364	109	27	another	another	DT
29364	109	28	.	.	.
29364	110	1	Very	very	RB
29364	110	2	little	little	JJ
29364	110	3	of	of	IN
29364	110	4	the	the	DT
29364	110	5	capital	capital	NN
29364	110	6	so	so	RB
29364	110	7	transferred	transfer	VBN
29364	110	8	goes	go	VBZ
29364	110	9	in	in	IN
29364	110	10	the	the	DT
29364	110	11	form	form	NN
29364	110	12	of	of	IN
29364	110	13	gold	gold	NN
29364	110	14	.	.	.
29364	111	1	A	a	DT
29364	111	2	London	London	NNP
29364	111	3	house	house	NN
29364	111	4	decides	decide	VBZ
29364	111	5	to	to	TO
29364	111	6	loan	loan	NN
29364	111	7	,	,	,
29364	111	8	say	say	VB
29364	111	9	,	,	,
29364	111	10	$	$	$
29364	111	11	100,000	100,000	CD
29364	111	12	in	in	IN
29364	111	13	the	the	DT
29364	111	14	American	american	JJ
29364	111	15	market	market	NN
29364	111	16	.	.	.
29364	112	1	The	the	DT
29364	112	2	terms	term	NNS
29364	112	3	having	have	VBG
29364	112	4	been	be	VBN
29364	112	5	arranged	arrange	VBN
29364	112	6	,	,	,
29364	112	7	the	the	DT
29364	112	8	London	London	NNP
29364	112	9	house	house	NN
29364	112	10	cables	cable	VBZ
29364	112	11	its	-PRON-	PRP$
29364	112	12	New	New	NNP
29364	112	13	York	York	NNP
29364	112	14	correspondent	correspondent	NN
29364	112	15	to	to	TO
29364	112	16	draw	draw	VB
29364	112	17	for	for	IN
29364	112	18	£	£	$
29364	112	19	20,000	20,000	CD
29364	112	20	,	,	,
29364	112	21	at	at	IN
29364	112	22	60	60	CD
29364	112	23	or	or	CC
29364	112	24	90	90	CD
29364	112	25	days	day	NNS
29364	112	26	'	'	POS
29364	112	27	sight	sight	NN
29364	112	28	,	,	,
29364	112	29	as	as	IN
29364	112	30	the	the	DT
29364	112	31	case	case	NN
29364	112	32	may	may	MD
29364	112	33	be	be	VB
29364	112	34	.	.	.
29364	113	1	The	the	DT
29364	113	2	New	New	NNP
29364	113	3	York	York	NNP
29364	113	4	house	house	NN
29364	113	5	,	,	,
29364	113	6	having	have	VBG
29364	113	7	drawn	draw	VBN
29364	113	8	the	the	DT
29364	113	9	draft	draft	NN
29364	113	10	,	,	,
29364	113	11	sells	sell	VBZ
29364	113	12	it	-PRON-	PRP
29364	113	13	in	in	IN
29364	113	14	the	the	DT
29364	113	15	exchange	exchange	NN
29364	113	16	market	market	NN
29364	113	17	,	,	,
29364	113	18	realizing	realize	VBG
29364	113	19	on	on	IN
29364	113	20	it	-PRON-	PRP
29364	113	21	the	the	DT
29364	113	22	$	$	$
29364	113	23	100,000	100,000	CD
29364	113	24	,	,	,
29364	113	25	which	which	WDT
29364	113	26	it	-PRON-	PRP
29364	113	27	then	then	RB
29364	113	28	proceeds	proceed	VBZ
29364	113	29	to	to	TO
29364	113	30	loan	loan	VB
29364	113	31	out	out	RP
29364	113	32	according	accord	VBG
29364	113	33	to	to	IN
29364	113	34	instructions	instruction	NNS
29364	113	35	.	.	.
29364	114	1	The	the	DT
29364	114	2	arranging	arranging	NN
29364	114	3	of	of	IN
29364	114	4	these	these	DT
29364	114	5	loans	loan	NNS
29364	114	6	,	,	,
29364	114	7	it	-PRON-	PRP
29364	114	8	will	will	MD
29364	114	9	be	be	VB
29364	114	10	seen	see	VBN
29364	114	11	,	,	,
29364	114	12	means	mean	VBZ
29364	114	13	the	the	DT
29364	114	14	continuous	continuous	JJ
29364	114	15	creation	creation	NN
29364	114	16	of	of	IN
29364	114	17	very	very	RB
29364	114	18	large	large	JJ
29364	114	19	amounts	amount	NNS
29364	114	20	of	of	IN
29364	114	21	foreign	foreign	JJ
29364	114	22	exchange	exchange	NN
29364	114	23	.	.	.
29364	115	1	As	as	IN
29364	115	2	the	the	DT
29364	115	3	financial	financial	JJ
29364	115	4	relationships	relationship	NNS
29364	115	5	between	between	IN
29364	115	6	our	-PRON-	PRP$
29364	115	7	bankers	banker	NNS
29364	115	8	and	and	CC
29364	115	9	those	those	DT
29364	115	10	of	of	IN
29364	115	11	the	the	DT
29364	115	12	Old	Old	NNP
29364	115	13	World	World	NNP
29364	115	14	have	have	VBP
29364	115	15	been	be	VBN
29364	115	16	developed	develop	VBN
29364	115	17	,	,	,
29364	115	18	it	-PRON-	PRP
29364	115	19	has	have	VBZ
29364	115	20	come	come	VBN
29364	115	21	about	about	IN
29364	115	22	that	that	DT
29364	115	23	European	european	JJ
29364	115	24	money	money	NN
29364	115	25	is	be	VBZ
29364	115	26	being	be	VBG
29364	115	27	put	put	VBN
29364	115	28	out	out	RP
29364	115	29	in	in	IN
29364	115	30	this	this	DT
29364	115	31	market	market	NN
29364	115	32	in	in	IN
29364	115	33	increasing	increase	VBG
29364	115	34	volume	volume	NN
29364	115	35	.	.	.
29364	116	1	Conditions	condition	NNS
29364	116	2	of	of	IN
29364	116	3	money	money	NN
29364	116	4	,	,	,
29364	116	5	discount	discount	NN
29364	116	6	,	,	,
29364	116	7	and	and	CC
29364	116	8	exchange	exchange	NN
29364	116	9	are	be	VBP
29364	116	10	constantly	constantly	RB
29364	116	11	being	be	VBG
29364	116	12	watched	watch	VBN
29364	116	13	for	for	IN
29364	116	14	the	the	DT
29364	116	15	opportunity	opportunity	NN
29364	116	16	to	to	TO
29364	116	17	make	make	VB
29364	116	18	loans	loan	NNS
29364	116	19	on	on	IN
29364	116	20	favorable	favorable	JJ
29364	116	21	terms	term	NNS
29364	116	22	,	,	,
29364	116	23	and	and	CC
29364	116	24	the	the	DT
29364	116	25	aggregate	aggregate	NN
29364	116	26	of	of	IN
29364	116	27	foreign	foreign	JJ
29364	116	28	money	money	NN
29364	116	29	loaned	loan	VBN
29364	116	30	out	out	RP
29364	116	31	here	here	RB
29364	116	32	at	at	IN
29364	116	33	times	time	NNS
29364	116	34	reaches	reach	VBZ
29364	116	35	very	very	RB
29364	116	36	large	large	JJ
29364	116	37	figures	figure	NNS
29364	116	38	.	.	.
29364	117	1	In	in	IN
29364	117	2	1901	1901	CD
29364	117	3	Europe	Europe	NNP
29364	117	4	had	have	VBD
29364	117	5	big	big	JJ
29364	117	6	amounts	amount	NNS
29364	117	7	of	of	IN
29364	117	8	money	money	NN
29364	117	9	outstanding	outstanding	JJ
29364	117	10	in	in	IN
29364	117	11	the	the	DT
29364	117	12	New	New	NNP
29364	117	13	York	York	NNP
29364	117	14	market	market	NN
29364	117	15	,	,	,
29364	117	16	and	and	CC
29364	117	17	again	again	RB
29364	117	18	in	in	IN
29364	117	19	1906	1906	CD
29364	117	20	very	very	RB
29364	117	21	large	large	JJ
29364	117	22	sums	sum	NNS
29364	117	23	of	of	IN
29364	117	24	English	english	JJ
29364	117	25	and	and	CC
29364	117	26	French	french	JJ
29364	117	27	capital	capital	NN
29364	117	28	were	be	VBD
29364	117	29	temporarily	temporarily	RB
29364	117	30	placed	place	VBN
29364	117	31	at	at	IN
29364	117	32	our	-PRON-	PRP$
29364	117	33	disposal	disposal	NN
29364	117	34	.	.	.
29364	118	1	But	but	CC
29364	118	2	in	in	IN
29364	118	3	the	the	DT
29364	118	4	summer	summer	NN
29364	118	5	of	of	IN
29364	118	6	1909	1909	CD
29364	118	7	all	all	DT
29364	118	8	records	record	NNS
29364	118	9	were	be	VBD
29364	118	10	surpassed	surpass	VBN
29364	118	11	,	,	,
29364	118	12	American	american	JJ
29364	118	13	borrowings	borrowing	NNS
29364	118	14	in	in	IN
29364	118	15	London	London	NNP
29364	118	16	and	and	CC
29364	118	17	Paris	Paris	NNP
29364	118	18	footing	foot	VBG
29364	118	19	up	up	RP
29364	118	20	to	to	IN
29364	118	21	at	at	RB
29364	118	22	least	least	RBS
29364	118	23	half	half	PDT
29364	118	24	a	a	DT
29364	118	25	billion	billion	CD
29364	118	26	dollars	dollar	NNS
29364	118	27	.	.	.
29364	119	1	Such	such	JJ
29364	119	2	loans	loan	NNS
29364	119	3	,	,	,
29364	119	4	running	run	VBG
29364	119	5	only	only	RB
29364	119	6	a	a	DT
29364	119	7	couple	couple	NN
29364	119	8	of	of	IN
29364	119	9	months	month	NNS
29364	119	10	on	on	IN
29364	119	11	the	the	DT
29364	119	12	average	average	NN
29364	119	13	and	and	CC
29364	119	14	then	then	RB
29364	119	15	being	be	VBG
29364	119	16	sometimes	sometimes	RB
29364	119	17	paid	pay	VBN
29364	119	18	off	off	RP
29364	119	19	,	,	,
29364	119	20	but	but	CC
29364	119	21	more	more	RBR
29364	119	22	often	often	RB
29364	119	23	shifted	shift	VBD
29364	119	24	about	about	RB
29364	119	25	or	or	CC
29364	119	26	renewed	renew	VBN
29364	119	27	,	,	,
29364	119	28	give	give	VB
29364	119	29	rise	rise	NN
29364	119	30	to	to	IN
29364	119	31	the	the	DT
29364	119	32	drawing	drawing	NN
29364	119	33	of	of	IN
29364	119	34	immense	immense	JJ
29364	119	35	amounts	amount	NNS
29364	119	36	of	of	IN
29364	119	37	foreign	foreign	JJ
29364	119	38	exchange	exchange	NN
29364	119	39	.	.	.
29364	120	1	4	4	LS
29364	120	2	.	.	.
29364	121	1	Drawing	draw	VBG
29364	121	2	of	of	IN
29364	121	3	so	so	RB
29364	121	4	-	-	HYPH
29364	121	5	called	call	VBN
29364	121	6	"	"	``
29364	121	7	finance	finance	NN
29364	121	8	-	-	HYPH
29364	121	9	bills	bill	NNS
29364	121	10	,	,	,
29364	121	11	"	"	''
29364	121	12	of	of	IN
29364	121	13	which	which	WDT
29364	121	14	a	a	DT
29364	121	15	complete	complete	JJ
29364	121	16	description	description	NN
29364	121	17	will	will	MD
29364	121	18	be	be	VB
29364	121	19	found	find	VBN
29364	121	20	in	in	IN
29364	121	21	chapters	chapter	NNS
29364	121	22	IV	IV	NNP
29364	121	23	and	and	CC
29364	121	24	VI	VI	NNP
29364	121	25	,	,	,
29364	121	26	is	be	VBZ
29364	121	27	the	the	DT
29364	121	28	fourth	fourth	JJ
29364	121	29	source	source	NN
29364	121	30	whence	whence	,
29364	121	31	foreign	foreign	JJ
29364	121	32	exchange	exchange	NN
29364	121	33	originates	originate	VBZ
29364	121	34	.	.	.
29364	122	1	Whenever	whenever	WRB
29364	122	2	money	money	NN
29364	122	3	rates	rate	NNS
29364	122	4	become	become	VBP
29364	122	5	decidedly	decidedly	RB
29364	122	6	higher	high	JJR
29364	122	7	in	in	IN
29364	122	8	one	one	CD
29364	122	9	of	of	IN
29364	122	10	the	the	DT
29364	122	11	great	great	JJ
29364	122	12	markets	market	NNS
29364	122	13	than	than	IN
29364	122	14	in	in	IN
29364	122	15	the	the	DT
29364	122	16	others	other	NNS
29364	122	17	,	,	,
29364	122	18	bankers	banker	NNS
29364	122	19	at	at	IN
29364	122	20	that	that	DT
29364	122	21	point	point	NN
29364	122	22	who	who	WP
29364	122	23	have	have	VBP
29364	122	24	the	the	DT
29364	122	25	requisite	requisite	JJ
29364	122	26	facilities	facility	NNS
29364	122	27	and	and	CC
29364	122	28	credit	credit	NN
29364	122	29	,	,	,
29364	122	30	arrange	arrange	VBP
29364	122	31	with	with	IN
29364	122	32	bankers	banker	NNS
29364	122	33	in	in	IN
29364	122	34	other	other	JJ
29364	122	35	markets	market	NNS
29364	122	36	to	to	TO
29364	122	37	allow	allow	VB
29364	122	38	them	-PRON-	PRP
29364	122	39	(	(	-LRB-
29364	122	40	the	the	DT
29364	122	41	bankers	banker	NNS
29364	122	42	at	at	IN
29364	122	43	the	the	DT
29364	122	44	point	point	NN
29364	122	45	where	where	WRB
29364	122	46	money	money	NN
29364	122	47	is	be	VBZ
29364	122	48	high	high	JJ
29364	122	49	)	)	-RRB-
29364	122	50	to	to	TO
29364	122	51	draw	draw	VB
29364	122	52	60	60	CD
29364	122	53	or	or	CC
29364	122	54	90	90	CD
29364	122	55	days	day	NNS
29364	122	56	'	'	POS
29364	122	57	sight	sight	NN
29364	122	58	bills	bill	NNS
29364	122	59	.	.	.
29364	123	1	These	these	DT
29364	123	2	bills	bill	NNS
29364	123	3	can	can	MD
29364	123	4	then	then	RB
29364	123	5	be	be	VB
29364	123	6	disposed	dispose	VBN
29364	123	7	of	of	IN
29364	123	8	in	in	IN
29364	123	9	the	the	DT
29364	123	10	exchange	exchange	NN
29364	123	11	market	market	NN
29364	123	12	,	,	,
29364	123	13	dollars	dollar	NNS
29364	123	14	being	be	VBG
29364	123	15	realized	realize	VBN
29364	123	16	on	on	IN
29364	123	17	them	-PRON-	PRP
29364	123	18	,	,	,
29364	123	19	which	which	WDT
29364	123	20	can	can	MD
29364	123	21	then	then	RB
29364	123	22	be	be	VB
29364	123	23	loaned	loan	VBN
29364	123	24	out	out	RP
29364	123	25	during	during	IN
29364	123	26	the	the	DT
29364	123	27	whole	whole	JJ
29364	123	28	life	life	NN
29364	123	29	of	of	IN
29364	123	30	the	the	DT
29364	123	31	bills	bill	NNS
29364	123	32	.	.	.
29364	124	1	The	the	DT
29364	124	2	advantages	advantage	NNS
29364	124	3	or	or	CC
29364	124	4	dangers	danger	NNS
29364	124	5	of	of	IN
29364	124	6	such	such	PDT
29364	124	7	an	an	DT
29364	124	8	operation	operation	NN
29364	124	9	will	will	MD
29364	124	10	not	not	RB
29364	124	11	be	be	VB
29364	124	12	touched	touch	VBN
29364	124	13	upon	upon	IN
29364	124	14	here	here	RB
29364	124	15	,	,	,
29364	124	16	the	the	DT
29364	124	17	purpose	purpose	NN
29364	124	18	of	of	IN
29364	124	19	this	this	DT
29364	124	20	chapter	chapter	NN
29364	124	21	being	be	VBG
29364	124	22	merely	merely	RB
29364	124	23	to	to	TO
29364	124	24	set	set	VB
29364	124	25	forth	forth	RP
29364	124	26	clearly	clearly	RB
29364	124	27	the	the	DT
29364	124	28	sources	source	NNS
29364	124	29	from	from	IN
29364	124	30	which	which	WDT
29364	124	31	foreign	foreign	JJ
29364	124	32	exchange	exchange	NN
29364	124	33	originates	originate	VBZ
29364	124	34	.	.	.
29364	125	1	And	and	CC
29364	125	2	when	when	WRB
29364	125	3	money	money	NN
29364	125	4	is	be	VBZ
29364	125	5	decidedly	decidedly	RB
29364	125	6	higher	high	JJR
29364	125	7	in	in	IN
29364	125	8	New	New	NNP
29364	125	9	York	York	NNP
29364	125	10	than	than	IN
29364	125	11	in	in	IN
29364	125	12	London	London	NNP
29364	125	13	an	an	DT
29364	125	14	immense	immense	JJ
29364	125	15	volume	volume	NN
29364	125	16	of	of	IN
29364	125	17	foreign	foreign	JJ
29364	125	18	exchange	exchange	NN
29364	125	19	does	do	VBZ
29364	125	20	originate	originate	VB
29364	125	21	from	from	IN
29364	125	22	this	this	DT
29364	125	23	source	source	NN
29364	125	24	.	.	.
29364	126	1	A	a	DT
29364	126	2	number	number	NN
29364	126	3	of	of	IN
29364	126	4	firms	firm	NNS
29364	126	5	and	and	CC
29364	126	6	banks	bank	NNS
29364	126	7	,	,	,
29364	126	8	with	with	IN
29364	126	9	either	either	CC
29364	126	10	their	-PRON-	PRP$
29364	126	11	own	own	JJ
29364	126	12	branches	branch	NNS
29364	126	13	in	in	IN
29364	126	14	London	London	NNP
29364	126	15	or	or	CC
29364	126	16	with	with	IN
29364	126	17	correspondents	correspondent	NNS
29364	126	18	there	there	RB
29364	126	19	to	to	IN
29364	126	20	whom	whom	WP
29364	126	21	they	-PRON-	PRP
29364	126	22	stand	stand	VBP
29364	126	23	very	very	RB
29364	126	24	close	close	RB
29364	126	25	,	,	,
29364	126	26	are	be	VBP
29364	126	27	in	in	IN
29364	126	28	a	a	DT
29364	126	29	position	position	NN
29364	126	30	where	where	WRB
29364	126	31	they	-PRON-	PRP
29364	126	32	can	can	MD
29364	126	33	draw	draw	VB
29364	126	34	very	very	RB
29364	126	35	large	large	JJ
29364	126	36	amounts	amount	NNS
29364	126	37	of	of	IN
29364	126	38	finance	finance	NN
29364	126	39	bills	bill	NNS
29364	126	40	whenever	whenever	WRB
29364	126	41	they	-PRON-	PRP
29364	126	42	deem	deem	VBP
29364	126	43	it	-PRON-	PRP
29364	126	44	profitable	profitable	JJ
29364	126	45	and	and	CC
29364	126	46	expedient	expedient	JJ
29364	126	47	to	to	TO
29364	126	48	do	do	VB
29364	126	49	so	so	RB
29364	126	50	.	.	.
29364	127	1	Eventually	eventually	RB
29364	127	2	,	,	,
29364	127	3	of	of	IN
29364	127	4	course	course	NN
29364	127	5	,	,	,
29364	127	6	these	these	DT
29364	127	7	60	60	CD
29364	127	8	and	and	CC
29364	127	9	90	90	CD
29364	127	10	day	day	NN
29364	127	11	bills	bill	NNS
29364	127	12	come	come	VBP
29364	127	13	due	due	JJ
29364	127	14	and	and	CC
29364	127	15	have	have	VB
29364	127	16	to	to	TO
29364	127	17	be	be	VB
29364	127	18	settled	settle	VBN
29364	127	19	by	by	IN
29364	127	20	remittances	remittance	NNS
29364	127	21	of	of	IN
29364	127	22	demand	demand	NN
29364	127	23	exchange	exchange	NN
29364	127	24	,	,	,
29364	127	25	but	but	CC
29364	127	26	in	in	IN
29364	127	27	the	the	DT
29364	127	28	meantime	meantime	NN
29364	127	29	the	the	DT
29364	127	30	house	house	NN
29364	127	31	which	which	WDT
29364	127	32	drew	draw	VBD
29364	127	33	them	-PRON-	PRP
29364	127	34	will	will	MD
29364	127	35	have	have	VB
29364	127	36	had	have	VBN
29364	127	37	the	the	DT
29364	127	38	unrestricted	unrestricted	JJ
29364	127	39	use	use	NN
29364	127	40	of	of	IN
29364	127	41	the	the	DT
29364	127	42	money	money	NN
29364	127	43	.	.	.
29364	128	1	In	in	IN
29364	128	2	a	a	DT
29364	128	3	market	market	NN
29364	128	4	like	like	IN
29364	128	5	New	New	NNP
29364	128	6	York	York	NNP
29364	128	7	this	this	DT
29364	128	8	is	be	VBZ
29364	128	9	only	only	RB
29364	128	10	too	too	RB
29364	128	11	often	often	RB
29364	128	12	a	a	DT
29364	128	13	prime	prime	JJ
29364	128	14	consideration	consideration	NN
29364	128	15	.	.	.
29364	129	1	With	with	IN
29364	129	2	money	money	NN
29364	129	3	rates	rate	NNS
29364	129	4	soaring	soar	VBG
29364	129	5	as	as	IN
29364	129	6	they	-PRON-	PRP
29364	129	7	do	do	VBP
29364	129	8	so	so	RB
29364	129	9	frequently	frequently	RB
29364	129	10	here	here	RB
29364	129	11	,	,	,
29364	129	12	a	a	DT
29364	129	13	banker	banker	NN
29364	129	14	can	can	MD
29364	129	15	pay	pay	VB
29364	129	16	almost	almost	RB
29364	129	17	any	any	DT
29364	129	18	commission	commission	NN
29364	129	19	his	-PRON-	PRP$
29364	129	20	correspondent	correspondent	NN
29364	129	21	abroad	abroad	RB
29364	129	22	demands	demand	VBZ
29364	129	23	and	and	CC
29364	129	24	still	still	RB
29364	129	25	come	come	VB
29364	129	26	out	out	RP
29364	129	27	ahead	ahead	RB
29364	129	28	on	on	IN
29364	129	29	the	the	DT
29364	129	30	transaction	transaction	NN
29364	129	31	.	.	.
29364	130	1	These	these	DT
29364	130	2	are	be	VBP
29364	130	3	the	the	DT
29364	130	4	principal	principal	JJ
29364	130	5	sources	source	NNS
29364	130	6	from	from	IN
29364	130	7	which	which	WDT
29364	130	8	foreign	foreign	JJ
29364	130	9	exchange	exchange	NN
29364	130	10	originates	originate	VBZ
29364	130	11	--	--	:
29364	130	12	shipments	shipment	NNS
29364	130	13	of	of	IN
29364	130	14	merchandise	merchandise	NN
29364	130	15	,	,	,
29364	130	16	sales	sale	NNS
29364	130	17	abroad	abroad	RB
29364	130	18	of	of	IN
29364	130	19	securities	security	NNS
29364	130	20	,	,	,
29364	130	21	transfer	transfer	NN
29364	130	22	of	of	IN
29364	130	23	foreign	foreign	JJ
29364	130	24	banking	banking	NN
29364	130	25	capital	capital	NN
29364	130	26	to	to	IN
29364	130	27	this	this	DT
29364	130	28	side	side	NN
29364	130	29	,	,	,
29364	130	30	sale	sale	NN
29364	130	31	of	of	IN
29364	130	32	finance	finance	NN
29364	130	33	-	-	HYPH
29364	130	34	bills	bill	NNS
29364	130	35	.	.	.
29364	131	1	Other	other	JJ
29364	131	2	causes	cause	NNS
29364	131	3	of	of	IN
29364	131	4	less	less	JJR
29364	131	5	importance	importance	NN
29364	131	6	--	--	:
29364	131	7	interest	interest	NN
29364	131	8	and	and	CC
29364	131	9	profits	profit	NNS
29364	131	10	on	on	IN
29364	131	11	American	american	JJ
29364	131	12	capital	capital	NN
29364	131	13	invested	invest	VBN
29364	131	14	in	in	IN
29364	131	15	Europe	Europe	NNP
29364	131	16	,	,	,
29364	131	17	for	for	IN
29364	131	18	instance	instance	NN
29364	131	19	--	--	:
29364	131	20	are	be	VBP
29364	131	21	responsible	responsible	JJ
29364	131	22	for	for	IN
29364	131	23	the	the	DT
29364	131	24	existence	existence	NN
29364	131	25	of	of	IN
29364	131	26	some	some	DT
29364	131	27	quantity	quantity	NN
29364	131	28	of	of	IN
29364	131	29	exchange	exchange	NN
29364	131	30	,	,	,
29364	131	31	but	but	CC
29364	131	32	the	the	DT
29364	131	33	great	great	JJ
29364	131	34	bulk	bulk	NN
29364	131	35	of	of	IN
29364	131	36	it	-PRON-	PRP
29364	131	37	originates	originate	VBZ
29364	131	38	from	from	IN
29364	131	39	one	one	CD
29364	131	40	of	of	IN
29364	131	41	the	the	DT
29364	131	42	four	four	CD
29364	131	43	sources	source	NNS
29364	131	44	above	above	RB
29364	131	45	set	set	VBD
29364	131	46	forth	forth	RB
29364	131	47	.	.	.
29364	132	1	In	in	IN
29364	132	2	the	the	DT
29364	132	3	next	next	JJ
29364	132	4	chapter	chapter	NN
29364	132	5	effort	effort	NN
29364	132	6	will	will	MD
29364	132	7	be	be	VB
29364	132	8	made	make	VBN
29364	132	9	to	to	TO
29364	132	10	show	show	VB
29364	132	11	whence	whence	NN
29364	132	12	arises	arise	VBZ
29364	132	13	the	the	DT
29364	132	14	demand	demand	NN
29364	132	15	which	which	WDT
29364	132	16	pretty	pretty	RB
29364	132	17	effectually	effectually	RB
29364	132	18	absorbs	absorb	VBZ
29364	132	19	all	all	PDT
29364	132	20	the	the	DT
29364	132	21	supply	supply	NN
29364	132	22	of	of	IN
29364	132	23	exchange	exchange	NN
29364	132	24	produced	produce	VBN
29364	132	25	each	each	DT
29364	132	26	year	year	NN
29364	132	27	.	.	.
29364	133	1	CHAPTER	CHAPTER	NNP
29364	133	2	II	II	NNP
29364	133	3	THE	the	DT
29364	133	4	DEMAND	demand	NN
29364	133	5	FOR	for	IN
29364	133	6	BILLS	bill	NNS
29364	133	7	OF	of	IN
29364	133	8	EXCHANGE	EXCHANGE	NNP
29364	133	9	Turning	turn	VBG
29364	133	10	now	now	RB
29364	133	11	to	to	IN
29364	133	12	consideration	consideration	NN
29364	133	13	of	of	IN
29364	133	14	the	the	DT
29364	133	15	various	various	JJ
29364	133	16	sources	source	NNS
29364	133	17	from	from	IN
29364	133	18	which	which	WDT
29364	133	19	springs	spring	NNS
29364	133	20	the	the	DT
29364	133	21	demand	demand	NN
29364	133	22	for	for	IN
29364	133	23	foreign	foreign	JJ
29364	133	24	exchange	exchange	NN
29364	133	25	,	,	,
29364	133	26	it	-PRON-	PRP
29364	133	27	appears	appear	VBZ
29364	133	28	that	that	IN
29364	133	29	they	-PRON-	PRP
29364	133	30	can	can	MD
29364	133	31	be	be	VB
29364	133	32	divided	divide	VBN
29364	133	33	about	about	IN
29364	133	34	as	as	IN
29364	133	35	follows	follow	VBZ
29364	133	36	:	:	:
29364	133	37	1	1	CD
29364	133	38	.	.	.
29364	134	1	The	the	DT
29364	134	2	need	need	NN
29364	134	3	for	for	IN
29364	134	4	exchange	exchange	NN
29364	134	5	with	with	IN
29364	134	6	which	which	WDT
29364	134	7	to	to	TO
29364	134	8	pay	pay	VB
29364	134	9	for	for	IN
29364	134	10	imports	import	NNS
29364	134	11	of	of	IN
29364	134	12	merchandise	merchandise	NN
29364	134	13	.	.	.
29364	135	1	2	2	LS
29364	135	2	.	.	.
29364	136	1	The	the	DT
29364	136	2	need	need	NN
29364	136	3	for	for	IN
29364	136	4	exchange	exchange	NN
29364	136	5	with	with	IN
29364	136	6	which	which	WDT
29364	136	7	to	to	TO
29364	136	8	pay	pay	VB
29364	136	9	for	for	IN
29364	136	10	securities	security	NNS
29364	136	11	(	(	-LRB-
29364	136	12	American	american	JJ
29364	136	13	or	or	CC
29364	136	14	foreign	foreign	JJ
29364	136	15	)	)	-RRB-
29364	136	16	purchased	purchase	VBN
29364	136	17	by	by	IN
29364	136	18	us	-PRON-	PRP
29364	136	19	in	in	IN
29364	136	20	Europe	Europe	NNP
29364	136	21	.	.	.
29364	137	1	3	3	LS
29364	137	2	.	.	.
29364	138	1	The	the	DT
29364	138	2	necessity	necessity	NN
29364	138	3	of	of	IN
29364	138	4	remitting	remit	VBG
29364	138	5	abroad	abroad	RB
29364	138	6	the	the	DT
29364	138	7	interest	interest	NN
29364	138	8	and	and	CC
29364	138	9	dividends	dividend	NNS
29364	138	10	on	on	IN
29364	138	11	the	the	DT
29364	138	12	huge	huge	JJ
29364	138	13	sums	sum	NNS
29364	138	14	of	of	IN
29364	138	15	foreign	foreign	JJ
29364	138	16	capital	capital	NN
29364	138	17	invested	invest	VBN
29364	138	18	here	here	RB
29364	138	19	,	,	,
29364	138	20	and	and	CC
29364	138	21	the	the	DT
29364	138	22	money	money	NN
29364	138	23	which	which	WDT
29364	138	24	foreigners	foreigner	NNS
29364	138	25	domiciled	domicile	VBD
29364	138	26	in	in	IN
29364	138	27	this	this	DT
29364	138	28	country	country	NN
29364	138	29	are	be	VBP
29364	138	30	continually	continually	RB
29364	138	31	sending	send	VBG
29364	138	32	home	home	RB
29364	138	33	.	.	.
29364	139	1	4	4	LS
29364	139	2	.	.	.
29364	140	1	The	the	DT
29364	140	2	necessity	necessity	NN
29364	140	3	of	of	IN
29364	140	4	remitting	remit	VBG
29364	140	5	abroad	abroad	RB
29364	140	6	freight	freight	NN
29364	140	7	and	and	CC
29364	140	8	insurance	insurance	NN
29364	140	9	money	money	NN
29364	140	10	earned	earn	VBN
29364	140	11	here	here	RB
29364	140	12	by	by	IN
29364	140	13	foreign	foreign	JJ
29364	140	14	companies	company	NNS
29364	140	15	.	.	.
29364	141	1	5	5	CD
29364	141	2	.	.	.
29364	142	1	Money	money	NN
29364	142	2	to	to	TO
29364	142	3	cover	cover	VB
29364	142	4	American	american	JJ
29364	142	5	tourists	tourist	NNS
29364	142	6	'	'	POS
29364	142	7	disbursements	disbursement	NNS
29364	142	8	and	and	CC
29364	142	9	expenses	expense	NNS
29364	142	10	of	of	IN
29364	142	11	wealthy	wealthy	JJ
29364	142	12	Americans	Americans	NNPS
29364	142	13	living	live	VBG
29364	142	14	abroad	abroad	RB
29364	142	15	.	.	.
29364	143	1	6	6	CD
29364	143	2	.	.	.
29364	144	1	The	the	DT
29364	144	2	need	need	NN
29364	144	3	for	for	IN
29364	144	4	exchange	exchange	NN
29364	144	5	with	with	IN
29364	144	6	which	which	WDT
29364	144	7	to	to	TO
29364	144	8	pay	pay	VB
29364	144	9	off	off	RP
29364	144	10	maturing	mature	VBG
29364	144	11	foreign	foreign	JJ
29364	144	12	short	short	JJ
29364	144	13	-	-	HYPH
29364	144	14	loans	loan	NNS
29364	144	15	and	and	CC
29364	144	16	finance	finance	NN
29364	144	17	-	-	HYPH
29364	144	18	bills	bill	NNS
29364	144	19	.	.	.
29364	145	1	1	1	LS
29364	145	2	.	.	.
29364	146	1	Payment	payment	NN
29364	146	2	for	for	IN
29364	146	3	merchandise	merchandise	NN
29364	146	4	imported	import	VBN
29364	146	5	constitutes	constitute	NNS
29364	146	6	probably	probably	RB
29364	146	7	the	the	DT
29364	146	8	most	most	RBS
29364	146	9	important	important	JJ
29364	146	10	source	source	NN
29364	146	11	of	of	IN
29364	146	12	demand	demand	NN
29364	146	13	for	for	IN
29364	146	14	foreign	foreign	JJ
29364	146	15	exchange	exchange	NN
29364	146	16	.	.	.
29364	147	1	Merchandise	merchandise	NN
29364	147	2	brought	bring	VBD
29364	147	3	into	into	IN
29364	147	4	the	the	DT
29364	147	5	country	country	NN
29364	147	6	for	for	IN
29364	147	7	the	the	DT
29364	147	8	period	period	NN
29364	147	9	given	give	VBN
29364	147	10	herewith	herewith	NNP
29364	147	11	has	have	VBZ
29364	147	12	been	be	VBN
29364	147	13	valued	value	VBN
29364	147	14	as	as	IN
29364	147	15	follows	follow	VBZ
29364	147	16	:	:	:
29364	147	17	1913	1913	CD
29364	147	18	$	$	$
29364	147	19	1,813,008,000	1,813,008,000	CD
29364	147	20	1912	1912	CD
29364	147	21	1,653,264,000	1,653,264,000	CD
29364	147	22	1911	1911	CD
29364	147	23	1,527,226,000	1,527,226,000	CD
29364	147	24	1910	1910	CD
29364	147	25	1,556,947,000	1,556,947,000	CD
29364	147	26	1909	1909	CD
29364	147	27	1,311,920,000	1,311,920,000	CD
29364	147	28	Practically	practically	RB
29364	147	29	the	the	DT
29364	147	30	whole	whole	JJ
29364	147	31	amount	amount	NN
29364	147	32	of	of	IN
29364	147	33	these	these	DT
29364	147	34	huge	huge	JJ
29364	147	35	importations	importation	NNS
29364	147	36	has	have	VBZ
29364	147	37	had	have	VBN
29364	147	38	to	to	TO
29364	147	39	be	be	VB
29364	147	40	paid	pay	VBN
29364	147	41	for	for	IN
29364	147	42	with	with	IN
29364	147	43	bills	bill	NNS
29364	147	44	of	of	IN
29364	147	45	exchange	exchange	NN
29364	147	46	.	.	.
29364	148	1	Whether	whether	IN
29364	148	2	the	the	DT
29364	148	3	merchandise	merchandise	NN
29364	148	4	in	in	IN
29364	148	5	question	question	NN
29364	148	6	is	be	VBZ
29364	148	7	cutlery	cutlery	NN
29364	148	8	manufactured	manufacture	VBN
29364	148	9	in	in	IN
29364	148	10	England	England	NNP
29364	148	11	or	or	CC
29364	148	12	coffee	coffee	NN
29364	148	13	grown	grow	VBN
29364	148	14	in	in	IN
29364	148	15	Brazil	Brazil	NNP
29364	148	16	,	,	,
29364	148	17	the	the	DT
29364	148	18	chances	chance	NNS
29364	148	19	are	be	VBP
29364	148	20	it	-PRON-	PRP
29364	148	21	will	will	MD
29364	148	22	be	be	VB
29364	148	23	paid	pay	VBN
29364	148	24	for	for	IN
29364	148	25	(	(	-LRB-
29364	148	26	under	under	IN
29364	148	27	a	a	DT
29364	148	28	system	system	NN
29364	148	29	to	to	TO
29364	148	30	be	be	VB
29364	148	31	described	describe	VBN
29364	148	32	hereafter	hereafter	RB
29364	148	33	)	)	-RRB-
29364	148	34	by	by	IN
29364	148	35	a	a	DT
29364	148	36	bill	bill	NN
29364	148	37	of	of	IN
29364	148	38	exchange	exchange	NN
29364	148	39	drawn	draw	VBN
29364	148	40	on	on	IN
29364	148	41	London	London	NNP
29364	148	42	or	or	CC
29364	148	43	some	some	DT
29364	148	44	other	other	JJ
29364	148	45	great	great	JJ
29364	148	46	European	european	JJ
29364	148	47	financial	financial	JJ
29364	148	48	center	center	NN
29364	148	49	.	.	.
29364	149	1	From	from	IN
29364	149	2	one	one	CD
29364	149	3	year	year	NN
29364	149	4	's	's	POS
29364	149	5	end	end	NN
29364	149	6	to	to	IN
29364	149	7	the	the	DT
29364	149	8	other	other	JJ
29364	149	9	there	there	EX
29364	149	10	is	be	VBZ
29364	149	11	constantly	constantly	RB
29364	149	12	this	this	DT
29364	149	13	demand	demand	NN
29364	149	14	for	for	IN
29364	149	15	bills	bill	NNS
29364	149	16	with	with	IN
29364	149	17	which	which	WDT
29364	149	18	to	to	TO
29364	149	19	pay	pay	VB
29364	149	20	for	for	IN
29364	149	21	merchandise	merchandise	NN
29364	149	22	brought	bring	VBN
29364	149	23	into	into	IN
29364	149	24	the	the	DT
29364	149	25	country	country	NN
29364	149	26	.	.	.
29364	150	1	As	as	IN
29364	150	2	in	in	IN
29364	150	3	the	the	DT
29364	150	4	case	case	NN
29364	150	5	of	of	IN
29364	150	6	exports	export	NNS
29364	150	7	,	,	,
29364	150	8	which	which	WDT
29364	150	9	are	be	VBP
29364	150	10	largest	large	JJS
29364	150	11	in	in	IN
29364	150	12	the	the	DT
29364	150	13	Fall	Fall	NNP
29364	150	14	,	,	,
29364	150	15	there	there	EX
29364	150	16	is	be	VBZ
29364	150	17	much	much	RB
29364	150	18	more	more	JJR
29364	150	19	of	of	IN
29364	150	20	a	a	DT
29364	150	21	demand	demand	NN
29364	150	22	for	for	IN
29364	150	23	exchange	exchange	NN
29364	150	24	with	with	IN
29364	150	25	which	which	WDT
29364	150	26	to	to	TO
29364	150	27	pay	pay	VB
29364	150	28	for	for	IN
29364	150	29	imports	import	NNS
29364	150	30	at	at	IN
29364	150	31	certain	certain	JJ
29364	150	32	times	time	NNS
29364	150	33	of	of	IN
29364	150	34	the	the	DT
29364	150	35	year	year	NN
29364	150	36	than	than	IN
29364	150	37	at	at	IN
29364	150	38	others	other	NNS
29364	150	39	,	,	,
29364	150	40	but	but	CC
29364	150	41	at	at	IN
29364	150	42	all	all	DT
29364	150	43	times	time	NNS
29364	150	44	merchandise	merchandise	NN
29364	150	45	in	in	IN
29364	150	46	quantity	quantity	NN
29364	150	47	is	be	VBZ
29364	150	48	coming	come	VBG
29364	150	49	into	into	IN
29364	150	50	the	the	DT
29364	150	51	country	country	NN
29364	150	52	and	and	CC
29364	150	53	must	must	MD
29364	150	54	be	be	VB
29364	150	55	paid	pay	VBN
29364	150	56	for	for	IN
29364	150	57	with	with	IN
29364	150	58	bills	bill	NNS
29364	150	59	of	of	IN
29364	150	60	exchange	exchange	NN
29364	150	61	.	.	.
29364	151	1	2	2	LS
29364	151	2	.	.	.
29364	152	1	The	the	DT
29364	152	2	second	second	JJ
29364	152	3	great	great	JJ
29364	152	4	source	source	NN
29364	152	5	of	of	IN
29364	152	6	demand	demand	NN
29364	152	7	originates	originate	VBZ
29364	152	8	out	out	IN
29364	152	9	of	of	IN
29364	152	10	the	the	DT
29364	152	11	necessity	necessity	NN
29364	152	12	of	of	IN
29364	152	13	making	make	VBG
29364	152	14	payment	payment	NN
29364	152	15	for	for	IN
29364	152	16	securities	security	NNS
29364	152	17	purchased	purchase	VBN
29364	152	18	abroad	abroad	RB
29364	152	19	.	.	.
29364	153	1	So	so	RB
29364	153	2	far	far	RB
29364	153	3	as	as	IN
29364	153	4	the	the	DT
29364	153	5	American	american	JJ
29364	153	6	participation	participation	NN
29364	153	7	in	in	IN
29364	153	8	foreign	foreign	JJ
29364	153	9	bond	bond	NN
29364	153	10	issues	issue	NNS
29364	153	11	is	be	VBZ
29364	153	12	concerned	concern	VBN
29364	153	13	,	,	,
29364	153	14	the	the	DT
29364	153	15	past	past	JJ
29364	153	16	few	few	JJ
29364	153	17	years	year	NNS
29364	153	18	have	have	VBP
29364	153	19	seen	see	VBN
29364	153	20	very	very	RB
29364	153	21	great	great	JJ
29364	153	22	developments	development	NNS
29364	153	23	.	.	.
29364	154	1	We	-PRON-	PRP
29364	154	2	are	be	VBP
29364	154	3	not	not	RB
29364	154	4	yet	yet	RB
29364	154	5	a	a	DT
29364	154	6	people	people	NNS
29364	154	7	,	,	,
29364	154	8	as	as	IN
29364	154	9	are	be	VBP
29364	154	10	the	the	DT
29364	154	11	English	English	NNP
29364	154	12	or	or	CC
29364	154	13	the	the	DT
29364	154	14	French	French	NNP
29364	154	15	,	,	,
29364	154	16	who	who	WP
29364	154	17	invest	invest	VBP
29364	154	18	a	a	DT
29364	154	19	large	large	JJ
29364	154	20	proportion	proportion	NN
29364	154	21	of	of	IN
29364	154	22	their	-PRON-	PRP$
29364	154	23	accumulated	accumulate	VBN
29364	154	24	savings	saving	NNS
29364	154	25	outside	outside	RB
29364	154	26	of	of	IN
29364	154	27	their	-PRON-	PRP$
29364	154	28	own	own	JJ
29364	154	29	country	country	NN
29364	154	30	,	,	,
29364	154	31	but	but	CC
29364	154	32	as	as	IN
29364	154	33	our	-PRON-	PRP$
29364	154	34	investment	investment	NN
29364	154	35	surplus	surplus	NN
29364	154	36	has	have	VBZ
29364	154	37	increased	increase	VBN
29364	154	38	in	in	IN
29364	154	39	size	size	NN
29364	154	40	,	,	,
29364	154	41	it	-PRON-	PRP
29364	154	42	_	_	NNP
29364	154	43	has	have	VBZ
29364	154	44	_	_	NNP
29364	154	45	come	come	VB
29364	154	46	about	about	IN
29364	154	47	that	that	DT
29364	154	48	American	american	JJ
29364	154	49	investors	investor	NNS
29364	154	50	have	have	VBP
29364	154	51	been	be	VBN
29364	154	52	going	go	VBG
29364	154	53	in	in	RP
29364	154	54	more	more	JJR
29364	154	55	and	and	CC
29364	154	56	more	more	RBR
29364	154	57	extensively	extensively	RB
29364	154	58	for	for	IN
29364	154	59	foreign	foreign	JJ
29364	154	60	bonds	bond	NNS
29364	154	61	.	.	.
29364	155	1	There	there	EX
29364	155	2	have	have	VBP
29364	155	3	been	be	VBN
29364	155	4	times	time	NNS
29364	155	5	,	,	,
29364	155	6	indeed	indeed	RB
29364	155	7	,	,	,
29364	155	8	as	as	IN
29364	155	9	when	when	WRB
29364	155	10	the	the	DT
29364	155	11	Japanese	japanese	JJ
29364	155	12	loans	loan	NNS
29364	155	13	were	be	VBD
29364	155	14	being	be	VBG
29364	155	15	floated	float	VBN
29364	155	16	,	,	,
29364	155	17	when	when	WRB
29364	155	18	very	very	RB
29364	155	19	large	large	JJ
29364	155	20	amounts	amount	NNS
29364	155	21	of	of	IN
29364	155	22	foreign	foreign	JJ
29364	155	23	exchange	exchange	NN
29364	155	24	were	be	VBD
29364	155	25	required	require	VBN
29364	155	26	to	to	TO
29364	155	27	pay	pay	VB
29364	155	28	for	for	IN
29364	155	29	the	the	DT
29364	155	30	bonds	bond	NNS
29364	155	31	taken	take	VBN
29364	155	32	by	by	IN
29364	155	33	American	american	JJ
29364	155	34	individuals	individual	NNS
29364	155	35	and	and	CC
29364	155	36	syndicates	syndicate	NNS
29364	155	37	.	.	.
29364	156	1	Security	security	NN
29364	156	2	operations	operation	NNS
29364	156	3	involving	involve	VBG
29364	156	4	a	a	DT
29364	156	5	demand	demand	NN
29364	156	6	for	for	IN
29364	156	7	foreign	foreign	JJ
29364	156	8	exchange	exchange	NN
29364	156	9	are	be	VBP
29364	156	10	,	,	,
29364	156	11	however	however	RB
29364	156	12	,	,	,
29364	156	13	by	by	IN
29364	156	14	no	no	DT
29364	156	15	means	means	NN
29364	156	16	confined	confine	VBN
29364	156	17	to	to	IN
29364	156	18	American	american	JJ
29364	156	19	participation	participation	NN
29364	156	20	in	in	IN
29364	156	21	foreign	foreign	JJ
29364	156	22	bond	bond	NN
29364	156	23	issues	issue	NNS
29364	156	24	.	.	.
29364	157	1	Accumulated	accumulate	VBN
29364	157	2	during	during	IN
29364	157	3	the	the	DT
29364	157	4	course	course	NN
29364	157	5	of	of	IN
29364	157	6	the	the	DT
29364	157	7	past	past	JJ
29364	157	8	half	half	JJ
29364	157	9	century	century	NN
29364	157	10	,	,	,
29364	157	11	there	there	EX
29364	157	12	is	be	VBZ
29364	157	13	a	a	DT
29364	157	14	perfectly	perfectly	RB
29364	157	15	immense	immense	JJ
29364	157	16	amount	amount	NN
29364	157	17	of	of	IN
29364	157	18	American	american	JJ
29364	157	19	securities	security	NNS
29364	157	20	held	hold	VBN
29364	157	21	all	all	RB
29364	157	22	over	over	IN
29364	157	23	Europe	Europe	NNP
29364	157	24	.	.	.
29364	158	1	The	the	DT
29364	158	2	greater	great	JJR
29364	158	3	part	part	NN
29364	158	4	of	of	IN
29364	158	5	this	this	DT
29364	158	6	investment	investment	NN
29364	158	7	is	be	VBZ
29364	158	8	in	in	IN
29364	158	9	bonds	bond	NNS
29364	158	10	and	and	CC
29364	158	11	remains	remain	VBZ
29364	158	12	untouched	untouched	JJ
29364	158	13	for	for	IN
29364	158	14	years	year	NNS
29364	158	15	at	at	IN
29364	158	16	a	a	DT
29364	158	17	stretch	stretch	NN
29364	158	18	.	.	.
29364	159	1	But	but	CC
29364	159	2	then	then	RB
29364	159	3	there	there	EX
29364	159	4	come	come	VBP
29364	159	5	times	time	NNS
29364	159	6	when	when	WRB
29364	159	7	,	,	,
29364	159	8	for	for	IN
29364	159	9	one	one	CD
29364	159	10	reason	reason	NN
29364	159	11	or	or	CC
29364	159	12	another	another	DT
29364	159	13	,	,	,
29364	159	14	waves	wave	NNS
29364	159	15	of	of	IN
29364	159	16	selling	selling	NN
29364	159	17	pass	pass	NN
29364	159	18	over	over	IN
29364	159	19	the	the	DT
29364	159	20	European	european	JJ
29364	159	21	holdings	holding	NNS
29364	159	22	of	of	IN
29364	159	23	"	"	``
29364	159	24	Americans	Americans	NNPS
29364	159	25	,	,	,
29364	159	26	"	"	''
29364	159	27	and	and	CC
29364	159	28	we	-PRON-	PRP
29364	159	29	are	be	VBP
29364	159	30	required	require	VBN
29364	159	31	to	to	TO
29364	159	32	take	take	VB
29364	159	33	back	back	JJ
29364	159	34	millions	million	NNS
29364	159	35	of	of	IN
29364	159	36	dollars	dollar	NNS
29364	159	37	'	'	POS
29364	159	38	worth	worth	NN
29364	159	39	of	of	IN
29364	159	40	our	-PRON-	PRP$
29364	159	41	stocks	stock	NNS
29364	159	42	and	and	CC
29364	159	43	bonds	bond	NNS
29364	159	44	.	.	.
29364	160	1	Such	such	JJ
29364	160	2	selling	sell	VBG
29364	160	3	movements	movement	NNS
29364	160	4	do	do	VBP
29364	160	5	not	not	RB
29364	160	6	really	really	RB
29364	160	7	get	get	VB
29364	160	8	very	very	RB
29364	160	9	far	far	RB
29364	160	10	below	below	IN
29364	160	11	the	the	DT
29364	160	12	surface	surface	NN
29364	160	13	--	--	:
29364	160	14	they	-PRON-	PRP
29364	160	15	do	do	VBP
29364	160	16	not	not	RB
29364	160	17	,	,	,
29364	160	18	for	for	IN
29364	160	19	instance	instance	NN
29364	160	20	,	,	,
29364	160	21	disturb	disturb	VB
29364	160	22	the	the	DT
29364	160	23	great	great	JJ
29364	160	24	blocks	block	NNS
29364	160	25	of	of	IN
29364	160	26	American	american	JJ
29364	160	27	bonds	bond	NNS
29364	160	28	in	in	IN
29364	160	29	which	which	WDT
29364	160	30	so	so	RB
29364	160	31	large	large	VBP
29364	160	32	a	a	DT
29364	160	33	proportion	proportion	NN
29364	160	34	of	of	IN
29364	160	35	many	many	JJ
29364	160	36	of	of	IN
29364	160	37	the	the	DT
29364	160	38	big	big	JJ
29364	160	39	foreign	foreign	JJ
29364	160	40	fortunes	fortune	NNS
29364	160	41	are	be	VBP
29364	160	42	invested	invest	VBN
29364	160	43	,	,	,
29364	160	44	but	but	CC
29364	160	45	they	-PRON-	PRP
29364	160	46	are	be	VBP
29364	160	47	apt	apt	JJ
29364	160	48	to	to	TO
29364	160	49	be	be	VB
29364	160	50	,	,	,
29364	160	51	nevertheless	nevertheless	RB
29364	160	52	,	,	,
29364	160	53	on	on	IN
29364	160	54	a	a	DT
29364	160	55	scale	scale	NN
29364	160	56	which	which	WDT
29364	160	57	requires	require	VBZ
29364	160	58	large	large	JJ
29364	160	59	amounts	amount	NNS
29364	160	60	of	of	IN
29364	160	61	exchange	exchange	NN
29364	160	62	to	to	TO
29364	160	63	pay	pay	VB
29364	160	64	for	for	IN
29364	160	65	what	what	WP
29364	160	66	we	-PRON-	PRP
29364	160	67	have	have	VBP
29364	160	68	had	have	VBN
29364	160	69	to	to	TO
29364	160	70	buy	buy	VB
29364	160	71	back	back	RB
29364	160	72	.	.	.
29364	161	1	The	the	DT
29364	161	2	same	same	JJ
29364	161	3	thing	thing	NN
29364	161	4	is	be	VBZ
29364	161	5	true	true	JJ
29364	161	6	with	with	IN
29364	161	7	stocks	stock	NNS
29364	161	8	,	,	,
29364	161	9	though	though	IN
29364	161	10	in	in	IN
29364	161	11	that	that	DT
29364	161	12	case	case	NN
29364	161	13	the	the	DT
29364	161	14	selling	sell	VBG
29364	161	15	movements	movement	NNS
29364	161	16	are	be	VBP
29364	161	17	more	more	RBR
29364	161	18	frequent	frequent	JJ
29364	161	19	and	and	CC
29364	161	20	less	less	RBR
29364	161	21	important	important	JJ
29364	161	22	.	.	.
29364	162	1	Europe	Europe	NNP
29364	162	2	is	be	VBZ
29364	162	3	always	always	RB
29364	162	4	interested	interested	JJ
29364	162	5	heavily	heavily	RB
29364	162	6	in	in	IN
29364	162	7	American	american	JJ
29364	162	8	stocks	stock	NNS
29364	162	9	,	,	,
29364	162	10	there	there	EX
29364	162	11	being	be	VBG
29364	162	12	,	,	,
29364	162	13	as	as	IN
29364	162	14	in	in	IN
29364	162	15	the	the	DT
29364	162	16	case	case	NN
29364	162	17	of	of	IN
29364	162	18	bonds	bond	NNS
29364	162	19	,	,	,
29364	162	20	a	a	DT
29364	162	21	big	big	JJ
29364	162	22	fixed	fix	VBN
29364	162	23	investment	investment	NN
29364	162	24	of	of	IN
29364	162	25	capital	capital	NN
29364	162	26	,	,	,
29364	162	27	beside	beside	IN
29364	162	28	a	a	DT
29364	162	29	continually	continually	RB
29364	162	30	fluctuating	fluctuate	VBG
29364	162	31	"	"	''
29364	162	32	floating	float	VBG
29364	162	33	-	-	HYPH
29364	162	34	investment	investment	NN
29364	162	35	.	.	.
29364	162	36	"	"	''
29364	163	1	In	in	IN
29364	163	2	other	other	JJ
29364	163	3	words	word	NNS
29364	163	4	,	,	,
29364	163	5	aside	aside	RB
29364	163	6	from	from	IN
29364	163	7	their	-PRON-	PRP$
29364	163	8	fixed	fix	VBN
29364	163	9	investments	investment	NNS
29364	163	10	in	in	IN
29364	163	11	our	-PRON-	PRP$
29364	163	12	stocks	stock	NNS
29364	163	13	,	,	,
29364	163	14	the	the	DT
29364	163	15	foreigners	foreigner	NNS
29364	163	16	are	be	VBP
29364	163	17	continually	continually	RB
29364	163	18	speculating	speculate	VBG
29364	163	19	in	in	IN
29364	163	20	them	-PRON-	PRP
29364	163	21	and	and	CC
29364	163	22	continually	continually	RB
29364	163	23	changing	change	VBG
29364	163	24	their	-PRON-	PRP$
29364	163	25	position	position	NN
29364	163	26	as	as	IN
29364	163	27	buyers	buyer	NNS
29364	163	28	and	and	CC
29364	163	29	sellers	seller	NNS
29364	163	30	.	.	.
29364	164	1	Selling	sell	VBG
29364	164	2	movements	movement	NNS
29364	164	3	such	such	JJ
29364	164	4	as	as	IN
29364	164	5	these	these	DT
29364	164	6	do	do	VBP
29364	164	7	not	not	RB
29364	164	8	materially	materially	RB
29364	164	9	affect	affect	VB
29364	164	10	Europe	Europe	NNP
29364	164	11	's	's	POS
29364	164	12	set	set	JJ
29364	164	13	position	position	NN
29364	164	14	on	on	IN
29364	164	15	our	-PRON-	PRP$
29364	164	16	stocks	stock	NNS
29364	164	17	,	,	,
29364	164	18	but	but	CC
29364	164	19	they	-PRON-	PRP
29364	164	20	do	do	VBP
29364	164	21	result	result	VB
29364	164	22	at	at	IN
29364	164	23	times	time	NNS
29364	164	24	in	in	IN
29364	164	25	very	very	RB
29364	164	26	large	large	JJ
29364	164	27	amounts	amount	NNS
29364	164	28	of	of	IN
29364	164	29	our	-PRON-	PRP$
29364	164	30	stocks	stock	NNS
29364	164	31	being	be	VBG
29364	164	32	dumped	dump	VBN
29364	164	33	back	back	RB
29364	164	34	upon	upon	IN
29364	164	35	us	-PRON-	PRP
29364	164	36	--	--	:
29364	164	37	sometimes	sometimes	RB
29364	164	38	when	when	WRB
29364	164	39	we	-PRON-	PRP
29364	164	40	are	be	VBP
29364	164	41	ready	ready	JJ
29364	164	42	for	for	IN
29364	164	43	them	-PRON-	PRP
29364	164	44	,	,	,
29364	164	45	sometimes	sometimes	RB
29364	164	46	when	when	WRB
29364	164	47	the	the	DT
29364	164	48	operation	operation	NN
29364	164	49	is	be	VBZ
29364	164	50	decidedly	decidedly	RB
29364	164	51	painful	painful	JJ
29364	164	52	,	,	,
29364	164	53	as	as	IN
29364	164	54	in	in	IN
29364	164	55	the	the	DT
29364	164	56	Fall	Fall	NNP
29364	164	57	of	of	IN
29364	164	58	1907	1907	CD
29364	164	59	.	.	.
29364	165	1	In	in	IN
29364	165	2	any	any	DT
29364	165	3	case	case	NN
29364	165	4	,	,	,
29364	165	5	when	when	WRB
29364	165	6	Europe	Europe	NNP
29364	165	7	sells	sell	VBZ
29364	165	8	,	,	,
29364	165	9	we	-PRON-	PRP
29364	165	10	buy	buy	VBP
29364	165	11	.	.	.
29364	166	1	And	and	CC
29364	166	2	when	when	WRB
29364	166	3	we	-PRON-	PRP
29364	166	4	buy	buy	VBP
29364	166	5	,	,	,
29364	166	6	and	and	CC
29364	166	7	at	at	IN
29364	166	8	the	the	DT
29364	166	9	rate	rate	NN
29364	166	10	of	of	IN
29364	166	11	millions	million	NNS
29364	166	12	of	of	IN
29364	166	13	dollars	dollar	NNS
29364	166	14	'	'	POS
29364	166	15	worth	worth	NN
29364	166	16	a	a	DT
29364	166	17	day	day	NN
29364	166	18	,	,	,
29364	166	19	there	there	EX
29364	166	20	is	be	VBZ
29364	166	21	a	a	DT
29364	166	22	big	big	JJ
29364	166	23	demand	demand	NN
29364	166	24	for	for	IN
29364	166	25	exchange	exchange	NN
29364	166	26	with	with	IN
29364	166	27	which	which	WDT
29364	166	28	to	to	TO
29364	166	29	pay	pay	VB
29364	166	30	for	for	IN
29364	166	31	what	what	WP
29364	166	32	we	-PRON-	PRP
29364	166	33	have	have	VBP
29364	166	34	bought	buy	VBN
29364	166	35	.	.	.
29364	167	1	3	3	LS
29364	167	2	.	.	.
29364	168	1	So	so	RB
29364	168	2	great	great	JJ
29364	168	3	is	be	VBZ
29364	168	4	the	the	DT
29364	168	5	foreign	foreign	JJ
29364	168	6	investment	investment	NN
29364	168	7	of	of	IN
29364	168	8	capital	capital	NN
29364	168	9	in	in	IN
29364	168	10	this	this	DT
29364	168	11	country	country	NN
29364	168	12	that	that	WDT
29364	168	13	the	the	DT
29364	168	14	necessity	necessity	NN
29364	168	15	of	of	IN
29364	168	16	remitting	remit	VBG
29364	168	17	the	the	DT
29364	168	18	interest	interest	NN
29364	168	19	and	and	CC
29364	168	20	dividends	dividend	NNS
29364	168	21	alone	alone	RB
29364	168	22	means	mean	VBZ
29364	168	23	another	another	DT
29364	168	24	continuous	continuous	JJ
29364	168	25	demand	demand	NN
29364	168	26	for	for	IN
29364	168	27	very	very	RB
29364	168	28	large	large	JJ
29364	168	29	amounts	amount	NNS
29364	168	30	of	of	IN
29364	168	31	foreign	foreign	JJ
29364	168	32	exchange	exchange	NN
29364	168	33	.	.	.
29364	169	1	Estimates	estimate	NNS
29364	169	2	of	of	IN
29364	169	3	how	how	WRB
29364	169	4	much	much	JJ
29364	169	5	European	european	JJ
29364	169	6	money	money	NN
29364	169	7	is	be	VBZ
29364	169	8	invested	invest	VBN
29364	169	9	here	here	RB
29364	169	10	are	be	VBP
29364	169	11	little	little	RB
29364	169	12	better	well	JJR
29364	169	13	than	than	IN
29364	169	14	guesses	guess	NNS
29364	169	15	.	.	.
29364	170	1	The	the	DT
29364	170	2	only	only	JJ
29364	170	3	sure	sure	JJ
29364	170	4	thing	thing	NN
29364	170	5	about	about	IN
29364	170	6	it	-PRON-	PRP
29364	170	7	is	be	VBZ
29364	170	8	that	that	IN
29364	170	9	the	the	DT
29364	170	10	figures	figure	NNS
29364	170	11	run	run	VBP
29364	170	12	well	well	RB
29364	170	13	up	up	RB
29364	170	14	into	into	IN
29364	170	15	the	the	DT
29364	170	16	billions	billion	NNS
29364	170	17	and	and	CC
29364	170	18	that	that	IN
29364	170	19	several	several	JJ
29364	170	20	hundred	hundred	CD
29364	170	21	millions	million	NNS
29364	170	22	of	of	IN
29364	170	23	dollars	dollar	NNS
29364	170	24	'	'	POS
29364	170	25	worth	worth	NN
29364	170	26	of	of	IN
29364	170	27	interest	interest	NN
29364	170	28	and	and	CC
29364	170	29	dividends	dividend	NNS
29364	170	30	must	must	MD
29364	170	31	be	be	VB
29364	170	32	sent	send	VBN
29364	170	33	across	across	IN
29364	170	34	the	the	DT
29364	170	35	water	water	NN
29364	170	36	each	each	DT
29364	170	37	year	year	NN
29364	170	38	.	.	.
29364	171	1	There	there	EX
29364	171	2	are	be	VBP
29364	171	3	,	,	,
29364	171	4	in	in	IN
29364	171	5	the	the	DT
29364	171	6	first	first	JJ
29364	171	7	place	place	NN
29364	171	8	,	,	,
29364	171	9	all	all	PDT
29364	171	10	the	the	DT
29364	171	11	foreign	foreign	JJ
29364	171	12	investments	investment	NNS
29364	171	13	in	in	IN
29364	171	14	what	what	WP
29364	171	15	might	may	MD
29364	171	16	be	be	VB
29364	171	17	called	call	VBN
29364	171	18	private	private	JJ
29364	171	19	enterprise	enterprise	NN
29364	171	20	--	--	:
29364	171	21	the	the	DT
29364	171	22	English	english	JJ
29364	171	23	money	money	NN
29364	171	24	,	,	,
29364	171	25	for	for	IN
29364	171	26	instance	instance	NN
29364	171	27	,	,	,
29364	171	28	invested	invest	VBN
29364	171	29	in	in	IN
29364	171	30	fruit	fruit	NN
29364	171	31	orchards	orchard	NNS
29364	171	32	,	,	,
29364	171	33	gold	gold	NN
29364	171	34	and	and	CC
29364	171	35	copper	copper	NN
29364	171	36	mines	mine	NNS
29364	171	37	,	,	,
29364	171	38	etc	etc	FW
29364	171	39	.	.	FW
29364	171	40	,	,	,
29364	171	41	in	in	IN
29364	171	42	the	the	DT
29364	171	43	western	western	JJ
29364	171	44	states	state	NNS
29364	171	45	.	.	.
29364	172	1	Profits	profit	NNS
29364	172	2	on	on	IN
29364	172	3	this	this	DT
29364	172	4	money	money	NN
29364	172	5	are	be	VBP
29364	172	6	practically	practically	RB
29364	172	7	all	all	DT
29364	172	8	remitted	remit	VBN
29364	172	9	back	back	RB
29364	172	10	to	to	IN
29364	172	11	England	England	NNP
29364	172	12	,	,	,
29364	172	13	but	but	CC
29364	172	14	no	no	DT
29364	172	15	way	way	NN
29364	172	16	exists	exist	VBZ
29364	172	17	of	of	IN
29364	172	18	even	even	RB
29364	172	19	estimating	estimate	VBG
29364	172	20	what	what	WP
29364	172	21	they	-PRON-	PRP
29364	172	22	amount	amount	VBP
29364	172	23	to	to	IN
29364	172	24	.	.	.
29364	173	1	Aside	aside	RB
29364	173	2	from	from	IN
29364	173	3	that	that	IN
29364	173	4	there	there	EX
29364	173	5	are	be	VBP
29364	173	6	all	all	PDT
29364	173	7	the	the	DT
29364	173	8	foreign	foreign	JJ
29364	173	9	holdings	holding	NNS
29364	173	10	of	of	IN
29364	173	11	bonds	bond	NNS
29364	173	12	and	and	CC
29364	173	13	stocks	stock	NNS
29364	173	14	in	in	IN
29364	173	15	our	-PRON-	PRP$
29364	173	16	great	great	JJ
29364	173	17	public	public	JJ
29364	173	18	corporations	corporation	NNS
29364	173	19	,	,	,
29364	173	20	holdings	holding	NNS
29364	173	21	whose	whose	WP$
29364	173	22	ownership	ownership	NN
29364	173	23	it	-PRON-	PRP
29364	173	24	is	be	VBZ
29364	173	25	impossible	impossible	JJ
29364	173	26	to	to	TO
29364	173	27	trace	trace	VB
29364	173	28	.	.	.
29364	174	1	Only	only	RB
29364	174	2	at	at	IN
29364	174	3	the	the	DT
29364	174	4	interest	interest	NN
29364	174	5	periods	period	NNS
29364	174	6	at	at	IN
29364	174	7	the	the	DT
29364	174	8	beginning	beginning	NN
29364	174	9	and	and	CC
29364	174	10	middle	middle	NN
29364	174	11	of	of	IN
29364	174	12	each	each	DT
29364	174	13	year	year	NN
29364	174	14	does	do	VBZ
29364	174	15	it	-PRON-	PRP
29364	174	16	become	become	VB
29364	174	17	apparent	apparent	JJ
29364	174	18	how	how	WRB
29364	174	19	large	large	JJ
29364	174	20	a	a	DT
29364	174	21	proportion	proportion	NN
29364	174	22	of	of	IN
29364	174	23	our	-PRON-	PRP$
29364	174	24	bonds	bond	NNS
29364	174	25	are	be	VBP
29364	174	26	held	hold	VBN
29364	174	27	in	in	IN
29364	174	28	Europe	Europe	NNP
29364	174	29	and	and	CC
29364	174	30	how	how	WRB
29364	174	31	great	great	JJ
29364	174	32	is	be	VBZ
29364	174	33	the	the	DT
29364	174	34	demand	demand	NN
29364	174	35	for	for	IN
29364	174	36	exchange	exchange	NN
29364	174	37	with	with	IN
29364	174	38	which	which	WDT
29364	174	39	to	to	TO
29364	174	40	make	make	VB
29364	174	41	the	the	DT
29364	174	42	remittances	remittance	NNS
29364	174	43	of	of	IN
29364	174	44	accrued	accrue	VBN
29364	174	45	interest	interest	NN
29364	174	46	.	.	.
29364	175	1	At	at	IN
29364	175	2	such	such	JJ
29364	175	3	times	time	NNS
29364	175	4	the	the	DT
29364	175	5	incoming	incoming	JJ
29364	175	6	mails	mail	NNS
29364	175	7	of	of	IN
29364	175	8	the	the	DT
29364	175	9	international	international	JJ
29364	175	10	banking	banking	NN
29364	175	11	houses	house	NNS
29364	175	12	bulge	bulge	VBP
29364	175	13	with	with	IN
29364	175	14	great	great	JJ
29364	175	15	quantities	quantity	NNS
29364	175	16	of	of	IN
29364	175	17	coupons	coupon	NNS
29364	175	18	sent	send	VBN
29364	175	19	over	over	RB
29364	175	20	here	here	RB
29364	175	21	for	for	IN
29364	175	22	collection	collection	NN
29364	175	23	.	.	.
29364	176	1	For	for	IN
29364	176	2	several	several	JJ
29364	176	3	weeks	week	NNS
29364	176	4	on	on	IN
29364	176	5	either	either	DT
29364	176	6	side	side	NN
29364	176	7	of	of	IN
29364	176	8	the	the	DT
29364	176	9	two	two	CD
29364	176	10	important	important	JJ
29364	176	11	interest	interest	NN
29364	176	12	periods	period	NNS
29364	176	13	,	,	,
29364	176	14	the	the	DT
29364	176	15	exchange	exchange	NN
29364	176	16	market	market	NN
29364	176	17	feels	feel	VBZ
29364	176	18	the	the	DT
29364	176	19	stimulus	stimulus	NN
29364	176	20	of	of	IN
29364	176	21	the	the	DT
29364	176	22	demand	demand	NN
29364	176	23	for	for	IN
29364	176	24	exchange	exchange	NN
29364	176	25	with	with	IN
29364	176	26	which	which	WDT
29364	176	27	the	the	DT
29364	176	28	proceeds	proceed	NNS
29364	176	29	of	of	IN
29364	176	30	these	these	DT
29364	176	31	masses	masse	NNS
29364	176	32	of	of	IN
29364	176	33	coupons	coupon	NNS
29364	176	34	are	be	VBP
29364	176	35	to	to	TO
29364	176	36	be	be	VB
29364	176	37	sent	send	VBN
29364	176	38	abroad	abroad	RB
29364	176	39	.	.	.
29364	177	1	4	4	LS
29364	177	2	.	.	.
29364	178	1	Freights	freight	NNS
29364	178	2	and	and	CC
29364	178	3	insurance	insurance	NN
29364	178	4	are	be	VBP
29364	178	5	responsible	responsible	JJ
29364	178	6	for	for	IN
29364	178	7	a	a	DT
29364	178	8	fourth	fourth	JJ
29364	178	9	important	important	JJ
29364	178	10	source	source	NN
29364	178	11	of	of	IN
29364	178	12	demand	demand	NN
29364	178	13	for	for	IN
29364	178	14	foreign	foreign	JJ
29364	178	15	exchange	exchange	NN
29364	178	16	.	.	.
29364	179	1	A	a	DT
29364	179	2	walk	walk	NN
29364	179	3	along	along	IN
29364	179	4	William	William	NNP
29364	179	5	Street	Street	NNP
29364	179	6	in	in	IN
29364	179	7	New	New	NNP
29364	179	8	York	York	NNP
29364	179	9	is	be	VBZ
29364	179	10	all	all	DT
29364	179	11	that	that	WDT
29364	179	12	is	be	VBZ
29364	179	13	necessary	necessary	JJ
29364	179	14	to	to	TO
29364	179	15	give	give	VB
29364	179	16	a	a	DT
29364	179	17	good	good	JJ
29364	179	18	idea	idea	NN
29364	179	19	of	of	IN
29364	179	20	the	the	DT
29364	179	21	number	number	NN
29364	179	22	and	and	CC
29364	179	23	importance	importance	NN
29364	179	24	of	of	IN
29364	179	25	the	the	DT
29364	179	26	foreign	foreign	JJ
29364	179	27	companies	company	NNS
29364	179	28	doing	do	VBG
29364	179	29	business	business	NN
29364	179	30	in	in	IN
29364	179	31	the	the	DT
29364	179	32	United	United	NNP
29364	179	33	States	States	NNP
29364	179	34	.	.	.
29364	180	1	In	in	IN
29364	180	2	some	some	DT
29364	180	3	form	form	NN
29364	180	4	or	or	CC
29364	180	5	other	other	JJ
29364	180	6	all	all	PDT
29364	180	7	the	the	DT
29364	180	8	premiums	premium	NNS
29364	180	9	paid	pay	VBN
29364	180	10	have	have	VBP
29364	180	11	to	to	TO
29364	180	12	be	be	VB
29364	180	13	sent	send	VBN
29364	180	14	to	to	IN
29364	180	15	the	the	DT
29364	180	16	other	other	JJ
29364	180	17	side	side	NN
29364	180	18	.	.	.
29364	181	1	Times	time	NNS
29364	181	2	come	come	VBP
29364	181	3	,	,	,
29364	181	4	of	of	IN
29364	181	5	course	course	NN
29364	181	6	,	,	,
29364	181	7	like	like	IN
29364	181	8	the	the	DT
29364	181	9	year	year	NN
29364	181	10	of	of	IN
29364	181	11	the	the	DT
29364	181	12	Baltimore	Baltimore	NNP
29364	181	13	fire	fire	NN
29364	181	14	,	,	,
29364	181	15	when	when	WRB
29364	181	16	losses	loss	NNS
29364	181	17	by	by	IN
29364	181	18	these	these	DT
29364	181	19	foreign	foreign	JJ
29364	181	20	companies	company	NNS
29364	181	21	greatly	greatly	RB
29364	181	22	outbalance	outbalance	VBP
29364	181	23	premiums	premium	NNS
29364	181	24	received	receive	VBD
29364	181	25	,	,	,
29364	181	26	the	the	DT
29364	181	27	business	business	NN
29364	181	28	they	-PRON-	PRP
29364	181	29	do	do	VBP
29364	181	30	thus	thus	RB
29364	181	31	resulting	result	VBG
29364	181	32	in	in	IN
29364	181	33	the	the	DT
29364	181	34	actual	actual	JJ
29364	181	35	_	_	NNP
29364	181	36	creation	creation	NN
29364	181	37	_	_	NNP
29364	181	38	of	of	IN
29364	181	39	great	great	JJ
29364	181	40	amounts	amount	NNS
29364	181	41	of	of	IN
29364	181	42	foreign	foreign	JJ
29364	181	43	exchange	exchange	NN
29364	181	44	,	,	,
29364	181	45	but	but	CC
29364	181	46	in	in	IN
29364	181	47	the	the	DT
29364	181	48	long	long	JJ
29364	181	49	run	run	NN
29364	181	50	--	--	:
29364	181	51	year	year	NN
29364	181	52	in	in	RB
29364	181	53	,	,	,
29364	181	54	year	year	NN
29364	181	55	out	out	RB
29364	181	56	--	--	:
29364	181	57	the	the	DT
29364	181	58	remitting	remit	VBG
29364	181	59	abroad	abroad	RB
29364	181	60	of	of	IN
29364	181	61	the	the	DT
29364	181	62	premiums	premium	NNS
29364	181	63	earned	earn	VBN
29364	181	64	means	mean	VBZ
29364	181	65	a	a	DT
29364	181	66	steady	steady	JJ
29364	181	67	demand	demand	NN
29364	181	68	for	for	IN
29364	181	69	exchange	exchange	NN
29364	181	70	.	.	.
29364	182	1	With	with	IN
29364	182	2	freights	freight	NNS
29364	182	3	it	-PRON-	PRP
29364	182	4	is	be	VBZ
29364	182	5	the	the	DT
29364	182	6	same	same	JJ
29364	182	7	proposition	proposition	NN
29364	182	8	,	,	,
29364	182	9	except	except	IN
29364	182	10	that	that	IN
29364	182	11	the	the	DT
29364	182	12	proportion	proportion	NN
29364	182	13	of	of	IN
29364	182	14	American	american	JJ
29364	182	15	shipping	shipping	NN
29364	182	16	business	business	NN
29364	182	17	done	do	VBN
29364	182	18	by	by	IN
29364	182	19	foreign	foreign	JJ
29364	182	20	companies	company	NNS
29364	182	21	is	be	VBZ
29364	182	22	much	much	RB
29364	182	23	greater	great	JJR
29364	182	24	than	than	IN
29364	182	25	the	the	DT
29364	182	26	proportion	proportion	NN
29364	182	27	of	of	IN
29364	182	28	insurance	insurance	NN
29364	182	29	business	business	NN
29364	182	30	done	do	VBN
29364	182	31	by	by	IN
29364	182	32	foreign	foreign	JJ
29364	182	33	companies	company	NNS
29364	182	34	.	.	.
29364	183	1	Since	since	IN
29364	183	2	the	the	DT
29364	183	3	Civil	Civil	NNP
29364	183	4	War	War	NNP
29364	183	5	the	the	DT
29364	183	6	American	american	JJ
29364	183	7	mercantile	mercantile	NN
29364	183	8	marine	marine	NN
29364	183	9	instead	instead	RB
29364	183	10	of	of	IN
29364	183	11	growing	grow	VBG
29364	183	12	with	with	IN
29364	183	13	the	the	DT
29364	183	14	country	country	NN
29364	183	15	has	have	VBZ
29364	183	16	gone	go	VBN
29364	183	17	steadily	steadily	RB
29364	183	18	backward	backward	JJ
29364	183	19	,	,	,
29364	183	20	until	until	IN
29364	183	21	now	now	RB
29364	183	22	the	the	DT
29364	183	23	greater	great	JJR
29364	183	24	part	part	NN
29364	183	25	of	of	IN
29364	183	26	our	-PRON-	PRP$
29364	183	27	shipping	shipping	NN
29364	183	28	is	be	VBZ
29364	183	29	done	do	VBN
29364	183	30	in	in	IN
29364	183	31	foreign	foreign	JJ
29364	183	32	bottoms	bottom	NNS
29364	183	33	.	.	.
29364	184	1	Aside	aside	RB
29364	184	2	from	from	IN
29364	184	3	the	the	DT
29364	184	4	other	other	JJ
29364	184	5	disadvantages	disadvantage	NNS
29364	184	6	of	of	IN
29364	184	7	such	such	PDT
29364	184	8	a	a	DT
29364	184	9	condition	condition	NN
29364	184	10	,	,	,
29364	184	11	the	the	DT
29364	184	12	payment	payment	NN
29364	184	13	of	of	IN
29364	184	14	such	such	JJ
29364	184	15	great	great	JJ
29364	184	16	sums	sum	NNS
29364	184	17	for	for	IN
29364	184	18	freight	freight	NN
29364	184	19	to	to	IN
29364	184	20	foreign	foreign	JJ
29364	184	21	companies	company	NNS
29364	184	22	is	be	VBZ
29364	184	23	a	a	DT
29364	184	24	direct	direct	JJ
29364	184	25	economic	economic	JJ
29364	184	26	drain	drain	NN
29364	184	27	.	.	.
29364	185	1	An	an	DT
29364	185	2	estimate	estimate	NN
29364	185	3	that	that	IN
29364	185	4	the	the	DT
29364	185	5	yearly	yearly	NNP
29364	185	6	freight	freight	NN
29364	185	7	bill	bill	NN
29364	185	8	amounts	amount	VBZ
29364	185	9	to	to	IN
29364	185	10	$	$	$
29364	185	11	150,000,000	150,000,000	CD
29364	185	12	is	be	VBZ
29364	185	13	probably	probably	RB
29364	185	14	not	not	RB
29364	185	15	too	too	RB
29364	185	16	high	high	JJ
29364	185	17	.	.	.
29364	186	1	That	that	DT
29364	186	2	means	mean	VBZ
29364	186	3	that	that	IN
29364	186	4	in	in	IN
29364	186	5	the	the	DT
29364	186	6	course	course	NN
29364	186	7	of	of	IN
29364	186	8	every	every	DT
29364	186	9	year	year	NN
29364	186	10	there	there	EX
29364	186	11	is	be	VBZ
29364	186	12	a	a	DT
29364	186	13	demand	demand	NN
29364	186	14	for	for	IN
29364	186	15	that	that	DT
29364	186	16	amount	amount	NN
29364	186	17	of	of	IN
29364	186	18	exchange	exchange	NN
29364	186	19	with	with	IN
29364	186	20	which	which	WDT
29364	186	21	to	to	TO
29364	186	22	remit	remit	VB
29364	186	23	back	back	RB
29364	186	24	what	what	WP
29364	186	25	has	have	VBZ
29364	186	26	been	be	VBN
29364	186	27	earned	earn	VBN
29364	186	28	from	from	IN
29364	186	29	us	-PRON-	PRP
29364	186	30	.	.	.
29364	187	1	5	5	CD
29364	187	2	.	.	.
29364	188	1	Tourists	tourist	NNS
29364	188	2	'	'	POS
29364	188	3	expenditures	expenditure	NNS
29364	188	4	abroad	abroad	RB
29364	188	5	are	be	VBP
29364	188	6	responsible	responsible	JJ
29364	188	7	for	for	IN
29364	188	8	a	a	DT
29364	188	9	further	further	RB
29364	188	10	heavy	heavy	JJ
29364	188	11	demand	demand	NN
29364	188	12	for	for	IN
29364	188	13	exchange	exchange	NN
29364	188	14	.	.	.
29364	189	1	Whether	whether	IN
29364	189	2	it	-PRON-	PRP
29364	189	3	is	be	VBZ
29364	189	4	because	because	IN
29364	189	5	Americans	Americans	NNPS
29364	189	6	are	be	VBP
29364	189	7	fonder	fonder	JJ
29364	189	8	of	of	IN
29364	189	9	travel	travel	NN
29364	189	10	than	than	IN
29364	189	11	the	the	DT
29364	189	12	people	people	NNS
29364	189	13	of	of	IN
29364	189	14	other	other	JJ
29364	189	15	countries	country	NNS
29364	189	16	or	or	CC
29364	189	17	whether	whether	IN
29364	189	18	it	-PRON-	PRP
29364	189	19	is	be	VBZ
29364	189	20	because	because	IN
29364	189	21	of	of	IN
29364	189	22	our	-PRON-	PRP$
29364	189	23	more	more	RBR
29364	189	24	or	or	CC
29364	189	25	less	less	RBR
29364	189	26	isolated	isolated	JJ
29364	189	27	position	position	NN
29364	189	28	on	on	IN
29364	189	29	the	the	DT
29364	189	30	map	map	NN
29364	189	31	,	,	,
29364	189	32	it	-PRON-	PRP
29364	189	33	is	be	VBZ
29364	189	34	a	a	DT
29364	189	35	fact	fact	NN
29364	189	36	that	that	IN
29364	189	37	there	there	EX
29364	189	38	are	be	VBP
29364	189	39	far	far	RB
29364	189	40	more	more	JJR
29364	189	41	Americans	Americans	NNPS
29364	189	42	traveling	travel	VBG
29364	189	43	about	about	IN
29364	189	44	in	in	IN
29364	189	45	Europe	Europe	NNP
29364	189	46	than	than	IN
29364	189	47	people	people	NNS
29364	189	48	belonging	belong	VBG
29364	189	49	to	to	IN
29364	189	50	any	any	DT
29364	189	51	other	other	JJ
29364	189	52	nation	nation	NN
29364	189	53	.	.	.
29364	190	1	And	and	CC
29364	190	2	the	the	DT
29364	190	3	sums	sum	NNS
29364	190	4	spent	spend	VBN
29364	190	5	by	by	IN
29364	190	6	American	american	JJ
29364	190	7	tourists	tourist	NNS
29364	190	8	in	in	IN
29364	190	9	foreign	foreign	JJ
29364	190	10	lands	land	NNS
29364	190	11	annually	annually	RB
29364	190	12	aggregate	aggregate	VBP
29364	190	13	a	a	DT
29364	190	14	very	very	RB
29364	190	15	large	large	JJ
29364	190	16	amount	amount	NN
29364	190	17	--	--	:
29364	190	18	possibly	possibly	RB
29364	190	19	as	as	RB
29364	190	20	much	much	JJ
29364	190	21	as	as	IN
29364	190	22	$	$	$
29364	190	23	175,000,000	175,000,000	CD
29364	190	24	-	-	HYPH
29364	190	25	-all	-all	NN
29364	190	26	of	of	IN
29364	190	27	which	which	WDT
29364	190	28	has	have	VBZ
29364	190	29	eventually	eventually	RB
29364	190	30	to	to	TO
29364	190	31	be	be	VB
29364	190	32	covered	cover	VBN
29364	190	33	by	by	IN
29364	190	34	remittances	remittance	NNS
29364	190	35	of	of	IN
29364	190	36	exchange	exchange	NN
29364	190	37	from	from	IN
29364	190	38	this	this	DT
29364	190	39	side	side	NN
29364	190	40	.	.	.
29364	191	1	Then	then	RB
29364	191	2	again	again	RB
29364	191	3	there	there	EX
29364	191	4	must	must	MD
29364	191	5	be	be	VB
29364	191	6	considered	consider	VBN
29364	191	7	the	the	DT
29364	191	8	expenditures	expenditure	NNS
29364	191	9	of	of	IN
29364	191	10	wealthy	wealthy	JJ
29364	191	11	Americans	Americans	NNPS
29364	191	12	who	who	WP
29364	191	13	either	either	CC
29364	191	14	live	live	VBP
29364	191	15	abroad	abroad	RB
29364	191	16	entirely	entirely	RB
29364	191	17	or	or	CC
29364	191	18	else	else	RB
29364	191	19	spend	spend	VB
29364	191	20	a	a	DT
29364	191	21	large	large	JJ
29364	191	22	part	part	NN
29364	191	23	of	of	IN
29364	191	24	their	-PRON-	PRP$
29364	191	25	time	time	NN
29364	191	26	on	on	IN
29364	191	27	the	the	DT
29364	191	28	other	other	JJ
29364	191	29	side	side	NN
29364	191	30	.	.	.
29364	192	1	During	during	IN
29364	192	2	the	the	DT
29364	192	3	past	past	JJ
29364	192	4	decade	decade	NN
29364	192	5	it	-PRON-	PRP
29364	192	6	has	have	VBZ
29364	192	7	come	come	VBN
29364	192	8	about	about	IN
29364	192	9	that	that	IN
29364	192	10	every	every	DT
29364	192	11	European	european	JJ
29364	192	12	city	city	NN
29364	192	13	of	of	IN
29364	192	14	any	any	DT
29364	192	15	consequence	consequence	NN
29364	192	16	has	have	VBZ
29364	192	17	its	-PRON-	PRP$
29364	192	18	"	"	``
29364	192	19	American	American	NNP
29364	192	20	Colony	Colony	NNP
29364	192	21	,	,	,
29364	192	22	"	"	''
29364	192	23	a	a	DT
29364	192	24	society	society	NN
29364	192	25	no	no	RB
29364	192	26	longer	long	RBR
29364	192	27	composed	compose	VBN
29364	192	28	of	of	IN
29364	192	29	poor	poor	JJ
29364	192	30	art	art	NN
29364	192	31	students	student	NNS
29364	192	32	or	or	CC
29364	192	33	those	those	DT
29364	192	34	whose	whose	WP$
29364	192	35	residence	residence	NN
29364	192	36	abroad	abroad	RB
29364	192	37	is	be	VBZ
29364	192	38	not	not	RB
29364	192	39	a	a	DT
29364	192	40	matter	matter	NN
29364	192	41	of	of	IN
29364	192	42	volition	volition	NN
29364	192	43	,	,	,
29364	192	44	but	but	CC
29364	192	45	consisting	consist	VBG
29364	192	46	now	now	RB
29364	192	47	of	of	IN
29364	192	48	many	many	JJ
29364	192	49	of	of	IN
29364	192	50	the	the	DT
29364	192	51	wealthiest	wealthy	JJS
29364	192	52	Americans	Americans	NNPS
29364	192	53	.	.	.
29364	193	1	By	by	IN
29364	193	2	these	these	DT
29364	193	3	expatriates	expatriate	NNS
29364	193	4	money	money	NN
29364	193	5	is	be	VBZ
29364	193	6	spent	spend	VBN
29364	193	7	extremely	extremely	RB
29364	193	8	freely	freely	RB
29364	193	9	,	,	,
29364	193	10	their	-PRON-	PRP$
29364	193	11	drafts	draft	NNS
29364	193	12	on	on	IN
29364	193	13	London	London	NNP
29364	193	14	and	and	CC
29364	193	15	Paris	Paris	NNP
29364	193	16	requiring	require	VBG
29364	193	17	the	the	DT
29364	193	18	frequent	frequent	JJ
29364	193	19	replenishment	replenishment	NN
29364	193	20	,	,	,
29364	193	21	by	by	IN
29364	193	22	remittances	remittance	NNS
29364	193	23	of	of	IN
29364	193	24	exchange	exchange	NN
29364	193	25	from	from	IN
29364	193	26	this	this	DT
29364	193	27	side	side	NN
29364	193	28	,	,	,
29364	193	29	of	of	IN
29364	193	30	their	-PRON-	PRP$
29364	193	31	bank	bank	NN
29364	193	32	balances	balance	NNS
29364	193	33	at	at	IN
29364	193	34	those	those	DT
29364	193	35	points	point	NNS
29364	193	36	.	.	.
29364	194	1	Furthermore	furthermore	RB
29364	194	2	,	,	,
29364	194	3	there	there	EX
29364	194	4	must	must	MD
29364	194	5	be	be	VB
29364	194	6	considered	consider	VBN
29364	194	7	the	the	DT
29364	194	8	great	great	JJ
29364	194	9	amounts	amount	NNS
29364	194	10	of	of	IN
29364	194	11	American	american	JJ
29364	194	12	capital	capital	NN
29364	194	13	transferred	transfer	VBN
29364	194	14	abroad	abroad	RB
29364	194	15	by	by	IN
29364	194	16	the	the	DT
29364	194	17	marriage	marriage	NN
29364	194	18	of	of	IN
29364	194	19	wealthy	wealthy	JJ
29364	194	20	American	american	JJ
29364	194	21	women	woman	NNS
29364	194	22	with	with	IN
29364	194	23	titled	title	VBN
29364	194	24	foreigners	foreigner	NNS
29364	194	25	.	.	.
29364	195	1	Such	such	JJ
29364	195	2	alliances	alliance	NNS
29364	195	3	mean	mean	VBP
29364	195	4	not	not	RB
29364	195	5	only	only	RB
29364	195	6	the	the	DT
29364	195	7	transfer	transfer	NN
29364	195	8	of	of	IN
29364	195	9	large	large	JJ
29364	195	10	amounts	amount	NNS
29364	195	11	of	of	IN
29364	195	12	capital	capital	NN
29364	195	13	_	_	NNP
29364	195	14	en	en	NNP
29364	195	15	bloc	bloc	NNP
29364	195	16	_	_	NNP
29364	195	17	,	,	,
29364	195	18	but	but	CC
29364	195	19	mean	mean	VB
29364	195	20	as	as	RB
29364	195	21	well	well	RB
29364	195	22	,	,	,
29364	195	23	usually	usually	RB
29364	195	24	,	,	,
29364	195	25	an	an	DT
29364	195	26	annual	annual	JJ
29364	195	27	remittance	remittance	NN
29364	195	28	of	of	IN
29364	195	29	a	a	DT
29364	195	30	very	very	RB
29364	195	31	large	large	JJ
29364	195	32	sum	sum	NN
29364	195	33	of	of	IN
29364	195	34	money	money	NN
29364	195	35	.	.	.
29364	196	1	No	no	DT
29364	196	2	account	account	NN
29364	196	3	of	of	IN
29364	196	4	the	the	DT
29364	196	5	money	money	NN
29364	196	6	drained	drain	VBD
29364	196	7	out	out	IN
29364	196	8	of	of	IN
29364	196	9	the	the	DT
29364	196	10	country	country	NN
29364	196	11	in	in	IN
29364	196	12	this	this	DT
29364	196	13	way	way	NN
29364	196	14	is	be	VBZ
29364	196	15	kept	keep	VBN
29364	196	16	,	,	,
29364	196	17	of	of	IN
29364	196	18	course	course	NN
29364	196	19	,	,	,
29364	196	20	but	but	CC
29364	196	21	it	-PRON-	PRP
29364	196	22	is	be	VBZ
29364	196	23	an	an	DT
29364	196	24	item	item	NN
29364	196	25	which	which	WDT
29364	196	26	certainly	certainly	RB
29364	196	27	runs	run	VBZ
29364	196	28	up	up	RP
29364	196	29	into	into	IN
29364	196	30	the	the	DT
29364	196	31	tens	ten	NNS
29364	196	32	of	of	IN
29364	196	33	millions	million	NNS
29364	196	34	.	.	.
29364	197	1	6	6	CD
29364	197	2	.	.	.
29364	198	1	Lastly	lastly	RB
29364	198	2	,	,	,
29364	198	3	there	there	EX
29364	198	4	is	be	VBZ
29364	198	5	the	the	DT
29364	198	6	demand	demand	NN
29364	198	7	for	for	IN
29364	198	8	exchange	exchange	NN
29364	198	9	originating	originate	VBG
29364	198	10	from	from	IN
29364	198	11	the	the	DT
29364	198	12	paying	pay	VBG
29364	198	13	off	off	IN
29364	198	14	of	of	IN
29364	198	15	the	the	DT
29364	198	16	short	short	JJ
29364	198	17	-	-	HYPH
29364	198	18	term	term	NN
29364	198	19	loans	loan	NNS
29364	198	20	which	which	WDT
29364	198	21	European	european	JJ
29364	198	22	bankers	banker	NNS
29364	198	23	so	so	RB
29364	198	24	continuously	continuously	RB
29364	198	25	make	make	VBP
29364	198	26	in	in	IN
29364	198	27	the	the	DT
29364	198	28	American	american	JJ
29364	198	29	market	market	NN
29364	198	30	.	.	.
29364	199	1	There	there	EX
29364	199	2	is	be	VBZ
29364	199	3	never	never	RB
29364	199	4	a	a	DT
29364	199	5	time	time	NN
29364	199	6	nowadays	nowadays	RB
29364	199	7	when	when	WRB
29364	199	8	London	London	NNP
29364	199	9	and	and	CC
29364	199	10	Paris	Paris	NNP
29364	199	11	are	be	VBP
29364	199	12	lending	lend	VBG
29364	199	13	American	american	JJ
29364	199	14	bankers	banker	NNS
29364	199	15	less	less	JJR
29364	199	16	than	than	IN
29364	199	17	$	$	$
29364	199	18	100,000,000	100,000,000	CD
29364	199	19	on	on	IN
29364	199	20	60	60	CD
29364	199	21	or	or	CC
29364	199	22	90	90	CD
29364	199	23	day	day	NN
29364	199	24	bills	bill	NNS
29364	199	25	,	,	,
29364	199	26	while	while	IN
29364	199	27	the	the	DT
29364	199	28	total	total	NN
29364	199	29	frequently	frequently	RB
29364	199	30	runs	run	VBZ
29364	199	31	up	up	IN
29364	199	32	to	to	IN
29364	199	33	three	three	CD
29364	199	34	or	or	CC
29364	199	35	four	four	CD
29364	199	36	times	time	NNS
29364	199	37	that	that	DT
29364	199	38	amount	amount	NN
29364	199	39	.	.	.
29364	200	1	The	the	DT
29364	200	2	sum	sum	NN
29364	200	3	of	of	IN
29364	200	4	these	these	DT
29364	200	5	floating	float	VBG
29364	200	6	loans	loan	NNS
29364	200	7	is	be	VBZ
29364	200	8	,	,	,
29364	200	9	indeed	indeed	RB
29364	200	10	,	,	,
29364	200	11	changing	change	VBG
29364	200	12	all	all	PDT
29364	200	13	the	the	DT
29364	200	14	time	time	NN
29364	200	15	,	,	,
29364	200	16	a	a	DT
29364	200	17	circumstance	circumstance	NN
29364	200	18	which	which	WDT
29364	200	19	in	in	IN
29364	200	20	itself	-PRON-	PRP
29364	200	21	is	be	VBZ
29364	200	22	responsible	responsible	JJ
29364	200	23	for	for	IN
29364	200	24	a	a	DT
29364	200	25	demand	demand	NN
29364	200	26	for	for	IN
29364	200	27	very	very	RB
29364	200	28	great	great	JJ
29364	200	29	amounts	amount	NNS
29364	200	30	of	of	IN
29364	200	31	foreign	foreign	JJ
29364	200	32	exchange	exchange	NN
29364	200	33	.	.	.
29364	201	1	Take	take	VB
29364	201	2	,	,	,
29364	201	3	for	for	IN
29364	201	4	instance	instance	NN
29364	201	5	,	,	,
29364	201	6	the	the	DT
29364	201	7	amount	amount	NN
29364	201	8	of	of	IN
29364	201	9	French	french	JJ
29364	201	10	and	and	CC
29364	201	11	English	english	JJ
29364	201	12	capital	capital	NN
29364	201	13	employed	employ	VBN
29364	201	14	in	in	IN
29364	201	15	this	this	DT
29364	201	16	market	market	NN
29364	201	17	in	in	IN
29364	201	18	the	the	DT
29364	201	19	form	form	NN
29364	201	20	of	of	IN
29364	201	21	short	short	JJ
29364	201	22	-	-	HYPH
29364	201	23	term	term	NN
29364	201	24	loans	loan	NNS
29364	201	25	;	;	:
29364	201	26	$	$	$
29364	201	27	250,000,000	250,000,000	CD
29364	201	28	is	be	VBZ
29364	201	29	probably	probably	RB
29364	201	30	a	a	DT
29364	201	31	fair	fair	JJ
29364	201	32	estimate	estimate	NN
29364	201	33	of	of	IN
29364	201	34	the	the	DT
29364	201	35	average	average	JJ
29364	201	36	amount	amount	NN
29364	201	37	,	,	,
29364	201	38	and	and	CC
29364	201	39	90	90	CD
29364	201	40	days	day	NNS
29364	201	41	a	a	DT
29364	201	42	fair	fair	JJ
29364	201	43	estimate	estimate	NN
29364	201	44	of	of	IN
29364	201	45	the	the	DT
29364	201	46	average	average	JJ
29364	201	47	time	time	NN
29364	201	48	the	the	DT
29364	201	49	loans	loan	NNS
29364	201	50	run	run	VBP
29364	201	51	before	before	IN
29364	201	52	being	be	VBG
29364	201	53	paid	pay	VBN
29364	201	54	off	off	RP
29364	201	55	or	or	CC
29364	201	56	renewed	renew	VBN
29364	201	57	.	.	.
29364	202	1	That	that	DT
29364	202	2	means	mean	VBZ
29364	202	3	that	that	IN
29364	202	4	the	the	DT
29364	202	5	quarter	quarter	NN
29364	202	6	of	of	IN
29364	202	7	a	a	DT
29364	202	8	billion	billion	CD
29364	202	9	dollars	dollar	NNS
29364	202	10	of	of	IN
29364	202	11	floating	float	VBG
29364	202	12	indebtedness	indebtedness	NN
29364	202	13	is	be	VBZ
29364	202	14	"	"	``
29364	202	15	turned	turn	VBN
29364	202	16	over	over	RP
29364	202	17	"	"	``
29364	202	18	four	four	CD
29364	202	19	times	time	NNS
29364	202	20	a	a	DT
29364	202	21	year	year	NN
29364	202	22	and	and	CC
29364	202	23	_	_	NNP
29364	202	24	that	that	IN
29364	202	25	_	_	NNP
29364	202	26	means	mean	VBZ
29364	202	27	that	that	IN
29364	202	28	every	every	DT
29364	202	29	year	year	NN
29364	202	30	the	the	DT
29364	202	31	rearrangement	rearrangement	NN
29364	202	32	of	of	IN
29364	202	33	these	these	DT
29364	202	34	loans	loan	NNS
29364	202	35	gives	give	VBZ
29364	202	36	rise	rise	NN
29364	202	37	to	to	IN
29364	202	38	a	a	DT
29364	202	39	demand	demand	NN
29364	202	40	for	for	IN
29364	202	41	a	a	DT
29364	202	42	billion	billion	CD
29364	202	43	dollars	dollar	NNS
29364	202	44	'	'	POS
29364	202	45	worth	worth	NN
29364	202	46	of	of	IN
29364	202	47	foreign	foreign	JJ
29364	202	48	exchange	exchange	NN
29364	202	49	.	.	.
29364	203	1	These	these	DT
29364	203	2	loaning	loan	VBG
29364	203	3	operations	operation	NNS
29364	203	4	,	,	,
29364	203	5	it	-PRON-	PRP
29364	203	6	must	must	MD
29364	203	7	be	be	VB
29364	203	8	understood	understand	VBN
29364	203	9	,	,	,
29364	203	10	both	both	DT
29364	203	11	originate	originate	VBP
29364	203	12	exchange	exchange	NN
29364	203	13	and	and	CC
29364	203	14	create	create	VB
29364	203	15	a	a	DT
29364	203	16	demand	demand	NN
29364	203	17	for	for	IN
29364	203	18	it	-PRON-	PRP
29364	203	19	.	.	.
29364	204	1	They	-PRON-	PRP
29364	204	2	are	be	VBP
29364	204	3	mentioned	mention	VBN
29364	204	4	,	,	,
29364	204	5	therefore	therefore	RB
29364	204	6	,	,	,
29364	204	7	in	in	IN
29364	204	8	the	the	DT
29364	204	9	preceding	precede	VBG
29364	204	10	chapter	chapter	NN
29364	204	11	,	,	,
29364	204	12	as	as	IN
29364	204	13	one	one	CD
29364	204	14	of	of	IN
29364	204	15	the	the	DT
29364	204	16	sources	source	NNS
29364	204	17	from	from	IN
29364	204	18	which	which	WDT
29364	204	19	exchange	exchange	NN
29364	204	20	originates	originate	VBZ
29364	204	21	,	,	,
29364	204	22	and	and	CC
29364	204	23	now	now	RB
29364	204	24	as	as	IN
29364	204	25	one	one	CD
29364	204	26	of	of	IN
29364	204	27	the	the	DT
29364	204	28	sources	source	NNS
29364	204	29	from	from	IN
29364	204	30	which	which	WDT
29364	204	31	,	,	,
29364	204	32	during	during	IN
29364	204	33	the	the	DT
29364	204	34	course	course	NN
29364	204	35	of	of	IN
29364	204	36	every	every	DT
29364	204	37	year	year	NN
29364	204	38	,	,	,
29364	204	39	springs	spring	VBZ
29364	204	40	a	a	DT
29364	204	41	demand	demand	NN
29364	204	42	for	for	IN
29364	204	43	a	a	DT
29364	204	44	very	very	RB
29364	204	45	great	great	JJ
29364	204	46	quantity	quantity	NN
29364	204	47	of	of	IN
29364	204	48	exchange	exchange	NN
29364	204	49	.	.	.
29364	205	1	The	the	DT
29364	205	2	six	six	CD
29364	205	3	sources	source	NNS
29364	205	4	of	of	IN
29364	205	5	demand	demand	NN
29364	205	6	for	for	IN
29364	205	7	exchange	exchange	NN
29364	205	8	,	,	,
29364	205	9	then	then	RB
29364	205	10	,	,	,
29364	205	11	are	be	VBP
29364	205	12	for	for	IN
29364	205	13	the	the	DT
29364	205	14	payment	payment	NN
29364	205	15	for	for	IN
29364	205	16	imports	import	NNS
29364	205	17	;	;	:
29364	205	18	for	for	IN
29364	205	19	securities	security	NNS
29364	205	20	purchased	purchase	VBN
29364	205	21	abroad	abroad	RB
29364	205	22	;	;	:
29364	205	23	for	for	IN
29364	205	24	the	the	DT
29364	205	25	remitting	remitting	JJ
29364	205	26	abroad	abroad	RB
29364	205	27	of	of	IN
29364	205	28	interest	interest	NN
29364	205	29	on	on	IN
29364	205	30	foreign	foreign	JJ
29364	205	31	capital	capital	NN
29364	205	32	invested	invest	VBN
29364	205	33	here	here	RB
29364	205	34	and	and	CC
29364	205	35	the	the	DT
29364	205	36	money	money	NN
29364	205	37	which	which	WDT
29364	205	38	foreigners	foreigner	VBZ
29364	205	39	in	in	IN
29364	205	40	this	this	DT
29364	205	41	country	country	NN
29364	205	42	send	send	VB
29364	205	43	home	home	RB
29364	205	44	;	;	:
29364	205	45	for	for	IN
29364	205	46	remitting	remit	VBG
29364	205	47	freight	freight	NN
29364	205	48	and	and	CC
29364	205	49	insurance	insurance	NN
29364	205	50	profits	profit	NNS
29364	205	51	earned	earn	VBN
29364	205	52	by	by	IN
29364	205	53	foreign	foreign	JJ
29364	205	54	companies	company	NNS
29364	205	55	here	here	RB
29364	205	56	;	;	:
29364	205	57	for	for	IN
29364	205	58	tourists	tourist	NNS
29364	205	59	'	'	POS
29364	205	60	expenses	expense	NNS
29364	205	61	abroad	abroad	RB
29364	205	62	;	;	:
29364	205	63	and	and	CC
29364	205	64	lastly	lastly	RB
29364	205	65	,	,	,
29364	205	66	for	for	IN
29364	205	67	the	the	DT
29364	205	68	paying	pay	VBG
29364	205	69	off	off	RP
29364	205	70	of	of	IN
29364	205	71	foreign	foreign	JJ
29364	205	72	loans	loan	NNS
29364	205	73	.	.	.
29364	206	1	From	from	IN
29364	206	2	these	these	DT
29364	206	3	sources	source	NNS
29364	206	4	spring	spring	VBP
29364	206	5	practically	practically	RB
29364	206	6	all	all	PDT
29364	206	7	the	the	DT
29364	206	8	demand	demand	NN
29364	206	9	for	for	IN
29364	206	10	exchange	exchange	NN
29364	206	11	.	.	.
29364	207	1	In	in	IN
29364	207	2	the	the	DT
29364	207	3	last	last	JJ
29364	207	4	chapter	chapter	NN
29364	207	5	there	there	EX
29364	207	6	were	be	VBD
29364	207	7	set	set	VBN
29364	207	8	forth	forth	RP
29364	207	9	the	the	DT
29364	207	10	principal	principal	JJ
29364	207	11	sources	source	NNS
29364	207	12	of	of	IN
29364	207	13	supply	supply	NN
29364	207	14	.	.	.
29364	208	1	With	with	IN
29364	208	2	a	a	DT
29364	208	3	clear	clear	JJ
29364	208	4	understanding	understanding	NN
29364	208	5	of	of	IN
29364	208	6	where	where	WRB
29364	208	7	exchange	exchange	NN
29364	208	8	comes	come	VBZ
29364	208	9	from	from	IN
29364	208	10	and	and	CC
29364	208	11	of	of	IN
29364	208	12	where	where	WRB
29364	208	13	it	-PRON-	PRP
29364	208	14	goes	go	VBZ
29364	208	15	,	,	,
29364	208	16	it	-PRON-	PRP
29364	208	17	ought	ought	MD
29364	208	18	now	now	RB
29364	208	19	to	to	TO
29364	208	20	be	be	VB
29364	208	21	possible	possible	JJ
29364	208	22	for	for	IN
29364	208	23	the	the	DT
29364	208	24	student	student	NN
29364	208	25	of	of	IN
29364	208	26	the	the	DT
29364	208	27	subject	subject	NN
29364	208	28	to	to	TO
29364	208	29	grasp	grasp	VB
29364	208	30	the	the	DT
29364	208	31	causes	cause	NNS
29364	208	32	which	which	WDT
29364	208	33	bear	bear	VBP
29364	208	34	on	on	IN
29364	208	35	the	the	DT
29364	208	36	movement	movement	NN
29364	208	37	of	of	IN
29364	208	38	exchange	exchange	NN
29364	208	39	rates	rate	NNS
29364	208	40	.	.	.
29364	209	1	That	that	DT
29364	209	2	subject	subject	NN
29364	209	3	will	will	MD
29364	209	4	accordingly	accordingly	RB
29364	209	5	be	be	VB
29364	209	6	taken	take	VBN
29364	209	7	up	up	RP
29364	209	8	in	in	IN
29364	209	9	the	the	DT
29364	209	10	next	next	JJ
29364	209	11	chapter	chapter	NN
29364	209	12	.	.	.
29364	210	1	CHAPTER	CHAPTER	NNP
29364	210	2	III	III	NNP
29364	210	3	THE	the	DT
29364	210	4	RISE	RISE	NNP
29364	210	5	AND	and	CC
29364	210	6	FALL	FALL	NNP
29364	210	7	OF	of	IN
29364	210	8	EXCHANGE	exchange	NN
29364	210	9	RATES	rate	NNS
29364	210	10	Granted	grant	VBD
29364	210	11	that	that	IN
29364	210	12	the	the	DT
29364	210	13	obligations	obligation	NNS
29364	210	14	to	to	IN
29364	210	15	each	each	DT
29364	210	16	other	other	JJ
29364	210	17	of	of	IN
29364	210	18	any	any	DT
29364	210	19	two	two	CD
29364	210	20	given	give	VBN
29364	210	21	countries	country	NNS
29364	210	22	foot	foot	VB
29364	210	23	up	up	IN
29364	210	24	to	to	IN
29364	210	25	the	the	DT
29364	210	26	same	same	JJ
29364	210	27	amount	amount	NN
29364	210	28	,	,	,
29364	210	29	it	-PRON-	PRP
29364	210	30	is	be	VBZ
29364	210	31	evident	evident	JJ
29364	210	32	that	that	IN
29364	210	33	the	the	DT
29364	210	34	rate	rate	NN
29364	210	35	of	of	IN
29364	210	36	exchange	exchange	NN
29364	210	37	will	will	MD
29364	210	38	remain	remain	VB
29364	210	39	exactly	exactly	RB
29364	210	40	at	at	IN
29364	210	41	the	the	DT
29364	210	42	gold	gold	NN
29364	210	43	par	par	NN
29364	210	44	--	--	:
29364	210	45	that	that	IN
29364	210	46	in	in	IN
29364	210	47	New	New	NNP
29364	210	48	York	York	NNP
29364	210	49	,	,	,
29364	210	50	for	for	IN
29364	210	51	instance	instance	NN
29364	210	52	,	,	,
29364	210	53	the	the	DT
29364	210	54	price	price	NN
29364	210	55	of	of	IN
29364	210	56	the	the	DT
29364	210	57	sovereign	sovereign	NN
29364	210	58	will	will	MD
29364	210	59	be	be	VB
29364	210	60	simply	simply	RB
29364	210	61	the	the	DT
29364	210	62	mint	mint	NN
29364	210	63	value	value	NN
29364	210	64	of	of	IN
29364	210	65	the	the	DT
29364	210	66	gold	gold	NN
29364	210	67	contained	contain	VBN
29364	210	68	in	in	IN
29364	210	69	the	the	DT
29364	210	70	sovereign	sovereign	NN
29364	210	71	.	.	.
29364	211	1	But	but	CC
29364	211	2	between	between	IN
29364	211	3	no	no	DT
29364	211	4	two	two	CD
29364	211	5	countries	country	NNS
29364	211	6	does	do	VBZ
29364	211	7	such	such	PDT
29364	211	8	a	a	DT
29364	211	9	condition	condition	NN
29364	211	10	exist	exist	VBP
29364	211	11	--	--	:
29364	211	12	take	take	VB
29364	211	13	any	any	DT
29364	211	14	two	two	CD
29364	211	15	,	,	,
29364	211	16	and	and	CC
29364	211	17	the	the	DT
29364	211	18	amount	amount	NN
29364	211	19	of	of	IN
29364	211	20	the	the	DT
29364	211	21	obligation	obligation	NN
29364	211	22	of	of	IN
29364	211	23	one	one	CD
29364	211	24	to	to	IN
29364	211	25	the	the	DT
29364	211	26	other	other	JJ
29364	211	27	changes	change	NNS
29364	211	28	every	every	DT
29364	211	29	day	day	NN
29364	211	30	,	,	,
29364	211	31	which	which	WDT
29364	211	32	causes	cause	VBZ
29364	211	33	a	a	DT
29364	211	34	continuous	continuous	JJ
29364	211	35	fluctuation	fluctuation	NN
29364	211	36	in	in	IN
29364	211	37	the	the	DT
29364	211	38	exchange	exchange	NN
29364	211	39	rate	rate	NN
29364	211	40	--	--	:
29364	211	41	sometimes	sometimes	RB
29364	211	42	up	up	RB
29364	211	43	from	from	IN
29364	211	44	the	the	DT
29364	211	45	mint	mint	NN
29364	211	46	par	par	NN
29364	211	47	,	,	,
29364	211	48	sometimes	sometimes	RB
29364	211	49	down	down	RB
29364	211	50	.	.	.
29364	212	1	Before	before	IN
29364	212	2	going	go	VBG
29364	212	3	on	on	RP
29364	212	4	to	to	TO
29364	212	5	discuss	discuss	VB
29364	212	6	the	the	DT
29364	212	7	various	various	JJ
29364	212	8	causes	cause	NNS
29364	212	9	influencing	influence	VBG
29364	212	10	the	the	DT
29364	212	11	movement	movement	NN
29364	212	12	of	of	IN
29364	212	13	exchange	exchange	NN
29364	212	14	rates	rate	NNS
29364	212	15	,	,	,
29364	212	16	there	there	EX
29364	212	17	is	be	VBZ
29364	212	18	one	one	CD
29364	212	19	point	point	NN
29364	212	20	which	which	WDT
29364	212	21	should	should	MD
29364	212	22	be	be	VB
29364	212	23	very	very	RB
29364	212	24	clearly	clearly	RB
29364	212	25	understood	understand	VBN
29364	212	26	.	.	.
29364	213	1	_	_	NNP
29364	213	2	Two	Two	NNP
29364	213	3	_	_	NNP
29364	213	4	countries	country	NNS
29364	213	5	,	,	,
29364	213	6	at	at	IN
29364	213	7	least	least	JJS
29364	213	8	,	,	,
29364	213	9	are	be	VBP
29364	213	10	concerned	concern	VBN
29364	213	11	in	in	IN
29364	213	12	the	the	DT
29364	213	13	fluctuation	fluctuation	NN
29364	213	14	of	of	IN
29364	213	15	every	every	DT
29364	213	16	rate	rate	NN
29364	213	17	.	.	.
29364	214	1	Take	take	VB
29364	214	2	,	,	,
29364	214	3	for	for	IN
29364	214	4	example	example	NN
29364	214	5	,	,	,
29364	214	6	London	London	NNP
29364	214	7	and	and	CC
29364	214	8	New	New	NNP
29364	214	9	York	York	NNP
29364	214	10	,	,	,
29364	214	11	and	and	CC
29364	214	12	assume	assume	VB
29364	214	13	that	that	IN
29364	214	14	,	,	,
29364	214	15	at	at	IN
29364	214	16	New	New	NNP
29364	214	17	York	York	NNP
29364	214	18	,	,	,
29364	214	19	exchange	exchange	NN
29364	214	20	on	on	IN
29364	214	21	London	London	NNP
29364	214	22	is	be	VBZ
29364	214	23	falling	fall	VBG
29364	214	24	.	.	.
29364	215	1	That	that	IN
29364	215	2	in	in	IN
29364	215	3	itself	-PRON-	PRP
29364	215	4	means	mean	VBZ
29364	215	5	that	that	IN
29364	215	6	,	,	,
29364	215	7	in	in	IN
29364	215	8	London	London	NNP
29364	215	9	,	,	,
29364	215	10	exchange	exchange	NN
29364	215	11	on	on	IN
29364	215	12	New	New	NNP
29364	215	13	York	York	NNP
29364	215	14	is	be	VBZ
29364	215	15	rising	rise	VBG
29364	215	16	.	.	.
29364	216	1	For	for	IN
29364	216	2	the	the	DT
29364	216	3	sake	sake	NN
29364	216	4	of	of	IN
29364	216	5	clearness	clearness	NN
29364	216	6	,	,	,
29364	216	7	in	in	IN
29364	216	8	the	the	DT
29364	216	9	ensuing	ensue	VBG
29364	216	10	discussion	discussion	NN
29364	216	11	of	of	IN
29364	216	12	the	the	DT
29364	216	13	influences	influence	NNS
29364	216	14	tending	tend	VBG
29364	216	15	to	to	TO
29364	216	16	raise	raise	VB
29364	216	17	and	and	CC
29364	216	18	lower	low	JJR
29364	216	19	exchange	exchange	NN
29364	216	20	rates	rate	NNS
29364	216	21	,	,	,
29364	216	22	New	New	NNP
29364	216	23	York	York	NNP
29364	216	24	is	be	VBZ
29364	216	25	chosen	choose	VBN
29364	216	26	as	as	IN
29364	216	27	the	the	DT
29364	216	28	point	point	NN
29364	216	29	at	at	IN
29364	216	30	which	which	WDT
29364	216	31	these	these	DT
29364	216	32	influences	influence	NNS
29364	216	33	are	be	VBP
29364	216	34	operative	operative	JJ
29364	216	35	.	.	.
29364	217	1	Consideration	consideration	NN
29364	217	2	will	will	MD
29364	217	3	be	be	VB
29364	217	4	given	give	VBN
29364	217	5	first	first	RB
29364	217	6	to	to	IN
29364	217	7	the	the	DT
29364	217	8	influences	influence	NNS
29364	217	9	which	which	WDT
29364	217	10	cause	cause	VBP
29364	217	11	exchange	exchange	NN
29364	217	12	to	to	TO
29364	217	13	go	go	VB
29364	217	14	up	up	RP
29364	217	15	.	.	.
29364	218	1	In	in	IN
29364	218	2	a	a	DT
29364	218	3	general	general	JJ
29364	218	4	way	way	NN
29364	218	5	,	,	,
29364	218	6	it	-PRON-	PRP
29364	218	7	will	will	MD
29364	218	8	be	be	VB
29364	218	9	noticed	notice	VBN
29364	218	10	,	,	,
29364	218	11	they	-PRON-	PRP
29364	218	12	conform	conform	VBP
29364	218	13	with	with	IN
29364	218	14	the	the	DT
29364	218	15	sources	source	NNS
29364	218	16	of	of	IN
29364	218	17	demand	demand	NN
29364	218	18	for	for	IN
29364	218	19	exchange	exchange	NN
29364	218	20	given	give	VBN
29364	218	21	in	in	IN
29364	218	22	the	the	DT
29364	218	23	previous	previous	JJ
29364	218	24	chapter	chapter	NN
29364	218	25	.	.	.
29364	219	1	They	-PRON-	PRP
29364	219	2	may	may	MD
29364	219	3	be	be	VB
29364	219	4	classified	classify	VBN
29364	219	5	about	about	IN
29364	219	6	as	as	IN
29364	219	7	follows	follow	VBZ
29364	219	8	:	:	:
29364	219	9	1	1	CD
29364	219	10	.	.	.
29364	220	1	Large	large	JJ
29364	220	2	imports	import	NNS
29364	220	3	,	,	,
29364	220	4	calling	call	VBG
29364	220	5	for	for	IN
29364	220	6	large	large	JJ
29364	220	7	amounts	amount	NNS
29364	220	8	of	of	IN
29364	220	9	exchange	exchange	NN
29364	220	10	with	with	IN
29364	220	11	which	which	WDT
29364	220	12	to	to	TO
29364	220	13	make	make	VB
29364	220	14	the	the	DT
29364	220	15	necessary	necessary	JJ
29364	220	16	payments	payment	NNS
29364	220	17	.	.	.
29364	221	1	2	2	LS
29364	221	2	.	.	.
29364	222	1	Large	large	JJ
29364	222	2	purchases	purchase	NNS
29364	222	3	of	of	IN
29364	222	4	foreign	foreign	JJ
29364	222	5	securities	security	NNS
29364	222	6	by	by	IN
29364	222	7	us	-PRON-	PRP
29364	222	8	,	,	,
29364	222	9	or	or	CC
29364	222	10	repurchase	repurchase	VBD
29364	222	11	of	of	IN
29364	222	12	our	-PRON-	PRP$
29364	222	13	own	own	JJ
29364	222	14	securities	security	NNS
29364	222	15	abroad	abroad	RB
29364	222	16	,	,	,
29364	222	17	calling	call	VBG
29364	222	18	for	for	IN
29364	222	19	large	large	JJ
29364	222	20	amounts	amount	NNS
29364	222	21	of	of	IN
29364	222	22	exchange	exchange	NN
29364	222	23	with	with	IN
29364	222	24	which	which	WDT
29364	222	25	to	to	TO
29364	222	26	make	make	VB
29364	222	27	payment	payment	NN
29364	222	28	.	.	.
29364	223	1	3	3	LS
29364	223	2	.	.	.
29364	224	1	Coming	come	VBG
29364	224	2	to	to	IN
29364	224	3	maturity	maturity	NN
29364	224	4	of	of	IN
29364	224	5	issues	issue	NNS
29364	224	6	of	of	IN
29364	224	7	American	american	JJ
29364	224	8	bonds	bond	NNS
29364	224	9	held	hold	VBN
29364	224	10	abroad	abroad	RB
29364	224	11	.	.	.
29364	225	1	4	4	LS
29364	225	2	.	.	.
29364	226	1	Low	low	JJ
29364	226	2	money	money	NN
29364	226	3	rates	rate	NNS
29364	226	4	here	here	RB
29364	226	5	,	,	,
29364	226	6	which	which	WDT
29364	226	7	result	result	VBP
29364	226	8	in	in	IN
29364	226	9	a	a	DT
29364	226	10	demand	demand	NN
29364	226	11	for	for	IN
29364	226	12	exchange	exchange	NN
29364	226	13	with	with	IN
29364	226	14	which	which	WDT
29364	226	15	to	to	TO
29364	226	16	send	send	VB
29364	226	17	banking	banking	NN
29364	226	18	capital	capital	NN
29364	226	19	out	out	IN
29364	226	20	of	of	IN
29364	226	21	the	the	DT
29364	226	22	country	country	NN
29364	226	23	.	.	.
29364	227	1	5	5	CD
29364	227	2	.	.	.
29364	228	1	High	high	JJ
29364	228	2	money	money	NN
29364	228	3	rates	rate	NNS
29364	228	4	at	at	IN
29364	228	5	some	some	DT
29364	228	6	foreign	foreign	JJ
29364	228	7	centre	centre	NN
29364	228	8	which	which	WDT
29364	228	9	create	create	VBP
29364	228	10	a	a	DT
29364	228	11	great	great	JJ
29364	228	12	demand	demand	NN
29364	228	13	for	for	IN
29364	228	14	exchange	exchange	NN
29364	228	15	drawn	draw	VBN
29364	228	16	on	on	IN
29364	228	17	that	that	DT
29364	228	18	centre	centre	NN
29364	228	19	.	.	.
29364	229	1	1	1	LS
29364	229	2	.	.	.
29364	230	1	Heavy	heavy	JJ
29364	230	2	imports	import	NNS
29364	230	3	are	be	VBP
29364	230	4	always	always	RB
29364	230	5	a	a	DT
29364	230	6	potent	potent	JJ
29364	230	7	factor	factor	NN
29364	230	8	in	in	IN
29364	230	9	raising	raise	VBG
29364	230	10	the	the	DT
29364	230	11	level	level	NN
29364	230	12	of	of	IN
29364	230	13	exchange	exchange	NN
29364	230	14	rates	rate	NNS
29364	230	15	.	.	.
29364	231	1	Under	under	IN
29364	231	2	whatever	whatever	WDT
29364	231	3	financial	financial	JJ
29364	231	4	arrangement	arrangement	NN
29364	231	5	or	or	CC
29364	231	6	from	from	IN
29364	231	7	whatever	whatever	WDT
29364	231	8	point	point	NN
29364	231	9	merchandise	merchandise	NN
29364	231	10	is	be	VBZ
29364	231	11	imported	import	VBN
29364	231	12	into	into	IN
29364	231	13	the	the	DT
29364	231	14	United	United	NNP
29364	231	15	States	States	NNP
29364	231	16	,	,	,
29364	231	17	payment	payment	NN
29364	231	18	is	be	VBZ
29364	231	19	almost	almost	RB
29364	231	20	invariably	invariably	RB
29364	231	21	made	make	VBN
29364	231	22	by	by	IN
29364	231	23	draft	draft	NN
29364	231	24	on	on	IN
29364	231	25	London	London	NNP
29364	231	26	,	,	,
29364	231	27	Paris	Paris	NNP
29364	231	28	,	,	,
29364	231	29	or	or	CC
29364	231	30	Berlin	Berlin	NNP
29364	231	31	.	.	.
29364	232	1	At	at	IN
29364	232	2	times	time	NNS
29364	232	3	when	when	WRB
29364	232	4	imports	import	NNS
29364	232	5	run	run	VBP
29364	232	6	especially	especially	RB
29364	232	7	heavy	heavy	JJ
29364	232	8	,	,	,
29364	232	9	demand	demand	NN
29364	232	10	from	from	IN
29364	232	11	importers	importer	NNS
29364	232	12	for	for	IN
29364	232	13	exchange	exchange	NN
29364	232	14	often	often	RB
29364	232	15	outweighs	outweigh	VBZ
29364	232	16	every	every	DT
29364	232	17	other	other	JJ
29364	232	18	consideration	consideration	NN
29364	232	19	,	,	,
29364	232	20	forcing	force	VBG
29364	232	21	rates	rate	NNS
29364	232	22	up	up	RB
29364	232	23	to	to	IN
29364	232	24	high	high	JJ
29364	232	25	levels	level	NNS
29364	232	26	.	.	.
29364	233	1	A	a	DT
29364	233	2	practical	practical	JJ
29364	233	3	illustration	illustration	NN
29364	233	4	is	be	VBZ
29364	233	5	to	to	TO
29364	233	6	be	be	VB
29364	233	7	found	find	VBN
29364	233	8	in	in	IN
29364	233	9	the	the	DT
29364	233	10	inpour	inpour	NN
29364	233	11	of	of	IN
29364	233	12	merchandise	merchandise	NN
29364	233	13	which	which	WDT
29364	233	14	took	take	VBD
29364	233	15	place	place	NN
29364	233	16	just	just	RB
29364	233	17	before	before	IN
29364	233	18	the	the	DT
29364	233	19	tariff	tariff	NN
29364	233	20	legislation	legislation	NN
29364	233	21	in	in	IN
29364	233	22	1909	1909	CD
29364	233	23	.	.	.
29364	234	1	Convinced	convince	VBN
29364	234	2	that	that	IN
29364	234	3	duties	duty	NNS
29364	234	4	were	be	VBD
29364	234	5	to	to	TO
29364	234	6	be	be	VB
29364	234	7	raised	raise	VBN
29364	234	8	,	,	,
29364	234	9	importers	importer	NNS
29364	234	10	rushed	rush	VBD
29364	234	11	millions	million	NNS
29364	234	12	of	of	IN
29364	234	13	dollars	dollar	NNS
29364	234	14	'	'	POS
29364	234	15	worth	worth	NN
29364	234	16	of	of	IN
29364	234	17	merchandise	merchandise	NN
29364	234	18	of	of	IN
29364	234	19	every	every	DT
29364	234	20	description	description	NN
29364	234	21	into	into	IN
29364	234	22	the	the	DT
29364	234	23	country	country	NN
29364	234	24	.	.	.
29364	235	1	The	the	DT
29364	235	2	result	result	NN
29364	235	3	was	be	VBD
29364	235	4	that	that	IN
29364	235	5	the	the	DT
29364	235	6	demand	demand	NN
29364	235	7	for	for	IN
29364	235	8	exchange	exchange	NN
29364	235	9	became	become	VBD
29364	235	10	so	so	RB
29364	235	11	great	great	JJ
29364	235	12	that	that	IN
29364	235	13	in	in	IN
29364	235	14	spite	spite	NN
29364	235	15	of	of	IN
29364	235	16	the	the	DT
29364	235	17	fact	fact	NN
29364	235	18	that	that	IN
29364	235	19	it	-PRON-	PRP
29364	235	20	was	be	VBD
29364	235	21	the	the	DT
29364	235	22	season	season	NN
29364	235	23	when	when	WRB
29364	235	24	exports	export	NNS
29364	235	25	normally	normally	RB
29364	235	26	meant	mean	VBD
29364	235	27	low	low	JJ
29364	235	28	exchange	exchange	NN
29364	235	29	,	,	,
29364	235	30	rates	rate	NNS
29364	235	31	were	be	VBD
29364	235	32	pushed	push	VBN
29364	235	33	up	up	IN
29364	235	34	to	to	IN
29364	235	35	the	the	DT
29364	235	36	gold	gold	NN
29364	235	37	export	export	NN
29364	235	38	point	point	NN
29364	235	39	.	.	.
29364	236	1	2	2	LS
29364	236	2	.	.	.
29364	237	1	Heavy	heavy	JJ
29364	237	2	purchasing	purchase	VBG
29364	237	3	movements	movement	NNS
29364	237	4	of	of	IN
29364	237	5	our	-PRON-	PRP$
29364	237	6	own	own	JJ
29364	237	7	or	or	CC
29364	237	8	foreign	foreign	JJ
29364	237	9	securities	security	NNS
29364	237	10	,	,	,
29364	237	11	on	on	IN
29364	237	12	the	the	DT
29364	237	13	other	other	JJ
29364	237	14	side	side	NN
29364	237	15	,	,	,
29364	237	16	are	be	VBP
29364	237	17	the	the	DT
29364	237	18	second	second	JJ
29364	237	19	great	great	JJ
29364	237	20	influence	influence	NN
29364	237	21	making	make	VBG
29364	237	22	for	for	IN
29364	237	23	high	high	JJ
29364	237	24	exchange	exchange	NN
29364	237	25	.	.	.
29364	238	1	There	there	EX
29364	238	2	come	come	VBP
29364	238	3	times	time	NNS
29364	238	4	when	when	WRB
29364	238	5	,	,	,
29364	238	6	for	for	IN
29364	238	7	one	one	CD
29364	238	8	reason	reason	NN
29364	238	9	or	or	CC
29364	238	10	another	another	DT
29364	238	11	,	,	,
29364	238	12	the	the	DT
29364	238	13	movement	movement	NN
29364	238	14	of	of	IN
29364	238	15	securities	security	NNS
29364	238	16	is	be	VBZ
29364	238	17	all	all	DT
29364	238	18	one	one	CD
29364	238	19	way	way	NN
29364	238	20	,	,	,
29364	238	21	and	and	CC
29364	238	22	when	when	WRB
29364	238	23	it	-PRON-	PRP
29364	238	24	happens	happen	VBZ
29364	238	25	that	that	IN
29364	238	26	for	for	IN
29364	238	27	any	any	DT
29364	238	28	cause	cause	NN
29364	238	29	we	-PRON-	PRP
29364	238	30	are	be	VBP
29364	238	31	the	the	DT
29364	238	32	ones	one	NNS
29364	238	33	who	who	WP
29364	238	34	are	be	VBP
29364	238	35	doing	do	VBG
29364	238	36	the	the	DT
29364	238	37	buying	buying	NN
29364	238	38	,	,	,
29364	238	39	the	the	DT
29364	238	40	exchange	exchange	NN
29364	238	41	market	market	NN
29364	238	42	is	be	VBZ
29364	238	43	likely	likely	JJ
29364	238	44	to	to	TO
29364	238	45	be	be	VB
29364	238	46	sharply	sharply	RB
29364	238	47	influenced	influence	VBN
29364	238	48	upward	upward	RB
29364	238	49	by	by	IN
29364	238	50	the	the	DT
29364	238	51	demand	demand	NN
29364	238	52	for	for	IN
29364	238	53	bills	bill	NNS
29364	238	54	with	with	IN
29364	238	55	which	which	WDT
29364	238	56	to	to	TO
29364	238	57	make	make	VB
29364	238	58	payments	payment	NNS
29364	238	59	.	.	.
29364	239	1	Such	such	JJ
29364	239	2	movements	movement	NNS
29364	239	3	on	on	IN
29364	239	4	a	a	DT
29364	239	5	greater	great	JJR
29364	239	6	or	or	CC
29364	239	7	less	less	JJR
29364	239	8	scale	scale	NN
29364	239	9	go	go	VB
29364	239	10	on	on	IN
29364	239	11	all	all	PDT
29364	239	12	the	the	DT
29364	239	13	time	time	NN
29364	239	14	and	and	CC
29364	239	15	constitute	constitute	VB
29364	239	16	one	one	CD
29364	239	17	of	of	IN
29364	239	18	the	the	DT
29364	239	19	principal	principal	JJ
29364	239	20	factors	factor	NNS
29364	239	21	which	which	WDT
29364	239	22	exchange	exchange	NN
29364	239	23	managers	manager	NNS
29364	239	24	take	take	VBP
29364	239	25	into	into	IN
29364	239	26	consideration	consideration	NN
29364	239	27	in	in	IN
29364	239	28	making	make	VBG
29364	239	29	their	-PRON-	PRP$
29364	239	30	estimate	estimate	NN
29364	239	31	of	of	IN
29364	239	32	possible	possible	JJ
29364	239	33	exchange	exchange	NN
29364	239	34	market	market	NN
29364	239	35	fluctuations	fluctuation	NNS
29364	239	36	.	.	.
29364	240	1	It	-PRON-	PRP
29364	240	2	is	be	VBZ
29364	240	3	interesting	interesting	JJ
29364	240	4	,	,	,
29364	240	5	for	for	IN
29364	240	6	instance	instance	NN
29364	240	7	,	,	,
29364	240	8	to	to	TO
29364	240	9	note	note	VB
29364	240	10	the	the	DT
29364	240	11	movement	movement	NN
29364	240	12	of	of	IN
29364	240	13	foreign	foreign	JJ
29364	240	14	exchange	exchange	NN
29364	240	15	at	at	IN
29364	240	16	times	time	NNS
29364	240	17	when	when	WRB
29364	240	18	a	a	DT
29364	240	19	heavy	heavy	JJ
29364	240	20	selling	selling	NN
29364	240	21	movement	movement	NN
29364	240	22	of	of	IN
29364	240	23	American	american	JJ
29364	240	24	stocks	stock	NNS
29364	240	25	by	by	IN
29364	240	26	the	the	DT
29364	240	27	foreigners	foreigner	NNS
29364	240	28	is	be	VBZ
29364	240	29	under	under	IN
29364	240	30	way	way	NN
29364	240	31	.	.	.
29364	241	1	Origin	origin	NN
29364	241	2	of	of	IN
29364	241	3	security	security	NN
29364	241	4	-	-	HYPH
29364	241	5	selling	selling	NN
29364	241	6	on	on	IN
29364	241	7	the	the	DT
29364	241	8	Stock	Stock	NNP
29364	241	9	Exchange	Exchange	NNP
29364	241	10	is	be	VBZ
29364	241	11	by	by	IN
29364	241	12	no	no	DT
29364	241	13	means	means	NN
29364	241	14	easy	easy	JJ
29364	241	15	to	to	TO
29364	241	16	trace	trace	VB
29364	241	17	,	,	,
29364	241	18	but	but	CC
29364	241	19	there	there	EX
29364	241	20	are	be	VBP
29364	241	21	times	time	NNS
29364	241	22	when	when	WRB
29364	241	23	the	the	DT
29364	241	24	character	character	NN
29364	241	25	of	of	IN
29364	241	26	the	the	DT
29364	241	27	brokers	broker	NNS
29364	241	28	doing	do	VBG
29364	241	29	the	the	DT
29364	241	30	selling	selling	NN
29364	241	31	and	and	CC
29364	241	32	the	the	DT
29364	241	33	very	very	JJ
29364	241	34	nature	nature	NN
29364	241	35	of	of	IN
29364	241	36	the	the	DT
29364	241	37	stocks	stock	NNS
29364	241	38	being	be	VBG
29364	241	39	disposed	dispose	VBN
29364	241	40	of	of	IN
29364	241	41	mean	mean	NN
29364	241	42	much	much	JJ
29364	241	43	to	to	IN
29364	241	44	the	the	DT
29364	241	45	experienced	experienced	JJ
29364	241	46	eye	eye	NN
29364	241	47	.	.	.
29364	242	1	Take	take	VB
29364	242	2	,	,	,
29364	242	3	for	for	IN
29364	242	4	instance	instance	NN
29364	242	5	,	,	,
29364	242	6	a	a	DT
29364	242	7	day	day	NN
29364	242	8	when	when	WRB
29364	242	9	half	half	PDT
29364	242	10	a	a	DT
29364	242	11	dozen	dozen	NN
29364	242	12	brokers	broker	NNS
29364	242	13	usually	usually	RB
29364	242	14	identified	identify	VBN
29364	242	15	with	with	IN
29364	242	16	the	the	DT
29364	242	17	operations	operation	NNS
29364	242	18	of	of	IN
29364	242	19	the	the	DT
29364	242	20	international	international	JJ
29364	242	21	houses	house	NNS
29364	242	22	are	be	VBP
29364	242	23	consistently	consistently	RB
29364	242	24	selling	sell	VBG
29364	242	25	such	such	JJ
29364	242	26	stocks	stock	NNS
29364	242	27	as	as	IN
29364	242	28	Missouri	Missouri	NNP
29364	242	29	,	,	,
29364	242	30	Kansas	Kansas	NNP
29364	242	31	&	&	CC
29364	242	32	Texas	Texas	NNP
29364	242	33	,	,	,
29364	242	34	Baltimore	Baltimore	NNP
29364	242	35	&	&	CC
29364	242	36	Ohio	Ohio	NNP
29364	242	37	,	,	,
29364	242	38	or	or	CC
29364	242	39	Canadian	Canadian	NNP
29364	242	40	Pacific	Pacific	NNP
29364	242	41	--	--	:
29364	242	42	whether	whether	IN
29364	242	43	or	or	CC
29364	242	44	not	not	RB
29364	242	45	the	the	DT
29364	242	46	inference	inference	NN
29364	242	47	that	that	IN
29364	242	48	the	the	DT
29364	242	49	selling	selling	NN
29364	242	50	is	be	VBZ
29364	242	51	for	for	IN
29364	242	52	foreign	foreign	JJ
29364	242	53	account	account	NN
29364	242	54	is	be	VBZ
29364	242	55	correct	correct	JJ
29364	242	56	can	can	MD
29364	242	57	very	very	RB
29364	242	58	probably	probably	RB
29364	242	59	be	be	VB
29364	242	60	read	read	VBN
29364	242	61	from	from	IN
29364	242	62	the	the	DT
29364	242	63	movement	movement	NN
29364	242	64	of	of	IN
29364	242	65	the	the	DT
29364	242	66	exchange	exchange	NN
29364	242	67	market	market	NN
29364	242	68	.	.	.
29364	243	1	If	if	IN
29364	243	2	it	-PRON-	PRP
29364	243	3	is	be	VBZ
29364	243	4	the	the	DT
29364	243	5	case	case	NN
29364	243	6	that	that	IN
29364	243	7	the	the	DT
29364	243	8	selling	selling	NN
29364	243	9	comes	come	VBZ
29364	243	10	from	from	IN
29364	243	11	abroad	abroad	RB
29364	243	12	and	and	CC
29364	243	13	that	that	IN
29364	243	14	_	_	NNP
29364	243	15	we	-PRON-	PRP
29364	243	16	_	_	NNP
29364	243	17	are	be	VBP
29364	243	18	buying	buy	VBG
29364	243	19	,	,	,
29364	243	20	large	large	JJ
29364	243	21	orders	order	NNS
29364	243	22	for	for	IN
29364	243	23	foreign	foreign	JJ
29364	243	24	exchange	exchange	NN
29364	243	25	are	be	VBP
29364	243	26	almost	almost	RB
29364	243	27	certain	certain	JJ
29364	243	28	to	to	TO
29364	243	29	make	make	VB
29364	243	30	their	-PRON-	PRP$
29364	243	31	appearance	appearance	NN
29364	243	32	and	and	CC
29364	243	33	to	to	TO
29364	243	34	give	give	VB
29364	243	35	the	the	DT
29364	243	36	market	market	NN
29364	243	37	a	a	DT
29364	243	38	very	very	RB
29364	243	39	strong	strong	JJ
29364	243	40	tone	tone	NN
29364	243	41	if	if	IN
29364	243	42	not	not	RB
29364	243	43	actually	actually	RB
29364	243	44	to	to	TO
29364	243	45	urge	urge	VB
29364	243	46	it	-PRON-	PRP
29364	243	47	sharply	sharply	RB
29364	243	48	upward	upward	RB
29364	243	49	.	.	.
29364	244	1	Such	such	JJ
29364	244	2	orders	order	NNS
29364	244	3	are	be	VBP
29364	244	4	not	not	RB
29364	244	5	likely	likely	JJ
29364	244	6	to	to	TO
29364	244	7	be	be	VB
29364	244	8	handled	handle	VBN
29364	244	9	in	in	IN
29364	244	10	a	a	DT
29364	244	11	way	way	NN
29364	244	12	which	which	WDT
29364	244	13	makes	make	VBZ
29364	244	14	them	-PRON-	PRP
29364	244	15	apparent	apparent	JJ
29364	244	16	to	to	IN
29364	244	17	everybody	everybody	NN
29364	244	18	,	,	,
29364	244	19	but	but	CC
29364	244	20	as	as	IN
29364	244	21	a	a	DT
29364	244	22	rule	rule	NN
29364	244	23	it	-PRON-	PRP
29364	244	24	is	be	VBZ
29364	244	25	impossible	impossible	JJ
29364	244	26	to	to	TO
29364	244	27	execute	execute	VB
29364	244	28	them	-PRON-	PRP
29364	244	29	without	without	IN
29364	244	30	creating	create	VBG
29364	244	31	a	a	DT
29364	244	32	condition	condition	NN
29364	244	33	in	in	IN
29364	244	34	the	the	DT
29364	244	35	exchange	exchange	NN
29364	244	36	market	market	NN
29364	244	37	apparent	apparent	JJ
29364	244	38	to	to	IN
29364	244	39	every	every	DT
29364	244	40	shrewd	shrewd	JJ
29364	244	41	observer	observer	NN
29364	244	42	.	.	.
29364	245	1	And	and	CC
29364	245	2	,	,	,
29364	245	3	as	as	IN
29364	245	4	a	a	DT
29364	245	5	matter	matter	NN
29364	245	6	of	of	IN
29364	245	7	fact	fact	NN
29364	245	8	,	,	,
29364	245	9	many	many	PDT
29364	245	10	an	an	DT
29364	245	11	operation	operation	NN
29364	245	12	in	in	IN
29364	245	13	the	the	DT
29364	245	14	international	international	JJ
29364	245	15	stocks	stock	NNS
29364	245	16	is	be	VBZ
29364	245	17	based	base	VBN
29364	245	18	upon	upon	IN
29364	245	19	judgment	judgment	NN
29364	245	20	as	as	IN
29364	245	21	to	to	IN
29364	245	22	what	what	WP
29364	245	23	the	the	DT
29364	245	24	action	action	NN
29364	245	25	of	of	IN
29364	245	26	the	the	DT
29364	245	27	exchange	exchange	NN
29364	245	28	market	market	NN
29364	245	29	portends	portend	NNS
29364	245	30	.	.	.
29364	246	1	Similarly	similarly	RB
29364	246	2	--	--	:
29364	246	3	the	the	DT
29364	246	4	other	other	JJ
29364	246	5	way	way	NN
29364	246	6	around	around	RB
29364	246	7	--	--	:
29364	246	8	exchange	exchange	NN
29364	246	9	managers	manager	NNS
29364	246	10	very	very	RB
29364	246	11	frequently	frequently	RB
29364	246	12	operate	operate	VBP
29364	246	13	in	in	IN
29364	246	14	exchange	exchange	NN
29364	246	15	on	on	IN
29364	246	16	the	the	DT
29364	246	17	strength	strength	NN
29364	246	18	of	of	IN
29364	246	19	what	what	WP
29364	246	20	they	-PRON-	PRP
29364	246	21	judge	judge	VBP
29364	246	22	or	or	CC
29364	246	23	know	know	VBP
29364	246	24	is	be	VBZ
29364	246	25	going	go	VBG
29364	246	26	to	to	TO
29364	246	27	happen	happen	VB
29364	246	28	in	in	IN
29364	246	29	the	the	DT
29364	246	30	market	market	NN
29364	246	31	for	for	IN
29364	246	32	the	the	DT
29364	246	33	international	international	JJ
29364	246	34	stocks	stock	NNS
29364	246	35	.	.	.
29364	247	1	With	with	IN
29364	247	2	the	the	DT
29364	247	3	exchange	exchange	NN
29364	247	4	market	market	NN
29364	247	5	sensitive	sensitive	JJ
29364	247	6	to	to	IN
29364	247	7	developments	development	NNS
29364	247	8	,	,	,
29364	247	9	knowledge	knowledge	NN
29364	247	10	that	that	IN
29364	247	11	there	there	EX
29364	247	12	is	be	VBZ
29364	247	13	to	to	TO
29364	247	14	be	be	VB
29364	247	15	heavy	heavy	JJ
29364	247	16	selling	selling	NN
29364	247	17	in	in	IN
29364	247	18	some	some	DT
29364	247	19	quarter	quarter	NN
29364	247	20	of	of	IN
29364	247	21	the	the	DT
29364	247	22	stock	stock	NN
29364	247	23	market	market	NN
29364	247	24	,	,	,
29364	247	25	from	from	IN
29364	247	26	abroad	abroad	RB
29364	247	27	,	,	,
29364	247	28	is	be	VBZ
29364	247	29	almost	almost	RB
29364	247	30	equivalent	equivalent	JJ
29364	247	31	to	to	IN
29364	247	32	knowledge	knowledge	NN
29364	247	33	of	of	IN
29364	247	34	a	a	DT
29364	247	35	coming	come	VBG
29364	247	36	sharp	sharp	JJ
29364	247	37	rise	rise	NN
29364	247	38	in	in	IN
29364	247	39	exchange	exchange	NN
29364	247	40	on	on	IN
29364	247	41	London	London	NNP
29364	247	42	.	.	.
29364	248	1	Perhaps	perhaps	RB
29364	248	2	the	the	DT
29364	248	3	best	good	JJS
29364	248	4	illustration	illustration	NN
29364	248	5	of	of	IN
29364	248	6	how	how	WRB
29364	248	7	exchange	exchange	NN
29364	248	8	can	can	MD
29364	248	9	be	be	VB
29364	248	10	affected	affect	VBN
29364	248	11	by	by	IN
29364	248	12	foreign	foreign	JJ
29364	248	13	selling	selling	NN
29364	248	14	of	of	IN
29364	248	15	our	-PRON-	PRP$
29364	248	16	securities	security	NNS
29364	248	17	occurred	occur	VBD
29364	248	18	just	just	RB
29364	248	19	after	after	IN
29364	248	20	the	the	DT
29364	248	21	beginning	beginning	NN
29364	248	22	of	of	IN
29364	248	23	the	the	DT
29364	248	24	panic	panic	NN
29364	248	25	period	period	NN
29364	248	26	in	in	IN
29364	248	27	October	October	NNP
29364	248	28	of	of	IN
29364	248	29	1907	1907	CD
29364	248	30	.	.	.
29364	249	1	Under	under	IN
29364	249	2	continuous	continuous	JJ
29364	249	3	withdrawals	withdrawal	NNS
29364	249	4	of	of	IN
29364	249	5	New	New	NNP
29364	249	6	York	York	NNP
29364	249	7	capital	capital	NN
29364	249	8	from	from	IN
29364	249	9	the	the	DT
29364	249	10	foreign	foreign	JJ
29364	249	11	markets	market	NNS
29364	249	12	,	,	,
29364	249	13	exchange	exchange	NN
29364	249	14	had	have	VBD
29364	249	15	sold	sell	VBN
29364	249	16	down	down	RP
29364	249	17	to	to	IN
29364	249	18	a	a	DT
29364	249	19	very	very	RB
29364	249	20	low	low	JJ
29364	249	21	point	point	NN
29364	249	22	.	.	.
29364	250	1	Suddenly	suddenly	RB
29364	250	2	came	come	VBD
29364	250	3	the	the	DT
29364	250	4	memorable	memorable	JJ
29364	250	5	selling	selling	NN
29364	250	6	movement	movement	NN
29364	250	7	of	of	IN
29364	250	8	"	"	``
29364	250	9	Americans	Americans	NNPS
29364	250	10	"	"	''
29364	250	11	by	by	IN
29364	250	12	English	english	JJ
29364	250	13	and	and	CC
29364	250	14	German	german	JJ
29364	250	15	investors	investor	NNS
29364	250	16	.	.	.
29364	251	1	Within	within	IN
29364	251	2	two	two	CD
29364	251	3	or	or	CC
29364	251	4	three	three	CD
29364	251	5	days	day	NNS
29364	251	6	perhaps	perhaps	RB
29364	251	7	a	a	DT
29364	251	8	million	million	CD
29364	251	9	shares	share	NNS
29364	251	10	of	of	IN
29364	251	11	American	american	JJ
29364	251	12	stocks	stock	NNS
29364	251	13	were	be	VBD
29364	251	14	jettisoned	jettison	VBN
29364	251	15	in	in	IN
29364	251	16	this	this	DT
29364	251	17	market	market	NN
29364	251	18	by	by	IN
29364	251	19	the	the	DT
29364	251	20	foreigners	foreigner	NNS
29364	251	21	,	,	,
29364	251	22	while	while	IN
29364	251	23	exchange	exchange	NN
29364	251	24	rose	rise	VBD
29364	251	25	by	by	IN
29364	251	26	leaps	leap	NNS
29364	251	27	and	and	CC
29364	251	28	bounds	bound	VBZ
29364	251	29	nearly	nearly	RB
29364	251	30	10	10	CD
29364	251	31	cents	cent	NNS
29364	251	32	to	to	IN
29364	251	33	the	the	DT
29364	251	34	pound	pound	NN
29364	251	35	,	,	,
29364	251	36	to	to	IN
29364	251	37	the	the	DT
29364	251	38	unheard	unheard	JJ
29364	251	39	-	-	HYPH
29364	251	40	of	of	IN
29364	251	41	price	price	NN
29364	251	42	of	of	IN
29364	251	43	4.91	4.91	CD
29364	251	44	.	.	.
29364	252	1	Nobody	nobody	NN
29364	252	2	had	have	VBD
29364	252	3	exchange	exchange	NN
29364	252	4	to	to	TO
29364	252	5	sell	sell	VB
29364	252	6	and	and	CC
29364	252	7	almost	almost	RB
29364	252	8	overnight	overnight	RB
29364	252	9	there	there	EX
29364	252	10	had	have	VBD
29364	252	11	been	be	VBN
29364	252	12	created	create	VBN
29364	252	13	a	a	DT
29364	252	14	demand	demand	NN
29364	252	15	for	for	IN
29364	252	16	tens	ten	NNS
29364	252	17	of	of	IN
29364	252	18	millions	million	NNS
29364	252	19	of	of	IN
29364	252	20	dollars	dollar	NNS
29364	252	21	'	'	POS
29364	252	22	worth	worth	NN
29364	252	23	.	.	.
29364	253	1	3	3	LS
29364	253	2	.	.	.
29364	254	1	The	the	DT
29364	254	2	coming	come	VBG
29364	254	3	to	to	IN
29364	254	4	maturity	maturity	NN
29364	254	5	of	of	IN
29364	254	6	American	american	JJ
29364	254	7	bonds	bond	NNS
29364	254	8	held	hold	VBN
29364	254	9	abroad	abroad	RB
29364	254	10	is	be	VBZ
29364	254	11	another	another	DT
29364	254	12	influencing	influence	VBG
29364	254	13	factor	factor	NN
29364	254	14	closely	closely	RB
29364	254	15	kept	keep	VBN
29364	254	16	track	track	NN
29364	254	17	of	of	IN
29364	254	18	by	by	IN
29364	254	19	dealers	dealer	NNS
29364	254	20	in	in	IN
29364	254	21	exchange	exchange	NN
29364	254	22	.	.	.
29364	255	1	So	so	RB
29364	255	2	extensive	extensive	JJ
29364	255	3	is	be	VBZ
29364	255	4	the	the	DT
29364	255	5	total	total	JJ
29364	255	6	foreign	foreign	JJ
29364	255	7	investment	investment	NN
29364	255	8	in	in	IN
29364	255	9	American	american	JJ
29364	255	10	bonds	bond	NNS
29364	255	11	that	that	IN
29364	255	12	issues	issue	NNS
29364	255	13	are	be	VBP
29364	255	14	coming	come	VBG
29364	255	15	due	due	IN
29364	255	16	all	all	PDT
29364	255	17	the	the	DT
29364	255	18	time	time	NN
29364	255	19	.	.	.
29364	256	1	Where	where	WRB
29364	256	2	some	some	DT
29364	256	3	especially	especially	RB
29364	256	4	large	large	JJ
29364	256	5	issue	issue	NN
29364	256	6	runs	run	VBZ
29364	256	7	off	off	RP
29364	256	8	without	without	IN
29364	256	9	being	be	VBG
29364	256	10	funded	fund	VBN
29364	256	11	with	with	IN
29364	256	12	new	new	JJ
29364	256	13	bonds	bond	NNS
29364	256	14	,	,	,
29364	256	15	demand	demand	NN
29364	256	16	for	for	IN
29364	256	17	exchange	exchange	NN
29364	256	18	often	often	RB
29364	256	19	becomes	become	VBZ
29364	256	20	very	very	RB
29364	256	21	strong	strong	JJ
29364	256	22	.	.	.
29364	257	1	Especially	especially	RB
29364	257	2	is	be	VBZ
29364	257	3	this	this	DT
29364	257	4	the	the	DT
29364	257	5	case	case	NN
29364	257	6	with	with	IN
29364	257	7	the	the	DT
29364	257	8	short	short	JJ
29364	257	9	-	-	HYPH
29364	257	10	term	term	NN
29364	257	11	issues	issue	NNS
29364	257	12	of	of	IN
29364	257	13	the	the	DT
29364	257	14	railroads	railroad	NNS
29364	257	15	and	and	CC
29364	257	16	most	most	RBS
29364	257	17	especially	especially	RB
29364	257	18	with	with	IN
29364	257	19	New	New	NNP
29364	257	20	York	York	NNP
29364	257	21	City	City	NNP
29364	257	22	revenue	revenue	NN
29364	257	23	warrants	warrant	NNS
29364	257	24	which	which	WDT
29364	257	25	have	have	VBP
29364	257	26	become	become	VBN
29364	257	27	so	so	RB
29364	257	28	exceedingly	exceedingly	RB
29364	257	29	popular	popular	JJ
29364	257	30	a	a	DT
29364	257	31	form	form	NN
29364	257	32	of	of	IN
29364	257	33	investment	investment	NN
29364	257	34	among	among	IN
29364	257	35	the	the	DT
29364	257	36	foreign	foreign	JJ
29364	257	37	bankers	banker	NNS
29364	257	38	.	.	.
29364	258	1	In	in	IN
29364	258	2	spite	spite	NN
29364	258	3	of	of	IN
29364	258	4	its	-PRON-	PRP$
29364	258	5	mammoth	mammoth	JJ
29364	258	6	debt	debt	NN
29364	258	7	,	,	,
29364	258	8	New	New	NNP
29364	258	9	York	York	NNP
29364	258	10	City	City	NNP
29364	258	11	is	be	VBZ
29364	258	12	continually	continually	RB
29364	258	13	putting	put	VBG
29364	258	14	out	out	RP
29364	258	15	revenue	revenue	NN
29364	258	16	warrants	warrant	NNS
29364	258	17	,	,	,
29364	258	18	the	the	DT
29364	258	19	operation	operation	NN
29364	258	20	amounting	amount	VBG
29364	258	21	,	,	,
29364	258	22	in	in	IN
29364	258	23	fact	fact	NN
29364	258	24	,	,	,
29364	258	25	to	to	IN
29364	258	26	the	the	DT
29364	258	27	issue	issue	NN
29364	258	28	of	of	IN
29364	258	29	its	-PRON-	PRP$
29364	258	30	notes	note	NNS
29364	258	31	.	.	.
29364	259	1	Of	of	IN
29364	259	2	late	late	JJ
29364	259	3	years	year	NNS
29364	259	4	Paris	Paris	NNP
29364	259	5	bankers	banker	NNS
29364	259	6	,	,	,
29364	259	7	especially	especially	RB
29364	259	8	,	,	,
29364	259	9	have	have	VBP
29364	259	10	found	find	VBN
29364	259	11	the	the	DT
29364	259	12	discounting	discounting	NN
29364	259	13	of	of	IN
29364	259	14	these	these	DT
29364	259	15	"	"	``
29364	259	16	notes	note	NNS
29364	259	17	"	"	''
29364	259	18	a	a	DT
29364	259	19	profitable	profitable	JJ
29364	259	20	operation	operation	NN
29364	259	21	and	and	CC
29364	259	22	have	have	VBP
29364	259	23	at	at	IN
29364	259	24	times	time	NNS
29364	259	25	taken	take	VBN
29364	259	26	them	-PRON-	PRP
29364	259	27	in	in	IN
29364	259	28	big	big	JJ
29364	259	29	blocks	block	NNS
29364	259	30	.	.	.
29364	260	1	Whenever	whenever	WRB
29364	260	2	one	one	CD
29364	260	3	of	of	IN
29364	260	4	these	these	DT
29364	260	5	blocks	block	NNS
29364	260	6	of	of	IN
29364	260	7	revenue	revenue	NN
29364	260	8	warrants	warrant	NNS
29364	260	9	matures	mature	NNS
29364	260	10	and	and	CC
29364	260	11	has	have	VBZ
29364	260	12	to	to	TO
29364	260	13	be	be	VB
29364	260	14	paid	pay	VBN
29364	260	15	off	off	RP
29364	260	16	,	,	,
29364	260	17	the	the	DT
29364	260	18	exchange	exchange	NN
29364	260	19	market	market	NN
29364	260	20	is	be	VBZ
29364	260	21	likely	likely	JJ
29364	260	22	to	to	TO
29364	260	23	be	be	VB
29364	260	24	strongly	strongly	RB
29364	260	25	affected	affect	VBN
29364	260	26	.	.	.
29364	261	1	Accumulation	accumulation	NN
29364	261	2	of	of	IN
29364	261	3	exchange	exchange	NN
29364	261	4	in	in	IN
29364	261	5	preparation	preparation	NN
29364	261	6	is	be	VBZ
29364	261	7	likely	likely	JJ
29364	261	8	to	to	TO
29364	261	9	be	be	VB
29364	261	10	carried	carry	VBN
29364	261	11	on	on	RP
29364	261	12	for	for	IN
29364	261	13	some	some	DT
29364	261	14	weeks	week	NNS
29364	261	15	ahead	ahead	RB
29364	261	16	,	,	,
29364	261	17	but	but	CC
29364	261	18	even	even	RB
29364	261	19	at	at	IN
29364	261	20	that	that	DT
29364	261	21	the	the	DT
29364	261	22	resulting	result	VBG
29364	261	23	steady	steady	JJ
29364	261	24	demand	demand	NN
29364	261	25	for	for	IN
29364	261	26	bills	bill	NNS
29364	261	27	often	often	RB
29364	261	28	exerts	exert	VBZ
29364	261	29	a	a	DT
29364	261	30	decidedly	decidedly	RB
29364	261	31	stimulating	stimulating	JJ
29364	261	32	influence	influence	NN
29364	261	33	.	.	.
29364	262	1	Experienced	experienced	JJ
29364	262	2	exchange	exchange	NN
29364	262	3	managers	manager	NNS
29364	262	4	know	know	VBP
29364	262	5	at	at	IN
29364	262	6	all	all	DT
29364	262	7	times	time	NNS
29364	262	8	just	just	RB
29364	262	9	what	what	WDT
29364	262	10	short	short	JJ
29364	262	11	-	-	HYPH
29364	262	12	term	term	NN
29364	262	13	issues	issue	NNS
29364	262	14	are	be	VBP
29364	262	15	coming	come	VBG
29364	262	16	due	due	JJ
29364	262	17	,	,	,
29364	262	18	about	about	IN
29364	262	19	what	what	WDT
29364	262	20	proportion	proportion	NN
29364	262	21	of	of	IN
29364	262	22	the	the	DT
29364	262	23	bonds	bond	NNS
29364	262	24	or	or	CC
29364	262	25	notes	note	NNS
29364	262	26	have	have	VBP
29364	262	27	found	find	VBN
29364	262	28	their	-PRON-	PRP$
29364	262	29	way	way	NN
29364	262	30	to	to	IN
29364	262	31	the	the	DT
29364	262	32	other	other	JJ
29364	262	33	side	side	NN
29364	262	34	,	,	,
29364	262	35	just	just	RB
29364	262	36	how	how	WRB
29364	262	37	far	far	RB
29364	262	38	ahead	ahead	RB
29364	262	39	the	the	DT
29364	262	40	exchange	exchange	NN
29364	262	41	is	be	VBZ
29364	262	42	likely	likely	JJ
29364	262	43	to	to	TO
29364	262	44	be	be	VB
29364	262	45	accumulated	accumulate	VBN
29364	262	46	.	.	.
29364	263	1	Repayment	repayment	NN
29364	263	2	operations	operation	NNS
29364	263	3	of	of	IN
29364	263	4	this	this	DT
29364	263	5	kind	kind	NN
29364	263	6	are	be	VBP
29364	263	7	often	often	RB
29364	263	8	almost	almost	RB
29364	263	9	a	a	DT
29364	263	10	dominant	dominant	NN
29364	263	11	,	,	,
29364	263	12	though	though	IN
29364	263	13	usually	usually	RB
29364	263	14	temporary	temporary	JJ
29364	263	15	,	,	,
29364	263	16	influence	influence	NN
29364	263	17	on	on	IN
29364	263	18	the	the	DT
29364	263	19	price	price	NN
29364	263	20	of	of	IN
29364	263	21	exchange	exchange	NN
29364	263	22	.	.	.
29364	264	1	4	4	LS
29364	264	2	.	.	.
29364	265	1	Low	low	JJ
29364	265	2	money	money	NN
29364	265	3	rates	rate	NNS
29364	265	4	are	be	VBP
29364	265	5	the	the	DT
29364	265	6	fourth	fourth	JJ
29364	265	7	great	great	JJ
29364	265	8	factor	factor	NN
29364	265	9	influencing	influence	VBG
29364	265	10	foreign	foreign	JJ
29364	265	11	exchange	exchange	NN
29364	265	12	upward	upward	RB
29364	265	13	.	.	.
29364	266	1	Whenever	whenever	WRB
29364	266	2	money	money	NN
29364	266	3	is	be	VBZ
29364	266	4	cheap	cheap	JJ
29364	266	5	at	at	IN
29364	266	6	any	any	DT
29364	266	7	given	give	VBN
29364	266	8	center	center	NN
29364	266	9	,	,	,
29364	266	10	and	and	CC
29364	266	11	borrowers	borrower	NNS
29364	266	12	are	be	VBP
29364	266	13	bidding	bid	VBG
29364	266	14	only	only	RB
29364	266	15	low	low	JJ
29364	266	16	rates	rate	NNS
29364	266	17	for	for	IN
29364	266	18	its	-PRON-	PRP$
29364	266	19	use	use	NN
29364	266	20	,	,	,
29364	266	21	lenders	lender	NNS
29364	266	22	seek	seek	VBP
29364	266	23	a	a	DT
29364	266	24	more	more	RBR
29364	266	25	profitable	profitable	JJ
29364	266	26	field	field	NN
29364	266	27	for	for	IN
29364	266	28	the	the	DT
29364	266	29	employment	employment	NN
29364	266	30	of	of	IN
29364	266	31	their	-PRON-	PRP$
29364	266	32	capital	capital	NN
29364	266	33	.	.	.
29364	267	1	It	-PRON-	PRP
29364	267	2	has	have	VBZ
29364	267	3	come	come	VBN
29364	267	4	about	about	RP
29364	267	5	during	during	IN
29364	267	6	the	the	DT
29364	267	7	past	past	JJ
29364	267	8	few	few	JJ
29364	267	9	years	year	NNS
29364	267	10	that	that	WDT
29364	267	11	so	so	RB
29364	267	12	far	far	RB
29364	267	13	as	as	IN
29364	267	14	the	the	DT
29364	267	15	operation	operation	NN
29364	267	16	of	of	IN
29364	267	17	loaning	loan	VBG
29364	267	18	money	money	NN
29364	267	19	is	be	VBZ
29364	267	20	concerned	concern	VBN
29364	267	21	,	,	,
29364	267	22	the	the	DT
29364	267	23	whole	whole	JJ
29364	267	24	financial	financial	JJ
29364	267	25	world	world	NN
29364	267	26	is	be	VBZ
29364	267	27	one	one	CD
29364	267	28	great	great	JJ
29364	267	29	market	market	NN
29364	267	30	,	,	,
29364	267	31	New	New	NNP
29364	267	32	York	York	NNP
29364	267	33	bankers	banker	NNS
29364	267	34	nowadays	nowadays	RB
29364	267	35	loaning	loan	VBG
29364	267	36	out	out	RP
29364	267	37	their	-PRON-	PRP$
29364	267	38	money	money	NN
29364	267	39	in	in	IN
29364	267	40	London	London	NNP
29364	267	41	with	with	IN
29364	267	42	the	the	DT
29364	267	43	same	same	JJ
29364	267	44	facility	facility	NN
29364	267	45	with	with	IN
29364	267	46	which	which	WDT
29364	267	47	they	-PRON-	PRP
29364	267	48	used	use	VBD
29364	267	49	to	to	TO
29364	267	50	loan	loan	VB
29364	267	51	it	-PRON-	PRP
29364	267	52	out	out	RP
29364	267	53	in	in	IN
29364	267	54	Boston	Boston	NNP
29364	267	55	or	or	CC
29364	267	56	Philadelphia	Philadelphia	NNP
29364	267	57	.	.	.
29364	268	1	So	so	RB
29364	268	2	close	close	JJ
29364	268	3	have	have	VBP
29364	268	4	become	become	VBN
29364	268	5	the	the	DT
29364	268	6	financial	financial	JJ
29364	268	7	relationships	relationship	NNS
29364	268	8	between	between	IN
29364	268	9	leading	lead	VBG
29364	268	10	banking	banking	NN
29364	268	11	houses	house	NNS
29364	268	12	in	in	IN
29364	268	13	New	New	NNP
29364	268	14	York	York	NNP
29364	268	15	and	and	CC
29364	268	16	London	London	NNP
29364	268	17	that	that	IN
29364	268	18	the	the	DT
29364	268	19	slightest	slight	JJS
29364	268	20	opportunity	opportunity	NN
29364	268	21	for	for	IN
29364	268	22	profitable	profitable	JJ
29364	268	23	loaning	loaning	NN
29364	268	24	operations	operation	NNS
29364	268	25	is	be	VBZ
29364	268	26	immediately	immediately	RB
29364	268	27	availed	availed	JJ
29364	268	28	of	of	IN
29364	268	29	.	.	.
29364	269	1	Money	money	NN
29364	269	2	rates	rate	NNS
29364	269	3	in	in	IN
29364	269	4	the	the	DT
29364	269	5	New	New	NNP
29364	269	6	York	York	NNP
29364	269	7	market	market	NN
29364	269	8	are	be	VBP
29364	269	9	not	not	RB
29364	269	10	often	often	RB
29364	269	11	less	less	RBR
29364	269	12	attractive	attractive	JJ
29364	269	13	than	than	IN
29364	269	14	those	those	DT
29364	269	15	in	in	IN
29364	269	16	London	London	NNP
29364	269	17	,	,	,
29364	269	18	so	so	IN
29364	269	19	that	that	IN
29364	269	20	American	american	JJ
29364	269	21	floating	float	VBG
29364	269	22	capital	capital	NN
29364	269	23	is	be	VBZ
29364	269	24	not	not	RB
29364	269	25	generally	generally	RB
29364	269	26	employed	employ	VBN
29364	269	27	in	in	IN
29364	269	28	the	the	DT
29364	269	29	English	english	JJ
29364	269	30	market	market	NN
29364	269	31	,	,	,
29364	269	32	but	but	CC
29364	269	33	it	-PRON-	PRP
29364	269	34	does	do	VBZ
29364	269	35	occasionally	occasionally	RB
29364	269	36	come	come	VB
29364	269	37	about	about	IN
29364	269	38	that	that	DT
29364	269	39	rates	rate	NNS
29364	269	40	become	become	VBP
29364	269	41	abnormally	abnormally	RB
29364	269	42	low	low	JJ
29364	269	43	here	here	RB
29364	269	44	and	and	CC
29364	269	45	that	that	IN
29364	269	46	bankers	banker	NNS
29364	269	47	send	send	VBP
29364	269	48	away	away	RB
29364	269	49	their	-PRON-	PRP$
29364	269	50	balances	balance	NNS
29364	269	51	to	to	TO
29364	269	52	be	be	VB
29364	269	53	loaned	loan	VBN
29364	269	54	out	out	RP
29364	269	55	at	at	IN
29364	269	56	other	other	JJ
29364	269	57	points	point	NNS
29364	269	58	.	.	.
29364	270	1	During	during	IN
29364	270	2	long	long	JJ
29364	270	3	periods	period	NNS
29364	270	4	of	of	IN
29364	270	5	low	low	JJ
29364	270	6	money	money	NN
29364	270	7	,	,	,
29364	270	8	indeed	indeed	RB
29364	270	9	,	,	,
29364	270	10	it	-PRON-	PRP
29364	270	11	often	often	RB
29364	270	12	happens	happen	VBZ
29364	270	13	that	that	IN
29364	270	14	large	large	JJ
29364	270	15	lending	lending	NN
29364	270	16	institutions	institution	NNS
29364	270	17	here	here	RB
29364	270	18	send	send	VBP
29364	270	19	away	away	RB
29364	270	20	a	a	DT
29364	270	21	considerable	considerable	JJ
29364	270	22	part	part	NN
29364	270	23	of	of	IN
29364	270	24	their	-PRON-	PRP$
29364	270	25	deposits	deposit	NNS
29364	270	26	,	,	,
29364	270	27	to	to	TO
29364	270	28	be	be	VB
29364	270	29	steadily	steadily	RB
29364	270	30	employed	employ	VBN
29364	270	31	for	for	IN
29364	270	32	loaning	loan	VBG
29364	270	33	out	out	RP
29364	270	34	and	and	CC
29364	270	35	discounting	discount	VBG
29364	270	36	bills	bill	NNS
29364	270	37	in	in	IN
29364	270	38	some	some	DT
29364	270	39	foreign	foreign	JJ
29364	270	40	market	market	NN
29364	270	41	.	.	.
29364	271	1	Such	such	PDT
29364	271	2	a	a	DT
29364	271	3	time	time	NN
29364	271	4	was	be	VBD
29364	271	5	the	the	DT
29364	271	6	long	long	JJ
29364	271	7	period	period	NN
29364	271	8	of	of	IN
29364	271	9	stagnant	stagnant	JJ
29364	271	10	money	money	NN
29364	271	11	conditions	condition	NNS
29364	271	12	following	follow	VBG
29364	271	13	the	the	DT
29364	271	14	1907	1907	CD
29364	271	15	panic	panic	NN
29364	271	16	.	.	.
29364	272	1	Trust	trust	NN
29364	272	2	companies	company	NNS
29364	272	3	and	and	CC
29364	272	4	banks	bank	NNS
29364	272	5	who	who	WP
29364	272	6	were	be	VBD
29364	272	7	paying	pay	VBG
29364	272	8	interest	interest	NN
29364	272	9	on	on	IN
29364	272	10	large	large	JJ
29364	272	11	deposits	deposit	NNS
29364	272	12	at	at	IN
29364	272	13	that	that	DT
29364	272	14	time	time	NN
29364	272	15	sent	send	VBD
29364	272	16	very	very	RB
29364	272	17	large	large	JJ
29364	272	18	amounts	amount	NNS
29364	272	19	of	of	IN
29364	272	20	money	money	NN
29364	272	21	to	to	IN
29364	272	22	the	the	DT
29364	272	23	other	other	JJ
29364	272	24	side	side	NN
29364	272	25	and	and	CC
29364	272	26	kept	keep	VBD
29364	272	27	big	big	JJ
29364	272	28	balances	balance	NNS
29364	272	29	running	run	VBG
29364	272	30	with	with	IN
29364	272	31	their	-PRON-	PRP$
29364	272	32	correspondents	correspondent	NNS
29364	272	33	at	at	IN
29364	272	34	such	such	JJ
29364	272	35	points	point	NNS
29364	272	36	as	as	IN
29364	272	37	Amsterdam	Amsterdam	NNP
29364	272	38	,	,	,
29364	272	39	Copenhagen	Copenhagen	NNP
29364	272	40	,	,	,
29364	272	41	St.	St.	NNP
29364	272	42	Petersburg	Petersburg	NNP
29364	272	43	,	,	,
29364	272	44	etc	etc	FW
29364	272	45	.	.	.
29364	272	46	,--anywhere	,--anywhere	,
29364	272	47	,	,	,
29364	272	48	in	in	IN
29364	272	49	fact	fact	NN
29364	272	50	,	,	,
29364	272	51	where	where	WRB
29364	272	52	some	some	DT
29364	272	53	little	little	JJ
29364	272	54	demand	demand	NN
29364	272	55	for	for	IN
29364	272	56	money	money	NN
29364	272	57	actually	actually	RB
29364	272	58	existed	exist	VBD
29364	272	59	.	.	.
29364	273	1	Demand	demand	NN
29364	273	2	for	for	IN
29364	273	3	exchange	exchange	NN
29364	273	4	with	with	IN
29364	273	5	which	which	WDT
29364	273	6	to	to	TO
29364	273	7	send	send	VB
29364	273	8	this	this	DT
29364	273	9	money	money	NN
29364	273	10	abroad	abroad	RB
29364	273	11	was	be	VBD
29364	273	12	a	a	DT
29364	273	13	big	big	JJ
29364	273	14	factor	factor	NN
29364	273	15	in	in	IN
29364	273	16	keeping	keep	VBG
29364	273	17	exchange	exchange	NN
29364	273	18	rates	rate	NNS
29364	273	19	at	at	IN
29364	273	20	their	-PRON-	PRP$
29364	273	21	high	high	JJ
29364	273	22	level	level	NN
29364	273	23	during	during	IN
29364	273	24	all	all	PDT
29364	273	25	that	that	DT
29364	273	26	long	long	JJ
29364	273	27	period	period	NN
29364	273	28	.	.	.
29364	274	1	5	5	CD
29364	274	2	.	.	.
29364	275	1	High	high	JJ
29364	275	2	money	money	NN
29364	275	3	rates	rate	NNS
29364	275	4	at	at	IN
29364	275	5	some	some	DT
29364	275	6	given	give	VBN
29364	275	7	foreign	foreign	JJ
29364	275	8	point	point	NN
29364	275	9	as	as	IN
29364	275	10	a	a	DT
29364	275	11	factor	factor	NN
29364	275	12	in	in	IN
29364	275	13	elevating	elevate	VBG
29364	275	14	exchange	exchange	NN
29364	275	15	rates	rate	NNS
29364	275	16	on	on	IN
29364	275	17	that	that	DT
29364	275	18	point	point	NN
29364	275	19	might	may	MD
29364	275	20	almost	almost	RB
29364	275	21	be	be	VB
29364	275	22	considered	consider	VBN
29364	275	23	as	as	IN
29364	275	24	a	a	DT
29364	275	25	corollary	corollary	NN
29364	275	26	of	of	IN
29364	275	27	low	low	JJ
29364	275	28	money	money	NN
29364	275	29	here	here	RB
29364	275	30	,	,	,
29364	275	31	but	but	CC
29364	275	32	special	special	JJ
29364	275	33	considerations	consideration	NNS
29364	275	34	often	often	RB
29364	275	35	govern	govern	VBP
29364	275	36	such	such	PDT
29364	275	37	a	a	DT
29364	275	38	condition	condition	NN
29364	275	39	and	and	CC
29364	275	40	make	make	VB
29364	275	41	it	-PRON-	PRP
29364	275	42	worth	worth	JJ
29364	275	43	while	while	IN
29364	275	44	to	to	TO
29364	275	45	note	note	VB
29364	275	46	its	-PRON-	PRP$
29364	275	47	effect	effect	NN
29364	275	48	.	.	.
29364	276	1	Suppose	suppose	VB
29364	276	2	,	,	,
29364	276	3	for	for	IN
29364	276	4	instance	instance	NN
29364	276	5	,	,	,
29364	276	6	that	that	IN
29364	276	7	at	at	IN
29364	276	8	a	a	DT
29364	276	9	time	time	NN
29364	276	10	when	when	WRB
29364	276	11	money	money	NN
29364	276	12	market	market	NN
29364	276	13	conditions	condition	NNS
29364	276	14	all	all	RB
29364	276	15	over	over	IN
29364	276	16	the	the	DT
29364	276	17	world	world	NN
29364	276	18	are	be	VBP
29364	276	19	about	about	RB
29364	276	20	normal	normal	JJ
29364	276	21	,	,	,
29364	276	22	rates	rate	NNS
29364	276	23	,	,	,
29364	276	24	for	for	IN
29364	276	25	any	any	DT
29364	276	26	given	give	VBN
29364	276	27	reason	reason	NN
29364	276	28	,	,	,
29364	276	29	begin	begin	VB
29364	276	30	to	to	TO
29364	276	31	rise	rise	VB
29364	276	32	at	at	IN
29364	276	33	some	some	DT
29364	276	34	point	point	NN
29364	276	35	,	,	,
29364	276	36	say	say	VBP
29364	276	37	London	London	NNP
29364	276	38	.	.	.
29364	277	1	Instantly	instantly	RB
29364	277	2	a	a	DT
29364	277	3	flow	flow	NN
29364	277	4	of	of	IN
29364	277	5	capital	capital	NN
29364	277	6	begins	begin	VBZ
29364	277	7	in	in	IN
29364	277	8	that	that	DT
29364	277	9	direction	direction	NN
29364	277	10	.	.	.
29364	278	1	In	in	IN
29364	278	2	New	New	NNP
29364	278	3	York	York	NNP
29364	278	4	,	,	,
29364	278	5	Paris	Paris	NNP
29364	278	6	,	,	,
29364	278	7	Berlin	Berlin	NNP
29364	278	8	and	and	CC
29364	278	9	other	other	JJ
29364	278	10	centers	center	NNS
29364	278	11	it	-PRON-	PRP
29364	278	12	is	be	VBZ
29364	278	13	realized	realize	VBN
29364	278	14	that	that	IN
29364	278	15	London	London	NNP
29364	278	16	is	be	VBZ
29364	278	17	bidding	bid	VBG
29364	278	18	better	well	JJR
29364	278	19	rates	rate	NNS
29364	278	20	for	for	IN
29364	278	21	money	money	NN
29364	278	22	than	than	IN
29364	278	23	are	be	VBP
29364	278	24	obtainable	obtainable	JJ
29364	278	25	locally	locally	RB
29364	278	26	,	,	,
29364	278	27	and	and	CC
29364	278	28	bankers	banker	NNS
29364	278	29	forthwith	forthwith	NN
29364	278	30	make	make	VBP
29364	278	31	preparations	preparation	NNS
29364	278	32	to	to	TO
29364	278	33	increase	increase	VB
29364	278	34	the	the	DT
29364	278	35	sterling	sterling	NN
29364	278	36	balances	balance	NNS
29364	278	37	they	-PRON-	PRP
29364	278	38	are	be	VBP
29364	278	39	employing	employ	VBG
29364	278	40	in	in	IN
29364	278	41	London	London	NNP
29364	278	42	.	.	.
29364	279	1	Exchange	exchange	VB
29364	279	2	on	on	IN
29364	279	3	that	that	DT
29364	279	4	particular	particular	JJ
29364	279	5	point	point	NN
29364	279	6	being	be	VBG
29364	279	7	in	in	IN
29364	279	8	such	such	JJ
29364	279	9	demand	demand	NN
29364	279	10	,	,	,
29364	279	11	rates	rate	NNS
29364	279	12	begin	begin	VBP
29364	279	13	to	to	TO
29364	279	14	rise	rise	VB
29364	279	15	,	,	,
29364	279	16	and	and	CC
29364	279	17	continue	continue	VB
29364	279	18	to	to	TO
29364	279	19	rise	rise	VB
29364	279	20	,	,	,
29364	279	21	according	accord	VBG
29364	279	22	to	to	IN
29364	279	23	the	the	DT
29364	279	24	urgency	urgency	NN
29364	279	25	of	of	IN
29364	279	26	the	the	DT
29364	279	27	demand	demand	NN
29364	279	28	.	.	.
29364	280	1	Particular	particular	JJ
29364	280	2	attention	attention	NN
29364	280	3	will	will	MD
29364	280	4	be	be	VB
29364	280	5	given	give	VBN
29364	280	6	later	later	RB
29364	280	7	on	on	RB
29364	280	8	to	to	IN
29364	280	9	the	the	DT
29364	280	10	way	way	NN
29364	280	11	in	in	IN
29364	280	12	which	which	WDT
29364	280	13	the	the	DT
29364	280	14	Bank	Bank	NNP
29364	280	15	of	of	IN
29364	280	16	England	England	NNP
29364	280	17	and	and	CC
29364	280	18	the	the	DT
29364	280	19	other	other	JJ
29364	280	20	great	great	JJ
29364	280	21	foreign	foreign	JJ
29364	280	22	banks	bank	NNS
29364	280	23	manipulate	manipulate	VBP
29364	280	24	the	the	DT
29364	280	25	money	money	NN
29364	280	26	market	market	NN
29364	280	27	and	and	CC
29364	280	28	so	so	RB
29364	280	29	control	control	VB
29364	280	30	the	the	DT
29364	280	31	course	course	NN
29364	280	32	of	of	IN
29364	280	33	foreign	foreign	JJ
29364	280	34	exchange	exchange	NN
29364	280	35	upon	upon	IN
29364	280	36	themselves	-PRON-	PRP
29364	280	37	,	,	,
29364	280	38	but	but	CC
29364	280	39	in	in	IN
29364	280	40	passing	pass	VBG
29364	280	41	it	-PRON-	PRP
29364	280	42	is	be	VBZ
29364	280	43	well	well	JJ
29364	280	44	to	to	TO
29364	280	45	note	note	VB
29364	280	46	just	just	RB
29364	280	47	why	why	WRB
29364	280	48	it	-PRON-	PRP
29364	280	49	is	be	VBZ
29364	280	50	that	that	IN
29364	280	51	when	when	WRB
29364	280	52	the	the	DT
29364	280	53	interest	interest	NN
29364	280	54	rate	rate	NN
29364	280	55	at	at	IN
29364	280	56	any	any	DT
29364	280	57	given	give	VBN
29364	280	58	point	point	NN
29364	280	59	begins	begin	VBZ
29364	280	60	to	to	TO
29364	280	61	go	go	VB
29364	280	62	up	up	RB
29364	280	63	,	,	,
29364	280	64	foreign	foreign	JJ
29364	280	65	exchange	exchange	NN
29364	280	66	drawn	draw	VBN
29364	280	67	upon	upon	IN
29364	280	68	that	that	DT
29364	280	69	point	point	NN
29364	280	70	begins	begin	VBZ
29364	280	71	to	to	TO
29364	280	72	go	go	VB
29364	280	73	up	up	RB
29364	280	74	,	,	,
29364	280	75	too	too	RB
29364	280	76	.	.	.
29364	281	1	Remittances	remittance	NNS
29364	281	2	to	to	IN
29364	281	3	the	the	DT
29364	281	4	point	point	NN
29364	281	5	where	where	WRB
29364	281	6	the	the	DT
29364	281	7	better	well	JJR
29364	281	8	bid	bid	NN
29364	281	9	for	for	IN
29364	281	10	money	money	NN
29364	281	11	is	be	VBZ
29364	281	12	being	be	VBG
29364	281	13	made	make	VBN
29364	281	14	,	,	,
29364	281	15	are	be	VBP
29364	281	16	the	the	DT
29364	281	17	very	very	RB
29364	281	18	simple	simple	JJ
29364	281	19	explanation	explanation	NN
29364	281	20	.	.	.
29364	282	1	Bankers	banker	NNS
29364	282	2	want	want	VBP
29364	282	3	to	to	TO
29364	282	4	send	send	VB
29364	282	5	money	money	NN
29364	282	6	there	there	RB
29364	282	7	,	,	,
29364	282	8	and	and	CC
29364	282	9	to	to	TO
29364	282	10	do	do	VB
29364	282	11	it	-PRON-	PRP
29364	282	12	they	-PRON-	PRP
29364	282	13	need	need	VBP
29364	282	14	bills	bill	NNS
29364	282	15	of	of	IN
29364	282	16	exchange	exchange	NN
29364	282	17	.	.	.
29364	283	1	An	an	DT
29364	283	2	urgent	urgent	JJ
29364	283	3	enough	enough	JJ
29364	283	4	demand	demand	NN
29364	283	5	inevitably	inevitably	RB
29364	283	6	means	mean	VBZ
29364	283	7	a	a	DT
29364	283	8	rise	rise	NN
29364	283	9	in	in	IN
29364	283	10	the	the	DT
29364	283	11	quotation	quotation	NN
29364	283	12	at	at	IN
29364	283	13	which	which	WDT
29364	283	14	the	the	DT
29364	283	15	bills	bill	NNS
29364	283	16	are	be	VBP
29364	283	17	obtainable	obtainable	JJ
29364	283	18	.	.	.
29364	284	1	Which	which	WDT
29364	284	2	suggests	suggest	VBZ
29364	284	3	very	very	RB
29364	284	4	plainly	plainly	RB
29364	284	5	why	why	WRB
29364	284	6	it	-PRON-	PRP
29364	284	7	is	be	VBZ
29364	284	8	that	that	IN
29364	284	9	when	when	WRB
29364	284	10	the	the	DT
29364	284	11	Directors	Directors	NNPS
29364	284	12	of	of	IN
29364	284	13	the	the	DT
29364	284	14	Bank	Bank	NNP
29364	284	15	of	of	IN
29364	284	16	England	England	NNP
29364	284	17	want	want	VBP
29364	284	18	to	to	TO
29364	284	19	raise	raise	VB
29364	284	20	the	the	DT
29364	284	21	rate	rate	NN
29364	284	22	of	of	IN
29364	284	23	exchange	exchange	NN
29364	284	24	upon	upon	IN
29364	284	25	London	London	NNP
29364	284	26	,	,	,
29364	284	27	at	at	IN
29364	284	28	New	New	NNP
29364	284	29	York	York	NNP
29364	284	30	or	or	CC
29364	284	31	Paris	Paris	NNP
29364	284	32	or	or	CC
29364	284	33	Berlin	Berlin	NNP
29364	284	34	,	,	,
29364	284	35	they	-PRON-	PRP
29364	284	36	go	go	VBP
29364	284	37	about	about	IN
29364	284	38	it	-PRON-	PRP
29364	284	39	by	by	IN
29364	284	40	tightening	tighten	VBG
29364	284	41	up	up	RP
29364	284	42	the	the	DT
29364	284	43	English	english	JJ
29364	284	44	money	money	NN
29364	284	45	market	market	NN
29364	284	46	.	.	.
29364	285	1	The	the	DT
29364	285	2	foregoing	foregoing	NN
29364	285	3	are	be	VBP
29364	285	4	the	the	DT
29364	285	5	principal	principal	JJ
29364	285	6	causes	cause	NNS
29364	285	7	making	make	VBG
29364	285	8	for	for	IN
29364	285	9	high	high	JJ
29364	285	10	exchange	exchange	NN
29364	285	11	.	.	.
29364	286	1	The	the	DT
29364	286	2	causes	cause	NNS
29364	286	3	which	which	WDT
29364	286	4	make	make	VBP
29364	286	5	up	up	RP
29364	286	6	for	for	IN
29364	286	7	low	low	JJ
29364	286	8	rates	rate	NNS
29364	286	9	must	must	MD
29364	286	10	necessarily	necessarily	RB
29364	286	11	be	be	VB
29364	286	12	to	to	IN
29364	286	13	a	a	DT
29364	286	14	certain	certain	JJ
29364	286	15	extent	extent	NN
29364	286	16	merely	merely	RB
29364	286	17	the	the	DT
29364	286	18	converse	converse	NN
29364	286	19	,	,	,
29364	286	20	but	but	CC
29364	286	21	for	for	IN
29364	286	22	the	the	DT
29364	286	23	sake	sake	NN
29364	286	24	of	of	IN
29364	286	25	clearness	clearness	NN
29364	286	26	they	-PRON-	PRP
29364	286	27	are	be	VBP
29364	286	28	set	set	VBN
29364	286	29	down	down	RP
29364	286	30	.	.	.
29364	287	1	The	the	DT
29364	287	2	division	division	NN
29364	287	3	is	be	VBZ
29364	287	4	about	about	RB
29364	287	5	as	as	IN
29364	287	6	follows	follow	VBZ
29364	287	7	:	:	:
29364	287	8	1	1	CD
29364	287	9	.	.	.
29364	288	1	Especially	especially	RB
29364	288	2	heavy	heavy	JJ
29364	288	3	exports	export	NNS
29364	288	4	of	of	IN
29364	288	5	merchandise	merchandise	NN
29364	288	6	.	.	.
29364	289	1	2	2	LS
29364	289	2	.	.	.
29364	290	1	Large	large	JJ
29364	290	2	purchases	purchase	NNS
29364	290	3	of	of	IN
29364	290	4	our	-PRON-	PRP$
29364	290	5	stocks	stock	NNS
29364	290	6	by	by	IN
29364	290	7	the	the	DT
29364	290	8	foreigners	foreigner	NNS
29364	290	9	and	and	CC
29364	290	10	the	the	DT
29364	290	11	placing	placing	NN
29364	290	12	abroad	abroad	RB
29364	290	13	of	of	IN
29364	290	14	blocks	block	NNS
29364	290	15	of	of	IN
29364	290	16	American	american	JJ
29364	290	17	bonds	bond	NNS
29364	290	18	.	.	.
29364	291	1	3	3	LS
29364	291	2	.	.	.
29364	292	1	Distrust	distrust	VB
29364	292	2	on	on	IN
29364	292	3	our	-PRON-	PRP$
29364	292	4	part	part	NN
29364	292	5	of	of	IN
29364	292	6	financial	financial	JJ
29364	292	7	conditions	condition	NNS
29364	292	8	existing	exist	VBG
29364	292	9	at	at	IN
29364	292	10	some	some	DT
29364	292	11	point	point	NN
29364	292	12	abroad	abroad	RB
29364	292	13	where	where	WRB
29364	292	14	there	there	EX
29364	292	15	are	be	VBP
29364	292	16	carried	carry	VBN
29364	292	17	large	large	JJ
29364	292	18	deposits	deposit	NNS
29364	292	19	of	of	IN
29364	292	20	American	american	JJ
29364	292	21	capital	capital	NN
29364	292	22	.	.	.
29364	293	1	4	4	LS
29364	293	2	.	.	.
29364	294	1	High	high	JJ
29364	294	2	money	money	NN
29364	294	3	rates	rate	NNS
29364	294	4	here	here	RB
29364	294	5	.	.	.
29364	295	1	5	5	CD
29364	295	2	.	.	.
29364	296	1	Unprofitably	unprofitably	RB
29364	296	2	low	low	JJ
29364	296	3	loaning	loan	VBG
29364	296	4	rates	rate	NNS
29364	296	5	at	at	IN
29364	296	6	some	some	DT
29364	296	7	important	important	JJ
29364	296	8	foreign	foreign	JJ
29364	296	9	centre	centre	NN
29364	296	10	where	where	WRB
29364	296	11	American	american	JJ
29364	296	12	bankers	banker	NNS
29364	296	13	ordinarily	ordinarily	RB
29364	296	14	carry	carry	VBP
29364	296	15	large	large	JJ
29364	296	16	balances	balance	NNS
29364	296	17	on	on	IN
29364	296	18	deposit	deposit	NN
29364	296	19	.	.	.
29364	297	1	1	1	LS
29364	297	2	.	.	.
29364	298	1	Just	just	RB
29364	298	2	as	as	IN
29364	298	3	unusually	unusually	RB
29364	298	4	large	large	JJ
29364	298	5	imports	import	NNS
29364	298	6	of	of	IN
29364	298	7	commodities	commodity	NNS
29364	298	8	mean	mean	VBP
29364	298	9	a	a	DT
29364	298	10	sharp	sharp	JJ
29364	298	11	demand	demand	NN
29364	298	12	for	for	IN
29364	298	13	exchange	exchange	NN
29364	298	14	with	with	IN
29364	298	15	which	which	WDT
29364	298	16	to	to	TO
29364	298	17	pay	pay	VB
29364	298	18	for	for	IN
29364	298	19	them	-PRON-	PRP
29364	298	20	,	,	,
29364	298	21	unusually	unusually	RB
29364	298	22	large	large	JJ
29364	298	23	exports	export	NNS
29364	298	24	mean	mean	VBP
29364	298	25	a	a	DT
29364	298	26	big	big	JJ
29364	298	27	supply	supply	NN
29364	298	28	of	of	IN
29364	298	29	bills	bill	NNS
29364	298	30	.	.	.
29364	299	1	In	in	IN
29364	299	2	a	a	DT
29364	299	3	previous	previous	JJ
29364	299	4	chapter	chapter	NN
29364	299	5	it	-PRON-	PRP
29364	299	6	has	have	VBZ
29364	299	7	been	be	VBN
29364	299	8	explained	explain	VBN
29364	299	9	how	how	WRB
29364	299	10	,	,	,
29364	299	11	when	when	WRB
29364	299	12	merchandise	merchandise	NN
29364	299	13	is	be	VBZ
29364	299	14	shipped	ship	VBN
29364	299	15	out	out	IN
29364	299	16	of	of	IN
29364	299	17	the	the	DT
29364	299	18	country	country	NN
29364	299	19	,	,	,
29364	299	20	the	the	DT
29364	299	21	shipper	shipper	NN
29364	299	22	draws	draw	VBZ
29364	299	23	his	-PRON-	PRP$
29364	299	24	draft	draft	NN
29364	299	25	upon	upon	IN
29364	299	26	the	the	DT
29364	299	27	buyer	buyer	NN
29364	299	28	,	,	,
29364	299	29	in	in	IN
29364	299	30	the	the	DT
29364	299	31	currency	currency	NN
29364	299	32	of	of	IN
29364	299	33	the	the	DT
29364	299	34	country	country	NN
29364	299	35	to	to	TO
29364	299	36	which	which	WDT
29364	299	37	the	the	DT
29364	299	38	merchandise	merchandise	NN
29364	299	39	goes	go	VBZ
29364	299	40	.	.	.
29364	300	1	When	when	WRB
29364	300	2	exports	export	NNS
29364	300	3	are	be	VBP
29364	300	4	heavy	heavy	JJ
29364	300	5	,	,	,
29364	300	6	therefore	therefore	RB
29364	300	7	,	,	,
29364	300	8	a	a	DT
29364	300	9	great	great	JJ
29364	300	10	volume	volume	NN
29364	300	11	of	of	IN
29364	300	12	bills	bill	NNS
29364	300	13	of	of	IN
29364	300	14	exchange	exchange	NN
29364	300	15	drawn	draw	VBN
29364	300	16	in	in	IN
29364	300	17	various	various	JJ
29364	300	18	kinds	kind	NNS
29364	300	19	of	of	IN
29364	300	20	currency	currency	NN
29364	300	21	comes	come	VBZ
29364	300	22	on	on	IN
29364	300	23	the	the	DT
29364	300	24	market	market	NN
29364	300	25	for	for	IN
29364	300	26	sale	sale	NN
29364	300	27	,	,	,
29364	300	28	naturally	naturally	RB
29364	300	29	depressing	depress	VBG
29364	300	30	rates	rate	NNS
29364	300	31	.	.	.
29364	301	1	Exports	export	NNS
29364	301	2	continue	continue	VBP
29364	301	3	on	on	IN
29364	301	4	a	a	DT
29364	301	5	certain	certain	JJ
29364	301	6	scale	scale	NN
29364	301	7	all	all	RB
29364	301	8	through	through	IN
29364	301	9	the	the	DT
29364	301	10	year	year	NN
29364	301	11	,	,	,
29364	301	12	but	but	CC
29364	301	13	,	,	,
29364	301	14	like	like	IN
29364	301	15	imports	import	NNS
29364	301	16	,	,	,
29364	301	17	are	be	VBP
29364	301	18	heavier	heavy	JJR
29364	301	19	at	at	IN
29364	301	20	some	some	DT
29364	301	21	times	time	NNS
29364	301	22	than	than	IN
29364	301	23	others	other	NNS
29364	301	24	.	.	.
29364	302	1	In	in	IN
29364	302	2	the	the	DT
29364	302	3	Fall	Fall	NNP
29364	302	4	,	,	,
29364	302	5	for	for	IN
29364	302	6	instance	instance	NN
29364	302	7	,	,	,
29364	302	8	when	when	WRB
29364	302	9	the	the	DT
29364	302	10	year	year	NN
29364	302	11	's	's	POS
29364	302	12	crops	crop	NNS
29364	302	13	are	be	VBP
29364	302	14	being	be	VBG
29364	302	15	exported	export	VBN
29364	302	16	,	,	,
29364	302	17	shipments	shipment	NNS
29364	302	18	out	out	IN
29364	302	19	of	of	IN
29364	302	20	the	the	DT
29364	302	21	country	country	NN
29364	302	22	invariably	invariably	RB
29364	302	23	reach	reach	VBP
29364	302	24	their	-PRON-	PRP$
29364	302	25	zenith	zenith	NN
29364	302	26	,	,	,
29364	302	27	the	the	DT
29364	302	28	export	export	NN
29364	302	29	nadir	nadir	NNS
29364	302	30	being	be	VBG
29364	302	31	approached	approach	VBN
29364	302	32	in	in	IN
29364	302	33	midsummer	midsummer	NNP
29364	302	34	,	,	,
29364	302	35	when	when	WRB
29364	302	36	the	the	DT
29364	302	37	crop	crop	NN
29364	302	38	has	have	VBZ
29364	302	39	been	be	VBN
29364	302	40	mostly	mostly	RB
29364	302	41	exported	export	VBN
29364	302	42	and	and	CC
29364	302	43	shipments	shipment	NNS
29364	302	44	of	of	IN
29364	302	45	manufactured	manufacture	VBN
29364	302	46	goods	good	NNS
29364	302	47	are	be	VBP
29364	302	48	running	run	VBG
29364	302	49	light	light	NN
29364	302	50	.	.	.
29364	303	1	From	from	IN
29364	303	2	the	the	DT
29364	303	3	middle	middle	NN
29364	303	4	of	of	IN
29364	303	5	August	August	NNP
29364	303	6	,	,	,
29364	303	7	when	when	WRB
29364	303	8	the	the	DT
29364	303	9	first	first	JJ
29364	303	10	of	of	IN
29364	303	11	the	the	DT
29364	303	12	new	new	JJ
29364	303	13	cotton	cotton	NN
29364	303	14	crop	crop	NN
29364	303	15	begins	begin	VBZ
29364	303	16	to	to	TO
29364	303	17	find	find	VB
29364	303	18	its	-PRON-	PRP$
29364	303	19	way	way	NN
29364	303	20	to	to	IN
29364	303	21	the	the	DT
29364	303	22	seaport	seaport	NN
29364	303	23	,	,	,
29364	303	24	until	until	IN
29364	303	25	the	the	DT
29364	303	26	middle	middle	NN
29364	303	27	of	of	IN
29364	303	28	December	December	NNP
29364	303	29	,	,	,
29364	303	30	when	when	WRB
29364	303	31	the	the	DT
29364	303	32	bulk	bulk	NN
29364	303	33	of	of	IN
29364	303	34	the	the	DT
29364	303	35	corn	corn	NN
29364	303	36	and	and	CC
29364	303	37	wheat	wheat	NN
29364	303	38	crop	crop	NN
29364	303	39	exports	export	NNS
29364	303	40	have	have	VBP
29364	303	41	been	be	VBN
29364	303	42	completed	complete	VBN
29364	303	43	,	,	,
29364	303	44	exchange	exchange	VBP
29364	303	45	in	in	IN
29364	303	46	very	very	RB
29364	303	47	great	great	JJ
29364	303	48	volume	volume	NN
29364	303	49	finds	find	VBZ
29364	303	50	its	-PRON-	PRP$
29364	303	51	way	way	NN
29364	303	52	into	into	IN
29364	303	53	the	the	DT
29364	303	54	New	New	NNP
29364	303	55	York	York	NNP
29364	303	56	market	market	NN
29364	303	57	.	.	.
29364	304	1	Normally	normally	RB
29364	304	2	this	this	DT
29364	304	3	is	be	VBZ
29364	304	4	the	the	DT
29364	304	5	season	season	NN
29364	304	6	of	of	IN
29364	304	7	low	low	JJ
29364	304	8	rates	rate	NNS
29364	304	9	,	,	,
29364	304	10	for	for	IN
29364	304	11	which	which	WDT
29364	304	12	reason	reason	NN
29364	304	13	many	many	JJ
29364	304	14	shippers	shipper	NNS
29364	304	15	of	of	IN
29364	304	16	cotton	cotton	NN
29364	304	17	and	and	CC
29364	304	18	grain	grain	NN
29364	304	19	,	,	,
29364	304	20	who	who	WP
29364	304	21	know	know	VBP
29364	304	22	months	month	NNS
29364	304	23	in	in	IN
29364	304	24	advance	advance	NN
29364	304	25	approximately	approximately	RB
29364	304	26	how	how	WRB
29364	304	27	much	much	RB
29364	304	28	they	-PRON-	PRP
29364	304	29	will	will	MD
29364	304	30	ship	ship	VB
29364	304	31	,	,	,
29364	304	32	contract	contract	VB
29364	304	33	ahead	ahead	RB
29364	304	34	of	of	IN
29364	304	35	time	time	NN
29364	304	36	with	with	IN
29364	304	37	exchange	exchange	NN
29364	304	38	dealers	dealer	NNS
29364	304	39	in	in	IN
29364	304	40	New	New	NNP
29364	304	41	York	York	NNP
29364	304	42	for	for	IN
29364	304	43	the	the	DT
29364	304	44	sale	sale	NN
29364	304	45	of	of	IN
29364	304	46	the	the	DT
29364	304	47	bills	bill	NNS
29364	304	48	they	-PRON-	PRP
29364	304	49	know	know	VBP
29364	304	50	they	-PRON-	PRP
29364	304	51	will	will	MD
29364	304	52	have	have	VB
29364	304	53	.	.	.
29364	305	1	By	by	IN
29364	305	2	so	so	RB
29364	305	3	doing	do	VBG
29364	305	4	,	,	,
29364	305	5	shippers	shipper	NNS
29364	305	6	are	be	VBP
29364	305	7	often	often	RB
29364	305	8	able	able	JJ
29364	305	9	to	to	TO
29364	305	10	obtain	obtain	VB
29364	305	11	very	very	RB
29364	305	12	much	much	RB
29364	305	13	better	well	JJR
29364	305	14	rates	rate	NNS
29364	305	15	.	.	.
29364	306	1	They	-PRON-	PRP
29364	306	2	can	can	MD
29364	306	3	then	then	RB
29364	306	4	protect	protect	VB
29364	306	5	themselves	-PRON-	PRP
29364	306	6	,	,	,
29364	306	7	at	at	IN
29364	306	8	least	least	JJS
29364	306	9	,	,	,
29364	306	10	from	from	IN
29364	306	11	the	the	DT
29364	306	12	extremely	extremely	RB
29364	306	13	low	low	JJ
29364	306	14	rates	rate	NNS
29364	306	15	which	which	WDT
29364	306	16	they	-PRON-	PRP
29364	306	17	may	may	MD
29364	306	18	be	be	VB
29364	306	19	forced	force	VBN
29364	306	20	to	to	TO
29364	306	21	take	take	VB
29364	306	22	if	if	IN
29364	306	23	they	-PRON-	PRP
29364	306	24	wait	wait	VBP
29364	306	25	and	and	CC
29364	306	26	accept	accept	VBP
29364	306	27	going	go	VBG
29364	306	28	rates	rate	NNS
29364	306	29	at	at	IN
29364	306	30	a	a	DT
29364	306	31	time	time	NN
29364	306	32	when	when	WRB
29364	306	33	shippers	shipper	NNS
29364	306	34	all	all	RB
29364	306	35	over	over	IN
29364	306	36	the	the	DT
29364	306	37	country	country	NN
29364	306	38	are	be	VBP
29364	306	39	trying	try	VBG
29364	306	40	to	to	TO
29364	306	41	sell	sell	VB
29364	306	42	their	-PRON-	PRP$
29364	306	43	bills	bill	NNS
29364	306	44	at	at	IN
29364	306	45	the	the	DT
29364	306	46	same	same	JJ
29364	306	47	time	time	NN
29364	306	48	.	.	.
29364	307	1	How	how	WRB
29364	307	2	great	great	JJ
29364	307	3	is	be	VBZ
29364	307	4	the	the	DT
29364	307	5	rush	rush	NN
29364	307	6	of	of	IN
29364	307	7	exchange	exchange	NN
29364	307	8	into	into	IN
29364	307	9	market	market	NN
29364	307	10	may	may	MD
29364	307	11	be	be	VB
29364	307	12	seen	see	VBN
29364	307	13	from	from	IN
29364	307	14	the	the	DT
29364	307	15	statistics	statistic	NNS
29364	307	16	of	of	IN
29364	307	17	cotton	cotton	NN
29364	307	18	exports	export	NNS
29364	307	19	during	during	IN
29364	307	20	the	the	DT
29364	307	21	period	period	NN
29364	307	22	given	give	VBN
29364	307	23	below	below	RB
29364	307	24	.	.	.
29364	308	1	Not	not	RB
29364	308	2	all	all	DT
29364	308	3	of	of	IN
29364	308	4	this	this	DT
29364	308	5	cotton	cotton	NN
29364	308	6	goes	go	VBZ
29364	308	7	out	out	RP
29364	308	8	during	during	IN
29364	308	9	the	the	DT
29364	308	10	last	last	JJ
29364	308	11	four	four	CD
29364	308	12	months	month	NNS
29364	308	13	of	of	IN
29364	308	14	the	the	DT
29364	308	15	year	year	NN
29364	308	16	,	,	,
29364	308	17	but	but	CC
29364	308	18	the	the	DT
29364	308	19	greater	great	JJR
29364	308	20	part	part	NN
29364	308	21	of	of	IN
29364	308	22	it	-PRON-	PRP
29364	308	23	does	do	VBZ
29364	308	24	and	and	CC
29364	308	25	,	,	,
29364	308	26	furthermore	furthermore	RB
29364	308	27	,	,	,
29364	308	28	cotton	cotton	NN
29364	308	29	,	,	,
29364	308	30	while	while	IN
29364	308	31	the	the	DT
29364	308	32	most	most	RBS
29364	308	33	important	important	JJ
29364	308	34	,	,	,
29364	308	35	is	be	VBZ
29364	308	36	only	only	RB
29364	308	37	_	_	NNP
29364	308	38	one	one	CD
29364	308	39	_	_	NNP
29364	308	40	of	of	IN
29364	308	41	the	the	DT
29364	308	42	domestic	domestic	JJ
29364	308	43	products	product	NNS
29364	308	44	exported	export	VBN
29364	308	45	in	in	IN
29364	308	46	the	the	DT
29364	308	47	autumn	autumn	NN
29364	308	48	.	.	.
29364	309	1	MONEY	money	NN
29364	309	2	VALUE	value	NN
29364	309	3	OF	of	IN
29364	309	4	COTTON	COTTON	NNP
29364	309	5	EXPORTED	export	VBD
29364	309	6	1913	1913	CD
29364	309	7	$	$	$
29364	309	8	547,357,000	547,357,000	CD
29364	309	9	1912	1912	CD
29364	309	10	565,849,000	565,849,000	CD
29364	309	11	1911	1911	CD
29364	309	12	585,318,000	585,318,000	CD
29364	309	13	1910	1910	CD
29364	309	14	450,447,000	450,447,000	CD
29364	309	15	1909	1909	CD
29364	309	16	417,390,000	417,390,000	CD
29364	309	17	During	during	IN
29364	309	18	the	the	DT
29364	309	19	autumn	autumn	NN
29364	309	20	months	month	NNS
29364	309	21	,	,	,
29364	309	22	under	under	IN
29364	309	23	normal	normal	JJ
29364	309	24	conditions	condition	NNS
29364	309	25	,	,	,
29364	309	26	the	the	DT
29364	309	27	advantage	advantage	NN
29364	309	28	is	be	VBZ
29364	309	29	all	all	RB
29364	309	30	with	with	IN
29364	309	31	the	the	DT
29364	309	32	buyer	buyer	NN
29364	309	33	of	of	IN
29364	309	34	foreign	foreign	JJ
29364	309	35	exchange	exchange	NN
29364	309	36	.	.	.
29364	310	1	By	by	IN
29364	310	2	every	every	DT
29364	310	3	mail	mail	NN
29364	310	4	huge	huge	JJ
29364	310	5	packages	package	NNS
29364	310	6	of	of	IN
29364	310	7	bills	bill	NNS
29364	310	8	,	,	,
29364	310	9	drawn	draw	VBN
29364	310	10	against	against	IN
29364	310	11	shipments	shipment	NNS
29364	310	12	of	of	IN
29364	310	13	cotton	cotton	NN
29364	310	14	,	,	,
29364	310	15	wheat	wheat	NN
29364	310	16	and	and	CC
29364	310	17	corn	corn	NN
29364	310	18	,	,	,
29364	310	19	come	come	VB
29364	310	20	pouring	pour	VBG
29364	310	21	into	into	IN
29364	310	22	the	the	DT
29364	310	23	New	New	NNP
29364	310	24	York	York	NNP
29364	310	25	market	market	NN
29364	310	26	.	.	.
29364	311	1	Bankers	banker	NNS
29364	311	2	'	'	POS
29364	311	3	portfolios	portfolio	NNS
29364	311	4	become	become	VBP
29364	311	5	crowded	crowded	JJ
29364	311	6	with	with	IN
29364	311	7	bills	bill	NNS
29364	311	8	;	;	,
29364	311	9	remittances	remittance	NNS
29364	311	10	by	by	IN
29364	311	11	each	each	DT
29364	311	12	steamer	steamer	NN
29364	311	13	,	,	,
29364	311	14	in	in	IN
29364	311	15	the	the	DT
29364	311	16	case	case	NN
29364	311	17	of	of	IN
29364	311	18	some	some	DT
29364	311	19	of	of	IN
29364	311	20	the	the	DT
29364	311	21	big	big	JJ
29364	311	22	bankers	banker	NNS
29364	311	23	,	,	,
29364	311	24	run	run	VB
29364	311	25	up	up	RB
29364	311	26	,	,	,
29364	311	27	literally	literally	RB
29364	311	28	,	,	,
29364	311	29	into	into	IN
29364	311	30	the	the	DT
29364	311	31	millions	million	NNS
29364	311	32	of	of	IN
29364	311	33	dollars	dollar	NNS
29364	311	34	.	.	.
29364	312	1	Naturally	naturally	RB
29364	312	2	,	,	,
29364	312	3	any	any	DT
29364	312	4	one	one	CD
29364	312	5	wanting	want	VBG
29364	312	6	bankers	banker	NNS
29364	312	7	'	'	POS
29364	312	8	exchange	exchange	NN
29364	312	9	is	be	VBZ
29364	312	10	usually	usually	RB
29364	312	11	able	able	JJ
29364	312	12	to	to	TO
29364	312	13	secure	secure	VB
29364	312	14	it	-PRON-	PRP
29364	312	15	at	at	IN
29364	312	16	a	a	DT
29364	312	17	low	low	JJ
29364	312	18	price	price	NN
29364	312	19	.	.	.
29364	313	1	2	2	LS
29364	313	2	.	.	.
29364	314	1	With	with	IN
29364	314	2	regard	regard	NN
29364	314	3	to	to	IN
29364	314	4	the	the	DT
29364	314	5	second	second	JJ
29364	314	6	influence	influence	NN
29364	314	7	making	making	NN
29364	314	8	for	for	IN
29364	314	9	low	low	JJ
29364	314	10	exchange	exchange	NN
29364	314	11	,	,	,
29364	314	12	sale	sale	NN
29364	314	13	of	of	IN
29364	314	14	American	american	JJ
29364	314	15	bonds	bond	NNS
29364	314	16	or	or	CC
29364	314	17	stocks	stock	NNS
29364	314	18	abroad	abroad	RB
29364	314	19	,	,	,
29364	314	20	no	no	DT
29364	314	21	season	season	NN
29364	314	22	can	can	MD
29364	314	23	be	be	VB
29364	314	24	set	set	VBN
29364	314	25	when	when	WRB
29364	314	26	the	the	DT
29364	314	27	influence	influence	NN
29364	314	28	is	be	VBZ
29364	314	29	more	more	RBR
29364	314	30	likely	likely	JJ
29364	314	31	to	to	TO
29364	314	32	be	be	VB
29364	314	33	operative	operative	JJ
29364	314	34	than	than	IN
29364	314	35	at	at	IN
29364	314	36	any	any	DT
29364	314	37	other	other	JJ
29364	314	38	,	,	,
29364	314	39	unless	unless	IN
29364	314	40	,	,	,
29364	314	41	possibly	possibly	RB
29364	314	42	,	,	,
29364	314	43	it	-PRON-	PRP
29364	314	44	be	be	VB
29364	314	45	the	the	DT
29364	314	46	Spring	spring	NN
29364	314	47	,	,	,
29364	314	48	when	when	WRB
29364	314	49	money	money	NN
29364	314	50	rates	rate	NNS
29364	314	51	are	be	VBP
29364	314	52	more	more	RBR
29364	314	53	apt	apt	JJ
29364	314	54	to	to	TO
29364	314	55	be	be	VB
29364	314	56	low	low	JJ
29364	314	57	and	and	CC
29364	314	58	bond	bond	NN
29364	314	59	issues	issue	NNS
29364	314	60	larger	large	JJR
29364	314	61	than	than	IN
29364	314	62	at	at	IN
29364	314	63	any	any	DT
29364	314	64	other	other	JJ
29364	314	65	time	time	NN
29364	314	66	of	of	IN
29364	314	67	the	the	DT
29364	314	68	year	year	NN
29364	314	69	.	.	.
29364	315	1	No	no	DT
29364	315	2	time	time	NN
29364	315	3	,	,	,
29364	315	4	however	however	RB
29364	315	5	,	,	,
29364	315	6	can	can	MD
29364	315	7	be	be	VB
29364	315	8	definitely	definitely	RB
29364	315	9	set	set	VBN
29364	315	10	--	--	:
29364	315	11	there	there	EX
29364	315	12	are	be	VBP
29364	315	13	years	year	NNS
29364	315	14	when	when	WRB
29364	315	15	the	the	DT
29364	315	16	bulk	bulk	NN
29364	315	17	of	of	IN
29364	315	18	the	the	DT
29364	315	19	new	new	JJ
29364	315	20	issues	issue	NNS
29364	315	21	are	be	VBP
29364	315	22	brought	bring	VBN
29364	315	23	out	out	RP
29364	315	24	in	in	IN
29364	315	25	the	the	DT
29364	315	26	Spring	Spring	NNP
29364	315	27	and	and	CC
29364	315	28	other	other	JJ
29364	315	29	years	year	NNS
29364	315	30	when	when	WRB
29364	315	31	the	the	DT
29364	315	32	Fall	Fall	NNP
29364	315	33	season	season	NN
29364	315	34	sees	see	VBZ
29364	315	35	most	most	JJS
29364	315	36	of	of	IN
29364	315	37	the	the	DT
29364	315	38	new	new	JJ
29364	315	39	financing	financing	NN
29364	315	40	.	.	.
29364	316	1	But	but	CC
29364	316	2	whatever	whatever	WDT
29364	316	3	the	the	DT
29364	316	4	time	time	NN
29364	316	5	of	of	IN
29364	316	6	the	the	DT
29364	316	7	year	year	NN
29364	316	8	,	,	,
29364	316	9	one	one	CD
29364	316	10	thing	thing	NN
29364	316	11	is	be	VBZ
29364	316	12	certain	certain	JJ
29364	316	13	--	--	:
29364	316	14	the	the	DT
29364	316	15	issue	issue	NN
29364	316	16	of	of	IN
29364	316	17	any	any	DT
29364	316	18	amount	amount	NN
29364	316	19	of	of	IN
29364	316	20	American	american	JJ
29364	316	21	bonds	bond	NNS
29364	316	22	with	with	IN
29364	316	23	Europe	Europe	NNP
29364	316	24	participating	participate	VBG
29364	316	25	largely	largely	RB
29364	316	26	means	mean	VBZ
29364	316	27	a	a	DT
29364	316	28	full	full	JJ
29364	316	29	supply	supply	NN
29364	316	30	of	of	IN
29364	316	31	foreign	foreign	JJ
29364	316	32	exchange	exchange	NN
29364	316	33	not	not	RB
29364	316	34	only	only	RB
29364	316	35	during	during	IN
29364	316	36	the	the	DT
29364	316	37	time	time	NN
29364	316	38	the	the	DT
29364	316	39	issues	issue	NNS
29364	316	40	are	be	VBP
29364	316	41	actually	actually	RB
29364	316	42	being	be	VBG
29364	316	43	brought	bring	VBN
29364	316	44	out	out	RP
29364	316	45	,	,	,
29364	316	46	but	but	CC
29364	316	47	for	for	IN
29364	316	48	long	long	RB
29364	316	49	afterward	afterward	RB
29364	316	50	.	.	.
29364	317	1	There	there	EX
29364	317	2	used	use	VBN
29364	317	3	to	to	TO
29364	317	4	be	be	VB
29364	317	5	a	a	DT
29364	317	6	saying	saying	NN
29364	317	7	among	among	IN
29364	317	8	exchange	exchange	NN
29364	317	9	dealers	dealer	NNS
29364	317	10	that	that	WDT
29364	317	11	cotton	cotton	NN
29364	317	12	exports	export	NNS
29364	317	13	make	make	VBP
29364	317	14	exchange	exchange	NN
29364	317	15	faster	fast	RBR
29364	317	16	than	than	IN
29364	317	17	anything	anything	NN
29364	317	18	,	,	,
29364	317	19	but	but	CC
29364	317	20	nowadays	nowadays	RB
29364	317	21	bond	bond	NN
29364	317	22	sales	sale	NNS
29364	317	23	abroad	abroad	RB
29364	317	24	have	have	VBP
29364	317	25	come	come	VBN
29364	317	26	to	to	TO
29364	317	27	take	take	VB
29364	317	28	first	first	JJ
29364	317	29	place	place	NN
29364	317	30	.	.	.
29364	318	1	For	for	IN
29364	318	2	foreign	foreign	JJ
29364	318	3	participation	participation	NN
29364	318	4	in	in	IN
29364	318	5	syndicates	syndicate	NNS
29364	318	6	formed	form	VBN
29364	318	7	to	to	TO
29364	318	8	underwrite	underwrite	VB
29364	318	9	new	new	JJ
29364	318	10	issues	issue	NNS
29364	318	11	almost	almost	RB
29364	318	12	invariably	invariably	RB
29364	318	13	means	mean	VBZ
29364	318	14	the	the	DT
29364	318	15	drawing	drawing	NN
29364	318	16	of	of	IN
29364	318	17	bills	bill	NNS
29364	318	18	representing	represent	VBG
29364	318	19	the	the	DT
29364	318	20	full	full	JJ
29364	318	21	amount	amount	NN
29364	318	22	of	of	IN
29364	318	23	the	the	DT
29364	318	24	foreign	foreign	JJ
29364	318	25	participation	participation	NN
29364	318	26	.	.	.
29364	319	1	A	a	DT
29364	319	2	syndicate	syndicate	NN
29364	319	3	is	be	VBZ
29364	319	4	formed	form	VBN
29364	319	5	,	,	,
29364	319	6	for	for	IN
29364	319	7	instance	instance	NN
29364	319	8	,	,	,
29364	319	9	to	to	TO
29364	319	10	take	take	VB
29364	319	11	off	off	RP
29364	319	12	the	the	DT
29364	319	13	hands	hand	NNS
29364	319	14	of	of	IN
29364	319	15	the	the	DT
29364	319	16	X	x	NN
29364	319	17	Y	y	NN
29364	319	18	Z	z	NN
29364	319	19	railroad	railroad	NN
29364	319	20	$	$	$
29364	319	21	30,000,000	30,000,000	CD
29364	319	22	of	of	IN
29364	319	23	new	new	JJ
29364	319	24	bonds	bond	NNS
29364	319	25	,	,	,
29364	319	26	the	the	DT
29364	319	27	arrangement	arrangement	NN
29364	319	28	being	be	VBG
29364	319	29	that	that	IN
29364	319	30	the	the	DT
29364	319	31	railroad	railroad	NN
29364	319	32	is	be	VBZ
29364	319	33	to	to	TO
29364	319	34	receive	receive	VB
29364	319	35	its	-PRON-	PRP$
29364	319	36	money	money	NN
29364	319	37	at	at	IN
29364	319	38	once	once	RB
29364	319	39	and	and	CC
29364	319	40	that	that	IN
29364	319	41	the	the	DT
29364	319	42	syndicate	syndicate	NN
29364	319	43	is	be	VBZ
29364	319	44	to	to	TO
29364	319	45	take	take	VB
29364	319	46	its	-PRON-	PRP$
29364	319	47	own	own	JJ
29364	319	48	time	time	NN
29364	319	49	about	about	IN
29364	319	50	working	work	VBG
29364	319	51	off	off	RP
29364	319	52	the	the	DT
29364	319	53	bonds	bond	NNS
29364	319	54	.	.	.
29364	320	1	Half	half	PDT
29364	320	2	the	the	DT
29364	320	3	amount	amount	NN
29364	320	4	,	,	,
29364	320	5	say	say	UH
29364	320	6	,	,	,
29364	320	7	has	have	VBZ
29364	320	8	been	be	VBN
29364	320	9	allotted	allot	VBN
29364	320	10	to	to	IN
29364	320	11	foreign	foreign	JJ
29364	320	12	houses	house	NNS
29364	320	13	.	.	.
29364	321	1	Immediately	immediately	RB
29364	321	2	,	,	,
29364	321	3	the	the	DT
29364	321	4	drawing	drawing	NN
29364	321	5	of	of	IN
29364	321	6	£	£	$
29364	321	7	3,000,000	3,000,000	CD
29364	321	8	,	,	,
29364	321	9	or	or	CC
29364	321	10	francs	franc	NNS
29364	321	11	75,000,000	75,000,000	CD
29364	321	12	,	,	,
29364	321	13	as	as	IN
29364	321	14	the	the	DT
29364	321	15	case	case	NN
29364	321	16	may	may	MD
29364	321	17	be	be	VB
29364	321	18	,	,	,
29364	321	19	begins	begin	VBZ
29364	321	20	.	.	.
29364	322	1	The	the	DT
29364	322	2	foreign	foreign	JJ
29364	322	3	houses	house	NNS
29364	322	4	have	have	VBP
29364	322	5	to	to	TO
29364	322	6	raise	raise	VB
29364	322	7	the	the	DT
29364	322	8	money	money	NN
29364	322	9	,	,	,
29364	322	10	and	and	CC
29364	322	11	in	in	IN
29364	322	12	nine	nine	CD
29364	322	13	cases	case	NNS
29364	322	14	out	out	IN
29364	322	15	of	of	IN
29364	322	16	ten	ten	CD
29364	322	17	,	,	,
29364	322	18	their	-PRON-	PRP$
29364	322	19	way	way	NN
29364	322	20	of	of	IN
29364	322	21	doing	do	VBG
29364	322	22	it	-PRON-	PRP
29364	322	23	is	be	VBZ
29364	322	24	to	to	TO
29364	322	25	arrange	arrange	VB
29364	322	26	with	with	IN
29364	322	27	some	some	DT
29364	322	28	representative	representative	NN
29364	322	29	abroad	abroad	RB
29364	322	30	to	to	TO
29364	322	31	let	let	VB
29364	322	32	them	-PRON-	PRP
29364	322	33	draw	draw	VB
29364	322	34	long	long	JJ
29364	322	35	drafts	draft	NNS
29364	322	36	,	,	,
29364	322	37	against	against	IN
29364	322	38	the	the	DT
29364	322	39	deposit	deposit	NN
29364	322	40	of	of	IN
29364	322	41	securities	security	NNS
29364	322	42	on	on	IN
29364	322	43	this	this	DT
29364	322	44	side	side	NN
29364	322	45	.	.	.
29364	323	1	These	these	DT
29364	323	2	drafts	draft	NNS
29364	323	3	,	,	,
29364	323	4	in	in	IN
29364	323	5	pounds	pound	NNS
29364	323	6	or	or	CC
29364	323	7	francs	franc	NNS
29364	323	8	,	,	,
29364	323	9	at	at	IN
29364	323	10	sixty	sixty	CD
29364	323	11	to	to	IN
29364	323	12	ninety	ninety	CD
29364	323	13	days	day	NNS
29364	323	14	'	'	POS
29364	323	15	sight	sight	NN
29364	323	16	,	,	,
29364	323	17	they	-PRON-	PRP
29364	323	18	can	can	MD
29364	323	19	sell	sell	VB
29364	323	20	in	in	IN
29364	323	21	the	the	DT
29364	323	22	exchange	exchange	NN
29364	323	23	market	market	NN
29364	323	24	for	for	IN
29364	323	25	dollars	dollar	NNS
29364	323	26	,	,	,
29364	323	27	thus	thus	RB
29364	323	28	securing	secure	VBG
29364	323	29	the	the	DT
29364	323	30	money	money	NN
29364	323	31	they	-PRON-	PRP
29364	323	32	have	have	VBP
29364	323	33	agreed	agree	VBN
29364	323	34	to	to	TO
29364	323	35	turn	turn	VB
29364	323	36	over	over	RP
29364	323	37	to	to	IN
29364	323	38	the	the	DT
29364	323	39	railroad	railroad	NN
29364	323	40	.	.	.
29364	324	1	In	in	IN
29364	324	2	the	the	DT
29364	324	3	meantime	meantime	NN
29364	324	4	,	,	,
29364	324	5	during	during	IN
29364	324	6	the	the	DT
29364	324	7	life	life	NN
29364	324	8	of	of	IN
29364	324	9	the	the	DT
29364	324	10	drafts	draft	NNS
29364	324	11	they	-PRON-	PRP
29364	324	12	have	have	VBP
29364	324	13	set	set	VBN
29364	324	14	afloat	afloat	RB
29364	324	15	and	and	CC
29364	324	16	before	before	IN
29364	324	17	they	-PRON-	PRP
29364	324	18	come	come	VBP
29364	324	19	due	due	JJ
29364	324	20	and	and	CC
29364	324	21	have	have	VB
29364	324	22	to	to	TO
29364	324	23	be	be	VB
29364	324	24	paid	pay	VBN
29364	324	25	off	off	RP
29364	324	26	,	,	,
29364	324	27	the	the	DT
29364	324	28	bankers	banker	NNS
29364	324	29	here	here	RB
29364	324	30	can	can	MD
29364	324	31	go	go	VB
29364	324	32	about	about	IN
29364	324	33	selling	sell	VBG
29364	324	34	the	the	DT
29364	324	35	bonds	bond	NNS
29364	324	36	and	and	CC
29364	324	37	getting	get	VBG
29364	324	38	back	back	RB
29364	324	39	their	-PRON-	PRP$
29364	324	40	money	money	NN
29364	324	41	.	.	.
29364	325	1	Perhaps	perhaps	RB
29364	325	2	before	before	IN
29364	325	3	the	the	DT
29364	325	4	sixty	sixty	CD
29364	325	5	or	or	CC
29364	325	6	ninety	ninety	CD
29364	325	7	days	day	NNS
29364	325	8	,	,	,
29364	325	9	as	as	IN
29364	325	10	the	the	DT
29364	325	11	case	case	NN
29364	325	12	may	may	MD
29364	325	13	be	be	VB
29364	325	14	,	,	,
29364	325	15	are	be	VBP
29364	325	16	over	over	RB
29364	325	17	,	,	,
29364	325	18	the	the	DT
29364	325	19	syndicate	syndicate	NN
29364	325	20	may	may	MD
29364	325	21	have	have	VB
29364	325	22	sold	sell	VBN
29364	325	23	out	out	RP
29364	325	24	all	all	PDT
29364	325	25	its	-PRON-	PRP$
29364	325	26	bonds	bond	NNS
29364	325	27	and	and	CC
29364	325	28	its	-PRON-	PRP$
29364	325	29	foreign	foreign	JJ
29364	325	30	members	member	NNS
29364	325	31	have	have	VBP
29364	325	32	been	be	VBN
29364	325	33	put	put	VBN
29364	325	34	in	in	IN
29364	325	35	a	a	DT
29364	325	36	position	position	NN
29364	325	37	where	where	WRB
29364	325	38	they	-PRON-	PRP
29364	325	39	can	can	MD
29364	325	40	pay	pay	VB
29364	325	41	off	off	RP
29364	325	42	all	all	PDT
29364	325	43	the	the	DT
29364	325	44	drafts	draft	NNS
29364	325	45	they	-PRON-	PRP
29364	325	46	set	set	VBD
29364	325	47	afloat	afloat	RB
29364	325	48	originally	originally	RB
29364	325	49	in	in	IN
29364	325	50	order	order	NN
29364	325	51	to	to	TO
29364	325	52	raise	raise	VB
29364	325	53	the	the	DT
29364	325	54	money	money	NN
29364	325	55	.	.	.
29364	326	1	Very	very	RB
29364	326	2	often	often	RB
29364	326	3	,	,	,
29364	326	4	however	however	RB
29364	326	5	,	,	,
29364	326	6	it	-PRON-	PRP
29364	326	7	will	will	MD
29364	326	8	happen	happen	VB
29364	326	9	that	that	DT
29364	326	10	on	on	IN
29364	326	11	account	account	NN
29364	326	12	of	of	IN
29364	326	13	one	one	CD
29364	326	14	reason	reason	NN
29364	326	15	or	or	CC
29364	326	16	another	another	DT
29364	326	17	,	,	,
29364	326	18	sixty	sixty	JJ
29364	326	19	days	day	NNS
29364	326	20	pass	pass	NN
29364	326	21	or	or	CC
29364	326	22	ninety	ninety	CD
29364	326	23	days	day	NNS
29364	326	24	pass	pass	VB
29364	326	25	without	without	IN
29364	326	26	the	the	DT
29364	326	27	syndicate	syndicate	NN
29364	326	28	having	have	VBG
29364	326	29	been	be	VBN
29364	326	30	able	able	JJ
29364	326	31	to	to	TO
29364	326	32	dispose	dispose	VB
29364	326	33	of	of	IN
29364	326	34	its	-PRON-	PRP$
29364	326	35	bonds	bond	NNS
29364	326	36	.	.	.
29364	327	1	In	in	IN
29364	327	2	that	that	DT
29364	327	3	case	case	NN
29364	327	4	the	the	DT
29364	327	5	long	long	JJ
29364	327	6	bills	bill	NNS
29364	327	7	drawn	draw	VBN
29364	327	8	on	on	IN
29364	327	9	the	the	DT
29364	327	10	foreign	foreign	JJ
29364	327	11	bankers	banker	NNS
29364	327	12	have	have	VBP
29364	327	13	to	to	TO
29364	327	14	be	be	VB
29364	327	15	"	"	``
29364	327	16	renewed"--that	renewed"--that	IN
29364	327	17	being	be	VBG
29364	327	18	a	a	DT
29364	327	19	process	process	NN
29364	327	20	for	for	IN
29364	327	21	which	which	WDT
29364	327	22	ample	ample	JJ
29364	327	23	provision	provision	NN
29364	327	24	has	have	VBZ
29364	327	25	,	,	,
29364	327	26	of	of	IN
29364	327	27	course	course	NN
29364	327	28	,	,	,
29364	327	29	been	be	VBN
29364	327	30	made	make	VBN
29364	327	31	.	.	.
29364	328	1	In	in	IN
29364	328	2	a	a	DT
29364	328	3	succeeding	succeed	VBG
29364	328	4	chapter	chapter	NN
29364	328	5	,	,	,
29364	328	6	full	full	JJ
29364	328	7	description	description	NN
29364	328	8	of	of	IN
29364	328	9	how	how	WRB
29364	328	10	long	long	JJ
29364	328	11	bills	bill	NNS
29364	328	12	of	of	IN
29364	328	13	exchange	exchange	NN
29364	328	14	coming	come	VBG
29364	328	15	due	due	JJ
29364	328	16	are	be	VBP
29364	328	17	renewed	renew	VBN
29364	328	18	will	will	MD
29364	328	19	be	be	VB
29364	328	20	made	make	VBN
29364	328	21	.	.	.
29364	329	1	Just	just	RB
29364	329	2	here	here	RB
29364	329	3	it	-PRON-	PRP
29364	329	4	is	be	VBZ
29364	329	5	only	only	RB
29364	329	6	necessary	necessary	JJ
29364	329	7	to	to	TO
29364	329	8	say	say	VB
29364	329	9	that	that	IN
29364	329	10	most	most	JJS
29364	329	11	or	or	CC
29364	329	12	all	all	DT
29364	329	13	of	of	IN
29364	329	14	the	the	DT
29364	329	15	money	money	NN
29364	329	16	necessary	necessary	JJ
29364	329	17	to	to	TO
29364	329	18	pay	pay	VB
29364	329	19	off	off	RP
29364	329	20	the	the	DT
29364	329	21	maturing	mature	VBG
29364	329	22	bills	bill	NNS
29364	329	23	is	be	VBZ
29364	329	24	raised	raise	VBN
29364	329	25	by	by	IN
29364	329	26	selling	sell	VBG
29364	329	27	another	another	DT
29364	329	28	batch	batch	NN
29364	329	29	of	of	IN
29364	329	30	"	"	``
29364	329	31	sixties	sixty	NNS
29364	329	32	"	"	''
29364	329	33	or	or	CC
29364	329	34	"	"	``
29364	329	35	nineties	ninety	NNS
29364	329	36	,	,	,
29364	329	37	"	"	''
29364	329	38	an	an	DT
29364	329	39	operation	operation	NN
29364	329	40	which	which	WDT
29364	329	41	throws	throw	VBZ
29364	329	42	the	the	DT
29364	329	43	maturity	maturity	NN
29364	329	44	two	two	CD
29364	329	45	or	or	CC
29364	329	46	three	three	CD
29364	329	47	months	month	NNS
29364	329	48	further	further	RB
29364	329	49	ahead	ahead	RB
29364	329	50	.	.	.
29364	330	1	From	from	IN
29364	330	2	this	this	DT
29364	330	3	outline	outline	NN
29364	330	4	of	of	IN
29364	330	5	the	the	DT
29364	330	6	way	way	NN
29364	330	7	foreign	foreign	JJ
29364	330	8	participation	participation	NN
29364	330	9	in	in	IN
29364	330	10	American	american	JJ
29364	330	11	bond	bond	NN
29364	330	12	issues	issue	NNS
29364	330	13	is	be	VBZ
29364	330	14	financed	finance	VBN
29364	330	15	,	,	,
29364	330	16	it	-PRON-	PRP
29364	330	17	can	can	MD
29364	330	18	be	be	VB
29364	330	19	seen	see	VBN
29364	330	20	that	that	IN
29364	330	21	every	every	DT
29364	330	22	time	time	NN
29364	330	23	a	a	DT
29364	330	24	big	big	JJ
29364	330	25	issue	issue	NN
29364	330	26	of	of	IN
29364	330	27	bonds	bond	NNS
29364	330	28	of	of	IN
29364	330	29	a	a	DT
29364	330	30	railroad	railroad	NN
29364	330	31	or	or	CC
29364	330	32	industrial	industrial	JJ
29364	330	33	in	in	IN
29364	330	34	which	which	WDT
29364	330	35	European	european	JJ
29364	330	36	investors	investor	NNS
29364	330	37	are	be	VBP
29364	330	38	actively	actively	RB
29364	330	39	interested	interested	JJ
29364	330	40	,	,	,
29364	330	41	is	be	VBZ
29364	330	42	brought	bring	VBN
29364	330	43	out	out	RP
29364	330	44	,	,	,
29364	330	45	it	-PRON-	PRP
29364	330	46	means	mean	VBZ
29364	330	47	a	a	DT
29364	330	48	large	large	JJ
29364	330	49	supply	supply	NN
29364	330	50	of	of	IN
29364	330	51	foreign	foreign	JJ
29364	330	52	exchange	exchange	NN
29364	330	53	created	create	VBN
29364	330	54	and	and	CC
29364	330	55	suddenly	suddenly	RB
29364	330	56	thrown	throw	VBN
29364	330	57	on	on	IN
29364	330	58	the	the	DT
29364	330	59	exchange	exchange	NN
29364	330	60	market	market	NN
29364	330	61	for	for	IN
29364	330	62	sale	sale	NN
29364	330	63	.	.	.
29364	331	1	Not	not	RB
29364	331	2	any	any	DT
29364	331	3	more	more	RBR
29364	331	4	suddenly	suddenly	RB
29364	331	5	or	or	CC
29364	331	6	publicly	publicly	RB
29364	331	7	than	than	IN
29364	331	8	the	the	DT
29364	331	9	bankers	banker	NNS
29364	331	10	concerned	concern	VBN
29364	331	11	can	can	MD
29364	331	12	help	help	VB
29364	331	13	,	,	,
29364	331	14	but	but	CC
29364	331	15	still	still	RB
29364	331	16	necessarily	necessarily	RB
29364	331	17	so	so	RB
29364	331	18	to	to	IN
29364	331	19	a	a	DT
29364	331	20	great	great	JJ
29364	331	21	degree	degree	NN
29364	331	22	,	,	,
29364	331	23	because	because	IN
29364	331	24	big	big	JJ
29364	331	25	bond	bond	NN
29364	331	26	issues	issue	NNS
29364	331	27	can	can	MD
29364	331	28	only	only	RB
29364	331	29	be	be	VB
29364	331	30	made	make	VBN
29364	331	31	with	with	IN
29364	331	32	the	the	DT
29364	331	33	full	full	JJ
29364	331	34	knowledge	knowledge	NN
29364	331	35	and	and	CC
29364	331	36	coöperation	coöperation	NN
29364	331	37	of	of	IN
29364	331	38	a	a	DT
29364	331	39	large	large	JJ
29364	331	40	part	part	NN
29364	331	41	of	of	IN
29364	331	42	the	the	DT
29364	331	43	public	public	NN
29364	331	44	.	.	.
29364	332	1	Bankers	banker	NNS
29364	332	2	who	who	WP
29364	332	3	know	know	VBP
29364	332	4	in	in	IN
29364	332	5	advance	advance	NN
29364	332	6	of	of	IN
29364	332	7	large	large	JJ
29364	332	8	issues	issue	NNS
29364	332	9	likely	likely	JJ
29364	332	10	to	to	TO
29364	332	11	be	be	VB
29364	332	12	made	make	VBN
29364	332	13	and	and	CC
29364	332	14	in	in	IN
29364	332	15	which	which	WDT
29364	332	16	they	-PRON-	PRP
29364	332	17	know	know	VBP
29364	332	18	they	-PRON-	PRP
29364	332	19	will	will	MD
29364	332	20	be	be	VB
29364	332	21	asked	ask	VBN
29364	332	22	to	to	TO
29364	332	23	participate	participate	VB
29364	332	24	,	,	,
29364	332	25	often	often	RB
29364	332	26	sell	sell	VBP
29364	332	27	"	"	``
29364	332	28	futures	future	NNS
29364	332	29	"	"	''
29364	332	30	covering	cover	VBG
29364	332	31	the	the	DT
29364	332	32	exchange	exchange	NN
29364	332	33	they	-PRON-	PRP
29364	332	34	foresee	foresee	VBP
29364	332	35	their	-PRON-	PRP$
29364	332	36	participation	participation	NN
29364	332	37	will	will	MD
29364	332	38	bring	bring	VB
29364	332	39	into	into	IN
29364	332	40	existence	existence	NN
29364	332	41	,	,	,
29364	332	42	but	but	CC
29364	332	43	as	as	IN
29364	332	44	a	a	DT
29364	332	45	general	general	JJ
29364	332	46	rule	rule	NN
29364	332	47	it	-PRON-	PRP
29364	332	48	may	may	MD
29364	332	49	be	be	VB
29364	332	50	set	set	VBN
29364	332	51	down	down	RP
29364	332	52	that	that	DT
29364	332	53	heavy	heavy	JJ
29364	332	54	issues	issue	NNS
29364	332	55	,	,	,
29364	332	56	involving	involve	VBG
29364	332	57	the	the	DT
29364	332	58	sale	sale	NN
29364	332	59	abroad	abroad	RB
29364	332	60	of	of	IN
29364	332	61	large	large	JJ
29364	332	62	amounts	amount	NNS
29364	332	63	of	of	IN
29364	332	64	bonds	bond	NNS
29364	332	65	,	,	,
29364	332	66	are	be	VBP
29364	332	67	a	a	DT
29364	332	68	most	most	RBS
29364	332	69	depressing	depressing	JJ
29364	332	70	factor	factor	NN
29364	332	71	on	on	IN
29364	332	72	the	the	DT
29364	332	73	foreign	foreign	JJ
29364	332	74	exchange	exchange	NN
29364	332	75	market	market	NN
29364	332	76	.	.	.
29364	333	1	Especially	especially	RB
29364	333	2	so	so	RB
29364	333	3	,	,	,
29364	333	4	as	as	IN
29364	333	5	the	the	DT
29364	333	6	participants	participant	NNS
29364	333	7	who	who	WP
29364	333	8	have	have	VBP
29364	333	9	agreed	agree	VBN
29364	333	10	to	to	TO
29364	333	11	turn	turn	VB
29364	333	12	over	over	RP
29364	333	13	the	the	DT
29364	333	14	money	money	NN
29364	333	15	to	to	IN
29364	333	16	the	the	DT
29364	333	17	railroad	railroad	NN
29364	333	18	,	,	,
29364	333	19	must	must	MD
29364	333	20	sell	sell	VB
29364	333	21	bills	bill	NNS
29364	333	22	to	to	TO
29364	333	23	raise	raise	VB
29364	333	24	it	-PRON-	PRP
29364	333	25	,	,	,
29364	333	26	even	even	RB
29364	333	27	if	if	IN
29364	333	28	the	the	DT
29364	333	29	horde	horde	NN
29364	333	30	of	of	IN
29364	333	31	speculators	speculator	NNS
29364	333	32	and	and	CC
29364	333	33	"	"	``
29364	333	34	trailers	trailer	NNS
29364	333	35	"	"	''
29364	333	36	who	who	WP
29364	333	37	are	be	VBP
29364	333	38	always	always	RB
29364	333	39	on	on	IN
29364	333	40	the	the	DT
29364	333	41	lookout	lookout	NN
29364	333	42	for	for	IN
29364	333	43	such	such	JJ
29364	333	44	opportunities	opportunity	NNS
29364	333	45	,	,	,
29364	333	46	make	make	VB
29364	333	47	every	every	DT
29364	333	48	effort	effort	NN
29364	333	49	to	to	TO
29364	333	50	sell	sell	VB
29364	333	51	the	the	DT
29364	333	52	market	market	NN
29364	333	53	out	out	RP
29364	333	54	from	from	IN
29364	333	55	under	under	IN
29364	333	56	their	-PRON-	PRP$
29364	333	57	feet	foot	NNS
29364	333	58	.	.	.
29364	334	1	3	3	LS
29364	334	2	.	.	.
29364	335	1	Uneasiness	uneasiness	NN
29364	335	2	with	with	IN
29364	335	3	regard	regard	NN
29364	335	4	to	to	IN
29364	335	5	the	the	DT
29364	335	6	stability	stability	NN
29364	335	7	of	of	IN
29364	335	8	the	the	DT
29364	335	9	financial	financial	JJ
29364	335	10	situation	situation	NN
29364	335	11	at	at	IN
29364	335	12	some	some	DT
29364	335	13	point	point	NN
29364	335	14	abroad	abroad	RB
29364	335	15	where	where	WRB
29364	335	16	American	american	JJ
29364	335	17	bankers	banker	NNS
29364	335	18	usually	usually	RB
29364	335	19	carry	carry	VBP
29364	335	20	large	large	JJ
29364	335	21	balances	balance	NNS
29364	335	22	is	be	VBZ
29364	335	23	another	another	DT
29364	335	24	circumstance	circumstance	NN
29364	335	25	which	which	WDT
29364	335	26	often	often	RB
29364	335	27	depresses	depress	VBZ
29364	335	28	the	the	DT
29364	335	29	exchange	exchange	NN
29364	335	30	market	market	NN
29364	335	31	sharply	sharply	RB
29364	335	32	.	.	.
29364	336	1	"	"	``
29364	336	2	Trouble	trouble	NN
29364	336	3	in	in	IN
29364	336	4	the	the	DT
29364	336	5	Balkans	Balkans	NNPS
29364	336	6	"	"	''
29364	336	7	and	and	CC
29364	336	8	"	"	``
29364	336	9	trouble	trouble	NN
29364	336	10	over	over	IN
29364	336	11	the	the	DT
29364	336	12	Moroccan	moroccan	JJ
29364	336	13	situation	situation	NN
29364	336	14	"	"	''
29364	336	15	are	be	VBP
29364	336	16	two	two	CD
29364	336	17	bugbears	bugbear	NNS
29364	336	18	which	which	WDT
29364	336	19	have	have	VBP
29364	336	20	for	for	IN
29364	336	21	years	year	NNS
29364	336	22	back	back	RB
29364	336	23	furnished	furnish	VBD
29364	336	24	the	the	DT
29364	336	25	keynote	keynote	NN
29364	336	26	for	for	IN
29364	336	27	many	many	JJ
29364	336	28	swoops	swoop	NNS
29364	336	29	downward	downward	RB
29364	336	30	in	in	IN
29364	336	31	the	the	DT
29364	336	32	exchange	exchange	NN
29364	336	33	market	market	NN
29364	336	34	,	,	,
29364	336	35	and	and	CC
29364	336	36	for	for	IN
29364	336	37	years	year	NNS
29364	336	38	after	after	IN
29364	336	39	this	this	DT
29364	336	40	book	book	NN
29364	336	41	is	be	VBZ
29364	336	42	published	publish	VBN
29364	336	43	will	will	MD
29364	336	44	probably	probably	RB
29364	336	45	continue	continue	VB
29364	336	46	to	to	TO
29364	336	47	do	do	VB
29364	336	48	so	so	RB
29364	336	49	.	.	.
29364	337	1	Money	money	NN
29364	337	2	on	on	IN
29364	337	3	deposit	deposit	NN
29364	337	4	at	at	IN
29364	337	5	a	a	DT
29364	337	6	point	point	NN
29364	337	7	several	several	JJ
29364	337	8	thousand	thousand	CD
29364	337	9	miles	mile	NNS
29364	337	10	away	away	RB
29364	337	11	is	be	VBZ
29364	337	12	naturally	naturally	RB
29364	337	13	very	very	RB
29364	337	14	sensitive	sensitive	JJ
29364	337	15	,	,	,
29364	337	16	and	and	CC
29364	337	17	the	the	DT
29364	337	18	least	least	JJS
29364	337	19	suspicion	suspicion	NN
29364	337	20	of	of	IN
29364	337	21	financial	financial	JJ
29364	337	22	trouble	trouble	NN
29364	337	23	is	be	VBZ
29364	337	24	sufficient	sufficient	JJ
29364	337	25	to	to	TO
29364	337	26	cause	cause	VB
29364	337	27	its	-PRON-	PRP$
29364	337	28	withdrawal	withdrawal	NN
29364	337	29	.	.	.
29364	338	1	Withdrawal	withdrawal	NN
29364	338	2	of	of	IN
29364	338	3	bankers	banker	NNS
29364	338	4	'	'	POS
29364	338	5	balances	balance	NNS
29364	338	6	from	from	IN
29364	338	7	a	a	DT
29364	338	8	foreign	foreign	JJ
29364	338	9	city	city	NN
29364	338	10	means	mean	VBZ
29364	338	11	offerings	offering	NNS
29364	338	12	of	of	IN
29364	338	13	exchange	exchange	NN
29364	338	14	drawn	draw	VBN
29364	338	15	on	on	IN
29364	338	16	that	that	DT
29364	338	17	point	point	NN
29364	338	18	with	with	IN
29364	338	19	resultant	resultant	JJ
29364	338	20	decline	decline	NN
29364	338	21	in	in	IN
29364	338	22	rates	rate	NNS
29364	338	23	.	.	.
29364	339	1	In	in	IN
29364	339	2	the	the	DT
29364	339	3	everyday	everyday	JJ
29364	339	4	life	life	NN
29364	339	5	of	of	IN
29364	339	6	the	the	DT
29364	339	7	exchange	exchange	NN
29364	339	8	market	market	NN
29364	339	9	,	,	,
29364	339	10	political	political	JJ
29364	339	11	developments	development	NNS
29364	339	12	of	of	IN
29364	339	13	an	an	DT
29364	339	14	unfavorable	unfavorable	JJ
29364	339	15	character	character	NN
29364	339	16	and	and	CC
29364	339	17	war	war	NN
29364	339	18	rumors	rumor	NNS
29364	339	19	are	be	VBP
29364	339	20	about	about	IN
29364	339	21	the	the	DT
29364	339	22	most	most	RBS
29364	339	23	frequent	frequent	JJ
29364	339	24	and	and	CC
29364	339	25	potent	potent	JJ
29364	339	26	influences	influence	NNS
29364	339	27	toward	toward	IN
29364	339	28	the	the	DT
29364	339	29	condition	condition	NN
29364	339	30	of	of	IN
29364	339	31	uneasiness	uneasiness	NN
29364	339	32	above	above	IN
29364	339	33	referred	refer	VBD
29364	339	34	to	to	IN
29364	339	35	.	.	.
29364	340	1	Few	few	JJ
29364	340	2	war	war	NN
29364	340	3	rumors	rumor	NNS
29364	340	4	ever	ever	RB
29364	340	5	come	come	VBP
29364	340	6	to	to	IN
29364	340	7	anything	anything	NN
29364	340	8	,	,	,
29364	340	9	but	but	CC
29364	340	10	there	there	EX
29364	340	11	are	be	VBP
29364	340	12	times	time	NNS
29364	340	13	when	when	WRB
29364	340	14	they	-PRON-	PRP
29364	340	15	circulate	circulate	VBP
29364	340	16	with	with	IN
29364	340	17	astonishing	astonishing	JJ
29364	340	18	frequency	frequency	NN
29364	340	19	and	and	CC
29364	340	20	persistence	persistence	NN
29364	340	21	and	and	CC
29364	340	22	cause	cause	NN
29364	340	23	decided	decide	VBD
29364	340	24	uneasiness	uneasiness	NN
29364	340	25	concerning	concern	VBG
29364	340	26	financial	financial	JJ
29364	340	27	conditions	condition	NNS
29364	340	28	at	at	IN
29364	340	29	important	important	JJ
29364	340	30	points	point	NNS
29364	340	31	.	.	.
29364	341	1	At	at	IN
29364	341	2	such	such	JJ
29364	341	3	times	time	NNS
29364	341	4	bankers	banker	NNS
29364	341	5	having	have	VBG
29364	341	6	money	money	NN
29364	341	7	on	on	IN
29364	341	8	deposit	deposit	NN
29364	341	9	at	at	IN
29364	341	10	those	those	DT
29364	341	11	points	point	NNS
29364	341	12	are	be	VBP
29364	341	13	apt	apt	JJ
29364	341	14	to	to	TO
29364	341	15	become	become	VB
29364	341	16	influenced	influence	VBN
29364	341	17	by	by	IN
29364	341	18	the	the	DT
29364	341	19	drift	drift	NN
29364	341	20	of	of	IN
29364	341	21	sentiment	sentiment	NN
29364	341	22	and	and	CC
29364	341	23	to	to	TO
29364	341	24	draw	draw	VB
29364	341	25	down	down	RP
29364	341	26	their	-PRON-	PRP$
29364	341	27	balances	balance	NNS
29364	341	28	.	.	.
29364	342	1	Here	here	RB
29364	342	2	,	,	,
29364	342	3	again	again	RB
29364	342	4	,	,	,
29364	342	5	operators	operator	NNS
29364	342	6	in	in	IN
29364	342	7	exchange	exchange	NN
29364	342	8	,	,	,
29364	342	9	keenly	keenly	RB
29364	342	10	on	on	IN
29364	342	11	the	the	DT
29364	342	12	alert	alert	NN
29364	342	13	for	for	IN
29364	342	14	such	such	JJ
29364	342	15	chances	chance	NNS
29364	342	16	,	,	,
29364	342	17	will	will	MD
29364	342	18	very	very	RB
29364	342	19	likely	likely	RB
29364	342	20	begin	begin	VB
29364	342	21	to	to	TO
29364	342	22	sell	sell	VB
29364	342	23	the	the	DT
29364	342	24	exchange	exchange	NN
29364	342	25	market	market	NN
29364	342	26	short	short	JJ
29364	342	27	and	and	CC
29364	342	28	often	often	RB
29364	342	29	succeed	succeed	VBP
29364	342	30	in	in	IN
29364	342	31	breaking	break	VBG
29364	342	32	it	-PRON-	PRP
29364	342	33	to	to	IN
29364	342	34	a	a	DT
29364	342	35	degree	degree	NN
29364	342	36	entirely	entirely	RB
29364	342	37	unwarranted	unwarranted	JJ
29364	342	38	by	by	IN
29364	342	39	the	the	DT
29364	342	40	known	know	VBN
29364	342	41	facts	fact	NNS
29364	342	42	.	.	.
29364	343	1	4	4	LS
29364	343	2	.	.	.
29364	344	1	But	but	CC
29364	344	2	of	of	IN
29364	344	3	all	all	PDT
29364	344	4	the	the	DT
29364	344	5	sure	sure	JJ
29364	344	6	depressing	depressing	JJ
29364	344	7	influences	influence	NNS
29364	344	8	on	on	IN
29364	344	9	exchange	exchange	NN
29364	344	10	,	,	,
29364	344	11	none	none	NN
29364	344	12	is	be	VBZ
29364	344	13	more	more	RBR
29364	344	14	sure	sure	JJ
29364	344	15	than	than	IN
29364	344	16	a	a	DT
29364	344	17	rise	rise	NN
29364	344	18	in	in	IN
29364	344	19	the	the	DT
29364	344	20	money	money	NN
29364	344	21	market	market	NN
29364	344	22	.	.	.
29364	345	1	More	more	RBR
29364	345	2	gradual	gradual	JJ
29364	345	3	usually	usually	RB
29364	345	4	than	than	IN
29364	345	5	a	a	DT
29364	345	6	decline	decline	NN
29364	345	7	caused	cause	VBN
29364	345	8	by	by	IN
29364	345	9	such	such	PDT
29364	345	10	an	an	DT
29364	345	11	influence	influence	NN
29364	345	12	as	as	IN
29364	345	13	the	the	DT
29364	345	14	sale	sale	NN
29364	345	15	of	of	IN
29364	345	16	American	american	JJ
29364	345	17	bonds	bond	NNS
29364	345	18	abroad	abroad	RB
29364	345	19	,	,	,
29364	345	20	the	the	DT
29364	345	21	influence	influence	NN
29364	345	22	of	of	IN
29364	345	23	a	a	DT
29364	345	24	rising	rise	VBG
29364	345	25	level	level	NN
29364	345	26	of	of	IN
29364	345	27	money	money	NN
29364	345	28	rates	rate	NNS
29364	345	29	is	be	VBZ
29364	345	30	nevertheless	nevertheless	RB
29364	345	31	far	far	RB
29364	345	32	more	more	RBR
29364	345	33	certain	certain	JJ
29364	345	34	.	.	.
29364	346	1	The	the	DT
29364	346	2	theory	theory	NN
29364	346	3	of	of	IN
29364	346	4	this	this	DT
29364	346	5	"	"	``
29364	346	6	counter	counter	JJ
29364	346	7	"	"	''
29364	346	8	movement	movement	NN
29364	346	9	in	in	IN
29364	346	10	money	money	NN
29364	346	11	rates	rate	NNS
29364	346	12	and	and	CC
29364	346	13	exchange	exchange	NN
29364	346	14	is	be	VBZ
29364	346	15	simply	simply	RB
29364	346	16	that	that	IN
29364	346	17	when	when	WRB
29364	346	18	money	money	NN
29364	346	19	rates	rate	NNS
29364	346	20	rise	rise	VBP
29364	346	21	,	,	,
29364	346	22	say	say	VBP
29364	346	23	at	at	IN
29364	346	24	a	a	DT
29364	346	25	point	point	NN
29364	346	26	like	like	IN
29364	346	27	New	New	NNP
29364	346	28	York	York	NNP
29364	346	29	,	,	,
29364	346	30	American	american	JJ
29364	346	31	bankers	banker	NNS
29364	346	32	find	find	VBP
29364	346	33	it	-PRON-	PRP
29364	346	34	profitable	profitable	JJ
29364	346	35	to	to	TO
29364	346	36	draw	draw	VB
29364	346	37	in	in	IN
29364	346	38	their	-PRON-	PRP$
29364	346	39	deposits	deposit	NNS
29364	346	40	from	from	IN
29364	346	41	all	all	RB
29364	346	42	over	over	IN
29364	346	43	Europe	Europe	NNP
29364	346	44	for	for	IN
29364	346	45	the	the	DT
29364	346	46	purpose	purpose	NN
29364	346	47	of	of	IN
29364	346	48	using	use	VBG
29364	346	49	the	the	DT
29364	346	50	money	money	NN
29364	346	51	in	in	IN
29364	346	52	New	New	NNP
29364	346	53	York	York	NNP
29364	346	54	.	.	.
29364	347	1	Such	such	PDT
29364	347	2	a	a	DT
29364	347	3	process	process	NN
29364	347	4	means	mean	VBZ
29364	347	5	a	a	DT
29364	347	6	wholesale	wholesale	JJ
29364	347	7	drawing	drawing	NN
29364	347	8	of	of	IN
29364	347	9	bills	bill	NNS
29364	347	10	of	of	IN
29364	347	11	exchange	exchange	NN
29364	347	12	on	on	IN
29364	347	13	all	all	PDT
29364	347	14	the	the	DT
29364	347	15	leading	lead	VBG
29364	347	16	European	european	JJ
29364	347	17	cities	city	NNS
29364	347	18	,	,	,
29364	347	19	with	with	IN
29364	347	20	consequent	consequent	JJ
29364	347	21	offering	offering	NN
29364	347	22	of	of	IN
29364	347	23	the	the	DT
29364	347	24	bills	bill	NNS
29364	347	25	and	and	CC
29364	347	26	price	price	NN
29364	347	27	-	-	HYPH
29364	347	28	depression	depression	NN
29364	347	29	in	in	IN
29364	347	30	the	the	DT
29364	347	31	leading	lead	VBG
29364	347	32	American	american	JJ
29364	347	33	exchange	exchange	NN
29364	347	34	markets	market	NNS
29364	347	35	.	.	.
29364	348	1	The	the	DT
29364	348	2	number	number	NN
29364	348	3	of	of	IN
29364	348	4	banks	bank	NNS
29364	348	5	scattered	scatter	VBN
29364	348	6	all	all	RB
29364	348	7	over	over	IN
29364	348	8	the	the	DT
29364	348	9	United	United	NNP
29364	348	10	States	States	NNP
29364	348	11	which	which	WDT
29364	348	12	keep	keep	VBP
29364	348	13	running	run	VBG
29364	348	14	deposit	deposit	NN
29364	348	15	accounts	account	NNS
29364	348	16	in	in	IN
29364	348	17	the	the	DT
29364	348	18	leading	lead	VBG
29364	348	19	European	european	JJ
29364	348	20	cities	city	NNS
29364	348	21	has	have	VBZ
29364	348	22	become	become	VBN
29364	348	23	surprisingly	surprisingly	RB
29364	348	24	great	great	JJ
29364	348	25	during	during	IN
29364	348	26	the	the	DT
29364	348	27	past	past	JJ
29364	348	28	ten	ten	CD
29364	348	29	years	year	NNS
29364	348	30	,	,	,
29364	348	31	and	and	CC
29364	348	32	a	a	DT
29364	348	33	movement	movement	NN
29364	348	34	to	to	TO
29364	348	35	bring	bring	VB
29364	348	36	home	home	RB
29364	348	37	this	this	DT
29364	348	38	capital	capital	NN
29364	348	39	has	have	VBZ
29364	348	40	to	to	TO
29364	348	41	go	go	VB
29364	348	42	only	only	RB
29364	348	43	a	a	DT
29364	348	44	little	little	JJ
29364	348	45	way	way	NN
29364	348	46	before	before	IN
29364	348	47	it	-PRON-	PRP
29364	348	48	reaches	reach	VBZ
29364	348	49	very	very	RB
29364	348	50	large	large	JJ
29364	348	51	proportions	proportion	NNS
29364	348	52	.	.	.
29364	349	1	That	that	DT
29364	349	2	is	be	VBZ
29364	349	3	exactly	exactly	RB
29364	349	4	what	what	WP
29364	349	5	happens	happen	VBZ
29364	349	6	when	when	WRB
29364	349	7	money	money	NN
29364	349	8	rates	rate	NNS
29364	349	9	at	at	IN
29364	349	10	a	a	DT
29364	349	11	point	point	NN
29364	349	12	like	like	IN
29364	349	13	New	New	NNP
29364	349	14	York	York	NNP
29364	349	15	become	become	VBP
29364	349	16	decidedly	decidedly	RB
29364	349	17	more	more	RBR
29364	349	18	attractive	attractive	JJ
29364	349	19	than	than	IN
29364	349	20	they	-PRON-	PRP
29364	349	21	are	be	VBP
29364	349	22	over	over	RB
29364	349	23	on	on	IN
29364	349	24	the	the	DT
29364	349	25	other	other	JJ
29364	349	26	side	side	NN
29364	349	27	.	.	.
29364	350	1	Arrangements	arrangement	NNS
29364	350	2	with	with	IN
29364	350	3	foreign	foreign	JJ
29364	350	4	correspondents	correspondent	NNS
29364	350	5	usually	usually	RB
29364	350	6	call	call	VBP
29364	350	7	for	for	IN
29364	350	8	a	a	DT
29364	350	9	minimum	minimum	JJ
29364	350	10	balance	balance	NN
29364	350	11	of	of	IN
29364	350	12	considerable	considerable	JJ
29364	350	13	size	size	NN
29364	350	14	,	,	,
29364	350	15	which	which	WDT
29364	350	16	must	must	MD
29364	350	17	be	be	VB
29364	350	18	left	leave	VBN
29364	350	19	intact	intact	JJ
29364	350	20	,	,	,
29364	350	21	but	but	CC
29364	350	22	under	under	IN
29364	350	23	ordinary	ordinary	JJ
29364	350	24	circumstances	circumstance	NNS
29364	350	25	there	there	EX
29364	350	26	is	be	VBZ
29364	350	27	considerable	considerable	JJ
29364	350	28	leeway	leeway	NN
29364	350	29	,	,	,
29364	350	30	and	and	CC
29364	350	31	when	when	WRB
29364	350	32	the	the	DT
29364	350	33	better	well	JJR
29364	350	34	opportunity	opportunity	NN
29364	350	35	for	for	IN
29364	350	36	loaning	loan	VBG
29364	350	37	presents	present	NNS
29364	350	38	itself	-PRON-	PRP
29364	350	39	here	here	RB
29364	350	40	,	,	,
29364	350	41	drafts	draft	VBZ
29364	350	42	on	on	IN
29364	350	43	balances	balance	NNS
29364	350	44	abroad	abroad	RB
29364	350	45	,	,	,
29364	350	46	in	in	IN
29364	350	47	large	large	JJ
29364	350	48	aggregate	aggregate	JJ
29364	350	49	amount	amount	NN
29364	350	50	,	,	,
29364	350	51	are	be	VBP
29364	350	52	apt	apt	JJ
29364	350	53	to	to	TO
29364	350	54	be	be	VB
29364	350	55	drawn	draw	VBN
29364	350	56	and	and	CC
29364	350	57	sold	sell	VBN
29364	350	58	in	in	IN
29364	350	59	this	this	DT
29364	350	60	market	market	NN
29364	350	61	.	.	.
29364	351	1	Especially	especially	RB
29364	351	2	is	be	VBZ
29364	351	3	this	this	DT
29364	351	4	the	the	DT
29364	351	5	case	case	NN
29364	351	6	when	when	WRB
29364	351	7	the	the	DT
29364	351	8	cause	cause	NN
29364	351	9	of	of	IN
29364	351	10	the	the	DT
29364	351	11	higher	high	JJR
29364	351	12	money	money	NN
29364	351	13	level	level	NN
29364	351	14	appears	appear	VBZ
29364	351	15	to	to	TO
29364	351	16	be	be	VB
29364	351	17	deep	deep	RB
29364	351	18	-	-	HYPH
29364	351	19	rooted	root	VBN
29364	351	20	and	and	CC
29364	351	21	the	the	DT
29364	351	22	outlook	outlook	NN
29364	351	23	is	be	VBZ
29364	351	24	for	for	IN
29364	351	25	a	a	DT
29364	351	26	continuance	continuance	NN
29364	351	27	of	of	IN
29364	351	28	the	the	DT
29364	351	29	condition	condition	NN
29364	351	30	for	for	IN
29364	351	31	some	some	DT
29364	351	32	time	time	NN
29364	351	33	to	to	TO
29364	351	34	come	come	VB
29364	351	35	.	.	.
29364	352	1	5	5	CD
29364	352	2	.	.	.
29364	353	1	Lastly	lastly	RB
29364	353	2	,	,	,
29364	353	3	as	as	IN
29364	353	4	a	a	DT
29364	353	5	depressing	depressing	JJ
29364	353	6	factor	factor	NN
29364	353	7	,	,	,
29364	353	8	there	there	EX
29364	353	9	is	be	VBZ
29364	353	10	to	to	TO
29364	353	11	be	be	VB
29364	353	12	considered	consider	VBN
29364	353	13	the	the	DT
29364	353	14	condition	condition	NN
29364	353	15	which	which	WDT
29364	353	16	arises	arise	VBZ
29364	353	17	when	when	WRB
29364	353	18	money	money	NN
29364	353	19	at	at	IN
29364	353	20	some	some	DT
29364	353	21	important	important	JJ
29364	353	22	foreign	foreign	JJ
29364	353	23	center	center	NN
29364	353	24	,	,	,
29364	353	25	such	such	JJ
29364	353	26	as	as	IN
29364	353	27	London	London	NNP
29364	353	28	or	or	CC
29364	353	29	Paris	Paris	NNP
29364	353	30	,	,	,
29364	353	31	begins	begin	VBZ
29364	353	32	to	to	TO
29364	353	33	ease	ease	VB
29364	353	34	decidedly	decidedly	RB
29364	353	35	.	.	.
29364	354	1	Large	large	JJ
29364	354	2	receipts	receipt	NNS
29364	354	3	of	of	IN
29364	354	4	gold	gold	NN
29364	354	5	from	from	IN
29364	354	6	the	the	DT
29364	354	7	mines	mine	NNS
29364	354	8	,	,	,
29364	354	9	a	a	DT
29364	354	10	bettering	better	VBG
29364	354	11	political	political	JJ
29364	354	12	outlook	outlook	NN
29364	354	13	--	--	:
29364	354	14	these	these	DT
29364	354	15	or	or	CC
29364	354	16	many	many	JJ
29364	354	17	other	other	JJ
29364	354	18	causes	cause	NNS
29364	354	19	may	may	MD
29364	354	20	bring	bring	VB
29364	354	21	it	-PRON-	PRP
29364	354	22	about	about	IN
29364	354	23	that	that	DT
29364	354	24	money	money	NN
29364	354	25	in	in	IN
29364	354	26	London	London	NNP
29364	354	27	,	,	,
29364	354	28	for	for	IN
29364	354	29	instance	instance	NN
29364	354	30	,	,	,
29364	354	31	after	after	IN
29364	354	32	a	a	DT
29364	354	33	period	period	NN
29364	354	34	of	of	IN
29364	354	35	high	high	JJ
29364	354	36	rates	rate	NNS
29364	354	37	,	,	,
29364	354	38	may	may	MD
29364	354	39	ease	ease	VB
29364	354	40	off	off	RP
29364	354	41	faster	fast	RBR
29364	354	42	than	than	IN
29364	354	43	in	in	IN
29364	354	44	Berlin	Berlin	NNP
29364	354	45	or	or	CC
29364	354	46	Hamburg	Hamburg	NNP
29364	354	47	.	.	.
29364	355	1	As	as	IN
29364	355	2	a	a	DT
29364	355	3	result	result	NN
29364	355	4	,	,	,
29364	355	5	American	american	JJ
29364	355	6	bankers	banker	NNS
29364	355	7	having	have	VBG
29364	355	8	large	large	JJ
29364	355	9	balances	balance	NNS
29364	355	10	in	in	IN
29364	355	11	London	London	NNP
29364	355	12	and	and	CC
29364	355	13	finding	find	VBG
29364	355	14	it	-PRON-	PRP
29364	355	15	difficult	difficult	JJ
29364	355	16	to	to	TO
29364	355	17	employ	employ	VB
29364	355	18	them	-PRON-	PRP
29364	355	19	profitably	profitably	RB
29364	355	20	there	there	RB
29364	355	21	,	,	,
29364	355	22	any	any	RB
29364	355	23	longer	long	RBR
29364	355	24	,	,	,
29364	355	25	either	either	CC
29364	355	26	withdraw	withdraw	VB
29364	355	27	them	-PRON-	PRP
29364	355	28	entirely	entirely	RB
29364	355	29	or	or	CC
29364	355	30	have	have	VB
29364	355	31	the	the	DT
29364	355	32	money	money	NN
29364	355	33	transferred	transfer	VBN
29364	355	34	to	to	IN
29364	355	35	some	some	DT
29364	355	36	other	other	JJ
29364	355	37	point	point	NN
29364	355	38	.	.	.
29364	356	1	In	in	IN
29364	356	2	either	either	DT
29364	356	3	case	case	NN
29364	356	4	the	the	DT
29364	356	5	operation	operation	NN
29364	356	6	will	will	MD
29364	356	7	result	result	VB
29364	356	8	in	in	IN
29364	356	9	depressing	depress	VBG
29364	356	10	the	the	DT
29364	356	11	rate	rate	NN
29364	356	12	of	of	IN
29364	356	13	exchange	exchange	NN
29364	356	14	on	on	IN
29364	356	15	London	London	NNP
29364	356	16	,	,	,
29364	356	17	for	for	IN
29364	356	18	the	the	DT
29364	356	19	American	american	JJ
29364	356	20	banker	banker	NN
29364	356	21	will	will	MD
29364	356	22	either	either	CC
29364	356	23	draw	draw	VB
29364	356	24	on	on	IN
29364	356	25	London	London	NNP
29364	356	26	himself	-PRON-	PRP
29364	356	27	or	or	CC
29364	356	28	,	,	,
29364	356	29	if	if	IN
29364	356	30	he	-PRON-	PRP
29364	356	31	wants	want	VBZ
29364	356	32	to	to	TO
29364	356	33	transfer	transfer	VB
29364	356	34	the	the	DT
29364	356	35	money	money	NN
29364	356	36	to	to	IN
29364	356	37	Berlin	Berlin	NNP
29364	356	38	or	or	CC
29364	356	39	Hamburg	Hamburg	NNP
29364	356	40	,	,	,
29364	356	41	will	will	MD
29364	356	42	instruct	instruct	VB
29364	356	43	the	the	DT
29364	356	44	German	german	JJ
29364	356	45	bankers	banker	NNS
29364	356	46	by	by	IN
29364	356	47	cable	cable	NN
29364	356	48	to	to	TO
29364	356	49	draw	draw	VB
29364	356	50	for	for	IN
29364	356	51	his	-PRON-	PRP$
29364	356	52	account	account	NN
29364	356	53	on	on	IN
29364	356	54	London	London	NNP
29364	356	55	.	.	.
29364	357	1	In	in	IN
29364	357	2	whatever	whatever	WDT
29364	357	3	way	way	NN
29364	357	4	it	-PRON-	PRP
29364	357	5	is	be	VBZ
29364	357	6	accomplished	accomplish	VBN
29364	357	7	,	,	,
29364	357	8	the	the	DT
29364	357	9	withdrawal	withdrawal	NN
29364	357	10	of	of	IN
29364	357	11	capital	capital	NN
29364	357	12	from	from	IN
29364	357	13	any	any	DT
29364	357	14	banking	banking	NN
29364	357	15	point	point	NN
29364	357	16	tends	tend	VBZ
29364	357	17	to	to	TO
29364	357	18	lower	lower	VB
29364	357	19	the	the	DT
29364	357	20	rate	rate	NN
29364	357	21	of	of	IN
29364	357	22	foreign	foreign	JJ
29364	357	23	exchange	exchange	NN
29364	357	24	on	on	IN
29364	357	25	that	that	DT
29364	357	26	point	point	NN
29364	357	27	.	.	.
29364	358	1	These	these	DT
29364	358	2	are	be	VBP
29364	358	3	the	the	DT
29364	358	4	main	main	JJ
29364	358	5	influences	influence	NNS
29364	358	6	bearing	bear	VBG
29364	358	7	on	on	IN
29364	358	8	the	the	DT
29364	358	9	fluctuation	fluctuation	NN
29364	358	10	of	of	IN
29364	358	11	exchange	exchange	NN
29364	358	12	.	.	.
29364	359	1	Needless	needless	JJ
29364	359	2	to	to	TO
29364	359	3	say	say	VB
29364	359	4	they	-PRON-	PRP
29364	359	5	are	be	VBP
29364	359	6	not	not	RB
29364	359	7	exerted	exert	VBN
29364	359	8	all	all	DT
29364	359	9	one	one	CD
29364	359	10	way	way	NN
29364	359	11	,	,	,
29364	359	12	or	or	CC
29364	359	13	one	one	CD
29364	359	14	at	at	IN
29364	359	15	a	a	DT
29364	359	16	time	time	NN
29364	359	17	,	,	,
29364	359	18	as	as	IN
29364	359	19	set	set	VBN
29364	359	20	forth	forth	RB
29364	359	21	.	.	.
29364	360	1	The	the	DT
29364	360	2	international	international	JJ
29364	360	3	money	money	NN
29364	360	4	markets	market	NNS
29364	360	5	are	be	VBP
29364	360	6	a	a	DT
29364	360	7	most	most	RBS
29364	360	8	decidedly	decidedly	RB
29364	360	9	complex	complex	JJ
29364	360	10	proposition	proposition	NN
29364	360	11	,	,	,
29364	360	12	and	and	CC
29364	360	13	there	there	EX
29364	360	14	is	be	VBZ
29364	360	15	literally	literally	RB
29364	360	16	never	never	RB
29364	360	17	a	a	DT
29364	360	18	time	time	NN
29364	360	19	when	when	WRB
29364	360	20	several	several	JJ
29364	360	21	influences	influence	NNS
29364	360	22	tending	tend	VBG
29364	360	23	to	to	TO
29364	360	24	put	put	VB
29364	360	25	rates	rate	NNS
29364	360	26	up	up	RP
29364	360	27	are	be	VBP
29364	360	28	not	not	RB
29364	360	29	conflicting	conflict	VBG
29364	360	30	with	with	IN
29364	360	31	several	several	JJ
29364	360	32	influences	influence	NNS
29364	360	33	tending	tend	VBG
29364	360	34	to	to	TO
29364	360	35	put	put	VB
29364	360	36	rates	rate	NNS
29364	360	37	down	down	RP
29364	360	38	.	.	.
29364	361	1	The	the	DT
29364	361	2	actual	actual	JJ
29364	361	3	movement	movement	NN
29364	361	4	of	of	IN
29364	361	5	the	the	DT
29364	361	6	rate	rate	NN
29364	361	7	represents	represent	VBZ
29364	361	8	the	the	DT
29364	361	9	relative	relative	JJ
29364	361	10	strength	strength	NN
29364	361	11	of	of	IN
29364	361	12	the	the	DT
29364	361	13	two	two	CD
29364	361	14	sets	set	NNS
29364	361	15	of	of	IN
29364	361	16	influences	influence	NNS
29364	361	17	.	.	.
29364	362	1	To	to	TO
29364	362	2	be	be	VB
29364	362	3	able	able	JJ
29364	362	4	to	to	TO
29364	362	5	"	"	``
29364	362	6	size	size	VB
29364	362	7	up	up	RP
29364	362	8	"	"	''
29364	362	9	the	the	DT
29364	362	10	influences	influence	NNS
29364	362	11	present	present	JJ
29364	362	12	and	and	CC
29364	362	13	to	to	TO
29364	362	14	gauge	gauge	VB
29364	362	15	what	what	WDT
29364	362	16	movement	movement	NN
29364	362	17	of	of	IN
29364	362	18	rates	rate	NNS
29364	362	19	they	-PRON-	PRP
29364	362	20	will	will	MD
29364	362	21	result	result	VB
29364	362	22	in	in	IN
29364	362	23	,	,	,
29364	362	24	is	be	VBZ
29364	362	25	an	an	DT
29364	362	26	operation	operation	NN
29364	362	27	requiring	require	VBG
29364	362	28	,	,	,
29364	362	29	first	first	RB
29364	362	30	,	,	,
29364	362	31	knowledge	knowledge	NN
29364	362	32	,	,	,
29364	362	33	then	then	RB
29364	362	34	judgment	judgment	NN
29364	362	35	.	.	.
29364	363	1	The	the	DT
29364	363	2	former	former	JJ
29364	363	3	qualification	qualification	NN
29364	363	4	can	can	MD
29364	363	5	perhaps	perhaps	RB
29364	363	6	be	be	VB
29364	363	7	derived	derive	VBN
29364	363	8	,	,	,
29364	363	9	in	in	IN
29364	363	10	small	small	JJ
29364	363	11	degree	degree	NN
29364	363	12	,	,	,
29364	363	13	from	from	IN
29364	363	14	study	study	NN
29364	363	15	of	of	IN
29364	363	16	the	the	DT
29364	363	17	foregoing	forego	VBG
29364	363	18	pages	page	NNS
29364	363	19	.	.	.
29364	364	1	The	the	DT
29364	364	2	latter	latter	NN
29364	364	3	is	be	VBZ
29364	364	4	a	a	DT
29364	364	5	matter	matter	NN
29364	364	6	of	of	IN
29364	364	7	mental	mental	JJ
29364	364	8	calibre	calibre	NN
29364	364	9	and	and	CC
29364	364	10	experience	experience	NN
29364	364	11	.	.	.
29364	365	1	CHAPTER	CHAPTER	NNP
29364	365	2	IV	IV	NNP
29364	365	3	THE	the	DT
29364	365	4	VARIOUS	various	NN
29364	365	5	KINDS	kind	NNS
29364	365	6	OF	of	IN
29364	365	7	EXCHANGE	EXCHANGE	NNP
29364	365	8	Before	before	IN
29364	365	9	taking	take	VBG
29364	365	10	up	up	RP
29364	365	11	the	the	DT
29364	365	12	question	question	NN
29364	365	13	of	of	IN
29364	365	14	the	the	DT
29364	365	15	activities	activity	NNS
29364	365	16	of	of	IN
29364	365	17	the	the	DT
29364	365	18	foreign	foreign	NNP
29364	365	19	exchange	exchange	NNP
29364	365	20	department	department	NNP
29364	365	21	and	and	CC
29364	365	22	the	the	DT
29364	365	23	question	question	NN
29364	365	24	of	of	IN
29364	365	25	how	how	WRB
29364	365	26	bankers	banker	NNS
29364	365	27	make	make	VBP
29364	365	28	money	money	NN
29364	365	29	dealing	deal	VBG
29364	365	30	in	in	IN
29364	365	31	exchange	exchange	NN
29364	365	32	,	,	,
29364	365	33	it	-PRON-	PRP
29364	365	34	may	may	MD
29364	365	35	be	be	VB
29364	365	36	well	well	JJ
29364	365	37	to	to	TO
29364	365	38	fix	fix	VB
29364	365	39	in	in	IN
29364	365	40	mind	mind	NN
29364	365	41	clearly	clearly	RB
29364	365	42	what	what	WP
29364	365	43	the	the	DT
29364	365	44	various	various	JJ
29364	365	45	forms	form	NNS
29364	365	46	of	of	IN
29364	365	47	foreign	foreign	JJ
29364	365	48	exchange	exchange	NN
29364	365	49	are	be	VBP
29364	365	50	.	.	.
29364	366	1	Following	follow	VBG
29364	366	2	is	be	VBZ
29364	366	3	a	a	DT
29364	366	4	description	description	NN
29364	366	5	of	of	IN
29364	366	6	the	the	DT
29364	366	7	most	most	RBS
29364	366	8	important	important	JJ
29364	366	9	classes	class	NNS
29364	366	10	of	of	IN
29364	366	11	bills	bill	NNS
29364	366	12	bought	buy	VBN
29364	366	13	and	and	CC
29364	366	14	sold	sell	VBN
29364	366	15	in	in	IN
29364	366	16	the	the	DT
29364	366	17	New	New	NNP
29364	366	18	York	York	NNP
29364	366	19	market	market	NN
29364	366	20	:	:	:
29364	366	21	1	1	LS
29364	366	22	.	.	.
29364	367	1	_	_	NNP
29364	367	2	Commercial	Commercial	NNP
29364	367	3	Long	Long	NNP
29364	367	4	Bills	Bills	NNPS
29364	367	5	_	_	IN
29364	367	6	[	[	-LRB-
29364	367	7	Illustration	illustration	NN
29364	367	8	:	:	:
29364	367	9	Form	form	NN
29364	367	10	of	of	IN
29364	367	11	Commercial	Commercial	NNP
29364	367	12	Long	Long	NNP
29364	367	13	Bill	Bill	NNP
29364	367	14	]	]	-RRB-
29364	367	15	Drafts	Drafts	NNP
29364	367	16	drawn	draw	VBN
29364	367	17	by	by	IN
29364	367	18	shippers	shipper	NNS
29364	367	19	of	of	IN
29364	367	20	merchandise	merchandise	NN
29364	367	21	upon	upon	IN
29364	367	22	buyers	buyer	NNS
29364	367	23	abroad	abroad	RB
29364	367	24	,	,	,
29364	367	25	or	or	CC
29364	367	26	upon	upon	IN
29364	367	27	the	the	DT
29364	367	28	banking	banking	NN
29364	367	29	representatives	representative	NNS
29364	367	30	of	of	IN
29364	367	31	the	the	DT
29364	367	32	buyers	buyer	NNS
29364	367	33	abroad	abroad	RB
29364	367	34	,	,	,
29364	367	35	at	at	IN
29364	367	36	thirty	thirty	CD
29364	367	37	days	day	NNS
29364	367	38	'	'	POS
29364	367	39	sight	sight	NN
29364	367	40	or	or	CC
29364	367	41	more	more	JJR
29364	367	42	.	.	.
29364	368	1	The	the	DT
29364	368	2	drafts	draft	NNS
29364	368	3	may	may	MD
29364	368	4	be	be	VB
29364	368	5	accompanied	accompany	VBN
29364	368	6	by	by	IN
29364	368	7	shipping	ship	VBG
29364	368	8	documents	document	NNS
29364	368	9	or	or	CC
29364	368	10	may	may	MD
29364	368	11	be	be	VB
29364	368	12	"	"	``
29364	368	13	clean	clean	JJ
29364	368	14	.	.	.
29364	368	15	"	"	''
29364	369	1	The	the	DT
29364	369	2	former	former	JJ
29364	369	3	kind	kind	NN
29364	369	4	of	of	IN
29364	369	5	bill	bill	NN
29364	369	6	making	make	VBG
29364	369	7	up	up	RP
29364	369	8	the	the	DT
29364	369	9	greater	great	JJR
29364	369	10	part	part	NN
29364	369	11	of	of	IN
29364	369	12	the	the	DT
29364	369	13	whole	whole	JJ
29364	369	14	amount	amount	NN
29364	369	15	of	of	IN
29364	369	16	foreign	foreign	JJ
29364	369	17	exchange	exchange	NN
29364	369	18	dealt	deal	VBD
29364	369	19	in	in	RP
29364	369	20	in	in	IN
29364	369	21	the	the	DT
29364	369	22	New	New	NNP
29364	369	23	York	York	NNP
29364	369	24	market	market	NN
29364	369	25	,	,	,
29364	369	26	will	will	MD
29364	369	27	be	be	VB
29364	369	28	described	describe	VBN
29364	369	29	first	first	RB
29364	369	30	.	.	.
29364	370	1	Suppose	suppose	VB
29364	370	2	a	a	DT
29364	370	3	cotton	cotton	NN
29364	370	4	dealer	dealer	NN
29364	370	5	in	in	IN
29364	370	6	Memphis	Memphis	NNP
29364	370	7	to	to	TO
29364	370	8	have	have	VB
29364	370	9	sold	sell	VBN
29364	370	10	one	one	CD
29364	370	11	hundred	hundred	CD
29364	370	12	bales	bale	NNS
29364	370	13	of	of	IN
29364	370	14	cotton	cotton	NN
29364	370	15	to	to	IN
29364	370	16	a	a	DT
29364	370	17	spinner	spinner	NN
29364	370	18	in	in	IN
29364	370	19	Liverpool	Liverpool	NNP
29364	370	20	,	,	,
29364	370	21	the	the	DT
29364	370	22	arrangement	arrangement	NN
29364	370	23	being	be	VBG
29364	370	24	that	that	IN
29364	370	25	the	the	DT
29364	370	26	English	english	JJ
29364	370	27	buyer	buyer	NN
29364	370	28	is	be	VBZ
29364	370	29	to	to	TO
29364	370	30	be	be	VB
29364	370	31	drawn	draw	VBN
29364	370	32	on	on	IN
29364	370	33	at	at	IN
29364	370	34	sixty	sixty	CD
29364	370	35	days	day	NNS
29364	370	36	'	'	POS
29364	370	37	sight	sight	NN
29364	370	38	.	.	.
29364	371	1	The	the	DT
29364	371	2	first	first	JJ
29364	371	3	thing	thing	NN
29364	371	4	the	the	DT
29364	371	5	Memphis	Memphis	NNP
29364	371	6	merchant	merchant	NN
29364	371	7	does	do	VBZ
29364	371	8	is	be	VBZ
29364	371	9	to	to	TO
29364	371	10	ship	ship	VB
29364	371	11	the	the	DT
29364	371	12	cotton	cotton	NN
29364	371	13	on	on	IN
29364	371	14	its	-PRON-	PRP$
29364	371	15	way	way	NN
29364	371	16	to	to	IN
29364	371	17	Liverpool	Liverpool	NNP
29364	371	18	,	,	,
29364	371	19	receiving	receive	VBG
29364	371	20	from	from	IN
29364	371	21	the	the	DT
29364	371	22	railroad	railroad	NN
29364	371	23	company	company	NN
29364	371	24	a	a	DT
29364	371	25	receipt	receipt	NN
29364	371	26	known	know	VBN
29364	371	27	as	as	IN
29364	371	28	a	a	DT
29364	371	29	"	"	``
29364	371	30	bill	bill	NN
29364	371	31	of	of	IN
29364	371	32	lading	lading	NN
29364	371	33	.	.	.
29364	371	34	"	"	''
29364	372	1	At	at	IN
29364	372	2	the	the	DT
29364	372	3	same	same	JJ
29364	372	4	time	time	NN
29364	372	5	he	-PRON-	PRP
29364	372	6	arranges	arrange	VBZ
29364	372	7	for	for	IN
29364	372	8	the	the	DT
29364	372	9	insurance	insurance	NN
29364	372	10	of	of	IN
29364	372	11	the	the	DT
29364	372	12	cotton	cotton	NN
29364	372	13	,	,	,
29364	372	14	receiving	receive	VBG
29364	372	15	from	from	IN
29364	372	16	the	the	DT
29364	372	17	insurance	insurance	NN
29364	372	18	company	company	NN
29364	372	19	a	a	DT
29364	372	20	little	little	JJ
29364	372	21	certificate	certificate	NN
29364	372	22	stating	state	VBG
29364	372	23	that	that	IN
29364	372	24	the	the	DT
29364	372	25	insurance	insurance	NN
29364	372	26	has	have	VBZ
29364	372	27	been	be	VBN
29364	372	28	effected	effect	VBN
29364	372	29	.	.	.
29364	373	1	The	the	DT
29364	373	2	next	next	JJ
29364	373	3	step	step	NN
29364	373	4	is	be	VBZ
29364	373	5	for	for	IN
29364	373	6	the	the	DT
29364	373	7	Memphis	Memphis	NNP
29364	373	8	shipper	shipper	NN
29364	373	9	to	to	TO
29364	373	10	draw	draw	VB
29364	373	11	the	the	DT
29364	373	12	draft	draft	NN
29364	373	13	on	on	IN
29364	373	14	the	the	DT
29364	373	15	Liverpool	Liverpool	NNP
29364	373	16	buyer	buyer	NN
29364	373	17	--	--	:
29364	373	18	or	or	CC
29364	373	19	upon	upon	IN
29364	373	20	some	some	DT
29364	373	21	bank	bank	NN
29364	373	22	abroad	abroad	RB
29364	373	23	designated	designate	VBN
29364	373	24	by	by	IN
29364	373	25	the	the	DT
29364	373	26	buyer	buyer	NN
29364	373	27	.	.	.
29364	374	1	This	this	DT
29364	374	2	draft	draft	NN
29364	374	3	is	be	VBZ
29364	374	4	drawn	draw	VBN
29364	374	5	in	in	IN
29364	374	6	pounds	pound	NNS
29364	374	7	sterling	sterling	NN
29364	374	8	for	for	IN
29364	374	9	the	the	DT
29364	374	10	equivalent	equivalent	NN
29364	374	11	of	of	IN
29364	374	12	the	the	DT
29364	374	13	dollar	dollar	NN
29364	374	14	value	value	NN
29364	374	15	of	of	IN
29364	374	16	the	the	DT
29364	374	17	cotton	cotton	NN
29364	374	18	and	and	CC
29364	374	19	made	make	VBD
29364	374	20	payable	payable	JJ
29364	374	21	sixty	sixty	CD
29364	374	22	days	day	NNS
29364	374	23	after	after	IN
29364	374	24	the	the	DT
29364	374	25	party	party	NN
29364	374	26	abroad	abroad	RB
29364	374	27	on	on	IN
29364	374	28	whom	whom	WP
29364	374	29	it	-PRON-	PRP
29364	374	30	is	be	VBZ
29364	374	31	drawn	draw	VBN
29364	374	32	has	have	VBZ
29364	374	33	seen	see	VBN
29364	374	34	it	-PRON-	PRP
29364	374	35	and	and	CC
29364	374	36	written	write	VBN
29364	374	37	"	"	``
29364	374	38	accepted	accept	VBN
29364	374	39	"	"	''
29364	374	40	across	across	IN
29364	374	41	its	-PRON-	PRP$
29364	374	42	face	face	NN
29364	374	43	.	.	.
29364	375	1	This	this	DT
29364	375	2	draft	draft	NN
29364	375	3	,	,	,
29364	375	4	the	the	DT
29364	375	5	bill	bill	NN
29364	375	6	of	of	IN
29364	375	7	lading	lading	NN
29364	375	8	received	receive	VBN
29364	375	9	from	from	IN
29364	375	10	the	the	DT
29364	375	11	shipping	shipping	NN
29364	375	12	company	company	NN
29364	375	13	,	,	,
29364	375	14	and	and	CC
29364	375	15	the	the	DT
29364	375	16	insurance	insurance	NN
29364	375	17	certificate	certificate	NN
29364	375	18	received	receive	VBD
29364	375	19	from	from	IN
29364	375	20	the	the	DT
29364	375	21	insurance	insurance	NN
29364	375	22	company	company	NN
29364	375	23	are	be	VBP
29364	375	24	then	then	RB
29364	375	25	pinned	pin	VBN
29364	375	26	together	together	RB
29364	375	27	and	and	CC
29364	375	28	constitute	constitute	VB
29364	375	29	a	a	DT
29364	375	30	complete	complete	JJ
29364	375	31	"	"	``
29364	375	32	commercial	commercial	JJ
29364	375	33	long	long	JJ
29364	375	34	bill	bill	NN
29364	375	35	with	with	IN
29364	375	36	documents	document	NNS
29364	375	37	attached	attach	VBN
29364	375	38	.	.	.
29364	375	39	"	"	''
29364	376	1	Other	other	JJ
29364	376	2	less	less	RBR
29364	376	3	important	important	JJ
29364	376	4	documents	document	NNS
29364	376	5	go	go	VBP
29364	376	6	with	with	IN
29364	376	7	such	such	PDT
29364	376	8	a	a	DT
29364	376	9	bill	bill	NN
29364	376	10	.	.	.
29364	377	1	Sometimes	sometimes	RB
29364	377	2	invoices	invoice	NNS
29364	377	3	showing	show	VBG
29364	377	4	the	the	DT
29364	377	5	weight	weight	NN
29364	377	6	and	and	CC
29364	377	7	price	price	NN
29364	377	8	of	of	IN
29364	377	9	the	the	DT
29364	377	10	cotton	cotton	NN
29364	377	11	go	go	VB
29364	377	12	along	along	RP
29364	377	13	with	with	IN
29364	377	14	it	-PRON-	PRP
29364	377	15	and	and	CC
29364	377	16	sometimes	sometimes	RB
29364	377	17	there	there	EX
29364	377	18	is	be	VBZ
29364	377	19	also	also	RB
29364	377	20	attached	attach	VBN
29364	377	21	a	a	DT
29364	377	22	"	"	``
29364	377	23	hypothecation	hypothecation	NN
29364	377	24	slip	slip	NN
29364	377	25	"	"	''
29364	377	26	which	which	WDT
29364	377	27	formally	formally	RB
29364	377	28	turns	turn	VBZ
29364	377	29	over	over	RP
29364	377	30	the	the	DT
29364	377	31	right	right	NN
29364	377	32	to	to	IN
29364	377	33	the	the	DT
29364	377	34	goods	good	NNS
29364	377	35	to	to	IN
29364	377	36	the	the	DT
29364	377	37	Memphis	Memphis	NNP
29364	377	38	or	or	CC
29364	377	39	New	New	NNP
29364	377	40	York	York	NNP
29364	377	41	banker	banker	NN
29364	377	42	who	who	WP
29364	377	43	buys	buy	VBZ
29364	377	44	the	the	DT
29364	377	45	draft	draft	NN
29364	377	46	and	and	CC
29364	377	47	accompanying	accompany	VBG
29364	377	48	documents	document	NNS
29364	377	49	from	from	IN
29364	377	50	the	the	DT
29364	377	51	Memphis	Memphis	NNP
29364	377	52	cotton	cotton	NN
29364	377	53	shipper	shipper	NN
29364	377	54	.	.	.
29364	378	1	Sometimes	sometimes	RB
29364	378	2	,	,	,
29364	378	3	too	too	RB
29364	378	4	,	,	,
29364	378	5	insurance	insurance	NN
29364	378	6	is	be	VBZ
29364	378	7	effected	effect	VBN
29364	378	8	by	by	IN
29364	378	9	the	the	DT
29364	378	10	buyer	buyer	NN
29364	378	11	abroad	abroad	RB
29364	378	12	,	,	,
29364	378	13	in	in	IN
29364	378	14	which	which	WDT
29364	378	15	case	case	NN
29364	378	16	there	there	EX
29364	378	17	may	may	MD
29364	378	18	be	be	VB
29364	378	19	no	no	DT
29364	378	20	insurance	insurance	NN
29364	378	21	certificate	certificate	NN
29364	378	22	.	.	.
29364	379	1	But	but	CC
29364	379	2	in	in	IN
29364	379	3	the	the	DT
29364	379	4	main	main	JJ
29364	379	5	,	,	,
29364	379	6	one	one	CD
29364	379	7	of	of	IN
29364	379	8	these	these	DT
29364	379	9	"	"	``
29364	379	10	documentary	documentary	JJ
29364	379	11	"	"	''
29364	379	12	commercial	commercial	JJ
29364	379	13	bills	bill	NNS
29364	379	14	consists	consist	VBZ
29364	379	15	of	of	IN
29364	379	16	the	the	DT
29364	379	17	draft	draft	NN
29364	379	18	itself	-PRON-	PRP
29364	379	19	,	,	,
29364	379	20	the	the	DT
29364	379	21	bill	bill	NN
29364	379	22	of	of	IN
29364	379	23	lading	lading	NN
29364	379	24	,	,	,
29364	379	25	and	and	CC
29364	379	26	an	an	DT
29364	379	27	insurance	insurance	NN
29364	379	28	certificate	certificate	NN
29364	379	29	.	.	.
29364	380	1	Having	have	VBG
29364	380	2	pinned	pin	VBN
29364	380	3	the	the	DT
29364	380	4	document	document	NN
29364	380	5	and	and	CC
29364	380	6	the	the	DT
29364	380	7	draft	draft	NN
29364	380	8	together	together	RB
29364	380	9	,	,	,
29364	380	10	the	the	DT
29364	380	11	Memphis	Memphis	NNP
29364	380	12	cotton	cotton	NN
29364	380	13	shipper	shipper	NN
29364	380	14	is	be	VBZ
29364	380	15	in	in	IN
29364	380	16	possession	possession	NN
29364	380	17	of	of	IN
29364	380	18	an	an	DT
29364	380	19	instrument	instrument	NN
29364	380	20	which	which	WDT
29364	380	21	he	-PRON-	PRP
29364	380	22	can	can	MD
29364	380	23	dispose	dispose	VB
29364	380	24	of	of	IN
29364	380	25	for	for	IN
29364	380	26	dollars	dollar	NNS
29364	380	27	.	.	.
29364	381	1	This	this	DT
29364	381	2	he	-PRON-	PRP
29364	381	3	does	do	VBZ
29364	381	4	either	either	CC
29364	381	5	by	by	IN
29364	381	6	selling	sell	VBG
29364	381	7	it	-PRON-	PRP
29364	381	8	to	to	IN
29364	381	9	his	-PRON-	PRP$
29364	381	10	bank	bank	NN
29364	381	11	in	in	IN
29364	381	12	Memphis	Memphis	NNP
29364	381	13	or	or	CC
29364	381	14	by	by	IN
29364	381	15	sending	send	VBG
29364	381	16	it	-PRON-	PRP
29364	381	17	to	to	IN
29364	381	18	New	New	NNP
29364	381	19	York	York	NNP
29364	381	20	,	,	,
29364	381	21	in	in	IN
29364	381	22	order	order	NN
29364	381	23	that	that	IN
29364	381	24	it	-PRON-	PRP
29364	381	25	may	may	MD
29364	381	26	be	be	VB
29364	381	27	sold	sell	VBN
29364	381	28	there	there	RB
29364	381	29	in	in	IN
29364	381	30	the	the	DT
29364	381	31	exchange	exchange	NN
29364	381	32	market	market	NN
29364	381	33	at	at	IN
29364	381	34	the	the	DT
29364	381	35	current	current	JJ
29364	381	36	rate	rate	NN
29364	381	37	of	of	IN
29364	381	38	exchange	exchange	NN
29364	381	39	.	.	.
29364	382	1	Say	say	VB
29364	382	2	,	,	,
29364	382	3	the	the	DT
29364	382	4	bill	bill	NN
29364	382	5	of	of	IN
29364	382	6	exchange	exchange	NNP
29364	382	7	is	be	VBZ
29364	382	8	drawn	draw	VBN
29364	382	9	on	on	IN
29364	382	10	London	London	NNP
29364	382	11	at	at	IN
29364	382	12	sixty	sixty	CD
29364	382	13	days	day	NNS
29364	382	14	'	'	POS
29364	382	15	sight	sight	NN
29364	382	16	,	,	,
29364	382	17	for	for	IN
29364	382	18	£	£	$
29364	382	19	1,000	1,000	CD
29364	382	20	.	.	.
29364	383	1	The	the	DT
29364	383	2	buying	buying	NN
29364	383	3	price	price	NN
29364	383	4	for	for	IN
29364	383	5	such	such	PDT
29364	383	6	a	a	DT
29364	383	7	draft	draft	NN
29364	383	8	will	will	MD
29364	383	9	be	be	VB
29364	383	10	,	,	,
29364	383	11	perhaps	perhaps	RB
29364	383	12	,	,	,
29364	383	13	4.84	4.84	CD
29364	383	14	.	.	.
29364	384	1	The	the	DT
29364	384	2	Memphis	Memphis	NNP
29364	384	3	shipper	shipper	NN
29364	384	4	gets	get	VBZ
29364	384	5	his	-PRON-	PRP$
29364	384	6	check	check	NN
29364	384	7	for	for	IN
29364	384	8	$	$	$
29364	384	9	4,840	4,840	CD
29364	384	10	,	,	,
29364	384	11	and	and	CC
29364	384	12	is	be	VBZ
29364	384	13	out	out	IN
29364	384	14	of	of	IN
29364	384	15	the	the	DT
29364	384	16	transaction	transaction	NN
29364	384	17	.	.	.
29364	385	1	The	the	DT
29364	385	2	bill	bill	NN
29364	385	3	has	have	VBZ
29364	385	4	passed	pass	VBN
29364	385	5	into	into	IN
29364	385	6	a	a	DT
29364	385	7	banker	banker	NN
29364	385	8	's	's	POS
29364	385	9	hands	hand	NNS
29364	385	10	,	,	,
29364	385	11	who	who	WP
29364	385	12	will	will	MD
29364	385	13	send	send	VB
29364	385	14	it	-PRON-	PRP
29364	385	15	abroad	abroad	RB
29364	385	16	--	--	:
29364	385	17	deposit	deposit	VB
29364	385	18	it	-PRON-	PRP
29364	385	19	in	in	IN
29364	385	20	some	some	DT
29364	385	21	foreign	foreign	JJ
29364	385	22	bank	bank	NN
29364	385	23	where	where	WRB
29364	385	24	he	-PRON-	PRP
29364	385	25	keeps	keep	VBZ
29364	385	26	a	a	DT
29364	385	27	balance	balance	NN
29364	385	28	.	.	.
29364	386	1	As	as	IN
29364	386	2	to	to	IN
29364	386	3	the	the	DT
29364	386	4	rate	rate	NN
29364	386	5	of	of	IN
29364	386	6	4.84	4.84	CD
29364	386	7	received	receive	VBN
29364	386	8	by	by	IN
29364	386	9	the	the	DT
29364	386	10	shipper	shipper	NN
29364	386	11	,	,	,
29364	386	12	it	-PRON-	PRP
29364	386	13	is	be	VBZ
29364	386	14	to	to	TO
29364	386	15	be	be	VB
29364	386	16	noted	note	VBN
29364	386	17	that	that	IN
29364	386	18	had	have	VBN
29364	386	19	the	the	DT
29364	386	20	bill	bill	NN
29364	386	21	been	be	VBN
29364	386	22	drawn	draw	VBN
29364	386	23	at	at	IN
29364	386	24	less	less	JJR
29364	386	25	than	than	IN
29364	386	26	sixty	sixty	CD
29364	386	27	days	day	NNS
29364	386	28	'	'	POS
29364	386	29	sight	sight	NN
29364	386	30	,	,	,
29364	386	31	he	-PRON-	PRP
29364	386	32	would	would	MD
29364	386	33	have	have	VB
29364	386	34	received	receive	VBN
29364	386	35	more	more	JJR
29364	386	36	dollars	dollar	NNS
29364	386	37	for	for	IN
29364	386	38	it	-PRON-	PRP
29364	386	39	,	,	,
29364	386	40	while	while	IN
29364	386	41	if	if	IN
29364	386	42	it	-PRON-	PRP
29364	386	43	had	have	VBD
29364	386	44	been	be	VBN
29364	386	45	drawn	draw	VBN
29364	386	46	at	at	IN
29364	386	47	more	more	JJR
29364	386	48	than	than	IN
29364	386	49	sixty	sixty	CD
29364	386	50	days	day	NNS
29364	386	51	'	'	POS
29364	386	52	sight	sight	NN
29364	386	53	,	,	,
29364	386	54	he	-PRON-	PRP
29364	386	55	would	would	MD
29364	386	56	have	have	VB
29364	386	57	received	receive	VBN
29364	386	58	less	less	RBR
29364	386	59	for	for	IN
29364	386	60	it	-PRON-	PRP
29364	386	61	.	.	.
29364	387	1	The	the	DT
29364	387	2	longer	long	JJR
29364	387	3	the	the	DT
29364	387	4	banker	banker	NN
29364	387	5	who	who	WP
29364	387	6	takes	take	VBZ
29364	387	7	the	the	DT
29364	387	8	draft	draft	NN
29364	387	9	off	off	IN
29364	387	10	the	the	DT
29364	387	11	shipper	shipper	NN
29364	387	12	's	's	POS
29364	387	13	hands	hand	NNS
29364	387	14	has	have	VBZ
29364	387	15	to	to	TO
29364	387	16	wait	wait	VB
29364	387	17	until	until	IN
29364	387	18	he	-PRON-	PRP
29364	387	19	can	can	MD
29364	387	20	get	get	VB
29364	387	21	his	-PRON-	PRP$
29364	387	22	money	money	NN
29364	387	23	back	back	RB
29364	387	24	on	on	IN
29364	387	25	it	-PRON-	PRP
29364	387	26	,	,	,
29364	387	27	the	the	DT
29364	387	28	lower	low	JJR
29364	387	29	,	,	,
29364	387	30	naturally	naturally	RB
29364	387	31	,	,	,
29364	387	32	the	the	DT
29364	387	33	rate	rate	NN
29364	387	34	of	of	IN
29364	387	35	exchange	exchange	NN
29364	387	36	he	-PRON-	PRP
29364	387	37	is	be	VBZ
29364	387	38	willing	willing	JJ
29364	387	39	to	to	TO
29364	387	40	pay	pay	VB
29364	387	41	.	.	.
29364	388	1	On	on	IN
29364	388	2	the	the	DT
29364	388	3	same	same	JJ
29364	388	4	day	day	NN
29364	388	5	that	that	WDT
29364	388	6	demand	demand	NN
29364	388	7	drafts	draft	NNS
29364	388	8	are	be	VBP
29364	388	9	selling	sell	VBG
29364	388	10	at	at	IN
29364	388	11	4.87	4.87	CD
29364	388	12	,	,	,
29364	388	13	sixty	sixty	CD
29364	388	14	-	-	HYPH
29364	388	15	day	day	NN
29364	388	16	drafts	draft	NNS
29364	388	17	may	may	MD
29364	388	18	be	be	VB
29364	388	19	selling	sell	VBG
29364	388	20	at	at	IN
29364	388	21	4.84	4.84	CD
29364	388	22	and	and	CC
29364	388	23	ninety	ninety	CD
29364	388	24	-	-	HYPH
29364	388	25	day	day	NN
29364	388	26	drafts	draft	NNS
29364	388	27	at	at	IN
29364	388	28	4.83	4.83	CD
29364	388	29	.	.	.
29364	389	1	Assume	Assume	NNP
29364	389	2	,	,	,
29364	389	3	in	in	IN
29364	389	4	this	this	DT
29364	389	5	particular	particular	JJ
29364	389	6	case	case	NN
29364	389	7	,	,	,
29364	389	8	that	that	IN
29364	389	9	the	the	DT
29364	389	10	draft	draft	NN
29364	389	11	has	have	VBZ
29364	389	12	been	be	VBN
29364	389	13	taken	take	VBN
29364	389	14	off	off	RP
29364	389	15	the	the	DT
29364	389	16	shipper	shipper	NN
29364	389	17	's	's	POS
29364	389	18	hands	hand	NNS
29364	389	19	by	by	IN
29364	389	20	some	some	DT
29364	389	21	foreign	foreign	JJ
29364	389	22	exchange	exchange	NN
29364	389	23	banker	banker	NN
29364	389	24	in	in	IN
29364	389	25	New	New	NNP
29364	389	26	York	York	NNP
29364	389	27	.	.	.
29364	390	1	By	by	IN
29364	390	2	the	the	DT
29364	390	3	very	very	RB
29364	390	4	first	first	JJ
29364	390	5	steamer	steamer	NN
29364	390	6	the	the	DT
29364	390	7	latter	latter	NN
29364	390	8	will	will	MD
29364	390	9	forward	forward	VB
29364	390	10	it	-PRON-	PRP
29364	390	11	to	to	IN
29364	390	12	his	-PRON-	PRP$
29364	390	13	banking	banking	NN
29364	390	14	correspondent	correspondent	NN
29364	390	15	abroad	abroad	RB
29364	390	16	,	,	,
29364	390	17	with	with	IN
29364	390	18	instructions	instruction	NNS
29364	390	19	to	to	TO
29364	390	20	present	present	VB
29364	390	21	it	-PRON-	PRP
29364	390	22	at	at	IN
29364	390	23	once	once	RB
29364	390	24	to	to	IN
29364	390	25	the	the	DT
29364	390	26	parties	party	NNS
29364	390	27	on	on	IN
29364	390	28	whom	whom	WP
29364	390	29	it	-PRON-	PRP
29364	390	30	is	be	VBZ
29364	390	31	drawn	draw	VBN
29364	390	32	,	,	,
29364	390	33	in	in	IN
29364	390	34	order	order	NN
29364	390	35	that	that	IN
29364	390	36	they	-PRON-	PRP
29364	390	37	may	may	MD
29364	390	38	mark	mark	VB
29364	390	39	it	-PRON-	PRP
29364	390	40	"	"	``
29364	390	41	accepted	accept	VBN
29364	390	42	--	--	:
29364	390	43	payable	payable	JJ
29364	390	44	such	such	JJ
29364	390	45	-	-	HYPH
29364	390	46	and	and	CC
29364	390	47	-	-	HYPH
29364	390	48	such	such	JJ
29364	390	49	-	-	HYPH
29364	390	50	a	a	DT
29364	390	51	-	-	HYPH
29364	390	52	date	date	NN
29364	390	53	.	.	.
29364	390	54	"	"	''
29364	391	1	After	after	IN
29364	391	2	that	that	DT
29364	391	3	the	the	DT
29364	391	4	bill	bill	NN
29364	391	5	is	be	VBZ
29364	391	6	a	a	DT
29364	391	7	double	double	JJ
29364	391	8	obligation	obligation	NN
29364	391	9	of	of	IN
29364	391	10	the	the	DT
29364	391	11	drawer	drawer	NN
29364	391	12	and	and	CC
29364	391	13	the	the	DT
29364	391	14	drawee	drawee	NN
29364	391	15	,	,	,
29364	391	16	and	and	CC
29364	391	17	may	may	MD
29364	391	18	be	be	VB
29364	391	19	discounted	discount	VBN
29364	391	20	in	in	IN
29364	391	21	the	the	DT
29364	391	22	open	open	JJ
29364	391	23	market	market	NN
29364	391	24	,	,	,
29364	391	25	for	for	IN
29364	391	26	cash	cash	NN
29364	391	27	.	.	.
29364	392	1	Just	just	RB
29364	392	2	here	here	RB
29364	392	3	it	-PRON-	PRP
29364	392	4	is	be	VBZ
29364	392	5	necessary	necessary	JJ
29364	392	6	to	to	TO
29364	392	7	digress	digress	VB
29364	392	8	and	and	CC
29364	392	9	state	state	VB
29364	392	10	that	that	IN
29364	392	11	documentary	documentary	JJ
29364	392	12	commercial	commercial	JJ
29364	392	13	bills	bill	NNS
29364	392	14	are	be	VBP
29364	392	15	of	of	IN
29364	392	16	two	two	CD
29364	392	17	kinds--"acceptance	kinds--"acceptance	NNS
29364	392	18	"	"	''
29364	392	19	bills	bill	NNS
29364	392	20	and	and	CC
29364	392	21	"	"	``
29364	392	22	payment	payment	NN
29364	392	23	"	"	''
29364	392	24	bills	bill	NNS
29364	392	25	.	.	.
29364	393	1	In	in	IN
29364	393	2	the	the	DT
29364	393	3	case	case	NN
29364	393	4	of	of	IN
29364	393	5	the	the	DT
29364	393	6	first	first	RB
29364	393	7	-	-	HYPH
29364	393	8	named	name	VBN
29364	393	9	,	,	,
29364	393	10	the	the	DT
29364	393	11	documents	document	NNS
29364	393	12	are	be	VBP
29364	393	13	delivered	deliver	VBN
29364	393	14	to	to	IN
29364	393	15	the	the	DT
29364	393	16	party	party	NN
29364	393	17	on	on	IN
29364	393	18	whom	whom	WP
29364	393	19	the	the	DT
29364	393	20	bill	bill	NN
29364	393	21	is	be	VBZ
29364	393	22	drawn	draw	VBN
29364	393	23	as	as	RB
29364	393	24	soon	soon	RB
29364	393	25	as	as	IN
29364	393	26	he	-PRON-	PRP
29364	393	27	"	"	``
29364	393	28	accepts	accept	VBZ
29364	393	29	"	"	``
29364	393	30	the	the	DT
29364	393	31	bill	bill	NN
29364	393	32	,	,	,
29364	393	33	which	which	WDT
29364	393	34	puts	put	VBZ
29364	393	35	him	-PRON-	PRP
29364	393	36	in	in	IN
29364	393	37	a	a	DT
29364	393	38	position	position	NN
29364	393	39	to	to	TO
29364	393	40	get	get	VB
29364	393	41	possession	possession	NN
29364	393	42	of	of	IN
29364	393	43	the	the	DT
29364	393	44	merchandise	merchandise	NN
29364	393	45	at	at	IN
29364	393	46	once	once	RB
29364	393	47	.	.	.
29364	394	1	In	in	IN
29364	394	2	the	the	DT
29364	394	3	case	case	NN
29364	394	4	of	of	IN
29364	394	5	a	a	DT
29364	394	6	"	"	``
29364	394	7	payment	payment	NN
29364	394	8	"	"	''
29364	394	9	bill	bill	NN
29364	394	10	,	,	,
29364	394	11	the	the	DT
29364	394	12	credit	credit	NN
29364	394	13	of	of	IN
29364	394	14	the	the	DT
29364	394	15	man	man	NN
29364	394	16	on	on	IN
29364	394	17	whom	whom	WP
29364	394	18	it	-PRON-	PRP
29364	394	19	is	be	VBZ
29364	394	20	drawn	draw	VBN
29364	394	21	is	be	VBZ
29364	394	22	not	not	RB
29364	394	23	good	good	JJ
29364	394	24	enough	enough	RB
29364	394	25	to	to	TO
29364	394	26	entitle	entitle	VB
29364	394	27	him	-PRON-	PRP
29364	394	28	to	to	IN
29364	394	29	such	such	PDT
29364	394	30	a	a	DT
29364	394	31	privilege	privilege	NN
29364	394	32	,	,	,
29364	394	33	and	and	CC
29364	394	34	the	the	DT
29364	394	35	only	only	JJ
29364	394	36	way	way	NN
29364	394	37	he	-PRON-	PRP
29364	394	38	can	can	MD
29364	394	39	get	get	VB
29364	394	40	actual	actual	JJ
29364	394	41	possession	possession	NN
29364	394	42	of	of	IN
29364	394	43	the	the	DT
29364	394	44	goods	good	NNS
29364	394	45	is	be	VBZ
29364	394	46	to	to	TO
29364	394	47	actually	actually	RB
29364	394	48	pay	pay	VB
29364	394	49	the	the	DT
29364	394	50	draft	draft	NN
29364	394	51	under	under	IN
29364	394	52	a	a	DT
29364	394	53	rebate	rebate	NN
29364	394	54	-	-	HYPH
29364	394	55	of	of	IN
29364	394	56	-	-	HYPH
29364	394	57	interest	interest	NN
29364	394	58	arrangement	arrangement	NN
29364	394	59	.	.	.
29364	395	1	All	all	DT
29364	395	2	bills	bill	NNS
29364	395	3	drawn	draw	VBN
29364	395	4	on	on	IN
29364	395	5	banks	bank	NNS
29364	395	6	are	be	VBP
29364	395	7	naturally	naturally	RB
29364	395	8	"	"	``
29364	395	9	acceptance	acceptance	NN
29364	395	10	"	"	''
29364	395	11	bills	bill	NNS
29364	395	12	;	;	,
29364	395	13	and	and	CC
29364	395	14	being	be	VBG
29364	395	15	discountable	discountable	JJ
29364	395	16	and	and	CC
29364	395	17	thus	thus	RB
29364	395	18	immediately	immediately	RB
29364	395	19	convertible	convertible	JJ
29364	395	20	into	into	IN
29364	395	21	cash	cash	NN
29364	395	22	abroad	abroad	RB
29364	395	23	,	,	,
29364	395	24	command	command	VBP
29364	395	25	a	a	DT
29364	395	26	better	well	JJR
29364	395	27	rate	rate	NN
29364	395	28	of	of	IN
29364	395	29	exchange	exchange	NN
29364	395	30	in	in	IN
29364	395	31	the	the	DT
29364	395	32	New	New	NNP
29364	395	33	York	York	NNP
29364	395	34	market	market	NN
29364	395	35	than	than	IN
29364	395	36	"	"	``
29364	395	37	payment	payment	NN
29364	395	38	"	"	''
29364	395	39	bills	bill	NNS
29364	395	40	,	,	,
29364	395	41	which	which	WDT
29364	395	42	may	may	MD
29364	395	43	be	be	VB
29364	395	44	allowed	allow	VBN
29364	395	45	to	to	TO
29364	395	46	run	run	VB
29364	395	47	all	all	PDT
29364	395	48	the	the	DT
29364	395	49	way	way	NN
29364	395	50	to	to	IN
29364	395	51	maturity	maturity	NN
29364	395	52	before	before	IN
29364	395	53	a	a	DT
29364	395	54	single	single	JJ
29364	395	55	pound	pound	NN
29364	395	56	sterling	sterling	NN
29364	395	57	is	be	VBZ
29364	395	58	paid	pay	VBN
29364	395	59	on	on	IN
29364	395	60	them	-PRON-	PRP
29364	395	61	.	.	.
29364	396	1	Except	except	IN
29364	396	2	in	in	IN
29364	396	3	the	the	DT
29364	396	4	case	case	NN
29364	396	5	of	of	IN
29364	396	6	the	the	DT
29364	396	7	shipment	shipment	NN
29364	396	8	of	of	IN
29364	396	9	perishable	perishable	JJ
29364	396	10	merchandise	merchandise	NN
29364	396	11	--	--	:
29364	396	12	grain	grain	NN
29364	396	13	shipped	ship	VBN
29364	396	14	in	in	IN
29364	396	15	bulk	bulk	NN
29364	396	16	,	,	,
29364	396	17	for	for	IN
29364	396	18	instance	instance	NN
29364	396	19	.	.	.
29364	397	1	In	in	IN
29364	397	2	that	that	DT
29364	397	3	case	case	NN
29364	397	4	the	the	DT
29364	397	5	buyer	buyer	NN
29364	397	6	on	on	IN
29364	397	7	the	the	DT
29364	397	8	other	other	JJ
29364	397	9	side	side	NN
29364	397	10	can	can	MD
29364	397	11	not	not	RB
29364	397	12	afford	afford	VB
29364	397	13	to	to	TO
29364	397	14	let	let	VB
29364	397	15	the	the	DT
29364	397	16	draft	draft	NN
29364	397	17	run	run	NN
29364	397	18	,	,	,
29364	397	19	because	because	IN
29364	397	20	the	the	DT
29364	397	21	merchandise	merchandise	NN
29364	397	22	would	would	MD
29364	397	23	spoil	spoil	VB
29364	397	24	.	.	.
29364	398	1	He	-PRON-	PRP
29364	398	2	is	be	VBZ
29364	398	3	simply	simply	RB
29364	398	4	forced	force	VBN
29364	398	5	to	to	TO
29364	398	6	pay	pay	VB
29364	398	7	it	-PRON-	PRP
29364	398	8	under	under	IN
29364	398	9	rebate	rebate	NN
29364	398	10	,	,	,
29364	398	11	in	in	IN
29364	398	12	order	order	NN
29364	398	13	to	to	TO
29364	398	14	get	get	VB
29364	398	15	possession	possession	NN
29364	398	16	of	of	IN
29364	398	17	the	the	DT
29364	398	18	grain	grain	NN
29364	398	19	.	.	.
29364	399	1	And	and	CC
29364	399	2	the	the	DT
29364	399	3	rebate	rebate	NN
29364	399	4	being	be	VBG
29364	399	5	always	always	RB
29364	399	6	less	less	JJR
29364	399	7	than	than	IN
29364	399	8	the	the	DT
29364	399	9	discount	discount	NN
29364	399	10	rate	rate	NN
29364	399	11	,	,	,
29364	399	12	less	less	RBR
29364	399	13	pounds	pound	NNS
29364	399	14	sterling	sterling	NN
29364	399	15	come	come	VB
29364	399	16	off	off	IN
29364	399	17	the	the	DT
29364	399	18	face	face	NN
29364	399	19	of	of	IN
29364	399	20	the	the	DT
29364	399	21	bill	bill	NN
29364	399	22	in	in	IN
29364	399	23	the	the	DT
29364	399	24	process	process	NN
29364	399	25	of	of	IN
29364	399	26	_	_	NNP
29364	399	27	rebating	rebate	VBG
29364	399	28	_	_	NNP
29364	399	29	than	than	IN
29364	399	30	of	of	IN
29364	399	31	_	_	NNP
29364	399	32	discounting	discount	VBG
29364	399	33	_	_	NNP
29364	399	34	.	.	.
29364	400	1	For	for	IN
29364	400	2	which	which	WDT
29364	400	3	reason	reason	NN
29364	400	4	sixty	sixty	CD
29364	400	5	-	-	HYPH
29364	400	6	day	day	NN
29364	400	7	bills	bill	NNS
29364	400	8	drawn	draw	VBN
29364	400	9	against	against	IN
29364	400	10	shipments	shipment	NNS
29364	400	11	of	of	IN
29364	400	12	grain	grain	NN
29364	400	13	--	--	:
29364	400	14	documents	document	NNS
29364	400	15	deliverable	deliverable	JJ
29364	400	16	only	only	RB
29364	400	17	on	on	IN
29364	400	18	payment	payment	NN
29364	400	19	under	under	IN
29364	400	20	rebate	rebate	NN
29364	400	21	--	--	:
29364	400	22	command	command	VB
29364	400	23	a	a	DT
29364	400	24	better	well	JJR
29364	400	25	rate	rate	NN
29364	400	26	of	of	IN
29364	400	27	exchange	exchange	NN
29364	400	28	even	even	RB
29364	400	29	than	than	IN
29364	400	30	the	the	DT
29364	400	31	very	very	RB
29364	400	32	best	good	JJS
29364	400	33	of	of	IN
29364	400	34	cotton	cotton	NN
29364	400	35	"	"	``
29364	400	36	acceptance	acceptance	NN
29364	400	37	"	"	''
29364	400	38	bills	bill	NNS
29364	400	39	drawn	draw	VBN
29364	400	40	on	on	IN
29364	400	41	banks	bank	NNS
29364	400	42	.	.	.
29364	401	1	2	2	LS
29364	401	2	.	.	.
29364	402	1	_	_	NNP
29364	402	2	Clean	Clean	NNP
29364	402	3	Bills	Bills	NNPS
29364	402	4	_	_	IN
29364	402	5	[	[	-LRB-
29364	402	6	Illustration	illustration	NN
29364	402	7	:	:	:
29364	402	8	Form	form	NN
29364	402	9	of	of	IN
29364	402	10	Clean	Clean	NNP
29364	402	11	Bill	Bill	NNP
29364	402	12	]	]	-RRB-
29364	402	13	Where	where	WRB
29364	402	14	the	the	DT
29364	402	15	drafts	draft	NNS
29364	402	16	of	of	IN
29364	402	17	the	the	DT
29364	402	18	merchants	merchant	NNS
29364	402	19	of	of	IN
29364	402	20	one	one	CD
29364	402	21	country	country	NN
29364	402	22	drawn	draw	VBN
29364	402	23	upon	upon	IN
29364	402	24	the	the	DT
29364	402	25	merchants	merchant	NNS
29364	402	26	or	or	CC
29364	402	27	bankers	banker	NNS
29364	402	28	of	of	IN
29364	402	29	another	another	DT
29364	402	30	are	be	VBP
29364	402	31	unaccompanied	unaccompanied	JJ
29364	402	32	by	by	IN
29364	402	33	shipping	ship	VBG
29364	402	34	documents	document	NNS
29364	402	35	they	-PRON-	PRP
29364	402	36	are	be	VBP
29364	402	37	said	say	VBN
29364	402	38	to	to	TO
29364	402	39	be	be	VB
29364	402	40	"	"	``
29364	402	41	clean	clean	JJ
29364	402	42	.	.	.
29364	402	43	"	"	''
29364	403	1	Bills	bill	NNS
29364	403	2	of	of	IN
29364	403	3	this	this	DT
29364	403	4	kind	kind	NN
29364	403	5	may	may	MD
29364	403	6	originate	originate	VB
29364	403	7	from	from	IN
29364	403	8	the	the	DT
29364	403	9	transfer	transfer	NN
29364	403	10	of	of	IN
29364	403	11	capital	capital	NN
29364	403	12	from	from	IN
29364	403	13	one	one	CD
29364	403	14	country	country	NN
29364	403	15	to	to	IN
29364	403	16	another	another	DT
29364	403	17	or	or	CC
29364	403	18	may	may	MD
29364	403	19	represent	represent	VB
29364	403	20	drawings	drawing	NNS
29364	403	21	against	against	IN
29364	403	22	shipments	shipment	NNS
29364	403	23	of	of	IN
29364	403	24	merchandise	merchandise	NN
29364	403	25	previously	previously	RB
29364	403	26	made	make	VBN
29364	403	27	.	.	.
29364	404	1	It	-PRON-	PRP
29364	404	2	is	be	VBZ
29364	404	3	not	not	RB
29364	404	4	unusual	unusual	JJ
29364	404	5	,	,	,
29364	404	6	indeed	indeed	RB
29364	404	7	,	,	,
29364	404	8	where	where	WRB
29364	404	9	the	the	DT
29364	404	10	relationship	relationship	NN
29364	404	11	between	between	IN
29364	404	12	some	some	DT
29364	404	13	foreign	foreign	JJ
29364	404	14	merchant	merchant	NN
29364	404	15	and	and	CC
29364	404	16	some	some	DT
29364	404	17	American	american	JJ
29364	404	18	merchant	merchant	NN
29364	404	19	is	be	VBZ
29364	404	20	very	very	RB
29364	404	21	close	close	JJ
29364	404	22	,	,	,
29364	404	23	for	for	IN
29364	404	24	the	the	DT
29364	404	25	one	one	NN
29364	404	26	to	to	TO
29364	404	27	ship	ship	VB
29364	404	28	merchandise	merchandise	NN
29364	404	29	to	to	IN
29364	404	30	the	the	DT
29364	404	31	other	other	JJ
29364	404	32	without	without	IN
29364	404	33	drawing	draw	VBG
29364	404	34	drafts	draft	NNS
29364	404	35	against	against	IN
29364	404	36	the	the	DT
29364	404	37	shipment	shipment	NN
29364	404	38	until	until	IN
29364	404	39	some	some	DT
29364	404	40	little	little	JJ
29364	404	41	time	time	NN
29364	404	42	afterward	afterward	RB
29364	404	43	.	.	.
29364	405	1	It	-PRON-	PRP
29364	405	2	might	may	MD
29364	405	3	happen	happen	VB
29364	405	4	,	,	,
29364	405	5	for	for	IN
29364	405	6	instance	instance	NN
29364	405	7	,	,	,
29364	405	8	that	that	IN
29364	405	9	a	a	DT
29364	405	10	cotton	cotton	NN
29364	405	11	manufacturing	manufacturing	NN
29364	405	12	firm	firm	NN
29364	405	13	in	in	IN
29364	405	14	France	France	NNP
29364	405	15	wanted	want	VBD
29364	405	16	to	to	TO
29364	405	17	import	import	VB
29364	405	18	a	a	DT
29364	405	19	lot	lot	NN
29364	405	20	of	of	IN
29364	405	21	raw	raw	JJ
29364	405	22	cotton	cotton	NN
29364	405	23	from	from	IN
29364	405	24	the	the	DT
29364	405	25	United	United	NNP
29364	405	26	States	States	NNP
29364	405	27	,	,	,
29364	405	28	but	but	CC
29364	405	29	did	do	VBD
29364	405	30	not	not	RB
29364	405	31	want	want	VB
29364	405	32	to	to	TO
29364	405	33	be	be	VB
29364	405	34	drawn	draw	VBN
29364	405	35	upon	upon	IN
29364	405	36	at	at	IN
29364	405	37	the	the	DT
29364	405	38	time	time	NN
29364	405	39	.	.	.
29364	406	1	Under	under	IN
29364	406	2	such	such	JJ
29364	406	3	circumstances	circumstance	NNS
29364	406	4	the	the	DT
29364	406	5	American	american	JJ
29364	406	6	house	house	NN
29364	406	7	might	may	MD
29364	406	8	ship	ship	VB
29364	406	9	the	the	DT
29364	406	10	goods	good	NNS
29364	406	11	and	and	CC
29364	406	12	send	send	VB
29364	406	13	over	over	RP
29364	406	14	the	the	DT
29364	406	15	documents	document	NNS
29364	406	16	to	to	IN
29364	406	17	the	the	DT
29364	406	18	buyer	buyer	NN
29364	406	19	,	,	,
29364	406	20	postponing	postpone	VBG
29364	406	21	its	-PRON-	PRP$
29364	406	22	drawing	drawing	NN
29364	406	23	for	for	IN
29364	406	24	some	some	DT
29364	406	25	time	time	NN
29364	406	26	.	.	.
29364	407	1	Eventually	eventually	RB
29364	407	2	,	,	,
29364	407	3	of	of	IN
29364	407	4	course	course	NN
29364	407	5	,	,	,
29364	407	6	the	the	DT
29364	407	7	American	american	JJ
29364	407	8	house	house	NN
29364	407	9	would	would	MD
29364	407	10	reimburse	reimburse	VB
29364	407	11	itself	-PRON-	PRP
29364	407	12	by	by	IN
29364	407	13	drawing	draw	VBG
29364	407	14	,	,	,
29364	407	15	but	but	CC
29364	407	16	the	the	DT
29364	407	17	documents	document	NNS
29364	407	18	having	have	VBG
29364	407	19	gone	go	VBN
29364	407	20	forward	forward	RB
29364	407	21	long	long	RB
29364	407	22	before	before	RB
29364	407	23	,	,	,
29364	407	24	the	the	DT
29364	407	25	drafts	draft	NNS
29364	407	26	would	would	MD
29364	407	27	be	be	VB
29364	407	28	what	what	WP
29364	407	29	is	be	VBZ
29364	407	30	known	know	VBN
29364	407	31	as	as	IN
29364	407	32	"	"	``
29364	407	33	clean	clean	JJ
29364	407	34	.	.	.
29364	407	35	"	"	''
29364	408	1	Later	later	RB
29364	408	2	on	on	RB
29364	408	3	,	,	,
29364	408	4	in	in	IN
29364	408	5	the	the	DT
29364	408	6	chapter	chapter	NN
29364	408	7	on	on	IN
29364	408	8	the	the	DT
29364	408	9	actual	actual	JJ
29364	408	10	money	money	NN
29364	408	11	-	-	HYPH
29364	408	12	making	make	VBG
29364	408	13	operations	operation	NNS
29364	408	14	of	of	IN
29364	408	15	the	the	DT
29364	408	16	foreign	foreign	NNP
29364	408	17	department	department	NNP
29364	408	18	,	,	,
29364	408	19	the	the	DT
29364	408	20	risk	risk	NN
29364	408	21	in	in	IN
29364	408	22	buying	buy	VBG
29364	408	23	various	various	JJ
29364	408	24	kinds	kind	NNS
29364	408	25	of	of	IN
29364	408	26	bills	bill	NNS
29364	408	27	will	will	MD
29364	408	28	be	be	VB
29364	408	29	fully	fully	RB
29364	408	30	explained	explain	VBN
29364	408	31	,	,	,
29364	408	32	but	but	CC
29364	408	33	in	in	IN
29364	408	34	passing	pass	VBG
29364	408	35	it	-PRON-	PRP
29364	408	36	may	may	MD
29364	408	37	be	be	VB
29364	408	38	mentioned	mention	VBN
29364	408	39	that	that	IN
29364	408	40	"	"	``
29364	408	41	clean	clean	JJ
29364	408	42	"	"	''
29364	408	43	bills	bill	NNS
29364	408	44	are	be	VBP
29364	408	45	of	of	IN
29364	408	46	such	such	PDT
29364	408	47	a	a	DT
29364	408	48	nature	nature	NN
29364	408	49	that	that	IN
29364	408	50	bankers	banker	NNS
29364	408	51	will	will	MD
29364	408	52	touch	touch	VB
29364	408	53	them	-PRON-	PRP
29364	408	54	only	only	RB
29364	408	55	when	when	WRB
29364	408	56	drawn	draw	VBN
29364	408	57	by	by	IN
29364	408	58	the	the	DT
29364	408	59	very	very	RB
29364	408	60	best	good	JJS
29364	408	61	houses	house	NNS
29364	408	62	.	.	.
29364	409	1	With	with	IN
29364	409	2	a	a	DT
29364	409	3	documentary	documentary	JJ
29364	409	4	bill	bill	NN
29364	409	5	,	,	,
29364	409	6	the	the	DT
29364	409	7	banker	banker	NN
29364	409	8	holds	hold	VBZ
29364	409	9	the	the	DT
29364	409	10	bill	bill	NN
29364	409	11	of	of	IN
29364	409	12	lading	lading	NN
29364	409	13	,	,	,
29364	409	14	and	and	CC
29364	409	15	if	if	IN
29364	409	16	there	there	EX
29364	409	17	is	be	VBZ
29364	409	18	any	any	DT
29364	409	19	trouble	trouble	NN
29364	409	20	about	about	IN
29364	409	21	the	the	DT
29364	409	22	acceptance	acceptance	NN
29364	409	23	or	or	CC
29364	409	24	payment	payment	NN
29364	409	25	of	of	IN
29364	409	26	a	a	DT
29364	409	27	draft	draft	NN
29364	409	28	,	,	,
29364	409	29	can	can	MD
29364	409	30	simply	simply	RB
29364	409	31	seize	seize	VB
29364	409	32	the	the	DT
29364	409	33	goods	good	NNS
29364	409	34	and	and	CC
29364	409	35	sell	sell	VB
29364	409	36	them	-PRON-	PRP
29364	409	37	.	.	.
29364	410	1	But	but	CC
29364	410	2	in	in	IN
29364	410	3	the	the	DT
29364	410	4	case	case	NN
29364	410	5	of	of	IN
29364	410	6	a	a	DT
29364	410	7	"	"	``
29364	410	8	clean	clean	JJ
29364	410	9	"	"	''
29364	410	10	bill	bill	NN
29364	410	11	,	,	,
29364	410	12	he	-PRON-	PRP
29364	410	13	has	have	VBZ
29364	410	14	absolutely	absolutely	RB
29364	410	15	no	no	DT
29364	410	16	security	security	NN
29364	410	17	.	.	.
29364	411	1	The	the	DT
29364	411	2	standing	standing	NN
29364	411	3	of	of	IN
29364	411	4	the	the	DT
29364	411	5	maker	maker	NN
29364	411	6	of	of	IN
29364	411	7	the	the	DT
29364	411	8	bill	bill	NN
29364	411	9	and	and	CC
29364	411	10	what	what	WP
29364	411	11	he	-PRON-	PRP
29364	411	12	knows	know	VBZ
29364	411	13	about	about	IN
29364	411	14	the	the	DT
29364	411	15	maker	maker	NN
29364	411	16	's	's	POS
29364	411	17	right	right	NN
29364	411	18	to	to	TO
29364	411	19	draw	draw	VB
29364	411	20	the	the	DT
29364	411	21	bill	bill	NN
29364	411	22	is	be	VBZ
29364	411	23	all	all	DT
29364	411	24	he	-PRON-	PRP
29364	411	25	has	have	VBZ
29364	411	26	to	to	TO
29364	411	27	go	go	VB
29364	411	28	by	by	RB
29364	411	29	in	in	IN
29364	411	30	determining	determine	VBG
29364	411	31	whether	whether	IN
29364	411	32	to	to	TO
29364	411	33	buy	buy	VB
29364	411	34	it	-PRON-	PRP
29364	411	35	or	or	CC
29364	411	36	not	not	RB
29364	411	37	.	.	.
29364	412	1	3	3	LS
29364	412	2	.	.	.
29364	413	1	_	_	NNP
29364	413	2	Documentary	Documentary	NNP
29364	413	3	Commercial	Commercial	NNP
29364	413	4	Bills	Bills	NNPS
29364	413	5	Drawn	Drawn	NNP
29364	413	6	at	at	IN
29364	413	7	Short	Short	NNP
29364	413	8	Sight	Sight	NNP
29364	413	9	_	_	NNP
29364	413	10	[	[	-LRB-
29364	413	11	Illustration	illustration	NN
29364	413	12	:	:	:
29364	413	13	Form	form	NN
29364	413	14	of	of	IN
29364	413	15	Documentary	Documentary	NNP
29364	413	16	Commercial	Commercial	NNP
29364	413	17	Sight	Sight	NNP
29364	413	18	Bill	Bill	NNP
29364	413	19	]	]	-RRB-
29364	413	20	A	a	DT
29364	413	21	comparatively	comparatively	RB
29364	413	22	small	small	JJ
29364	413	23	part	part	NN
29364	413	24	of	of	IN
29364	413	25	our	-PRON-	PRP$
29364	413	26	exports	export	NNS
29364	413	27	are	be	VBP
29364	413	28	sold	sell	VBN
29364	413	29	on	on	IN
29364	413	30	a	a	DT
29364	413	31	basis	basis	NN
29364	413	32	where	where	WRB
29364	413	33	the	the	DT
29364	413	34	draft	draft	NN
29364	413	35	drawn	drawn	NN
29364	413	36	is	be	VBZ
29364	413	37	at	at	IN
29364	413	38	less	less	JJR
29364	413	39	than	than	IN
29364	413	40	thirty	thirty	CD
29364	413	41	days	day	NNS
29364	413	42	'	'	POS
29364	413	43	sight	sight	NN
29364	413	44	,	,	,
29364	413	45	but	but	CC
29364	413	46	there	there	EX
29364	413	47	are	be	VBP
29364	413	48	a	a	DT
29364	413	49	good	good	JJ
29364	413	50	many	many	JJ
29364	413	51	small	small	JJ
29364	413	52	bills	bill	NNS
29364	413	53	of	of	IN
29364	413	54	this	this	DT
29364	413	55	kind	kind	NN
29364	413	56	continually	continually	RB
29364	413	57	coming	come	VBG
29364	413	58	into	into	IN
29364	413	59	the	the	DT
29364	413	60	market	market	NN
29364	413	61	.	.	.
29364	414	1	Drafts	draft	NNS
29364	414	2	drawn	draw	VBN
29364	414	3	against	against	IN
29364	414	4	manufactured	manufactured	JJ
29364	414	5	articles	article	NNS
29364	414	6	and	and	CC
29364	414	7	against	against	IN
29364	414	8	such	such	JJ
29364	414	9	products	product	NNS
29364	414	10	as	as	IN
29364	414	11	cheese	cheese	NN
29364	414	12	,	,	,
29364	414	13	butter	butter	NN
29364	414	14	,	,	,
29364	414	15	dried	dry	VBN
29364	414	16	fruits	fruit	NNS
29364	414	17	,	,	,
29364	414	18	etc	etc	FW
29364	414	19	.	.	.
29364	414	20	,	,	,
29364	414	21	are	be	VBP
29364	414	22	apt	apt	JJ
29364	414	23	to	to	TO
29364	414	24	be	be	VB
29364	414	25	drawn	draw	VBN
29364	414	26	for	for	IN
29364	414	27	,	,	,
29364	414	28	with	with	IN
29364	414	29	shipping	ship	VBG
29364	414	30	documents	document	NNS
29364	414	31	attached	attach	VBN
29364	414	32	,	,	,
29364	414	33	at	at	IN
29364	414	34	anywhere	anywhere	RB
29364	414	35	from	from	IN
29364	414	36	three	three	CD
29364	414	37	to	to	TO
29364	414	38	thirty	thirty	CD
29364	414	39	days	day	NNS
29364	414	40	'	'	POS
29364	414	41	sight	sight	NN
29364	414	42	,	,	,
29364	414	43	but	but	CC
29364	414	44	there	there	EX
29364	414	45	is	be	VBZ
29364	414	46	no	no	DT
29364	414	47	rule	rule	NN
29364	414	48	about	about	IN
29364	414	49	it	-PRON-	PRP
29364	414	50	.	.	.
29364	415	1	Where	where	WRB
29364	415	2	the	the	DT
29364	415	3	"	"	``
29364	415	4	usance"--the	usance"--the	DT
29364	415	5	time	time	NN
29364	415	6	the	the	DT
29364	415	7	bill	bill	NN
29364	415	8	has	have	VBZ
29364	415	9	to	to	TO
29364	415	10	run	run	VB
29364	415	11	--	--	:
29364	415	12	is	be	VBZ
29364	415	13	only	only	RB
29364	415	14	a	a	DT
29364	415	15	few	few	JJ
29364	415	16	days	day	NNS
29364	415	17	,	,	,
29364	415	18	documents	document	NNS
29364	415	19	are	be	VBP
29364	415	20	apt	apt	JJ
29364	415	21	to	to	TO
29364	415	22	be	be	VB
29364	415	23	deliverable	deliverable	JJ
29364	415	24	only	only	RB
29364	415	25	on	on	IN
29364	415	26	payment	payment	NN
29364	415	27	of	of	IN
29364	415	28	the	the	DT
29364	415	29	bills	bill	NNS
29364	415	30	.	.	.
29364	416	1	4	4	LS
29364	416	2	.	.	.
29364	417	1	_	_	NNP
29364	417	2	Drafts	Drafts	NNP
29364	417	3	Drawn	Drawn	NNP
29364	417	4	Against	against	IN
29364	417	5	Securities	Securities	NNPS
29364	417	6	_	_	NNP
29364	417	7	[	[	-LRB-
29364	417	8	Illustration	illustration	NN
29364	417	9	:	:	:
29364	417	10	Form	form	NN
29364	417	11	of	of	IN
29364	417	12	Draft	Draft	NNP
29364	417	13	Drawn	Drawn	NNP
29364	417	14	Against	Against	NNP
29364	417	15	Securities	Securities	NNPS
29364	417	16	]	]	-RRB-
29364	417	17	Exchange	Exchange	NNP
29364	417	18	of	of	IN
29364	417	19	this	this	DT
29364	417	20	kind	kind	NN
29364	417	21	is	be	VBZ
29364	417	22	naturally	naturally	RB
29364	417	23	of	of	IN
29364	417	24	the	the	DT
29364	417	25	highest	high	JJS
29364	417	26	class	class	NN
29364	417	27	,	,	,
29364	417	28	the	the	DT
29364	417	29	stocks	stock	NNS
29364	417	30	or	or	CC
29364	417	31	bonds	bond	NNS
29364	417	32	against	against	IN
29364	417	33	which	which	WDT
29364	417	34	it	-PRON-	PRP
29364	417	35	is	be	VBZ
29364	417	36	drawn	draw	VBN
29364	417	37	being	be	VBG
29364	417	38	almost	almost	RB
29364	417	39	always	always	RB
29364	417	40	attached	attach	VBN
29364	417	41	to	to	IN
29364	417	42	the	the	DT
29364	417	43	bill	bill	NN
29364	417	44	of	of	IN
29364	417	45	exchange	exchange	NNP
29364	417	46	.	.	.
29364	418	1	In	in	IN
29364	418	2	the	the	DT
29364	418	3	case	case	NN
29364	418	4	of	of	IN
29364	418	5	syndicate	syndicate	NN
29364	418	6	participations	participation	NNS
29364	418	7	by	by	IN
29364	418	8	large	large	JJ
29364	418	9	houses	house	NNS
29364	418	10	,	,	,
29364	418	11	the	the	DT
29364	418	12	bonds	bond	NNS
29364	418	13	may	may	MD
29364	418	14	be	be	VB
29364	418	15	shipped	ship	VBN
29364	418	16	abroad	abroad	RB
29364	418	17	privately	privately	RB
29364	418	18	and	and	CC
29364	418	19	exchange	exchange	VBP
29364	418	20	against	against	IN
29364	418	21	them	-PRON-	PRP
29364	418	22	drawn	draw	VBN
29364	418	23	and	and	CC
29364	418	24	sold	sell	VBD
29364	418	25	independently	independently	RB
29364	418	26	,	,	,
29364	418	27	in	in	IN
29364	418	28	which	which	WDT
29364	418	29	case	case	NN
29364	418	30	,	,	,
29364	418	31	of	of	IN
29364	418	32	course	course	NN
29364	418	33	,	,	,
29364	418	34	no	no	DT
29364	418	35	security	security	NN
29364	418	36	is	be	VBZ
29364	418	37	attached	attach	VBN
29364	418	38	,	,	,
29364	418	39	but	but	CC
29364	418	40	as	as	IN
29364	418	41	a	a	DT
29364	418	42	rule	rule	NN
29364	418	43	the	the	DT
29364	418	44	bonds	bond	NNS
29364	418	45	or	or	CC
29364	418	46	stocks	stock	NNS
29364	418	47	go	go	VB
29364	418	48	with	with	IN
29364	418	49	the	the	DT
29364	418	50	draft	draft	NN
29364	418	51	.	.	.
29364	419	1	A	a	DT
29364	419	2	,	,	,
29364	419	3	in	in	IN
29364	419	4	New	New	NNP
29364	419	5	York	York	NNP
29364	419	6	,	,	,
29364	419	7	executes	execute	VBZ
29364	419	8	an	an	DT
29364	419	9	order	order	NN
29364	419	10	to	to	TO
29364	419	11	buy	buy	VB
29364	419	12	for	for	IN
29364	419	13	B	B	NNP
29364	419	14	in	in	IN
29364	419	15	London	London	NNP
29364	419	16	,	,	,
29364	419	17	one	one	CD
29364	419	18	hundred	hundred	CD
29364	419	19	Union	Union	NNP
29364	419	20	Pacific	Pacific	NNP
29364	419	21	preferred	prefer	VBD
29364	419	22	shares	share	NNS
29364	419	23	on	on	IN
29364	419	24	the	the	DT
29364	419	25	New	New	NNP
29364	419	26	York	York	NNP
29364	419	27	Stock	Stock	NNP
29364	419	28	Exchange	Exchange	NNP
29364	419	29	.	.	.
29364	420	1	The	the	DT
29364	420	2	stock	stock	NN
29364	420	3	comes	come	VBZ
29364	420	4	into	into	IN
29364	420	5	A	A	NNP
29364	420	6	's	's	POS
29364	420	7	office	office	NN
29364	420	8	,	,	,
29364	420	9	and	and	CC
29364	420	10	he	-PRON-	PRP
29364	420	11	pays	pay	VBZ
29364	420	12	for	for	IN
29364	420	13	it	-PRON-	PRP
29364	420	14	with	with	IN
29364	420	15	the	the	DT
29364	420	16	proceeds	proceed	NNS
29364	420	17	of	of	IN
29364	420	18	a	a	DT
29364	420	19	sterling	sterling	NN
29364	420	20	draft	draft	NN
29364	420	21	he	-PRON-	PRP
29364	420	22	draws	draw	VBZ
29364	420	23	on	on	IN
29364	420	24	B.	B.	NNP
29364	421	1	The	the	DT
29364	421	2	stock	stock	NN
29364	421	3	itself	-PRON-	PRP
29364	421	4	he	-PRON-	PRP
29364	421	5	attaches	attach	VBZ
29364	421	6	to	to	IN
29364	421	7	this	this	DT
29364	421	8	sterling	sterling	NN
29364	421	9	draft	draft	NN
29364	421	10	.	.	.
29364	422	1	Whoever	whoever	WP
29364	422	2	buys	buy	VBZ
29364	422	3	the	the	DT
29364	422	4	draft	draft	NN
29364	422	5	of	of	IN
29364	422	6	him	-PRON-	PRP
29364	422	7	gets	get	VBZ
29364	422	8	the	the	DT
29364	422	9	stock	stock	NN
29364	422	10	with	with	IN
29364	422	11	it	-PRON-	PRP
29364	422	12	and	and	CC
29364	422	13	keeps	keep	VBZ
29364	422	14	possession	possession	NN
29364	422	15	of	of	IN
29364	422	16	it	-PRON-	PRP
29364	422	17	till	till	IN
29364	422	18	the	the	DT
29364	422	19	draft	draft	NN
29364	422	20	is	be	VBZ
29364	422	21	presented	present	VBN
29364	422	22	and	and	CC
29364	422	23	paid	pay	VBN
29364	422	24	in	in	IN
29364	422	25	London	London	NNP
29364	422	26	.	.	.
29364	423	1	5	5	CD
29364	423	2	.	.	.
29364	424	1	_	_	NNP
29364	424	2	Bankers	Bankers	NNPS
29364	424	3	'	'	POS
29364	424	4	Checks	check	NNS
29364	424	5	or	or	CC
29364	424	6	Demand	demand	NN
29364	424	7	Drafts	Drafts	NNPS
29364	424	8	on	on	IN
29364	424	9	Their	-PRON-	PRP$
29364	424	10	Correspondents	correspondent	NNS
29364	424	11	Abroad	abroad	RB
29364	424	12	_	_	IN
29364	424	13	[	[	-LRB-
29364	424	14	Illustration	illustration	NN
29364	424	15	:	:	:
29364	424	16	Form	form	NN
29364	424	17	of	of	IN
29364	424	18	Bankers	Bankers	NNPS
29364	424	19	'	'	POS
29364	424	20	Check	check	NN
29364	424	21	]	]	-RRB-
29364	424	22	Bankers	Bankers	NNPS
29364	424	23	who	who	WP
29364	424	24	do	do	VBP
29364	424	25	a	a	DT
29364	424	26	foreign	foreign	JJ
29364	424	27	exchange	exchange	NN
29364	424	28	business	business	NN
29364	424	29	,	,	,
29364	424	30	keeping	keep	VBG
29364	424	31	large	large	JJ
29364	424	32	balances	balance	NNS
29364	424	33	in	in	IN
29364	424	34	several	several	JJ
29364	424	35	European	european	JJ
29364	424	36	centers	center	NNS
29364	424	37	,	,	,
29364	424	38	are	be	VBP
29364	424	39	continually	continually	RB
29364	424	40	drawing	draw	VBG
29364	424	41	and	and	CC
29364	424	42	selling	sell	VBG
29364	424	43	their	-PRON-	PRP$
29364	424	44	demand	demand	NN
29364	424	45	drafts--"checks	drafts--"check	NNS
29364	424	46	,	,	,
29364	424	47	"	"	``
29364	424	48	they	-PRON-	PRP
29364	424	49	are	be	VBP
29364	424	50	called	call	VBN
29364	424	51	,	,	,
29364	424	52	or	or	CC
29364	424	53	"	"	``
29364	424	54	demand"--upon	demand"--upon	VB
29364	424	55	these	these	DT
29364	424	56	foreign	foreign	JJ
29364	424	57	balances	balance	NNS
29364	424	58	.	.	.
29364	425	1	Such	such	JJ
29364	425	2	checks	check	NNS
29364	425	3	are	be	VBP
29364	425	4	always	always	RB
29364	425	5	to	to	TO
29364	425	6	be	be	VB
29364	425	7	had	have	VBN
29364	425	8	in	in	IN
29364	425	9	great	great	JJ
29364	425	10	volume	volume	NN
29364	425	11	in	in	IN
29364	425	12	the	the	DT
29364	425	13	exchange	exchange	NN
29364	425	14	market	market	NN
29364	425	15	,	,	,
29364	425	16	the	the	DT
29364	425	17	banker	banker	NN
29364	425	18	's	's	POS
29364	425	19	business	business	NN
29364	425	20	being	be	VBG
29364	425	21	to	to	TO
29364	425	22	draw	draw	VB
29364	425	23	and	and	CC
29364	425	24	sell	sell	VB
29364	425	25	exchange	exchange	NN
29364	425	26	,	,	,
29364	425	27	and	and	CC
29364	425	28	his	-PRON-	PRP$
29364	425	29	degree	degree	NN
29364	425	30	of	of	IN
29364	425	31	willingness	willingness	NN
29364	425	32	being	be	VBG
29364	425	33	merely	merely	RB
29364	425	34	a	a	DT
29364	425	35	matter	matter	NN
29364	425	36	of	of	IN
29364	425	37	rate	rate	NN
29364	425	38	.	.	.
29364	426	1	There	there	EX
29364	426	2	come	come	VB
29364	426	3	times	time	NNS
29364	426	4	,	,	,
29364	426	5	of	of	IN
29364	426	6	course	course	NN
29364	426	7	,	,	,
29364	426	8	when	when	WRB
29364	426	9	bankers	banker	NNS
29364	426	10	have	have	VBP
29364	426	11	every	every	DT
29364	426	12	reason	reason	NN
29364	426	13	to	to	TO
29364	426	14	leave	leave	VB
29364	426	15	their	-PRON-	PRP$
29364	426	16	foreign	foreign	JJ
29364	426	17	balances	balance	NNS
29364	426	18	undisturbed	undisturbed	JJ
29364	426	19	,	,	,
29364	426	20	but	but	CC
29364	426	21	even	even	RB
29364	426	22	at	at	IN
29364	426	23	such	such	JJ
29364	426	24	times	time	NNS
29364	426	25	the	the	DT
29364	426	26	bid	bid	NN
29364	426	27	of	of	IN
29364	426	28	a	a	DT
29364	426	29	high	high	JJ
29364	426	30	enough	enough	JJ
29364	426	31	rate	rate	NN
29364	426	32	will	will	MD
29364	426	33	usually	usually	RB
29364	426	34	bring	bring	VB
29364	426	35	about	about	RP
29364	426	36	the	the	DT
29364	426	37	drawing	drawing	NN
29364	426	38	of	of	IN
29364	426	39	bills	bill	NNS
29364	426	40	.	.	.
29364	427	1	6	6	CD
29364	427	2	.	.	.
29364	428	1	_	_	NNP
29364	428	2	Bankers	Bankers	NNPS
29364	428	3	'	'	POS
29364	428	4	Long	Long	NNP
29364	428	5	Drafts	Drafts	NNPS
29364	428	6	_	_	NNP
29364	428	7	[	[	-LRB-
29364	428	8	Illustration	illustration	NN
29364	428	9	:	:	:
29364	428	10	Form	form	NN
29364	428	11	of	of	IN
29364	428	12	Bankers	Bankers	NNPS
29364	428	13	'	'	POS
29364	428	14	Long	Long	NNP
29364	428	15	Draft	Draft	NNP
29364	428	16	]	]	-RRB-
29364	428	17	In	in	IN
29364	428	18	describing	describe	VBG
29364	428	19	the	the	DT
29364	428	20	nature	nature	NN
29364	428	21	of	of	IN
29364	428	22	bankers	banker	NNS
29364	428	23	'	'	POS
29364	428	24	drawings	drawing	NNS
29364	428	25	of	of	IN
29364	428	26	long	long	JJ
29364	428	27	bills	bill	NNS
29364	428	28	,	,	,
29364	428	29	great	great	JJ
29364	428	30	care	care	NN
29364	428	31	must	must	MD
29364	428	32	be	be	VB
29364	428	33	taken	take	VBN
29364	428	34	to	to	TO
29364	428	35	differentiate	differentiate	VB
29364	428	36	between	between	IN
29364	428	37	the	the	DT
29364	428	38	_	_	NNP
29364	428	39	different	different	JJ
29364	428	40	kinds	kind	NNS
29364	428	41	_	_	XX
29364	428	42	of	of	IN
29364	428	43	long	long	JJ
29364	428	44	bills	bill	NNS
29364	428	45	being	be	VBG
29364	428	46	bought	buy	VBN
29364	428	47	and	and	CC
29364	428	48	sold	sell	VBN
29364	428	49	in	in	IN
29364	428	50	the	the	DT
29364	428	51	exchange	exchange	NN
29364	428	52	market	market	NN
29364	428	53	.	.	.
29364	429	1	A	a	DT
29364	429	2	finance	finance	NN
29364	429	3	bill	bill	NN
29364	429	4	looks	look	VBZ
29364	429	5	exactly	exactly	RB
29364	429	6	the	the	DT
29364	429	7	same	same	JJ
29364	429	8	as	as	IN
29364	429	9	a	a	DT
29364	429	10	long	long	JJ
29364	429	11	bill	bill	NN
29364	429	12	drawn	draw	VBN
29364	429	13	by	by	IN
29364	429	14	a	a	DT
29364	429	15	banker	banker	NN
29364	429	16	for	for	IN
29364	429	17	a	a	DT
29364	429	18	commercial	commercial	JJ
29364	429	19	customer	customer	NN
29364	429	20	who	who	WP
29364	429	21	wants	want	VBZ
29364	429	22	to	to	TO
29364	429	23	anticipate	anticipate	VB
29364	429	24	the	the	DT
29364	429	25	payment	payment	NN
29364	429	26	abroad	abroad	RB
29364	429	27	for	for	IN
29364	429	28	an	an	DT
29364	429	29	incoming	incoming	JJ
29364	429	30	shipment	shipment	NN
29364	429	31	of	of	IN
29364	429	32	wool	wool	NN
29364	429	33	or	or	CC
29364	429	34	shellac	shellac	NNS
29364	429	35	,	,	,
29364	429	36	but	but	CC
29364	429	37	the	the	DT
29364	429	38	nature	nature	NN
29364	429	39	and	and	CC
29364	429	40	origin	origin	NN
29364	429	41	of	of	IN
29364	429	42	the	the	DT
29364	429	43	two	two	CD
29364	429	44	bills	bill	NNS
29364	429	45	are	be	VBP
29364	429	46	radically	radically	RB
29364	429	47	different	different	JJ
29364	429	48	.	.	.
29364	430	1	The	the	DT
29364	430	2	three	three	CD
29364	430	3	main	main	JJ
29364	430	4	kinds	kind	NNS
29364	430	5	of	of	IN
29364	430	6	bankers	banker	NNS
29364	430	7	'	'	POS
29364	430	8	long	long	JJ
29364	430	9	bills	bill	NNS
29364	430	10	will	will	MD
29364	430	11	thus	thus	RB
29364	430	12	be	be	VB
29364	430	13	taken	take	VBN
29364	430	14	up	up	RP
29364	430	15	in	in	IN
29364	430	16	the	the	DT
29364	430	17	following	follow	VBG
29364	430	18	order	order	NN
29364	430	19	:	:	:
29364	430	20	A.	a.	NN
29364	431	1	_	_	NNP
29364	431	2	Bills	Bills	NNP
29364	431	3	Drawn	Drawn	NNP
29364	431	4	in	in	IN
29364	431	5	the	the	DT
29364	431	6	Regular	regular	JJ
29364	431	7	Course	course	NN
29364	431	8	of	of	IN
29364	431	9	Business	Business	NNP
29364	431	10	_	_	NNP
29364	431	11	Such	Such	NNP
29364	431	12	is	be	VBZ
29364	431	13	the	the	DT
29364	431	14	nature	nature	NN
29364	431	15	of	of	IN
29364	431	16	foreign	foreign	JJ
29364	431	17	exchange	exchange	NN
29364	431	18	business	business	NN
29364	431	19	that	that	WDT
29364	431	20	bankers	banker	NNS
29364	431	21	engaged	engage	VBD
29364	431	22	in	in	IN
29364	431	23	it	-PRON-	PRP
29364	431	24	are	be	VBP
29364	431	25	continually	continually	RB
29364	431	26	drawing	draw	VBG
29364	431	27	their	-PRON-	PRP$
29364	431	28	sixty	sixty	CD
29364	431	29	and	and	CC
29364	431	30	ninety	ninety	CD
29364	431	31	days	day	NNS
29364	431	32	'	'	POS
29364	431	33	sight	sight	NN
29364	431	34	bills	bill	NNS
29364	431	35	in	in	IN
29364	431	36	response	response	NN
29364	431	37	to	to	IN
29364	431	38	their	-PRON-	PRP$
29364	431	39	own	own	JJ
29364	431	40	and	and	CC
29364	431	41	their	-PRON-	PRP$
29364	431	42	customers	customer	NNS
29364	431	43	'	'	POS
29364	431	44	needs	need	NNS
29364	431	45	.	.	.
29364	432	1	One	one	CD
29364	432	2	example	example	NN
29364	432	3	which	which	WDT
29364	432	4	might	may	MD
29364	432	5	be	be	VB
29364	432	6	cited	cite	VBN
29364	432	7	is	be	VBZ
29364	432	8	that	that	DT
29364	432	9	of	of	IN
29364	432	10	the	the	DT
29364	432	11	importer	importer	NN
29364	432	12	who	who	WP
29364	432	13	has	have	VBZ
29364	432	14	a	a	DT
29364	432	15	payment	payment	NN
29364	432	16	to	to	TO
29364	432	17	make	make	VB
29364	432	18	on	on	IN
29364	432	19	the	the	DT
29364	432	20	other	other	JJ
29364	432	21	side	side	NN
29364	432	22	,	,	,
29364	432	23	sixty	sixty	CD
29364	432	24	days	day	NNS
29364	432	25	from	from	IN
29364	432	26	now	now	RB
29364	432	27	,	,	,
29364	432	28	but	but	CC
29364	432	29	who	who	WP
29364	432	30	,	,	,
29364	432	31	having	have	VBG
29364	432	32	the	the	DT
29364	432	33	money	money	NN
29364	432	34	on	on	IN
29364	432	35	hand	hand	NN
29364	432	36	,	,	,
29364	432	37	wants	want	VBZ
29364	432	38	to	to	TO
29364	432	39	make	make	VB
29364	432	40	it	-PRON-	PRP
29364	432	41	at	at	IN
29364	432	42	once	once	RB
29364	432	43	.	.	.
29364	433	1	Under	under	IN
29364	433	2	some	some	DT
29364	433	3	circumstances	circumstance	NNS
29364	433	4	such	such	PDT
29364	433	5	an	an	DT
29364	433	6	importer	importer	NN
29364	433	7	might	may	MD
29364	433	8	remit	remit	VB
29364	433	9	a	a	DT
29364	433	10	demand	demand	NN
29364	433	11	draft	draft	NN
29364	433	12	on	on	IN
29364	433	13	the	the	DT
29364	433	14	basis	basis	NN
29364	433	15	of	of	IN
29364	433	16	receiving	receive	VBG
29364	433	17	a	a	DT
29364	433	18	rebate	rebate	NN
29364	433	19	of	of	IN
29364	433	20	interest	interest	NN
29364	433	21	for	for	IN
29364	433	22	the	the	DT
29364	433	23	unexpired	unexpired	JJ
29364	433	24	sixty	sixty	CD
29364	433	25	days	day	NNS
29364	433	26	,	,	,
29364	433	27	but	but	CC
29364	433	28	more	more	RBR
29364	433	29	likely	likely	JJ
29364	433	30	he	-PRON-	PRP
29364	433	31	would	would	MD
29364	433	32	go	go	VB
29364	433	33	to	to	IN
29364	433	34	a	a	DT
29364	433	35	banker	banker	NN
29364	433	36	and	and	CC
29364	433	37	buy	buy	VB
29364	433	38	from	from	IN
29364	433	39	him	-PRON-	PRP
29364	433	40	a	a	DT
29364	433	41	sixty	sixty	CD
29364	433	42	days	day	NNS
29364	433	43	'	'	POS
29364	433	44	sight	sight	NN
29364	433	45	draft	draft	NN
29364	433	46	for	for	IN
29364	433	47	the	the	DT
29364	433	48	exact	exact	JJ
29364	433	49	amount	amount	NN
29364	433	50	of	of	IN
29364	433	51	pounds	pound	NNS
29364	433	52	he	-PRON-	PRP
29364	433	53	owed	owe	VBD
29364	433	54	.	.	.
29364	434	1	The	the	DT
29364	434	2	cost	cost	NN
29364	434	3	of	of	IN
29364	434	4	such	such	PDT
29364	434	5	a	a	DT
29364	434	6	draft	draft	NN
29364	434	7	--	--	:
29364	434	8	which	which	WDT
29364	434	9	would	would	MD
29364	434	10	mature	mature	VB
29364	434	11	at	at	IN
29364	434	12	the	the	DT
29364	434	13	time	time	NN
29364	434	14	the	the	DT
29364	434	15	debt	debt	NN
29364	434	16	became	become	VBD
29364	434	17	due	due	JJ
29364	434	18	--	--	:
29364	434	19	would	would	MD
29364	434	20	be	be	VB
29364	434	21	less	less	JJR
29364	434	22	than	than	IN
29364	434	23	the	the	DT
29364	434	24	cost	cost	NN
29364	434	25	of	of	IN
29364	434	26	a	a	DT
29364	434	27	demand	demand	NN
29364	434	28	draft	draft	NN
29364	434	29	,	,	,
29364	434	30	the	the	DT
29364	434	31	importer	importer	NN
29364	434	32	getting	get	VBG
29364	434	33	his	-PRON-	PRP$
29364	434	34	rebate	rebate	NN
29364	434	35	of	of	IN
29364	434	36	interest	interest	NN
29364	434	37	out	out	IN
29364	434	38	of	of	IN
29364	434	39	the	the	DT
29364	434	40	cheaper	cheap	JJR
29364	434	41	price	price	NN
29364	434	42	he	-PRON-	PRP
29364	434	43	pays	pay	VBZ
29364	434	44	for	for	IN
29364	434	45	the	the	DT
29364	434	46	pounds	pound	NNS
29364	434	47	he	-PRON-	PRP
29364	434	48	needs	need	VBZ
29364	434	49	.	.	.
29364	435	1	Prepayments	prepayment	NNS
29364	435	2	of	of	IN
29364	435	3	this	this	DT
29364	435	4	sort	sort	NN
29364	435	5	are	be	VBP
29364	435	6	responsible	responsible	JJ
29364	435	7	every	every	DT
29364	435	8	day	day	NN
29364	435	9	for	for	IN
29364	435	10	very	very	RB
29364	435	11	large	large	JJ
29364	435	12	drawings	drawing	NNS
29364	435	13	of	of	IN
29364	435	14	bankers	banker	NNS
29364	435	15	'	'	POS
29364	435	16	long	long	JJ
29364	435	17	bills	bill	NNS
29364	435	18	.	.	.
29364	436	1	B.	B.	NNP
29364	437	1	_	_	NNP
29364	437	2	Long	Long	NNP
29364	437	3	Bills	Bills	NNPS
29364	437	4	Issued	issue	VBN
29364	437	5	in	in	IN
29364	437	6	the	the	DT
29364	437	7	Operation	Operation	NNP
29364	437	8	of	of	IN
29364	437	9	Lending	Lending	NNP
29364	437	10	Foreign	Foreign	NNP
29364	437	11	Money	Money	NNP
29364	437	12	_	_	NNP
29364	437	13	Bills	Bills	NNPS
29364	437	14	of	of	IN
29364	437	15	this	this	DT
29364	437	16	kind	kind	NN
29364	437	17	represent	represent	NN
29364	437	18	by	by	IN
29364	437	19	far	far	RB
29364	437	20	the	the	DT
29364	437	21	greater	great	JJR
29364	437	22	proportion	proportion	NN
29364	437	23	of	of	IN
29364	437	24	bankers	banker	NNS
29364	437	25	'	'	POS
29364	437	26	long	long	JJ
29364	437	27	bills	bill	NNS
29364	437	28	sold	sell	VBN
29364	437	29	in	in	IN
29364	437	30	the	the	DT
29364	437	31	exchange	exchange	NN
29364	437	32	market	market	NN
29364	437	33	.	.	.
29364	438	1	European	european	JJ
29364	438	2	bankers	banker	NNS
29364	438	3	keep	keep	VBP
29364	438	4	an	an	DT
29364	438	5	enormous	enormous	JJ
29364	438	6	amount	amount	NN
29364	438	7	of	of	IN
29364	438	8	floating	float	VBG
29364	438	9	capital	capital	NN
29364	438	10	loaned	loan	VBN
29364	438	11	out	out	RP
29364	438	12	in	in	IN
29364	438	13	this	this	DT
29364	438	14	market	market	NN
29364	438	15	,	,	,
29364	438	16	in	in	IN
29364	438	17	the	the	DT
29364	438	18	making	making	NN
29364	438	19	and	and	CC
29364	438	20	renewing	renewing	NN
29364	438	21	of	of	IN
29364	438	22	which	which	WDT
29364	438	23	loans	loan	NNS
29364	438	24	long	long	JJ
29364	438	25	bills	bill	NNS
29364	438	26	are	be	VBP
29364	438	27	created	create	VBN
29364	438	28	as	as	IN
29364	438	29	follows	follow	VBZ
29364	438	30	:	:	:
29364	438	31	A	a	DT
29364	438	32	banker	banker	NN
29364	438	33	on	on	IN
29364	438	34	the	the	DT
29364	438	35	other	other	JJ
29364	438	36	side	side	NN
29364	438	37	decides	decide	VBZ
29364	438	38	to	to	TO
29364	438	39	loan	loan	VB
29364	438	40	out	out	RP
29364	438	41	,	,	,
29364	438	42	say	say	UH
29364	438	43	,	,	,
29364	438	44	£	£	$
29364	438	45	100,000	100,000	CD
29364	438	46	in	in	IN
29364	438	47	the	the	DT
29364	438	48	New	New	NNP
29364	438	49	York	York	NNP
29364	438	50	market	market	NN
29364	438	51	.	.	.
29364	439	1	Arrangements	arrangement	NNS
29364	439	2	having	have	VBG
29364	439	3	been	be	VBN
29364	439	4	made	make	VBN
29364	439	5	,	,	,
29364	439	6	he	-PRON-	PRP
29364	439	7	cables	cable	VBZ
29364	439	8	his	-PRON-	PRP$
29364	439	9	New	New	NNP
29364	439	10	York	York	NNP
29364	439	11	representative	representative	NN
29364	439	12	to	to	TO
29364	439	13	draw	draw	VB
29364	439	14	ninety	ninety	CD
29364	439	15	days	day	NNS
29364	439	16	'	'	POS
29364	439	17	sight	sight	NN
29364	439	18	drafts	draft	VBZ
29364	439	19	on	on	IN
29364	439	20	him	-PRON-	PRP
29364	439	21	for	for	IN
29364	439	22	£	£	$
29364	439	23	100,000	100,000	CD
29364	439	24	,	,	,
29364	439	25	the	the	DT
29364	439	26	proceeds	proceed	NNS
29364	439	27	of	of	IN
29364	439	28	which	which	WDT
29364	439	29	drafts	draft	NNS
29364	439	30	are	be	VBP
29364	439	31	then	then	RB
29364	439	32	loaned	loan	VBN
29364	439	33	out	out	RP
29364	439	34	for	for	IN
29364	439	35	account	account	NN
29364	439	36	of	of	IN
29364	439	37	the	the	DT
29364	439	38	foreign	foreign	JJ
29364	439	39	house	house	NN
29364	439	40	.	.	.
29364	440	1	The	the	DT
29364	440	2	matter	matter	NN
29364	440	3	of	of	IN
29364	440	4	collateral	collateral	NN
29364	440	5	,	,	,
29364	440	6	risk	risk	NN
29364	440	7	of	of	IN
29364	440	8	exchange	exchange	NN
29364	440	9	and	and	CC
29364	440	10	,	,	,
29364	440	11	indeed	indeed	RB
29364	440	12	,	,	,
29364	440	13	all	all	PDT
29364	440	14	the	the	DT
29364	440	15	other	other	JJ
29364	440	16	detail	detail	NN
29364	440	17	,	,	,
29364	440	18	will	will	MD
29364	440	19	be	be	VB
29364	440	20	fully	fully	RB
29364	440	21	described	describe	VBN
29364	440	22	in	in	IN
29364	440	23	the	the	DT
29364	440	24	succeeding	succeed	VBG
29364	440	25	chapters	chapter	NNS
29364	440	26	on	on	IN
29364	440	27	how	how	WRB
29364	440	28	bankers	banker	NNS
29364	440	29	make	make	VBP
29364	440	30	money	money	NN
29364	440	31	out	out	IN
29364	440	32	of	of	IN
29364	440	33	exchange	exchange	NN
29364	440	34	.	.	.
29364	441	1	For	for	IN
29364	441	2	the	the	DT
29364	441	3	time	time	NN
29364	441	4	being	be	VBG
29364	441	5	it	-PRON-	PRP
29364	441	6	is	be	VBZ
29364	441	7	merely	merely	RB
29364	441	8	necessary	necessary	JJ
29364	441	9	to	to	TO
29364	441	10	note	note	VB
29364	441	11	that	that	IN
29364	441	12	every	every	DT
29364	441	13	time	time	NN
29364	441	14	a	a	DT
29364	441	15	loan	loan	NN
29364	441	16	of	of	IN
29364	441	17	foreign	foreign	JJ
29364	441	18	capital	capital	NN
29364	441	19	is	be	VBZ
29364	441	20	made	make	VBN
29364	441	21	here	here	RB
29364	441	22	--	--	:
29364	441	23	and	and	CC
29364	441	24	there	there	EX
29364	441	25	are	be	VBP
29364	441	26	days	day	NNS
29364	441	27	when	when	WRB
29364	441	28	millions	million	NNS
29364	441	29	of	of	IN
29364	441	30	pounds	pound	NNS
29364	441	31	are	be	VBP
29364	441	32	so	so	RB
29364	441	33	loaned	loan	VBN
29364	441	34	out	out	RP
29364	441	35	--	--	:
29364	441	36	bankers	banker	NNS
29364	441	37	'	'	POS
29364	441	38	long	long	JJ
29364	441	39	bills	bill	NNS
29364	441	40	for	for	IN
29364	441	41	the	the	DT
29364	441	42	full	full	JJ
29364	441	43	amount	amount	NN
29364	441	44	of	of	IN
29364	441	45	the	the	DT
29364	441	46	loans	loan	NNS
29364	441	47	are	be	VBP
29364	441	48	created	create	VBN
29364	441	49	and	and	CC
29364	441	50	find	find	VB
29364	441	51	their	-PRON-	PRP$
29364	441	52	way	way	NN
29364	441	53	into	into	IN
29364	441	54	the	the	DT
29364	441	55	exchange	exchange	NN
29364	441	56	market	market	NN
29364	441	57	.	.	.
29364	442	1	C.	C.	NNP
29364	442	2	_	_	NNP
29364	442	3	Bankers	Bankers	NNPS
29364	442	4	'	'	POS
29364	442	5	Long	Long	NNP
29364	442	6	Bills	Bills	NNPS
29364	442	7	Drawn	draw	VBN
29364	442	8	for	for	IN
29364	442	9	the	the	DT
29364	442	10	Purpose	Purpose	NNP
29364	442	11	of	of	IN
29364	442	12	Raising	Raising	NNP
29364	442	13	Money	Money	NNP
29364	442	14	_	_	NNP
29364	442	15	Finance	Finance	NNP
29364	442	16	bills	bill	NNS
29364	442	17	constitute	constitute	VBP
29364	442	18	the	the	DT
29364	442	19	third	third	JJ
29364	442	20	kind	kind	NN
29364	442	21	of	of	IN
29364	442	22	bankers	banker	NNS
29364	442	23	'	'	POS
29364	442	24	long	long	JJ
29364	442	25	exchange	exchange	NN
29364	442	26	.	.	.
29364	443	1	In	in	IN
29364	443	2	this	this	DT
29364	443	3	case	case	NN
29364	443	4	,	,	,
29364	443	5	again	again	RB
29364	443	6	,	,	,
29364	443	7	detailed	detailed	JJ
29364	443	8	discussion	discussion	NN
29364	443	9	must	must	MD
29364	443	10	be	be	VB
29364	443	11	put	put	VBN
29364	443	12	off	off	RP
29364	443	13	until	until	IN
29364	443	14	the	the	DT
29364	443	15	chapter	chapter	NN
29364	443	16	on	on	IN
29364	443	17	foreign	foreign	JJ
29364	443	18	-	-	HYPH
29364	443	19	exchange	exchange	NN
29364	443	20	-	-	HYPH
29364	443	21	bankers	banker	NNS
29364	443	22	'	'	POS
29364	443	23	operations	operation	NNS
29364	443	24	,	,	,
29364	443	25	but	but	CC
29364	443	26	the	the	DT
29364	443	27	fact	fact	NN
29364	443	28	that	that	IN
29364	443	29	bills	bill	NNS
29364	443	30	of	of	IN
29364	443	31	this	this	DT
29364	443	32	kind	kind	NN
29364	443	33	constitute	constitute	NN
29364	443	34	so	so	RB
29364	443	35	important	important	JJ
29364	443	36	a	a	DT
29364	443	37	part	part	NN
29364	443	38	of	of	IN
29364	443	39	the	the	DT
29364	443	40	bankers	banker	NNS
29364	443	41	'	'	POS
29364	443	42	long	long	JJ
29364	443	43	bills	bill	NNS
29364	443	44	to	to	TO
29364	443	45	be	be	VB
29364	443	46	had	have	VBN
29364	443	47	in	in	IN
29364	443	48	the	the	DT
29364	443	49	market	market	NN
29364	443	50	,	,	,
29364	443	51	necessitates	necessitate	VBZ
29364	443	52	their	-PRON-	PRP$
29364	443	53	classification	classification	NN
29364	443	54	in	in	IN
29364	443	55	this	this	DT
29364	443	56	place	place	NN
29364	443	57	.	.	.
29364	444	1	Every	every	DT
29364	444	2	time	time	NN
29364	444	3	a	a	DT
29364	444	4	banker	banker	NN
29364	444	5	here	here	RB
29364	444	6	starts	start	VBZ
29364	444	7	to	to	TO
29364	444	8	use	use	VB
29364	444	9	his	-PRON-	PRP$
29364	444	10	credit	credit	NN
29364	444	11	abroad	abroad	RB
29364	444	12	for	for	IN
29364	444	13	the	the	DT
29364	444	14	purpose	purpose	NN
29364	444	15	of	of	IN
29364	444	16	raising	raise	VBG
29364	444	17	money	money	NN
29364	444	18	--	--	:
29364	444	19	and	and	CC
29364	444	20	there	there	EX
29364	444	21	are	be	VBP
29364	444	22	times	time	NNS
29364	444	23	when	when	WRB
29364	444	24	the	the	DT
29364	444	25	privilege	privilege	NN
29364	444	26	is	be	VBZ
29364	444	27	pretty	pretty	RB
29364	444	28	freely	freely	RB
29364	444	29	availed	avail	VBN
29364	444	30	of	of	IN
29364	444	31	--	--	:
29364	444	32	he	-PRON-	PRP
29364	444	33	does	do	VBZ
29364	444	34	it	-PRON-	PRP
29364	444	35	by	by	IN
29364	444	36	drawing	draw	VBG
29364	444	37	sixty	sixty	CD
29364	444	38	or	or	CC
29364	444	39	ninety	ninety	CD
29364	444	40	days	day	NNS
29364	444	41	'	'	POS
29364	444	42	sight	sight	NN
29364	444	43	drafts	draft	VBZ
29364	444	44	on	on	IN
29364	444	45	his	-PRON-	PRP$
29364	444	46	correspondents	correspondent	NNS
29364	444	47	abroad	abroad	RB
29364	444	48	.	.	.
29364	445	1	Finance	finance	NN
29364	445	2	bills	bill	NNS
29364	445	3	,	,	,
29364	445	4	it	-PRON-	PRP
29364	445	5	may	may	MD
29364	445	6	be	be	VB
29364	445	7	said	say	VBN
29364	445	8	without	without	IN
29364	445	9	question	question	NN
29364	445	10	,	,	,
29364	445	11	are	be	VBP
29364	445	12	one	one	CD
29364	445	13	of	of	IN
29364	445	14	the	the	DT
29364	445	15	most	most	RBS
29364	445	16	interesting	interesting	JJ
29364	445	17	forms	form	NNS
29364	445	18	of	of	IN
29364	445	19	foreign	foreign	JJ
29364	445	20	exchange	exchange	NN
29364	445	21	banking	banking	NN
29364	445	22	--	--	:
29364	445	23	at	at	IN
29364	445	24	the	the	DT
29364	445	25	same	same	JJ
29364	445	26	time	time	NN
29364	445	27	one	one	CD
29364	445	28	of	of	IN
29364	445	29	the	the	DT
29364	445	30	most	most	RBS
29364	445	31	useful	useful	JJ
29364	445	32	and	and	CC
29364	445	33	one	one	CD
29364	445	34	of	of	IN
29364	445	35	the	the	DT
29364	445	36	most	most	RBS
29364	445	37	abused	abuse	VBN
29364	445	38	of	of	IN
29364	445	39	privileges	privilege	NNS
29364	445	40	coming	come	VBG
29364	445	41	to	to	IN
29364	445	42	the	the	DT
29364	445	43	domestic	domestic	JJ
29364	445	44	banker	banker	NN
29364	445	45	by	by	IN
29364	445	46	reason	reason	NN
29364	445	47	of	of	IN
29364	445	48	his	-PRON-	PRP$
29364	445	49	having	have	VBG
29364	445	50	strong	strong	JJ
29364	445	51	banking	banking	NN
29364	445	52	connections	connection	NNS
29364	445	53	abroad	abroad	RB
29364	445	54	.	.	.
29364	446	1	CHAPTER	chapter	NN
29364	446	2	V	V	NNP
29364	446	3	THE	the	DT
29364	446	4	FOREIGN	foreign	JJ
29364	446	5	EXCHANGE	EXCHANGE	NNP
29364	446	6	MARKET	market	NN
29364	446	7	The	the	DT
29364	446	8	foreign	foreign	JJ
29364	446	9	exchange	exchange	NN
29364	446	10	market	market	NN
29364	446	11	is	be	VBZ
29364	446	12	in	in	IN
29364	446	13	every	every	DT
29364	446	14	sense	sense	NN
29364	446	15	"	"	''
29364	446	16	open"--anyone	open"--anyone	NN
29364	446	17	with	with	IN
29364	446	18	bills	bill	NNS
29364	446	19	to	to	TO
29364	446	20	buy	buy	VB
29364	446	21	or	or	CC
29364	446	22	sell	sell	VB
29364	446	23	and	and	CC
29364	446	24	whose	whose	WP$
29364	446	25	credit	credit	NN
29364	446	26	is	be	VBZ
29364	446	27	all	all	RB
29364	446	28	right	right	JJ
29364	446	29	can	can	MD
29364	446	30	enter	enter	VB
29364	446	31	it	-PRON-	PRP
29364	446	32	and	and	CC
29364	446	33	do	do	VB
29364	446	34	business	business	NN
29364	446	35	on	on	IN
29364	446	36	a	a	DT
29364	446	37	par	par	NN
29364	446	38	with	with	IN
29364	446	39	anyone	anyone	NN
29364	446	40	else	else	RB
29364	446	41	.	.	.
29364	447	1	There	there	EX
29364	447	2	is	be	VBZ
29364	447	3	no	no	DT
29364	447	4	place	place	NN
29364	447	5	where	where	WRB
29364	447	6	the	the	DT
29364	447	7	trading	trading	NN
29364	447	8	is	be	VBZ
29364	447	9	done	do	VBN
29364	447	10	,	,	,
29364	447	11	no	no	DT
29364	447	12	membership	membership	NN
29364	447	13	,	,	,
29364	447	14	license	license	NN
29364	447	15	or	or	CC
29364	447	16	anything	anything	NN
29364	447	17	of	of	IN
29364	447	18	the	the	DT
29364	447	19	kind	kind	NN
29364	447	20	.	.	.
29364	448	1	The	the	DT
29364	448	2	"	"	``
29364	448	3	market	market	NN
29364	448	4	,	,	,
29364	448	5	"	"	''
29364	448	6	in	in	IN
29364	448	7	fact	fact	NN
29364	448	8	,	,	,
29364	448	9	exists	exist	VBZ
29364	448	10	in	in	IN
29364	448	11	name	name	NN
29364	448	12	only	only	RB
29364	448	13	;	;	:
29364	448	14	it	-PRON-	PRP
29364	448	15	is	be	VBZ
29364	448	16	really	really	RB
29364	448	17	constituted	constituted	JJ
29364	448	18	of	of	IN
29364	448	19	a	a	DT
29364	448	20	number	number	NN
29364	448	21	of	of	IN
29364	448	22	banks	bank	NNS
29364	448	23	,	,	,
29364	448	24	dealers	dealer	NNS
29364	448	25	and	and	CC
29364	448	26	brokers	broker	NNS
29364	448	27	,	,	,
29364	448	28	with	with	IN
29364	448	29	offices	office	NNS
29364	448	30	in	in	IN
29364	448	31	the	the	DT
29364	448	32	same	same	JJ
29364	448	33	section	section	NN
29364	448	34	of	of	IN
29364	448	35	the	the	DT
29364	448	36	city	city	NN
29364	448	37	,	,	,
29364	448	38	and	and	CC
29364	448	39	who	who	WP
29364	448	40	do	do	VBP
29364	448	41	business	business	NN
29364	448	42	indiscriminately	indiscriminately	RB
29364	448	43	among	among	IN
29364	448	44	themselves	-PRON-	PRP
29364	448	45	--	--	:
29364	448	46	sometimes	sometimes	RB
29364	448	47	personally	personally	RB
29364	448	48	,	,	,
29364	448	49	sometimes	sometimes	RB
29364	448	50	by	by	IN
29364	448	51	telephone	telephone	NN
29364	448	52	,	,	,
29364	448	53	by	by	IN
29364	448	54	messenger	messenger	NN
29364	448	55	,	,	,
29364	448	56	or	or	CC
29364	448	57	by	by	IN
29364	448	58	the	the	DT
29364	448	59	aid	aid	NN
29364	448	60	of	of	IN
29364	448	61	the	the	DT
29364	448	62	continuously	continuously	RB
29364	448	63	circulating	circulate	VBG
29364	448	64	exchange	exchange	NN
29364	448	65	brokers	broker	NNS
29364	448	66	.	.	.
29364	449	1	The	the	DT
29364	449	2	system	system	NN
29364	449	3	is	be	VBZ
29364	449	4	about	about	RB
29364	449	5	as	as	IN
29364	449	6	follows	follow	VBZ
29364	449	7	:	:	:
29364	449	8	The	the	DT
29364	449	9	larger	large	JJR
29364	449	10	banks	bank	NNS
29364	449	11	and	and	CC
29364	449	12	banking	banking	NN
29364	449	13	houses	house	NNS
29364	449	14	have	have	VBP
29364	449	15	a	a	DT
29364	449	16	foreign	foreign	JJ
29364	449	17	exchange	exchange	NN
29364	449	18	manager	manager	NN
29364	449	19	,	,	,
29364	449	20	or	or	CC
29364	449	21	partner	partner	NN
29364	449	22	,	,	,
29364	449	23	taking	take	VBG
29364	449	24	care	care	NN
29364	449	25	of	of	IN
29364	449	26	that	that	DT
29364	449	27	part	part	NN
29364	449	28	of	of	IN
29364	449	29	the	the	DT
29364	449	30	business	business	NN
29364	449	31	,	,	,
29364	449	32	whose	whose	WP$
29364	449	33	office	office	NN
29364	449	34	is	be	VBZ
29364	449	35	usually	usually	RB
29364	449	36	so	so	RB
29364	449	37	situated	situated	JJ
29364	449	38	as	as	IN
29364	449	39	to	to	TO
29364	449	40	make	make	VB
29364	449	41	him	-PRON-	PRP
29364	449	42	accessible	accessible	JJ
29364	449	43	to	to	IN
29364	449	44	the	the	DT
29364	449	45	brokers	broker	NNS
29364	449	46	who	who	WP
29364	449	47	come	come	VBP
29364	449	48	in	in	RP
29364	449	49	from	from	IN
29364	449	50	the	the	DT
29364	449	51	outside	outside	NN
29364	449	52	,	,	,
29364	449	53	and	and	CC
29364	449	54	whose	whose	WP$
29364	449	55	telephoning	telephone	VBG
29364	449	56	and	and	CC
29364	449	57	wiring	wiring	JJ
29364	449	58	facilities	facility	NNS
29364	449	59	are	be	VBP
29364	449	60	very	very	RB
29364	449	61	complete	complete	JJ
29364	449	62	.	.	.
29364	450	1	These	these	DT
29364	450	2	larger	large	JJR
29364	450	3	houses	house	NNS
29364	450	4	have	have	VBP
29364	450	5	no	no	DT
29364	450	6	brokers	broker	NNS
29364	450	7	or	or	CC
29364	450	8	"	"	``
29364	450	9	outside	outside	JJ
29364	450	10	"	"	''
29364	450	11	men	man	NNS
29364	450	12	in	in	IN
29364	450	13	their	-PRON-	PRP$
29364	450	14	employ	employ	NN
29364	450	15	.	.	.
29364	451	1	The	the	DT
29364	451	2	manager	manager	NN
29364	451	3	knows	know	VBZ
29364	451	4	very	very	RB
29364	451	5	well	well	RB
29364	451	6	that	that	IN
29364	451	7	plenty	plenty	NN
29364	451	8	of	of	IN
29364	451	9	chance	chance	NN
29364	451	10	to	to	TO
29364	451	11	do	do	VB
29364	451	12	business	business	NN
29364	451	13	,	,	,
29364	451	14	buying	buy	VBG
29364	451	15	or	or	CC
29364	451	16	selling	selling	NN
29364	451	17	,	,	,
29364	451	18	will	will	MD
29364	451	19	be	be	VB
29364	451	20	brought	bring	VBN
29364	451	21	in	in	RP
29364	451	22	to	to	IN
29364	451	23	him	-PRON-	PRP
29364	451	24	by	by	IN
29364	451	25	the	the	DT
29364	451	26	brokers	broker	NNS
29364	451	27	and	and	CC
29364	451	28	that	that	IN
29364	451	29	his	-PRON-	PRP$
29364	451	30	wires	wire	NNS
29364	451	31	keep	keep	VBP
29364	451	32	him	-PRON-	PRP
29364	451	33	constantly	constantly	RB
29364	451	34	in	in	IN
29364	451	35	touch	touch	NN
29364	451	36	with	with	IN
29364	451	37	his	-PRON-	PRP$
29364	451	38	fellow	fellow	JJ
29364	451	39	bankers	banker	NNS
29364	451	40	.	.	.
29364	452	1	Next	next	RB
29364	452	2	come	come	VB
29364	452	3	the	the	DT
29364	452	4	big	big	JJ
29364	452	5	dealers	dealer	NNS
29364	452	6	in	in	IN
29364	452	7	exchange	exchange	NN
29364	452	8	,	,	,
29364	452	9	some	some	DT
29364	452	10	of	of	IN
29364	452	11	whom	whom	WP
29364	452	12	do	do	VBP
29364	452	13	a	a	DT
29364	452	14	regular	regular	JJ
29364	452	15	exchange	exchange	NN
29364	452	16	business	business	NN
29364	452	17	of	of	IN
29364	452	18	their	-PRON-	PRP$
29364	452	19	own	own	JJ
29364	452	20	,	,	,
29364	452	21	the	the	DT
29364	452	22	same	same	JJ
29364	452	23	as	as	IN
29364	452	24	the	the	DT
29364	452	25	bankers	banker	NNS
29364	452	26	,	,	,
29364	452	27	but	but	CC
29364	452	28	who	who	WP
29364	452	29	also	also	RB
29364	452	30	have	have	VBP
29364	452	31	men	man	NNS
29364	452	32	out	out	RP
29364	452	33	on	on	IN
29364	452	34	the	the	DT
29364	452	35	street	street	NN
29364	452	36	"	"	``
29364	452	37	trading	trading	NN
29364	452	38	"	"	''
29364	452	39	between	between	IN
29364	452	40	large	large	JJ
29364	452	41	buyers	buyer	NNS
29364	452	42	and	and	CC
29364	452	43	sellers	seller	NNS
29364	452	44	of	of	IN
29364	452	45	bills	bill	NNS
29364	452	46	.	.	.
29364	453	1	Such	such	JJ
29364	453	2	houses	house	NNS
29364	453	3	are	be	VBP
29364	453	4	necessarily	necessarily	RB
29364	453	5	closely	closely	RB
29364	453	6	in	in	IN
29364	453	7	touch	touch	NN
29364	453	8	with	with	IN
29364	453	9	banks	bank	NNS
29364	453	10	,	,	,
29364	453	11	bankers	banker	NNS
29364	453	12	,	,	,
29364	453	13	exporters	exporter	NNS
29364	453	14	,	,	,
29364	453	15	and	and	CC
29364	453	16	importers	importer	NNS
29364	453	17	all	all	RB
29364	453	18	over	over	IN
29364	453	19	the	the	DT
29364	453	20	country	country	NN
29364	453	21	,	,	,
29364	453	22	and	and	CC
29364	453	23	have	have	VBP
29364	453	24	always	always	RB
29364	453	25	large	large	JJ
29364	453	26	orders	order	NNS
29364	453	27	on	on	IN
29364	453	28	hand	hand	NN
29364	453	29	to	to	TO
29364	453	30	buy	buy	VB
29364	453	31	and	and	CC
29364	453	32	sell	sell	VB
29364	453	33	exchange	exchange	NN
29364	453	34	.	.	.
29364	454	1	Some	some	DT
29364	454	2	of	of	IN
29364	454	3	the	the	DT
29364	454	4	bills	bill	NNS
29364	454	5	they	-PRON-	PRP
29364	454	6	handle	handle	VBP
29364	454	7	they	-PRON-	PRP
29364	454	8	buy	buy	VBP
29364	454	9	and	and	CC
29364	454	10	use	use	VBP
29364	454	11	for	for	IN
29364	454	12	the	the	DT
29364	454	13	conduct	conduct	NN
29364	454	14	of	of	IN
29364	454	15	their	-PRON-	PRP$
29364	454	16	own	own	JJ
29364	454	17	business	business	NN
29364	454	18	with	with	IN
29364	454	19	banks	bank	NNS
29364	454	20	abroad	abroad	RB
29364	454	21	,	,	,
29364	454	22	but	but	CC
29364	454	23	the	the	DT
29364	454	24	more	more	RBR
29364	454	25	important	important	JJ
29364	454	26	part	part	NN
29364	454	27	of	of	IN
29364	454	28	what	what	WP
29364	454	29	they	-PRON-	PRP
29364	454	30	do	do	VBP
29364	454	31	is	be	VBZ
29364	454	32	to	to	TO
29364	454	33	deal	deal	VB
29364	454	34	in	in	IN
29364	454	35	foreign	foreign	JJ
29364	454	36	exchange	exchange	NN
29364	454	37	among	among	IN
29364	454	38	the	the	DT
29364	454	39	banks	bank	NNS
29364	454	40	.	.	.
29364	455	1	They	-PRON-	PRP
29364	455	2	are	be	VBP
29364	455	3	known	know	VBN
29364	455	4	as	as	IN
29364	455	5	always	always	RB
29364	455	6	having	have	VBG
29364	455	7	on	on	IN
29364	455	8	hand	hand	NN
29364	455	9	for	for	IN
29364	455	10	sale	sale	JJ
29364	455	11	large	large	JJ
29364	455	12	lines	line	NNS
29364	455	13	of	of	IN
29364	455	14	commercial	commercial	JJ
29364	455	15	and	and	CC
29364	455	16	bankers	banker	NNS
29364	455	17	'	'	POS
29364	455	18	bills	bill	NNS
29364	455	19	,	,	,
29364	455	20	while	while	IN
29364	455	21	on	on	IN
29364	455	22	the	the	DT
29364	455	23	other	other	JJ
29364	455	24	hand	hand	NN
29364	455	25	they	-PRON-	PRP
29364	455	26	are	be	VBP
29364	455	27	always	always	RB
29364	455	28	ready	ready	JJ
29364	455	29	to	to	TO
29364	455	30	buy	buy	VB
29364	455	31	,	,	,
29364	455	32	at	at	IN
29364	455	33	the	the	DT
29364	455	34	right	right	JJ
29364	455	35	price	price	NN
29364	455	36	.	.	.
29364	456	1	After	after	IN
29364	456	2	this	this	DT
29364	456	3	class	class	NN
29364	456	4	of	of	IN
29364	456	5	houses	house	NNS
29364	456	6	come	come	VBP
29364	456	7	the	the	DT
29364	456	8	regular	regular	JJ
29364	456	9	brokers	broker	NNS
29364	456	10	--	--	:
29364	456	11	the	the	DT
29364	456	12	independent	independent	JJ
29364	456	13	and	and	CC
29364	456	14	unattached	unattached	JJ
29364	456	15	individuals	individual	NNS
29364	456	16	who	who	WP
29364	456	17	spend	spend	VBP
29364	456	18	their	-PRON-	PRP$
29364	456	19	time	time	NN
29364	456	20	trying	try	VBG
29364	456	21	to	to	TO
29364	456	22	bring	bring	VB
29364	456	23	buyer	buyer	NN
29364	456	24	and	and	CC
29364	456	25	seller	seller	NN
29364	456	26	together	together	RB
29364	456	27	,	,	,
29364	456	28	and	and	CC
29364	456	29	make	make	VB
29364	456	30	a	a	DT
29364	456	31	commission	commission	NN
29364	456	32	out	out	IN
29364	456	33	of	of	IN
29364	456	34	doing	do	VBG
29364	456	35	it	-PRON-	PRP
29364	456	36	.	.	.
29364	457	1	In	in	IN
29364	457	2	a	a	DT
29364	457	3	market	market	NN
29364	457	4	like	like	IN
29364	457	5	New	New	NNP
29364	457	6	York	York	NNP
29364	457	7	the	the	DT
29364	457	8	number	number	NN
29364	457	9	of	of	IN
29364	457	10	exchange	exchange	NN
29364	457	11	brokers	broker	NNS
29364	457	12	is	be	VBZ
29364	457	13	very	very	RB
29364	457	14	large	large	JJ
29364	457	15	.	.	.
29364	458	1	Like	like	IN
29364	458	2	bond	bond	NN
29364	458	3	-	-	HYPH
29364	458	4	brokerage	brokerage	NN
29364	458	5	,	,	,
29364	458	6	the	the	DT
29364	458	7	business	business	NN
29364	458	8	requires	require	VBZ
29364	458	9	little	little	JJ
29364	458	10	in	in	IN
29364	458	11	the	the	DT
29364	458	12	way	way	NN
29364	458	13	of	of	IN
29364	458	14	office	office	NN
29364	458	15	facilities	facility	NNS
29364	458	16	or	or	CC
29364	458	17	capital	capital	NN
29364	458	18	,	,	,
29364	458	19	and	and	CC
29364	458	20	is	be	VBZ
29364	458	21	attractive	attractive	JJ
29364	458	22	to	to	IN
29364	458	23	a	a	DT
29364	458	24	good	good	JJ
29364	458	25	many	many	JJ
29364	458	26	persons	person	NNS
29364	458	27	who	who	WP
29364	458	28	are	be	VBP
29364	458	29	willing	willing	JJ
29364	458	30	to	to	TO
29364	458	31	accept	accept	VB
29364	458	32	the	the	DT
29364	458	33	small	small	JJ
29364	458	34	income	income	NN
29364	458	35	to	to	TO
29364	458	36	be	be	VB
29364	458	37	made	make	VBN
29364	458	38	out	out	IN
29364	458	39	of	of	IN
29364	458	40	it	-PRON-	PRP
29364	458	41	in	in	IN
29364	458	42	return	return	NN
29364	458	43	for	for	IN
29364	458	44	being	be	VBG
29364	458	45	in	in	IN
29364	458	46	a	a	DT
29364	458	47	business	business	NN
29364	458	48	where	where	WRB
29364	458	49	they	-PRON-	PRP
29364	458	50	are	be	VBP
29364	458	51	independent	independent	JJ
29364	458	52	.	.	.
29364	459	1	Foreign	foreign	JJ
29364	459	2	exchange	exchange	NN
29364	459	3	brokerage	brokerage	NN
29364	459	4	,	,	,
29364	459	5	like	like	IN
29364	459	6	all	all	DT
29364	459	7	other	other	JJ
29364	459	8	employment	employment	NN
29364	459	9	of	of	IN
29364	459	10	the	the	DT
29364	459	11	middleman	middleman	NN
29364	459	12	,	,	,
29364	459	13	is	be	VBZ
29364	459	14	not	not	RB
29364	459	15	what	what	WP
29364	459	16	it	-PRON-	PRP
29364	459	17	used	use	VBD
29364	459	18	to	to	TO
29364	459	19	be	be	VB
29364	459	20	.	.	.
29364	460	1	Before	before	IN
29364	460	2	the	the	DT
29364	460	3	business	business	NN
29364	460	4	became	become	VBD
29364	460	5	overcrowded	overcrowded	JJ
29364	460	6	as	as	IN
29364	460	7	it	-PRON-	PRP
29364	460	8	is	be	VBZ
29364	460	9	now	now	RB
29364	460	10	,	,	,
29364	460	11	exchange	exchange	NN
29364	460	12	brokers	broker	NNS
29364	460	13	made	make	VBD
29364	460	14	their	-PRON-	PRP$
29364	460	15	quarter	quarter	NN
29364	460	16	-	-	HYPH
29364	460	17	cent	cent	NN
29364	460	18	in	in	IN
29364	460	19	the	the	DT
29364	460	20	pound	pound	NN
29364	460	21	commission	commission	NN
29364	460	22	,	,	,
29364	460	23	and	and	CC
29364	460	24	could	could	MD
29364	460	25	depend	depend	VB
29364	460	26	on	on	IN
29364	460	27	a	a	DT
29364	460	28	respectable	respectable	JJ
29364	460	29	income	income	NN
29364	460	30	.	.	.
29364	461	1	But	but	CC
29364	461	2	nowadays	nowadays	RB
29364	461	3	brokers	broker	NNS
29364	461	4	swarm	swarm	JJ
29364	461	5	among	among	IN
29364	461	6	the	the	DT
29364	461	7	foreign	foreign	JJ
29364	461	8	exchange	exchange	NN
29364	461	9	bankers	banker	NNS
29364	461	10	and	and	CC
29364	461	11	dealers	dealer	NNS
29364	461	12	,	,	,
29364	461	13	doing	do	VBG
29364	461	14	business	business	NN
29364	461	15	on	on	IN
29364	461	16	any	any	DT
29364	461	17	commission	commission	NN
29364	461	18	they	-PRON-	PRP
29364	461	19	can	can	MD
29364	461	20	get	get	VB
29364	461	21	,	,	,
29364	461	22	which	which	WDT
29364	461	23	is	be	VBZ
29364	461	24	not	not	RB
29364	461	25	infrequently	infrequently	RB
29364	461	26	as	as	RB
29364	461	27	little	little	JJ
29364	461	28	as	as	IN
29364	461	29	1/128	1/128	CD
29364	461	30	of	of	IN
29364	461	31	one	one	CD
29364	461	32	per	per	IN
29364	461	33	cent	cent	NN
29364	461	34	.	.	.
29364	461	35	,	,	,
29364	461	36	say	say	UH
29364	461	37	,	,	,
29364	461	38	$	$	$
29364	461	39	1.50	1.50	CD
29364	461	40	,	,	,
29364	461	41	for	for	IN
29364	461	42	buying	buy	VBG
29364	461	43	or	or	CC
29364	461	44	selling	sell	VBG
29364	461	45	francs	franc	NNS
29364	461	46	100,000	100,000	CD
29364	461	47	.	.	.
29364	462	1	In	in	IN
29364	462	2	handling	handle	VBG
29364	462	3	sterling	sterling	NN
29364	462	4	,	,	,
29364	462	5	the	the	DT
29364	462	6	broker	broker	NN
29364	462	7	is	be	VBZ
29364	462	8	lucky	lucky	JJ
29364	462	9	if	if	IN
29364	462	10	he	-PRON-	PRP
29364	462	11	makes	make	VBZ
29364	462	12	his	-PRON-	PRP$
29364	462	13	five	five	CD
29364	462	14	points	point	NNS
29364	462	15	(	(	-LRB-
29364	462	16	5/100	5/100	CD
29364	462	17	of	of	IN
29364	462	18	a	a	DT
29364	462	19	cent	cent	NN
29364	462	20	per	per	IN
29364	462	21	pound	pound	NN
29364	462	22	)	)	-RRB-
29364	462	23	,	,	,
29364	462	24	which	which	WDT
29364	462	25	means	mean	VBZ
29364	462	26	that	that	IN
29364	462	27	for	for	IN
29364	462	28	turning	turn	VBG
29364	462	29	over	over	RP
29364	462	30	£	£	$
29364	462	31	10,000	10,000	CD
29364	462	32	he	-PRON-	PRP
29364	462	33	would	would	MD
29364	462	34	be	be	VB
29364	462	35	rewarded	reward	VBN
29364	462	36	with	with	IN
29364	462	37	the	the	DT
29364	462	38	sum	sum	NN
29364	462	39	of	of	IN
29364	462	40	$	$	$
29364	462	41	5	5	CD
29364	462	42	.	.	.
29364	463	1	Under	under	IN
29364	463	2	such	such	JJ
29364	463	3	conditions	condition	NNS
29364	463	4	it	-PRON-	PRP
29364	463	5	is	be	VBZ
29364	463	6	not	not	RB
29364	463	7	difficult	difficult	JJ
29364	463	8	to	to	TO
29364	463	9	see	see	VB
29364	463	10	how	how	WRB
29364	463	11	hard	hard	JJ
29364	463	12	it	-PRON-	PRP
29364	463	13	is	be	VBZ
29364	463	14	to	to	TO
29364	463	15	make	make	VB
29364	463	16	any	any	DT
29364	463	17	money	money	NN
29364	463	18	to	to	TO
29364	463	19	speak	speak	VB
29364	463	20	of	of	IN
29364	463	21	out	out	IN
29364	463	22	of	of	IN
29364	463	23	foreign	foreign	JJ
29364	463	24	exchange	exchange	NN
29364	463	25	brokerage	brokerage	NN
29364	463	26	.	.	.
29364	464	1	The	the	DT
29364	464	2	dealers	dealer	NNS
29364	464	3	,	,	,
29364	464	4	of	of	IN
29364	464	5	course	course	NN
29364	464	6	,	,	,
29364	464	7	fare	fare	VBP
29364	464	8	much	much	RB
29364	464	9	better	well	RBR
29364	464	10	.	.	.
29364	465	1	Handling	handle	VBG
29364	465	2	commercial	commercial	JJ
29364	465	3	bills	bill	NNS
29364	465	4	where	where	WRB
29364	465	5	the	the	DT
29364	465	6	question	question	NN
29364	465	7	of	of	IN
29364	465	8	credit	credit	NN
29364	465	9	affects	affect	VBZ
29364	465	10	the	the	DT
29364	465	11	price	price	NN
29364	465	12	,	,	,
29364	465	13	they	-PRON-	PRP
29364	465	14	have	have	VBP
29364	465	15	a	a	DT
29364	465	16	chance	chance	NN
29364	465	17	to	to	TO
29364	465	18	make	make	VB
29364	465	19	more	more	JJR
29364	465	20	of	of	IN
29364	465	21	a	a	DT
29364	465	22	profit	profit	NN
29364	465	23	,	,	,
29364	465	24	and	and	CC
29364	465	25	buying	buy	VBG
29364	465	26	and	and	CC
29364	465	27	selling	sell	VBG
29364	465	28	bills	bill	NNS
29364	465	29	for	for	IN
29364	465	30	their	-PRON-	PRP$
29364	465	31	own	own	JJ
29364	465	32	account	account	NN
29364	465	33	they	-PRON-	PRP
29364	465	34	naturally	naturally	RB
29364	465	35	are	be	VBP
29364	465	36	entitled	entitle	VBN
29364	465	37	to	to	TO
29364	465	38	make	make	VB
29364	465	39	more	more	JJR
29364	465	40	than	than	IN
29364	465	41	the	the	DT
29364	465	42	man	man	NN
29364	465	43	without	without	IN
29364	465	44	capital	capital	NN
29364	465	45	,	,	,
29364	465	46	who	who	WP
29364	465	47	simply	simply	RB
29364	465	48	tries	try	VBZ
29364	465	49	to	to	TO
29364	465	50	get	get	VB
29364	465	51	in	in	RP
29364	465	52	between	between	IN
29364	465	53	the	the	DT
29364	465	54	buyer	buyer	NN
29364	465	55	and	and	CC
29364	465	56	the	the	DT
29364	465	57	seller	seller	NN
29364	465	58	.	.	.
29364	466	1	Dealing	deal	VBG
29364	466	2	in	in	IN
29364	466	3	exchange	exchange	NN
29364	466	4	,	,	,
29364	466	5	especially	especially	RB
29364	466	6	for	for	IN
29364	466	7	out	out	JJ
29364	466	8	-	-	HYPH
29364	466	9	of	of	IN
29364	466	10	-	-	HYPH
29364	466	11	town	town	NN
29364	466	12	clients	client	NNS
29364	466	13	,	,	,
29364	466	14	is	be	VBZ
29364	466	15	a	a	DT
29364	466	16	highly	highly	RB
29364	466	17	profitable	profitable	JJ
29364	466	18	business	business	NN
29364	466	19	,	,	,
29364	466	20	but	but	CC
29364	466	21	one	one	CD
29364	466	22	which	which	WDT
29364	466	23	takes	take	VBZ
29364	466	24	time	time	NN
29364	466	25	,	,	,
29364	466	26	brains	brain	NNS
29364	466	27	,	,	,
29364	466	28	experience	experience	NN
29364	466	29	and	and	CC
29364	466	30	money	money	NN
29364	466	31	to	to	TO
29364	466	32	build	build	VB
29364	466	33	up	up	RP
29364	466	34	.	.	.
29364	467	1	Dealers	dealer	NNS
29364	467	2	representing	represent	VBG
29364	467	3	large	large	JJ
29364	467	4	out	out	RP
29364	467	5	-	-	HYPH
29364	467	6	of	of	IN
29364	467	7	-	-	HYPH
29364	467	8	town	town	NN
29364	467	9	sellers	seller	NNS
29364	467	10	of	of	IN
29364	467	11	exchange	exchange	NN
29364	467	12	are	be	VBP
29364	467	13	very	very	RB
29364	467	14	much	much	RB
29364	467	15	in	in	IN
29364	467	16	the	the	DT
29364	467	17	position	position	NN
29364	467	18	of	of	IN
29364	467	19	the	the	DT
29364	467	20	New	New	NNP
29364	467	21	York	York	NNP
29364	467	22	agents	agent	NNS
29364	467	23	of	of	IN
29364	467	24	manufacturing	manufacture	VBG
29364	467	25	companies	company	NNS
29364	467	26	who	who	WP
29364	467	27	sell	sell	VBP
29364	467	28	goods	good	NNS
29364	467	29	on	on	IN
29364	467	30	commission	commission	NN
29364	467	31	.	.	.
29364	468	1	There	there	EX
29364	468	2	being	be	VBG
29364	468	3	no	no	DT
29364	468	4	regular	regular	JJ
29364	468	5	market	market	NN
29364	468	6	in	in	IN
29364	468	7	which	which	WDT
29364	468	8	foreign	foreign	JJ
29364	468	9	exchange	exchange	NN
29364	468	10	rates	rate	NNS
29364	468	11	are	be	VBP
29364	468	12	made	make	VBN
29364	468	13	,	,	,
29364	468	14	it	-PRON-	PRP
29364	468	15	follows	follow	VBZ
29364	468	16	that	that	IN
29364	468	17	the	the	DT
29364	468	18	establishment	establishment	NN
29364	468	19	of	of	IN
29364	468	20	rates	rate	NNS
29364	468	21	each	each	DT
29364	468	22	morning	morning	NN
29364	468	23	and	and	CC
29364	468	24	during	during	IN
29364	468	25	the	the	DT
29364	468	26	course	course	NN
29364	468	27	of	of	IN
29364	468	28	each	each	DT
29364	468	29	day	day	NN
29364	468	30	will	will	MD
29364	468	31	be	be	VB
29364	468	32	according	accord	VBG
29364	468	33	to	to	IN
29364	468	34	the	the	DT
29364	468	35	supply	supply	NN
29364	468	36	and	and	CC
29364	468	37	demand	demand	NN
29364	468	38	for	for	IN
29364	468	39	bills	bill	NNS
29364	468	40	.	.	.
29364	469	1	On	on	IN
29364	469	2	any	any	DT
29364	469	3	given	give	VBN
29364	469	4	morning	morning	NN
29364	469	5	by	by	IN
29364	469	6	ten	ten	CD
29364	469	7	o'clock	o'clock	NN
29364	469	8	the	the	DT
29364	469	9	bankers	banker	NNS
29364	469	10	will	will	MD
29364	469	11	all	all	RB
29364	469	12	have	have	VB
29364	469	13	received	receive	VBN
29364	469	14	their	-PRON-	PRP$
29364	469	15	cables	cable	NNS
29364	469	16	quoting	quote	VBG
29364	469	17	money	money	NN
29364	469	18	and	and	CC
29364	469	19	exchange	exchange	NN
29364	469	20	rates	rate	NNS
29364	469	21	in	in	IN
29364	469	22	the	the	DT
29364	469	23	foreign	foreign	JJ
29364	469	24	centers	center	NNS
29364	469	25	,	,	,
29364	469	26	and	and	CC
29364	469	27	will	will	MD
29364	469	28	all	all	RB
29364	469	29	have	have	VB
29364	469	30	pretty	pretty	RB
29364	469	31	well	well	RB
29364	469	32	made	make	VBN
29364	469	33	up	up	RP
29364	469	34	their	-PRON-	PRP$
29364	469	35	minds	mind	NNS
29364	469	36	as	as	IN
29364	469	37	to	to	IN
29364	469	38	what	what	WP
29364	469	39	the	the	DT
29364	469	40	rate	rate	NN
29364	469	41	for	for	IN
29364	469	42	demand	demand	NN
29364	469	43	bills	bill	NNS
29364	469	44	on	on	IN
29364	469	45	London	London	NNP
29364	469	46	ought	ought	MD
29364	469	47	to	to	TO
29364	469	48	be	be	VB
29364	469	49	.	.	.
29364	470	1	A	a	DT
29364	470	2	banker	banker	NN
29364	470	3	,	,	,
29364	470	4	for	for	IN
29364	470	5	instance	instance	NN
29364	470	6	,	,	,
29364	470	7	has	have	VBZ
29364	470	8	£	£	$
29364	470	9	10,000	10,000	CD
29364	470	10	he	-PRON-	PRP
29364	470	11	wants	want	VBZ
29364	470	12	to	to	TO
29364	470	13	sell	sell	VB
29364	470	14	as	as	RB
29364	470	15	early	early	RB
29364	470	16	in	in	IN
29364	470	17	the	the	DT
29364	470	18	morning	morning	NN
29364	470	19	as	as	IN
29364	470	20	possible	possible	JJ
29364	470	21	,	,	,
29364	470	22	and	and	CC
29364	470	23	from	from	IN
29364	470	24	his	-PRON-	PRP$
29364	470	25	foreign	foreign	JJ
29364	470	26	cables	cable	NNS
29364	470	27	figures	figure	NNS
29364	470	28	that	that	IN
29364	470	29	4.86	4.86	CD
29364	470	30	is	be	VBZ
29364	470	31	about	about	IN
29364	470	32	the	the	DT
29364	470	33	right	right	JJ
29364	470	34	price	price	NN
29364	470	35	.	.	.
29364	471	1	He	-PRON-	PRP
29364	471	2	offers	offer	VBZ
29364	471	3	it	-PRON-	PRP
29364	471	4	at	at	IN
29364	471	5	that	that	DT
29364	471	6	,	,	,
29364	471	7	but	but	CC
29364	471	8	learns	learn	VBZ
29364	471	9	that	that	IN
29364	471	10	another	another	DT
29364	471	11	banker	banker	NN
29364	471	12	is	be	VBZ
29364	471	13	offering	offer	VBG
29364	471	14	exchange	exchange	NN
29364	471	15	at	at	IN
29364	471	16	4.8595	4.8595	CD
29364	471	17	.	.	.
29364	472	1	He	-PRON-	PRP
29364	472	2	offers	offer	VBZ
29364	472	3	his	-PRON-	PRP$
29364	472	4	own	own	JJ
29364	472	5	at	at	IN
29364	472	6	that	that	DT
29364	472	7	price	price	NN
29364	472	8	,	,	,
29364	472	9	and	and	CC
29364	472	10	somebody	somebody	NN
29364	472	11	comes	come	VBZ
29364	472	12	along	along	RB
29364	472	13	,	,	,
29364	472	14	taking	take	VBG
29364	472	15	both	both	DT
29364	472	16	lots	lot	NNS
29364	472	17	and	and	CC
29364	472	18	bidding	bid	VBG
29364	472	19	4.86	4.86	CD
29364	472	20	for	for	IN
29364	472	21	£	£	$
29364	472	22	50,000	50,000	CD
29364	472	23	more	more	JJR
29364	472	24	.	.	.
29364	473	1	Somebody	somebody	NN
29364	473	2	else	else	RB
29364	473	3	bids	bid	VBZ
29364	473	4	4.86	4.86	CD
29364	473	5	for	for	IN
29364	473	6	other	other	JJ
29364	473	7	large	large	JJ
29364	473	8	lots	lot	NNS
29364	473	9	,	,	,
29364	473	10	refusing	refuse	VBG
29364	473	11	,	,	,
29364	473	12	however	however	RB
29364	473	13	,	,	,
29364	473	14	to	to	TO
29364	473	15	pay	pay	VB
29364	473	16	4.8605	4.8605	CD
29364	473	17	.	.	.
29364	474	1	The	the	DT
29364	474	2	market	market	NN
29364	474	3	is	be	VBZ
29364	474	4	established	establish	VBN
29364	474	5	at	at	IN
29364	474	6	that	that	DT
29364	474	7	point	point	NN
29364	474	8	.	.	.
29364	475	1	For	for	IN
29364	475	2	the	the	DT
29364	475	3	time	time	NN
29364	475	4	being	be	VBG
29364	475	5	.	.	.
29364	476	1	A	a	DT
29364	476	2	cable	cable	NN
29364	476	3	message	message	NN
29364	476	4	from	from	IN
29364	476	5	abroad	abroad	RB
29364	476	6	may	may	MD
29364	476	7	induce	induce	VB
29364	476	8	some	some	DT
29364	476	9	banker	banker	NN
29364	476	10	to	to	TO
29364	476	11	bid	bid	VB
29364	476	12	4.8605	4.8605	CD
29364	476	13	or	or	CC
29364	476	14	4.8610	4.8610	CD
29364	476	15	,	,	,
29364	476	16	or	or	CC
29364	476	17	it	-PRON-	PRP
29364	476	18	may	may	MD
29364	476	19	cause	cause	VB
29364	476	20	him	-PRON-	PRP
29364	476	21	to	to	TO
29364	476	22	throw	throw	VB
29364	476	23	on	on	RP
29364	476	24	the	the	DT
29364	476	25	market	market	NN
29364	476	26	such	such	PDT
29364	476	27	an	an	DT
29364	476	28	amount	amount	NN
29364	476	29	of	of	IN
29364	476	30	exchange	exchange	NN
29364	476	31	as	as	IN
29364	476	32	may	may	MD
29364	476	33	break	break	VB
29364	476	34	the	the	DT
29364	476	35	price	price	NN
29364	476	36	down	down	RB
29364	476	37	to	to	IN
29364	476	38	4.85	4.85	CD
29364	476	39	-	-	HYPH
29364	476	40	3/4	3/4	CD
29364	476	41	.	.	.
29364	477	1	Rates	rate	NNS
29364	477	2	are	be	VBP
29364	477	3	constantly	constantly	RB
29364	477	4	changing	change	VBG
29364	477	5	,	,	,
29364	477	6	and	and	CC
29364	477	7	changing	change	VBG
29364	477	8	at	at	IN
29364	477	9	times	time	NNS
29364	477	10	almost	almost	RB
29364	477	11	from	from	IN
29364	477	12	minute	minute	NN
29364	477	13	to	to	IN
29364	477	14	minute	minute	NN
29364	477	15	.	.	.
29364	478	1	Yet	yet	RB
29364	478	2	so	so	RB
29364	478	3	complete	complete	JJ
29364	478	4	is	be	VBZ
29364	478	5	the	the	DT
29364	478	6	system	system	NN
29364	478	7	of	of	IN
29364	478	8	telephones	telephone	NNS
29364	478	9	and	and	CC
29364	478	10	brokers	broker	NNS
29364	478	11	that	that	IN
29364	478	12	any	any	DT
29364	478	13	exchange	exchange	NN
29364	478	14	manager	manager	NN
29364	478	15	can	can	MD
29364	478	16	tell	tell	VB
29364	478	17	just	just	RB
29364	478	18	about	about	IN
29364	478	19	what	what	WP
29364	478	20	is	be	VBZ
29364	478	21	taking	take	VBG
29364	478	22	place	place	NN
29364	478	23	in	in	IN
29364	478	24	any	any	DT
29364	478	25	other	other	JJ
29364	478	26	part	part	NN
29364	478	27	of	of	IN
29364	478	28	the	the	DT
29364	478	29	market	market	NN
29364	478	30	.	.	.
29364	479	1	Not	not	RB
29364	479	2	infrequently	infrequently	RB
29364	479	3	,	,	,
29364	479	4	of	of	IN
29364	479	5	course	course	NN
29364	479	6	,	,	,
29364	479	7	sales	sale	NNS
29364	479	8	are	be	VBP
29364	479	9	made	make	VBN
29364	479	10	simultaneously	simultaneously	RB
29364	479	11	at	at	IN
29364	479	12	slightly	slightly	RB
29364	479	13	different	different	JJ
29364	479	14	rates	rate	NNS
29364	479	15	,	,	,
29364	479	16	but	but	CC
29364	479	17	,	,	,
29364	479	18	as	as	IN
29364	479	19	a	a	DT
29364	479	20	rule	rule	NN
29364	479	21	,	,	,
29364	479	22	if	if	IN
29364	479	23	a	a	DT
29364	479	24	trade	trade	NN
29364	479	25	is	be	VBZ
29364	479	26	made	make	VBN
29364	479	27	at	at	IN
29364	479	28	4.86	4.86	CD
29364	479	29	on	on	IN
29364	479	30	Cedar	Cedar	NNP
29364	479	31	Street	Street	NNP
29364	479	32	,	,	,
29364	479	33	4.86	4.86	CD
29364	479	34	will	will	MD
29364	479	35	be	be	VB
29364	479	36	the	the	DT
29364	479	37	rate	rate	NN
29364	479	38	on	on	IN
29364	479	39	Exchange	Exchange	NNP
29364	479	40	Place	Place	NNP
29364	479	41	.	.	.
29364	480	1	It	-PRON-	PRP
29364	480	2	is	be	VBZ
29364	480	3	remarkable	remarkable	JJ
29364	480	4	how	how	WRB
29364	480	5	closely	closely	RB
29364	480	6	each	each	DT
29364	480	7	manager	manager	NN
29364	480	8	keeps	keep	VBZ
29364	480	9	in	in	IN
29364	480	10	touch	touch	NN
29364	480	11	with	with	IN
29364	480	12	what	what	WP
29364	480	13	is	be	VBZ
29364	480	14	going	go	VBG
29364	480	15	on	on	RP
29364	480	16	in	in	IN
29364	480	17	every	every	DT
29364	480	18	part	part	NN
29364	480	19	of	of	IN
29364	480	20	the	the	DT
29364	480	21	market	market	NN
29364	480	22	.	.	.
29364	481	1	And	and	CC
29364	481	2	the	the	DT
29364	481	3	great	great	JJ
29364	481	4	number	number	NN
29364	481	5	of	of	IN
29364	481	6	brokers	broker	NNS
29364	481	7	continually	continually	RB
29364	481	8	circulating	circulate	VBG
29364	481	9	around	around	RB
29364	481	10	and	and	CC
29364	481	11	trying	try	VBG
29364	481	12	to	to	TO
29364	481	13	"	"	``
29364	481	14	get	get	VB
29364	481	15	in	in	RP
29364	481	16	between	between	IN
29364	481	17	"	"	``
29364	481	18	for	for	IN
29364	481	19	five	five	CD
29364	481	20	points	point	NNS
29364	481	21	is	be	VBZ
29364	481	22	in	in	IN
29364	481	23	itself	-PRON-	PRP
29364	481	24	a	a	DT
29364	481	25	powerful	powerful	JJ
29364	481	26	influence	influence	NN
29364	481	27	toward	toward	IN
29364	481	28	keeping	keep	VBG
29364	481	29	rates	rate	NNS
29364	481	30	exactly	exactly	RB
29364	481	31	the	the	DT
29364	481	32	same	same	JJ
29364	481	33	in	in	IN
29364	481	34	all	all	DT
29364	481	35	parts	part	NNS
29364	481	36	of	of	IN
29364	481	37	the	the	DT
29364	481	38	market	market	NN
29364	481	39	at	at	IN
29364	481	40	once	once	RB
29364	481	41	.	.	.
29364	482	1	"	"	``
29364	482	2	Posted	posted	JJ
29364	482	3	rates	rate	NNS
29364	482	4	"	"	''
29364	482	5	mean	mean	VBP
29364	482	6	little	little	JJ
29364	482	7	with	with	IN
29364	482	8	regard	regard	NN
29364	482	9	to	to	IN
29364	482	10	current	current	JJ
29364	482	11	conditions	condition	NNS
29364	482	12	,	,	,
29364	482	13	being	be	VBG
29364	482	14	simply	simply	RB
29364	482	15	the	the	DT
29364	482	16	bankers	banker	NNS
29364	482	17	'	'	POS
29364	482	18	public	public	JJ
29364	482	19	notice	notice	NN
29364	482	20	of	of	IN
29364	482	21	the	the	DT
29364	482	22	rate	rate	NN
29364	482	23	at	at	IN
29364	482	24	which	which	WDT
29364	482	25	he	-PRON-	PRP
29364	482	26	will	will	MD
29364	482	27	sell	sell	VB
29364	482	28	bills	bill	NNS
29364	482	29	for	for	IN
29364	482	30	trifling	trifle	VBG
29364	482	31	amounts	amount	NNS
29364	482	32	.	.	.
29364	483	1	Exchange	exchange	NN
29364	483	2	bankers	banker	NNS
29364	483	3	dislike	dislike	VBP
29364	483	4	to	to	TO
29364	483	5	draw	draw	VB
29364	483	6	small	small	JJ
29364	483	7	drafts	draft	NNS
29364	483	8	and	and	CC
29364	483	9	usually	usually	RB
29364	483	10	can	can	MD
29364	483	11	be	be	VB
29364	483	12	induced	induce	VBN
29364	483	13	to	to	TO
29364	483	14	do	do	VB
29364	483	15	so	so	RB
29364	483	16	only	only	RB
29364	483	17	by	by	IN
29364	483	18	the	the	DT
29364	483	19	offer	offer	NN
29364	483	20	of	of	IN
29364	483	21	a	a	DT
29364	483	22	much	much	RB
29364	483	23	higher	high	JJR
29364	483	24	rate	rate	NN
29364	483	25	than	than	IN
29364	483	26	that	that	DT
29364	483	27	current	current	NN
29364	483	28	for	for	IN
29364	483	29	a	a	DT
29364	483	30	large	large	JJ
29364	483	31	amount	amount	NN
29364	483	32	.	.	.
29364	484	1	A	a	DT
29364	484	2	banker	banker	NN
29364	484	3	might	may	MD
29364	484	4	offer	offer	VB
29364	484	5	to	to	TO
29364	484	6	sell	sell	VB
29364	484	7	you	-PRON-	PRP
29364	484	8	£	£	$
29364	484	9	10,000	10,000	CD
29364	484	10	at	at	IN
29364	484	11	4.87	4.87	CD
29364	484	12	,	,	,
29364	484	13	but	but	CC
29364	484	14	if	if	IN
29364	484	15	you	-PRON-	PRP
29364	484	16	said	say	VBD
29364	484	17	you	-PRON-	PRP
29364	484	18	wanted	want	VBD
29364	484	19	only	only	RB
29364	484	20	£	£	$
29364	484	21	10	10	CD
29364	484	22	,	,	,
29364	484	23	he	-PRON-	PRP
29364	484	24	would	would	MD
29364	484	25	be	be	VB
29364	484	26	likely	likely	JJ
29364	484	27	to	to	TO
29364	484	28	point	point	VB
29364	484	29	to	to	IN
29364	484	30	his	-PRON-	PRP$
29364	484	31	posted	post	VBN
29364	484	32	rate	rate	NN
29364	484	33	and	and	CC
29364	484	34	charge	charge	VB
29364	484	35	you	-PRON-	PRP
29364	484	36	4.88	4.88	CD
29364	484	37	.	.	.
29364	485	1	Considering	consider	VBG
29364	485	2	that	that	IN
29364	485	3	in	in	IN
29364	485	4	transactions	transaction	NNS
29364	485	5	based	base	VBN
29364	485	6	on	on	IN
29364	485	7	the	the	DT
29364	485	8	best	good	JJS
29364	485	9	bills	bill	NNS
29364	485	10	the	the	DT
29364	485	11	banker	banker	NN
29364	485	12	only	only	RB
29364	485	13	figures	figure	VBZ
29364	485	14	on	on	IN
29364	485	15	making	make	VBG
29364	485	16	from	from	IN
29364	485	17	$	$	$
29364	485	18	10	10	CD
29364	485	19	to	to	TO
29364	485	20	$	$	$
29364	485	21	20	20	CD
29364	485	22	profit	profit	NN
29364	485	23	on	on	IN
29364	485	24	each	each	DT
29364	485	25	£	£	$
29364	485	26	10,000	10,000	CD
29364	485	27	,	,	,
29364	485	28	it	-PRON-	PRP
29364	485	29	may	may	MD
29364	485	30	readily	readily	RB
29364	485	31	be	be	VB
29364	485	32	seen	see	VBN
29364	485	33	why	why	WRB
29364	485	34	he	-PRON-	PRP
29364	485	35	is	be	VBZ
29364	485	36	not	not	RB
29364	485	37	anxious	anxious	JJ
29364	485	38	to	to	TO
29364	485	39	sell	sell	VB
29364	485	40	a	a	DT
29364	485	41	£	£	$
29364	485	42	10	10	CD
29364	485	43	draft	draft	NN
29364	485	44	.	.	.
29364	486	1	As	as	IN
29364	486	2	to	to	IN
29364	486	3	the	the	DT
29364	486	4	actual	actual	JJ
29364	486	5	fluctuation	fluctuation	NN
29364	486	6	of	of	IN
29364	486	7	exchange	exchange	NN
29364	486	8	,	,	,
29364	486	9	while	while	IN
29364	486	10	it	-PRON-	PRP
29364	486	11	is	be	VBZ
29364	486	12	true	true	JJ
29364	486	13	that	that	IN
29364	486	14	rates	rate	NNS
29364	486	15	at	at	IN
29364	486	16	times	time	NNS
29364	486	17	rise	rise	VBP
29364	486	18	and	and	CC
29364	486	19	fall	fall	VBP
29364	486	20	with	with	IN
29364	486	21	all	all	PDT
29364	486	22	the	the	DT
29364	486	23	violence	violence	NN
29364	486	24	so	so	RB
29364	486	25	often	often	RB
29364	486	26	displayed	display	VBD
29364	486	27	in	in	IN
29364	486	28	the	the	DT
29364	486	29	security	security	NN
29364	486	30	markets	market	NNS
29364	486	31	,	,	,
29364	486	32	most	most	JJS
29364	486	33	of	of	IN
29364	486	34	the	the	DT
29364	486	35	time	time	NN
29364	486	36	they	-PRON-	PRP
29364	486	37	move	move	VBP
29364	486	38	within	within	IN
29364	486	39	a	a	DT
29364	486	40	comparatively	comparatively	RB
29364	486	41	narrow	narrow	JJ
29364	486	42	range	range	NN
29364	486	43	.	.	.
29364	487	1	On	on	IN
29364	487	2	an	an	DT
29364	487	3	ordinary	ordinary	JJ
29364	487	4	business	business	NN
29364	487	5	day	day	NN
29364	487	6	,	,	,
29364	487	7	for	for	IN
29364	487	8	instance	instance	NN
29364	487	9	,	,	,
29364	487	10	the	the	DT
29364	487	11	change	change	NN
29364	487	12	is	be	VBZ
29364	487	13	not	not	RB
29364	487	14	apt	apt	JJ
29364	487	15	to	to	TO
29364	487	16	run	run	VB
29364	487	17	over	over	IN
29364	487	18	fifteen	fifteen	CD
29364	487	19	points	point	NNS
29364	487	20	(	(	-LRB-
29364	487	21	15/100	15/100	CD
29364	487	22	of	of	IN
29364	487	23	a	a	DT
29364	487	24	cent	cent	NN
29364	487	25	per	per	IN
29364	487	26	pound	pound	NN
29364	487	27	)	)	-RRB-
29364	487	28	.	.	.
29364	488	1	In	in	IN
29364	488	2	the	the	DT
29364	488	3	morning	morning	NN
29364	488	4	,	,	,
29364	488	5	demand	demand	NN
29364	488	6	sterling	sterling	NN
29364	488	7	may	may	MD
29364	488	8	be	be	VB
29364	488	9	at	at	IN
29364	488	10	,	,	,
29364	488	11	say	say	UH
29364	488	12	,	,	,
29364	488	13	4.86	4.86	CD
29364	488	14	;	;	:
29364	488	15	at	at	IN
29364	488	16	noon	noon	NN
29364	488	17	a	a	DT
29364	488	18	moderate	moderate	JJ
29364	488	19	demand	demand	NN
29364	488	20	for	for	IN
29364	488	21	bills	bill	NNS
29364	488	22	may	may	MD
29364	488	23	carry	carry	VB
29364	488	24	the	the	DT
29364	488	25	rate	rate	NN
29364	488	26	,	,	,
29364	488	27	first	first	RB
29364	488	28	,	,	,
29364	488	29	to	to	IN
29364	488	30	4.8605	4.8605	CD
29364	488	31	,	,	,
29364	488	32	then	then	RB
29364	488	33	to	to	IN
29364	488	34	4.8610	4.8610	CD
29364	488	35	;	;	:
29364	488	36	and	and	CC
29364	488	37	finally	finally	RB
29364	488	38	,	,	,
29364	488	39	perhaps	perhaps	RB
29364	488	40	,	,	,
29364	488	41	to	to	IN
29364	488	42	4.8615	4.8615	CD
29364	488	43	.	.	.
29364	489	1	On	on	IN
29364	489	2	fairly	fairly	RB
29364	489	3	large	large	JJ
29364	489	4	offerings	offering	NNS
29364	489	5	of	of	IN
29364	489	6	bills	bill	NNS
29364	489	7	the	the	DT
29364	489	8	market	market	NN
29364	489	9	might	may	MD
29364	489	10	then	then	RB
29364	489	11	recede	recede	VB
29364	489	12	to	to	TO
29364	489	13	,	,	,
29364	489	14	say	say	VB
29364	489	15	,	,	,
29364	489	16	4.8605	4.8605	CD
29364	489	17	,	,	,
29364	489	18	ending	end	VBG
29364	489	19	the	the	DT
29364	489	20	day	day	NN
29364	489	21	five	five	CD
29364	489	22	points	point	NNS
29364	489	23	up	up	RP
29364	489	24	.	.	.
29364	490	1	And	and	CC
29364	490	2	that	that	DT
29364	490	3	would	would	MD
29364	490	4	be	be	VB
29364	490	5	an	an	DT
29364	490	6	ordinary	ordinary	JJ
29364	490	7	day	day	NN
29364	490	8	--	--	:
29364	490	9	by	by	IN
29364	490	10	no	no	DT
29364	490	11	means	means	NN
29364	490	12	the	the	DT
29364	490	13	kind	kind	NN
29364	490	14	of	of	IN
29364	490	15	a	a	DT
29364	490	16	day	day	NN
29364	490	17	the	the	DT
29364	490	18	exchange	exchange	NN
29364	490	19	market	market	NN
29364	490	20	always	always	RB
29364	490	21	sees	see	VBZ
29364	490	22	,	,	,
29364	490	23	but	but	CC
29364	490	24	a	a	DT
29364	490	25	day	day	NN
29364	490	26	corresponding	correspond	VBG
29364	490	27	to	to	IN
29364	490	28	a	a	DT
29364	490	29	stock	stock	NN
29364	490	30	market	market	NN
29364	490	31	session	session	NN
29364	490	32	in	in	IN
29364	490	33	which	which	WDT
29364	490	34	the	the	DT
29364	490	35	market	market	NN
29364	490	36	leaders	leader	NNS
29364	490	37	rise	rise	VBP
29364	490	38	or	or	CC
29364	490	39	fall	fall	VBP
29364	490	40	a	a	DT
29364	490	41	point	point	NN
29364	490	42	or	or	CC
29364	490	43	so	so	RB
29364	490	44	.	.	.
29364	491	1	There	there	EX
29364	491	2	are	be	VBP
29364	491	3	times	time	NNS
29364	491	4	,	,	,
29364	491	5	of	of	IN
29364	491	6	course	course	NN
29364	491	7	,	,	,
29364	491	8	when	when	WRB
29364	491	9	very	very	RB
29364	491	10	different	different	JJ
29364	491	11	conditions	condition	NNS
29364	491	12	prevail	prevail	VBP
29364	491	13	.	.	.
29364	492	1	An	an	DT
29364	492	2	unexpected	unexpected	JJ
29364	492	3	rise	rise	NN
29364	492	4	in	in	IN
29364	492	5	the	the	DT
29364	492	6	bank	bank	NN
29364	492	7	rate	rate	NN
29364	492	8	in	in	IN
29364	492	9	London	London	NNP
29364	492	10	,	,	,
29364	492	11	the	the	DT
29364	492	12	announcement	announcement	NN
29364	492	13	of	of	IN
29364	492	14	a	a	DT
29364	492	15	big	big	JJ
29364	492	16	loan	loan	NN
29364	492	17	or	or	CC
29364	492	18	any	any	DT
29364	492	19	one	one	CD
29364	492	20	of	of	IN
29364	492	21	many	many	JJ
29364	492	22	different	different	JJ
29364	492	23	happenings	happening	NNS
29364	492	24	,	,	,
29364	492	25	are	be	VBP
29364	492	26	apt	apt	JJ
29364	492	27	to	to	TO
29364	492	28	cause	cause	VB
29364	492	29	a	a	DT
29364	492	30	reduction	reduction	NN
29364	492	31	in	in	IN
29364	492	32	the	the	DT
29364	492	33	exchange	exchange	NN
29364	492	34	market	market	NN
29364	492	35	and	and	CC
29364	492	36	a	a	DT
29364	492	37	bewildering	bewilder	VBG
29364	492	38	movement	movement	NN
29364	492	39	of	of	IN
29364	492	40	rates	rate	NNS
29364	492	41	up	up	RB
29364	492	42	and	and	CC
29364	492	43	down	down	RB
29364	492	44	.	.	.
29364	493	1	At	at	IN
29364	493	2	such	such	JJ
29364	493	3	times	time	NNS
29364	493	4	a	a	DT
29364	493	5	rise	rise	NN
29364	493	6	or	or	CC
29364	493	7	fall	fall	NN
29364	493	8	of	of	IN
29364	493	9	fifty	fifty	CD
29364	493	10	points	point	NNS
29364	493	11	in	in	IN
29364	493	12	sterling	sterling	NN
29364	493	13	within	within	IN
29364	493	14	half	half	PDT
29364	493	15	an	an	DT
29364	493	16	hour	hour	NN
29364	493	17	is	be	VBZ
29364	493	18	not	not	RB
29364	493	19	at	at	RB
29364	493	20	all	all	RB
29364	493	21	out	out	IN
29364	493	22	of	of	IN
29364	493	23	the	the	DT
29364	493	24	ordinary	ordinary	JJ
29364	493	25	,	,	,
29364	493	26	while	while	IN
29364	493	27	in	in	IN
29364	493	28	times	time	NNS
29364	493	29	of	of	IN
29364	493	30	panic	panic	NN
29364	493	31	,	,	,
29364	493	32	or	or	CC
29364	493	33	when	when	WRB
29364	493	34	great	great	JJ
29364	493	35	crises	crisis	NNS
29364	493	36	impend	impend	VBP
29364	493	37	,	,	,
29364	493	38	the	the	DT
29364	493	39	fluctuations	fluctuation	NNS
29364	493	40	will	will	MD
29364	493	41	be	be	VB
29364	493	42	three	three	CD
29364	493	43	or	or	CC
29364	493	44	four	four	CD
29364	493	45	times	time	NNS
29364	493	46	as	as	RB
29364	493	47	great	great	JJ
29364	493	48	.	.	.
29364	494	1	During	during	IN
29364	494	2	the	the	DT
29364	494	3	latter	latter	JJ
29364	494	4	part	part	NN
29364	494	5	of	of	IN
29364	494	6	October	October	NNP
29364	494	7	,	,	,
29364	494	8	1907	1907	CD
29364	494	9	,	,	,
29364	494	10	and	and	CC
29364	494	11	in	in	IN
29364	494	12	November	November	NNP
29364	494	13	,	,	,
29364	494	14	the	the	DT
29364	494	15	exchange	exchange	NN
29364	494	16	market	market	NN
29364	494	17	fluctuated	fluctuate	VBD
29364	494	18	with	with	IN
29364	494	19	greater	great	JJR
29364	494	20	violence	violence	NN
29364	494	21	than	than	IN
29364	494	22	,	,	,
29364	494	23	perhaps	perhaps	RB
29364	494	24	,	,	,
29364	494	25	at	at	IN
29364	494	26	any	any	DT
29364	494	27	other	other	JJ
29364	494	28	time	time	NN
29364	494	29	since	since	IN
29364	494	30	the	the	DT
29364	494	31	gold	gold	NN
29364	494	32	standard	standard	NN
29364	494	33	was	be	VBD
29364	494	34	firmly	firmly	RB
29364	494	35	established	establish	VBN
29364	494	36	.	.	.
29364	495	1	Thrown	throw	VBN
29364	495	2	completely	completely	RB
29364	495	3	out	out	IN
29364	495	4	of	of	IN
29364	495	5	gear	gear	NN
29364	495	6	by	by	IN
29364	495	7	the	the	DT
29364	495	8	premium	premium	NN
29364	495	9	of	of	IN
29364	495	10	3	3	CD
29364	495	11	-	-	SYM
29364	495	12	1/2	1/2	CD
29364	495	13	per	per	IN
29364	495	14	cent	cent	NN
29364	495	15	.	.	.
29364	496	1	a	a	DT
29364	496	2	day	day	NN
29364	496	3	for	for	IN
29364	496	4	currency	currency	NN
29364	496	5	during	during	IN
29364	496	6	the	the	DT
29364	496	7	panic	panic	NN
29364	496	8	time	time	NN
29364	496	9	,	,	,
29364	496	10	the	the	DT
29364	496	11	exchange	exchange	NN
29364	496	12	markets	market	VBZ
29364	496	13	for	for	IN
29364	496	14	some	some	DT
29364	496	15	time	time	NN
29364	496	16	would	would	MD
29364	496	17	rise	rise	VB
29364	496	18	and	and	CC
29364	496	19	fall	fall	VB
29364	496	20	several	several	JJ
29364	496	21	cents	cent	NNS
29364	496	22	in	in	IN
29364	496	23	the	the	DT
29364	496	24	pound	pound	NN
29364	496	25	on	on	IN
29364	496	26	the	the	DT
29364	496	27	same	same	JJ
29364	496	28	day	day	NN
29364	496	29	.	.	.
29364	497	1	Completely	completely	RB
29364	497	2	baffled	baffle	VBN
29364	497	3	by	by	IN
29364	497	4	this	this	DT
29364	497	5	erratic	erratic	JJ
29364	497	6	movement	movement	NN
29364	497	7	,	,	,
29364	497	8	many	many	JJ
29364	497	9	bankers	banker	NNS
29364	497	10	temporarily	temporarily	RB
29364	497	11	withdrew	withdraw	VBD
29364	497	12	entirely	entirely	RB
29364	497	13	from	from	IN
29364	497	14	the	the	DT
29364	497	15	market	market	NN
29364	497	16	.	.	.
29364	498	1	As	as	IN
29364	498	2	to	to	IN
29364	498	3	the	the	DT
29364	498	4	relative	relative	JJ
29364	498	5	importance	importance	NN
29364	498	6	of	of	IN
29364	498	7	the	the	DT
29364	498	8	different	different	JJ
29364	498	9	kinds	kind	NNS
29364	498	10	of	of	IN
29364	498	11	exchange	exchange	NN
29364	498	12	,	,	,
29364	498	13	sterling	sterling	NN
29364	498	14	,	,	,
29364	498	15	of	of	IN
29364	498	16	course	course	NN
29364	498	17	,	,	,
29364	498	18	occupies	occupy	VBZ
29364	498	19	the	the	DT
29364	498	20	most	most	RBS
29364	498	21	prominent	prominent	JJ
29364	498	22	position	position	NN
29364	498	23	.	.	.
29364	499	1	What	what	WDT
29364	499	2	proportion	proportion	NN
29364	499	3	of	of	IN
29364	499	4	the	the	DT
29364	499	5	total	total	NN
29364	499	6	of	of	IN
29364	499	7	exchange	exchange	NN
29364	499	8	dealt	deal	VBN
29364	499	9	in	in	RP
29364	499	10	in	in	IN
29364	499	11	the	the	DT
29364	499	12	New	New	NNP
29364	499	13	York	York	NNP
29364	499	14	market	market	NN
29364	499	15	consists	consist	VBZ
29364	499	16	of	of	IN
29364	499	17	sterling	sterling	NN
29364	499	18	it	-PRON-	PRP
29364	499	19	is	be	VBZ
29364	499	20	impossible	impossible	JJ
29364	499	21	to	to	TO
29364	499	22	determine	determine	VB
29364	499	23	,	,	,
29364	499	24	but	but	CC
29364	499	25	that	that	IN
29364	499	26	it	-PRON-	PRP
29364	499	27	is	be	VBZ
29364	499	28	as	as	RB
29364	499	29	great	great	JJ
29364	499	30	as	as	IN
29364	499	31	the	the	DT
29364	499	32	volume	volume	NN
29364	499	33	of	of	IN
29364	499	34	all	all	PDT
29364	499	35	the	the	DT
29364	499	36	other	other	JJ
29364	499	37	kinds	kind	NNS
29364	499	38	of	of	IN
29364	499	39	exchange	exchange	NN
29364	499	40	put	put	VBN
29364	499	41	together	together	RB
29364	499	42	can	can	MD
29364	499	43	safely	safely	RB
29364	499	44	be	be	VB
29364	499	45	said	say	VBN
29364	499	46	.	.	.
29364	500	1	Many	many	JJ
29364	500	2	big	big	JJ
29364	500	3	dealers	dealer	NNS
29364	500	4	,	,	,
29364	500	5	indeed	indeed	RB
29364	500	6	,	,	,
29364	500	7	make	make	VB
29364	500	8	a	a	DT
29364	500	9	specialty	specialty	NN
29364	500	10	of	of	IN
29364	500	11	sterling	sterling	NN
29364	500	12	,	,	,
29364	500	13	and	and	CC
29364	500	14	if	if	IN
29364	500	15	they	-PRON-	PRP
29364	500	16	handle	handle	VBP
29364	500	17	any	any	DT
29364	500	18	other	other	JJ
29364	500	19	bills	bill	NNS
29364	500	20	at	at	RB
29364	500	21	all	all	RB
29364	500	22	,	,	,
29364	500	23	do	do	VB
29364	500	24	so	so	RB
29364	500	25	only	only	RB
29364	500	26	on	on	IN
29364	500	27	a	a	DT
29364	500	28	very	very	RB
29364	500	29	small	small	JJ
29364	500	30	scale	scale	NN
29364	500	31	.	.	.
29364	501	1	As	as	IN
29364	501	2	to	to	IN
29364	501	3	whether	whether	IN
29364	501	4	francs	franc	NNS
29364	501	5	or	or	CC
29364	501	6	marks	mark	NNS
29364	501	7	come	come	VBP
29364	501	8	next	next	RB
29364	501	9	in	in	IN
29364	501	10	volume	volume	NN
29364	501	11	,	,	,
29364	501	12	there	there	EX
29364	501	13	is	be	VBZ
29364	501	14	a	a	DT
29364	501	15	difference	difference	NN
29364	501	16	of	of	IN
29364	501	17	opinion	opinion	NN
29364	501	18	.	.	.
29364	502	1	With	with	IN
29364	502	2	Germany	Germany	NNP
29364	502	3	our	-PRON-	PRP$
29364	502	4	direct	direct	JJ
29364	502	5	financial	financial	JJ
29364	502	6	transactions	transaction	NNS
29364	502	7	are	be	VBP
29364	502	8	probably	probably	RB
29364	502	9	considerably	considerably	RB
29364	502	10	larger	large	JJR
29364	502	11	than	than	IN
29364	502	12	with	with	IN
29364	502	13	France	France	NNP
29364	502	14	,	,	,
29364	502	15	but	but	CC
29364	502	16	the	the	DT
29364	502	17	position	position	NN
29364	502	18	of	of	IN
29364	502	19	Paris	Paris	NNP
29364	502	20	as	as	IN
29364	502	21	a	a	DT
29364	502	22	banking	banking	NN
29364	502	23	centre	centre	NN
29364	502	24	makes	make	VBZ
29364	502	25	the	the	DT
29364	502	26	French	french	JJ
29364	502	27	capital	capital	NN
29364	502	28	figure	figure	NN
29364	502	29	prominently	prominently	RB
29364	502	30	in	in	IN
29364	502	31	many	many	JJ
29364	502	32	operations	operation	NNS
29364	502	33	where	where	WRB
29364	502	34	the	the	DT
29364	502	35	French	french	JJ
29364	502	36	market	market	NN
29364	502	37	is	be	VBZ
29364	502	38	not	not	RB
29364	502	39	directly	directly	RB
29364	502	40	concerned	concern	VBN
29364	502	41	.	.	.
29364	503	1	Despite	despite	IN
29364	503	2	the	the	DT
29364	503	3	fact	fact	NN
29364	503	4	that	that	IN
29364	503	5	sterling	sterling	NN
29364	503	6	easily	easily	RB
29364	503	7	predominates	predominate	VBZ
29364	503	8	,	,	,
29364	503	9	the	the	DT
29364	503	10	volume	volume	NN
29364	503	11	of	of	IN
29364	503	12	franc	franc	NN
29364	503	13	and	and	CC
29364	503	14	mark	mark	NN
29364	503	15	bills	bill	NNS
29364	503	16	,	,	,
29364	503	17	too	too	RB
29364	503	18	,	,	,
29364	503	19	is	be	VBZ
29364	503	20	enormous	enormous	JJ
29364	503	21	.	.	.
29364	504	1	Drafts	draft	NNS
29364	504	2	on	on	IN
29364	504	3	Paris	Paris	NNP
29364	504	4	for	for	IN
29364	504	5	from	from	IN
29364	504	6	three	three	CD
29364	504	7	to	to	TO
29364	504	8	five	five	CD
29364	504	9	million	million	CD
29364	504	10	francs	franc	NNS
29364	504	11	and	and	CC
29364	504	12	on	on	IN
29364	504	13	Berlin	Berlin	NNP
29364	504	14	for	for	IN
29364	504	15	as	as	RB
29364	504	16	many	many	JJ
29364	504	17	marks	mark	NNS
29364	504	18	are	be	VBP
29364	504	19	not	not	RB
29364	504	20	at	at	RB
29364	504	21	all	all	RB
29364	504	22	infrequently	infrequently	RB
29364	504	23	traded	trade	VBN
29364	504	24	in	in	RP
29364	504	25	in	in	IN
29364	504	26	the	the	DT
29364	504	27	exchange	exchange	NN
29364	504	28	market	market	NN
29364	504	29	,	,	,
29364	504	30	and	and	CC
29364	504	31	at	at	IN
29364	504	32	times	time	NNS
29364	504	33	bills	bill	NNS
29364	504	34	for	for	IN
29364	504	35	very	very	RB
29364	504	36	much	much	RB
29364	504	37	larger	large	JJR
29364	504	38	amounts	amount	NNS
29364	504	39	have	have	VBP
29364	504	40	been	be	VBN
29364	504	41	drawn	draw	VBN
29364	504	42	and	and	CC
29364	504	43	offered	offer	VBN
29364	504	44	for	for	IN
29364	504	45	sale	sale	NN
29364	504	46	.	.	.
29364	505	1	Bills	bill	NNS
29364	505	2	drawn	draw	VBN
29364	505	3	in	in	IN
29364	505	4	other	other	JJ
29364	505	5	kinds	kind	NNS
29364	505	6	of	of	IN
29364	505	7	currency	currency	NN
29364	505	8	--	--	:
29364	505	9	guilders	guilde	NNS
29364	505	10	on	on	IN
29364	505	11	Holland	Holland	NNP
29364	505	12	,	,	,
29364	505	13	for	for	IN
29364	505	14	instance	instance	NN
29364	505	15	,	,	,
29364	505	16	form	form	VB
29364	505	17	an	an	DT
29364	505	18	important	important	JJ
29364	505	19	part	part	NN
29364	505	20	of	of	IN
29364	505	21	the	the	DT
29364	505	22	foreign	foreign	JJ
29364	505	23	exchange	exchange	NN
29364	505	24	dealt	deal	VBD
29364	505	25	in	in	RP
29364	505	26	in	in	IN
29364	505	27	a	a	DT
29364	505	28	market	market	NN
29364	505	29	like	like	IN
29364	505	30	New	New	NNP
29364	505	31	York	York	NNP
29364	505	32	,	,	,
29364	505	33	but	but	CC
29364	505	34	are	be	VBP
29364	505	35	subservient	subservient	JJ
29364	505	36	in	in	IN
29364	505	37	their	-PRON-	PRP$
29364	505	38	rate	rate	NN
29364	505	39	fluctuations	fluctuation	NNS
29364	505	40	to	to	IN
29364	505	41	the	the	DT
29364	505	42	movement	movement	NN
29364	505	43	of	of	IN
29364	505	44	sterling	sterling	NNP
29364	505	45	,	,	,
29364	505	46	marks	mark	NNS
29364	505	47	,	,	,
29364	505	48	and	and	CC
29364	505	49	francs	franc	NNS
29364	505	50	.	.	.
29364	506	1	The	the	DT
29364	506	2	latter	latter	JJ
29364	506	3	are	be	VBP
29364	506	4	,	,	,
29364	506	5	indeed	indeed	RB
29364	506	6	,	,	,
29364	506	7	the	the	DT
29364	506	8	three	three	CD
29364	506	9	great	great	JJ
29364	506	10	classes	class	NNS
29364	506	11	of	of	IN
29364	506	12	exchange	exchange	NN
29364	506	13	,	,	,
29364	506	14	and	and	CC
29364	506	15	are	be	VBP
29364	506	16	the	the	DT
29364	506	17	basis	basis	NN
29364	506	18	of	of	IN
29364	506	19	at	at	IN
29364	506	20	least	least	JJS
29364	506	21	nine	nine	CD
29364	506	22	-	-	HYPH
29364	506	23	tenths	tenth	NNS
29364	506	24	of	of	IN
29364	506	25	all	all	DT
29364	506	26	foreign	foreign	JJ
29364	506	27	exchange	exchange	NN
29364	506	28	operations	operation	NNS
29364	506	29	.	.	.
29364	507	1	In	in	IN
29364	507	2	the	the	DT
29364	507	3	following	follow	VBG
29364	507	4	chapter	chapter	NN
29364	507	5	will	will	MD
29364	507	6	be	be	VB
29364	507	7	taken	take	VBN
29364	507	8	up	up	RP
29364	507	9	the	the	DT
29364	507	10	various	various	JJ
29364	507	11	forms	form	NNS
29364	507	12	of	of	IN
29364	507	13	activity	activity	NN
29364	507	14	of	of	IN
29364	507	15	the	the	DT
29364	507	16	foreign	foreign	JJ
29364	507	17	exchange	exchange	NN
29364	507	18	department	department	NN
29364	507	19	.	.	.
29364	508	1	No	no	DT
29364	508	2	attempt	attempt	NN
29364	508	3	is	be	VBZ
29364	508	4	made	make	VBN
29364	508	5	to	to	TO
29364	508	6	state	state	VB
29364	508	7	out	out	IN
29364	508	8	of	of	IN
29364	508	9	which	which	WDT
29364	508	10	kind	kind	NN
29364	508	11	of	of	IN
29364	508	12	business	business	NN
29364	508	13	bankers	banker	NNS
29364	508	14	make	make	VBP
29364	508	15	most	most	JJS
29364	508	16	money	money	NN
29364	508	17	,	,	,
29364	508	18	but	but	CC
29364	508	19	before	before	IN
29364	508	20	looking	look	VBG
29364	508	21	into	into	IN
29364	508	22	the	the	DT
29364	508	23	more	more	RBR
29364	508	24	detailed	detailed	JJ
29364	508	25	description	description	NN
29364	508	26	of	of	IN
29364	508	27	how	how	WRB
29364	508	28	exchange	exchange	NN
29364	508	29	business	business	NN
29364	508	30	is	be	VBZ
29364	508	31	conducted	conduct	VBN
29364	508	32	,	,	,
29364	508	33	it	-PRON-	PRP
29364	508	34	may	may	MD
29364	508	35	be	be	VB
29364	508	36	well	well	JJ
29364	508	37	to	to	TO
29364	508	38	fix	fix	VB
29364	508	39	in	in	IN
29364	508	40	mind	mind	NN
29364	508	41	the	the	DT
29364	508	42	fact	fact	NN
29364	508	43	that	that	IN
29364	508	44	it	-PRON-	PRP
29364	508	45	is	be	VBZ
29364	508	46	out	out	IN
29364	508	47	of	of	IN
29364	508	48	the	the	DT
29364	508	49	"	"	``
29364	508	50	straight	straight	JJ
29364	508	51	"	"	''
29364	508	52	forms	form	NNS
29364	508	53	of	of	IN
29364	508	54	foreign	foreign	JJ
29364	508	55	exchange	exchange	NN
29364	508	56	business	business	NN
29364	508	57	that	that	WDT
29364	508	58	the	the	DT
29364	508	59	most	most	JJS
29364	508	60	profit	profit	NN
29364	508	61	is	be	VBZ
29364	508	62	made	make	VBN
29364	508	63	.	.	.
29364	509	1	Highly	highly	RB
29364	509	2	complicated	complicated	JJ
29364	509	3	operations	operation	NNS
29364	509	4	are	be	VBP
29364	509	5	indulged	indulge	VBN
29364	509	6	in	in	RP
29364	509	7	by	by	IN
29364	509	8	some	some	DT
29364	509	9	managers	manager	NNS
29364	509	10	with	with	IN
29364	509	11	more	more	RBR
29364	509	12	theoretical	theoretical	JJ
29364	509	13	than	than	IN
29364	509	14	practical	practical	JJ
29364	509	15	sense	sense	NN
29364	509	16	,	,	,
29364	509	17	and	and	CC
29364	509	18	money	money	NN
29364	509	19	is	be	VBZ
29364	509	20	at	at	IN
29364	509	21	times	time	NNS
29364	509	22	made	make	VBN
29364	509	23	out	out	IN
29364	509	24	of	of	IN
29364	509	25	them	-PRON-	PRP
29364	509	26	,	,	,
29364	509	27	but	but	CC
29364	509	28	on	on	IN
29364	509	29	the	the	DT
29364	509	30	whole	whole	NN
29364	509	31	the	the	DT
29364	509	32	real	real	JJ
29364	509	33	money	money	NN
29364	509	34	is	be	VBZ
29364	509	35	made	make	VBN
29364	509	36	out	out	IN
29364	509	37	of	of	IN
29364	509	38	the	the	DT
29364	509	39	kinds	kind	NNS
29364	509	40	of	of	IN
29364	509	41	business	business	NN
29364	509	42	about	about	IN
29364	509	43	to	to	TO
29364	509	44	be	be	VB
29364	509	45	described	describe	VBN
29364	509	46	.	.	.
29364	510	1	To	to	IN
29364	510	2	the	the	DT
29364	510	3	author	author	NN
29364	510	4	's	's	POS
29364	510	5	certain	certain	JJ
29364	510	6	knowledge	knowledge	NN
29364	510	7	,	,	,
29364	510	8	the	the	DT
29364	510	9	exchange	exchange	NN
29364	510	10	business	business	NN
29364	510	11	of	of	IN
29364	510	12	one	one	CD
29364	510	13	of	of	IN
29364	510	14	the	the	DT
29364	510	15	largest	large	JJS
29364	510	16	houses	house	NNS
29364	510	17	in	in	IN
29364	510	18	New	New	NNP
29364	510	19	York	York	NNP
29364	510	20	was	be	VBD
29364	510	21	for	for	IN
29364	510	22	years	year	NNS
29364	510	23	thus	thus	RB
29364	510	24	limited	limit	VBN
29364	510	25	to	to	IN
29364	510	26	what	what	WP
29364	510	27	might	may	MD
29364	510	28	be	be	VB
29364	510	29	called	call	VBN
29364	510	30	"	"	``
29364	510	31	straight	straight	JJ
29364	510	32	"	"	''
29364	510	33	operations	operation	NNS
29364	510	34	.	.	.
29364	511	1	While	while	IN
29364	511	2	the	the	DT
29364	511	3	profits	profit	NNS
29364	511	4	might	may	MD
29364	511	5	at	at	IN
29364	511	6	times	time	NNS
29364	511	7	have	have	VBP
29364	511	8	been	be	VBN
29364	511	9	materially	materially	RB
29364	511	10	increased	increase	VBN
29364	511	11	by	by	IN
29364	511	12	the	the	DT
29364	511	13	introduction	introduction	NN
29364	511	14	of	of	IN
29364	511	15	a	a	DT
29364	511	16	little	little	JJ
29364	511	17	more	more	JJR
29364	511	18	of	of	IN
29364	511	19	a	a	DT
29364	511	20	speculative	speculative	JJ
29364	511	21	element	element	NN
29364	511	22	into	into	IN
29364	511	23	the	the	DT
29364	511	24	business	business	NN
29364	511	25	,	,	,
29364	511	26	the	the	DT
29364	511	27	house	house	NN
29364	511	28	made	make	VBD
29364	511	29	money	money	NN
29364	511	30	on	on	IN
29364	511	31	a	a	DT
29364	511	32	large	large	JJ
29364	511	33	scale	scale	NN
29364	511	34	and	and	CC
29364	511	35	avoided	avoid	VBD
29364	511	36	the	the	DT
29364	511	37	losses	loss	NNS
29364	511	38	inevitable	inevitable	JJ
29364	511	39	where	where	WRB
29364	511	40	business	business	NN
29364	511	41	is	be	VBZ
29364	511	42	conducted	conduct	VBN
29364	511	43	along	along	IN
29364	511	44	speculative	speculative	JJ
29364	511	45	lines	line	NNS
29364	511	46	.	.	.
29364	512	1	CHAPTER	chapter	NN
29364	512	2	VI	VI	NNP
29364	512	3	HOW	HOW	NNP
29364	512	4	MONEY	MONEY	NNP
29364	512	5	IS	be	VBZ
29364	512	6	MADE	make	VBN
29364	512	7	IN	in	IN
29364	512	8	FOREIGN	FOREIGN	NNP
29364	512	9	EXCHANGE	EXCHANGE	NNP
29364	512	10	.	.	.
29364	513	1	THE	the	DT
29364	513	2	OPERATIONS	OPERATIONS	NNP
29364	513	3	OF	of	IN
29364	513	4	THE	the	DT
29364	513	5	FOREIGN	foreign	JJ
29364	513	6	DEPARTMENT	DEPARTMENT	NNP
29364	513	7	Complete	complete	JJ
29364	513	8	description	description	NN
29364	513	9	of	of	IN
29364	513	10	the	the	DT
29364	513	11	various	various	JJ
29364	513	12	forms	form	NNS
29364	513	13	of	of	IN
29364	513	14	activity	activity	NN
29364	513	15	of	of	IN
29364	513	16	the	the	DT
29364	513	17	foreign	foreign	NNP
29364	513	18	exchange	exchange	NNP
29364	513	19	department	department	NNP
29364	513	20	of	of	IN
29364	513	21	an	an	DT
29364	513	22	important	important	JJ
29364	513	23	firm	firm	NN
29364	513	24	would	would	MD
29364	513	25	fill	fill	VB
29364	513	26	a	a	DT
29364	513	27	large	large	JJ
29364	513	28	volume	volume	NN
29364	513	29	,	,	,
29364	513	30	but	but	CC
29364	513	31	there	there	EX
29364	513	32	are	be	VBP
29364	513	33	certain	certain	JJ
29364	513	34	stock	stock	NN
29364	513	35	operations	operation	NNS
29364	513	36	in	in	IN
29364	513	37	foreign	foreign	JJ
29364	513	38	exchange	exchange	NN
29364	513	39	which	which	WDT
29364	513	40	are	be	VBP
29364	513	41	the	the	DT
29364	513	42	basis	basis	NN
29364	513	43	of	of	IN
29364	513	44	most	most	JJS
29364	513	45	of	of	IN
29364	513	46	the	the	DT
29364	513	47	transactions	transaction	NNS
29364	513	48	carried	carry	VBN
29364	513	49	out	out	RP
29364	513	50	and	and	CC
29364	513	51	the	the	DT
29364	513	52	understanding	understanding	NN
29364	513	53	of	of	IN
29364	513	54	which	which	WDT
29364	513	55	ought	ought	MD
29364	513	56	to	to	TO
29364	513	57	go	go	VB
29364	513	58	a	a	DT
29364	513	59	long	long	JJ
29364	513	60	way	way	NN
29364	513	61	toward	toward	IN
29364	513	62	making	make	VBG
29364	513	63	clear	clear	JJ
29364	513	64	what	what	WP
29364	513	65	the	the	DT
29364	513	66	nature	nature	NN
29364	513	67	of	of	IN
29364	513	68	the	the	DT
29364	513	69	foreign	foreign	NNP
29364	513	70	exchange	exchange	NNP
29364	513	71	department	department	NNP
29364	513	72	's	's	POS
29364	513	73	business	business	NN
29364	513	74	really	really	RB
29364	513	75	is	be	VBZ
29364	513	76	.	.	.
29364	514	1	1	1	LS
29364	514	2	.	.	.
29364	515	1	_	_	NNP
29364	515	2	Selling	sell	VBG
29364	515	3	"	"	``
29364	515	4	Demand	demand	NN
29364	515	5	"	"	''
29364	515	6	Against	against	IN
29364	515	7	"	"	``
29364	515	8	Demand	demand	NN
29364	515	9	"	"	''
29364	515	10	_	_	NNP
29364	515	11	The	the	DT
29364	515	12	first	first	JJ
29364	515	13	and	and	CC
29364	515	14	most	most	JJS
29364	515	15	elementary	elementary	JJ
29364	515	16	form	form	NN
29364	515	17	of	of	IN
29364	515	18	activity	activity	NN
29364	515	19	is	be	VBZ
29364	515	20	,	,	,
29364	515	21	of	of	IN
29364	515	22	course	course	NN
29364	515	23	,	,	,
29364	515	24	the	the	DT
29364	515	25	buying	buying	NN
29364	515	26	of	of	IN
29364	515	27	demand	demand	NN
29364	515	28	bills	bill	NNS
29364	515	29	at	at	IN
29364	515	30	a	a	DT
29364	515	31	certain	certain	JJ
29364	515	32	price	price	NN
29364	515	33	and	and	CC
29364	515	34	the	the	DT
29364	515	35	selling	selling	NN
29364	515	36	of	of	IN
29364	515	37	the	the	DT
29364	515	38	banker	banker	NN
29364	515	39	's	's	POS
29364	515	40	own	own	JJ
29364	515	41	demand	demand	NN
29364	515	42	drafts	draft	VBZ
29364	515	43	against	against	IN
29364	515	44	them	-PRON-	PRP
29364	515	45	at	at	IN
29364	515	46	a	a	DT
29364	515	47	higher	high	JJR
29364	515	48	price	price	NN
29364	515	49	.	.	.
29364	516	1	A	a	DT
29364	516	2	banker	banker	NN
29364	516	3	finds	find	VBZ
29364	516	4	,	,	,
29364	516	5	for	for	IN
29364	516	6	instance	instance	NN
29364	516	7	,	,	,
29364	516	8	that	that	IN
29364	516	9	he	-PRON-	PRP
29364	516	10	can	can	MD
29364	516	11	buy	buy	VB
29364	516	12	John	John	NNP
29364	516	13	Smith	Smith	NNP
29364	516	14	&	&	CC
29364	516	15	Co.	Co.	NNP
29364	516	16	's	's	POS
29364	516	17	sight	sight	NN
29364	516	18	draft	draft	NN
29364	516	19	for	for	IN
29364	516	20	£	£	$
29364	516	21	1,000	1,000	CD
29364	516	22	,	,	,
29364	516	23	on	on	IN
29364	516	24	London	London	NNP
29364	516	25	,	,	,
29364	516	26	at	at	IN
29364	516	27	the	the	DT
29364	516	28	rate	rate	NN
29364	516	29	of	of	IN
29364	516	30	4.86	4.86	CD
29364	516	31	,	,	,
29364	516	32	and	and	CC
29364	516	33	that	that	IN
29364	516	34	he	-PRON-	PRP
29364	516	35	can	can	MD
29364	516	36	sell	sell	VB
29364	516	37	his	-PRON-	PRP$
29364	516	38	own	own	JJ
29364	516	39	draft	draft	NN
29364	516	40	for	for	IN
29364	516	41	£	£	$
29364	516	42	1,000	1,000	CD
29364	516	43	on	on	IN
29364	516	44	his	-PRON-	PRP$
29364	516	45	London	London	NNP
29364	516	46	banking	banking	NN
29364	516	47	correspondent	correspondent	NN
29364	516	48	at	at	IN
29364	516	49	4.87	4.87	CD
29364	516	50	.	.	.
29364	517	1	All	all	DT
29364	517	2	he	-PRON-	PRP
29364	517	3	has	have	VBZ
29364	517	4	to	to	TO
29364	517	5	do	do	VB
29364	517	6	,	,	,
29364	517	7	therefore	therefore	RB
29364	517	8	,	,	,
29364	517	9	is	be	VBZ
29364	517	10	to	to	TO
29364	517	11	buy	buy	VB
29364	517	12	John	John	NNP
29364	517	13	Smith	Smith	NNP
29364	517	14	's	's	POS
29364	517	15	draft	draft	NN
29364	517	16	for	for	IN
29364	517	17	$	$	$
29364	517	18	4,860	4,860	CD
29364	517	19	,	,	,
29364	517	20	send	send	VB
29364	517	21	it	-PRON-	PRP
29364	517	22	to	to	IN
29364	517	23	London	London	NNP
29364	517	24	for	for	IN
29364	517	25	credit	credit	NN
29364	517	26	of	of	IN
29364	517	27	his	-PRON-	PRP$
29364	517	28	account	account	NN
29364	517	29	there	there	RB
29364	517	30	,	,	,
29364	517	31	and	and	CC
29364	517	32	then	then	RB
29364	517	33	draw	draw	VB
29364	517	34	his	-PRON-	PRP$
29364	517	35	own	own	JJ
29364	517	36	draft	draft	NN
29364	517	37	for	for	IN
29364	517	38	£	£	$
29364	517	39	1,000	1,000	CD
29364	517	40	on	on	IN
29364	517	41	the	the	DT
29364	517	42	newly	newly	RB
29364	517	43	created	create	VBN
29364	517	44	balance	balance	NN
29364	517	45	,	,	,
29364	517	46	selling	sell	VBG
29364	517	47	it	-PRON-	PRP
29364	517	48	for	for	IN
29364	517	49	$	$	$
29364	517	50	4,870	4,870	CD
29364	517	51	.	.	.
29364	518	1	It	-PRON-	PRP
29364	518	2	cost	cost	VBD
29364	518	3	him	-PRON-	PRP
29364	518	4	$	$	$
29364	518	5	4,860	4,860	CD
29364	518	6	to	to	TO
29364	518	7	buy	buy	VB
29364	518	8	the	the	DT
29364	518	9	commercial	commercial	JJ
29364	518	10	draft	draft	NN
29364	518	11	,	,	,
29364	518	12	and	and	CC
29364	518	13	he	-PRON-	PRP
29364	518	14	has	have	VBZ
29364	518	15	sold	sell	VBN
29364	518	16	his	-PRON-	PRP$
29364	518	17	own	own	JJ
29364	518	18	draft	draft	NN
29364	518	19	against	against	IN
29364	518	20	it	-PRON-	PRP
29364	518	21	for	for	IN
29364	518	22	$	$	$
29364	518	23	4,870	4,870	CD
29364	518	24	.	.	.
29364	519	1	His	-PRON-	PRP$
29364	519	2	gross	gross	JJ
29364	519	3	profit	profit	NN
29364	519	4	on	on	IN
29364	519	5	the	the	DT
29364	519	6	transaction	transaction	NN
29364	519	7	,	,	,
29364	519	8	therefore	therefore	RB
29364	519	9	,	,	,
29364	519	10	is	be	VBZ
29364	519	11	$	$	$
29364	519	12	10	10	CD
29364	519	13	.	.	.
29364	520	1	As	as	IN
29364	520	2	may	may	MD
29364	520	3	be	be	VB
29364	520	4	imagined	imagine	VBN
29364	520	5	,	,	,
29364	520	6	not	not	RB
29364	520	7	very	very	RB
29364	520	8	much	much	JJ
29364	520	9	money	money	NN
29364	520	10	is	be	VBZ
29364	520	11	made	make	VBN
29364	520	12	in	in	IN
29364	520	13	transactions	transaction	NNS
29364	520	14	exactly	exactly	RB
29364	520	15	of	of	IN
29364	520	16	this	this	DT
29364	520	17	kind	kind	NN
29364	520	18	--	--	:
29364	520	19	the	the	DT
29364	520	20	one	one	NN
29364	520	21	cited	cite	VBN
29364	520	22	is	be	VBZ
29364	520	23	taken	take	VBN
29364	520	24	only	only	RB
29364	520	25	because	because	IN
29364	520	26	it	-PRON-	PRP
29364	520	27	illustrates	illustrate	VBZ
29364	520	28	the	the	DT
29364	520	29	principle	principle	NN
29364	520	30	.	.	.
29364	521	1	For	for	IN
29364	521	2	whether	whether	IN
29364	521	3	the	the	DT
29364	521	4	banker	banker	NN
29364	521	5	sends	send	VBZ
29364	521	6	over	over	RB
29364	521	7	in	in	IN
29364	521	8	every	every	DT
29364	521	9	mail	mail	NN
29364	521	10	a	a	DT
29364	521	11	bewildering	bewilder	VBG
29364	521	12	assortment	assortment	NN
29364	521	13	of	of	IN
29364	521	14	every	every	DT
29364	521	15	conceivable	conceivable	JJ
29364	521	16	form	form	NN
29364	521	17	of	of	IN
29364	521	18	foreign	foreign	JJ
29364	521	19	exchange	exchange	NN
29364	521	20	to	to	TO
29364	521	21	be	be	VB
29364	521	22	credited	credit	VBN
29364	521	23	to	to	IN
29364	521	24	his	-PRON-	PRP$
29364	521	25	account	account	NN
29364	521	26	abroad	abroad	RB
29364	521	27	,	,	,
29364	521	28	or	or	CC
29364	521	29	whether	whether	IN
29364	521	30	he	-PRON-	PRP
29364	521	31	confines	confine	VBZ
29364	521	32	himself	-PRON-	PRP
29364	521	33	to	to	IN
29364	521	34	remittances	remittance	NNS
29364	521	35	of	of	IN
29364	521	36	the	the	DT
29364	521	37	simplest	simple	JJS
29364	521	38	kinds	kind	NNS
29364	521	39	of	of	IN
29364	521	40	bills	bill	NNS
29364	521	41	,	,	,
29364	521	42	the	the	DT
29364	521	43	idea	idea	NN
29364	521	44	remains	remain	VBZ
29364	521	45	exactly	exactly	RB
29364	521	46	the	the	DT
29364	521	47	same	same	JJ
29364	521	48	--	--	:
29364	521	49	he	-PRON-	PRP
29364	521	50	is	be	VBZ
29364	521	51	depositing	deposit	VBG
29364	521	52	money	money	NN
29364	521	53	to	to	IN
29364	521	54	the	the	DT
29364	521	55	credit	credit	NN
29364	521	56	of	of	IN
29364	521	57	his	-PRON-	PRP$
29364	521	58	account	account	NN
29364	521	59	in	in	IN
29364	521	60	order	order	NN
29364	521	61	that	that	IN
29364	521	62	he	-PRON-	PRP
29364	521	63	may	may	MD
29364	521	64	have	have	VB
29364	521	65	a	a	DT
29364	521	66	balance	balance	NN
29364	521	67	on	on	IN
29364	521	68	which	which	WDT
29364	521	69	he	-PRON-	PRP
29364	521	70	can	can	MD
29364	521	71	draw	draw	VB
29364	521	72	.	.	.
29364	522	1	That	that	RB
29364	522	2	is	is	RB
29364	522	3	,	,	,
29364	522	4	indeed	indeed	RB
29364	522	5	,	,	,
29364	522	6	the	the	DT
29364	522	7	sum	sum	NN
29364	522	8	and	and	CC
29364	522	9	substance	substance	NN
29364	522	10	of	of	IN
29364	522	11	the	the	DT
29364	522	12	exchange	exchange	NN
29364	522	13	business	business	NN
29364	522	14	of	of	IN
29364	522	15	the	the	DT
29364	522	16	foreign	foreign	JJ
29364	522	17	department	department	NN
29364	522	18	of	of	IN
29364	522	19	most	most	JJS
29364	522	20	banking	banking	NN
29364	522	21	houses	house	NNS
29364	522	22	--	--	:
29364	522	23	the	the	DT
29364	522	24	maintaining	maintaining	NN
29364	522	25	of	of	IN
29364	522	26	deposit	deposit	NN
29364	522	27	accounts	account	NNS
29364	522	28	in	in	IN
29364	522	29	banks	bank	NNS
29364	522	30	at	at	IN
29364	522	31	foreign	foreign	JJ
29364	522	32	centers	center	NNS
29364	522	33	on	on	IN
29364	522	34	which	which	WDT
29364	522	35	deposit	deposit	NN
29364	522	36	account	account	NN
29364	522	37	the	the	DT
29364	522	38	bank	bank	NN
29364	522	39	here	here	RB
29364	522	40	is	be	VBZ
29364	522	41	in	in	IN
29364	522	42	a	a	DT
29364	522	43	position	position	NN
29364	522	44	to	to	TO
29364	522	45	draw	draw	VB
29364	522	46	according	accord	VBG
29364	522	47	to	to	IN
29364	522	48	the	the	DT
29364	522	49	wants	want	NNS
29364	522	50	and	and	CC
29364	522	51	needs	need	NNS
29364	522	52	of	of	IN
29364	522	53	its	-PRON-	PRP$
29364	522	54	customers	customer	NNS
29364	522	55	.	.	.
29364	523	1	To	to	TO
29364	523	2	analyze	analyze	VB
29364	523	3	the	the	DT
29364	523	4	underlying	underlying	JJ
29364	523	5	transaction	transaction	NN
29364	523	6	a	a	DT
29364	523	7	little	little	RB
29364	523	8	more	more	RBR
29364	523	9	closely	closely	RB
29364	523	10	,	,	,
29364	523	11	it	-PRON-	PRP
29364	523	12	is	be	VBZ
29364	523	13	evident	evident	JJ
29364	523	14	that	that	IN
29364	523	15	the	the	DT
29364	523	16	banker	banker	NN
29364	523	17	,	,	,
29364	523	18	in	in	IN
29364	523	19	order	order	NN
29364	523	20	to	to	TO
29364	523	21	make	make	VB
29364	523	22	a	a	DT
29364	523	23	profit	profit	NN
29364	523	24	,	,	,
29364	523	25	must	must	MD
29364	523	26	be	be	VB
29364	523	27	able	able	JJ
29364	523	28	to	to	TO
29364	523	29	buy	buy	VB
29364	523	30	the	the	DT
29364	523	31	commercial	commercial	JJ
29364	523	32	bill	bill	NN
29364	523	33	at	at	IN
29364	523	34	a	a	DT
29364	523	35	lower	low	JJR
29364	523	36	rate	rate	NN
29364	523	37	of	of	IN
29364	523	38	exchange	exchange	NN
29364	523	39	than	than	IN
29364	523	40	he	-PRON-	PRP
29364	523	41	can	can	MD
29364	523	42	realize	realize	VB
29364	523	43	on	on	IN
29364	523	44	his	-PRON-	PRP$
29364	523	45	own	own	JJ
29364	523	46	draft	draft	NN
29364	523	47	.	.	.
29364	524	1	Which	which	WDT
29364	524	2	suggests	suggest	VBZ
29364	524	3	at	at	IN
29364	524	4	once	once	RB
29364	524	5	that	that	IN
29364	524	6	the	the	DT
29364	524	7	extent	extent	NN
29364	524	8	of	of	IN
29364	524	9	the	the	DT
29364	524	10	banker	banker	NN
29364	524	11	's	's	POS
29364	524	12	profit	profit	NN
29364	524	13	is	be	VBZ
29364	524	14	dependent	dependent	JJ
29364	524	15	largely	largely	RB
29364	524	16	upon	upon	IN
29364	524	17	the	the	DT
29364	524	18	amount	amount	NN
29364	524	19	of	of	IN
29364	524	20	risk	risk	NN
29364	524	21	he	-PRON-	PRP
29364	524	22	is	be	VBZ
29364	524	23	willing	willing	JJ
29364	524	24	to	to	TO
29364	524	25	take	take	VB
29364	524	26	.	.	.
29364	525	1	For	for	IN
29364	525	2	the	the	DT
29364	525	3	rate	rate	NN
29364	525	4	on	on	IN
29364	525	5	commercial	commercial	JJ
29364	525	6	bills	bill	NNS
29364	525	7	is	be	VBZ
29364	525	8	purely	purely	RB
29364	525	9	a	a	DT
29364	525	10	matter	matter	NN
29364	525	11	of	of	IN
29364	525	12	the	the	DT
29364	525	13	drawer	drawer	NN
29364	525	14	's	's	POS
29364	525	15	credit	credit	NN
29364	525	16	.	.	.
29364	526	1	The	the	DT
29364	526	2	best	good	JJS
29364	526	3	documentary	documentary	JJ
29364	526	4	commercial	commercial	JJ
29364	526	5	exchange	exchange	NN
29364	526	6	,	,	,
29364	526	7	drawn	draw	VBN
29364	526	8	at	at	IN
29364	526	9	sight	sight	NN
29364	526	10	on	on	IN
29364	526	11	banks	bank	NNS
29364	526	12	abroad	abroad	RB
29364	526	13	or	or	CC
29364	526	14	houses	house	NNS
29364	526	15	of	of	IN
29364	526	16	the	the	DT
29364	526	17	highest	high	JJS
29364	526	18	standing	standing	NN
29364	526	19	will	will	MD
29364	526	20	command	command	VB
29364	526	21	a	a	DT
29364	526	22	rate	rate	NN
29364	526	23	of	of	IN
29364	526	24	exchange	exchange	NN
29364	526	25	in	in	IN
29364	526	26	the	the	DT
29364	526	27	open	open	JJ
29364	526	28	market	market	NN
29364	526	29	only	only	RB
29364	526	30	a	a	DT
29364	526	31	little	little	JJ
29364	526	32	less	less	JJR
29364	526	33	than	than	IN
29364	526	34	the	the	DT
29364	526	35	banker	banker	NN
29364	526	36	's	's	POS
29364	526	37	own	own	JJ
29364	526	38	draft	draft	NN
29364	526	39	.	.	.
29364	527	1	From	from	IN
29364	527	2	which	which	WDT
29364	527	3	point	point	NN
29364	527	4	the	the	DT
29364	527	5	rate	rate	NN
29364	527	6	realizable	realizable	NN
29364	527	7	on	on	IN
29364	527	8	commercial	commercial	JJ
29364	527	9	bills	bill	NNS
29364	527	10	tapers	taper	VBZ
29364	527	11	off	off	RP
29364	527	12	with	with	IN
29364	527	13	the	the	DT
29364	527	14	credit	credit	NN
29364	527	15	of	of	IN
29364	527	16	the	the	DT
29364	527	17	house	house	NN
29364	527	18	in	in	IN
29364	527	19	question	question	NN
29364	527	20	,	,	,
29364	527	21	some	some	DT
29364	527	22	bills	bill	NNS
29364	527	23	regularly	regularly	RB
29364	527	24	selling	sell	VBG
29364	527	25	a	a	DT
29364	527	26	cent	cent	NN
29364	527	27	or	or	CC
29364	527	28	a	a	DT
29364	527	29	cent	cent	NN
29364	527	30	and	and	CC
29364	527	31	a	a	DT
29364	527	32	half	half	NN
29364	527	33	per	per	IN
29364	527	34	pound	pound	NN
29364	527	35	sterling	sterling	NN
29364	527	36	below	below	IN
29364	527	37	the	the	DT
29364	527	38	best	good	JJS
29364	527	39	bills	bill	NNS
29364	527	40	of	of	IN
29364	527	41	their	-PRON-	PRP$
29364	527	42	class	class	NN
29364	527	43	.	.	.
29364	528	1	Without	without	IN
29364	528	2	the	the	DT
29364	528	3	introduction	introduction	NN
29364	528	4	,	,	,
29364	528	5	therefore	therefore	RB
29364	528	6	,	,	,
29364	528	7	of	of	IN
29364	528	8	the	the	DT
29364	528	9	element	element	NN
29364	528	10	of	of	IN
29364	528	11	speculation	speculation	NN
29364	528	12	,	,	,
29364	528	13	except	except	IN
29364	528	14	as	as	IN
29364	528	15	to	to	IN
29364	528	16	the	the	DT
29364	528	17	soundness	soundness	NN
29364	528	18	of	of	IN
29364	528	19	the	the	DT
29364	528	20	bills	bill	NNS
29364	528	21	'	'	POS
29364	528	22	makers	maker	NNS
29364	528	23	,	,	,
29364	528	24	it	-PRON-	PRP
29364	528	25	is	be	VBZ
29364	528	26	possible	possible	JJ
29364	528	27	for	for	IN
29364	528	28	bankers	banker	NNS
29364	528	29	to	to	TO
29364	528	30	make	make	VB
29364	528	31	widely	widely	RB
29364	528	32	varying	vary	VBG
29364	528	33	profits	profit	NNS
29364	528	34	out	out	IN
29364	528	35	of	of	IN
29364	528	36	the	the	DT
29364	528	37	same	same	JJ
29364	528	38	kind	kind	NN
29364	528	39	of	of	IN
29364	528	40	business	business	NN
29364	528	41	.	.	.
29364	529	1	Everything	everything	NN
29364	529	2	depends	depend	VBZ
29364	529	3	upon	upon	IN
29364	529	4	the	the	DT
29364	529	5	amount	amount	NN
29364	529	6	of	of	IN
29364	529	7	risk	risk	NN
29364	529	8	the	the	DT
29364	529	9	banker	banker	NN
29364	529	10	is	be	VBZ
29364	529	11	willing	willing	JJ
29364	529	12	to	to	TO
29364	529	13	take	take	VB
29364	529	14	.	.	.
29364	530	1	The	the	DT
29364	530	2	exchange	exchange	NN
29364	530	3	market	market	NN
29364	530	4	is	be	VBZ
29364	530	5	a	a	DT
29364	530	6	merciless	merciless	JJ
29364	530	7	critic	critic	NN
29364	530	8	of	of	IN
29364	530	9	credit	credit	NN
29364	530	10	,	,	,
29364	530	11	and	and	CC
29364	530	12	if	if	IN
29364	530	13	a	a	DT
29364	530	14	commercial	commercial	JJ
29364	530	15	firm	firm	NN
29364	530	16	's	's	POS
29364	530	17	bills	bill	NNS
29364	530	18	always	always	RB
29364	530	19	sell	sell	VBP
29364	530	20	at	at	IN
29364	530	21	low	low	JJ
29364	530	22	rates	rate	NNS
29364	530	23	,	,	,
29364	530	24	the	the	DT
29364	530	25	presumption	presumption	NN
29364	530	26	is	be	VBZ
29364	530	27	strongly	strongly	RB
29364	530	28	against	against	IN
29364	530	29	its	-PRON-	PRP$
29364	530	30	financial	financial	JJ
29364	530	31	strength	strength	NN
29364	530	32	.	.	.
29364	531	1	Cases	case	NNS
29364	531	2	very	very	RB
29364	531	3	frequently	frequently	RB
29364	531	4	occur	occur	VBP
29364	531	5	,	,	,
29364	531	6	however	however	RB
29364	531	7	,	,	,
29364	531	8	where	where	WRB
29364	531	9	the	the	DT
29364	531	10	exchange	exchange	NN
29364	531	11	market	market	NN
29364	531	12	misjudges	misjudge	VBZ
29364	531	13	the	the	DT
29364	531	14	goodness	goodness	NN
29364	531	15	of	of	IN
29364	531	16	a	a	DT
29364	531	17	bill	bill	NN
29364	531	18	,	,	,
29364	531	19	placing	place	VBG
29364	531	20	too	too	RB
29364	531	21	low	low	JJ
29364	531	22	a	a	DT
29364	531	23	valuation	valuation	NN
29364	531	24	upon	upon	IN
29364	531	25	it	-PRON-	PRP
29364	531	26	.	.	.
29364	532	1	In	in	IN
29364	532	2	that	that	DT
29364	532	3	case	case	NN
29364	532	4	the	the	DT
29364	532	5	banker	banker	NN
29364	532	6	who	who	WP
29364	532	7	,	,	,
29364	532	8	individually	individually	RB
29364	532	9	,	,	,
29364	532	10	knows	know	VBZ
29364	532	11	that	that	IN
29364	532	12	the	the	DT
29364	532	13	house	house	NN
29364	532	14	in	in	IN
29364	532	15	question	question	NN
29364	532	16	is	be	VBZ
29364	532	17	all	all	RB
29364	532	18	right	right	JJ
29364	532	19	,	,	,
29364	532	20	can	can	MD
29364	532	21	make	make	VB
29364	532	22	considerable	considerable	JJ
29364	532	23	sums	sum	NNS
29364	532	24	of	of	IN
29364	532	25	money	money	NN
29364	532	26	buying	buy	VBG
29364	532	27	its	-PRON-	PRP$
29364	532	28	bills	bill	NNS
29364	532	29	at	at	IN
29364	532	30	the	the	DT
29364	532	31	low	low	RB
29364	532	32	-	-	HYPH
29364	532	33	going	go	VBG
29364	532	34	rates	rate	NNS
29364	532	35	and	and	CC
29364	532	36	selling	sell	VBG
29364	532	37	his	-PRON-	PRP$
29364	532	38	own	own	JJ
29364	532	39	exchange	exchange	NN
29364	532	40	against	against	IN
29364	532	41	them	-PRON-	PRP
29364	532	42	.	.	.
29364	533	1	This	this	DT
29364	533	2	,	,	,
29364	533	3	evidently	evidently	RB
29364	533	4	,	,	,
29364	533	5	is	be	VBZ
29364	533	6	purely	purely	RB
29364	533	7	a	a	DT
29364	533	8	matter	matter	NN
29364	533	9	of	of	IN
29364	533	10	the	the	DT
29364	533	11	exchange	exchange	NN
29364	533	12	manager	manager	NN
29364	533	13	's	's	POS
29364	533	14	judgment	judgment	NN
29364	533	15	.	.	.
29364	534	1	With	with	IN
29364	534	2	comparatively	comparatively	RB
29364	534	3	little	little	JJ
29364	534	4	risk	risk	NN
29364	534	5	there	there	EX
29364	534	6	are	be	VBP
29364	534	7	banking	banking	NN
29364	534	8	houses	house	NNS
29364	534	9	which	which	WDT
29364	534	10	are	be	VBP
29364	534	11	making	make	VBG
29364	534	12	a	a	DT
29364	534	13	full	full	JJ
29364	534	14	cent	cent	NN
29364	534	15	a	a	DT
29364	534	16	pound	pound	NN
29364	534	17	out	out	IN
29364	534	18	of	of	IN
29364	534	19	a	a	DT
29364	534	20	good	good	JJ
29364	534	21	part	part	NN
29364	534	22	of	of	IN
29364	534	23	the	the	DT
29364	534	24	commercial	commercial	JJ
29364	534	25	exchange	exchange	NN
29364	534	26	they	-PRON-	PRP
29364	534	27	handle	handle	VBP
29364	534	28	.	.	.
29364	535	1	2	2	LS
29364	535	2	.	.	.
29364	536	1	_	_	NNP
29364	536	2	Selling	Selling	NNP
29364	536	3	Cables	Cables	NNP
29364	536	4	Against	against	IN
29364	536	5	Demand	Demand	NNP
29364	536	6	Exchange	Exchange	NNP
29364	536	7	_	_	NNP
29364	536	8	No	no	DT
29364	536	9	description	description	NN
29364	536	10	of	of	IN
29364	536	11	a	a	DT
29364	536	12	cable	cable	NN
29364	536	13	transfer	transfer	NN
29364	536	14	having	have	VBG
29364	536	15	been	be	VBN
29364	536	16	given	give	VBN
29364	536	17	in	in	IN
29364	536	18	the	the	DT
29364	536	19	preceding	precede	VBG
29364	536	20	description	description	NN
29364	536	21	of	of	IN
29364	536	22	different	different	JJ
29364	536	23	kinds	kind	NNS
29364	536	24	of	of	IN
29364	536	25	exchange	exchange	NN
29364	536	26	,	,	,
29364	536	27	it	-PRON-	PRP
29364	536	28	may	may	MD
29364	536	29	be	be	VB
29364	536	30	explained	explain	VBN
29364	536	31	briefly	briefly	RB
29364	536	32	that	that	IN
29364	536	33	a	a	DT
29364	536	34	"	"	``
29364	536	35	cable	cable	NN
29364	536	36	,	,	,
29364	536	37	"	"	''
29364	536	38	so	so	RB
29364	536	39	-	-	HYPH
29364	536	40	called	call	VBN
29364	536	41	,	,	,
29364	536	42	differs	differ	VBZ
29364	536	43	from	from	IN
29364	536	44	a	a	DT
29364	536	45	sight	sight	NN
29364	536	46	draft	draft	NN
29364	536	47	only	only	RB
29364	536	48	in	in	IN
29364	536	49	that	that	IN
29364	536	50	the	the	DT
29364	536	51	banker	banker	NN
29364	536	52	abroad	abroad	RB
29364	536	53	who	who	WP
29364	536	54	is	be	VBZ
29364	536	55	to	to	TO
29364	536	56	pay	pay	VB
29364	536	57	out	out	RP
29364	536	58	the	the	DT
29364	536	59	money	money	NN
29364	536	60	is	be	VBZ
29364	536	61	advised	advise	VBN
29364	536	62	to	to	TO
29364	536	63	do	do	VB
29364	536	64	so	so	RB
29364	536	65	by	by	IN
29364	536	66	means	mean	NNS
29364	536	67	of	of	IN
29364	536	68	a	a	DT
29364	536	69	telegraphic	telegraphic	JJ
29364	536	70	message	message	NN
29364	536	71	instead	instead	RB
29364	536	72	of	of	IN
29364	536	73	by	by	IN
29364	536	74	a	a	DT
29364	536	75	bit	bit	NN
29364	536	76	of	of	IN
29364	536	77	paper	paper	NN
29364	536	78	instructing	instruct	VBG
29364	536	79	him	-PRON-	PRP
29364	536	80	to	to	TO
29364	536	81	"	"	``
29364	536	82	pay	pay	VB
29364	536	83	to	to	IN
29364	536	84	the	the	DT
29364	536	85	order	order	NN
29364	536	86	of	of	IN
29364	536	87	so	so	RB
29364	536	88	and	and	CC
29364	536	89	so	so	RB
29364	536	90	.	.	.
29364	536	91	"	"	''
29364	537	1	A	a	DT
29364	537	2	,	,	,
29364	537	3	in	in	IN
29364	537	4	New	New	NNP
29364	537	5	York	York	NNP
29364	537	6	,	,	,
29364	537	7	wants	want	VBZ
29364	537	8	to	to	TO
29364	537	9	transfer	transfer	VB
29364	537	10	money	money	NN
29364	537	11	to	to	IN
29364	537	12	B	b	NN
29364	537	13	,	,	,
29364	537	14	in	in	IN
29364	537	15	London	London	NNP
29364	537	16	.	.	.
29364	538	1	He	-PRON-	PRP
29364	538	2	goes	go	VBZ
29364	538	3	to	to	IN
29364	538	4	his	-PRON-	PRP$
29364	538	5	banker	banker	NN
29364	538	6	in	in	IN
29364	538	7	New	New	NNP
29364	538	8	York	York	NNP
29364	538	9	and	and	CC
29364	538	10	deposits	deposit	VBZ
29364	538	11	the	the	DT
29364	538	12	amount	amount	NN
29364	538	13	,	,	,
29364	538	14	in	in	IN
29364	538	15	dollars	dollar	NNS
29364	538	16	,	,	,
29364	538	17	with	with	IN
29364	538	18	him	-PRON-	PRP
29364	538	19	,	,	,
29364	538	20	requesting	request	VBG
29364	538	21	that	that	IN
29364	538	22	he	-PRON-	PRP
29364	538	23	(	(	-LRB-
29364	538	24	the	the	DT
29364	538	25	New	New	NNP
29364	538	26	York	York	NNP
29364	538	27	banker	banker	NN
29364	538	28	)	)	-RRB-
29364	538	29	instruct	instruct	VB
29364	538	30	his	-PRON-	PRP$
29364	538	31	correspondent	correspondent	NN
29364	538	32	in	in	IN
29364	538	33	London	London	NNP
29364	538	34	,	,	,
29364	538	35	by	by	IN
29364	538	36	cable	cable	NN
29364	538	37	,	,	,
29364	538	38	to	to	TO
29364	538	39	pay	pay	VB
29364	538	40	to	to	IN
29364	538	41	B	b	NN
29364	538	42	the	the	DT
29364	538	43	equivalent	equivalent	NN
29364	538	44	in	in	IN
29364	538	45	pounds	pound	NNS
29364	538	46	.	.	.
29364	539	1	The	the	DT
29364	539	2	transfer	transfer	NN
29364	539	3	is	be	VBZ
29364	539	4	immediate	immediate	JJ
29364	539	5	,	,	,
29364	539	6	the	the	DT
29364	539	7	cable	cable	NN
29364	539	8	being	be	VBG
29364	539	9	sent	send	VBN
29364	539	10	as	as	RB
29364	539	11	soon	soon	RB
29364	539	12	as	as	IN
29364	539	13	the	the	DT
29364	539	14	American	american	JJ
29364	539	15	banker	banker	NN
29364	539	16	receives	receive	VBZ
29364	539	17	the	the	DT
29364	539	18	money	money	NN
29364	539	19	on	on	IN
29364	539	20	this	this	DT
29364	539	21	end	end	NN
29364	539	22	.	.	.
29364	540	1	To	to	TO
29364	540	2	be	be	VB
29364	540	3	able	able	JJ
29364	540	4	to	to	TO
29364	540	5	instruct	instruct	VB
29364	540	6	its	-PRON-	PRP$
29364	540	7	correspondent	correspondent	NN
29364	540	8	in	in	IN
29364	540	9	London	London	NNP
29364	540	10	by	by	IN
29364	540	11	cable	cable	NN
29364	540	12	to	to	TO
29364	540	13	pay	pay	VB
29364	540	14	out	out	RP
29364	540	15	large	large	JJ
29364	540	16	sums	sum	NNS
29364	540	17	at	at	IN
29364	540	18	any	any	DT
29364	540	19	given	give	VBN
29364	540	20	time	time	NN
29364	540	21	,	,	,
29364	540	22	a	a	DT
29364	540	23	bank	bank	NN
29364	540	24	here	here	RB
29364	540	25	must	must	MD
29364	540	26	necessarily	necessarily	RB
29364	540	27	carry	carry	VB
29364	540	28	a	a	DT
29364	540	29	substantial	substantial	JJ
29364	540	30	credit	credit	NN
29364	540	31	balance	balance	NN
29364	540	32	abroad	abroad	RB
29364	540	33	.	.	.
29364	541	1	It	-PRON-	PRP
29364	541	2	would	would	MD
29364	541	3	be	be	VB
29364	541	4	possible	possible	JJ
29364	541	5	,	,	,
29364	541	6	of	of	IN
29364	541	7	course	course	NN
29364	541	8	,	,	,
29364	541	9	for	for	IN
29364	541	10	a	a	DT
29364	541	11	banker	banker	NN
29364	541	12	to	to	TO
29364	541	13	instruct	instruct	VB
29364	541	14	his	-PRON-	PRP$
29364	541	15	London	London	NNP
29364	541	16	agent	agent	NN
29364	541	17	by	by	IN
29364	541	18	cable	cable	NN
29364	541	19	to	to	TO
29364	541	20	pay	pay	VB
29364	541	21	out	out	RP
29364	541	22	a	a	DT
29364	541	23	sum	sum	NN
29364	541	24	of	of	IN
29364	541	25	money	money	NN
29364	541	26	,	,	,
29364	541	27	at	at	IN
29364	541	28	the	the	DT
29364	541	29	same	same	JJ
29364	541	30	time	time	NN
29364	541	31	cabling	cable	VBG
29364	541	32	him	-PRON-	PRP
29364	541	33	the	the	DT
29364	541	34	money	money	NN
29364	541	35	to	to	TO
29364	541	36	pay	pay	VB
29364	541	37	out	out	RP
29364	541	38	,	,	,
29364	541	39	but	but	CC
29364	541	40	this	this	DT
29364	541	41	operation	operation	NN
29364	541	42	of	of	IN
29364	541	43	selling	sell	VBG
29364	541	44	cables	cable	NNS
29364	541	45	against	against	IN
29364	541	46	cables	cable	NNS
29364	541	47	is	be	VBZ
29364	541	48	not	not	RB
29364	541	49	much	much	RB
29364	541	50	indulged	indulge	VBN
29364	541	51	in	in	RB
29364	541	52	--	--	:
29364	541	53	there	there	EX
29364	541	54	is	be	VBZ
29364	541	55	too	too	RB
29364	541	56	little	little	JJ
29364	541	57	chance	chance	NN
29364	541	58	of	of	IN
29364	541	59	profit	profit	NN
29364	541	60	in	in	IN
29364	541	61	it	-PRON-	PRP
29364	541	62	.	.	.
29364	542	1	Under	under	IN
29364	542	2	special	special	JJ
29364	542	3	circumstances	circumstance	NNS
29364	542	4	,	,	,
29364	542	5	however	however	RB
29364	542	6	,	,	,
29364	542	7	it	-PRON-	PRP
29364	542	8	can	can	MD
29364	542	9	be	be	VB
29364	542	10	seen	see	VBN
29364	542	11	that	that	IN
29364	542	12	a	a	DT
29364	542	13	house	house	NN
29364	542	14	anxious	anxious	JJ
29364	542	15	to	to	TO
29364	542	16	sell	sell	VB
29364	542	17	a	a	DT
29364	542	18	large	large	JJ
29364	542	19	cable	cable	NN
29364	542	20	and	and	CC
29364	542	21	not	not	RB
29364	542	22	having	have	VBG
29364	542	23	the	the	DT
29364	542	24	balance	balance	NN
29364	542	25	abroad	abroad	RB
29364	542	26	to	to	TO
29364	542	27	do	do	VB
29364	542	28	it	-PRON-	PRP
29364	542	29	,	,	,
29364	542	30	might	may	MD
29364	542	31	easily	easily	RB
29364	542	32	provide	provide	VB
29364	542	33	its	-PRON-	PRP$
29364	542	34	correspondent	correspondent	NN
29364	542	35	abroad	abroad	RB
29364	542	36	with	with	IN
29364	542	37	the	the	DT
29364	542	38	funds	fund	NNS
29364	542	39	by	by	IN
29364	542	40	going	go	VBG
29364	542	41	out	out	RB
29364	542	42	and	and	CC
29364	542	43	buying	buy	VBG
29364	542	44	a	a	DT
29364	542	45	cable	cable	NN
29364	542	46	itself	-PRON-	PRP
29364	542	47	.	.	.
29364	543	1	But	but	CC
29364	543	2	under	under	IN
29364	543	3	ordinary	ordinary	JJ
29364	543	4	circumstances	circumstance	NNS
29364	543	5	foreign	foreign	JJ
29364	543	6	exchange	exchange	NN
29364	543	7	dealers	dealer	NNS
29364	543	8	who	who	WP
29364	543	9	engage	engage	VBP
29364	543	10	in	in	IN
29364	543	11	the	the	DT
29364	543	12	business	business	NN
29364	543	13	of	of	IN
29364	543	14	selling	sell	VBG
29364	543	15	cables	cable	NNS
29364	543	16	carry	carry	VBP
29364	543	17	adequate	adequate	JJ
29364	543	18	balances	balance	NNS
29364	543	19	on	on	IN
29364	543	20	the	the	DT
29364	543	21	other	other	JJ
29364	543	22	side	side	NN
29364	543	23	,	,	,
29364	543	24	balances	balance	NNS
29364	543	25	which	which	WDT
29364	543	26	they	-PRON-	PRP
29364	543	27	keep	keep	VBP
29364	543	28	replenishing	replenish	VBG
29364	543	29	by	by	IN
29364	543	30	continuous	continuous	JJ
29364	543	31	remittances	remittance	NNS
29364	543	32	of	of	IN
29364	543	33	demand	demand	NN
29364	543	34	exchange	exchange	NN
29364	543	35	.	.	.
29364	544	1	Which	which	WDT
29364	544	2	in	in	IN
29364	544	3	itself	-PRON-	PRP
29364	544	4	constitutes	constitute	VBZ
29364	544	5	an	an	DT
29364	544	6	important	important	JJ
29364	544	7	form	form	NN
29364	544	8	of	of	IN
29364	544	9	foreign	foreign	JJ
29364	544	10	exchange	exchange	NN
29364	544	11	activity	activity	NN
29364	544	12	and	and	CC
29364	544	13	an	an	DT
29364	544	14	operation	operation	NN
29364	544	15	out	out	IN
29364	544	16	of	of	IN
29364	544	17	which	which	WDT
29364	544	18	many	many	JJ
29364	544	19	large	large	JJ
29364	544	20	houses	house	NNS
29364	544	21	make	make	VBP
29364	544	22	a	a	DT
29364	544	23	good	good	JJ
29364	544	24	deal	deal	NN
29364	544	25	of	of	IN
29364	544	26	money	money	NN
29364	544	27	.	.	.
29364	545	1	All	all	PDT
29364	545	2	the	the	DT
29364	545	3	parties	party	NNS
29364	545	4	involved	involve	VBD
29364	545	5	being	be	VBG
29364	545	6	bankers	banker	NNS
29364	545	7	there	there	EX
29364	545	8	is	be	VBZ
29364	545	9	little	little	JJ
29364	545	10	risk	risk	NN
29364	545	11	in	in	IN
29364	545	12	business	business	NN
29364	545	13	of	of	IN
29364	545	14	this	this	DT
29364	545	15	kind	kind	NN
29364	545	16	;	;	:
29364	545	17	but	but	CC
29364	545	18	,	,	,
29364	545	19	on	on	IN
29364	545	20	the	the	DT
29364	545	21	other	other	JJ
29364	545	22	hand	hand	NN
29364	545	23	,	,	,
29364	545	24	the	the	DT
29364	545	25	margin	margin	NN
29364	545	26	of	of	IN
29364	545	27	profit	profit	NN
29364	545	28	is	be	VBZ
29364	545	29	small	small	JJ
29364	545	30	,	,	,
29364	545	31	and	and	CC
29364	545	32	in	in	IN
29364	545	33	order	order	NN
29364	545	34	to	to	TO
29364	545	35	make	make	VB
29364	545	36	any	any	DT
29364	545	37	money	money	NN
29364	545	38	out	out	IN
29364	545	39	of	of	IN
29364	545	40	it	-PRON-	PRP
29364	545	41	,	,	,
29364	545	42	it	-PRON-	PRP
29364	545	43	is	be	VBZ
29364	545	44	necessary	necessary	JJ
29364	545	45	that	that	IN
29364	545	46	very	very	RB
29364	545	47	large	large	JJ
29364	545	48	amounts	amount	NNS
29364	545	49	of	of	IN
29364	545	50	money	money	NN
29364	545	51	be	be	VB
29364	545	52	turned	turn	VBN
29364	545	53	over	over	RP
29364	545	54	.	.	.
29364	546	1	The	the	DT
29364	546	2	average	average	JJ
29364	546	3	profit	profit	NN
29364	546	4	,	,	,
29364	546	5	for	for	IN
29364	546	6	instance	instance	NN
29364	546	7	,	,	,
29364	546	8	realized	realize	VBN
29364	546	9	in	in	IN
29364	546	10	the	the	DT
29364	546	11	New	New	NNP
29364	546	12	York	York	NNP
29364	546	13	exchange	exchange	NN
29364	546	14	market	market	NN
29364	546	15	from	from	IN
29364	546	16	straight	straight	JJ
29364	546	17	sales	sale	NNS
29364	546	18	of	of	IN
29364	546	19	cables	cable	NNS
29364	546	20	against	against	IN
29364	546	21	remittances	remittance	NNS
29364	546	22	of	of	IN
29364	546	23	checks	check	NNS
29364	546	24	is	be	VBZ
29364	546	25	fifteen	fifteen	CD
29364	546	26	points	point	NNS
29364	546	27	(	(	-LRB-
29364	546	28	15/100	15/100	CD
29364	546	29	of	of	IN
29364	546	30	a	a	DT
29364	546	31	cent	cent	NN
29364	546	32	per	per	IN
29364	546	33	pound	pound	NN
29364	546	34	sterling	sterling	NN
29364	546	35	)	)	-RRB-
29364	546	36	.	.	.
29364	547	1	That	that	DT
29364	547	2	means	mean	VBZ
29364	547	3	that	that	IN
29364	547	4	on	on	IN
29364	547	5	every	every	DT
29364	547	6	£	£	$
29364	547	7	10,000	10,000	CD
29364	547	8	,	,	,
29364	547	9	the	the	DT
29364	547	10	gross	gross	JJ
29364	547	11	profit	profit	NN
29364	547	12	would	would	MD
29364	547	13	be	be	VB
29364	547	14	$	$	$
29364	547	15	15.00	15.00	CD
29364	547	16	.	.	.
29364	548	1	A	a	DT
29364	548	2	daily	daily	JJ
29364	548	3	turnover	turnover	NN
29364	548	4	of	of	IN
29364	548	5	£	£	$
29364	548	6	50,000	50,000	CD
29364	548	7	,	,	,
29364	548	8	therefore	therefore	RB
29364	548	9	,	,	,
29364	548	10	would	would	MD
29364	548	11	result	result	VB
29364	548	12	in	in	IN
29364	548	13	a	a	DT
29364	548	14	gross	gross	JJ
29364	548	15	profit	profit	NN
29364	548	16	of	of	IN
29364	548	17	$	$	$
29364	548	18	75	75	CD
29364	548	19	a	a	DT
29364	548	20	day	day	NN
29364	548	21	.	.	.
29364	549	1	It	-PRON-	PRP
29364	549	2	may	may	MD
29364	549	3	seem	seem	VB
29364	549	4	strange	strange	JJ
29364	549	5	that	that	IN
29364	549	6	bankers	banker	NNS
29364	549	7	should	should	MD
29364	549	8	be	be	VB
29364	549	9	willing	willing	JJ
29364	549	10	to	to	TO
29364	549	11	turn	turn	VB
29364	549	12	over	over	RP
29364	549	13	so	so	RB
29364	549	14	large	large	JJ
29364	549	15	an	an	DT
29364	549	16	amount	amount	NN
29364	549	17	of	of	IN
29364	549	18	money	money	NN
29364	549	19	for	for	IN
29364	549	20	so	so	RB
29364	549	21	small	small	JJ
29364	549	22	a	a	DT
29364	549	23	profit	profit	NN
29364	549	24	,	,	,
29364	549	25	even	even	RB
29364	549	26	where	where	WRB
29364	549	27	the	the	DT
29364	549	28	risk	risk	NN
29364	549	29	has	have	VBZ
29364	549	30	been	be	VBN
29364	549	31	reduced	reduce	VBN
29364	549	32	to	to	IN
29364	549	33	a	a	DT
29364	549	34	minimum	minimum	NN
29364	549	35	,	,	,
29364	549	36	but	but	CC
29364	549	37	that	that	DT
29364	549	38	is	be	VBZ
29364	549	39	the	the	DT
29364	549	40	case	case	NN
29364	549	41	.	.	.
29364	550	1	Very	very	RB
29364	550	2	often	often	RB
29364	550	3	cables	cable	NNS
29364	550	4	are	be	VBP
29364	550	5	sold	sell	VBN
29364	550	6	against	against	IN
29364	550	7	balances	balance	NNS
29364	550	8	which	which	WDT
29364	550	9	have	have	VBP
29364	550	10	been	be	VBN
29364	550	11	accumulated	accumulate	VBN
29364	550	12	by	by	IN
29364	550	13	remittance	remittance	NN
29364	550	14	of	of	IN
29364	550	15	all	all	DT
29364	550	16	sorts	sort	NNS
29364	550	17	of	of	IN
29364	550	18	bills	bill	NNS
29364	550	19	other	other	JJ
29364	550	20	than	than	IN
29364	550	21	demand	demand	NN
29364	550	22	,	,	,
29364	550	23	but	but	CC
29364	550	24	there	there	EX
29364	550	25	are	be	VBP
29364	550	26	several	several	JJ
29364	550	27	large	large	JJ
29364	550	28	American	american	JJ
29364	550	29	institutions	institution	NNS
29364	550	30	whose	whose	WP$
29364	550	31	foreign	foreign	JJ
29364	550	32	exchange	exchange	NN
29364	550	33	business	business	NN
29364	550	34	consists	consist	VBZ
29364	550	35	principally	principally	RB
29364	550	36	of	of	IN
29364	550	37	the	the	DT
29364	550	38	regulation	regulation	NN
29364	550	39	selling	selling	NN
29364	550	40	of	of	IN
29364	550	41	cables	cable	NNS
29364	550	42	against	against	IN
29364	550	43	remittances	remittance	NNS
29364	550	44	of	of	IN
29364	550	45	demand	demand	NN
29364	550	46	bills	bill	NNS
29364	550	47	.	.	.
29364	551	1	By	by	IN
29364	551	2	reason	reason	NN
29364	551	3	of	of	IN
29364	551	4	their	-PRON-	PRP$
29364	551	5	large	large	JJ
29364	551	6	deposits	deposit	NNS
29364	551	7	they	-PRON-	PRP
29364	551	8	are	be	VBP
29364	551	9	in	in	IN
29364	551	10	a	a	DT
29364	551	11	position	position	NN
29364	551	12	to	to	TO
29364	551	13	carry	carry	VB
29364	551	14	full	full	JJ
29364	551	15	balances	balance	NNS
29364	551	16	abroad	abroad	RB
29364	551	17	,	,	,
29364	551	18	while	while	IN
29364	551	19	in	in	IN
29364	551	20	the	the	DT
29364	551	21	course	course	NN
29364	551	22	of	of	IN
29364	551	23	their	-PRON-	PRP$
29364	551	24	regular	regular	JJ
29364	551	25	business	business	NN
29364	551	26	a	a	DT
29364	551	27	good	good	JJ
29364	551	28	deal	deal	NN
29364	551	29	of	of	IN
29364	551	30	sight	sight	NN
29364	551	31	exchange	exchange	NN
29364	551	32	of	of	IN
29364	551	33	high	high	JJ
29364	551	34	class	class	NN
29364	551	35	comes	come	VBZ
29364	551	36	across	across	IN
29364	551	37	their	-PRON-	PRP$
29364	551	38	counters	counter	NNS
29364	551	39	.	.	.
29364	552	1	All	all	PDT
29364	552	2	the	the	DT
29364	552	3	necessary	necessary	JJ
29364	552	4	elements	element	NNS
29364	552	5	for	for	IN
29364	552	6	doing	do	VBG
29364	552	7	the	the	DT
29364	552	8	business	business	NN
29364	552	9	being	be	VBG
29364	552	10	there	there	RB
29364	552	11	,	,	,
29364	552	12	it	-PRON-	PRP
29364	552	13	only	only	RB
29364	552	14	remains	remain	VBZ
29364	552	15	for	for	IN
29364	552	16	such	such	PDT
29364	552	17	an	an	DT
29364	552	18	institution	institution	NN
29364	552	19	to	to	TO
29364	552	20	employ	employ	VB
29364	552	21	a	a	DT
29364	552	22	man	man	NN
29364	552	23	capable	capable	JJ
29364	552	24	of	of	IN
29364	552	25	directing	direct	VBG
29364	552	26	the	the	DT
29364	552	27	actual	actual	JJ
29364	552	28	transactions	transaction	NNS
29364	552	29	.	.	.
29364	553	1	The	the	DT
29364	553	2	risk	risk	NN
29364	553	3	is	be	VBZ
29364	553	4	trifling	trifle	VBG
29364	553	5	,	,	,
29364	553	6	the	the	DT
29364	553	7	advertisement	advertisement	NN
29364	553	8	is	be	VBZ
29364	553	9	world	world	NN
29364	553	10	-	-	HYPH
29364	553	11	wide	wide	RB
29364	553	12	,	,	,
29364	553	13	the	the	DT
29364	553	14	accommodation	accommodation	NN
29364	553	15	of	of	IN
29364	553	16	customers	customer	NNS
29364	553	17	is	be	VBZ
29364	553	18	being	be	VBG
29364	553	19	attended	attend	VBN
29364	553	20	to	to	TO
29364	553	21	,	,	,
29364	553	22	and	and	CC
29364	553	23	there	there	EX
29364	553	24	is	be	VBZ
29364	553	25	considerable	considerable	JJ
29364	553	26	actual	actual	JJ
29364	553	27	money	money	NN
29364	553	28	profit	profit	NN
29364	553	29	to	to	TO
29364	553	30	be	be	VB
29364	553	31	made	make	VBN
29364	553	32	.	.	.
29364	554	1	The	the	DT
29364	554	2	business	business	NN
29364	554	3	in	in	IN
29364	554	4	many	many	JJ
29364	554	5	respects	respect	NNS
29364	554	6	is	be	VBZ
29364	554	7	thus	thus	RB
29364	554	8	highly	highly	RB
29364	554	9	desirable	desirable	JJ
29364	554	10	.	.	.
29364	555	1	3	3	LS
29364	555	2	.	.	.
29364	556	1	_	_	NNP
29364	556	2	Selling	sell	VBG
29364	556	3	"	"	``
29364	556	4	Demand	demand	NN
29364	556	5	"	"	''
29364	556	6	Bills	bill	NNS
29364	556	7	Against	against	IN
29364	556	8	Remittances	Remittances	NNPS
29364	556	9	of	of	IN
29364	556	10	Long	Long	NNP
29364	556	11	Bills	Bills	NNPS
29364	556	12	_	_	XX
29364	556	13	If	if	IN
29364	556	14	there	there	EX
29364	556	15	is	be	VBZ
29364	556	16	a	a	DT
29364	556	17	stock	stock	NN
29364	556	18	operation	operation	NN
29364	556	19	in	in	IN
29364	556	20	the	the	DT
29364	556	21	conduct	conduct	NN
29364	556	22	of	of	IN
29364	556	23	a	a	DT
29364	556	24	foreign	foreign	JJ
29364	556	25	exchange	exchange	NN
29364	556	26	business	business	NN
29364	556	27	it	-PRON-	PRP
29364	556	28	is	be	VBZ
29364	556	29	the	the	DT
29364	556	30	selling	selling	NN
29364	556	31	by	by	IN
29364	556	32	bankers	banker	NNS
29364	556	33	of	of	IN
29364	556	34	their	-PRON-	PRP$
29364	556	35	demand	demand	NN
29364	556	36	bills	bill	NNS
29364	556	37	of	of	IN
29364	556	38	exchange	exchange	NN
29364	556	39	against	against	IN
29364	556	40	remittances	remittance	NNS
29364	556	41	of	of	IN
29364	556	42	commercial	commercial	NN
29364	556	43	and	and	CC
29364	556	44	bankers	banker	NNS
29364	556	45	'	'	POS
29364	556	46	long	long	JJ
29364	556	47	paper	paper	NN
29364	556	48	.	.	.
29364	557	1	Bills	bill	NNS
29364	557	2	of	of	IN
29364	557	3	the	the	DT
29364	557	4	latter	latter	JJ
29364	557	5	class	class	NN
29364	557	6	,	,	,
29364	557	7	as	as	IN
29364	557	8	has	have	VBZ
29364	557	9	been	be	VBN
29364	557	10	pointed	point	VBN
29364	557	11	out	out	RP
29364	557	12	,	,	,
29364	557	13	make	make	VB
29364	557	14	up	up	RP
29364	557	15	the	the	DT
29364	557	16	bulk	bulk	NN
29364	557	17	of	of	IN
29364	557	18	foreign	foreign	JJ
29364	557	19	exchange	exchange	NN
29364	557	20	traded	trade	VBN
29364	557	21	in	in	RP
29364	557	22	,	,	,
29364	557	23	and	and	CC
29364	557	24	its	-PRON-	PRP$
29364	557	25	disposal	disposal	NN
29364	557	26	naturally	naturally	RB
29364	557	27	is	be	VBZ
29364	557	28	the	the	DT
29364	557	29	most	most	RBS
29364	557	30	important	important	JJ
29364	557	31	phase	phase	NN
29364	557	32	of	of	IN
29364	557	33	foreign	foreign	JJ
29364	557	34	exchange	exchange	NN
29364	557	35	business	business	NN
29364	557	36	.	.	.
29364	558	1	For	for	IN
29364	558	2	after	after	RB
29364	558	3	all	all	RB
29364	558	4	,	,	,
29364	558	5	all	all	DT
29364	558	6	cabling	cable	VBG
29364	558	7	,	,	,
29364	558	8	arbitraging	arbitrage	VBG
29364	558	9	in	in	IN
29364	558	10	exchange	exchange	NN
29364	558	11	,	,	,
29364	558	12	drawing	drawing	NN
29364	558	13	of	of	IN
29364	558	14	finance	finance	NN
29364	558	15	bills	bill	NNS
29364	558	16	,	,	,
29364	558	17	etc	etc	FW
29364	558	18	.	.	FW
29364	558	19	,	,	,
29364	558	20	is	be	VBZ
29364	558	21	only	only	RB
29364	558	22	incidental	incidental	JJ
29364	558	23	.	.	.
29364	559	1	What	what	WP
29364	559	2	the	the	DT
29364	559	3	foreign	foreign	JJ
29364	559	4	exchange	exchange	NN
29364	559	5	business	business	NN
29364	559	6	really	really	RB
29364	559	7	is	be	VBZ
29364	559	8	grounded	ground	VBN
29364	559	9	on	on	IN
29364	559	10	is	be	VBZ
29364	559	11	the	the	DT
29364	559	12	existence	existence	NN
29364	559	13	of	of	IN
29364	559	14	commercial	commercial	JJ
29364	559	15	bills	bill	NNS
29364	559	16	called	call	VBN
29364	559	17	into	into	IN
29364	559	18	existence	existence	NN
29364	559	19	by	by	IN
29364	559	20	exports	export	NNS
29364	559	21	of	of	IN
29364	559	22	merchandise	merchandise	NN
29364	559	23	.	.	.
29364	560	1	There	there	EX
29364	560	2	are	be	VBP
29364	560	3	houses	house	NNS
29364	560	4	doing	do	VBG
29364	560	5	an	an	DT
29364	560	6	extensive	extensive	JJ
29364	560	7	exchange	exchange	NN
29364	560	8	business	business	NN
29364	560	9	who	who	WP
29364	560	10	never	never	RB
29364	560	11	buy	buy	VBP
29364	560	12	commercial	commercial	JJ
29364	560	13	long	long	JJ
29364	560	14	bills	bill	NNS
29364	560	15	,	,	,
29364	560	16	but	but	CC
29364	560	17	the	the	DT
29364	560	18	operations	operation	NNS
29364	560	19	they	-PRON-	PRP
29364	560	20	carry	carry	VBP
29364	560	21	on	on	RP
29364	560	22	are	be	VBP
29364	560	23	made	make	VBN
29364	560	24	possible	possible	JJ
29364	560	25	only	only	RB
29364	560	26	by	by	IN
29364	560	27	the	the	DT
29364	560	28	fact	fact	NN
29364	560	29	that	that	IN
29364	560	30	most	most	JJS
29364	560	31	other	other	JJ
29364	560	32	houses	house	NNS
29364	560	33	do	do	VBP
29364	560	34	.	.	.
29364	561	1	A	a	DT
29364	561	2	foreign	foreign	JJ
29364	561	3	exchange	exchange	NN
29364	561	4	department	department	NN
29364	561	5	which	which	WDT
29364	561	6	does	do	VBZ
29364	561	7	not	not	RB
29364	561	8	handle	handle	VB
29364	561	9	this	this	DT
29364	561	10	kind	kind	NN
29364	561	11	of	of	IN
29364	561	12	exchange	exchange	NN
29364	561	13	is	be	VBZ
29364	561	14	necessarily	necessarily	RB
29364	561	15	on	on	IN
29364	561	16	the	the	DT
29364	561	17	"	"	``
29364	561	18	outside	outside	NN
29364	561	19	"	"	''
29364	561	20	of	of	IN
29364	561	21	the	the	DT
29364	561	22	real	real	JJ
29364	561	23	business	business	NN
29364	561	24	--	--	:
29364	561	25	is	be	VBZ
29364	561	26	like	like	IN
29364	561	27	a	a	DT
29364	561	28	bond	bond	NN
29364	561	29	broker	broker	NN
29364	561	30	who	who	WP
29364	561	31	does	do	VBZ
29364	561	32	not	not	RB
29364	561	33	carry	carry	VB
29364	561	34	bonds	bond	NNS
29364	561	35	with	with	IN
29364	561	36	his	-PRON-	PRP$
29364	561	37	own	own	JJ
29364	561	38	money	money	NN
29364	561	39	but	but	CC
29364	561	40	merely	merely	RB
29364	561	41	trades	trade	VBZ
29364	561	42	in	in	IN
29364	561	43	and	and	CC
29364	561	44	out	out	IN
29364	561	45	on	on	IN
29364	561	46	other	other	JJ
29364	561	47	people	people	NNS
29364	561	48	's	's	POS
29364	561	49	operations	operation	NNS
29364	561	50	.	.	.
29364	562	1	Buying	buy	VBG
29364	562	2	and	and	CC
29364	562	3	remitting	remit	VBG
29364	562	4	commercial	commercial	JJ
29364	562	5	long	long	JJ
29364	562	6	bills	bill	NNS
29364	562	7	is	be	VBZ
29364	562	8	,	,	,
29364	562	9	however	however	RB
29364	562	10	,	,	,
29364	562	11	no	no	DT
29364	562	12	pastime	pastime	NN
29364	562	13	for	for	IN
29364	562	14	an	an	DT
29364	562	15	inexperienced	inexperienced	JJ
29364	562	16	man	man	NN
29364	562	17	.	.	.
29364	563	1	Entirely	entirely	RB
29364	563	2	aside	aside	RB
29364	563	3	from	from	IN
29364	563	4	the	the	DT
29364	563	5	question	question	NN
29364	563	6	of	of	IN
29364	563	7	rate	rate	NN
29364	563	8	,	,	,
29364	563	9	and	and	CC
29364	563	10	profit	profit	NN
29364	563	11	on	on	IN
29364	563	12	the	the	DT
29364	563	13	exchange	exchange	NN
29364	563	14	end	end	NN
29364	563	15	of	of	IN
29364	563	16	the	the	DT
29364	563	17	transaction	transaction	NN
29364	563	18	,	,	,
29364	563	19	there	there	EX
29364	563	20	must	must	MD
29364	563	21	be	be	VB
29364	563	22	taken	take	VBN
29364	563	23	into	into	IN
29364	563	24	consideration	consideration	NN
29364	563	25	the	the	DT
29364	563	26	matter	matter	NN
29364	563	27	of	of	IN
29364	563	28	the	the	DT
29364	563	29	credit	credit	NN
29364	563	30	of	of	IN
29364	563	31	the	the	DT
29364	563	32	drawer	drawer	NN
29364	563	33	and	and	CC
29364	563	34	the	the	DT
29364	563	35	drawee	drawee	NN
29364	563	36	,	,	,
29364	563	37	the	the	DT
29364	563	38	salability	salability	NN
29364	563	39	of	of	IN
29364	563	40	the	the	DT
29364	563	41	merchandise	merchandise	NN
29364	563	42	specified	specify	VBN
29364	563	43	in	in	IN
29364	563	44	the	the	DT
29364	563	45	bill	bill	NN
29364	563	46	of	of	IN
29364	563	47	lading	lading	NN
29364	563	48	,	,	,
29364	563	49	and	and	CC
29364	563	50	a	a	DT
29364	563	51	number	number	NN
29364	563	52	of	of	IN
29364	563	53	other	other	JJ
29364	563	54	important	important	JJ
29364	563	55	points	point	NNS
29364	563	56	.	.	.
29364	564	1	This	this	DT
29364	564	2	question	question	NN
29364	564	3	of	of	IN
29364	564	4	credit	credit	NN
29364	564	5	,	,	,
29364	564	6	underlying	underlie	VBG
29364	564	7	to	to	IN
29364	564	8	so	so	RB
29364	564	9	great	great	JJ
29364	564	10	a	a	DT
29364	564	11	degree	degree	NN
29364	564	12	the	the	DT
29364	564	13	whole	whole	JJ
29364	564	14	business	business	NN
29364	564	15	of	of	IN
29364	564	16	buying	buy	VBG
29364	564	17	commercial	commercial	JJ
29364	564	18	long	long	JJ
29364	564	19	paper	paper	NN
29364	564	20	,	,	,
29364	564	21	will	will	MD
29364	564	22	be	be	VB
29364	564	23	considered	consider	VBN
29364	564	24	first	first	RB
29364	564	25	.	.	.
29364	565	1	The	the	DT
29364	565	2	completely	completely	RB
29364	565	3	equipped	equip	VBN
29364	565	4	exchange	exchange	NN
29364	565	5	department	department	NNP
29364	565	6	has	have	VBZ
29364	565	7	at	at	IN
29364	565	8	its	-PRON-	PRP$
29364	565	9	disposal	disposal	NN
29364	565	10	all	all	PDT
29364	565	11	the	the	DT
29364	565	12	machinery	machinery	NN
29364	565	13	necessary	necessary	JJ
29364	565	14	for	for	IN
29364	565	15	investigating	investigate	VBG
29364	565	16	expeditiously	expeditiously	RB
29364	565	17	the	the	DT
29364	565	18	standing	standing	JJ
29364	565	19	and	and	CC
29364	565	20	financial	financial	JJ
29364	565	21	strength	strength	NN
29364	565	22	of	of	IN
29364	565	23	any	any	DT
29364	565	24	firm	firm	NN
29364	565	25	whose	whose	WP$
29364	565	26	bills	bill	NNS
29364	565	27	are	be	VBP
29364	565	28	likely	likely	JJ
29364	565	29	to	to	TO
29364	565	30	be	be	VB
29364	565	31	offered	offer	VBN
29364	565	32	in	in	IN
29364	565	33	the	the	DT
29364	565	34	exchange	exchange	NN
29364	565	35	market	market	NN
29364	565	36	.	.	.
29364	566	1	Such	such	JJ
29364	566	2	facilities	facility	NNS
29364	566	3	are	be	VBP
29364	566	4	afforded	afford	VBN
29364	566	5	by	by	IN
29364	566	6	subscription	subscription	NN
29364	566	7	to	to	IN
29364	566	8	the	the	DT
29364	566	9	two	two	CD
29364	566	10	leading	lead	VBG
29364	566	11	mercantile	mercantile	NN
29364	566	12	agencies	agency	NNS
29364	566	13	,	,	,
29364	566	14	but	but	CC
29364	566	15	in	in	IN
29364	566	16	addition	addition	NN
29364	566	17	to	to	IN
29364	566	18	this	this	DT
29364	566	19	,	,	,
29364	566	20	the	the	DT
29364	566	21	experienced	experienced	JJ
29364	566	22	exchange	exchange	NN
29364	566	23	manager	manager	NN
29364	566	24	has	have	VBZ
29364	566	25	at	at	IN
29364	566	26	his	-PRON-	PRP$
29364	566	27	command	command	NN
29364	566	28	private	private	JJ
29364	566	29	sources	source	NNS
29364	566	30	of	of	IN
29364	566	31	information	information	NN
29364	566	32	which	which	WDT
29364	566	33	can	can	MD
29364	566	34	be	be	VB
29364	566	35	applied	apply	VBN
29364	566	36	to	to	IN
29364	566	37	practically	practically	RB
29364	566	38	every	every	DT
29364	566	39	firm	firm	NN
29364	566	40	engaged	engage	VBD
29364	566	41	in	in	IN
29364	566	42	the	the	DT
29364	566	43	export	export	NN
29364	566	44	business	business	NN
29364	566	45	.	.	.
29364	567	1	The	the	DT
29364	567	2	larger	large	JJR
29364	567	3	banks	bank	NNS
29364	567	4	,	,	,
29364	567	5	of	of	IN
29364	567	6	course	course	NN
29364	567	7	,	,	,
29364	567	8	all	all	DT
29364	567	9	have	have	VBP
29364	567	10	a	a	DT
29364	567	11	regular	regular	JJ
29364	567	12	credit	credit	NN
29364	567	13	man	man	NN
29364	567	14	,	,	,
29364	567	15	one	one	CD
29364	567	16	of	of	IN
29364	567	17	whose	whose	WP$
29364	567	18	chief	chief	JJ
29364	567	19	duties	duty	NNS
29364	567	20	nowadays	nowadays	RB
29364	567	21	is	be	VBZ
29364	567	22	to	to	TO
29364	567	23	assist	assist	VB
29364	567	24	in	in	IN
29364	567	25	the	the	DT
29364	567	26	handling	handling	NN
29364	567	27	of	of	IN
29364	567	28	the	the	DT
29364	567	29	bank	bank	NN
29364	567	30	's	's	POS
29364	567	31	foreign	foreign	JJ
29364	567	32	exchange	exchange	NN
29364	567	33	business	business	NN
29364	567	34	.	.	.
29364	568	1	So	so	RB
29364	568	2	perfect	perfect	JJ
29364	568	3	does	do	VBZ
29364	568	4	the	the	DT
29364	568	5	organization	organization	NN
29364	568	6	become	become	VB
29364	568	7	after	after	IN
29364	568	8	a	a	DT
29364	568	9	few	few	JJ
29364	568	10	years	year	NNS
29364	568	11	of	of	IN
29364	568	12	the	the	DT
29364	568	13	actual	actual	JJ
29364	568	14	transaction	transaction	NN
29364	568	15	of	of	IN
29364	568	16	a	a	DT
29364	568	17	foreign	foreign	JJ
29364	568	18	exchange	exchange	NN
29364	568	19	business	business	NN
29364	568	20	that	that	WDT
29364	568	21	the	the	DT
29364	568	22	standing	standing	NN
29364	568	23	of	of	IN
29364	568	24	practically	practically	RB
29364	568	25	any	any	DT
29364	568	26	bill	bill	NN
29364	568	27	taken	take	VBN
29364	568	28	by	by	IN
29364	568	29	a	a	DT
29364	568	30	broker	broker	NN
29364	568	31	into	into	IN
29364	568	32	a	a	DT
29364	568	33	bank	bank	NN
29364	568	34	,	,	,
29364	568	35	for	for	IN
29364	568	36	sale	sale	NN
29364	568	37	,	,	,
29364	568	38	can	can	MD
29364	568	39	be	be	VB
29364	568	40	passed	pass	VBN
29364	568	41	upon	upon	IN
29364	568	42	instantly	instantly	RB
29364	568	43	.	.	.
29364	569	1	New	new	JJ
29364	569	2	firms	firm	NNS
29364	569	3	come	come	VBP
29364	569	4	into	into	IN
29364	569	5	existence	existence	NN
29364	569	6	,	,	,
29364	569	7	of	of	IN
29364	569	8	course	course	NN
29364	569	9	,	,	,
29364	569	10	and	and	CC
29364	569	11	have	have	VBP
29364	569	12	to	to	TO
29364	569	13	be	be	VB
29364	569	14	fully	fully	RB
29364	569	15	investigated	investigate	VBN
29364	569	16	,	,	,
29364	569	17	but	but	CC
29364	569	18	the	the	DT
29364	569	19	experienced	experienced	JJ
29364	569	20	manager	manager	NN
29364	569	21	of	of	IN
29364	569	22	a	a	DT
29364	569	23	foreign	foreign	JJ
29364	569	24	department	department	NN
29364	569	25	can	can	MD
29364	569	26	tell	tell	VB
29364	569	27	almost	almost	RB
29364	569	28	offhand	offhand	JJ
29364	569	29	whether	whether	IN
29364	569	30	he	-PRON-	PRP
29364	569	31	wants	want	VBZ
29364	569	32	a	a	DT
29364	569	33	bill	bill	NN
29364	569	34	of	of	IN
29364	569	35	any	any	DT
29364	569	36	given	give	VBN
29364	569	37	name	name	NN
29364	569	38	or	or	CC
29364	569	39	not	not	RB
29364	569	40	.	.	.
29364	570	1	Where	where	WRB
29364	570	2	documents	document	NNS
29364	570	3	accompany	accompany	VBP
29364	570	4	the	the	DT
29364	570	5	draft	draft	NN
29364	570	6	and	and	CC
29364	570	7	the	the	DT
29364	570	8	merchandise	merchandise	NN
29364	570	9	is	be	VBZ
29364	570	10	formally	formally	RB
29364	570	11	hypothecated	hypothecate	VBN
29364	570	12	to	to	IN
29364	570	13	the	the	DT
29364	570	14	buyer	buyer	NN
29364	570	15	of	of	IN
29364	570	16	the	the	DT
29364	570	17	draft	draft	NN
29364	570	18	,	,	,
29364	570	19	it	-PRON-	PRP
29364	570	20	might	may	MD
29364	570	21	not	not	RB
29364	570	22	be	be	VB
29364	570	23	thought	think	VBN
29364	570	24	that	that	IN
29364	570	25	the	the	DT
29364	570	26	standing	standing	NN
29364	570	27	of	of	IN
29364	570	28	the	the	DT
29364	570	29	drawer	drawer	NN
29364	570	30	would	would	MD
29364	570	31	be	be	VB
29364	570	32	of	of	IN
29364	570	33	such	such	JJ
29364	570	34	great	great	JJ
29364	570	35	importance	importance	NN
29364	570	36	.	.	.
29364	571	1	Possession	possession	NN
29364	571	2	of	of	IN
29364	571	3	the	the	DT
29364	571	4	merchandise	merchandise	NN
29364	571	5	,	,	,
29364	571	6	it	-PRON-	PRP
29364	571	7	is	be	VBZ
29364	571	8	true	true	JJ
29364	571	9	,	,	,
29364	571	10	gives	give	VBZ
29364	571	11	the	the	DT
29364	571	12	banker	banker	NN
29364	571	13	a	a	DT
29364	571	14	certain	certain	JJ
29364	571	15	form	form	NN
29364	571	16	of	of	IN
29364	571	17	security	security	NN
29364	571	18	in	in	IN
29364	571	19	case	case	NN
29364	571	20	acceptance	acceptance	NN
29364	571	21	of	of	IN
29364	571	22	the	the	DT
29364	571	23	bill	bill	NN
29364	571	24	is	be	VBZ
29364	571	25	refused	refuse	VBN
29364	571	26	by	by	IN
29364	571	27	the	the	DT
29364	571	28	parties	party	NNS
29364	571	29	on	on	IN
29364	571	30	whom	whom	WP
29364	571	31	it	-PRON-	PRP
29364	571	32	is	be	VBZ
29364	571	33	drawn	draw	VBN
29364	571	34	or	or	CC
29364	571	35	in	in	IN
29364	571	36	case	case	NN
29364	571	37	they	-PRON-	PRP
29364	571	38	refuse	refuse	VBP
29364	571	39	to	to	TO
29364	571	40	pay	pay	VB
29364	571	41	it	-PRON-	PRP
29364	571	42	when	when	WRB
29364	571	43	it	-PRON-	PRP
29364	571	44	comes	come	VBZ
29364	571	45	due	due	JJ
29364	571	46	,	,	,
29364	571	47	but	but	CC
29364	571	48	the	the	DT
29364	571	49	disposal	disposal	NN
29364	571	50	of	of	IN
29364	571	51	such	such	JJ
29364	571	52	collateral	collateral	NN
29364	571	53	is	be	VBZ
29364	571	54	a	a	DT
29364	571	55	burdensome	burdensome	JJ
29364	571	56	and	and	CC
29364	571	57	often	often	RB
29364	571	58	expensive	expensive	JJ
29364	571	59	operation	operation	NN
29364	571	60	.	.	.
29364	572	1	The	the	DT
29364	572	2	banker	banker	NN
29364	572	3	in	in	IN
29364	572	4	New	New	NNP
29364	572	5	York	York	NNP
29364	572	6	who	who	WP
29364	572	7	buys	buy	VBZ
29364	572	8	a	a	DT
29364	572	9	sixty	sixty	CD
29364	572	10	-	-	HYPH
29364	572	11	day	day	NN
29364	572	12	draft	draft	NN
29364	572	13	drawn	draw	VBN
29364	572	14	against	against	IN
29364	572	15	a	a	DT
29364	572	16	shipment	shipment	NN
29364	572	17	of	of	IN
29364	572	18	butter	butter	NN
29364	572	19	is	be	VBZ
29364	572	20	presumably	presumably	RB
29364	572	21	not	not	RB
29364	572	22	an	an	DT
29364	572	23	expert	expert	NN
29364	572	24	on	on	IN
29364	572	25	the	the	DT
29364	572	26	butter	butter	NN
29364	572	27	market	market	NN
29364	572	28	and	and	CC
29364	572	29	if	if	IN
29364	572	30	he	-PRON-	PRP
29364	572	31	should	should	MD
29364	572	32	be	be	VB
29364	572	33	forced	force	VBN
29364	572	34	to	to	TO
29364	572	35	sell	sell	VB
29364	572	36	the	the	DT
29364	572	37	butter	butter	NN
29364	572	38	,	,	,
29364	572	39	might	may	MD
29364	572	40	not	not	RB
29364	572	41	be	be	VB
29364	572	42	able	able	JJ
29364	572	43	to	to	TO
29364	572	44	do	do	VB
29364	572	45	so	so	RB
29364	572	46	to	to	IN
29364	572	47	the	the	DT
29364	572	48	fullest	full	JJS
29364	572	49	possible	possible	JJ
29364	572	50	advantage	advantage	NN
29364	572	51	.	.	.
29364	573	1	Employment	employment	NN
29364	573	2	of	of	IN
29364	573	3	an	an	DT
29364	573	4	expert	expert	JJ
29364	573	5	agent	agent	NN
29364	573	6	is	be	VBZ
29364	573	7	an	an	DT
29364	573	8	expensive	expensive	JJ
29364	573	9	operation	operation	NN
29364	573	10	,	,	,
29364	573	11	and	and	CC
29364	573	12	,	,	,
29364	573	13	moreover	moreover	RB
29364	573	14	,	,	,
29364	573	15	there	there	EX
29364	573	16	is	be	VBZ
29364	573	17	always	always	RB
29364	573	18	the	the	DT
29364	573	19	danger	danger	NN
29364	573	20	of	of	IN
29364	573	21	legal	legal	JJ
29364	573	22	complication	complication	NN
29364	573	23	arising	arise	VBG
29364	573	24	out	out	IN
29364	573	25	of	of	IN
29364	573	26	the	the	DT
29364	573	27	banker	banker	NN
29364	573	28	's	's	POS
29364	573	29	having	have	VBG
29364	573	30	sold	sell	VBN
29364	573	31	the	the	DT
29364	573	32	collateral	collateral	NN
29364	573	33	.	.	.
29364	574	1	It	-PRON-	PRP
29364	574	2	is	be	VBZ
29364	574	3	desirable	desirable	JJ
29364	574	4	in	in	IN
29364	574	5	every	every	DT
29364	574	6	way	way	NN
29364	574	7	that	that	IN
29364	574	8	if	if	IN
29364	574	9	there	there	EX
29364	574	10	is	be	VBZ
29364	574	11	to	to	TO
29364	574	12	be	be	VB
29364	574	13	any	any	DT
29364	574	14	trouble	trouble	NN
29364	574	15	about	about	IN
29364	574	16	the	the	DT
29364	574	17	acceptance	acceptance	NN
29364	574	18	or	or	CC
29364	574	19	payment	payment	NN
29364	574	20	of	of	IN
29364	574	21	a	a	DT
29364	574	22	draft	draft	NN
29364	574	23	,	,	,
29364	574	24	the	the	DT
29364	574	25	banker	banker	NN
29364	574	26	should	should	MD
29364	574	27	keep	keep	VB
29364	574	28	himself	-PRON-	PRP
29364	574	29	out	out	IN
29364	574	30	of	of	IN
29364	574	31	it	-PRON-	PRP
29364	574	32	.	.	.
29364	575	1	A	a	DT
29364	575	2	concrete	concrete	JJ
29364	575	3	illustration	illustration	NN
29364	575	4	of	of	IN
29364	575	5	the	the	DT
29364	575	6	dangers	danger	NNS
29364	575	7	attendant	attendant	JJ
29364	575	8	upon	upon	IN
29364	575	9	the	the	DT
29364	575	10	purchase	purchase	NN
29364	575	11	of	of	IN
29364	575	12	commercial	commercial	JJ
29364	575	13	long	long	JJ
29364	575	14	bills	bill	NNS
29364	575	15	from	from	IN
29364	575	16	irresponsible	irresponsible	JJ
29364	575	17	parties	party	NNS
29364	575	18	is	be	VBZ
29364	575	19	to	to	TO
29364	575	20	be	be	VB
29364	575	21	found	find	VBN
29364	575	22	in	in	IN
29364	575	23	what	what	WP
29364	575	24	happened	happen	VBD
29364	575	25	a	a	DT
29364	575	26	few	few	JJ
29364	575	27	years	year	NNS
29364	575	28	ago	ago	RB
29364	575	29	to	to	IN
29364	575	30	a	a	DT
29364	575	31	prominent	prominent	JJ
29364	575	32	exchange	exchange	NN
29364	575	33	house	house	NN
29364	575	34	in	in	IN
29364	575	35	New	New	NNP
29364	575	36	York	York	NNP
29364	575	37	.	.	.
29364	576	1	This	this	DT
29364	576	2	house	house	NN
29364	576	3	had	have	VBD
29364	576	4	been	be	VBN
29364	576	5	buying	buy	VBG
29364	576	6	the	the	DT
29364	576	7	bills	bill	NNS
29364	576	8	of	of	IN
29364	576	9	a	a	DT
29364	576	10	certain	certain	JJ
29364	576	11	firm	firm	NN
29364	576	12	for	for	IN
29364	576	13	some	some	DT
29364	576	14	little	little	JJ
29364	576	15	time	time	NN
29364	576	16	,	,	,
29364	576	17	and	and	CC
29364	576	18	everything	everything	NN
29364	576	19	had	have	VBD
29364	576	20	gone	go	VBN
29364	576	21	well	well	RB
29364	576	22	.	.	.
29364	577	1	But	but	CC
29364	577	2	one	one	CD
29364	577	3	day	day	NN
29364	577	4	acceptance	acceptance	NN
29364	577	5	of	of	IN
29364	577	6	a	a	DT
29364	577	7	bill	bill	NN
29364	577	8	for	for	IN
29364	577	9	£	£	$
29364	577	10	2,000	2,000	CD
29364	577	11	was	be	VBD
29364	577	12	refused	refuse	VBN
29364	577	13	by	by	IN
29364	577	14	the	the	DT
29364	577	15	party	party	NN
29364	577	16	abroad	abroad	RB
29364	577	17	,	,	,
29364	577	18	and	and	CC
29364	577	19	the	the	DT
29364	577	20	news	news	NN
29364	577	21	cabled	cable	VBD
29364	577	22	that	that	IN
29364	577	23	the	the	DT
29364	577	24	bill	bill	NN
29364	577	25	of	of	IN
29364	577	26	lading	lading	NNP
29364	577	27	was	be	VBD
29364	577	28	a	a	DT
29364	577	29	forgery	forgery	NN
29364	577	30	and	and	CC
29364	577	31	that	that	IN
29364	577	32	no	no	DT
29364	577	33	such	such	JJ
29364	577	34	shipment	shipment	NN
29364	577	35	had	have	VBD
29364	577	36	ever	ever	RB
29364	577	37	been	be	VBN
29364	577	38	made	make	VBN
29364	577	39	.	.	.
29364	578	1	Wiring	wiring	NN
29364	578	2	hurriedly	hurriedly	RB
29364	578	3	to	to	IN
29364	578	4	the	the	DT
29364	578	5	inland	inland	JJ
29364	578	6	city	city	NN
29364	578	7	in	in	IN
29364	578	8	which	which	WDT
29364	578	9	was	be	VBD
29364	578	10	located	locate	VBN
29364	578	11	the	the	DT
29364	578	12	firm	firm	NN
29364	578	13	which	which	WDT
29364	578	14	drew	draw	VBD
29364	578	15	the	the	DT
29364	578	16	bill	bill	NN
29364	578	17	,	,	,
29364	578	18	the	the	DT
29364	578	19	New	New	NNP
29364	578	20	York	York	NNP
29364	578	21	bank	bank	NN
29364	578	22	received	receive	VBD
29364	578	23	the	the	DT
29364	578	24	reply	reply	NN
29364	578	25	that	that	IN
29364	578	26	both	both	DT
29364	578	27	partners	partner	NNS
29364	578	28	had	have	VBD
29364	578	29	decamped	decamp	VBN
29364	578	30	.	.	.
29364	579	1	What	what	WP
29364	579	2	had	have	VBD
29364	579	3	happened	happen	VBN
29364	579	4	was	be	VBD
29364	579	5	that	that	IN
29364	579	6	,	,	,
29364	579	7	about	about	RB
29364	579	8	to	to	TO
29364	579	9	break	break	VB
29364	579	10	up	up	RP
29364	579	11	,	,	,
29364	579	12	the	the	DT
29364	579	13	"	"	``
29364	579	14	firm	firm	NN
29364	579	15	"	"	''
29364	579	16	had	have	VBD
29364	579	17	drawn	draw	VBN
29364	579	18	and	and	CC
29364	579	19	sold	sell	VBN
29364	579	20	several	several	JJ
29364	579	21	large	large	JJ
29364	579	22	bills	bill	NNS
29364	579	23	of	of	IN
29364	579	24	exchange	exchange	NN
29364	579	25	,	,	,
29364	579	26	with	with	IN
29364	579	27	forged	forge	VBN
29364	579	28	documents	document	NNS
29364	579	29	attached	attach	VBN
29364	579	30	,	,	,
29364	579	31	received	receive	VBD
29364	579	32	their	-PRON-	PRP$
29364	579	33	money	money	NN
29364	579	34	for	for	IN
29364	579	35	them	-PRON-	PRP
29364	579	36	,	,	,
29364	579	37	and	and	CC
29364	579	38	then	then	RB
29364	579	39	disappeared	disappear	VBD
29364	579	40	.	.	.
29364	580	1	Neither	neither	DT
29364	580	2	of	of	IN
29364	580	3	them	-PRON-	PRP
29364	580	4	was	be	VBD
29364	580	5	ever	ever	RB
29364	580	6	apprehended	apprehend	VBN
29364	580	7	,	,	,
29364	580	8	and	and	CC
29364	580	9	the	the	DT
29364	580	10	various	various	JJ
29364	580	11	bankers	banker	NNS
29364	580	12	who	who	WP
29364	580	13	had	have	VBD
29364	580	14	taken	take	VBN
29364	580	15	the	the	DT
29364	580	16	exchange	exchange	NN
29364	580	17	lost	lose	VBD
29364	580	18	the	the	DT
29364	580	19	money	money	NN
29364	580	20	they	-PRON-	PRP
29364	580	21	had	have	VBD
29364	580	22	paid	pay	VBN
29364	580	23	for	for	IN
29364	580	24	it	-PRON-	PRP
29364	580	25	.	.	.
29364	581	1	Forgery	forgery	NN
29364	581	2	of	of	IN
29364	581	3	the	the	DT
29364	581	4	bill	bill	NN
29364	581	5	of	of	IN
29364	581	6	lading	lade	VBG
29364	581	7	in	in	IN
29364	581	8	this	this	DT
29364	581	9	case	case	NN
29364	581	10	had	have	VBD
29364	581	11	been	be	VBN
29364	581	12	a	a	DT
29364	581	13	comparatively	comparatively	RB
29364	581	14	easy	easy	JJ
29364	581	15	matter	matter	NN
29364	581	16	,	,	,
29364	581	17	the	the	DT
29364	581	18	shipment	shipment	NN
29364	581	19	purporting	purporting	NN
29364	581	20	to	to	TO
29364	581	21	have	have	VB
29364	581	22	been	be	VBN
29364	581	23	made	make	VBN
29364	581	24	from	from	IN
29364	581	25	an	an	DT
29364	581	26	obscure	obscure	JJ
29364	581	27	little	little	JJ
29364	581	28	cotton	cotton	NN
29364	581	29	town	town	NN
29364	581	30	in	in	IN
29364	581	31	the	the	DT
29364	581	32	South	South	NNP
29364	581	33	,	,	,
29364	581	34	the	the	DT
29364	581	35	signature	signature	NN
29364	581	36	of	of	IN
29364	581	37	whose	whose	WP$
29364	581	38	railroad	railroad	NN
29364	581	39	agent	agent	NN
29364	581	40	was	be	VBD
29364	581	41	not	not	RB
29364	581	42	at	at	RB
29364	581	43	all	all	RB
29364	581	44	known	know	VBN
29364	581	45	.	.	.
29364	582	1	This	this	DT
29364	582	2	forgery	forgery	NN
29364	582	3	is	be	VBZ
29364	582	4	only	only	RB
29364	582	5	one	one	CD
29364	582	6	example	example	NN
29364	582	7	of	of	IN
29364	582	8	the	the	DT
29364	582	9	trickery	trickery	NN
29364	582	10	possible	possible	JJ
29364	582	11	and	and	CC
29364	582	12	the	the	DT
29364	582	13	extreme	extreme	JJ
29364	582	14	care	care	NN
29364	582	15	which	which	WDT
29364	582	16	is	be	VBZ
29364	582	17	necessary	necessary	JJ
29364	582	18	in	in	IN
29364	582	19	the	the	DT
29364	582	20	purchase	purchase	NN
29364	582	21	of	of	IN
29364	582	22	bills	bill	NNS
29364	582	23	of	of	IN
29364	582	24	this	this	DT
29364	582	25	kind	kind	NN
29364	582	26	.	.	.
29364	583	1	And	and	CC
29364	583	2	not	not	RB
29364	583	3	only	only	RB
29364	583	4	must	must	MD
29364	583	5	the	the	DT
29364	583	6	standing	standing	NN
29364	583	7	of	of	IN
29364	583	8	the	the	DT
29364	583	9	drawer	drawer	NN
29364	583	10	be	be	VB
29364	583	11	taken	take	VBN
29364	583	12	into	into	IN
29364	583	13	consideration	consideration	NN
29364	583	14	,	,	,
29364	583	15	but	but	CC
29364	583	16	the	the	DT
29364	583	17	standing	standing	NN
29364	583	18	of	of	IN
29364	583	19	the	the	DT
29364	583	20	drawee	drawee	NN
29364	583	21	is	be	VBZ
29364	583	22	a	a	DT
29364	583	23	matter	matter	NN
29364	583	24	of	of	IN
29364	583	25	almost	almost	RB
29364	583	26	equal	equal	JJ
29364	583	27	importance	importance	NN
29364	583	28	--	--	:
29364	583	29	after	after	IN
29364	583	30	the	the	DT
29364	583	31	"	"	``
29364	583	32	acceptance	acceptance	NN
29364	583	33	"	"	''
29364	583	34	of	of	IN
29364	583	35	the	the	DT
29364	583	36	bill	bill	NN
29364	583	37	,	,	,
29364	583	38	the	the	DT
29364	583	39	parties	party	NNS
29364	583	40	accepting	accept	VBG
29364	583	41	it	-PRON-	PRP
29364	583	42	being	be	VBG
29364	583	43	equally	equally	RB
29364	583	44	liable	liable	JJ
29364	583	45	with	with	IN
29364	583	46	its	-PRON-	PRP$
29364	583	47	maker	maker	NN
29364	583	48	.	.	.
29364	584	1	The	the	DT
29364	584	2	nature	nature	NN
29364	584	3	of	of	IN
29364	584	4	the	the	DT
29364	584	5	merchandise	merchandise	NN
29364	584	6	,	,	,
29364	584	7	furthermore	furthermore	RB
29364	584	8	,	,	,
29364	584	9	and	and	CC
29364	584	10	its	-PRON-	PRP$
29364	584	11	marketability	marketability	NN
29364	584	12	are	be	VBP
29364	584	13	further	further	JJ
29364	584	14	considerations	consideration	NNS
29364	584	15	of	of	IN
29364	584	16	great	great	JJ
29364	584	17	importance	importance	NN
29364	584	18	.	.	.
29364	585	1	Cotton	Cotton	NNP
29364	585	2	,	,	,
29364	585	3	it	-PRON-	PRP
29364	585	4	will	will	MD
29364	585	5	readily	readily	RB
29364	585	6	appear	appear	VB
29364	585	7	,	,	,
29364	585	8	is	be	VBZ
29364	585	9	an	an	DT
29364	585	10	entirely	entirely	RB
29364	585	11	different	different	JJ
29364	585	12	sort	sort	NN
29364	585	13	of	of	IN
29364	585	14	collateral	collateral	NN
29364	585	15	from	from	IN
29364	585	16	clocks	clock	NNS
29364	585	17	,	,	,
29364	585	18	or	or	CC
29364	585	19	some	some	DT
29364	585	20	specialty	specialty	NN
29364	585	21	in	in	IN
29364	585	22	which	which	WDT
29364	585	23	the	the	DT
29364	585	24	market	market	NN
29364	585	25	may	may	MD
29364	585	26	vary	vary	VB
29364	585	27	widely	widely	RB
29364	585	28	.	.	.
29364	586	1	The	the	DT
29364	586	2	banker	banker	NN
29364	586	3	who	who	WP
29364	586	4	holds	hold	VBZ
29364	586	5	a	a	DT
29364	586	6	bill	bill	NN
29364	586	7	of	of	IN
29364	586	8	lading	lade	VBG
29364	586	9	for	for	IN
29364	586	10	cotton	cotton	NN
29364	586	11	shipped	ship	VBN
29364	586	12	to	to	IN
29364	586	13	Liverpool	Liverpool	NNP
29364	586	14	can	can	MD
29364	586	15	at	at	IN
29364	586	16	any	any	DT
29364	586	17	moment	moment	NN
29364	586	18	tell	tell	VB
29364	586	19	exactly	exactly	RB
29364	586	20	what	what	WP
29364	586	21	he	-PRON-	PRP
29364	586	22	can	can	MD
29364	586	23	realize	realize	VB
29364	586	24	on	on	IN
29364	586	25	it	-PRON-	PRP
29364	586	26	.	.	.
29364	587	1	In	in	IN
29364	587	2	the	the	DT
29364	587	3	case	case	NN
29364	587	4	of	of	IN
29364	587	5	many	many	JJ
29364	587	6	kinds	kind	NNS
29364	587	7	of	of	IN
29364	587	8	articles	article	NNS
29364	587	9	,	,	,
29364	587	10	however	however	RB
29364	587	11	,	,	,
29364	587	12	the	the	DT
29364	587	13	invoice	invoice	NN
29364	587	14	value	value	NN
29364	587	15	may	may	MD
29364	587	16	differ	differ	VB
29364	587	17	widely	widely	RB
29364	587	18	from	from	IN
29364	587	19	the	the	DT
29364	587	20	realizable	realizable	JJ
29364	587	21	value	value	NN
29364	587	22	,	,	,
29364	587	23	and	and	CC
29364	587	24	if	if	IN
29364	587	25	the	the	DT
29364	587	26	banker	banker	NN
29364	587	27	should	should	MD
29364	587	28	ever	ever	RB
29364	587	29	be	be	VB
29364	587	30	forced	force	VBN
29364	587	31	to	to	TO
29364	587	32	sell	sell	VB
29364	587	33	the	the	DT
29364	587	34	merchandise	merchandise	NN
29364	587	35	,	,	,
29364	587	36	he	-PRON-	PRP
29364	587	37	might	may	MD
29364	587	38	have	have	VB
29364	587	39	to	to	TO
29364	587	40	do	do	VB
29364	587	41	so	so	RB
29364	587	42	at	at	IN
29364	587	43	a	a	DT
29364	587	44	big	big	JJ
29364	587	45	loss	loss	NN
29364	587	46	.	.	.
29364	588	1	Returning	return	VBG
29364	588	2	to	to	IN
29364	588	3	the	the	DT
29364	588	4	actual	actual	JJ
29364	588	5	operation	operation	NN
29364	588	6	of	of	IN
29364	588	7	selling	sell	VBG
29364	588	8	bankers	banker	NNS
29364	588	9	'	'	POS
29364	588	10	demand	demand	NN
29364	588	11	against	against	IN
29364	588	12	remittances	remittance	NNS
29364	588	13	of	of	IN
29364	588	14	long	long	JJ
29364	588	15	bills	bill	NNS
29364	588	16	,	,	,
29364	588	17	it	-PRON-	PRP
29364	588	18	appears	appear	VBZ
29364	588	19	that	that	IN
29364	588	20	the	the	DT
29364	588	21	successive	successive	JJ
29364	588	22	steps	step	NNS
29364	588	23	in	in	IN
29364	588	24	an	an	DT
29364	588	25	actual	actual	JJ
29364	588	26	transaction	transaction	NN
29364	588	27	are	be	VBP
29364	588	28	about	about	IN
29364	588	29	as	as	IN
29364	588	30	follows	follow	VBZ
29364	588	31	:	:	:
29364	588	32	The	the	DT
29364	588	33	banker	banker	NN
29364	588	34	in	in	IN
29364	588	35	New	New	NNP
29364	588	36	York	York	NNP
29364	588	37	having	have	VBG
29364	588	38	ascertained	ascertain	VBN
29364	588	39	by	by	IN
29364	588	40	cable	cable	NN
29364	588	41	the	the	DT
29364	588	42	rate	rate	NN
29364	588	43	at	at	IN
29364	588	44	which	which	WDT
29364	588	45	bills	bill	NNS
29364	588	46	"	"	``
29364	588	47	to	to	TO
29364	588	48	arrive	arrive	VB
29364	588	49	"	"	''
29364	588	50	in	in	IN
29364	588	51	London	London	NNP
29364	588	52	by	by	IN
29364	588	53	a	a	DT
29364	588	54	certain	certain	JJ
29364	588	55	steamer	steamer	NN
29364	588	56	will	will	MD
29364	588	57	be	be	VB
29364	588	58	discounted	discount	VBN
29364	588	59	,	,	,
29364	588	60	buys	buy	VBZ
29364	588	61	the	the	DT
29364	588	62	bills	bill	NNS
29364	588	63	here	here	RB
29364	588	64	and	and	CC
29364	588	65	sends	send	VBZ
29364	588	66	them	-PRON-	PRP
29364	588	67	over	over	RP
29364	588	68	,	,	,
29364	588	69	with	with	IN
29364	588	70	instructions	instruction	NNS
29364	588	71	that	that	IN
29364	588	72	they	-PRON-	PRP
29364	588	73	be	be	VBP
29364	588	74	immediately	immediately	RB
29364	588	75	discounted	discount	VBN
29364	588	76	and	and	CC
29364	588	77	the	the	DT
29364	588	78	proceeds	proceed	NNS
29364	588	79	placed	place	VBN
29364	588	80	to	to	IN
29364	588	81	his	-PRON-	PRP$
29364	588	82	credit	credit	NN
29364	588	83	.	.	.
29364	589	1	On	on	IN
29364	589	2	this	this	DT
29364	589	3	resulting	result	VBG
29364	589	4	balance	balance	NN
29364	589	5	he	-PRON-	PRP
29364	589	6	will	will	MD
29364	589	7	at	at	IN
29364	589	8	once	once	RB
29364	589	9	draw	draw	VB
29364	589	10	his	-PRON-	PRP$
29364	589	11	demand	demand	NN
29364	589	12	draft	draft	NN
29364	589	13	and	and	CC
29364	589	14	sell	sell	VB
29364	589	15	it	-PRON-	PRP
29364	589	16	in	in	IN
29364	589	17	the	the	DT
29364	589	18	open	open	JJ
29364	589	19	market	market	NN
29364	589	20	.	.	.
29364	590	1	If	if	IN
29364	590	2	,	,	,
29364	590	3	from	from	IN
29364	590	4	selling	sell	VBG
29364	590	5	this	this	DT
29364	590	6	demand	demand	NN
29364	590	7	draft	draft	NN
29364	590	8	,	,	,
29364	590	9	he	-PRON-	PRP
29364	590	10	can	can	MD
29364	590	11	realize	realize	VB
29364	590	12	more	more	JJR
29364	590	13	dollars	dollar	NNS
29364	590	14	than	than	IN
29364	590	15	it	-PRON-	PRP
29364	590	16	cost	cost	VBD
29364	590	17	him	-PRON-	PRP
29364	590	18	in	in	IN
29364	590	19	dollars	dollar	NNS
29364	590	20	to	to	TO
29364	590	21	put	put	VB
29364	590	22	the	the	DT
29364	590	23	balance	balance	NN
29364	590	24	over	over	RB
29364	590	25	there	there	RB
29364	590	26	,	,	,
29364	590	27	he	-PRON-	PRP
29364	590	28	has	have	VBZ
29364	590	29	made	make	VBN
29364	590	30	a	a	DT
29364	590	31	gross	gross	JJ
29364	590	32	profit	profit	NN
29364	590	33	of	of	IN
29364	590	34	the	the	DT
29364	590	35	difference	difference	NN
29364	590	36	.	.	.
29364	591	1	To	to	TO
29364	591	2	illustrate	illustrate	VB
29364	591	3	more	more	RBR
29364	591	4	specifically	specifically	RB
29364	591	5	:	:	:
29364	591	6	A	a	DT
29364	591	7	banker	banker	NN
29364	591	8	has	have	VBZ
29364	591	9	bought	buy	VBN
29364	591	10	,	,	,
29364	591	11	say	say	VB
29364	591	12	,	,	,
29364	591	13	a	a	DT
29364	591	14	£	£	$
29364	591	15	1,000	1,000	CD
29364	591	16	ninety	ninety	CD
29364	591	17	days	day	NNS
29364	591	18	'	'	POS
29364	591	19	sight	sight	NN
29364	591	20	prime	prime	NN
29364	591	21	draft	draft	NN
29364	591	22	,	,	,
29364	591	23	on	on	IN
29364	591	24	London	London	NNP
29364	591	25	,	,	,
29364	591	26	documents	document	NNS
29364	591	27	deliverable	deliverable	JJ
29364	591	28	on	on	IN
29364	591	29	acceptance	acceptance	NN
29364	591	30	.	.	.
29364	592	1	This	this	DT
29364	592	2	he	-PRON-	PRP
29364	592	3	has	have	VBZ
29364	592	4	remitted	remit	VBN
29364	592	5	to	to	IN
29364	592	6	his	-PRON-	PRP$
29364	592	7	foreign	foreign	JJ
29364	592	8	correspondent	correspondent	NN
29364	592	9	,	,	,
29364	592	10	and	and	CC
29364	592	11	his	-PRON-	PRP$
29364	592	12	foreign	foreign	JJ
29364	592	13	correspondent	correspondent	NN
29364	592	14	has	have	VBZ
29364	592	15	had	have	VBN
29364	592	16	it	-PRON-	PRP
29364	592	17	stamped	stamp	VBN
29364	592	18	with	with	IN
29364	592	19	the	the	DT
29364	592	20	required	require	VBN
29364	592	21	"	"	``
29364	592	22	bill	bill	NN
29364	592	23	-	-	HYPH
29364	592	24	stamp	stamp	NNP
29364	592	25	,	,	,
29364	592	26	"	"	''
29364	592	27	has	have	VBZ
29364	592	28	had	have	VBN
29364	592	29	it	-PRON-	PRP
29364	592	30	discounted	discount	VBN
29364	592	31	,	,	,
29364	592	32	and	and	CC
29364	592	33	after	after	IN
29364	592	34	having	have	VBG
29364	592	35	taken	take	VBN
29364	592	36	his	-PRON-	PRP$
29364	592	37	commission	commission	NN
29364	592	38	out	out	IN
29364	592	39	of	of	IN
29364	592	40	the	the	DT
29364	592	41	proceeds	proceed	NNS
29364	592	42	,	,	,
29364	592	43	has	have	VBZ
29364	592	44	had	have	VBN
29364	592	45	them	-PRON-	PRP
29364	592	46	placed	place	VBN
29364	592	47	to	to	IN
29364	592	48	the	the	DT
29364	592	49	credit	credit	NN
29364	592	50	of	of	IN
29364	592	51	the	the	DT
29364	592	52	American	american	JJ
29364	592	53	bank	bank	NN
29364	592	54	.	.	.
29364	593	1	In	in	IN
29364	593	2	all	all	PDT
29364	593	3	this	this	DT
29364	593	4	process	process	NN
29364	593	5	the	the	DT
29364	593	6	bill	bill	NN
29364	593	7	has	have	VBZ
29364	593	8	lost	lose	VBN
29364	593	9	weight	weight	NN
29364	593	10	.	.	.
29364	594	1	It	-PRON-	PRP
29364	594	2	arrived	arrive	VBD
29364	594	3	in	in	IN
29364	594	4	London	London	NNP
29364	594	5	as	as	IN
29364	594	6	£	£	$
29364	594	7	1,000	1,000	CD
29364	594	8	,	,	,
29364	594	9	but	but	CC
29364	594	10	after	after	IN
29364	594	11	commissions	commission	NNS
29364	594	12	,	,	,
29364	594	13	bill	bill	NN
29364	594	14	-	-	HYPH
29364	594	15	stamps	stamp	NNS
29364	594	16	and	and	CC
29364	594	17	ninety	ninety	CD
29364	594	18	-	-	HYPH
29364	594	19	three	three	CD
29364	594	20	days	day	NNS
29364	594	21	'	'	POS
29364	594	22	discount	discount	NN
29364	594	23	have	have	VBP
29364	594	24	been	be	VBN
29364	594	25	taken	take	VBN
29364	594	26	out	out	IN
29364	594	27	of	of	IN
29364	594	28	it	-PRON-	PRP
29364	594	29	,	,	,
29364	594	30	the	the	DT
29364	594	31	amount	amount	NN
29364	594	32	is	be	VBZ
29364	594	33	reduced	reduce	VBN
29364	594	34	well	well	RB
29364	594	35	below	below	IN
29364	594	36	£	£	$
29364	594	37	1,000	1,000	CD
29364	594	38	.	.	.
29364	595	1	The	the	DT
29364	595	2	_	_	NNP
29364	595	3	net	net	NN
29364	595	4	_	_	NNP
29364	595	5	proceeds	proceed	NNS
29364	595	6	going	go	VBG
29364	595	7	to	to	TO
29364	595	8	make	make	VB
29364	595	9	up	up	RP
29364	595	10	the	the	DT
29364	595	11	balance	balance	NN
29364	595	12	on	on	IN
29364	595	13	which	which	WDT
29364	595	14	the	the	DT
29364	595	15	American	american	JJ
29364	595	16	banker	banker	NN
29364	595	17	can	can	MD
29364	595	18	draw	draw	VB
29364	595	19	his	-PRON-	PRP$
29364	595	20	draft	draft	NN
29364	595	21	are	be	VBP
29364	595	22	,	,	,
29364	595	23	perhaps	perhaps	RB
29364	595	24	,	,	,
29364	595	25	not	not	RB
29364	595	26	over	over	IN
29364	595	27	£	£	$
29364	595	28	990	990	CD
29364	595	29	.	.	.
29364	596	1	He	-PRON-	PRP
29364	596	2	paid	pay	VBD
29364	596	3	so	so	RB
29364	596	4	-	-	HYPH
29364	596	5	and	and	CC
29364	596	6	-	-	HYPH
29364	596	7	so	so	RB
29364	596	8	many	many	JJ
29364	596	9	dollars	dollar	NNS
29364	596	10	for	for	IN
29364	596	11	the	the	DT
29364	596	12	£	£	$
29364	596	13	1,000	1,000	CD
29364	596	14	ninety	ninety	CD
29364	596	15	-	-	HYPH
29364	596	16	day	day	NN
29364	596	17	bill	bill	NN
29364	596	18	,	,	,
29364	596	19	originally	originally	RB
29364	596	20	.	.	.
29364	597	1	If	if	IN
29364	597	2	he	-PRON-	PRP
29364	597	3	can	can	MD
29364	597	4	realize	realize	VB
29364	597	5	that	that	IN
29364	597	6	many	many	JJ
29364	597	7	dollars	dollar	NNS
29364	597	8	by	by	IN
29364	597	9	selling	sell	VBG
29364	597	10	a	a	DT
29364	597	11	demand	demand	NN
29364	597	12	draft	draft	NN
29364	597	13	for	for	IN
29364	597	14	£	£	$
29364	597	15	990	990	CD
29364	597	16	he	-PRON-	PRP
29364	597	17	is	be	VBZ
29364	597	18	even	even	RB
29364	597	19	on	on	IN
29364	597	20	the	the	DT
29364	597	21	transaction	transaction	NN
29364	597	22	.	.	.
29364	598	1	No	no	DT
29364	598	2	attempt	attempt	NN
29364	598	3	will	will	MD
29364	598	4	be	be	VB
29364	598	5	made	make	VBN
29364	598	6	in	in	IN
29364	598	7	this	this	DT
29364	598	8	little	little	JJ
29364	598	9	book	book	NN
29364	598	10	to	to	TO
29364	598	11	present	present	VB
29364	598	12	the	the	DT
29364	598	13	tables	table	NNS
29364	598	14	by	by	IN
29364	598	15	which	which	WDT
29364	598	16	foreign	foreign	JJ
29364	598	17	exchange	exchange	NN
29364	598	18	bankers	banker	NNS
29364	598	19	figure	figure	VBP
29364	598	20	out	out	RP
29364	598	21	profit	profit	NN
29364	598	22	possibilities	possibility	NNS
29364	598	23	in	in	IN
29364	598	24	operations	operation	NNS
29364	598	25	of	of	IN
29364	598	26	this	this	DT
29364	598	27	kind	kind	NN
29364	598	28	.	.	.
29364	599	1	The	the	DT
29364	599	2	terms	term	NNS
29364	599	3	obtainable	obtainable	JJ
29364	599	4	from	from	IN
29364	599	5	foreign	foreign	JJ
29364	599	6	correspondents	correspondent	NNS
29364	599	7	vary	vary	VBP
29364	599	8	so	so	RB
29364	599	9	widely	widely	RB
29364	599	10	according	accord	VBG
29364	599	11	to	to	IN
29364	599	12	the	the	DT
29364	599	13	standing	standing	NN
29364	599	14	and	and	CC
29364	599	15	credit	credit	NN
29364	599	16	of	of	IN
29364	599	17	the	the	DT
29364	599	18	house	house	NN
29364	599	19	on	on	IN
29364	599	20	this	this	DT
29364	599	21	side	side	NN
29364	599	22	and	and	CC
29364	599	23	are	be	VBP
29364	599	24	governed	govern	VBN
29364	599	25	by	by	IN
29364	599	26	so	so	RB
29364	599	27	many	many	JJ
29364	599	28	different	different	JJ
29364	599	29	influences	influence	NNS
29364	599	30	that	that	IN
29364	599	31	a	a	DT
29364	599	32	manager	manager	NN
29364	599	33	must	must	MD
29364	599	34	work	work	VB
29364	599	35	out	out	RP
29364	599	36	each	each	DT
29364	599	37	transaction	transaction	NN
29364	599	38	he	-PRON-	PRP
29364	599	39	enters	enter	VBZ
29364	599	40	according	accord	VBG
29364	599	41	to	to	IN
29364	599	42	the	the	DT
29364	599	43	conditions	condition	NNS
29364	599	44	by	by	IN
29364	599	45	which	which	WDT
29364	599	46	he	-PRON-	PRP
29364	599	47	,	,	,
29364	599	48	particularly	particularly	RB
29364	599	49	,	,	,
29364	599	50	and	and	CC
29364	599	51	his	-PRON-	PRP$
29364	599	52	operations	operation	NNS
29364	599	53	are	be	VBP
29364	599	54	governed	govern	VBN
29364	599	55	.	.	.
29364	600	1	Such	such	JJ
29364	600	2	calculations	calculation	NNS
29364	600	3	,	,	,
29364	600	4	moreover	moreover	RB
29364	600	5	,	,	,
29364	600	6	are	be	VBP
29364	600	7	all	all	DT
29364	600	8	built	build	VBN
29364	600	9	up	up	RP
29364	600	10	along	along	IN
29364	600	11	the	the	DT
29364	600	12	general	general	JJ
29364	600	13	line	line	NN
29364	600	14	of	of	IN
29364	600	15	the	the	DT
29364	600	16	scheme	scheme	NN
29364	600	17	presented	present	VBN
29364	600	18	below	below	RB
29364	600	19	:	:	:
29364	600	20	Assume	assume	VB
29364	600	21	that	that	IN
29364	600	22	the	the	DT
29364	600	23	rate	rate	NN
29364	600	24	for	for	IN
29364	600	25	demand	demand	NN
29364	600	26	bills	bill	NNS
29364	600	27	is	be	VBZ
29364	600	28	4.85	4.85	CD
29364	600	29	,	,	,
29364	600	30	that	that	DT
29364	600	31	discount	discount	NN
29364	600	32	in	in	IN
29364	600	33	London	London	NNP
29364	600	34	is	be	VBZ
29364	600	35	3	3	CD
29364	600	36	-	-	SYM
29364	600	37	1/2	1/2	CD
29364	600	38	per	per	IN
29364	600	39	cent	cent	NN
29364	600	40	,	,	,
29364	600	41	and	and	CC
29364	600	42	that	that	IN
29364	600	43	the	the	DT
29364	600	44	amount	amount	NN
29364	600	45	of	of	IN
29364	600	46	the	the	DT
29364	600	47	long	long	JJ
29364	600	48	bill	bill	NN
29364	600	49	remitted	remit	VBN
29364	600	50	for	for	IN
29364	600	51	discount	discount	NN
29364	600	52	and	and	CC
29364	600	53	credit	credit	NN
29364	600	54	of	of	IN
29364	600	55	proceeds	proceed	NNS
29364	600	56	is	be	VBZ
29364	600	57	£	£	$
29364	600	58	100	100	CD
29364	600	59	.	.	.
29364	601	1	_	_	NNP
29364	601	2	The	the	DT
29364	601	3	various	various	JJ
29364	601	4	expenses	expense	NNS
29364	601	5	are	be	VBP
29364	601	6	as	as	IN
29364	601	7	follows	follow	VBZ
29364	601	8	:	:	:
29364	601	9	_	_	NNP
29364	601	10	Commission	Commission	NNP
29364	601	11	charged	charge	VBN
29364	601	12	by	by	IN
29364	601	13	the	the	DT
29364	601	14	banker	banker	NN
29364	601	15	in	in	IN
29364	601	16	London	London	NNP
29364	601	17	1/40	1/40	CD
29364	601	18	per	per	IN
29364	601	19	cent	cent	NN
29364	601	20	.	.	.
29364	602	1	$	$	$
29364	602	2	0.12	0.12	CD
29364	602	3	Discount	discount	NN
29364	602	4	,	,	,
29364	602	5	93	93	CD
29364	602	6	days	day	NNS
29364	602	7	(	(	-LRB-
29364	602	8	3	3	CD
29364	602	9	days	day	NNS
29364	602	10	of	of	IN
29364	602	11	grace	grace	NN
29364	602	12	)	)	-RRB-
29364	602	13	at	at	IN
29364	602	14	3	3	CD
29364	602	15	-	-	SYM
29364	602	16	1/2	1/2	CD
29364	602	17	per	per	IN
29364	602	18	cent	cent	NN
29364	602	19	.	.	.
29364	603	1	4.38	4.38	CD
29364	603	2	English	English	NNP
29364	603	3	Government	Government	NNP
29364	603	4	bill	bill	NN
29364	603	5	stamp	stamp	VB
29364	603	6	1/20	1/20	CD
29364	603	7	per	per	IN
29364	603	8	cent	cent	NN
29364	603	9	.	.	.
29364	604	1	0.24	0.24	LS
29364	604	2	------	------	NFP
29364	604	3	$	$	$
29364	604	4	4.74	4.74	CD
29364	604	5	Total	total	JJ
29364	604	6	charges	charge	NNS
29364	604	7	on	on	IN
29364	604	8	the	the	DT
29364	604	9	ninety	ninety	CD
29364	604	10	days	day	NNS
29364	604	11	'	'	POS
29364	604	12	sight	sight	NN
29364	604	13	£	£	NN
29364	604	14	100	100	CD
29364	604	15	bill	bill	NN
29364	604	16	amount	amount	NN
29364	604	17	to	to	IN
29364	604	18	$	$	$
29364	604	19	4.74	4.74	CD
29364	604	20	.	.	.
29364	605	1	On	on	IN
29364	605	2	one	one	CD
29364	605	3	pound	pound	NN
29364	605	4	,	,	,
29364	605	5	therefore	therefore	RB
29364	605	6	,	,	,
29364	605	7	the	the	DT
29364	605	8	charge	charge	NN
29364	605	9	would	would	MD
29364	605	10	be	be	VB
29364	605	11	$	$	$
29364	605	12	.0474	.0474	.
29364	605	13	.	.	.
29364	606	1	From	from	IN
29364	606	2	which	which	WDT
29364	606	3	it	-PRON-	PRP
29364	606	4	is	be	VBZ
29364	606	5	evident	evident	JJ
29364	606	6	that	that	IN
29364	606	7	each	each	DT
29364	606	8	pound	pound	NN
29364	606	9	of	of	IN
29364	606	10	a	a	DT
29364	606	11	ninety	ninety	CD
29364	606	12	-	-	HYPH
29364	606	13	day	day	NN
29364	606	14	bill	bill	NN
29364	606	15	,	,	,
29364	606	16	under	under	IN
29364	606	17	the	the	DT
29364	606	18	conditions	condition	NNS
29364	606	19	given	give	VBN
29364	606	20	,	,	,
29364	606	21	is	be	VBZ
29364	606	22	worth	worth	JJ
29364	606	23	$	$	$
29364	606	24	.0474	.0474	.
29364	606	25	(	(	-LRB-
29364	606	26	=	=	NNS
29364	606	27	4.74	4.74	CD
29364	606	28	cents	cent	NNS
29364	606	29	)	)	-RRB-
29364	606	30	less	less	JJR
29364	606	31	than	than	IN
29364	606	32	each	each	DT
29364	606	33	pound	pound	NN
29364	606	34	in	in	IN
29364	606	35	a	a	DT
29364	606	36	bankers	banker	NNS
29364	606	37	'	'	POS
29364	606	38	demand	demand	NN
29364	606	39	bill	bill	NN
29364	606	40	.	.	.
29364	607	1	From	from	IN
29364	607	2	which	which	WDT
29364	607	3	it	-PRON-	PRP
29364	607	4	is	be	VBZ
29364	607	5	evident	evident	JJ
29364	607	6	that	that	IN
29364	607	7	if	if	IN
29364	607	8	such	such	PDT
29364	607	9	a	a	DT
29364	607	10	demand	demand	NN
29364	607	11	bill	bill	NN
29364	607	12	were	be	VBD
29364	607	13	sold	sell	VBN
29364	607	14	at	at	IN
29364	607	15	4.85	4.85	CD
29364	607	16	against	against	IN
29364	607	17	a	a	DT
29364	607	18	ninety	ninety	CD
29364	607	19	-	-	HYPH
29364	607	20	day	day	NN
29364	607	21	bill	bill	NN
29364	607	22	bought	buy	VBN
29364	607	23	at	at	IN
29364	607	24	4.8026	4.8026	CD
29364	607	25	(	(	-LRB-
29364	607	26	found	find	VBN
29364	607	27	by	by	IN
29364	607	28	subtracting	subtract	VBG
29364	607	29	4.74	4.74	CD
29364	607	30	cents	cent	NNS
29364	607	31	from	from	IN
29364	607	32	485	485	CD
29364	607	33	cents	cent	NNS
29364	607	34	)	)	-RRB-
29364	607	35	the	the	DT
29364	607	36	remitting	remitting	JJ
29364	607	37	banker	banker	NN
29364	607	38	would	would	MD
29364	607	39	come	come	VB
29364	607	40	out	out	RP
29364	607	41	even	even	RB
29364	607	42	in	in	IN
29364	607	43	the	the	DT
29364	607	44	transaction	transaction	NN
29364	607	45	.	.	.
29364	608	1	The	the	DT
29364	608	2	foregoing	foregoing	NN
29364	608	3	has	have	VBZ
29364	608	4	been	be	VBN
29364	608	5	introduced	introduce	VBN
29364	608	6	at	at	IN
29364	608	7	the	the	DT
29364	608	8	risk	risk	NN
29364	608	9	of	of	IN
29364	608	10	confusing	confuse	VBG
29364	608	11	the	the	DT
29364	608	12	lay	lay	NNP
29364	608	13	reader	reader	NN
29364	608	14	,	,	,
29364	608	15	on	on	IN
29364	608	16	the	the	DT
29364	608	17	idea	idea	NN
29364	608	18	that	that	IN
29364	608	19	all	all	PDT
29364	608	20	the	the	DT
29364	608	21	various	various	JJ
29364	608	22	calculations	calculation	NNS
29364	608	23	regarding	regard	VBG
29364	608	24	the	the	DT
29364	608	25	drawing	drawing	NN
29364	608	26	of	of	IN
29364	608	27	"	"	``
29364	608	28	demand	demand	NN
29364	608	29	"	"	''
29364	608	30	against	against	IN
29364	608	31	the	the	DT
29364	608	32	remitting	remitting	NN
29364	608	33	of	of	IN
29364	608	34	long	long	JJ
29364	608	35	bills	bill	NNS
29364	608	36	are	be	VBP
29364	608	37	founded	found	VBN
29364	608	38	on	on	IN
29364	608	39	the	the	DT
29364	608	40	same	same	JJ
29364	608	41	general	general	JJ
29364	608	42	principle	principle	NN
29364	608	43	,	,	,
29364	608	44	and	and	CC
29364	608	45	that	that	IN
29364	608	46	where	where	WRB
29364	608	47	it	-PRON-	PRP
29364	608	48	is	be	VBZ
29364	608	49	desired	desire	VBN
29364	608	50	to	to	TO
29364	608	51	go	go	VB
29364	608	52	more	more	RBR
29364	608	53	deeply	deeply	RB
29364	608	54	into	into	IN
29364	608	55	the	the	DT
29364	608	56	matter	matter	NN
29364	608	57	the	the	DT
29364	608	58	correct	correct	JJ
29364	608	59	conditions	condition	NNS
29364	608	60	can	can	MD
29364	608	61	be	be	VB
29364	608	62	substituted	substitute	VBN
29364	608	63	.	.	.
29364	609	1	Discount	discount	NN
29364	609	2	,	,	,
29364	609	3	of	of	IN
29364	609	4	course	course	NN
29364	609	5	,	,	,
29364	609	6	varies	vary	VBZ
29364	609	7	from	from	IN
29364	609	8	day	day	NN
29364	609	9	to	to	IN
29364	609	10	day	day	NN
29364	609	11	,	,	,
29364	609	12	"	"	``
29364	609	13	payment	payment	NN
29364	609	14	"	"	''
29364	609	15	bills	bill	NNS
29364	609	16	do	do	VBP
29364	609	17	not	not	RB
29364	609	18	go	go	VB
29364	609	19	through	through	IN
29364	609	20	the	the	DT
29364	609	21	discount	discount	NN
29364	609	22	market	market	NN
29364	609	23	at	at	RB
29364	609	24	all	all	RB
29364	609	25	,	,	,
29364	609	26	but	but	CC
29364	609	27	are	be	VBP
29364	609	28	"	"	``
29364	609	29	rebated	rebate	VBN
29364	609	30	,	,	,
29364	609	31	"	"	''
29364	609	32	the	the	DT
29364	609	33	commissions	commission	NNS
29364	609	34	charged	charge	VBD
29364	609	35	different	different	JJ
29364	609	36	bankers	banker	NNS
29364	609	37	and	and	CC
29364	609	38	by	by	IN
29364	609	39	different	different	JJ
29364	609	40	bankers	banker	NNS
29364	609	41	vary	vary	VBP
29364	609	42	widely	widely	RB
29364	609	43	.	.	.
29364	610	1	Under	under	IN
29364	610	2	the	the	DT
29364	610	3	circumstances	circumstance	NNS
29364	610	4	the	the	DT
29364	610	5	value	value	NN
29364	610	6	of	of	IN
29364	610	7	presenting	present	VBG
29364	610	8	a	a	DT
29364	610	9	lot	lot	NN
29364	610	10	of	of	IN
29364	610	11	hard	hard	JJ
29364	610	12	-	-	HYPH
29364	610	13	and	and	CC
29364	610	14	-	-	HYPH
29364	610	15	fast	fast	NN
29364	610	16	calculations	calculation	NNS
29364	610	17	worked	work	VBD
29364	610	18	out	out	RP
29364	610	19	under	under	IN
29364	610	20	any	any	DT
29364	610	21	given	give	VBN
29364	610	22	set	set	NN
29364	610	23	of	of	IN
29364	610	24	conditions	condition	NNS
29364	610	25	is	be	VBZ
29364	610	26	extremely	extremely	RB
29364	610	27	doubtful	doubtful	JJ
29364	610	28	.	.	.
29364	611	1	As	as	IN
29364	611	2	to	to	IN
29364	611	3	the	the	DT
29364	611	4	profit	profit	NN
29364	611	5	on	on	IN
29364	611	6	business	business	NN
29364	611	7	of	of	IN
29364	611	8	this	this	DT
29364	611	9	kind	kind	NN
29364	611	10	it	-PRON-	PRP
29364	611	11	can	can	MD
29364	611	12	be	be	VB
29364	611	13	said	say	VBN
29364	611	14	that	that	IN
29364	611	15	the	the	DT
29364	611	16	average	average	NN
29364	611	17	,	,	,
29364	611	18	where	where	WRB
29364	611	19	the	the	DT
29364	611	20	best	good	JJS
29364	611	21	bills	bill	NNS
29364	611	22	are	be	VBP
29364	611	23	used	use	VBN
29364	611	24	,	,	,
29364	611	25	runs	run	VBZ
29364	611	26	not	not	RB
29364	611	27	much	much	RB
29364	611	28	over	over	IN
29364	611	29	twenty	twenty	CD
29364	611	30	points	point	NNS
29364	611	31	(	(	-LRB-
29364	611	32	one	one	CD
29364	611	33	-	-	HYPH
29364	611	34	fifth	fifth	NN
29364	611	35	of	of	IN
29364	611	36	a	a	DT
29364	611	37	cent	cent	NN
29364	611	38	per	per	IN
29364	611	39	pound	pound	NN
29364	611	40	sterling	sterling	NN
29364	611	41	)	)	-RRB-
29364	611	42	.	.	.
29364	612	1	From	from	IN
29364	612	2	that	that	DT
29364	612	3	,	,	,
29364	612	4	of	of	IN
29364	612	5	course	course	NN
29364	612	6	,	,	,
29364	612	7	profits	profit	NNS
29364	612	8	actually	actually	RB
29364	612	9	made	make	VBN
29364	612	10	run	run	VBN
29364	612	11	up	up	RP
29364	612	12	as	as	RB
29364	612	13	high	high	JJ
29364	612	14	as	as	IN
29364	612	15	one	one	CD
29364	612	16	cent	cent	NN
29364	612	17	or	or	CC
29364	612	18	even	even	RB
29364	612	19	two	two	CD
29364	612	20	cents	cent	NNS
29364	612	21	per	per	IN
29364	612	22	pound	pound	NN
29364	612	23	,	,	,
29364	612	24	according	accord	VBG
29364	612	25	to	to	IN
29364	612	26	the	the	DT
29364	612	27	amount	amount	NN
29364	612	28	of	of	IN
29364	612	29	risk	risk	NN
29364	612	30	involved	involve	VBN
29364	612	31	.	.	.
29364	613	1	The	the	DT
29364	613	2	buying	buying	NN
29364	613	3	of	of	IN
29364	613	4	cheap	cheap	JJ
29364	613	5	bills	bill	NNS
29364	613	6	is	be	VBZ
29364	613	7	,	,	,
29364	613	8	however	however	RB
29364	613	9	,	,	,
29364	613	10	a	a	DT
29364	613	11	most	most	RBS
29364	613	12	precarious	precarious	JJ
29364	613	13	operation	operation	NN
29364	613	14	.	.	.
29364	614	1	One	one	CD
29364	614	2	single	single	JJ
29364	614	3	mistake	mistake	NN
29364	614	4	,	,	,
29364	614	5	and	and	CC
29364	614	6	the	the	DT
29364	614	7	whole	whole	JJ
29364	614	8	profit	profit	NN
29364	614	9	of	of	IN
29364	614	10	months	month	NNS
29364	614	11	may	may	MD
29364	614	12	be	be	VB
29364	614	13	completely	completely	RB
29364	614	14	wiped	wipe	VBN
29364	614	15	out	out	RP
29364	614	16	.	.	.
29364	615	1	The	the	DT
29364	615	2	proposition	proposition	NN
29364	615	3	is	be	VBZ
29364	615	4	a	a	DT
29364	615	5	good	good	JJ
29364	615	6	deal	deal	NN
29364	615	7	like	like	IN
29364	615	8	lending	lend	VBG
29364	615	9	money	money	NN
29364	615	10	on	on	IN
29364	615	11	insecure	insecure	JJ
29364	615	12	collateral	collateral	NN
29364	615	13	,	,	,
29364	615	14	or	or	CC
29364	615	15	like	like	IN
29364	615	16	lending	lend	VBG
29364	615	17	to	to	IN
29364	615	18	doubtful	doubtful	JJ
29364	615	19	firms	firm	NNS
29364	615	20	.	.	.
29364	616	1	There	there	EX
29364	616	2	are	be	VBP
29364	616	3	banking	banking	NN
29364	616	4	houses	house	NNS
29364	616	5	which	which	WDT
29364	616	6	do	do	VBP
29364	616	7	it	-PRON-	PRP
29364	616	8	,	,	,
29364	616	9	have	have	VBP
29364	616	10	been	be	VBN
29364	616	11	doing	do	VBG
29364	616	12	it	-PRON-	PRP
29364	616	13	for	for	IN
29364	616	14	years	year	NNS
29364	616	15	,	,	,
29364	616	16	and	and	CC
29364	616	17	by	by	IN
29364	616	18	reason	reason	NN
29364	616	19	of	of	IN
29364	616	20	an	an	DT
29364	616	21	intuitive	intuitive	JJ
29364	616	22	feeling	feeling	NN
29364	616	23	when	when	WRB
29364	616	24	there	there	EX
29364	616	25	is	be	VBZ
29364	616	26	trouble	trouble	NN
29364	616	27	ahead	ahead	RB
29364	616	28	have	have	VBP
29364	616	29	been	be	VBN
29364	616	30	able	able	JJ
29364	616	31	to	to	TO
29364	616	32	avoid	avoid	VB
29364	616	33	heavy	heavy	JJ
29364	616	34	losses	loss	NNS
29364	616	35	.	.	.
29364	617	1	Such	such	JJ
29364	617	2	business	business	NN
29364	617	3	,	,	,
29364	617	4	however	however	RB
29364	617	5	,	,	,
29364	617	6	can	can	MD
29364	617	7	hardly	hardly	RB
29364	617	8	be	be	VB
29364	617	9	called	call	VBN
29364	617	10	high	high	JJ
29364	617	11	-	-	HYPH
29364	617	12	class	class	NN
29364	617	13	banking	banking	NN
29364	617	14	practice	practice	NN
29364	617	15	.	.	.
29364	618	1	4	4	LS
29364	618	2	.	.	.
29364	619	1	_	_	NNP
29364	619	2	The	the	DT
29364	619	3	Operation	Operation	NNP
29364	619	4	of	of	IN
29364	619	5	Making	make	VBG
29364	619	6	Foreign	Foreign	NNP
29364	619	7	Loans	Loans	NNPS
29364	619	8	_	_	NNP
29364	619	9	In	in	IN
29364	619	10	its	-PRON-	PRP$
29364	619	11	influence	influence	NN
29364	619	12	upon	upon	IN
29364	619	13	the	the	DT
29364	619	14	other	other	JJ
29364	619	15	markets	market	NNS
29364	619	16	,	,	,
29364	619	17	there	there	EX
29364	619	18	is	be	VBZ
29364	619	19	perhaps	perhaps	RB
29364	619	20	no	no	DT
29364	619	21	more	more	RBR
29364	619	22	important	important	JJ
29364	619	23	phase	phase	NN
29364	619	24	of	of	IN
29364	619	25	foreign	foreign	JJ
29364	619	26	exchange	exchange	NN
29364	619	27	than	than	IN
29364	619	28	the	the	DT
29364	619	29	making	making	NN
29364	619	30	of	of	IN
29364	619	31	foreign	foreign	JJ
29364	619	32	loans	loan	NNS
29364	619	33	in	in	IN
29364	619	34	the	the	DT
29364	619	35	American	american	JJ
29364	619	36	market	market	NN
29364	619	37	.	.	.
29364	620	1	How	how	WRB
29364	620	2	great	great	JJ
29364	620	3	is	be	VBZ
29364	620	4	the	the	DT
29364	620	5	amount	amount	NN
29364	620	6	of	of	IN
29364	620	7	foreign	foreign	JJ
29364	620	8	capital	capital	NN
29364	620	9	continually	continually	RB
29364	620	10	loaned	loan	VBD
29364	620	11	out	out	RP
29364	620	12	in	in	IN
29364	620	13	this	this	DT
29364	620	14	country	country	NN
29364	620	15	has	have	VBZ
29364	620	16	been	be	VBN
29364	620	17	several	several	JJ
29364	620	18	times	time	NNS
29364	620	19	suggested	suggest	VBN
29364	620	20	in	in	IN
29364	620	21	previous	previous	JJ
29364	620	22	pages	page	NNS
29364	620	23	.	.	.
29364	621	1	The	the	DT
29364	621	2	mechanics	mechanic	NNS
29364	621	3	of	of	IN
29364	621	4	these	these	DT
29364	621	5	foreign	foreign	JJ
29364	621	6	loaning	loan	VBG
29364	621	7	operations	operation	NNS
29364	621	8	,	,	,
29364	621	9	the	the	DT
29364	621	10	way	way	NN
29364	621	11	in	in	IN
29364	621	12	which	which	WDT
29364	621	13	the	the	DT
29364	621	14	money	money	NN
29364	621	15	is	be	VBZ
29364	621	16	transferred	transfer	VBN
29364	621	17	to	to	IN
29364	621	18	this	this	DT
29364	621	19	side	side	NN
29364	621	20	,	,	,
29364	621	21	etc	etc	FW
29364	621	22	.	.	.
29364	621	23	,	,	,
29364	621	24	will	will	MD
29364	621	25	now	now	RB
29364	621	26	be	be	VB
29364	621	27	taken	take	VBN
29364	621	28	up	up	RP
29364	621	29	.	.	.
29364	622	1	To	to	TO
29364	622	2	begin	begin	VB
29364	622	3	at	at	IN
29364	622	4	the	the	DT
29364	622	5	very	very	JJ
29364	622	6	beginning	beginning	NN
29364	622	7	,	,	,
29364	622	8	consider	consider	VB
29364	622	9	how	how	WRB
29364	622	10	favorable	favorable	JJ
29364	622	11	a	a	DT
29364	622	12	field	field	NN
29364	622	13	is	be	VBZ
29364	622	14	the	the	DT
29364	622	15	American	american	JJ
29364	622	16	market	market	NN
29364	622	17	for	for	IN
29364	622	18	the	the	DT
29364	622	19	employment	employment	NN
29364	622	20	of	of	IN
29364	622	21	Europe	Europe	NNP
29364	622	22	's	's	POS
29364	622	23	spare	spare	JJ
29364	622	24	banking	banking	NN
29364	622	25	capital	capital	NN
29364	622	26	.	.	.
29364	623	1	Almost	almost	RB
29364	623	2	invariably	invariably	RB
29364	623	3	loaning	loan	VBG
29364	623	4	rates	rate	NNS
29364	623	5	in	in	IN
29364	623	6	New	New	NNP
29364	623	7	York	York	NNP
29364	623	8	are	be	VBP
29364	623	9	higher	high	JJR
29364	623	10	than	than	IN
29364	623	11	they	-PRON-	PRP
29364	623	12	are	be	VBP
29364	623	13	in	in	IN
29364	623	14	London	London	NNP
29364	623	15	or	or	CC
29364	623	16	Paris	Paris	NNP
29364	623	17	.	.	.
29364	624	1	This	this	DT
29364	624	2	is	be	VBZ
29364	624	3	due	due	JJ
29364	624	4	,	,	,
29364	624	5	perhaps	perhaps	RB
29364	624	6	,	,	,
29364	624	7	to	to	IN
29364	624	8	the	the	DT
29364	624	9	fact	fact	NN
29364	624	10	that	that	IN
29364	624	11	industry	industry	NN
29364	624	12	here	here	RB
29364	624	13	runs	run	VBZ
29364	624	14	on	on	IN
29364	624	15	at	at	IN
29364	624	16	a	a	DT
29364	624	17	much	much	RB
29364	624	18	faster	fast	JJR
29364	624	19	pace	pace	NN
29364	624	20	than	than	IN
29364	624	21	in	in	IN
29364	624	22	England	England	NNP
29364	624	23	or	or	CC
29364	624	24	France	France	NNP
29364	624	25	,	,	,
29364	624	26	or	or	CC
29364	624	27	it	-PRON-	PRP
29364	624	28	may	may	MD
29364	624	29	be	be	VB
29364	624	30	due	due	IN
29364	624	31	to	to	IN
29364	624	32	the	the	DT
29364	624	33	fact	fact	NN
29364	624	34	that	that	IN
29364	624	35	we	-PRON-	PRP
29364	624	36	are	be	VBP
29364	624	37	a	a	DT
29364	624	38	newer	new	JJR
29364	624	39	country	country	NN
29364	624	40	,	,	,
29364	624	41	that	that	IN
29364	624	42	there	there	EX
29364	624	43	is	be	VBZ
29364	624	44	no	no	DT
29364	624	45	such	such	JJ
29364	624	46	accumulated	accumulate	VBN
29364	624	47	fund	fund	NN
29364	624	48	of	of	IN
29364	624	49	capital	capital	NN
29364	624	50	here	here	RB
29364	624	51	as	as	IN
29364	624	52	there	there	EX
29364	624	53	is	be	VBZ
29364	624	54	abroad	abroad	RB
29364	624	55	.	.	.
29364	625	1	Such	such	PDT
29364	625	2	a	a	DT
29364	625	3	hypothesis	hypothesis	NN
29364	625	4	for	for	IN
29364	625	5	our	-PRON-	PRP$
29364	625	6	own	own	JJ
29364	625	7	higher	high	JJR
29364	625	8	interest	interest	NN
29364	625	9	rates	rate	NNS
29364	625	10	would	would	MD
29364	625	11	seem	seem	VB
29364	625	12	to	to	TO
29364	625	13	be	be	VB
29364	625	14	supported	support	VBN
29364	625	15	by	by	IN
29364	625	16	the	the	DT
29364	625	17	fact	fact	NN
29364	625	18	that	that	IN
29364	625	19	in	in	IN
29364	625	20	Germany	Germany	NNP
29364	625	21	,	,	,
29364	625	22	too	too	RB
29364	625	23	,	,	,
29364	625	24	interest	interest	NN
29364	625	25	is	be	VBZ
29364	625	26	consistently	consistently	RB
29364	625	27	on	on	IN
29364	625	28	a	a	DT
29364	625	29	higher	high	JJR
29364	625	30	level	level	NN
29364	625	31	than	than	IN
29364	625	32	in	in	IN
29364	625	33	London	London	NNP
29364	625	34	or	or	CC
29364	625	35	Paris	Paris	NNP
29364	625	36	,	,	,
29364	625	37	Germany	Germany	NNP
29364	625	38	,	,	,
29364	625	39	like	like	IN
29364	625	40	ourselves	-PRON-	PRP
29364	625	41	,	,	,
29364	625	42	being	be	VBG
29364	625	43	a	a	DT
29364	625	44	vigorous	vigorous	JJ
29364	625	45	industrial	industrial	JJ
29364	625	46	nation	nation	NN
29364	625	47	without	without	IN
29364	625	48	any	any	DT
29364	625	49	very	very	RB
29364	625	50	great	great	JJ
29364	625	51	accumulated	accumulate	VBN
29364	625	52	fund	fund	NN
29364	625	53	of	of	IN
29364	625	54	capital	capital	NN
29364	625	55	saved	save	VBN
29364	625	56	by	by	IN
29364	625	57	the	the	DT
29364	625	58	people	people	NNS
29364	625	59	.	.	.
29364	626	1	But	but	CC
29364	626	2	whatever	whatever	WDT
29364	626	3	the	the	DT
29364	626	4	reason	reason	NN
29364	626	5	,	,	,
29364	626	6	the	the	DT
29364	626	7	fact	fact	NN
29364	626	8	remains	remain	VBZ
29364	626	9	that	that	IN
29364	626	10	in	in	IN
29364	626	11	New	New	NNP
29364	626	12	York	York	NNP
29364	626	13	money	money	NN
29364	626	14	rates	rate	NNS
29364	626	15	are	be	VBP
29364	626	16	generally	generally	RB
29364	626	17	on	on	RB
29364	626	18	so	so	RB
29364	626	19	much	much	RB
29364	626	20	more	more	RBR
29364	626	21	attractive	attractive	JJ
29364	626	22	a	a	DT
29364	626	23	basis	basis	NN
29364	626	24	than	than	IN
29364	626	25	they	-PRON-	PRP
29364	626	26	are	be	VBP
29364	626	27	abroad	abroad	RB
29364	626	28	that	that	IN
29364	626	29	there	there	EX
29364	626	30	is	be	VBZ
29364	626	31	practically	practically	RB
29364	626	32	never	never	RB
29364	626	33	a	a	DT
29364	626	34	time	time	NN
29364	626	35	when	when	WRB
29364	626	36	there	there	EX
29364	626	37	are	be	VBP
29364	626	38	not	not	RB
29364	626	39	hundreds	hundred	NNS
29364	626	40	of	of	IN
29364	626	41	millions	million	NNS
29364	626	42	of	of	IN
29364	626	43	dollars	dollar	NNS
29364	626	44	of	of	IN
29364	626	45	English	English	NNP
29364	626	46	and	and	CC
29364	626	47	French	french	JJ
29364	626	48	money	money	NN
29364	626	49	loaned	loan	VBD
29364	626	50	out	out	RP
29364	626	51	in	in	IN
29364	626	52	this	this	DT
29364	626	53	market	market	NN
29364	626	54	.	.	.
29364	627	1	To	to	TO
29364	627	2	go	go	VB
29364	627	3	back	back	RB
29364	627	4	no	no	RB
29364	627	5	further	further	RB
29364	627	6	than	than	IN
29364	627	7	the	the	DT
29364	627	8	present	present	JJ
29364	627	9	decade	decade	NN
29364	627	10	,	,	,
29364	627	11	it	-PRON-	PRP
29364	627	12	will	will	MD
29364	627	13	be	be	VB
29364	627	14	recalled	recall	VBN
29364	627	15	how	how	WRB
29364	627	16	great	great	JJ
29364	627	17	a	a	DT
29364	627	18	part	part	NN
29364	627	19	foreign	foreign	JJ
29364	627	20	floating	floating	JJ
29364	627	21	capital	capital	NN
29364	627	22	played	play	VBN
29364	627	23	in	in	IN
29364	627	24	financing	finance	VBG
29364	627	25	the	the	DT
29364	627	26	ill	ill	RB
29364	627	27	-	-	HYPH
29364	627	28	starred	starred	JJ
29364	627	29	speculation	speculation	NN
29364	627	30	here	here	RB
29364	627	31	which	which	WDT
29364	627	32	culminated	culminate	VBD
29364	627	33	in	in	IN
29364	627	34	the	the	DT
29364	627	35	panic	panic	NN
29364	627	36	of	of	IN
29364	627	37	May	May	NNP
29364	627	38	9	9	CD
29364	627	39	,	,	,
29364	627	40	1901	1901	CD
29364	627	41	.	.	.
29364	628	1	Europe	Europe	NNP
29364	628	2	in	in	IN
29364	628	3	the	the	DT
29364	628	4	end	end	NN
29364	628	5	of	of	IN
29364	628	6	1900	1900	CD
29364	628	7	had	have	VBD
29364	628	8	gone	go	VBN
29364	628	9	mad	mad	JJ
29364	628	10	over	over	IN
29364	628	11	our	-PRON-	PRP$
29364	628	12	industrial	industrial	JJ
29364	628	13	combinations	combination	NNS
29364	628	14	and	and	CC
29364	628	15	had	have	VBD
29364	628	16	shovelled	shovel	VBN
29364	628	17	her	-PRON-	PRP$
29364	628	18	millions	million	NNS
29364	628	19	into	into	IN
29364	628	20	this	this	DT
29364	628	21	market	market	NN
29364	628	22	for	for	IN
29364	628	23	the	the	DT
29364	628	24	use	use	NN
29364	628	25	of	of	IN
29364	628	26	our	-PRON-	PRP$
29364	628	27	promoters	promoter	NNS
29364	628	28	.	.	.
29364	629	1	What	what	WDT
29364	629	2	use	use	NN
29364	629	3	was	be	VBD
29364	629	4	made	make	VBN
29364	629	5	of	of	IN
29364	629	6	the	the	DT
29364	629	7	money	money	NN
29364	629	8	is	be	VBZ
29364	629	9	well	well	RB
29364	629	10	known	known	JJ
29364	629	11	.	.	.
29364	630	1	The	the	DT
29364	630	2	instance	instance	NN
29364	630	3	is	be	VBZ
29364	630	4	mentioned	mention	VBN
29364	630	5	here	here	RB
29364	630	6	,	,	,
29364	630	7	with	with	IN
29364	630	8	others	other	NNS
29364	630	9	which	which	WDT
29364	630	10	follow	follow	VBP
29364	630	11	,	,	,
29364	630	12	only	only	RB
29364	630	13	to	to	TO
29364	630	14	show	show	VB
29364	630	15	that	that	IN
29364	630	16	all	all	RB
29364	630	17	through	through	IN
29364	630	18	the	the	DT
29364	630	19	past	past	JJ
29364	630	20	ten	ten	CD
29364	630	21	years	year	NNS
29364	630	22	London	London	NNP
29364	630	23	has	have	VBZ
29364	630	24	at	at	IN
29364	630	25	various	various	JJ
29364	630	26	times	time	NNS
29364	630	27	opened	open	VBD
29364	630	28	her	-PRON-	PRP$
29364	630	29	reservoirs	reservoir	NNS
29364	630	30	of	of	IN
29364	630	31	capital	capital	NN
29364	630	32	and	and	CC
29364	630	33	literally	literally	RB
29364	630	34	poured	pour	VBD
29364	630	35	money	money	NN
29364	630	36	into	into	IN
29364	630	37	the	the	DT
29364	630	38	American	american	JJ
29364	630	39	market	market	NN
29364	630	40	.	.	.
29364	631	1	Even	even	RB
29364	631	2	the	the	DT
29364	631	3	experience	experience	NN
29364	631	4	of	of	IN
29364	631	5	1901	1901	CD
29364	631	6	did	do	VBD
29364	631	7	not	not	RB
29364	631	8	daunt	daunt	VB
29364	631	9	the	the	DT
29364	631	10	foreign	foreign	JJ
29364	631	11	lenders	lender	NNS
29364	631	12	,	,	,
29364	631	13	and	and	CC
29364	631	14	in	in	IN
29364	631	15	1902	1902	CD
29364	631	16	fresh	fresh	JJ
29364	631	17	amounts	amount	NNS
29364	631	18	of	of	IN
29364	631	19	foreign	foreign	JJ
29364	631	20	capital	capital	NN
29364	631	21	,	,	,
29364	631	22	this	this	DT
29364	631	23	time	time	NN
29364	631	24	mostly	mostly	RB
29364	631	25	German	German	NNP
29364	631	26	,	,	,
29364	631	27	were	be	VBD
29364	631	28	secured	secure	VBN
29364	631	29	by	by	IN
29364	631	30	our	-PRON-	PRP$
29364	631	31	speculators	speculator	NNS
29364	631	32	to	to	TO
29364	631	33	push	push	VB
29364	631	34	along	along	RP
29364	631	35	the	the	DT
29364	631	36	famous	famous	JJ
29364	631	37	"	"	``
29364	631	38	Gates	Gates	NNP
29364	631	39	boom	boom	NN
29364	631	40	.	.	.
29364	631	41	"	"	''
29364	632	1	That	that	DT
29364	632	2	time	time	NN
29364	632	3	,	,	,
29364	632	4	however	however	RB
29364	632	5	,	,	,
29364	632	6	the	the	DT
29364	632	7	lenders	lender	NNS
29364	632	8	'	'	POS
29364	632	9	experience	experience	NN
29364	632	10	seemed	seem	VBD
29364	632	11	to	to	TO
29364	632	12	discourage	discourage	VB
29364	632	13	them	-PRON-	PRP
29364	632	14	,	,	,
29364	632	15	and	and	CC
29364	632	16	until	until	IN
29364	632	17	1906	1906	CD
29364	632	18	there	there	EX
29364	632	19	was	be	VBD
29364	632	20	not	not	RB
29364	632	21	a	a	DT
29364	632	22	great	great	JJ
29364	632	23	deal	deal	NN
29364	632	24	of	of	IN
29364	632	25	foreign	foreign	JJ
29364	632	26	money	money	NN
29364	632	27	,	,	,
29364	632	28	relatively	relatively	RB
29364	632	29	speaking	speak	VBG
29364	632	30	,	,	,
29364	632	31	loaned	loan	VBN
29364	632	32	out	out	RP
29364	632	33	here	here	RB
29364	632	34	.	.	.
29364	633	1	In	in	IN
29364	633	2	the	the	DT
29364	633	3	summer	summer	NN
29364	633	4	of	of	IN
29364	633	5	that	that	DT
29364	633	6	year	year	NN
29364	633	7	,	,	,
29364	633	8	chiefly	chiefly	RB
29364	633	9	through	through	IN
29364	633	10	Mr.	Mr.	NNP
29364	633	11	Harriman	Harriman	NNP
29364	633	12	's	's	POS
29364	633	13	efforts	effort	NNS
29364	633	14	,	,	,
29364	633	15	English	English	NNP
29364	633	16	and	and	CC
29364	633	17	French	french	JJ
29364	633	18	capital	capital	NN
29364	633	19	began	begin	VBD
29364	633	20	to	to	TO
29364	633	21	come	come	VB
29364	633	22	largely	largely	RB
29364	633	23	into	into	IN
29364	633	24	the	the	DT
29364	633	25	New	New	NNP
29364	633	26	York	York	NNP
29364	633	27	market	market	NN
29364	633	28	--	--	:
29364	633	29	made	make	VBN
29364	633	30	possible	possible	JJ
29364	633	31	,	,	,
29364	633	32	indeed	indeed	RB
29364	633	33	,	,	,
29364	633	34	the	the	DT
29364	633	35	"	"	``
29364	633	36	Harriman	Harriman	NNP
29364	633	37	Market	Market	NNP
29364	633	38	of	of	IN
29364	633	39	1906	1906	CD
29364	633	40	.	.	.
29364	633	41	"	"	''
29364	634	1	This	this	DT
29364	634	2	was	be	VBD
29364	634	3	the	the	DT
29364	634	4	money	money	NN
29364	634	5	the	the	DT
29364	634	6	terror	terror	NN
29364	634	7	-	-	HYPH
29364	634	8	stricken	stricken	VBN
29364	634	9	withdrawal	withdrawal	NN
29364	634	10	of	of	IN
29364	634	11	which	which	WDT
29364	634	12	during	during	IN
29364	634	13	most	most	JJS
29364	634	14	of	of	IN
29364	634	15	1907	1907	CD
29364	634	16	made	make	VBD
29364	634	17	the	the	DT
29364	634	18	panic	panic	NN
29364	634	19	as	as	RB
29364	634	20	bad	bad	JJ
29364	634	21	as	as	IN
29364	634	22	it	-PRON-	PRP
29364	634	23	was	be	VBD
29364	634	24	.	.	.
29364	635	1	After	after	IN
29364	635	2	the	the	DT
29364	635	3	panic	panic	NN
29364	635	4	,	,	,
29364	635	5	most	most	JJS
29364	635	6	of	of	IN
29364	635	7	what	what	WP
29364	635	8	was	be	VBD
29364	635	9	left	leave	VBN
29364	635	10	was	be	VBD
29364	635	11	withdrawn	withdraw	VBN
29364	635	12	by	by	IN
29364	635	13	foreign	foreign	JJ
29364	635	14	lenders	lender	NNS
29364	635	15	,	,	,
29364	635	16	so	so	IN
29364	635	17	that	that	IN
29364	635	18	in	in	IN
29364	635	19	the	the	DT
29364	635	20	middle	middle	NN
29364	635	21	of	of	IN
29364	635	22	1908	1908	CD
29364	635	23	the	the	DT
29364	635	24	market	market	NN
29364	635	25	here	here	RB
29364	635	26	was	be	VBD
29364	635	27	as	as	RB
29364	635	28	bare	bare	JJ
29364	635	29	of	of	IN
29364	635	30	foreign	foreign	JJ
29364	635	31	money	money	NN
29364	635	32	as	as	IN
29364	635	33	it	-PRON-	PRP
29364	635	34	has	have	VBZ
29364	635	35	been	be	VBN
29364	635	36	in	in	IN
29364	635	37	years	year	NNS
29364	635	38	.	.	.
29364	636	1	Returning	return	VBG
29364	636	2	American	american	JJ
29364	636	3	prosperity	prosperity	NN
29364	636	4	,	,	,
29364	636	5	however	however	RB
29364	636	6	,	,	,
29364	636	7	combined	combine	VBN
29364	636	8	with	with	IN
29364	636	9	complete	complete	JJ
29364	636	10	stagnation	stagnation	NN
29364	636	11	abroad	abroad	RB
29364	636	12	,	,	,
29364	636	13	set	set	VBD
29364	636	14	up	up	RP
29364	636	15	another	another	DT
29364	636	16	hitherward	hitherward	NN
29364	636	17	movement	movement	NN
29364	636	18	of	of	IN
29364	636	19	foreign	foreign	JJ
29364	636	20	capital	capital	NN
29364	636	21	which	which	WDT
29364	636	22	,	,	,
29364	636	23	during	during	IN
29364	636	24	the	the	DT
29364	636	25	spring	spring	NN
29364	636	26	and	and	CC
29364	636	27	summer	summer	NN
29364	636	28	of	of	IN
29364	636	29	1909	1909	CD
29364	636	30	,	,	,
29364	636	31	attained	attain	VBD
29364	636	32	amazing	amazing	JJ
29364	636	33	proportions	proportion	NNS
29364	636	34	.	.	.
29364	637	1	By	by	IN
29364	637	2	the	the	DT
29364	637	3	end	end	NN
29364	637	4	of	of	IN
29364	637	5	the	the	DT
29364	637	6	summer	summer	NN
29364	637	7	,	,	,
29364	637	8	indeed	indeed	RB
29364	637	9	,	,	,
29364	637	10	more	more	JJR
29364	637	11	foreign	foreign	JJ
29364	637	12	capital	capital	NN
29364	637	13	was	be	VBD
29364	637	14	employed	employ	VBN
29364	637	15	in	in	IN
29364	637	16	the	the	DT
29364	637	17	American	american	JJ
29364	637	18	market	market	NN
29364	637	19	than	than	IN
29364	637	20	ever	ever	RB
29364	637	21	before	before	RB
29364	637	22	in	in	IN
29364	637	23	the	the	DT
29364	637	24	country	country	NN
29364	637	25	's	's	POS
29364	637	26	financial	financial	JJ
29364	637	27	history	history	NN
29364	637	28	.	.	.
29364	638	1	To	to	TO
29364	638	2	take	take	VB
29364	638	3	up	up	RP
29364	638	4	the	the	DT
29364	638	5	actual	actual	JJ
29364	638	6	operation	operation	NN
29364	638	7	of	of	IN
29364	638	8	loaning	loan	VBG
29364	638	9	foreign	foreign	JJ
29364	638	10	money	money	NN
29364	638	11	in	in	IN
29364	638	12	the	the	DT
29364	638	13	American	american	JJ
29364	638	14	market	market	NN
29364	638	15	,	,	,
29364	638	16	suppose	suppose	VB
29364	638	17	conditions	condition	NNS
29364	638	18	to	to	TO
29364	638	19	be	be	VB
29364	638	20	such	such	JJ
29364	638	21	that	that	IN
29364	638	22	an	an	DT
29364	638	23	English	english	JJ
29364	638	24	bank	bank	NN
29364	638	25	's	's	POS
29364	638	26	managers	manager	NNS
29364	638	27	have	have	VBP
29364	638	28	made	make	VBN
29364	638	29	up	up	RP
29364	638	30	their	-PRON-	PRP$
29364	638	31	minds	mind	NNS
29364	638	32	to	to	TO
29364	638	33	loan	loan	VB
29364	638	34	out	out	RP
29364	638	35	£	£	$
29364	638	36	100,000	100,000	CD
29364	638	37	in	in	IN
29364	638	38	New	New	NNP
29364	638	39	York	York	NNP
29364	638	40	--	--	:
29364	638	41	not	not	RB
29364	638	42	on	on	IN
29364	638	43	joint	joint	JJ
29364	638	44	account	account	NN
29364	638	45	with	with	IN
29364	638	46	the	the	DT
29364	638	47	American	american	JJ
29364	638	48	correspondent	correspondent	NN
29364	638	49	,	,	,
29364	638	50	as	as	IN
29364	638	51	is	be	VBZ
29364	638	52	often	often	RB
29364	638	53	done	do	VBN
29364	638	54	,	,	,
29364	638	55	but	but	CC
29364	638	56	entirely	entirely	RB
29364	638	57	independently	independently	RB
29364	638	58	.	.	.
29364	639	1	Included	include	VBN
29364	639	2	in	in	IN
29364	639	3	the	the	DT
29364	639	4	arrangements	arrangement	NNS
29364	639	5	for	for	IN
29364	639	6	the	the	DT
29364	639	7	transaction	transaction	NN
29364	639	8	will	will	MD
29364	639	9	be	be	VB
29364	639	10	a	a	DT
29364	639	11	stipulation	stipulation	NN
29364	639	12	as	as	IN
29364	639	13	to	to	IN
29364	639	14	whether	whether	IN
29364	639	15	the	the	DT
29364	639	16	foreign	foreign	JJ
29364	639	17	bank	bank	NN
29364	639	18	loaning	loan	VBG
29364	639	19	the	the	DT
29364	639	20	money	money	NN
29364	639	21	wants	want	VBZ
29364	639	22	to	to	TO
29364	639	23	loan	loan	VB
29364	639	24	it	-PRON-	PRP
29364	639	25	on	on	IN
29364	639	26	the	the	DT
29364	639	27	basis	basis	NN
29364	639	28	of	of	IN
29364	639	29	receiving	receive	VBG
29364	639	30	a	a	DT
29364	639	31	commission	commission	NN
29364	639	32	and	and	CC
29364	639	33	letting	let	VBG
29364	639	34	the	the	DT
29364	639	35	borrower	borrower	NN
29364	639	36	take	take	VB
29364	639	37	the	the	DT
29364	639	38	risk	risk	NN
29364	639	39	of	of	IN
29364	639	40	how	how	WRB
29364	639	41	demand	demand	NN
29364	639	42	exchange	exchange	NN
29364	639	43	may	may	MD
29364	639	44	fluctuate	fluctuate	VB
29364	639	45	during	during	IN
29364	639	46	the	the	DT
29364	639	47	life	life	NN
29364	639	48	of	of	IN
29364	639	49	the	the	DT
29364	639	50	loan	loan	NN
29364	639	51	,	,	,
29364	639	52	or	or	CC
29364	639	53	whether	whether	IN
29364	639	54	the	the	DT
29364	639	55	lender	lender	NN
29364	639	56	prefers	prefer	VBZ
29364	639	57	to	to	TO
29364	639	58	lend	lend	VB
29364	639	59	at	at	IN
29364	639	60	a	a	DT
29364	639	61	fixed	fix	VBN
29364	639	62	rate	rate	NN
29364	639	63	of	of	IN
29364	639	64	interest	interest	NN
29364	639	65	,	,	,
29364	639	66	say	say	VBP
29364	639	67	six	six	CD
29364	639	68	per	per	IN
29364	639	69	cent	cent	NN
29364	639	70	.	.	.
29364	639	71	,	,	,
29364	639	72	and	and	CC
29364	639	73	himself	-PRON-	PRP
29364	639	74	accept	accept	VBP
29364	639	75	the	the	DT
29364	639	76	risk	risk	NN
29364	639	77	of	of	IN
29364	639	78	exchange	exchange	NN
29364	639	79	.	.	.
29364	640	1	What	what	WP
29364	640	2	the	the	DT
29364	640	3	foregoing	foregoing	NN
29364	640	4	means	mean	VBZ
29364	640	5	will	will	MD
29364	640	6	perhaps	perhaps	RB
29364	640	7	become	become	VB
29364	640	8	more	more	RBR
29364	640	9	clear	clear	JJ
29364	640	10	if	if	IN
29364	640	11	it	-PRON-	PRP
29364	640	12	is	be	VBZ
29364	640	13	realized	realize	VBN
29364	640	14	that	that	IN
29364	640	15	in	in	IN
29364	640	16	the	the	DT
29364	640	17	first	first	JJ
29364	640	18	case	case	NN
29364	640	19	the	the	DT
29364	640	20	American	american	JJ
29364	640	21	agent	agent	NN
29364	640	22	of	of	IN
29364	640	23	the	the	DT
29364	640	24	foreign	foreign	JJ
29364	640	25	lender	lender	NN
29364	640	26	draws	draw	VBZ
29364	640	27	a	a	DT
29364	640	28	ninety	ninety	CD
29364	640	29	days	day	NNS
29364	640	30	'	'	POS
29364	640	31	sight	sight	NN
29364	640	32	sterling	sterling	NN
29364	640	33	bill	bill	NN
29364	640	34	for	for	IN
29364	640	35	,	,	,
29364	640	36	say	say	UH
29364	640	37	,	,	,
29364	640	38	£	£	$
29364	640	39	100,000	100,000	CD
29364	640	40	on	on	IN
29364	640	41	the	the	DT
29364	640	42	lender	lender	NN
29364	640	43	,	,	,
29364	640	44	and	and	CC
29364	640	45	hands	hand	VBZ
29364	640	46	the	the	DT
29364	640	47	actual	actual	JJ
29364	640	48	bill	bill	NN
29364	640	49	over	over	IN
29364	640	50	to	to	IN
29364	640	51	the	the	DT
29364	640	52	parties	party	NNS
29364	640	53	here	here	RB
29364	640	54	who	who	WP
29364	640	55	want	want	VBP
29364	640	56	the	the	DT
29364	640	57	money	money	NN
29364	640	58	.	.	.
29364	641	1	Upon	upon	IN
29364	641	2	the	the	DT
29364	641	3	latter	latter	JJ
29364	641	4	falls	fall	VBZ
29364	641	5	the	the	DT
29364	641	6	task	task	NN
29364	641	7	of	of	IN
29364	641	8	selling	sell	VBG
29364	641	9	the	the	DT
29364	641	10	bill	bill	NN
29364	641	11	,	,	,
29364	641	12	and	and	CC
29364	641	13	,	,	,
29364	641	14	ninety	ninety	CD
29364	641	15	days	day	NNS
29364	641	16	later	later	RB
29364	641	17	,	,	,
29364	641	18	when	when	WRB
29364	641	19	the	the	DT
29364	641	20	time	time	NN
29364	641	21	of	of	IN
29364	641	22	repayment	repayment	NN
29364	641	23	comes	come	VBZ
29364	641	24	,	,	,
29364	641	25	the	the	DT
29364	641	26	duty	duty	NN
29364	641	27	of	of	IN
29364	641	28	returning	return	VBG
29364	641	29	a	a	DT
29364	641	30	_	_	NNP
29364	641	31	demand	demand	NN
29364	641	32	_	_	NNP
29364	641	33	bill	bill	NN
29364	641	34	for	for	IN
29364	641	35	£	£	$
29364	641	36	100,000	100,000	CD
29364	641	37	,	,	,
29364	641	38	plus	plus	CC
29364	641	39	the	the	DT
29364	641	40	stipulated	stipulate	VBN
29364	641	41	commission	commission	NNP
29364	641	42	.	.	.
29364	642	1	In	in	IN
29364	642	2	the	the	DT
29364	642	3	second	second	JJ
29364	642	4	kind	kind	NN
29364	642	5	of	of	IN
29364	642	6	a	a	DT
29364	642	7	loan	loan	NN
29364	642	8	the	the	DT
29364	642	9	borrower	borrower	NN
29364	642	10	has	have	VBZ
29364	642	11	nothing	nothing	NN
29364	642	12	to	to	TO
29364	642	13	do	do	VB
29364	642	14	with	with	IN
29364	642	15	the	the	DT
29364	642	16	exchange	exchange	NN
29364	642	17	part	part	NN
29364	642	18	of	of	IN
29364	642	19	the	the	DT
29364	642	20	transaction	transaction	NN
29364	642	21	,	,	,
29364	642	22	the	the	DT
29364	642	23	American	american	JJ
29364	642	24	banking	banking	NN
29364	642	25	agent	agent	NN
29364	642	26	of	of	IN
29364	642	27	the	the	DT
29364	642	28	foreign	foreign	JJ
29364	642	29	lender	lender	NN
29364	642	30	turning	turn	VBG
29364	642	31	over	over	RP
29364	642	32	to	to	IN
29364	642	33	the	the	DT
29364	642	34	borrower	borrower	NN
29364	642	35	not	not	RB
29364	642	36	a	a	DT
29364	642	37	sterling	sterling	NN
29364	642	38	draft	draft	NN
29364	642	39	but	but	CC
29364	642	40	the	the	DT
29364	642	41	dollar	dollar	NN
29364	642	42	proceeds	proceed	NNS
29364	642	43	of	of	IN
29364	642	44	a	a	DT
29364	642	45	sterling	sterling	NN
29364	642	46	draft	draft	NN
29364	642	47	.	.	.
29364	643	1	How	how	WRB
29364	643	2	the	the	DT
29364	643	3	exchange	exchange	NN
29364	643	4	market	market	NN
29364	643	5	fluctuates	fluctuate	VBZ
29364	643	6	in	in	IN
29364	643	7	the	the	DT
29364	643	8	meantime	meantime	NN
29364	643	9	--	--	:
29364	643	10	what	what	WDT
29364	643	11	rate	rate	NN
29364	643	12	may	may	MD
29364	643	13	have	have	VB
29364	643	14	to	to	TO
29364	643	15	be	be	VB
29364	643	16	paid	pay	VBN
29364	643	17	at	at	IN
29364	643	18	the	the	DT
29364	643	19	end	end	NN
29364	643	20	of	of	IN
29364	643	21	ninety	ninety	CD
29364	643	22	days	day	NNS
29364	643	23	for	for	IN
29364	643	24	the	the	DT
29364	643	25	necessary	necessary	JJ
29364	643	26	demand	demand	NN
29364	643	27	draft	draft	NN
29364	643	28	--	--	:
29364	643	29	concerns	concern	VBZ
29364	643	30	the	the	DT
29364	643	31	borrower	borrower	NN
29364	643	32	not	not	RB
29364	643	33	at	at	RB
29364	643	34	all	all	RB
29364	643	35	.	.	.
29364	644	1	He	-PRON-	PRP
29364	644	2	received	receive	VBD
29364	644	3	dollars	dollar	NNS
29364	644	4	in	in	IN
29364	644	5	the	the	DT
29364	644	6	first	first	JJ
29364	644	7	place	place	NN
29364	644	8	,	,	,
29364	644	9	and	and	CC
29364	644	10	when	when	WRB
29364	644	11	the	the	DT
29364	644	12	loan	loan	NN
29364	644	13	comes	come	VBZ
29364	644	14	due	due	JJ
29364	644	15	he	-PRON-	PRP
29364	644	16	pays	pay	VBZ
29364	644	17	back	back	RB
29364	644	18	dollars	dollar	NNS
29364	644	19	,	,	,
29364	644	20	plus	plus	CC
29364	644	21	four	four	CD
29364	644	22	,	,	,
29364	644	23	five	five	CD
29364	644	24	or	or	CC
29364	644	25	six	six	CD
29364	644	26	per	per	IN
29364	644	27	cent	cent	NN
29364	644	28	.	.	.
29364	644	29	,	,	,
29364	644	30	as	as	IN
29364	644	31	the	the	DT
29364	644	32	case	case	NN
29364	644	33	may	may	MD
29364	644	34	be	be	VB
29364	644	35	.	.	.
29364	645	1	What	what	WDT
29364	645	2	rate	rate	NN
29364	645	3	has	have	VBZ
29364	645	4	to	to	TO
29364	645	5	be	be	VB
29364	645	6	paid	pay	VBN
29364	645	7	for	for	IN
29364	645	8	the	the	DT
29364	645	9	demand	demand	NN
29364	645	10	exchange	exchange	NN
29364	645	11	affects	affect	VBZ
29364	645	12	the	the	DT
29364	645	13	banker	banker	NN
29364	645	14	only	only	RB
29364	645	15	,	,	,
29364	645	16	not	not	RB
29364	645	17	the	the	DT
29364	645	18	borrower	borrower	NN
29364	645	19	.	.	.
29364	646	1	Loans	loan	NNS
29364	646	2	made	make	VBN
29364	646	3	under	under	IN
29364	646	4	the	the	DT
29364	646	5	first	first	JJ
29364	646	6	conditions	condition	NNS
29364	646	7	are	be	VBP
29364	646	8	known	know	VBN
29364	646	9	as	as	IN
29364	646	10	sterling	sterling	NN
29364	646	11	,	,	,
29364	646	12	mark	mark	NNP
29364	646	13	,	,	,
29364	646	14	or	or	CC
29364	646	15	franc	franc	NN
29364	646	16	loans	loan	NNS
29364	646	17	;	;	:
29364	646	18	the	the	DT
29364	646	19	other	other	JJ
29364	646	20	kind	kind	NN
29364	646	21	are	be	VBP
29364	646	22	usually	usually	RB
29364	646	23	called	call	VBN
29364	646	24	"	"	``
29364	646	25	currency	currency	NN
29364	646	26	loans	loan	NNS
29364	646	27	.	.	.
29364	646	28	"	"	''
29364	647	1	At	at	IN
29364	647	2	the	the	DT
29364	647	3	risk	risk	NN
29364	647	4	of	of	IN
29364	647	5	repetition	repetition	NN
29364	647	6	,	,	,
29364	647	7	it	-PRON-	PRP
29364	647	8	is	be	VBZ
29364	647	9	to	to	TO
29364	647	10	be	be	VB
29364	647	11	said	say	VBN
29364	647	12	that	that	IN
29364	647	13	in	in	IN
29364	647	14	the	the	DT
29364	647	15	case	case	NN
29364	647	16	of	of	IN
29364	647	17	sterling	sterling	NN
29364	647	18	loans	loan	NNS
29364	647	19	the	the	DT
29364	647	20	borrower	borrower	NN
29364	647	21	pays	pay	VBZ
29364	647	22	a	a	DT
29364	647	23	flat	flat	JJ
29364	647	24	commission	commission	NN
29364	647	25	and	and	CC
29364	647	26	takes	take	VBZ
29364	647	27	the	the	DT
29364	647	28	risk	risk	NN
29364	647	29	of	of	IN
29364	647	30	what	what	WP
29364	647	31	rate	rate	NN
29364	647	32	he	-PRON-	PRP
29364	647	33	may	may	MD
29364	647	34	have	have	VB
29364	647	35	to	to	TO
29364	647	36	pay	pay	VB
29364	647	37	for	for	IN
29364	647	38	demand	demand	NN
29364	647	39	exchange	exchange	NN
29364	647	40	when	when	WRB
29364	647	41	the	the	DT
29364	647	42	loan	loan	NN
29364	647	43	comes	come	VBZ
29364	647	44	due	due	JJ
29364	647	45	.	.	.
29364	648	1	In	in	IN
29364	648	2	the	the	DT
29364	648	3	case	case	NN
29364	648	4	of	of	IN
29364	648	5	a	a	DT
29364	648	6	currency	currency	NN
29364	648	7	loan	loan	NN
29364	648	8	the	the	DT
29364	648	9	borrower	borrower	NN
29364	648	10	knows	know	VBZ
29364	648	11	nothing	nothing	NN
29364	648	12	about	about	IN
29364	648	13	the	the	DT
29364	648	14	foreign	foreign	JJ
29364	648	15	exchange	exchange	NN
29364	648	16	transaction	transaction	NN
29364	648	17	.	.	.
29364	649	1	He	-PRON-	PRP
29364	649	2	receives	receive	VBZ
29364	649	3	dollars	dollar	NNS
29364	649	4	,	,	,
29364	649	5	and	and	CC
29364	649	6	pays	pay	VBZ
29364	649	7	them	-PRON-	PRP
29364	649	8	back	back	RB
29364	649	9	with	with	IN
29364	649	10	a	a	DT
29364	649	11	fixed	fix	VBN
29364	649	12	rate	rate	NN
29364	649	13	of	of	IN
29364	649	14	interest	interest	NN
29364	649	15	,	,	,
29364	649	16	leaving	leave	VBG
29364	649	17	the	the	DT
29364	649	18	whole	whole	JJ
29364	649	19	question	question	NN
29364	649	20	and	and	CC
29364	649	21	risk	risk	NN
29364	649	22	of	of	IN
29364	649	23	exchange	exchange	NN
29364	649	24	to	to	IN
29364	649	25	the	the	DT
29364	649	26	lending	lending	NN
29364	649	27	banker	banker	NN
29364	649	28	.	.	.
29364	650	1	To	to	TO
29364	650	2	illustrate	illustrate	VB
29364	650	3	the	the	DT
29364	650	4	mechanism	mechanism	NN
29364	650	5	of	of	IN
29364	650	6	one	one	CD
29364	650	7	of	of	IN
29364	650	8	these	these	DT
29364	650	9	sterling	sterling	JJ
29364	650	10	loans	loan	NNS
29364	650	11	.	.	.
29364	651	1	Suppose	suppose	VB
29364	651	2	the	the	DT
29364	651	3	London	London	NNP
29364	651	4	Bank	Bank	NNP
29364	651	5	,	,	,
29364	651	6	Ltd.	Ltd.	NNP
29364	651	7	,	,	,
29364	651	8	to	to	TO
29364	651	9	have	have	VB
29364	651	10	arranged	arrange	VBN
29364	651	11	with	with	IN
29364	651	12	the	the	DT
29364	651	13	New	New	NNP
29364	651	14	York	York	NNP
29364	651	15	Bank	Bank	NNP
29364	651	16	to	to	TO
29364	651	17	have	have	VB
29364	651	18	the	the	DT
29364	651	19	latter	latter	JJ
29364	651	20	loan	loan	NN
29364	651	21	out	out	RP
29364	651	22	£	£	$
29364	651	23	100,000	100,000	CD
29364	651	24	in	in	IN
29364	651	25	the	the	DT
29364	651	26	New	New	NNP
29364	651	27	York	York	NNP
29364	651	28	market	market	NN
29364	651	29	.	.	.
29364	652	1	The	the	DT
29364	652	2	New	New	NNP
29364	652	3	York	York	NNP
29364	652	4	Bank	Bank	NNP
29364	652	5	draws	draw	VBZ
29364	652	6	£	£	$
29364	652	7	100,000	100,000	CD
29364	652	8	of	of	IN
29364	652	9	ninety	ninety	CD
29364	652	10	days	day	NNS
29364	652	11	'	'	POS
29364	652	12	sight	sight	NN
29364	652	13	bills	bill	NNS
29364	652	14	,	,	,
29364	652	15	and	and	CC
29364	652	16	,	,	,
29364	652	17	satisfactory	satisfactory	JJ
29364	652	18	collateral	collateral	NN
29364	652	19	having	have	VBG
29364	652	20	been	be	VBN
29364	652	21	deposited	deposit	VBN
29364	652	22	,	,	,
29364	652	23	turns	turn	VBZ
29364	652	24	them	-PRON-	PRP
29364	652	25	over	over	RP
29364	652	26	to	to	IN
29364	652	27	the	the	DT
29364	652	28	brokerage	brokerage	NN
29364	652	29	house	house	NN
29364	652	30	of	of	IN
29364	652	31	Smith	Smith	NNP
29364	652	32	&	&	CC
29364	652	33	Jones	Jones	NNP
29364	652	34	.	.	.
29364	653	1	Smith	Smith	NNP
29364	653	2	&	&	CC
29364	653	3	Jones	Jones	NNP
29364	653	4	at	at	IN
29364	653	5	once	once	RB
29364	653	6	sell	sell	VBP
29364	653	7	the	the	DT
29364	653	8	£	£	$
29364	653	9	100,000	100,000	CD
29364	653	10	,	,	,
29364	653	11	receiving	receive	VBG
29364	653	12	therefor	therefor	IN
29364	653	13	,	,	,
29364	653	14	say	say	UH
29364	653	15	,	,	,
29364	653	16	$	$	$
29364	653	17	484,000	484,000	CD
29364	653	18	.	.	.
29364	654	1	The	the	DT
29364	654	2	bills	bill	NNS
29364	654	3	sold	sell	VBN
29364	654	4	by	by	IN
29364	654	5	Smith	Smith	NNP
29364	654	6	&	&	CC
29364	654	7	Jones	Jones	NNP
29364	654	8	find	find	VBP
29364	654	9	their	-PRON-	PRP$
29364	654	10	way	way	NN
29364	654	11	to	to	IN
29364	654	12	London	London	NNP
29364	654	13	by	by	IN
29364	654	14	the	the	DT
29364	654	15	first	first	JJ
29364	654	16	steamer	steamer	NN
29364	654	17	,	,	,
29364	654	18	are	be	VBP
29364	654	19	accepted	accept	VBN
29364	654	20	and	and	CC
29364	654	21	discounted	discount	VBN
29364	654	22	.	.	.
29364	655	1	Ninety	ninety	CD
29364	655	2	days	day	NNS
29364	655	3	later	later	RB
29364	655	4	they	-PRON-	PRP
29364	655	5	will	will	MD
29364	655	6	come	come	VB
29364	655	7	due	due	JJ
29364	655	8	and	and	CC
29364	655	9	have	have	VB
29364	655	10	to	to	TO
29364	655	11	be	be	VB
29364	655	12	paid	pay	VBN
29364	655	13	,	,	,
29364	655	14	and	and	CC
29364	655	15	ten	ten	CD
29364	655	16	days	day	NNS
29364	655	17	prior	prior	RB
29364	655	18	to	to	IN
29364	655	19	their	-PRON-	PRP$
29364	655	20	maturity	maturity	NN
29364	655	21	the	the	DT
29364	655	22	New	New	NNP
29364	655	23	York	York	NNP
29364	655	24	Bank	Bank	NNP
29364	655	25	will	will	MD
29364	655	26	be	be	VB
29364	655	27	expecting	expect	VBG
29364	655	28	Smith	Smith	NNP
29364	655	29	&	&	CC
29364	655	30	Jones	Jones	NNP
29364	655	31	to	to	TO
29364	655	32	send	send	VB
29364	655	33	in	in	RP
29364	655	34	a	a	DT
29364	655	35	_	_	NNP
29364	655	36	demand	demand	NN
29364	655	37	_	_	NNP
29364	655	38	draft	draft	NN
29364	655	39	for	for	IN
29364	655	40	£	£	$
29364	655	41	100,000	100,000	CD
29364	655	42	,	,	,
29364	655	43	plus	plus	CC
29364	655	44	three	three	CD
29364	655	45	-	-	HYPH
29364	655	46	eighths	eighth	NNS
29364	655	47	per	per	IN
29364	655	48	cent	cent	NN
29364	655	49	.	.	.
29364	656	1	commission	commission	NNP
29364	656	2	,	,	,
29364	656	3	making	make	VBG
29364	656	4	£	£	$
29364	656	5	375	375	CD
29364	656	6	additional	additional	JJ
29364	656	7	.	.	.
29364	657	1	This	this	DT
29364	657	2	£	£	$
29364	657	3	100,375	100,375	CD
29364	657	4	,	,	,
29364	657	5	less	less	JJR
29364	657	6	its	-PRON-	PRP$
29364	657	7	commission	commission	NN
29364	657	8	for	for	IN
29364	657	9	having	have	VBG
29364	657	10	handled	handle	VBN
29364	657	11	the	the	DT
29364	657	12	loan	loan	NN
29364	657	13	,	,	,
29364	657	14	the	the	DT
29364	657	15	New	New	NNP
29364	657	16	York	York	NNP
29364	657	17	Bank	Bank	NNP
29364	657	18	will	will	MD
29364	657	19	send	send	VB
29364	657	20	to	to	IN
29364	657	21	London	London	NNP
29364	657	22	,	,	,
29364	657	23	where	where	WRB
29364	657	24	it	-PRON-	PRP
29364	657	25	will	will	MD
29364	657	26	arrive	arrive	VB
29364	657	27	a	a	DT
29364	657	28	couple	couple	NN
29364	657	29	of	of	IN
29364	657	30	days	day	NNS
29364	657	31	before	before	IN
29364	657	32	the	the	DT
29364	657	33	£	£	$
29364	657	34	100,000	100,000	CD
29364	657	35	of	of	IN
29364	657	36	ninety	ninety	CD
29364	657	37	days	day	NNS
29364	657	38	'	'	POS
29364	657	39	sight	sight	NN
29364	657	40	bills	bill	NNS
29364	657	41	originally	originally	RB
29364	657	42	drawn	draw	VBN
29364	657	43	on	on	IN
29364	657	44	the	the	DT
29364	657	45	London	London	NNP
29364	657	46	Bank	Bank	NNP
29364	657	47	,	,	,
29364	657	48	Ltd.	Ltd.	NNP
29364	657	49	,	,	,
29364	657	50	mature	mature	JJ
29364	657	51	.	.	.
29364	658	1	What	what	WP
29364	658	2	each	each	DT
29364	658	3	of	of	IN
29364	658	4	the	the	DT
29364	658	5	bankers	banker	NNS
29364	658	6	concerned	concern	VBN
29364	658	7	makes	make	VBZ
29364	658	8	out	out	IN
29364	658	9	of	of	IN
29364	658	10	the	the	DT
29364	658	11	transaction	transaction	NN
29364	658	12	is	be	VBZ
29364	658	13	plain	plain	JJ
29364	658	14	enough	enough	RB
29364	658	15	.	.	.
29364	659	1	As	as	IN
29364	659	2	to	to	IN
29364	659	3	what	what	WP
29364	659	4	Smith	Smith	NNP
29364	659	5	&	&	CC
29364	659	6	Jones	Jones	NNP
29364	659	7	'	'	POS
29364	659	8	ninety	ninety	CD
29364	659	9	-	-	HYPH
29364	659	10	day	day	NN
29364	659	11	loan	loan	NN
29364	659	12	cost	cost	VBD
29364	659	13	them	-PRON-	PRP
29364	659	14	,	,	,
29364	659	15	in	in	IN
29364	659	16	addition	addition	NN
29364	659	17	to	to	IN
29364	659	18	the	the	DT
29364	659	19	flat	flat	JJ
29364	659	20	three	three	CD
29364	659	21	-	-	HYPH
29364	659	22	eighths	eighth	NNS
29364	659	23	per	per	IN
29364	659	24	cent	cent	NN
29364	659	25	.	.	.
29364	660	1	they	-PRON-	PRP
29364	660	2	had	have	VBD
29364	660	3	to	to	TO
29364	660	4	pay	pay	VB
29364	660	5	,	,	,
29364	660	6	that	that	WDT
29364	660	7	depends	depend	VBZ
29364	660	8	upon	upon	IN
29364	660	9	what	what	WP
29364	660	10	they	-PRON-	PRP
29364	660	11	realize	realize	VBP
29364	660	12	from	from	IN
29364	660	13	the	the	DT
29364	660	14	sale	sale	NN
29364	660	15	of	of	IN
29364	660	16	the	the	DT
29364	660	17	ninety	ninety	CD
29364	660	18	days	day	NNS
29364	660	19	'	'	POS
29364	660	20	sight	sight	NN
29364	660	21	bills	bill	NNS
29364	660	22	in	in	IN
29364	660	23	the	the	DT
29364	660	24	first	first	JJ
29364	660	25	place	place	NN
29364	660	26	and	and	CC
29364	660	27	secondly	secondly	RB
29364	660	28	on	on	IN
29364	660	29	what	what	WDT
29364	660	30	rate	rate	NN
29364	660	31	they	-PRON-	PRP
29364	660	32	had	have	VBD
29364	660	33	to	to	TO
29364	660	34	pay	pay	VB
29364	660	35	for	for	IN
29364	660	36	the	the	DT
29364	660	37	demand	demand	NN
29364	660	38	bill	bill	NN
29364	660	39	for	for	IN
29364	660	40	£	£	$
29364	660	41	100,000	100,000	CD
29364	660	42	.	.	.
29364	661	1	Exchange	exchange	NN
29364	661	2	may	may	MD
29364	661	3	have	have	VB
29364	661	4	gone	go	VBN
29364	661	5	up	up	RP
29364	661	6	during	during	IN
29364	661	7	the	the	DT
29364	661	8	life	life	NN
29364	661	9	of	of	IN
29364	661	10	the	the	DT
29364	661	11	loan	loan	NN
29364	661	12	,	,	,
29364	661	13	making	make	VBG
29364	661	14	the	the	DT
29364	661	15	loan	loan	NN
29364	661	16	expensive	expensive	JJ
29364	661	17	,	,	,
29364	661	18	or	or	CC
29364	661	19	it	-PRON-	PRP
29364	661	20	may	may	MD
29364	661	21	have	have	VB
29364	661	22	gone	go	VBN
29364	661	23	down	down	RB
29364	661	24	,	,	,
29364	661	25	making	make	VBG
29364	661	26	the	the	DT
29364	661	27	cost	cost	NN
29364	661	28	very	very	RB
29364	661	29	little	little	JJ
29364	661	30	.	.	.
29364	662	1	Plainly	plainly	RB
29364	662	2	stated	state	VBN
29364	662	3	,	,	,
29364	662	4	unless	unless	IN
29364	662	5	they	-PRON-	PRP
29364	662	6	secured	secure	VBD
29364	662	7	themselves	-PRON-	PRP
29364	662	8	by	by	IN
29364	662	9	buying	buy	VBG
29364	662	10	a	a	DT
29364	662	11	"	"	``
29364	662	12	future	future	NN
29364	662	13	"	"	''
29364	662	14	for	for	IN
29364	662	15	the	the	DT
29364	662	16	delivery	delivery	NN
29364	662	17	of	of	IN
29364	662	18	a	a	DT
29364	662	19	£	£	$
29364	662	20	100,000	100,000	CD
29364	662	21	demand	demand	NN
29364	662	22	bill	bill	NN
29364	662	23	in	in	IN
29364	662	24	ninety	ninety	CD
29364	662	25	days	day	NNS
29364	662	26	at	at	IN
29364	662	27	a	a	DT
29364	662	28	fixed	fix	VBN
29364	662	29	rate	rate	NN
29364	662	30	,	,	,
29364	662	31	Messrs.	Messrs.	NNP
29364	662	32	Smith	Smith	NNP
29364	662	33	&	&	CC
29364	662	34	Jones	Jones	NNP
29364	662	35	have	have	VBP
29364	662	36	been	be	VBN
29364	662	37	making	make	VBG
29364	662	38	a	a	DT
29364	662	39	mild	mild	JJ
29364	662	40	speculation	speculation	NN
29364	662	41	in	in	IN
29364	662	42	foreign	foreign	JJ
29364	662	43	exchange	exchange	NN
29364	662	44	.	.	.
29364	663	1	If	if	IN
29364	663	2	the	the	DT
29364	663	3	same	same	JJ
29364	663	4	loan	loan	NN
29364	663	5	had	have	VBD
29364	663	6	been	be	VBN
29364	663	7	made	make	VBN
29364	663	8	on	on	IN
29364	663	9	the	the	DT
29364	663	10	other	other	JJ
29364	663	11	basis	basis	NN
29364	663	12	,	,	,
29364	663	13	the	the	DT
29364	663	14	New	New	NNP
29364	663	15	York	York	NNP
29364	663	16	Bank	Bank	NNP
29364	663	17	would	would	MD
29364	663	18	have	have	VB
29364	663	19	turned	turn	VBN
29364	663	20	over	over	RP
29364	663	21	to	to	IN
29364	663	22	Smith	Smith	NNP
29364	663	23	&	&	CC
29364	663	24	Jones	Jones	NNP
29364	663	25	not	not	RB
29364	663	26	a	a	DT
29364	663	27	_	_	NNP
29364	663	28	sterling	sterling	NN
29364	663	29	bill	bill	NN
29364	663	30	_	_	NNP
29364	663	31	for	for	IN
29364	663	32	£	£	$
29364	663	33	100,000	100,000	CD
29364	663	34	,	,	,
29364	663	35	but	but	CC
29364	663	36	the	the	DT
29364	663	37	_	_	NNP
29364	663	38	dollar	dollar	NN
29364	663	39	proceeds	proceed	VBZ
29364	663	40	_	_	NNP
29364	663	41	of	of	IN
29364	663	42	such	such	PDT
29364	663	43	a	a	DT
29364	663	44	bill	bill	NN
29364	663	45	,	,	,
29364	663	46	say	say	VB
29364	663	47	a	a	DT
29364	663	48	check	check	NN
29364	663	49	for	for	IN
29364	663	50	$	$	$
29364	663	51	484,000	484,000	CD
29364	663	52	.	.	.
29364	664	1	At	at	IN
29364	664	2	the	the	DT
29364	664	3	end	end	NN
29364	664	4	of	of	IN
29364	664	5	ninety	ninety	CD
29364	664	6	days	day	NNS
29364	664	7	Smith	Smith	NNP
29364	664	8	&	&	CC
29364	664	9	Jones	Jones	NNP
29364	664	10	would	would	MD
29364	664	11	have	have	VB
29364	664	12	had	have	VBN
29364	664	13	to	to	TO
29364	664	14	pay	pay	VB
29364	664	15	back	back	RB
29364	664	16	$	$	$
29364	664	17	484,000	484,000	CD
29364	664	18	,	,	,
29364	664	19	plus	plus	CC
29364	664	20	ninety	ninety	CD
29364	664	21	days	day	NNS
29364	664	22	'	'	POS
29364	664	23	interest	interest	NN
29364	664	24	at	at	IN
29364	664	25	six	six	CD
29364	664	26	per	per	IN
29364	664	27	cent	cent	NN
29364	664	28	,	,	,
29364	664	29	$	$	$
29364	664	30	7,260	7,260	CD
29364	664	31	,	,	,
29364	664	32	all	all	DT
29364	664	33	of	of	IN
29364	664	34	which	which	WDT
29364	664	35	cash	cash	NN
29364	664	36	,	,	,
29364	664	37	less	less	JJR
29364	664	38	commission	commission	NN
29364	664	39	,	,	,
29364	664	40	the	the	DT
29364	664	41	New	New	NNP
29364	664	42	York	York	NNP
29364	664	43	Bank	Bank	NNP
29364	664	44	would	would	MD
29364	664	45	have	have	VB
29364	664	46	invested	invest	VBN
29364	664	47	in	in	IN
29364	664	48	a	a	DT
29364	664	49	demand	demand	NN
29364	664	50	bill	bill	NN
29364	664	51	of	of	IN
29364	664	52	exchange	exchange	NN
29364	664	53	and	and	CC
29364	664	54	sent	send	VBD
29364	664	55	over	over	RP
29364	664	56	to	to	IN
29364	664	57	the	the	DT
29364	664	58	London	London	NNP
29364	664	59	Bank	Bank	NNP
29364	664	60	,	,	,
29364	664	61	Ltd.	Ltd.	NNP
29364	664	62	Whatever	whatever	WDT
29364	664	63	more	more	JJR
29364	664	64	than	than	IN
29364	664	65	the	the	DT
29364	664	66	£	£	$
29364	664	67	100,000	100,000	CD
29364	664	68	needed	need	VBN
29364	664	69	to	to	TO
29364	664	70	pay	pay	VB
29364	664	71	off	off	RP
29364	664	72	the	the	DT
29364	664	73	maturing	mature	VBG
29364	664	74	nineties	ninety	NNS
29364	664	75	such	such	PDT
29364	664	76	a	a	DT
29364	664	77	demand	demand	NN
29364	664	78	draft	draft	NN
29364	664	79	amounted	amount	VBD
29364	664	80	to	to	IN
29364	664	81	,	,	,
29364	664	82	would	would	MD
29364	664	83	be	be	VB
29364	664	84	the	the	DT
29364	664	85	London	London	NNP
29364	664	86	Bank	Bank	NNP
29364	664	87	,	,	,
29364	664	88	Ltd.	Ltd.	NNP
29364	664	89	's	's	POS
29364	664	90	,	,	,
29364	664	91	profit	profit	NN
29364	664	92	.	.	.
29364	665	1	From	from	IN
29364	665	2	all	all	DT
29364	665	3	of	of	IN
29364	665	4	which	which	WDT
29364	665	5	it	-PRON-	PRP
29364	665	6	is	be	VBZ
29364	665	7	plainly	plainly	RB
29364	665	8	to	to	TO
29364	665	9	be	be	VB
29364	665	10	seen	see	VBN
29364	665	11	that	that	IN
29364	665	12	when	when	WRB
29364	665	13	the	the	DT
29364	665	14	London	London	NNP
29364	665	15	bankers	banker	NNS
29364	665	16	are	be	VBP
29364	665	17	willing	willing	JJ
29364	665	18	to	to	TO
29364	665	19	lend	lend	VB
29364	665	20	money	money	NN
29364	665	21	here	here	RB
29364	665	22	and	and	CC
29364	665	23	figure	figure	VB
29364	665	24	that	that	IN
29364	665	25	the	the	DT
29364	665	26	exchange	exchange	NN
29364	665	27	market	market	NN
29364	665	28	is	be	VBZ
29364	665	29	on	on	IN
29364	665	30	the	the	DT
29364	665	31	down	down	JJ
29364	665	32	track	track	NN
29364	665	33	,	,	,
29364	665	34	they	-PRON-	PRP
29364	665	35	will	will	MD
29364	665	36	insist	insist	VB
29364	665	37	upon	upon	IN
29364	665	38	doing	do	VBG
29364	665	39	their	-PRON-	PRP$
29364	665	40	lending	lending	NN
29364	665	41	on	on	IN
29364	665	42	the	the	DT
29364	665	43	"	"	``
29364	665	44	currency	currency	NN
29364	665	45	loan	loan	NN
29364	665	46	"	"	''
29364	665	47	basis	basis	NN
29364	665	48	--	--	:
29364	665	49	taking	take	VBG
29364	665	50	the	the	DT
29364	665	51	risk	risk	NN
29364	665	52	of	of	IN
29364	665	53	exchange	exchange	NN
29364	665	54	themselves	-PRON-	PRP
29364	665	55	.	.	.
29364	666	1	Conversely	conversely	RB
29364	666	2	,	,	,
29364	666	3	when	when	WRB
29364	666	4	loaning	loan	VBG
29364	666	5	operations	operation	NNS
29364	666	6	seem	seem	VBP
29364	666	7	profitable	profitable	JJ
29364	666	8	but	but	CC
29364	666	9	rates	rate	NNS
29364	666	10	seem	seem	VBP
29364	666	11	to	to	TO
29364	666	12	be	be	VB
29364	666	13	on	on	IN
29364	666	14	the	the	DT
29364	666	15	upturn	upturn	NN
29364	666	16	,	,	,
29364	666	17	lenders	lender	NNS
29364	666	18	will	will	MD
29364	666	19	do	do	VB
29364	666	20	their	-PRON-	PRP$
29364	666	21	best	good	JJS
29364	666	22	to	to	TO
29364	666	23	put	put	VB
29364	666	24	their	-PRON-	PRP$
29364	666	25	money	money	NN
29364	666	26	out	out	RP
29364	666	27	in	in	IN
29364	666	28	the	the	DT
29364	666	29	form	form	NN
29364	666	30	of	of	IN
29364	666	31	"	"	``
29364	666	32	sterling	sterling	JJ
29364	666	33	loans	loan	NNS
29364	666	34	.	.	.
29364	666	35	"	"	''
29364	667	1	Bankers	banker	NNS
29364	667	2	are	be	VBP
29364	667	3	not	not	RB
29364	667	4	always	always	RB
29364	667	5	right	right	JJ
29364	667	6	in	in	IN
29364	667	7	their	-PRON-	PRP$
29364	667	8	views	view	NNS
29364	667	9	,	,	,
29364	667	10	by	by	IN
29364	667	11	any	any	DT
29364	667	12	means	mean	NNS
29364	667	13	,	,	,
29364	667	14	but	but	CC
29364	667	15	as	as	IN
29364	667	16	a	a	DT
29364	667	17	general	general	JJ
29364	667	18	principle	principle	NN
29364	667	19	it	-PRON-	PRP
29364	667	20	can	can	MD
29364	667	21	be	be	VB
29364	667	22	said	say	VBN
29364	667	23	that	that	IN
29364	667	24	when	when	WRB
29364	667	25	big	big	JJ
29364	667	26	amounts	amount	NNS
29364	667	27	of	of	IN
29364	667	28	foreign	foreign	JJ
29364	667	29	money	money	NN
29364	667	30	offered	offer	VBN
29364	667	31	in	in	IN
29364	667	32	this	this	DT
29364	667	33	market	market	NN
29364	667	34	are	be	VBP
29364	667	35	all	all	DT
29364	667	36	offered	offer	VBN
29364	667	37	on	on	IN
29364	667	38	the	the	DT
29364	667	39	"	"	``
29364	667	40	sterling	sterling	JJ
29364	667	41	loan	loan	NN
29364	667	42	"	"	''
29364	667	43	basis	basis	NN
29364	667	44	,	,	,
29364	667	45	a	a	DT
29364	667	46	rising	rise	VBG
29364	667	47	exchange	exchange	NN
29364	667	48	market	market	NN
29364	667	49	is	be	VBZ
29364	667	50	to	to	TO
29364	667	51	be	be	VB
29364	667	52	expected	expect	VBN
29364	667	53	.	.	.
29364	668	1	As	as	IN
29364	668	2	to	to	IN
29364	668	3	the	the	DT
29364	668	4	collateral	collateral	NN
29364	668	5	on	on	IN
29364	668	6	these	these	DT
29364	668	7	foreign	foreign	JJ
29364	668	8	loans	loan	NNS
29364	668	9	,	,	,
29364	668	10	it	-PRON-	PRP
29364	668	11	is	be	VBZ
29364	668	12	evident	evident	JJ
29364	668	13	that	that	IN
29364	668	14	there	there	EX
29364	668	15	is	be	VBZ
29364	668	16	as	as	RB
29364	668	17	much	much	JJ
29364	668	18	chance	chance	NN
29364	668	19	for	for	IN
29364	668	20	different	different	JJ
29364	668	21	ways	way	NNS
29364	668	22	of	of	IN
29364	668	23	looking	look	VBG
29364	668	24	at	at	IN
29364	668	25	different	different	JJ
29364	668	26	stocks	stock	NNS
29364	668	27	as	as	IN
29364	668	28	there	there	EX
29364	668	29	is	be	VBZ
29364	668	30	in	in	IN
29364	668	31	regular	regular	JJ
29364	668	32	domestic	domestic	JJ
29364	668	33	loaning	loaning	NN
29364	668	34	operations	operation	NNS
29364	668	35	.	.	.
29364	669	1	Not	not	RB
29364	669	2	only	only	RB
29364	669	3	does	do	VBZ
29364	669	4	the	the	DT
29364	669	5	standing	standing	NN
29364	669	6	of	of	IN
29364	669	7	the	the	DT
29364	669	8	borrower	borrower	NN
29364	669	9	here	here	RB
29364	669	10	make	make	VBP
29364	669	11	a	a	DT
29364	669	12	difference	difference	NN
29364	669	13	,	,	,
29364	669	14	but	but	CC
29364	669	15	there	there	EX
29364	669	16	are	be	VBP
29364	669	17	certain	certain	JJ
29364	669	18	securities	security	NNS
29364	669	19	which	which	WDT
29364	669	20	certain	certain	JJ
29364	669	21	banks	bank	NNS
29364	669	22	abroad	abroad	RB
29364	669	23	favor	favor	VBP
29364	669	24	,	,	,
29364	669	25	and	and	CC
29364	669	26	others	other	NNS
29364	669	27	,	,	,
29364	669	28	perhaps	perhaps	RB
29364	669	29	just	just	RB
29364	669	30	as	as	RB
29364	669	31	good	good	JJ
29364	669	32	,	,	,
29364	669	33	with	with	IN
29364	669	34	which	which	WDT
29364	669	35	they	-PRON-	PRP
29364	669	36	will	will	MD
29364	669	37	have	have	VB
29364	669	38	nothing	nothing	NN
29364	669	39	to	to	TO
29364	669	40	do	do	VB
29364	669	41	.	.	.
29364	670	1	Excepting	except	VBG
29364	670	2	the	the	DT
29364	670	3	case	case	NN
29364	670	4	of	of	IN
29364	670	5	special	special	JJ
29364	670	6	negotiation	negotiation	NN
29364	670	7	,	,	,
29364	670	8	however	however	RB
29364	670	9	,	,	,
29364	670	10	it	-PRON-	PRP
29364	670	11	may	may	MD
29364	670	12	be	be	VB
29364	670	13	said	say	VBN
29364	670	14	that	that	IN
29364	670	15	the	the	DT
29364	670	16	collateral	collateral	NN
29364	670	17	put	put	VBD
29364	670	18	up	up	RP
29364	670	19	the	the	DT
29364	670	20	case	case	NN
29364	670	21	of	of	IN
29364	670	22	foreign	foreign	JJ
29364	670	23	loans	loan	NNS
29364	670	24	in	in	IN
29364	670	25	this	this	DT
29364	670	26	market	market	NN
29364	670	27	is	be	VBZ
29364	670	28	of	of	IN
29364	670	29	a	a	DT
29364	670	30	very	very	RB
29364	670	31	high	high	JJ
29364	670	32	order	order	NN
29364	670	33	.	.	.
29364	671	1	Three	three	CD
29364	671	2	years	year	NNS
29364	671	3	ago	ago	RB
29364	671	4	this	this	DT
29364	671	5	could	could	MD
29364	671	6	hardly	hardly	RB
29364	671	7	have	have	VB
29364	671	8	been	be	VBN
29364	671	9	said	say	VBN
29364	671	10	,	,	,
29364	671	11	but	but	CC
29364	671	12	one	one	CD
29364	671	13	of	of	IN
29364	671	14	the	the	DT
29364	671	15	many	many	JJ
29364	671	16	beneficial	beneficial	JJ
29364	671	17	effects	effect	NNS
29364	671	18	of	of	IN
29364	671	19	the	the	DT
29364	671	20	panic	panic	NN
29364	671	21	was	be	VBD
29364	671	22	to	to	TO
29364	671	23	greatly	greatly	RB
29364	671	24	raise	raise	VB
29364	671	25	the	the	DT
29364	671	26	standard	standard	NN
29364	671	27	of	of	IN
29364	671	28	the	the	DT
29364	671	29	collateral	collateral	NN
29364	671	30	required	require	VBN
29364	671	31	by	by	IN
29364	671	32	foreign	foreign	JJ
29364	671	33	lenders	lender	NNS
29364	671	34	in	in	IN
29364	671	35	this	this	DT
29364	671	36	market	market	NN
29364	671	37	.	.	.
29364	672	1	It	-PRON-	PRP
29364	672	2	used	use	VBD
29364	672	3	formerly	formerly	RB
29364	672	4	to	to	TO
29364	672	5	be	be	VB
29364	672	6	more	more	RBR
29364	672	7	a	a	DT
29364	672	8	case	case	NN
29364	672	9	of	of	IN
29364	672	10	the	the	DT
29364	672	11	standing	standing	NN
29364	672	12	of	of	IN
29364	672	13	the	the	DT
29364	672	14	borrower	borrower	NN
29364	672	15	.	.	.
29364	673	1	Nowadays	nowadays	RB
29364	673	2	the	the	DT
29364	673	3	collateral	collateral	NN
29364	673	4	is	be	VBZ
29364	673	5	usually	usually	RB
29364	673	6	deposited	deposit	VBN
29364	673	7	here	here	RB
29364	673	8	in	in	IN
29364	673	9	care	care	NN
29364	673	10	of	of	IN
29364	673	11	a	a	DT
29364	673	12	banker	banker	NN
29364	673	13	or	or	CC
29364	673	14	trust	trust	NN
29364	673	15	company	company	NN
29364	673	16	.	.	.
29364	674	1	From	from	IN
29364	674	2	what	what	WP
29364	674	3	has	have	VBZ
29364	674	4	been	be	VBN
29364	674	5	said	say	VBN
29364	674	6	about	about	IN
29364	674	7	the	the	DT
29364	674	8	mechanism	mechanism	NN
29364	674	9	of	of	IN
29364	674	10	making	make	VBG
29364	674	11	these	these	DT
29364	674	12	foreign	foreign	JJ
29364	674	13	loans	loan	NNS
29364	674	14	,	,	,
29364	674	15	it	-PRON-	PRP
29364	674	16	is	be	VBZ
29364	674	17	evident	evident	JJ
29364	674	18	that	that	IN
29364	674	19	no	no	DT
29364	674	20	transfer	transfer	NN
29364	674	21	of	of	IN
29364	674	22	cash	cash	NN
29364	674	23	actually	actually	RB
29364	674	24	takes	take	VBZ
29364	674	25	place	place	NN
29364	674	26	,	,	,
29364	674	27	and	and	CC
29364	674	28	that	that	IN
29364	674	29	what	what	WP
29364	674	30	really	really	RB
29364	674	31	happens	happen	VBZ
29364	674	32	is	be	VBZ
29364	674	33	that	that	IN
29364	674	34	the	the	DT
29364	674	35	foreign	foreign	JJ
29364	674	36	banking	banking	NN
29364	674	37	institution	institution	NN
29364	674	38	lends	lend	VBZ
29364	674	39	out	out	RP
29364	674	40	its	-PRON-	PRP$
29364	674	41	credit	credit	NN
29364	674	42	instead	instead	RB
29364	674	43	of	of	IN
29364	674	44	its	-PRON-	PRP$
29364	674	45	cash	cash	NN
29364	674	46	.	.	.
29364	675	1	For	for	IN
29364	675	2	in	in	IN
29364	675	3	no	no	DT
29364	675	4	case	case	NN
29364	675	5	is	be	VBZ
29364	675	6	the	the	DT
29364	675	7	lender	lender	NN
29364	675	8	required	require	VBN
29364	675	9	to	to	TO
29364	675	10	put	put	VB
29364	675	11	up	up	RP
29364	675	12	any	any	DT
29364	675	13	money	money	NN
29364	675	14	.	.	.
29364	676	1	The	the	DT
29364	676	2	drafts	draft	NNS
29364	676	3	drawn	draw	VBN
29364	676	4	upon	upon	IN
29364	676	5	him	-PRON-	PRP
29364	676	6	are	be	VBP
29364	676	7	at	at	IN
29364	676	8	ninety	ninety	CD
29364	676	9	days	day	NNS
29364	676	10	'	'	POS
29364	676	11	sight	sight	NN
29364	676	12	,	,	,
29364	676	13	and	and	CC
29364	676	14	all	all	DT
29364	676	15	he	-PRON-	PRP
29364	676	16	has	have	VBZ
29364	676	17	to	to	TO
29364	676	18	do	do	VB
29364	676	19	is	be	VBZ
29364	676	20	to	to	TO
29364	676	21	write	write	VB
29364	676	22	the	the	DT
29364	676	23	word	word	NN
29364	676	24	"	"	``
29364	676	25	accepted	accept	VBN
29364	676	26	,	,	,
29364	676	27	"	"	''
29364	676	28	with	with	IN
29364	676	29	his	-PRON-	PRP$
29364	676	30	signature	signature	NN
29364	676	31	,	,	,
29364	676	32	across	across	IN
29364	676	33	their	-PRON-	PRP$
29364	676	34	face	face	NN
29364	676	35	.	.	.
29364	677	1	Later	later	RB
29364	677	2	they	-PRON-	PRP
29364	677	3	will	will	MD
29364	677	4	be	be	VB
29364	677	5	presented	present	VBN
29364	677	6	for	for	IN
29364	677	7	actual	actual	JJ
29364	677	8	payment	payment	NN
29364	677	9	,	,	,
29364	677	10	but	but	CC
29364	677	11	by	by	IN
29364	677	12	that	that	DT
29364	677	13	time	time	NN
29364	677	14	the	the	DT
29364	677	15	"	"	``
29364	677	16	cover	cover	NN
29364	677	17	"	"	''
29364	677	18	will	will	MD
29364	677	19	have	have	VB
29364	677	20	reached	reach	VBN
29364	677	21	London	London	NNP
29364	677	22	from	from	IN
29364	677	23	the	the	DT
29364	677	24	banker	banker	NN
29364	677	25	in	in	IN
29364	677	26	America	America	NNP
29364	677	27	who	who	WP
29364	677	28	drew	draw	VBD
29364	677	29	the	the	DT
29364	677	30	"	"	``
29364	677	31	nineties	ninety	NNS
29364	677	32	,	,	,
29364	677	33	"	"	''
29364	677	34	and	and	CC
29364	677	35	the	the	DT
29364	677	36	maturing	mature	VBG
29364	677	37	bills	bill	NNS
29364	677	38	will	will	MD
29364	677	39	be	be	VB
29364	677	40	paid	pay	VBN
29364	677	41	out	out	IN
29364	677	42	of	of	IN
29364	677	43	that	that	DT
29364	677	44	.	.	.
29364	678	1	The	the	DT
29364	678	2	foreign	foreign	JJ
29364	678	3	lender	lender	NN
29364	678	4	,	,	,
29364	678	5	in	in	IN
29364	678	6	other	other	JJ
29364	678	7	words	word	NNS
29364	678	8	,	,	,
29364	678	9	is	be	VBZ
29364	678	10	at	at	IN
29364	678	11	no	no	DT
29364	678	12	stage	stage	NN
29364	678	13	out	out	IN
29364	678	14	of	of	IN
29364	678	15	any	any	DT
29364	678	16	actual	actual	JJ
29364	678	17	capital	capital	NN
29364	678	18	,	,	,
29364	678	19	although	although	IN
29364	678	20	it	-PRON-	PRP
29364	678	21	is	be	VBZ
29364	678	22	true	true	JJ
29364	678	23	,	,	,
29364	678	24	of	of	IN
29364	678	25	course	course	NN
29364	678	26	,	,	,
29364	678	27	that	that	IN
29364	678	28	he	-PRON-	PRP
29364	678	29	has	have	VBZ
29364	678	30	obligated	obligate	VBN
29364	678	31	himself	-PRON-	PRP
29364	678	32	to	to	TO
29364	678	33	pay	pay	VB
29364	678	34	the	the	DT
29364	678	35	drafts	draft	NNS
29364	678	36	on	on	IN
29364	678	37	maturity	maturity	NN
29364	678	38	,	,	,
29364	678	39	by	by	IN
29364	678	40	"	"	``
29364	678	41	accepting	accept	VBG
29364	678	42	"	"	''
29364	678	43	them	-PRON-	PRP
29364	678	44	.	.	.
29364	679	1	Where	where	WRB
29364	679	2	,	,	,
29364	679	3	then	then	RB
29364	679	4	,	,	,
29364	679	5	is	be	VBZ
29364	679	6	the	the	DT
29364	679	7	limit	limit	NN
29364	679	8	of	of	IN
29364	679	9	what	what	WP
29364	679	10	the	the	DT
29364	679	11	foreign	foreign	JJ
29364	679	12	bankers	banker	NNS
29364	679	13	can	can	MD
29364	679	14	lend	lend	VB
29364	679	15	in	in	IN
29364	679	16	the	the	DT
29364	679	17	New	New	NNP
29364	679	18	York	York	NNP
29364	679	19	market	market	NN
29364	679	20	?	?	.
29364	680	1	On	on	IN
29364	680	2	one	one	CD
29364	680	3	consideration	consideration	NN
29364	680	4	only	only	RB
29364	680	5	does	do	VBZ
29364	680	6	that	that	DT
29364	680	7	depend	depend	VB
29364	680	8	--	--	:
29364	680	9	the	the	DT
29364	680	10	amount	amount	NN
29364	680	11	of	of	IN
29364	680	12	accepted	accept	VBN
29364	680	13	long	long	JJ
29364	680	14	bills	bill	NNS
29364	680	15	which	which	WDT
29364	680	16	the	the	DT
29364	680	17	London	London	NNP
29364	680	18	discount	discount	NN
29364	680	19	market	market	NN
29364	680	20	will	will	MD
29364	680	21	stand	stand	VB
29364	680	22	.	.	.
29364	681	1	For	for	IN
29364	681	2	all	all	PDT
29364	681	3	the	the	DT
29364	681	4	ninety	ninety	CD
29364	681	5	days	day	NNS
29364	681	6	'	'	POS
29364	681	7	sight	sight	NN
29364	681	8	bills	bill	NNS
29364	681	9	drawn	draw	VBN
29364	681	10	in	in	IN
29364	681	11	the	the	DT
29364	681	12	course	course	NN
29364	681	13	of	of	IN
29364	681	14	these	these	DT
29364	681	15	transfers	transfer	NNS
29364	681	16	of	of	IN
29364	681	17	credit	credit	NN
29364	681	18	must	must	MD
29364	681	19	eventually	eventually	RB
29364	681	20	be	be	VB
29364	681	21	discounted	discount	VBN
29364	681	22	in	in	IN
29364	681	23	the	the	DT
29364	681	24	London	London	NNP
29364	681	25	discount	discount	NN
29364	681	26	market	market	NN
29364	681	27	,	,	,
29364	681	28	and	and	CC
29364	681	29	when	when	WRB
29364	681	30	the	the	DT
29364	681	31	London	London	NNP
29364	681	32	discount	discount	NN
29364	681	33	market	market	NN
29364	681	34	refuses	refuse	VBZ
29364	681	35	to	to	TO
29364	681	36	absorb	absorb	VB
29364	681	37	bills	bill	NNS
29364	681	38	of	of	IN
29364	681	39	this	this	DT
29364	681	40	kind	kind	NN
29364	681	41	a	a	DT
29364	681	42	material	material	JJ
29364	681	43	check	check	NN
29364	681	44	is	be	VBZ
29364	681	45	naturally	naturally	RB
29364	681	46	administered	administer	VBN
29364	681	47	to	to	IN
29364	681	48	their	-PRON-	PRP$
29364	681	49	creation	creation	NN
29364	681	50	.	.	.
29364	682	1	Too	too	RB
29364	682	2	great	great	JJ
29364	682	3	drawings	drawing	NNS
29364	682	4	of	of	IN
29364	682	5	loan	loan	NN
29364	682	6	-	-	HYPH
29364	682	7	bills	bill	NNS
29364	682	8	,	,	,
29364	682	9	as	as	IN
29364	682	10	the	the	DT
29364	682	11	long	long	JJ
29364	682	12	bills	bill	NNS
29364	682	13	drawn	draw	VBN
29364	682	14	to	to	TO
29364	682	15	make	make	VB
29364	682	16	foreign	foreign	JJ
29364	682	17	loans	loan	NNS
29364	682	18	are	be	VBP
29364	682	19	called	call	VBN
29364	682	20	,	,	,
29364	682	21	are	be	VBP
29364	682	22	quickly	quickly	RB
29364	682	23	reflected	reflect	VBN
29364	682	24	in	in	IN
29364	682	25	a	a	DT
29364	682	26	squeamish	squeamish	JJ
29364	682	27	London	London	NNP
29364	682	28	discount	discount	NN
29364	682	29	market	market	NN
29364	682	30	.	.	.
29364	683	1	It	-PRON-	PRP
29364	683	2	needs	need	VBZ
29364	683	3	only	only	RB
29364	683	4	the	the	DT
29364	683	5	refusal	refusal	NN
29364	683	6	of	of	IN
29364	683	7	the	the	DT
29364	683	8	Bank	Bank	NNP
29364	683	9	of	of	IN
29364	683	10	England	England	NNP
29364	683	11	to	to	TO
29364	683	12	re	re	VB
29364	683	13	-	-	VB
29364	683	14	discount	discount	VB
29364	683	15	the	the	DT
29364	683	16	paper	paper	NN
29364	683	17	of	of	IN
29364	683	18	a	a	DT
29364	683	19	few	few	JJ
29364	683	20	London	London	NNP
29364	683	21	banks	bank	NNS
29364	683	22	suspected	suspect	VBN
29364	683	23	of	of	IN
29364	683	24	having	have	VBG
29364	683	25	"	"	``
29364	683	26	accepted	accept	VBN
29364	683	27	"	"	''
29364	683	28	too	too	RB
29364	683	29	great	great	JJ
29364	683	30	a	a	DT
29364	683	31	quantity	quantity	NN
29364	683	32	of	of	IN
29364	683	33	American	american	JJ
29364	683	34	loan	loan	NN
29364	683	35	-	-	HYPH
29364	683	36	bills	bill	NNS
29364	683	37	,	,	,
29364	683	38	to	to	TO
29364	683	39	make	make	VB
29364	683	40	it	-PRON-	PRP
29364	683	41	impossible	impossible	JJ
29364	683	42	to	to	TO
29364	683	43	go	go	VB
29364	683	44	on	on	RP
29364	683	45	loaning	loan	VBG
29364	683	46	profitably	profitably	RB
29364	683	47	in	in	IN
29364	683	48	the	the	DT
29364	683	49	New	New	NNP
29364	683	50	York	York	NNP
29364	683	51	market	market	NN
29364	683	52	.	.	.
29364	684	1	In	in	IN
29364	684	2	order	order	NN
29364	684	3	to	to	TO
29364	684	4	make	make	VB
29364	684	5	loans	loan	NNS
29364	684	6	,	,	,
29364	684	7	long	long	JJ
29364	684	8	bills	bill	NNS
29364	684	9	have	have	VBP
29364	684	10	to	to	TO
29364	684	11	be	be	VB
29364	684	12	drawn	draw	VBN
29364	684	13	and	and	CC
29364	684	14	sold	sell	VBN
29364	684	15	to	to	IN
29364	684	16	somebody	somebody	NN
29364	684	17	,	,	,
29364	684	18	and	and	CC
29364	684	19	if	if	IN
29364	684	20	the	the	DT
29364	684	21	discount	discount	NN
29364	684	22	market	market	NN
29364	684	23	in	in	IN
29364	684	24	London	London	NNP
29364	684	25	will	will	MD
29364	684	26	take	take	VB
29364	684	27	no	no	DT
29364	684	28	more	more	JJR
29364	684	29	American	american	JJ
29364	684	30	paper	paper	NN
29364	684	31	,	,	,
29364	684	32	buyers	buyer	NNS
29364	684	33	for	for	IN
29364	684	34	freshly	freshly	RB
29364	684	35	-	-	HYPH
29364	684	36	created	create	VBN
29364	684	37	American	american	JJ
29364	684	38	paper	paper	NN
29364	684	39	will	will	MD
29364	684	40	be	be	VB
29364	684	41	hard	hard	JJ
29364	684	42	to	to	TO
29364	684	43	find	find	VB
29364	684	44	.	.	.
29364	685	1	To	to	TO
29364	685	2	get	get	VB
29364	685	3	back	back	RB
29364	685	4	to	to	IN
29364	685	5	the	the	DT
29364	685	6	part	part	NN
29364	685	7	foreign	foreign	JJ
29364	685	8	loaning	loan	VBG
29364	685	9	operations	operation	NNS
29364	685	10	play	play	VBP
29364	685	11	in	in	IN
29364	685	12	the	the	DT
29364	685	13	foreign	foreign	JJ
29364	685	14	exchange	exchange	NN
29364	685	15	market	market	NN
29364	685	16	here	here	RB
29364	685	17	,	,	,
29364	685	18	it	-PRON-	PRP
29364	685	19	is	be	VBZ
29364	685	20	plain	plain	JJ
29364	685	21	that	that	IN
29364	685	22	as	as	IN
29364	685	23	no	no	DT
29364	685	24	actual	actual	JJ
29364	685	25	money	money	NN
29364	685	26	is	be	VBZ
29364	685	27	put	put	VBN
29364	685	28	up	up	RP
29364	685	29	,	,	,
29364	685	30	the	the	DT
29364	685	31	business	business	NN
29364	685	32	is	be	VBZ
29364	685	33	attractive	attractive	JJ
29364	685	34	and	and	CC
29364	685	35	profitable	profitable	JJ
29364	685	36	to	to	IN
29364	685	37	the	the	DT
29364	685	38	bank	bank	NN
29364	685	39	having	have	VBG
29364	685	40	the	the	DT
29364	685	41	requisite	requisite	JJ
29364	685	42	facilities	facility	NNS
29364	685	43	and	and	CC
29364	685	44	the	the	DT
29364	685	45	right	right	JJ
29364	685	46	foreign	foreign	JJ
29364	685	47	connection	connection	NN
29364	685	48	.	.	.
29364	686	1	It	-PRON-	PRP
29364	686	2	means	mean	VBZ
29364	686	3	the	the	DT
29364	686	4	putting	putting	NN
29364	686	5	of	of	IN
29364	686	6	the	the	DT
29364	686	7	bank	bank	NN
29364	686	8	's	's	POS
29364	686	9	name	name	NN
29364	686	10	on	on	IN
29364	686	11	a	a	DT
29364	686	12	good	good	JJ
29364	686	13	deal	deal	NN
29364	686	14	of	of	IN
29364	686	15	paper	paper	NN
29364	686	16	,	,	,
29364	686	17	it	-PRON-	PRP
29364	686	18	is	be	VBZ
29364	686	19	true	true	JJ
29364	686	20	,	,	,
29364	686	21	but	but	CC
29364	686	22	only	only	RB
29364	686	23	on	on	IN
29364	686	24	the	the	DT
29364	686	25	deposit	deposit	NN
29364	686	26	of	of	IN
29364	686	27	entirely	entirely	RB
29364	686	28	satisfactory	satisfactory	JJ
29364	686	29	collateral	collateral	NN
29364	686	30	and	and	CC
29364	686	31	only	only	RB
29364	686	32	in	in	IN
29364	686	33	connection	connection	NN
29364	686	34	with	with	IN
29364	686	35	the	the	DT
29364	686	36	assuming	assuming	NN
29364	686	37	of	of	IN
29364	686	38	the	the	DT
29364	686	39	same	same	JJ
29364	686	40	obligation	obligation	NN
29364	686	41	by	by	IN
29364	686	42	a	a	DT
29364	686	43	foreign	foreign	JJ
29364	686	44	institution	institution	NN
29364	686	45	of	of	IN
29364	686	46	high	high	JJ
29364	686	47	standing	standing	NN
29364	686	48	.	.	.
29364	687	1	There	there	EX
29364	687	2	are	be	VBP
29364	687	3	few	few	JJ
29364	687	4	instances	instance	NNS
29364	687	5	where	where	WRB
29364	687	6	loss	loss	NN
29364	687	7	in	in	IN
29364	687	8	transacting	transact	VBG
29364	687	9	this	this	DT
29364	687	10	form	form	NN
29364	687	11	of	of	IN
29364	687	12	business	business	NN
29364	687	13	has	have	VBZ
29364	687	14	been	be	VBN
29364	687	15	sustained	sustain	VBN
29364	687	16	,	,	,
29364	687	17	while	while	IN
29364	687	18	the	the	DT
29364	687	19	profits	profit	NNS
29364	687	20	derived	derive	VBN
29364	687	21	from	from	IN
29364	687	22	it	-PRON-	PRP
29364	687	23	are	be	VBP
29364	687	24	very	very	RB
29364	687	25	large	large	JJ
29364	687	26	.	.	.
29364	688	1	As	as	IN
29364	688	2	to	to	IN
29364	688	3	what	what	WP
29364	688	4	the	the	DT
29364	688	5	foreign	foreign	JJ
29364	688	6	department	department	NN
29364	688	7	of	of	IN
29364	688	8	an	an	DT
29364	688	9	American	american	JJ
29364	688	10	bank	bank	NN
29364	688	11	makes	make	VBZ
29364	688	12	out	out	IN
29364	688	13	of	of	IN
29364	688	14	the	the	DT
29364	688	15	business	business	NN
29364	688	16	,	,	,
29364	688	17	it	-PRON-	PRP
29364	688	18	may	may	MD
29364	688	19	be	be	VB
29364	688	20	said	say	VBN
29364	688	21	that	that	IN
29364	688	22	that	that	DT
29364	688	23	depends	depend	VBZ
29364	688	24	very	very	RB
29364	688	25	largely	largely	RB
29364	688	26	upon	upon	IN
29364	688	27	whether	whether	IN
29364	688	28	the	the	DT
29364	688	29	bank	bank	NN
29364	688	30	here	here	RB
29364	688	31	acts	act	VBZ
29364	688	32	merely	merely	RB
29364	688	33	as	as	IN
29364	688	34	a	a	DT
29364	688	35	lending	lending	NN
29364	688	36	agent	agent	NN
29364	688	37	or	or	CC
29364	688	38	whether	whether	IN
29364	688	39	the	the	DT
29364	688	40	operation	operation	NN
29364	688	41	is	be	VBZ
29364	688	42	for	for	IN
29364	688	43	"	"	``
29364	688	44	joint	joint	JJ
29364	688	45	account	account	NN
29364	688	46	,	,	,
29364	688	47	"	"	''
29364	688	48	both	both	CC
29364	688	49	as	as	IN
29364	688	50	to	to	TO
29364	688	51	risk	risk	NN
29364	688	52	and	and	CC
29364	688	53	commission	commission	NN
29364	688	54	.	.	.
29364	689	1	In	in	IN
29364	689	2	the	the	DT
29364	689	3	former	former	JJ
29364	689	4	case	case	NN
29364	689	5	(	(	-LRB-
29364	689	6	and	and	CC
29364	689	7	more	more	RBR
29364	689	8	and	and	CC
29364	689	9	more	more	RBR
29364	689	10	this	this	DT
29364	689	11	seems	seem	VBZ
29364	689	12	to	to	TO
29364	689	13	be	be	VB
29364	689	14	becoming	become	VBG
29364	689	15	the	the	DT
29364	689	16	basis	basis	NN
29364	689	17	on	on	IN
29364	689	18	which	which	WDT
29364	689	19	the	the	DT
29364	689	20	business	business	NN
29364	689	21	is	be	VBZ
29364	689	22	done	do	VBN
29364	689	23	)	)	-RRB-
29364	689	24	both	both	CC
29364	689	25	the	the	DT
29364	689	26	American	american	JJ
29364	689	27	and	and	CC
29364	689	28	the	the	DT
29364	689	29	European	european	JJ
29364	689	30	bank	bank	NN
29364	689	31	stands	stand	VBZ
29364	689	32	to	to	TO
29364	689	33	make	make	VB
29364	689	34	a	a	DT
29364	689	35	very	very	RB
29364	689	36	fair	fair	JJ
29364	689	37	return	return	NN
29364	689	38	--	--	:
29364	689	39	always	always	RB
29364	689	40	considering	consider	VBG
29364	689	41	that	that	IN
29364	689	42	neither	neither	DT
29364	689	43	is	be	VBZ
29364	689	44	called	call	VBN
29364	689	45	upon	upon	IN
29364	689	46	to	to	TO
29364	689	47	put	put	VB
29364	689	48	up	up	RP
29364	689	49	one	one	CD
29364	689	50	real	real	JJ
29364	689	51	dollar	dollar	NN
29364	689	52	or	or	CC
29364	689	53	pound	pound	NN
29364	689	54	sterling	sterling	NN
29364	689	55	.	.	.
29364	690	1	Take	take	VB
29364	690	2	,	,	,
29364	690	3	for	for	IN
29364	690	4	instance	instance	NN
29364	690	5	,	,	,
29364	690	6	the	the	DT
29364	690	7	average	average	JJ
29364	690	8	sterling	sterling	NN
29364	690	9	loan	loan	NN
29364	690	10	made	make	VBN
29364	690	11	on	on	IN
29364	690	12	the	the	DT
29364	690	13	basis	basis	NN
29364	690	14	of	of	IN
29364	690	15	the	the	DT
29364	690	16	borrower	borrower	NN
29364	690	17	taking	take	VBG
29364	690	18	all	all	PDT
29364	690	19	the	the	DT
29364	690	20	risk	risk	NN
29364	690	21	of	of	IN
29364	690	22	exchange	exchange	NN
29364	690	23	and	and	CC
29364	690	24	paying	pay	VBG
29364	690	25	a	a	DT
29364	690	26	flat	flat	JJ
29364	690	27	commission	commission	NN
29364	690	28	of	of	IN
29364	690	29	three	three	CD
29364	690	30	-	-	HYPH
29364	690	31	eighths	eighth	NNS
29364	690	32	of	of	IN
29364	690	33	one	one	CD
29364	690	34	per	per	IN
29364	690	35	cent	cent	NN
29364	690	36	.	.	.
29364	691	1	for	for	IN
29364	691	2	each	each	DT
29364	691	3	ninety	ninety	CD
29364	691	4	days	day	NNS
29364	691	5	.	.	.
29364	692	1	That	that	DT
29364	692	2	means	mean	VBZ
29364	692	3	that	that	IN
29364	692	4	each	each	DT
29364	692	5	bank	bank	NN
29364	692	6	makes	make	VBZ
29364	692	7	three	three	CD
29364	692	8	-	-	HYPH
29364	692	9	sixteenths	sixteenth	NNS
29364	692	10	of	of	IN
29364	692	11	one	one	CD
29364	692	12	per	per	IN
29364	692	13	cent	cent	NN
29364	692	14	.	.	.
29364	693	1	for	for	IN
29364	693	2	every	every	DT
29364	693	3	ninety	ninety	CD
29364	693	4	days	day	NNS
29364	693	5	the	the	DT
29364	693	6	loan	loan	NN
29364	693	7	runs	run	VBZ
29364	693	8	--	--	:
29364	693	9	the	the	DT
29364	693	10	American	american	JJ
29364	693	11	bank	bank	NN
29364	693	12	for	for	IN
29364	693	13	simply	simply	RB
29364	693	14	drawing	draw	VBG
29364	693	15	its	-PRON-	PRP$
29364	693	16	ninety	ninety	CD
29364	693	17	-	-	HYPH
29364	693	18	day	day	NN
29364	693	19	bills	bill	NNS
29364	693	20	of	of	IN
29364	693	21	exchange	exchange	NN
29364	693	22	and	and	CC
29364	693	23	the	the	DT
29364	693	24	English	english	JJ
29364	693	25	bank	bank	NN
29364	693	26	for	for	IN
29364	693	27	merely	merely	RB
29364	693	28	accepting	accept	VBG
29364	693	29	them	-PRON-	PRP
29364	693	30	.	.	.
29364	694	1	Naturally	naturally	RB
29364	694	2	,	,	,
29364	694	3	competition	competition	NN
29364	694	4	is	be	VBZ
29364	694	5	keen	keen	JJ
29364	694	6	,	,	,
29364	694	7	American	american	JJ
29364	694	8	banking	banking	NN
29364	694	9	houses	house	NNS
29364	694	10	vying	vie	VBG
29364	694	11	with	with	IN
29364	694	12	each	each	DT
29364	694	13	other	other	JJ
29364	694	14	both	both	DT
29364	694	15	for	for	IN
29364	694	16	the	the	DT
29364	694	17	privilege	privilege	NN
29364	694	18	of	of	IN
29364	694	19	acting	act	VBG
29364	694	20	as	as	IN
29364	694	21	agents	agent	NNS
29364	694	22	of	of	IN
29364	694	23	the	the	DT
29364	694	24	foreign	foreign	JJ
29364	694	25	banks	bank	NNS
29364	694	26	having	have	VBG
29364	694	27	money	money	NN
29364	694	28	to	to	TO
29364	694	29	lend	lend	VB
29364	694	30	,	,	,
29364	694	31	and	and	CC
29364	694	32	of	of	IN
29364	694	33	going	go	VBG
29364	694	34	into	into	IN
29364	694	35	joint	joint	JJ
29364	694	36	-	-	HYPH
29364	694	37	account	account	NN
29364	694	38	loaning	loan	VBG
29364	694	39	operations	operation	NNS
29364	694	40	with	with	IN
29364	694	41	them	-PRON-	PRP
29364	694	42	.	.	.
29364	695	1	Three	three	CD
29364	695	2	-	-	HYPH
29364	695	3	sixteenths	sixteenth	NNS
29364	695	4	or	or	CC
29364	695	5	perhaps	perhaps	RB
29364	695	6	one	one	CD
29364	695	7	-	-	HYPH
29364	695	8	quarter	quarter	NN
29364	695	9	of	of	IN
29364	695	10	one	one	CD
29364	695	11	per	per	IN
29364	695	12	cent	cent	NN
29364	695	13	.	.	.
29364	696	1	for	for	IN
29364	696	2	ninety	ninety	CD
29364	696	3	days	day	NNS
29364	696	4	(	(	-LRB-
29364	696	5	three	three	CD
29364	696	6	-	-	HYPH
29364	696	7	quarters	quarter	NNS
29364	696	8	of	of	IN
29364	696	9	one	one	CD
29364	696	10	per	per	IN
29364	696	11	cent	cent	NN
29364	696	12	.	.	.
29364	697	1	and	and	CC
29364	697	2	one	one	CD
29364	697	3	per	per	IN
29364	697	4	cent	cent	NN
29364	697	5	.	.	.
29364	698	1	annually	annually	RB
29364	698	2	)	)	-RRB-
29364	698	3	may	may	MD
29364	698	4	not	not	RB
29364	698	5	seem	seem	VB
29364	698	6	much	much	JJ
29364	698	7	of	of	IN
29364	698	8	an	an	DT
29364	698	9	inducement	inducement	NN
29364	698	10	,	,	,
29364	698	11	but	but	CC
29364	698	12	considering	consider	VBG
29364	698	13	the	the	DT
29364	698	14	fact	fact	NN
29364	698	15	that	that	IN
29364	698	16	no	no	DT
29364	698	17	real	real	JJ
29364	698	18	cash	cash	NN
29364	698	19	is	be	VBZ
29364	698	20	involved	involve	VBN
29364	698	21	,	,	,
29364	698	22	this	this	DT
29364	698	23	percentage	percentage	NN
29364	698	24	is	be	VBZ
29364	698	25	enough	enough	JJ
29364	698	26	to	to	TO
29364	698	27	make	make	VB
29364	698	28	the	the	DT
29364	698	29	biggest	big	JJS
29364	698	30	and	and	CC
29364	698	31	best	good	JJS
29364	698	32	banking	banking	NN
29364	698	33	houses	house	NNS
29364	698	34	in	in	IN
29364	698	35	the	the	DT
29364	698	36	country	country	NN
29364	698	37	go	go	VBP
29364	698	38	eagerly	eagerly	RB
29364	698	39	after	after	IN
29364	698	40	the	the	DT
29364	698	41	business	business	NN
29364	698	42	.	.	.
29364	699	1	5	5	CD
29364	699	2	.	.	.
29364	700	1	_	_	NNP
29364	700	2	The	the	DT
29364	700	3	Drawing	drawing	NN
29364	700	4	of	of	IN
29364	700	5	Finance	Finance	NNP
29364	700	6	-	-	HYPH
29364	700	7	Bills	Bills	NNP
29364	700	8	_	_	IN
29364	700	9	Approaching	approach	VBG
29364	700	10	the	the	DT
29364	700	11	subject	subject	NN
29364	700	12	of	of	IN
29364	700	13	finance	finance	NN
29364	700	14	-	-	HYPH
29364	700	15	bills	bill	NNS
29364	700	16	,	,	,
29364	700	17	the	the	DT
29364	700	18	author	author	NN
29364	700	19	is	be	VBZ
29364	700	20	well	well	RB
29364	700	21	aware	aware	JJ
29364	700	22	that	that	IN
29364	700	23	concerning	concern	VBG
29364	700	24	this	this	DT
29364	700	25	phase	phase	NN
29364	700	26	of	of	IN
29364	700	27	the	the	DT
29364	700	28	foreign	foreign	JJ
29364	700	29	exchange	exchange	NN
29364	700	30	business	business	NN
29364	700	31	there	there	EX
29364	700	32	is	be	VBZ
29364	700	33	wide	wide	JJ
29364	700	34	difference	difference	NN
29364	700	35	of	of	IN
29364	700	36	opinion	opinion	NN
29364	700	37	.	.	.
29364	701	1	Finance	finance	NN
29364	701	2	bills	bill	NNS
29364	701	3	make	make	VBP
29364	701	4	money	money	NN
29364	701	5	,	,	,
29364	701	6	but	but	CC
29364	701	7	they	-PRON-	PRP
29364	701	8	make	make	VBP
29364	701	9	trouble	trouble	NN
29364	701	10	,	,	,
29364	701	11	too	too	RB
29364	701	12	.	.	.
29364	702	1	Their	-PRON-	PRP$
29364	702	2	existence	existence	NN
29364	702	3	is	be	VBZ
29364	702	4	one	one	CD
29364	702	5	of	of	IN
29364	702	6	the	the	DT
29364	702	7	chief	chief	JJ
29364	702	8	points	point	NNS
29364	702	9	of	of	IN
29364	702	10	contact	contact	NN
29364	702	11	between	between	IN
29364	702	12	the	the	DT
29364	702	13	foreign	foreign	JJ
29364	702	14	exchange	exchange	NN
29364	702	15	and	and	CC
29364	702	16	the	the	DT
29364	702	17	other	other	JJ
29364	702	18	markets	market	NNS
29364	702	19	,	,	,
29364	702	20	and	and	CC
29364	702	21	one	one	CD
29364	702	22	of	of	IN
29364	702	23	the	the	DT
29364	702	24	principal	principal	JJ
29364	702	25	reasons	reason	NNS
29364	702	26	why	why	WRB
29364	702	27	a	a	DT
29364	702	28	knowledge	knowledge	NN
29364	702	29	of	of	IN
29364	702	30	foreign	foreign	JJ
29364	702	31	exchange	exchange	NN
29364	702	32	is	be	VBZ
29364	702	33	necessary	necessary	JJ
29364	702	34	to	to	IN
29364	702	35	any	any	DT
29364	702	36	well	well	RB
29364	702	37	-	-	HYPH
29364	702	38	rounded	rounded	JJ
29364	702	39	understanding	understanding	NN
29364	702	40	of	of	IN
29364	702	41	banking	banking	NN
29364	702	42	conditions	condition	NNS
29364	702	43	.	.	.
29364	703	1	Strictly	strictly	RB
29364	703	2	speaking	speak	VBG
29364	703	3	,	,	,
29364	703	4	a	a	DT
29364	703	5	finance	finance	NN
29364	703	6	-	-	HYPH
29364	703	7	bill	bill	NN
29364	703	8	is	be	VBZ
29364	703	9	a	a	DT
29364	703	10	long	long	JJ
29364	703	11	draft	draft	NN
29364	703	12	drawn	draw	VBN
29364	703	13	by	by	IN
29364	703	14	a	a	DT
29364	703	15	banker	banker	NN
29364	703	16	of	of	IN
29364	703	17	one	one	CD
29364	703	18	country	country	NN
29364	703	19	on	on	IN
29364	703	20	a	a	DT
29364	703	21	banker	banker	NN
29364	703	22	in	in	IN
29364	703	23	another	another	DT
29364	703	24	,	,	,
29364	703	25	sometimes	sometimes	RB
29364	703	26	secured	secure	VBN
29364	703	27	by	by	IN
29364	703	28	collateral	collateral	NN
29364	703	29	,	,	,
29364	703	30	but	but	CC
29364	703	31	more	more	RBR
29364	703	32	often	often	RB
29364	703	33	not	not	RB
29364	703	34	,	,	,
29364	703	35	and	and	CC
29364	703	36	issued	issue	VBN
29364	703	37	by	by	IN
29364	703	38	the	the	DT
29364	703	39	drawing	drawing	NN
29364	703	40	banker	banker	NN
29364	703	41	for	for	IN
29364	703	42	the	the	DT
29364	703	43	purpose	purpose	NN
29364	703	44	of	of	IN
29364	703	45	raising	raise	VBG
29364	703	46	money	money	NN
29364	703	47	.	.	.
29364	704	1	Such	such	JJ
29364	704	2	bills	bill	NNS
29364	704	3	are	be	VBP
29364	704	4	not	not	RB
29364	704	5	always	always	RB
29364	704	6	distinguishable	distinguishable	JJ
29364	704	7	from	from	IN
29364	704	8	the	the	DT
29364	704	9	bills	bill	NNS
29364	704	10	a	a	DT
29364	704	11	banker	banker	NN
29364	704	12	in	in	IN
29364	704	13	New	New	NNP
29364	704	14	York	York	NNP
29364	704	15	may	may	MD
29364	704	16	draw	draw	VB
29364	704	17	on	on	IN
29364	704	18	a	a	DT
29364	704	19	banker	banker	NN
29364	704	20	in	in	IN
29364	704	21	London	London	NNP
29364	704	22	in	in	IN
29364	704	23	the	the	DT
29364	704	24	operation	operation	NN
29364	704	25	of	of	IN
29364	704	26	lending	lend	VBG
29364	704	27	money	money	NN
29364	704	28	for	for	IN
29364	704	29	him	-PRON-	PRP
29364	704	30	,	,	,
29364	704	31	but	but	CC
29364	704	32	in	in	IN
29364	704	33	nature	nature	NN
29364	704	34	they	-PRON-	PRP
29364	704	35	are	be	VBP
29364	704	36	essentially	essentially	RB
29364	704	37	different	different	JJ
29364	704	38	.	.	.
29364	705	1	The	the	DT
29364	705	2	drawing	drawing	NN
29364	705	3	of	of	IN
29364	705	4	finance	finance	NN
29364	705	5	-	-	HYPH
29364	705	6	bills	bill	NNS
29364	705	7	was	be	VBD
29364	705	8	recently	recently	RB
29364	705	9	described	describe	VBN
29364	705	10	by	by	IN
29364	705	11	the	the	DT
29364	705	12	foreign	foreign	JJ
29364	705	13	exchange	exchange	NN
29364	705	14	manager	manager	NN
29364	705	15	of	of	IN
29364	705	16	one	one	CD
29364	705	17	of	of	IN
29364	705	18	the	the	DT
29364	705	19	biggest	big	JJS
29364	705	20	houses	house	NNS
29364	705	21	in	in	IN
29364	705	22	New	New	NNP
29364	705	23	York	York	NNP
29364	705	24	,	,	,
29364	705	25	during	during	IN
29364	705	26	the	the	DT
29364	705	27	course	course	NN
29364	705	28	of	of	IN
29364	705	29	a	a	DT
29364	705	30	public	public	JJ
29364	705	31	address	address	NN
29364	705	32	,	,	,
29364	705	33	as	as	IN
29364	705	34	a	a	DT
29364	705	35	"	"	``
29364	705	36	scheme	scheme	NN
29364	705	37	to	to	TO
29364	705	38	raise	raise	VB
29364	705	39	the	the	DT
29364	705	40	wind	wind	NN
29364	705	41	.	.	.
29364	705	42	"	"	''
29364	706	1	Whether	whether	IN
29364	706	2	or	or	CC
29364	706	3	not	not	RB
29364	706	4	any	any	DT
29364	706	5	collateral	collateral	NN
29364	706	6	is	be	VBZ
29364	706	7	put	put	VBN
29364	706	8	up	up	RP
29364	706	9	,	,	,
29364	706	10	the	the	DT
29364	706	11	whole	whole	JJ
29364	706	12	purpose	purpose	NN
29364	706	13	of	of	IN
29364	706	14	the	the	DT
29364	706	15	drawing	drawing	NN
29364	706	16	of	of	IN
29364	706	17	finance	finance	NN
29364	706	18	-	-	HYPH
29364	706	19	bills	bill	NNS
29364	706	20	is	be	VBZ
29364	706	21	to	to	TO
29364	706	22	provide	provide	VB
29364	706	23	an	an	DT
29364	706	24	easy	easy	JJ
29364	706	25	way	way	NN
29364	706	26	of	of	IN
29364	706	27	raising	raise	VBG
29364	706	28	money	money	NN
29364	706	29	without	without	IN
29364	706	30	the	the	DT
29364	706	31	banker	banker	NN
29364	706	32	here	here	RB
29364	706	33	having	have	VBG
29364	706	34	to	to	TO
29364	706	35	go	go	VB
29364	706	36	to	to	IN
29364	706	37	some	some	DT
29364	706	38	other	other	JJ
29364	706	39	bank	bank	NN
29364	706	40	to	to	TO
29364	706	41	do	do	VB
29364	706	42	it	-PRON-	PRP
29364	706	43	.	.	.
29364	707	1	The	the	DT
29364	707	2	origin	origin	NN
29364	707	3	of	of	IN
29364	707	4	the	the	DT
29364	707	5	ordinary	ordinary	JJ
29364	707	6	finance	finance	NN
29364	707	7	-	-	HYPH
29364	707	8	bill	bill	NN
29364	707	9	is	be	VBZ
29364	707	10	about	about	RB
29364	707	11	as	as	IN
29364	707	12	follows	follow	VBZ
29364	707	13	:	:	:
29364	707	14	A	a	DT
29364	707	15	bank	bank	NN
29364	707	16	here	here	RB
29364	707	17	in	in	IN
29364	707	18	New	New	NNP
29364	707	19	York	York	NNP
29364	707	20	carries	carry	VBZ
29364	707	21	a	a	DT
29364	707	22	good	good	JJ
29364	707	23	balance	balance	NN
29364	707	24	in	in	IN
29364	707	25	London	London	NNP
29364	707	26	and	and	CC
29364	707	27	works	work	VBZ
29364	707	28	a	a	DT
29364	707	29	substantial	substantial	JJ
29364	707	30	foreign	foreign	JJ
29364	707	31	exchange	exchange	NN
29364	707	32	business	business	NN
29364	707	33	in	in	IN
29364	707	34	connection	connection	NN
29364	707	35	with	with	IN
29364	707	36	the	the	DT
29364	707	37	London	London	NNP
29364	707	38	bank	bank	NN
29364	707	39	where	where	WRB
29364	707	40	this	this	DT
29364	707	41	balance	balance	NN
29364	707	42	is	be	VBZ
29364	707	43	carried	carry	VBN
29364	707	44	.	.	.
29364	708	1	A	a	DT
29364	708	2	time	time	NN
29364	708	3	comes	come	VBZ
29364	708	4	when	when	WRB
29364	708	5	the	the	DT
29364	708	6	New	New	NNP
29364	708	7	York	York	NNP
29364	708	8	banking	banking	NN
29364	708	9	house	house	NN
29364	708	10	could	could	MD
29364	708	11	advantageously	advantageously	RB
29364	708	12	use	use	VB
29364	708	13	more	more	JJR
29364	708	14	money	money	NN
29364	708	15	.	.	.
29364	709	1	Arrangements	arrangement	NNS
29364	709	2	are	be	VBP
29364	709	3	therefore	therefore	RB
29364	709	4	made	make	VBN
29364	709	5	with	with	IN
29364	709	6	the	the	DT
29364	709	7	London	London	NNP
29364	709	8	bank	bank	NN
29364	709	9	whereby	whereby	WRB
29364	709	10	the	the	DT
29364	709	11	London	London	NNP
29364	709	12	bank	bank	NN
29364	709	13	agrees	agree	VBZ
29364	709	14	to	to	TO
29364	709	15	"	"	``
29364	709	16	accept	accept	VB
29364	709	17	"	"	''
29364	709	18	a	a	DT
29364	709	19	certain	certain	JJ
29364	709	20	amount	amount	NN
29364	709	21	of	of	IN
29364	709	22	the	the	DT
29364	709	23	American	american	JJ
29364	709	24	banker	banker	NN
29364	709	25	's	's	POS
29364	709	26	long	long	JJ
29364	709	27	bills	bill	NNS
29364	709	28	,	,	,
29364	709	29	for	for	IN
29364	709	30	a	a	DT
29364	709	31	commission	commission	NN
29364	709	32	.	.	.
29364	710	1	In	in	IN
29364	710	2	the	the	DT
29364	710	3	course	course	NN
29364	710	4	of	of	IN
29364	710	5	his	-PRON-	PRP$
29364	710	6	regular	regular	JJ
29364	710	7	business	business	NN
29364	710	8	,	,	,
29364	710	9	then	then	RB
29364	710	10	,	,	,
29364	710	11	the	the	DT
29364	710	12	American	american	JJ
29364	710	13	banker	banker	NN
29364	710	14	simply	simply	RB
29364	710	15	draws	draw	VBZ
29364	710	16	that	that	IN
29364	710	17	many	many	JJ
29364	710	18	more	more	JJR
29364	710	19	pounds	pound	NNS
29364	710	20	sterling	sterling	NN
29364	710	21	in	in	IN
29364	710	22	long	long	JJ
29364	710	23	bills	bill	NNS
29364	710	24	,	,	,
29364	710	25	sells	sell	VBZ
29364	710	26	them	-PRON-	PRP
29364	710	27	,	,	,
29364	710	28	and	and	CC
29364	710	29	for	for	IN
29364	710	30	the	the	DT
29364	710	31	time	time	NN
29364	710	32	being	be	VBG
29364	710	33	has	have	VBZ
29364	710	34	the	the	DT
29364	710	35	use	use	NN
29364	710	36	of	of	IN
29364	710	37	the	the	DT
29364	710	38	money	money	NN
29364	710	39	.	.	.
29364	711	1	In	in	IN
29364	711	2	the	the	DT
29364	711	3	great	great	JJ
29364	711	4	majority	majority	NN
29364	711	5	of	of	IN
29364	711	6	cases	case	NNS
29364	711	7	no	no	DT
29364	711	8	extra	extra	JJ
29364	711	9	collateral	collateral	NN
29364	711	10	is	be	VBZ
29364	711	11	put	put	VBN
29364	711	12	up	up	RP
29364	711	13	,	,	,
29364	711	14	nor	nor	CC
29364	711	15	is	be	VBZ
29364	711	16	the	the	DT
29364	711	17	London	London	NNP
29364	711	18	bank	bank	NN
29364	711	19	especially	especially	RB
29364	711	20	secured	secure	VBN
29364	711	21	in	in	IN
29364	711	22	any	any	DT
29364	711	23	way	way	NN
29364	711	24	.	.	.
29364	712	1	The	the	DT
29364	712	2	American	american	JJ
29364	712	3	banker	banker	NN
29364	712	4	's	's	POS
29364	712	5	credit	credit	NN
29364	712	6	is	be	VBZ
29364	712	7	good	good	JJ
29364	712	8	enough	enough	RB
29364	712	9	to	to	TO
29364	712	10	make	make	VB
29364	712	11	the	the	DT
29364	712	12	English	english	JJ
29364	712	13	banker	banker	NN
29364	712	14	willing	willing	JJ
29364	712	15	,	,	,
29364	712	16	for	for	IN
29364	712	17	a	a	DT
29364	712	18	commission	commission	NN
29364	712	19	,	,	,
29364	712	20	to	to	TO
29364	712	21	"	"	``
29364	712	22	accept	accept	VB
29364	712	23	"	"	''
29364	712	24	his	-PRON-	PRP$
29364	712	25	drafts	draft	NNS
29364	712	26	and	and	CC
29364	712	27	obligate	obligate	VB
29364	712	28	himself	-PRON-	PRP
29364	712	29	that	that	IN
29364	712	30	the	the	DT
29364	712	31	drafts	draft	NNS
29364	712	32	will	will	MD
29364	712	33	be	be	VB
29364	712	34	paid	pay	VBN
29364	712	35	at	at	IN
29364	712	36	maturity	maturity	NN
29364	712	37	.	.	.
29364	713	1	Naturally	naturally	RB
29364	713	2	,	,	,
29364	713	3	a	a	DT
29364	713	4	house	house	NN
29364	713	5	has	have	VBZ
29364	713	6	to	to	TO
29364	713	7	be	be	VB
29364	713	8	in	in	IN
29364	713	9	good	good	JJ
29364	713	10	standing	standing	NN
29364	713	11	and	and	CC
29364	713	12	enjoy	enjoy	VB
29364	713	13	high	high	JJ
29364	713	14	credit	credit	NN
29364	713	15	not	not	RB
29364	713	16	only	only	RB
29364	713	17	here	here	RB
29364	713	18	but	but	CC
29364	713	19	on	on	IN
29364	713	20	the	the	DT
29364	713	21	other	other	JJ
29364	713	22	side	side	NN
29364	713	23	before	before	IN
29364	713	24	any	any	DT
29364	713	25	reputable	reputable	JJ
29364	713	26	London	London	NNP
29364	713	27	bank	bank	NN
29364	713	28	can	can	MD
29364	713	29	be	be	VB
29364	713	30	induced	induce	VBN
29364	713	31	to	to	TO
29364	713	32	"	"	``
29364	713	33	accept	accept	VB
29364	713	34	"	"	''
29364	713	35	its	-PRON-	PRP$
29364	713	36	finance	finance	NN
29364	713	37	paper	paper	NN
29364	713	38	.	.	.
29364	714	1	The	the	DT
29364	714	2	ability	ability	NN
29364	714	3	to	to	TO
29364	714	4	draw	draw	VB
29364	714	5	finance	finance	NN
29364	714	6	-	-	HYPH
29364	714	7	bills	bill	NNS
29364	714	8	of	of	IN
29364	714	9	this	this	DT
29364	714	10	kind	kind	NN
29364	714	11	often	often	RB
29364	714	12	puts	put	VBZ
29364	714	13	a	a	DT
29364	714	14	house	house	NN
29364	714	15	disposed	dispose	VBN
29364	714	16	to	to	TO
29364	714	17	take	take	VB
29364	714	18	chances	chance	NNS
29364	714	19	with	with	IN
29364	714	20	the	the	DT
29364	714	21	movement	movement	NN
29364	714	22	of	of	IN
29364	714	23	the	the	DT
29364	714	24	exchange	exchange	NN
29364	714	25	market	market	NN
29364	714	26	into	into	IN
29364	714	27	line	line	NN
29364	714	28	for	for	IN
29364	714	29	very	very	RB
29364	714	30	considerable	considerable	JJ
29364	714	31	profit	profit	NN
29364	714	32	possibilities	possibility	NNS
29364	714	33	.	.	.
29364	715	1	Suppose	suppose	VB
29364	715	2	,	,	,
29364	715	3	for	for	IN
29364	715	4	instance	instance	NN
29364	715	5	,	,	,
29364	715	6	that	that	IN
29364	715	7	the	the	DT
29364	715	8	manager	manager	NN
29364	715	9	of	of	IN
29364	715	10	a	a	DT
29364	715	11	house	house	NN
29364	715	12	here	here	RB
29364	715	13	figures	figure	VBZ
29364	715	14	that	that	IN
29364	715	15	there	there	EX
29364	715	16	is	be	VBZ
29364	715	17	going	go	VBG
29364	715	18	to	to	TO
29364	715	19	be	be	VB
29364	715	20	a	a	DT
29364	715	21	sharp	sharp	JJ
29364	715	22	break	break	NN
29364	715	23	in	in	IN
29364	715	24	foreign	foreign	JJ
29364	715	25	exchange	exchange	NN
29364	715	26	.	.	.
29364	716	1	He	-PRON-	PRP
29364	716	2	,	,	,
29364	716	3	therefore	therefore	RB
29364	716	4	,	,	,
29364	716	5	sells	sell	VBZ
29364	716	6	a	a	DT
29364	716	7	line	line	NN
29364	716	8	of	of	IN
29364	716	9	ninety	ninety	CD
29364	716	10	-	-	HYPH
29364	716	11	day	day	NN
29364	716	12	bills	bill	NNS
29364	716	13	,	,	,
29364	716	14	putting	put	VBG
29364	716	15	himself	-PRON-	PRP
29364	716	16	technically	technically	RB
29364	716	17	short	short	JJ
29364	716	18	of	of	IN
29364	716	19	the	the	DT
29364	716	20	exchange	exchange	NN
29364	716	21	market	market	NN
29364	716	22	and	and	CC
29364	716	23	banking	banking	NN
29364	716	24	on	on	IN
29364	716	25	the	the	DT
29364	716	26	chance	chance	NN
29364	716	27	of	of	IN
29364	716	28	being	be	VBG
29364	716	29	able	able	JJ
29364	716	30	to	to	TO
29364	716	31	buy	buy	VB
29364	716	32	in	in	RP
29364	716	33	his	-PRON-	PRP$
29364	716	34	"	"	``
29364	716	35	cover	cover	NN
29364	716	36	"	"	''
29364	716	37	cheaply	cheaply	RB
29364	716	38	when	when	WRB
29364	716	39	it	-PRON-	PRP
29364	716	40	comes	come	VBZ
29364	716	41	time	time	NN
29364	716	42	for	for	IN
29364	716	43	him	-PRON-	PRP
29364	716	44	to	to	TO
29364	716	45	cover	cover	VB
29364	716	46	.	.	.
29364	717	1	In	in	IN
29364	717	2	the	the	DT
29364	717	3	meantime	meantime	NN
29364	717	4	he	-PRON-	PRP
29364	717	5	has	have	VBZ
29364	717	6	the	the	DT
29364	717	7	use	use	NN
29364	717	8	of	of	IN
29364	717	9	the	the	DT
29364	717	10	money	money	NN
29364	717	11	he	-PRON-	PRP
29364	717	12	derived	derive	VBD
29364	717	13	from	from	IN
29364	717	14	the	the	DT
29364	717	15	sale	sale	NN
29364	717	16	of	of	IN
29364	717	17	the	the	DT
29364	717	18	"	"	``
29364	717	19	nineties	ninety	NNS
29364	717	20	"	"	''
29364	717	21	to	to	TO
29364	717	22	do	do	VB
29364	717	23	with	with	IN
29364	717	24	as	as	IN
29364	717	25	he	-PRON-	PRP
29364	717	26	pleases	please	VBZ
29364	717	27	,	,	,
29364	717	28	and	and	CC
29364	717	29	if	if	IN
29364	717	30	he	-PRON-	PRP
29364	717	31	has	have	VBZ
29364	717	32	figured	figure	VBN
29364	717	33	the	the	DT
29364	717	34	market	market	NN
29364	717	35	aright	aright	NN
29364	717	36	,	,	,
29364	717	37	it	-PRON-	PRP
29364	717	38	may	may	MD
29364	717	39	not	not	RB
29364	717	40	cost	cost	VB
29364	717	41	him	-PRON-	PRP
29364	717	42	any	any	DT
29364	717	43	more	more	RBR
29364	717	44	per	per	IN
29364	717	45	pound	pound	NN
29364	717	46	to	to	TO
29364	717	47	buy	buy	VB
29364	717	48	his	-PRON-	PRP$
29364	717	49	"	"	``
29364	717	50	cover	cover	NN
29364	717	51	"	"	''
29364	717	52	than	than	IN
29364	717	53	he	-PRON-	PRP
29364	717	54	realized	realize	VBD
29364	717	55	from	from	IN
29364	717	56	the	the	DT
29364	717	57	sale	sale	NN
29364	717	58	of	of	IN
29364	717	59	the	the	DT
29364	717	60	long	long	JJ
29364	717	61	bills	bill	NNS
29364	717	62	.	.	.
29364	718	1	In	in	IN
29364	718	2	which	which	WDT
29364	718	3	case	case	NN
29364	718	4	he	-PRON-	PRP
29364	718	5	would	would	MD
29364	718	6	have	have	VB
29364	718	7	had	have	VBN
29364	718	8	the	the	DT
29364	718	9	use	use	NN
29364	718	10	of	of	IN
29364	718	11	the	the	DT
29364	718	12	money	money	NN
29364	718	13	for	for	IN
29364	718	14	the	the	DT
29364	718	15	whole	whole	JJ
29364	718	16	three	three	CD
29364	718	17	months	month	NNS
29364	718	18	practically	practically	RB
29364	718	19	free	free	JJ
29364	718	20	of	of	IN
29364	718	21	interest	interest	NN
29364	718	22	.	.	.
29364	719	1	It	-PRON-	PRP
29364	719	2	is	be	VBZ
29364	719	3	plain	plain	JJ
29364	719	4	speculating	speculating	NN
29364	719	5	in	in	IN
29364	719	6	exchange	exchange	NN
29364	719	7	--	--	:
29364	719	8	there	there	EX
29364	719	9	is	be	VBZ
29364	719	10	no	no	DT
29364	719	11	getting	get	VBG
29364	719	12	away	away	RB
29364	719	13	from	from	IN
29364	719	14	it	-PRON-	PRP
29364	719	15	,	,	,
29364	719	16	and	and	CC
29364	719	17	yet	yet	RB
29364	719	18	this	this	DT
29364	719	19	practice	practice	NN
29364	719	20	of	of	IN
29364	719	21	selling	sell	VBG
29364	719	22	finance	finance	NN
29364	719	23	-	-	HYPH
29364	719	24	bills	bill	NNS
29364	719	25	gives	give	VBZ
29364	719	26	such	such	PDT
29364	719	27	an	an	DT
29364	719	28	opportunity	opportunity	NN
29364	719	29	to	to	IN
29364	719	30	the	the	DT
29364	719	31	exchange	exchange	NN
29364	719	32	manager	manager	NN
29364	719	33	shrewd	shrewd	VBZ
29364	719	34	enough	enough	RB
29364	719	35	to	to	TO
29364	719	36	read	read	VB
29364	719	37	the	the	DT
29364	719	38	situation	situation	NN
29364	719	39	aright	aright	JJ
29364	719	40	to	to	TO
29364	719	41	make	make	VB
29364	719	42	money	money	NN
29364	719	43	,	,	,
29364	719	44	that	that	IN
29364	719	45	many	many	JJ
29364	719	46	of	of	IN
29364	719	47	the	the	DT
29364	719	48	big	big	JJ
29364	719	49	houses	house	NNS
29364	719	50	go	go	VBP
29364	719	51	in	in	RB
29364	719	52	for	for	IN
29364	719	53	it	-PRON-	PRP
29364	719	54	to	to	IN
29364	719	55	a	a	DT
29364	719	56	large	large	JJ
29364	719	57	extent	extent	NN
29364	719	58	.	.	.
29364	720	1	During	during	IN
29364	720	2	the	the	DT
29364	720	3	summer	summer	NN
29364	720	4	,	,	,
29364	720	5	for	for	IN
29364	720	6	instance	instance	NN
29364	720	7	,	,	,
29364	720	8	if	if	IN
29364	720	9	the	the	DT
29364	720	10	outlook	outlook	NN
29364	720	11	is	be	VBZ
29364	720	12	for	for	IN
29364	720	13	big	big	JJ
29364	720	14	crops	crop	NNS
29364	720	15	,	,	,
29364	720	16	the	the	DT
29364	720	17	situation	situation	NN
29364	720	18	is	be	VBZ
29364	720	19	apt	apt	JJ
29364	720	20	to	to	TO
29364	720	21	commend	commend	VB
29364	720	22	itself	-PRON-	PRP
29364	720	23	to	to	IN
29364	720	24	this	this	DT
29364	720	25	kind	kind	NN
29364	720	26	of	of	IN
29364	720	27	operation	operation	NN
29364	720	28	.	.	.
29364	721	1	Money	money	NN
29364	721	2	in	in	IN
29364	721	3	the	the	DT
29364	721	4	summer	summer	NN
29364	721	5	months	month	NNS
29364	721	6	is	be	VBZ
29364	721	7	apt	apt	JJ
29364	721	8	to	to	TO
29364	721	9	be	be	VB
29364	721	10	low	low	JJ
29364	721	11	and	and	CC
29364	721	12	exchange	exchange	NN
29364	721	13	high	high	JJ
29364	721	14	,	,	,
29364	721	15	affording	afford	VBG
29364	721	16	a	a	DT
29364	721	17	good	good	JJ
29364	721	18	basis	basis	NN
29364	721	19	on	on	IN
29364	721	20	which	which	WDT
29364	721	21	to	to	TO
29364	721	22	sell	sell	VB
29364	721	23	exchange	exchange	NN
29364	721	24	.	.	.
29364	722	1	Then	then	RB
29364	722	2	,	,	,
29364	722	3	if	if	IN
29364	722	4	the	the	DT
29364	722	5	expected	expect	VBN
29364	722	6	crops	crop	NNS
29364	722	7	materialize	materialize	VBP
29364	722	8	,	,	,
29364	722	9	large	large	JJ
29364	722	10	amounts	amount	NNS
29364	722	11	of	of	IN
29364	722	12	exchange	exchange	NN
29364	722	13	drawn	draw	VBN
29364	722	14	against	against	IN
29364	722	15	exports	export	NNS
29364	722	16	will	will	MD
29364	722	17	come	come	VB
29364	722	18	into	into	IN
29364	722	19	the	the	DT
29364	722	20	market	market	NN
29364	722	21	,	,	,
29364	722	22	forcing	force	VBG
29364	722	23	down	down	RP
29364	722	24	rates	rate	NNS
29364	722	25	and	and	CC
29364	722	26	giving	give	VBG
29364	722	27	the	the	DT
29364	722	28	operator	operator	NN
29364	722	29	who	who	WP
29364	722	30	has	have	VBZ
29364	722	31	previously	previously	RB
29364	722	32	sold	sell	VBN
29364	722	33	his	-PRON-	PRP$
29364	722	34	long	long	JJ
29364	722	35	bills	bill	NNS
29364	722	36	an	an	DT
29364	722	37	excellent	excellent	JJ
29364	722	38	chance	chance	NN
29364	722	39	to	to	TO
29364	722	40	cover	cover	VB
29364	722	41	them	-PRON-	PRP
29364	722	42	profitably	profitably	RB
29364	722	43	as	as	IN
29364	722	44	they	-PRON-	PRP
29364	722	45	come	come	VBP
29364	722	46	due	due	RB
29364	722	47	.	.	.
29364	723	1	About	about	IN
29364	723	2	the	the	DT
29364	723	3	best	good	JJS
29364	723	4	example	example	NN
29364	723	5	of	of	IN
29364	723	6	how	how	WRB
29364	723	7	exchange	exchange	NN
29364	723	8	managers	manager	NNS
29364	723	9	can	can	MD
29364	723	10	be	be	VB
29364	723	11	deceived	deceive	VBN
29364	723	12	in	in	IN
29364	723	13	their	-PRON-	PRP$
29364	723	14	forecasts	forecast	NNS
29364	723	15	is	be	VBZ
29364	723	16	afforded	afford	VBN
29364	723	17	by	by	IN
29364	723	18	the	the	DT
29364	723	19	movement	movement	NN
29364	723	20	of	of	IN
29364	723	21	exchange	exchange	NNP
29364	723	22	during	during	IN
29364	723	23	the	the	DT
29364	723	24	summer	summer	NN
29364	723	25	and	and	CC
29364	723	26	fall	fall	NN
29364	723	27	of	of	IN
29364	723	28	1909	1909	CD
29364	723	29	.	.	.
29364	724	1	Impelled	impel	VBN
29364	724	2	thereto	thereto	NNP
29364	724	3	by	by	IN
29364	724	4	the	the	DT
29364	724	5	brilliant	brilliant	JJ
29364	724	6	crop	crop	NN
29364	724	7	prospects	prospect	NNS
29364	724	8	of	of	IN
29364	724	9	early	early	JJ
29364	724	10	summer	summer	NN
29364	724	11	,	,	,
29364	724	12	foreign	foreign	JJ
29364	724	13	exchange	exchange	NN
29364	724	14	houses	house	NNS
29364	724	15	in	in	IN
29364	724	16	New	New	NNP
29364	724	17	York	York	NNP
29364	724	18	drew	draw	VBD
29364	724	19	and	and	CC
29364	724	20	sold	sell	VBD
29364	724	21	finance	finance	NN
29364	724	22	-	-	HYPH
29364	724	23	bills	bill	NNS
29364	724	24	in	in	IN
29364	724	25	enormous	enormous	JJ
29364	724	26	volume	volume	NN
29364	724	27	.	.	.
29364	725	1	The	the	DT
29364	725	2	corn	corn	NN
29364	725	3	crop	crop	NN
29364	725	4	was	be	VBD
29364	725	5	to	to	TO
29364	725	6	run	run	VB
29364	725	7	over	over	IN
29364	725	8	three	three	CD
29364	725	9	billion	billion	CD
29364	725	10	bushels	bushel	NNS
29364	725	11	,	,	,
29364	725	12	affording	afford	VBG
29364	725	13	an	an	DT
29364	725	14	unprecedented	unprecedented	JJ
29364	725	15	exportable	exportable	JJ
29364	725	16	surplus	surplus	NN
29364	725	17	--	--	:
29364	725	18	wheat	wheat	NN
29364	725	19	and	and	CC
29364	725	20	cotton	cotton	NN
29364	725	21	were	be	VBD
29364	725	22	both	both	DT
29364	725	23	to	to	TO
29364	725	24	show	show	VB
29364	725	25	record	record	NN
29364	725	26	-	-	HYPH
29364	725	27	breaking	break	VBG
29364	725	28	yields	yield	NNS
29364	725	29	.	.	.
29364	726	1	But	but	CC
29364	726	2	instead	instead	RB
29364	726	3	of	of	IN
29364	726	4	these	these	DT
29364	726	5	promises	promise	NNS
29364	726	6	being	be	VBG
29364	726	7	fulfilled	fulfil	VBN
29364	726	8	,	,	,
29364	726	9	wheat	wheat	NN
29364	726	10	and	and	CC
29364	726	11	corn	corn	NN
29364	726	12	showed	show	VBD
29364	726	13	only	only	RB
29364	726	14	average	average	JJ
29364	726	15	yields	yield	NNS
29364	726	16	,	,	,
29364	726	17	while	while	IN
29364	726	18	the	the	DT
29364	726	19	cotton	cotton	NN
29364	726	20	crop	crop	NN
29364	726	21	turned	turn	VBD
29364	726	22	out	out	RP
29364	726	23	decidedly	decidedly	RB
29364	726	24	short	short	JJ
29364	726	25	.	.	.
29364	727	1	The	the	DT
29364	727	2	expected	expected	JJ
29364	727	3	flood	flood	NN
29364	727	4	of	of	IN
29364	727	5	exchange	exchange	NN
29364	727	6	never	never	RB
29364	727	7	materialized	materialize	VBD
29364	727	8	.	.	.
29364	728	1	On	on	IN
29364	728	2	the	the	DT
29364	728	3	contrary	contrary	NN
29364	728	4	,	,	,
29364	728	5	rise	rise	NN
29364	728	6	in	in	IN
29364	728	7	money	money	NN
29364	728	8	rates	rate	NNS
29364	728	9	abroad	abroad	RB
29364	728	10	caused	cause	VBD
29364	728	11	such	such	PDT
29364	728	12	a	a	DT
29364	728	13	paying	pay	VBG
29364	728	14	off	off	IN
29364	728	15	of	of	IN
29364	728	16	foreign	foreign	JJ
29364	728	17	loans	loan	NNS
29364	728	18	and	and	CC
29364	728	19	maturing	mature	VBG
29364	728	20	finance	finance	NN
29364	728	21	bills	bill	NNS
29364	728	22	that	that	IN
29364	728	23	foreign	foreign	JJ
29364	728	24	exchange	exchange	NN
29364	728	25	rose	rise	VBD
29364	728	26	to	to	IN
29364	728	27	the	the	DT
29364	728	28	gold	gold	NN
29364	728	29	export	export	NN
29364	728	30	point	point	NN
29364	728	31	and	and	CC
29364	728	32	"	"	``
29364	728	33	covering	cover	VBG
29364	728	34	"	"	''
29364	728	35	operations	operation	NNS
29364	728	36	were	be	VBD
29364	728	37	conducted	conduct	VBN
29364	728	38	with	with	IN
29364	728	39	extreme	extreme	JJ
29364	728	40	difficulty	difficulty	NN
29364	728	41	.	.	.
29364	729	1	In	in	IN
29364	729	2	the	the	DT
29364	729	3	foreign	foreign	JJ
29364	729	4	exchange	exchange	NN
29364	729	5	market	market	NN
29364	729	6	the	the	DT
29364	729	7	autumn	autumn	NN
29364	729	8	of	of	IN
29364	729	9	1909	1909	CD
29364	729	10	will	will	MD
29364	729	11	long	long	RB
29364	729	12	be	be	VB
29364	729	13	remembered	remember	VBN
29364	729	14	as	as	IN
29364	729	15	a	a	DT
29364	729	16	time	time	NN
29364	729	17	when	when	WRB
29364	729	18	the	the	DT
29364	729	19	finance	finance	NN
29364	729	20	-	-	HYPH
29364	729	21	bill	bill	NN
29364	729	22	sellers	seller	NNS
29364	729	23	had	have	VBD
29364	729	24	administered	administer	VBN
29364	729	25	to	to	IN
29364	729	26	them	-PRON-	PRP
29364	729	27	a	a	DT
29364	729	28	lesson	lesson	NN
29364	729	29	which	which	WDT
29364	729	30	they	-PRON-	PRP
29364	729	31	will	will	MD
29364	729	32	be	be	VB
29364	729	33	a	a	DT
29364	729	34	good	good	JJ
29364	729	35	while	while	NN
29364	729	36	in	in	IN
29364	729	37	forgetting	forget	VBG
29364	729	38	.	.	.
29364	730	1	6	6	CD
29364	730	2	.	.	.
29364	731	1	_	_	NNP
29364	731	2	Arbitraging	Arbitraging	NNP
29364	731	3	in	in	IN
29364	731	4	Exchange	Exchange	NNP
29364	731	5	_	_	NNP
29364	731	6	Arbitraging	Arbitraging	NNP
29364	731	7	in	in	IN
29364	731	8	exchange	exchange	NN
29364	731	9	--	--	:
29364	731	10	the	the	DT
29364	731	11	buying	buying	NN
29364	731	12	by	by	IN
29364	731	13	a	a	DT
29364	731	14	New	New	NNP
29364	731	15	York	York	NNP
29364	731	16	banker	banker	NN
29364	731	17	,	,	,
29364	731	18	for	for	IN
29364	731	19	instance	instance	NN
29364	731	20	,	,	,
29364	731	21	through	through	IN
29364	731	22	the	the	DT
29364	731	23	medium	medium	NN
29364	731	24	of	of	IN
29364	731	25	the	the	DT
29364	731	26	London	London	NNP
29364	731	27	market	market	NN
29364	731	28	,	,	,
29364	731	29	of	of	IN
29364	731	30	exchange	exchange	NN
29364	731	31	drawn	draw	VBN
29364	731	32	on	on	IN
29364	731	33	Paris	Paris	NNP
29364	731	34	,	,	,
29364	731	35	is	be	VBZ
29364	731	36	another	another	DT
29364	731	37	broad	broad	JJ
29364	731	38	and	and	CC
29364	731	39	profitable	profitable	JJ
29364	731	40	field	field	NN
29364	731	41	for	for	IN
29364	731	42	the	the	DT
29364	731	43	operations	operation	NNS
29364	731	44	of	of	IN
29364	731	45	the	the	DT
29364	731	46	expert	expert	NNP
29364	731	47	foreign	foreign	JJ
29364	731	48	exchange	exchange	NN
29364	731	49	manager	manager	NN
29364	731	50	.	.	.
29364	732	1	Take	take	VB
29364	732	2	,	,	,
29364	732	3	for	for	IN
29364	732	4	example	example	NN
29364	732	5	,	,	,
29364	732	6	a	a	DT
29364	732	7	time	time	NN
29364	732	8	when	when	WRB
29364	732	9	exchange	exchange	NN
29364	732	10	on	on	IN
29364	732	11	Paris	Paris	NNP
29364	732	12	is	be	VBZ
29364	732	13	more	more	RBR
29364	732	14	plentiful	plentiful	JJ
29364	732	15	in	in	IN
29364	732	16	London	London	NNP
29364	732	17	than	than	IN
29364	732	18	in	in	IN
29364	732	19	New	New	NNP
29364	732	20	York	York	NNP
29364	732	21	--	--	:
29364	732	22	a	a	DT
29364	732	23	shrewd	shrewd	JJ
29364	732	24	New	New	NNP
29364	732	25	York	York	NNP
29364	732	26	exchange	exchange	NN
29364	732	27	manager	manager	NN
29364	732	28	needing	need	VBG
29364	732	29	a	a	DT
29364	732	30	draft	draft	NN
29364	732	31	on	on	IN
29364	732	32	Paris	Paris	NNP
29364	732	33	might	may	MD
29364	732	34	well	well	RB
29364	732	35	secure	secure	VB
29364	732	36	it	-PRON-	PRP
29364	732	37	in	in	IN
29364	732	38	London	London	NNP
29364	732	39	rather	rather	RB
29364	732	40	than	than	IN
29364	732	41	in	in	IN
29364	732	42	his	-PRON-	PRP$
29364	732	43	home	home	NN
29364	732	44	city	city	NN
29364	732	45	.	.	.
29364	733	1	The	the	DT
29364	733	2	following	following	JJ
29364	733	3	operation	operation	NN
29364	733	4	is	be	VBZ
29364	733	5	only	only	RB
29364	733	6	one	one	CD
29364	733	7	of	of	IN
29364	733	8	ten	ten	CD
29364	733	9	thousand	thousand	CD
29364	733	10	in	in	IN
29364	733	11	which	which	WDT
29364	733	12	exchange	exchange	NN
29364	733	13	men	man	NNS
29364	733	14	are	be	VBP
29364	733	15	continually	continually	RB
29364	733	16	engaged	engage	VBN
29364	733	17	,	,	,
29364	733	18	but	but	CC
29364	733	19	is	be	VBZ
29364	733	20	a	a	DT
29364	733	21	representative	representative	JJ
29364	733	22	transaction	transaction	NN
29364	733	23	and	and	CC
29364	733	24	one	one	CD
29364	733	25	on	on	IN
29364	733	26	which	which	WDT
29364	733	27	a	a	DT
29364	733	28	good	good	JJ
29364	733	29	deal	deal	NN
29364	733	30	of	of	IN
29364	733	31	the	the	DT
29364	733	32	business	business	NN
29364	733	33	in	in	IN
29364	733	34	the	the	DT
29364	733	35	arbitration	arbitration	NN
29364	733	36	of	of	IN
29364	733	37	exchange	exchange	NNP
29364	733	38	is	be	VBZ
29364	733	39	based	base	VBN
29364	733	40	.	.	.
29364	734	1	Suppose	suppose	VB
29364	734	2	,	,	,
29364	734	3	for	for	IN
29364	734	4	instance	instance	NN
29364	734	5	,	,	,
29364	734	6	that	that	IN
29364	734	7	in	in	IN
29364	734	8	New	New	NNP
29364	734	9	York	York	NNP
29364	734	10	,	,	,
29364	734	11	demand	demand	NN
29364	734	12	exchange	exchange	NN
29364	734	13	on	on	IN
29364	734	14	Paris	Paris	NNP
29364	734	15	is	be	VBZ
29364	734	16	quoted	quote	VBN
29364	734	17	at	at	IN
29364	734	18	five	five	CD
29364	734	19	francs	franc	NNS
29364	734	20	seventeen	seventeen	CD
29364	734	21	and	and	CC
29364	734	22	one	one	CD
29364	734	23	-	-	HYPH
29364	734	24	half	half	NN
29364	734	25	centimes	centime	NNS
29364	734	26	per	per	IN
29364	734	27	dollar	dollar	NN
29364	734	28	,	,	,
29364	734	29	demand	demand	NN
29364	734	30	exchange	exchange	NN
29364	734	31	on	on	IN
29364	734	32	London	London	NNP
29364	734	33	at	at	IN
29364	734	34	$	$	$
29364	734	35	4.84	4.84	CD
29364	734	36	per	per	IN
29364	734	37	pound	pound	NN
29364	734	38	,	,	,
29364	734	39	and	and	CC
29364	734	40	that	that	IN
29364	734	41	,	,	,
29364	734	42	_	_	NNP
29364	734	43	in	in	IN
29364	734	44	London	London	NNP
29364	734	45	_	_	NNP
29364	734	46	,	,	,
29364	734	47	exchange	exchange	NN
29364	734	48	on	on	IN
29364	734	49	Paris	Paris	NNP
29364	734	50	is	be	VBZ
29364	734	51	obtainable	obtainable	JJ
29364	734	52	at	at	IN
29364	734	53	twenty	twenty	CD
29364	734	54	-	-	HYPH
29364	734	55	five	five	CD
29364	734	56	francs	franc	NNS
29364	734	57	twenty	twenty	CD
29364	734	58	-	-	HYPH
29364	734	59	five	five	CD
29364	734	60	centimes	centime	NNS
29364	734	61	per	per	IN
29364	734	62	pound	pound	NN
29364	734	63	.	.	.
29364	735	1	The	the	DT
29364	735	2	following	following	JJ
29364	735	3	operation	operation	NN
29364	735	4	would	would	MD
29364	735	5	be	be	VB
29364	735	6	possible	possible	JJ
29364	735	7	:	:	:
29364	735	8	Sale	sale	NN
29364	735	9	by	by	IN
29364	735	10	a	a	DT
29364	735	11	New	New	NNP
29364	735	12	York	York	NNP
29364	735	13	banker	banker	NN
29364	735	14	of	of	IN
29364	735	15	a	a	DT
29364	735	16	draft	draft	NN
29364	735	17	on	on	IN
29364	735	18	Paris	Paris	NNP
29364	735	19	,	,	,
29364	735	20	say	say	VB
29364	735	21	,	,	,
29364	735	22	for	for	IN
29364	735	23	francs	franc	NNS
29364	735	24	25,250	25,250	CD
29364	735	25	,	,	,
29364	735	26	at	at	IN
29364	735	27	5.17	5.17	CD
29364	735	28	-	-	SYM
29364	735	29	1/2	1/2	CD
29364	735	30	,	,	,
29364	735	31	bringing	bring	VBG
29364	735	32	him	-PRON-	PRP
29364	735	33	in	in	IN
29364	735	34	$	$	$
29364	735	35	4,879.23	4,879.23	CD
29364	735	36	.	.	.
29364	736	1	Purchase	purchase	NN
29364	736	2	by	by	IN
29364	736	3	same	same	JJ
29364	736	4	banker	banker	NN
29364	736	5	of	of	IN
29364	736	6	a	a	DT
29364	736	7	draft	draft	NN
29364	736	8	on	on	IN
29364	736	9	London	London	NNP
29364	736	10	for	for	IN
29364	736	11	£	£	$
29364	736	12	1,000	1,000	CD
29364	736	13	,	,	,
29364	736	14	at	at	IN
29364	736	15	4.84	4.84	CD
29364	736	16	,	,	,
29364	736	17	costing	cost	VBG
29364	736	18	him	-PRON-	PRP
29364	736	19	$	$	$
29364	736	20	4,840	4,840	CD
29364	736	21	.	.	.
29364	737	1	Instructions	instruction	NNS
29364	737	2	by	by	IN
29364	737	3	the	the	DT
29364	737	4	American	american	JJ
29364	737	5	banker	banker	NN
29364	737	6	to	to	IN
29364	737	7	his	-PRON-	PRP$
29364	737	8	London	London	NNP
29364	737	9	correspondent	correspondent	NN
29364	737	10	to	to	TO
29364	737	11	buy	buy	VB
29364	737	12	a	a	DT
29364	737	13	check	check	NN
29364	737	14	on	on	IN
29364	737	15	Paris	Paris	NNP
29364	737	16	for	for	IN
29364	737	17	francs	franc	NNS
29364	737	18	25,250	25,250	CD
29364	737	19	in	in	IN
29364	737	20	London	London	NNP
29364	737	21	,	,	,
29364	737	22	and	and	CC
29364	737	23	to	to	TO
29364	737	24	send	send	VB
29364	737	25	it	-PRON-	PRP
29364	737	26	over	over	RP
29364	737	27	to	to	IN
29364	737	28	Paris	Paris	NNP
29364	737	29	for	for	IN
29364	737	30	the	the	DT
29364	737	31	credit	credit	NN
29364	737	32	of	of	IN
29364	737	33	his	-PRON-	PRP$
29364	737	34	(	(	-LRB-
29364	737	35	the	the	DT
29364	737	36	American	american	JJ
29364	737	37	banker	banker	NN
29364	737	38	's	's	POS
29364	737	39	account	account	NN
29364	737	40	)	)	-RRB-
29364	737	41	.	.	.
29364	738	1	Such	such	PDT
29364	738	2	a	a	DT
29364	738	3	draft	draft	NN
29364	738	4	,	,	,
29364	738	5	at	at	IN
29364	738	6	25.25	25.25	CD
29364	738	7	would	would	MD
29364	738	8	cost	cost	VB
29364	738	9	just	just	RB
29364	738	10	£	£	$
29364	738	11	1,000	1,000	CD
29364	738	12	.	.	.
29364	739	1	The	the	DT
29364	739	2	circle	circle	NN
29364	739	3	would	would	MD
29364	739	4	then	then	RB
29364	739	5	be	be	VB
29364	739	6	complete	complete	JJ
29364	739	7	.	.	.
29364	740	1	The	the	DT
29364	740	2	American	american	JJ
29364	740	3	banker	banker	NN
29364	740	4	who	who	WP
29364	740	5	originally	originally	RB
29364	740	6	drew	draw	VBD
29364	740	7	the	the	DT
29364	740	8	francs	franc	NNS
29364	740	9	25,250	25,250	CD
29364	740	10	on	on	IN
29364	740	11	his	-PRON-	PRP$
29364	740	12	Paris	Paris	NNP
29364	740	13	balance	balance	NN
29364	740	14	would	would	MD
29364	740	15	have	have	VB
29364	740	16	replaced	replace	VBN
29364	740	17	that	that	DT
29364	740	18	amount	amount	NN
29364	740	19	in	in	IN
29364	740	20	his	-PRON-	PRP$
29364	740	21	Paris	Paris	NNP
29364	740	22	balance	balance	NN
29364	740	23	through	through	IN
29364	740	24	the	the	DT
29364	740	25	aid	aid	NN
29364	740	26	of	of	IN
29364	740	27	his	-PRON-	PRP$
29364	740	28	London	London	NNP
29364	740	29	correspondent	correspondent	NN
29364	740	30	.	.	.
29364	741	1	The	the	DT
29364	741	2	London	London	NNP
29364	741	3	correspondent	correspondent	NN
29364	741	4	would	would	MD
29364	741	5	have	have	VB
29364	741	6	paid	pay	VBN
29364	741	7	out	out	RP
29364	741	8	£	£	$
29364	741	9	1,000	1,000	CD
29364	741	10	from	from	IN
29364	741	11	the	the	DT
29364	741	12	American	american	JJ
29364	741	13	banker	banker	NN
29364	741	14	's	's	POS
29364	741	15	balance	balance	NN
29364	741	16	with	with	IN
29364	741	17	him	-PRON-	PRP
29364	741	18	,	,	,
29364	741	19	a	a	DT
29364	741	20	draft	draft	NN
29364	741	21	for	for	IN
29364	741	22	which	which	WDT
29364	741	23	amount	amount	NN
29364	741	24	would	would	MD
29364	741	25	come	come	VB
29364	741	26	in	in	IN
29364	741	27	the	the	DT
29364	741	28	next	next	JJ
29364	741	29	mail	mail	NN
29364	741	30	.	.	.
29364	742	1	All	all	DT
29364	742	2	parties	party	NNS
29364	742	3	to	to	IN
29364	742	4	the	the	DT
29364	742	5	transaction	transaction	NN
29364	742	6	would	would	MD
29364	742	7	be	be	VB
29364	742	8	satisfied	satisfied	JJ
29364	742	9	--	--	:
29364	742	10	especially	especially	RB
29364	742	11	the	the	DT
29364	742	12	banker	banker	NN
29364	742	13	who	who	WP
29364	742	14	started	start	VBD
29364	742	15	it	-PRON-	PRP
29364	742	16	,	,	,
29364	742	17	for	for	IN
29364	742	18	whereas	whereas	IN
29364	742	19	he	-PRON-	PRP
29364	742	20	paid	pay	VBD
29364	742	21	out	out	RP
29364	742	22	$	$	$
29364	742	23	4,840	4,840	CD
29364	742	24	for	for	IN
29364	742	25	the	the	DT
29364	742	26	£	£	$
29364	742	27	1,000	1,000	CD
29364	742	28	draft	draft	NN
29364	742	29	on	on	IN
29364	742	30	London	London	NNP
29364	742	31	,	,	,
29364	742	32	he	-PRON-	PRP
29364	742	33	originally	originally	RB
29364	742	34	took	take	VBD
29364	742	35	in	in	RP
29364	742	36	$	$	$
29364	742	37	4,879.23	4,879.23	CD
29364	742	38	for	for	IN
29364	742	39	the	the	DT
29364	742	40	draft	draft	NN
29364	742	41	he	-PRON-	PRP
29364	742	42	sold	sell	VBD
29364	742	43	on	on	IN
29364	742	44	Paris	Paris	NNP
29364	742	45	.	.	.
29364	743	1	Between	between	IN
29364	743	2	such	such	JJ
29364	743	3	cities	city	NNS
29364	743	4	as	as	IN
29364	743	5	have	have	VBP
29364	743	6	been	be	VBN
29364	743	7	used	use	VBN
29364	743	8	in	in	IN
29364	743	9	the	the	DT
29364	743	10	foregoing	foregoing	JJ
29364	743	11	illustrations	illustration	NNS
29364	743	12	rates	rate	NNS
29364	743	13	are	be	VBP
29364	743	14	not	not	RB
29364	743	15	apt	apt	JJ
29364	743	16	to	to	TO
29364	743	17	be	be	VB
29364	743	18	wide	wide	JJ
29364	743	19	enough	enough	RB
29364	743	20	apart	apart	RB
29364	743	21	to	to	TO
29364	743	22	afford	afford	VB
29364	743	23	any	any	DT
29364	743	24	such	such	JJ
29364	743	25	actual	actual	JJ
29364	743	26	profit	profit	NN
29364	743	27	,	,	,
29364	743	28	but	but	CC
29364	743	29	the	the	DT
29364	743	30	chance	chance	NN
29364	743	31	for	for	IN
29364	743	32	arbitraging	arbitrage	VBG
29364	743	33	does	do	VBZ
29364	743	34	exist	exist	VB
29364	743	35	and	and	CC
29364	743	36	is	be	VBZ
29364	743	37	being	be	VBG
29364	743	38	continuously	continuously	RB
29364	743	39	taken	take	VBN
29364	743	40	advantage	advantage	NN
29364	743	41	of	of	IN
29364	743	42	.	.	.
29364	744	1	So	so	RB
29364	744	2	keenly	keenly	RB
29364	744	3	,	,	,
29364	744	4	indeed	indeed	RB
29364	744	5	,	,	,
29364	744	6	are	be	VBP
29364	744	7	the	the	DT
29364	744	8	various	various	JJ
29364	744	9	rates	rate	NNS
29364	744	10	in	in	IN
29364	744	11	their	-PRON-	PRP$
29364	744	12	possible	possible	JJ
29364	744	13	relation	relation	NN
29364	744	14	to	to	IN
29364	744	15	one	one	CD
29364	744	16	another	another	DT
29364	744	17	watched	watch	VBN
29364	744	18	by	by	IN
29364	744	19	the	the	DT
29364	744	20	exchange	exchange	NN
29364	744	21	men	man	NNS
29364	744	22	that	that	IN
29364	744	23	it	-PRON-	PRP
29364	744	24	is	be	VBZ
29364	744	25	next	next	JJ
29364	744	26	to	to	IN
29364	744	27	impossible	impossible	JJ
29364	744	28	for	for	IN
29364	744	29	them	-PRON-	PRP
29364	744	30	to	to	TO
29364	744	31	"	"	``
29364	744	32	open	open	VB
29364	744	33	up	up	RP
29364	744	34	"	"	''
29364	744	35	to	to	IN
29364	744	36	any	any	DT
29364	744	37	appreciable	appreciable	JJ
29364	744	38	extent	extent	NN
29364	744	39	.	.	.
29364	745	1	The	the	DT
29364	745	2	chance	chance	NN
29364	745	3	to	to	TO
29364	745	4	make	make	VB
29364	745	5	even	even	RB
29364	745	6	a	a	DT
29364	745	7	slight	slight	JJ
29364	745	8	profit	profit	NN
29364	745	9	by	by	IN
29364	745	10	shifting	shift	VBG
29364	745	11	balances	balance	NNS
29364	745	12	is	be	VBZ
29364	745	13	so	so	RB
29364	745	14	quickly	quickly	RB
29364	745	15	availed	availed	JJ
29364	745	16	of	of	IN
29364	745	17	that	that	DT
29364	745	18	in	in	IN
29364	745	19	the	the	DT
29364	745	20	constant	constant	JJ
29364	745	21	demand	demand	NN
29364	745	22	for	for	IN
29364	745	23	exchange	exchange	NN
29364	745	24	wherever	wherever	WRB
29364	745	25	any	any	DT
29364	745	26	relative	relative	JJ
29364	745	27	weakness	weakness	NN
29364	745	28	is	be	VBZ
29364	745	29	shown	show	VBN
29364	745	30	,	,	,
29364	745	31	there	there	EX
29364	745	32	exists	exist	VBZ
29364	745	33	a	a	DT
29364	745	34	force	force	NN
29364	745	35	which	which	WDT
29364	745	36	keeps	keep	VBZ
29364	745	37	the	the	DT
29364	745	38	whole	whole	JJ
29364	745	39	structure	structure	NN
29364	745	40	at	at	IN
29364	745	41	parity	parity	NN
29364	745	42	.	.	.
29364	746	1	The	the	DT
29364	746	2	ability	ability	NN
29364	746	3	to	to	TO
29364	746	4	buy	buy	VB
29364	746	5	drafts	draft	NNS
29364	746	6	on	on	IN
29364	746	7	Paris	Paris	NNP
29364	746	8	relatively	relatively	RB
29364	746	9	much	much	RB
29364	746	10	cheaper	cheap	JJR
29364	746	11	at	at	IN
29364	746	12	London	London	NNP
29364	746	13	than	than	IN
29364	746	14	at	at	IN
29364	746	15	New	New	NNP
29364	746	16	York	York	NNP
29364	746	17	,	,	,
29364	746	18	for	for	IN
29364	746	19	instance	instance	NN
29364	746	20	,	,	,
29364	746	21	would	would	MD
29364	746	22	be	be	VB
29364	746	23	so	so	RB
29364	746	24	quickly	quickly	RB
29364	746	25	taken	take	VBN
29364	746	26	advantage	advantage	NN
29364	746	27	of	of	IN
29364	746	28	by	by	IN
29364	746	29	half	half	PDT
29364	746	30	a	a	DT
29364	746	31	dozen	dozen	NN
29364	746	32	watchful	watchful	JJ
29364	746	33	exchange	exchange	NN
29364	746	34	men	man	NNS
29364	746	35	that	that	IN
29364	746	36	the	the	DT
29364	746	37	London	London	NNP
29364	746	38	rate	rate	NN
29364	746	39	on	on	IN
29364	746	40	Paris	Paris	NNP
29364	746	41	would	would	MD
29364	746	42	quickly	quickly	RB
29364	746	43	enough	enough	RB
29364	746	44	be	be	VB
29364	746	45	driven	drive	VBN
29364	746	46	up	up	RP
29364	746	47	to	to	IN
29364	746	48	its	-PRON-	PRP$
29364	746	49	right	right	JJ
29364	746	50	relative	relative	JJ
29364	746	51	position	position	NN
29364	746	52	.	.	.
29364	747	1	It	-PRON-	PRP
29364	747	2	is	be	VBZ
29364	747	3	impossible	impossible	JJ
29364	747	4	in	in	IN
29364	747	5	this	this	DT
29364	747	6	brief	brief	JJ
29364	747	7	treatise	treatise	NN
29364	747	8	to	to	TO
29364	747	9	give	give	VB
29364	747	10	more	more	JJR
29364	747	11	than	than	IN
29364	747	12	a	a	DT
29364	747	13	suggestion	suggestion	NN
29364	747	14	of	of	IN
29364	747	15	the	the	DT
29364	747	16	various	various	JJ
29364	747	17	kinds	kind	NNS
29364	747	18	of	of	IN
29364	747	19	exchange	exchange	NN
29364	747	20	arbitration	arbitration	NN
29364	747	21	being	be	VBG
29364	747	22	carried	carry	VBN
29364	747	23	on	on	IN
29364	747	24	all	all	PDT
29364	747	25	the	the	DT
29364	747	26	time	time	NN
29364	747	27	.	.	.
29364	748	1	Experts	expert	NNS
29364	748	2	do	do	VBP
29364	748	3	not	not	RB
29364	748	4	confine	confine	VB
29364	748	5	their	-PRON-	PRP$
29364	748	6	operations	operation	NNS
29364	748	7	to	to	IN
29364	748	8	the	the	DT
29364	748	9	main	main	JJ
29364	748	10	centers	center	NNS
29364	748	11	,	,	,
29364	748	12	nor	nor	CC
29364	748	13	is	be	VBZ
29364	748	14	three	three	CD
29364	748	15	necessarily	necessarily	RB
29364	748	16	the	the	DT
29364	748	17	largest	large	JJS
29364	748	18	number	number	NN
29364	748	19	of	of	IN
29364	748	20	points	point	NNS
29364	748	21	which	which	WDT
29364	748	22	figure	figure	VBP
29364	748	23	in	in	IN
29364	748	24	transactions	transaction	NNS
29364	748	25	of	of	IN
29364	748	26	this	this	DT
29364	748	27	sort	sort	NN
29364	748	28	.	.	.
29364	749	1	Elaborate	elaborate	JJ
29364	749	2	cable	cable	NN
29364	749	3	codes	code	NNS
29364	749	4	and	and	CC
29364	749	5	a	a	DT
29364	749	6	constant	constant	JJ
29364	749	7	use	use	NN
29364	749	8	of	of	IN
29364	749	9	the	the	DT
29364	749	10	wires	wire	NNS
29364	749	11	keep	keep	VBP
29364	749	12	the	the	DT
29364	749	13	up	up	RB
29364	749	14	-	-	HYPH
29364	749	15	to	to	IN
29364	749	16	-	-	HYPH
29364	749	17	date	date	NN
29364	749	18	exchange	exchange	NN
29364	749	19	manager	manager	NN
29364	749	20	in	in	IN
29364	749	21	touch	touch	NN
29364	749	22	with	with	IN
29364	749	23	the	the	DT
29364	749	24	movement	movement	NN
29364	749	25	of	of	IN
29364	749	26	rates	rate	NNS
29364	749	27	in	in	IN
29364	749	28	every	every	DT
29364	749	29	part	part	NN
29364	749	30	of	of	IN
29364	749	31	Europe	Europe	NNP
29364	749	32	.	.	.
29364	750	1	If	if	IN
29364	750	2	a	a	DT
29364	750	3	chance	chance	NN
29364	750	4	exists	exist	VBZ
29364	750	5	to	to	TO
29364	750	6	sell	sell	VB
29364	750	7	a	a	DT
29364	750	8	draft	draft	NN
29364	750	9	on	on	IN
29364	750	10	London	London	NNP
29364	750	11	and	and	CC
29364	750	12	then	then	RB
29364	750	13	to	to	TO
29364	750	14	put	put	VB
29364	750	15	the	the	DT
29364	750	16	requisite	requisite	JJ
29364	750	17	balance	balance	NN
29364	750	18	there	there	RB
29364	750	19	through	through	IN
29364	750	20	an	an	DT
29364	750	21	arbitration	arbitration	NN
29364	750	22	involving	involve	VBG
29364	750	23	Paris	Paris	NNP
29364	750	24	,	,	,
29364	750	25	Brussels	Brussels	NNP
29364	750	26	,	,	,
29364	750	27	and	and	CC
29364	750	28	Amsterdam	Amsterdam	NNP
29364	750	29	,	,	,
29364	750	30	the	the	DT
29364	750	31	chances	chance	NNS
29364	750	32	are	be	VBP
29364	750	33	that	that	IN
29364	750	34	there	there	EX
29364	750	35	will	will	MD
29364	750	36	be	be	VB
29364	750	37	some	some	DT
29364	750	38	shrewd	shrewd	JJ
29364	750	39	manager	manager	NN
29364	750	40	who	who	WP
29364	750	41	will	will	MD
29364	750	42	find	find	VB
29364	750	43	it	-PRON-	PRP
29364	750	44	out	out	RP
29364	750	45	and	and	CC
29364	750	46	put	put	VBD
29364	750	47	through	through	IN
29364	750	48	the	the	DT
29364	750	49	transaction	transaction	NN
29364	750	50	.	.	.
29364	751	1	Some	some	DT
29364	751	2	of	of	IN
29364	751	3	the	the	DT
29364	751	4	larger	large	JJR
29364	751	5	banking	banking	NN
29364	751	6	houses	house	NNS
29364	751	7	employ	employ	VBP
29364	751	8	men	man	NNS
29364	751	9	who	who	WP
29364	751	10	do	do	VBP
29364	751	11	little	little	JJ
29364	751	12	but	but	CC
29364	751	13	look	look	VB
29364	751	14	for	for	IN
29364	751	15	just	just	RB
29364	751	16	such	such	JJ
29364	751	17	opportunities	opportunity	NNS
29364	751	18	.	.	.
29364	752	1	When	when	WRB
29364	752	2	times	time	NNS
29364	752	3	are	be	VBP
29364	752	4	normal	normal	JJ
29364	752	5	,	,	,
29364	752	6	the	the	DT
29364	752	7	margin	margin	NN
29364	752	8	of	of	IN
29364	752	9	profit	profit	NN
29364	752	10	is	be	VBZ
29364	752	11	small	small	JJ
29364	752	12	,	,	,
29364	752	13	but	but	CC
29364	752	14	in	in	IN
29364	752	15	disturbed	disturbed	JJ
29364	752	16	markets	market	NNS
29364	752	17	the	the	DT
29364	752	18	parities	parity	NNS
29364	752	19	are	be	VBP
29364	752	20	not	not	RB
29364	752	21	nearly	nearly	RB
29364	752	22	so	so	RB
29364	752	23	closely	closely	RB
29364	752	24	maintained	maintained	JJ
29364	752	25	and	and	CC
29364	752	26	substantial	substantial	JJ
29364	752	27	profits	profit	NNS
29364	752	28	are	be	VBP
29364	752	29	occasionally	occasionally	RB
29364	752	30	made	make	VBN
29364	752	31	.	.	.
29364	753	1	The	the	DT
29364	753	2	business	business	NN
29364	753	3	,	,	,
29364	753	4	however	however	RB
29364	753	5	,	,	,
29364	753	6	is	be	VBZ
29364	753	7	of	of	IN
29364	753	8	the	the	DT
29364	753	9	most	most	RBS
29364	753	10	difficult	difficult	JJ
29364	753	11	character	character	NN
29364	753	12	,	,	,
29364	753	13	requiring	require	VBG
29364	753	14	not	not	RB
29364	753	15	only	only	RB
29364	753	16	great	great	JJ
29364	753	17	shrewdness	shrewdness	NN
29364	753	18	and	and	CC
29364	753	19	judgment	judgment	NN
29364	753	20	but	but	CC
29364	753	21	exceptional	exceptional	JJ
29364	753	22	mechanical	mechanical	JJ
29364	753	23	facilities	facility	NNS
29364	753	24	.	.	.
29364	754	1	7	7	LS
29364	754	2	.	.	.
29364	755	1	_	_	NNP
29364	755	2	Dealing	deal	VBG
29364	755	3	in	in	IN
29364	755	4	"	"	``
29364	755	5	Futures	Futures	NNPS
29364	755	6	_	_	NNP
29364	755	7	"	"	''
29364	755	8	As	as	IN
29364	755	9	a	a	DT
29364	755	10	means	means	NN
29364	755	11	of	of	IN
29364	755	12	making	making	NN
29364	755	13	--	--	:
29364	755	14	or	or	CC
29364	755	15	of	of	IN
29364	755	16	losing	losing	NN
29364	755	17	--	--	:
29364	755	18	money	money	NN
29364	755	19	,	,	,
29364	755	20	in	in	IN
29364	755	21	the	the	DT
29364	755	22	foreign	foreign	JJ
29364	755	23	exchange	exchange	NN
29364	755	24	business	business	NN
29364	755	25	,	,	,
29364	755	26	the	the	DT
29364	755	27	dealing	dealing	NN
29364	755	28	in	in	IN
29364	755	29	contracts	contract	NNS
29364	755	30	for	for	IN
29364	755	31	the	the	DT
29364	755	32	future	future	JJ
29364	755	33	delivery	delivery	NN
29364	755	34	of	of	IN
29364	755	35	exchange	exchange	NN
29364	755	36	has	have	VBZ
29364	755	37	,	,	,
29364	755	38	perhaps	perhaps	RB
29364	755	39	,	,	,
29364	755	40	no	no	RB
29364	755	41	equal	equal	JJ
29364	755	42	.	.	.
29364	756	1	And	and	CC
29364	756	2	yet	yet	RB
29364	756	3	trading	trade	VBG
29364	756	4	in	in	IN
29364	756	5	futures	future	NNS
29364	756	6	is	be	VBZ
29364	756	7	by	by	IN
29364	756	8	no	no	DT
29364	756	9	means	means	NN
29364	756	10	necessarily	necessarily	RB
29364	756	11	speculation	speculation	NN
29364	756	12	.	.	.
29364	757	1	There	there	EX
29364	757	2	are	be	VBP
29364	757	3	at	at	RB
29364	757	4	least	least	RBS
29364	757	5	two	two	CD
29364	757	6	broad	broad	JJ
29364	757	7	classes	class	NNS
29364	757	8	of	of	IN
29364	757	9	legitimate	legitimate	JJ
29364	757	10	operation	operation	NN
29364	757	11	in	in	IN
29364	757	12	which	which	WDT
29364	757	13	the	the	DT
29364	757	14	buying	buying	NN
29364	757	15	and	and	CC
29364	757	16	selling	selling	NN
29364	757	17	of	of	IN
29364	757	18	contracts	contract	NNS
29364	757	19	of	of	IN
29364	757	20	exchange	exchange	NN
29364	757	21	for	for	IN
29364	757	22	future	future	JJ
29364	757	23	delivery	delivery	NN
29364	757	24	plays	play	VBZ
29364	757	25	a	a	DT
29364	757	26	vital	vital	JJ
29364	757	27	part	part	NN
29364	757	28	.	.	.
29364	758	1	Take	take	VB
29364	758	2	the	the	DT
29364	758	3	case	case	NN
29364	758	4	of	of	IN
29364	758	5	a	a	DT
29364	758	6	banker	banker	NN
29364	758	7	who	who	WP
29364	758	8	has	have	VBZ
29364	758	9	bought	buy	VBN
29364	758	10	and	and	CC
29364	758	11	remitted	remit	VBN
29364	758	12	to	to	IN
29364	758	13	his	-PRON-	PRP$
29364	758	14	foreign	foreign	JJ
29364	758	15	correspondent	correspondent	NN
29364	758	16	a	a	DT
29364	758	17	miscellaneous	miscellaneous	JJ
29364	758	18	lot	lot	NN
29364	758	19	of	of	IN
29364	758	20	foreign	foreign	JJ
29364	758	21	exchange	exchange	NN
29364	758	22	made	make	VBD
29364	758	23	up	up	RP
29364	758	24	to	to	IN
29364	758	25	the	the	DT
29364	758	26	extent	extent	NN
29364	758	27	of	of	IN
29364	758	28	one	one	CD
29364	758	29	-	-	HYPH
29364	758	30	half	half	NN
29364	758	31	,	,	,
29364	758	32	perhaps	perhaps	RB
29364	758	33	,	,	,
29364	758	34	of	of	IN
29364	758	35	commercial	commercial	JJ
29364	758	36	long	long	JJ
29364	758	37	bills	bill	NNS
29364	758	38	with	with	IN
29364	758	39	documents	document	NNS
29364	758	40	deliverable	deliverable	JJ
29364	758	41	only	only	RB
29364	758	42	on	on	IN
29364	758	43	"	"	``
29364	758	44	payment	payment	NN
29364	758	45	"	"	''
29364	758	46	of	of	IN
29364	758	47	the	the	DT
29364	758	48	draft	draft	NN
29364	758	49	.	.	.
29364	759	1	That	that	DT
29364	759	2	means	mean	VBZ
29364	759	3	that	that	IN
29364	759	4	if	if	IN
29364	759	5	the	the	DT
29364	759	6	whole	whole	JJ
29364	759	7	batch	batch	NN
29364	759	8	of	of	IN
29364	759	9	exchange	exchange	NN
29364	759	10	amounted	amount	VBD
29364	759	11	to	to	IN
29364	759	12	£	£	$
29364	759	13	50,000	50,000	CD
29364	759	14	,	,	,
29364	759	15	£	£	$
29364	759	16	25,000	25,000	CD
29364	759	17	of	of	IN
29364	759	18	it	-PRON-	PRP
29364	759	19	might	may	MD
29364	759	20	not	not	RB
29364	759	21	become	become	VB
29364	759	22	an	an	DT
29364	759	23	available	available	JJ
29364	759	24	balance	balance	NN
29364	759	25	on	on	IN
29364	759	26	the	the	DT
29364	759	27	other	other	JJ
29364	759	28	side	side	NN
29364	759	29	for	for	IN
29364	759	30	a	a	DT
29364	759	31	good	good	JJ
29364	759	32	while	while	NN
29364	759	33	after	after	IN
29364	759	34	it	-PRON-	PRP
29364	759	35	had	have	VBD
29364	759	36	arrived	arrive	VBN
29364	759	37	there	there	RB
29364	759	38	--	--	:
29364	759	39	not	not	RB
29364	759	40	until	until	IN
29364	759	41	the	the	DT
29364	759	42	parties	party	NNS
29364	759	43	on	on	IN
29364	759	44	whom	whom	WP
29364	759	45	the	the	DT
29364	759	46	"	"	``
29364	759	47	payment	payment	NN
29364	759	48	"	"	''
29364	759	49	bills	bill	NNS
29364	759	50	were	be	VBD
29364	759	51	drawn	draw	VBN
29364	759	52	chose	choose	VBD
29364	759	53	to	to	TO
29364	759	54	pay	pay	VB
29364	759	55	them	-PRON-	PRP
29364	759	56	off	off	RP
29364	759	57	under	under	IN
29364	759	58	rebate	rebate	NN
29364	759	59	.	.	.
29364	760	1	The	the	DT
29364	760	2	exchange	exchange	NN
29364	760	3	rate	rate	NN
29364	760	4	,	,	,
29364	760	5	in	in	IN
29364	760	6	the	the	DT
29364	760	7	meantime	meantime	NN
29364	760	8	,	,	,
29364	760	9	might	may	MD
29364	760	10	do	do	VB
29364	760	11	almost	almost	RB
29364	760	12	anything	anything	NN
29364	760	13	,	,	,
29364	760	14	and	and	CC
29364	760	15	the	the	DT
29364	760	16	remitting	remit	VBG
29364	760	17	banker	banker	NN
29364	760	18	might	may	MD
29364	760	19	at	at	IN
29364	760	20	the	the	DT
29364	760	21	end	end	NN
29364	760	22	of	of	IN
29364	760	23	thirty	thirty	CD
29364	760	24	or	or	CC
29364	760	25	forty	forty	CD
29364	760	26	-	-	HYPH
29364	760	27	five	five	CD
29364	760	28	days	day	NNS
29364	760	29	find	find	VBP
29364	760	30	himself	-PRON-	PRP
29364	760	31	with	with	IN
29364	760	32	a	a	DT
29364	760	33	balance	balance	NN
29364	760	34	abroad	abroad	RB
29364	760	35	on	on	IN
29364	760	36	which	which	WDT
29364	760	37	he	-PRON-	PRP
29364	760	38	could	could	MD
29364	760	39	sell	sell	VB
29364	760	40	his	-PRON-	PRP$
29364	760	41	checks	check	NNS
29364	760	42	only	only	RB
29364	760	43	at	at	IN
29364	760	44	very	very	RB
29364	760	45	low	low	JJ
29364	760	46	rates	rate	NNS
29364	760	47	.	.	.
29364	761	1	To	to	TO
29364	761	2	protect	protect	VB
29364	761	3	himself	-PRON-	PRP
29364	761	4	in	in	IN
29364	761	5	such	such	JJ
29364	761	6	case	case	NN
29364	761	7	the	the	DT
29364	761	8	banker	banker	NN
29364	761	9	would	would	MD
29364	761	10	,	,	,
29364	761	11	at	at	IN
29364	761	12	the	the	DT
29364	761	13	time	time	NN
29364	761	14	he	-PRON-	PRP
29364	761	15	sent	send	VBD
29364	761	16	over	over	IN
29364	761	17	the	the	DT
29364	761	18	commercial	commercial	JJ
29364	761	19	exchange	exchange	NN
29364	761	20	,	,	,
29364	761	21	sell	sell	VB
29364	761	22	his	-PRON-	PRP$
29364	761	23	own	own	JJ
29364	761	24	demand	demand	NN
29364	761	25	drafts	draft	VBZ
29364	761	26	for	for	IN
29364	761	27	future	future	JJ
29364	761	28	delivery	delivery	NN
29364	761	29	.	.	.
29364	762	1	Suppose	suppose	VB
29364	762	2	that	that	IN
29364	762	3	he	-PRON-	PRP
29364	762	4	had	have	VBD
29364	762	5	sent	send	VBN
29364	762	6	over	over	RP
29364	762	7	£	£	$
29364	762	8	25,000	25,000	CD
29364	762	9	of	of	IN
29364	762	10	commercial	commercial	JJ
29364	762	11	"	"	``
29364	762	12	payment	payment	NN
29364	762	13	"	"	''
29364	762	14	bills	bill	NNS
29364	762	15	.	.	.
29364	763	1	Unable	unable	JJ
29364	763	2	to	to	TO
29364	763	3	tell	tell	VB
29364	763	4	exactly	exactly	RB
29364	763	5	when	when	WRB
29364	763	6	the	the	DT
29364	763	7	proceeds	proceed	NNS
29364	763	8	would	would	MD
29364	763	9	become	become	VB
29364	763	10	available	available	JJ
29364	763	11	,	,	,
29364	763	12	the	the	DT
29364	763	13	banker	banker	NN
29364	763	14	buying	buy	VBG
29364	763	15	the	the	DT
29364	763	16	bills	bill	NNS
29364	763	17	would	would	MD
29364	763	18	nevertheless	nevertheless	RB
29364	763	19	presumably	presumably	RB
29364	763	20	have	have	VB
29364	763	21	had	have	VBN
29364	763	22	experience	experience	NN
29364	763	23	with	with	IN
29364	763	24	bills	bill	NNS
29364	763	25	of	of	IN
29364	763	26	the	the	DT
29364	763	27	same	same	JJ
29364	763	28	name	name	NN
29364	763	29	before	before	RB
29364	763	30	and	and	CC
29364	763	31	would	would	MD
29364	763	32	be	be	VB
29364	763	33	able	able	JJ
29364	763	34	to	to	TO
29364	763	35	form	form	VB
29364	763	36	a	a	DT
29364	763	37	pretty	pretty	RB
29364	763	38	accurate	accurate	JJ
29364	763	39	estimate	estimate	NN
29364	763	40	as	as	IN
29364	763	41	to	to	IN
29364	763	42	when	when	WRB
29364	763	43	the	the	DT
29364	763	44	drawees	drawee	NNS
29364	763	45	would	would	MD
29364	763	46	be	be	VB
29364	763	47	likely	likely	JJ
29364	763	48	to	to	TO
29364	763	49	"	"	``
29364	763	50	take	take	VB
29364	763	51	them	-PRON-	PRP
29364	763	52	up	up	RP
29364	763	53	"	"	''
29364	763	54	under	under	IN
29364	763	55	rebate	rebate	NN
29364	763	56	.	.	.
29364	764	1	It	-PRON-	PRP
29364	764	2	would	would	MD
29364	764	3	be	be	VB
29364	764	4	reasonably	reasonably	RB
29364	764	5	safe	safe	JJ
29364	764	6	,	,	,
29364	764	7	for	for	IN
29364	764	8	instance	instance	NN
29364	764	9	,	,	,
29364	764	10	for	for	IN
29364	764	11	the	the	DT
29364	764	12	banker	banker	NN
29364	764	13	to	to	TO
29364	764	14	sell	sell	VB
29364	764	15	futures	future	NNS
29364	764	16	as	as	IN
29364	764	17	follows	follow	VBZ
29364	764	18	:	:	:
29364	764	19	£	£	$
29364	764	20	5,000	5,000	CD
29364	764	21	deliverable	deliverable	JJ
29364	764	22	in	in	IN
29364	764	23	fifteen	fifteen	CD
29364	764	24	days	day	NNS
29364	764	25	;	;	:
29364	764	26	£	£	$
29364	764	27	10,000	10,000	CD
29364	764	28	deliverable	deliverable	JJ
29364	764	29	in	in	IN
29364	764	30	thirty	thirty	CD
29364	764	31	days	day	NNS
29364	764	32	,	,	,
29364	764	33	£	£	$
29364	764	34	10,000	10,000	CD
29364	764	35	deliverable	deliverable	JJ
29364	764	36	in	in	RB
29364	764	37	from	from	IN
29364	764	38	forty	forty	CD
29364	764	39	-	-	HYPH
29364	764	40	five	five	CD
29364	764	41	to	to	TO
29364	764	42	sixty	sixty	CD
29364	764	43	days	day	NNS
29364	764	44	.	.	.
29364	765	1	Such	such	JJ
29364	765	2	drafts	draft	NNS
29364	765	3	on	on	IN
29364	765	4	being	be	VBG
29364	765	5	presented	present	VBN
29364	765	6	could	could	MD
29364	765	7	in	in	IN
29364	765	8	all	all	DT
29364	765	9	probability	probability	NN
29364	765	10	be	be	VB
29364	765	11	taken	take	VBN
29364	765	12	care	care	NN
29364	765	13	of	of	IN
29364	765	14	out	out	IN
29364	765	15	of	of	IN
29364	765	16	the	the	DT
29364	765	17	prepayments	prepayment	NNS
29364	765	18	on	on	IN
29364	765	19	the	the	DT
29364	765	20	commercial	commercial	JJ
29364	765	21	bills	bill	NNS
29364	765	22	.	.	.
29364	766	1	By	by	IN
29364	766	2	figuring	figure	VBG
29364	766	3	with	with	IN
29364	766	4	judgment	judgment	NN
29364	766	5	,	,	,
29364	766	6	foreign	foreign	JJ
29364	766	7	exchange	exchange	NN
29364	766	8	bankers	banker	NNS
29364	766	9	are	be	VBP
29364	766	10	often	often	RB
29364	766	11	able	able	JJ
29364	766	12	to	to	TO
29364	766	13	make	make	VB
29364	766	14	substantial	substantial	JJ
29364	766	15	profits	profit	NNS
29364	766	16	on	on	IN
29364	766	17	operations	operation	NNS
29364	766	18	of	of	IN
29364	766	19	this	this	DT
29364	766	20	kind	kind	NN
29364	766	21	.	.	.
29364	767	1	An	an	DT
29364	767	2	exchange	exchange	NN
29364	767	3	broker	broker	NN
29364	767	4	comes	come	VBZ
29364	767	5	in	in	RP
29364	767	6	and	and	CC
29364	767	7	offers	offer	VBZ
29364	767	8	a	a	DT
29364	767	9	banker	banker	NN
29364	767	10	here	here	RB
29364	767	11	a	a	DT
29364	767	12	lot	lot	NN
29364	767	13	of	of	IN
29364	767	14	good	good	JJ
29364	767	15	"	"	``
29364	767	16	payment	payment	NN
29364	767	17	"	"	''
29364	767	18	commercial	commercial	JJ
29364	767	19	bills	bill	NNS
29364	767	20	.	.	.
29364	768	1	The	the	DT
29364	768	2	banker	banker	NN
29364	768	3	finds	find	VBZ
29364	768	4	that	that	IN
29364	768	5	he	-PRON-	PRP
29364	768	6	can	can	MD
29364	768	7	sell	sell	VB
29364	768	8	his	-PRON-	PRP$
29364	768	9	own	own	JJ
29364	768	10	draft	draft	NN
29364	768	11	for	for	IN
29364	768	12	delivery	delivery	NN
29364	768	13	at	at	IN
29364	768	14	about	about	IN
29364	768	15	the	the	DT
29364	768	16	time	time	NN
29364	768	17	the	the	DT
29364	768	18	commercial	commercial	JJ
29364	768	19	drafts	draft	NNS
29364	768	20	are	be	VBP
29364	768	21	apt	apt	JJ
29364	768	22	to	to	TO
29364	768	23	be	be	VB
29364	768	24	paid	pay	VBN
29364	768	25	under	under	IN
29364	768	26	rebate	rebate	NN
29364	768	27	,	,	,
29364	768	28	at	at	IN
29364	768	29	a	a	DT
29364	768	30	price	price	NN
29364	768	31	which	which	WDT
29364	768	32	means	mean	VBZ
29364	768	33	a	a	DT
29364	768	34	good	good	JJ
29364	768	35	net	net	JJ
29364	768	36	profit	profit	NN
29364	768	37	.	.	.
29364	769	1	The	the	DT
29364	769	2	operation	operation	NN
29364	769	3	ties	tie	VBZ
29364	769	4	up	up	RP
29364	769	5	capital	capital	NN
29364	769	6	,	,	,
29364	769	7	it	-PRON-	PRP
29364	769	8	is	be	VBZ
29364	769	9	true	true	JJ
29364	769	10	,	,	,
29364	769	11	but	but	CC
29364	769	12	is	be	VBZ
29364	769	13	without	without	IN
29364	769	14	risk	risk	NN
29364	769	15	.	.	.
29364	770	1	Not	not	RB
29364	770	2	infrequently	infrequently	RB
29364	770	3	good	good	JJ
29364	770	4	commercial	commercial	JJ
29364	770	5	"	"	``
29364	770	6	payment	payment	NN
29364	770	7	"	"	''
29364	770	8	bills	bill	NNS
29364	770	9	can	can	MD
29364	770	10	be	be	VB
29364	770	11	bought	buy	VBN
29364	770	12	at	at	IN
29364	770	13	such	such	PDT
29364	770	14	a	a	DT
29364	770	15	price	price	NN
29364	770	16	and	and	CC
29364	770	17	bankers	banker	NNS
29364	770	18	'	'	POS
29364	770	19	futures	future	NNS
29364	770	20	sold	sell	VBN
29364	770	21	against	against	IN
29364	770	22	them	-PRON-	PRP
29364	770	23	at	at	IN
29364	770	24	such	such	PDT
29364	770	25	a	a	DT
29364	770	26	price	price	NN
29364	770	27	that	that	WDT
29364	770	28	there	there	EX
29364	770	29	is	be	VBZ
29364	770	30	a	a	DT
29364	770	31	substantial	substantial	JJ
29364	770	32	profit	profit	NN
29364	770	33	to	to	TO
29364	770	34	be	be	VB
29364	770	35	made	make	VBN
29364	770	36	.	.	.
29364	771	1	The	the	DT
29364	771	2	other	other	JJ
29364	771	3	operation	operation	NN
29364	771	4	is	be	VBZ
29364	771	5	the	the	DT
29364	771	6	sale	sale	NN
29364	771	7	of	of	IN
29364	771	8	bankers	banker	NNS
29364	771	9	'	'	POS
29364	771	10	futures	future	NNS
29364	771	11	,	,	,
29364	771	12	not	not	RB
29364	771	13	against	against	IN
29364	771	14	remittances	remittance	NNS
29364	771	15	of	of	IN
29364	771	16	actual	actual	JJ
29364	771	17	commercial	commercial	JJ
29364	771	18	exchange	exchange	NN
29364	771	19	but	but	CC
29364	771	20	against	against	IN
29364	771	21	exporters	exporter	NNS
29364	771	22	'	'	POS
29364	771	23	futures	future	NNS
29364	771	24	.	.	.
29364	772	1	Exporters	exporter	NNS
29364	772	2	of	of	IN
29364	772	3	merchandise	merchandise	NN
29364	772	4	frequently	frequently	RB
29364	772	5	quote	quote	VBP
29364	772	6	prices	price	NNS
29364	772	7	to	to	IN
29364	772	8	customers	customer	NNS
29364	772	9	abroad	abroad	RB
29364	772	10	for	for	IN
29364	772	11	shipment	shipment	NN
29364	772	12	to	to	TO
29364	772	13	be	be	VB
29364	772	14	made	make	VBN
29364	772	15	in	in	IN
29364	772	16	some	some	DT
29364	772	17	following	follow	VBG
29364	772	18	month	month	NN
29364	772	19	,	,	,
29364	772	20	to	to	TO
29364	772	21	establish	establish	VB
29364	772	22	which	which	WDT
29364	772	23	fixed	fix	VBN
29364	772	24	price	price	NN
29364	772	25	the	the	DT
29364	772	26	exporter	exporter	NN
29364	772	27	has	have	VBZ
29364	772	28	to	to	TO
29364	772	29	fix	fix	VB
29364	772	30	a	a	DT
29364	772	31	rate	rate	NN
29364	772	32	of	of	IN
29364	772	33	exchange	exchange	NN
29364	772	34	definitely	definitely	RB
29364	772	35	with	with	IN
29364	772	36	some	some	DT
29364	772	37	banker	banker	NN
29364	772	38	.	.	.
29364	773	1	"	"	``
29364	773	2	I	-PRON-	PRP
29364	773	3	am	be	VBP
29364	773	4	going	go	VBG
29364	773	5	to	to	TO
29364	773	6	ship	ship	VB
29364	773	7	so	so	RB
29364	773	8	-	-	HYPH
29364	773	9	and	and	CC
29364	773	10	-	-	HYPH
29364	773	11	so	so	RB
29364	773	12	so	so	RB
29364	773	13	many	many	JJ
29364	773	14	tubs	tub	NNS
29364	773	15	of	of	IN
29364	773	16	lard	lard	NN
29364	773	17	next	next	JJ
29364	773	18	May	May	NNP
29364	773	19	,	,	,
29364	773	20	"	"	''
29364	773	21	says	say	VBZ
29364	773	22	the	the	DT
29364	773	23	exporter	exporter	NN
29364	773	24	to	to	IN
29364	773	25	the	the	DT
29364	773	26	banker	banker	NN
29364	773	27	,	,	,
29364	773	28	"	"	''
29364	773	29	the	the	DT
29364	773	30	drafts	draft	NNS
29364	773	31	against	against	IN
29364	773	32	them	-PRON-	PRP
29364	773	33	will	will	MD
29364	773	34	amount	amount	VB
29364	773	35	to	to	IN
29364	773	36	so	so	RB
29364	773	37	-	-	HYPH
29364	773	38	and	and	CC
29364	773	39	-	-	HYPH
29364	773	40	so	so	RB
29364	773	41	-	-	HYPH
29364	773	42	much	much	RB
29364	773	43	.	.	.
29364	774	1	What	what	WDT
29364	774	2	rate	rate	NN
29364	774	3	will	will	MD
29364	774	4	you	-PRON-	PRP
29364	774	5	pay	pay	VB
29364	774	6	me	-PRON-	PRP
29364	774	7	for	for	IN
29364	774	8	them	-PRON-	PRP
29364	774	9	--	--	:
29364	774	10	delivery	delivery	NN
29364	774	11	next	next	IN
29364	774	12	May	May	NNP
29364	774	13	?	?	.
29364	774	14	"	"	''
29364	775	1	The	the	DT
29364	775	2	banker	banker	NN
29364	775	3	knows	know	VBZ
29364	775	4	he	-PRON-	PRP
29364	775	5	can	can	MD
29364	775	6	sell	sell	VB
29364	775	7	his	-PRON-	PRP$
29364	775	8	own	own	JJ
29364	775	9	draft	draft	NN
29364	775	10	for	for	IN
29364	775	11	May	May	NNP
29364	775	12	delivery	delivery	NN
29364	775	13	for	for	IN
29364	775	14	,	,	,
29364	775	15	say	say	UH
29364	775	16	,	,	,
29364	775	17	4.87	4.87	CD
29364	775	18	.	.	.
29364	776	1	He	-PRON-	PRP
29364	776	2	bids	bid	VBZ
29364	776	3	the	the	DT
29364	776	4	exporter	exporter	NN
29364	776	5	4.86	4.86	CD
29364	776	6	-	-	SYM
29364	776	7	1/2	1/2	CD
29364	776	8	for	for	IN
29364	776	9	his	-PRON-	PRP$
29364	776	10	lard	lard	NN
29364	776	11	bills	bill	NNS
29364	776	12	,	,	,
29364	776	13	and	and	CC
29364	776	14	gets	get	VBZ
29364	776	15	the	the	DT
29364	776	16	contract	contract	NN
29364	776	17	.	.	.
29364	777	1	Without	without	IN
29364	777	2	any	any	DT
29364	777	3	risk	risk	NN
29364	777	4	and	and	CC
29364	777	5	without	without	IN
29364	777	6	tying	tie	VBG
29364	777	7	up	up	RP
29364	777	8	a	a	DT
29364	777	9	dollar	dollar	NN
29364	777	10	of	of	IN
29364	777	11	capital	capital	NN
29364	777	12	the	the	DT
29364	777	13	banker	banker	NN
29364	777	14	has	have	VBZ
29364	777	15	made	make	VBN
29364	777	16	one	one	CD
29364	777	17	-	-	HYPH
29364	777	18	half	half	NN
29364	777	19	cent	cent	NN
29364	777	20	per	per	IN
29364	777	21	pound	pound	NN
29364	777	22	sterling	sterling	NN
29364	777	23	on	on	IN
29364	777	24	the	the	DT
29364	777	25	whole	whole	JJ
29364	777	26	amount	amount	NN
29364	777	27	of	of	IN
29364	777	28	the	the	DT
29364	777	29	shipment	shipment	NN
29364	777	30	.	.	.
29364	778	1	In	in	IN
29364	778	2	May	May	NNP
29364	778	3	,	,	,
29364	778	4	the	the	DT
29364	778	5	lard	lard	NN
29364	778	6	bills	bill	NNS
29364	778	7	will	will	MD
29364	778	8	come	come	VB
29364	778	9	in	in	RP
29364	778	10	to	to	IN
29364	778	11	him	-PRON-	PRP
29364	778	12	,	,	,
29364	778	13	and	and	CC
29364	778	14	he	-PRON-	PRP
29364	778	15	will	will	MD
29364	778	16	pay	pay	VB
29364	778	17	for	for	IN
29364	778	18	them	-PRON-	PRP
29364	778	19	at	at	IN
29364	778	20	a	a	DT
29364	778	21	rate	rate	NN
29364	778	22	of	of	IN
29364	778	23	4.86	4.86	CD
29364	778	24	-	-	SYM
29364	778	25	1/2	1/2	CD
29364	778	26	,	,	,
29364	778	27	turning	turn	VBG
29364	778	28	around	around	RP
29364	778	29	and	and	CC
29364	778	30	delivering	deliver	VBG
29364	778	31	his	-PRON-	PRP$
29364	778	32	own	own	JJ
29364	778	33	draft	draft	NN
29364	778	34	against	against	IN
29364	778	35	them	-PRON-	PRP
29364	778	36	at	at	IN
29364	778	37	4.87	4.87	CD
29364	778	38	.	.	.
29364	779	1	Selling	sell	VBG
29364	779	2	futures	future	NNS
29364	779	3	against	against	IN
29364	779	4	futures	future	NNS
29364	779	5	is	be	VBZ
29364	779	6	not	not	RB
29364	779	7	the	the	DT
29364	779	8	easiest	easy	JJS
29364	779	9	form	form	NN
29364	779	10	of	of	IN
29364	779	11	foreign	foreign	JJ
29364	779	12	exchange	exchange	NN
29364	779	13	business	business	NN
29364	779	14	to	to	TO
29364	779	15	put	put	VB
29364	779	16	through	through	RP
29364	779	17	,	,	,
29364	779	18	but	but	CC
29364	779	19	when	when	WRB
29364	779	20	a	a	DT
29364	779	21	house	house	NN
29364	779	22	has	have	VBZ
29364	779	23	a	a	DT
29364	779	24	large	large	JJ
29364	779	25	number	number	NN
29364	779	26	of	of	IN
29364	779	27	commercial	commercial	JJ
29364	779	28	exporters	exporter	NNS
29364	779	29	among	among	IN
29364	779	30	its	-PRON-	PRP$
29364	779	31	clients	client	NNS
29364	779	32	there	there	EX
29364	779	33	are	be	VBP
29364	779	34	generally	generally	RB
29364	779	35	to	to	TO
29364	779	36	be	be	VB
29364	779	37	found	find	VBN
29364	779	38	among	among	IN
29364	779	39	them	-PRON-	PRP
29364	779	40	some	some	DT
29364	779	41	who	who	WP
29364	779	42	want	want	VBP
29364	779	43	to	to	TO
29364	779	44	sell	sell	VB
29364	779	45	their	-PRON-	PRP$
29364	779	46	exchange	exchange	NN
29364	779	47	for	for	IN
29364	779	48	future	future	JJ
29364	779	49	delivery	delivery	NN
29364	779	50	.	.	.
29364	780	1	As	as	IN
29364	780	2	to	to	IN
29364	780	3	the	the	DT
29364	780	4	buyer	buyer	NN
29364	780	5	of	of	IN
29364	780	6	the	the	DT
29364	780	7	banker	banker	NN
29364	780	8	's	's	POS
29364	780	9	"	"	``
29364	780	10	future	future	NN
29364	780	11	,	,	,
29364	780	12	"	"	''
29364	780	13	such	such	PDT
29364	780	14	a	a	DT
29364	780	15	buyer	buyer	NN
29364	780	16	might	may	MD
29364	780	17	be	be	VB
29364	780	18	,	,	,
29364	780	19	for	for	IN
29364	780	20	instance	instance	NN
29364	780	21	,	,	,
29364	780	22	another	another	DT
29364	780	23	banker	banker	NN
29364	780	24	who	who	WP
29364	780	25	had	have	VBD
29364	780	26	sold	sell	VBN
29364	780	27	finance	finance	NN
29364	780	28	-	-	HYPH
29364	780	29	bills	bill	NNS
29364	780	30	and	and	CC
29364	780	31	wants	want	VBZ
29364	780	32	to	to	TO
29364	780	33	limit	limit	VB
29364	780	34	the	the	DT
29364	780	35	cost	cost	NN
29364	780	36	of	of	IN
29364	780	37	"	"	``
29364	780	38	covering	cover	VBG
29364	780	39	"	"	''
29364	780	40	them	-PRON-	PRP
29364	780	41	.	.	.
29364	781	1	The	the	DT
29364	781	2	foregoing	foregoing	NN
29364	781	3	examples	example	NNS
29364	781	4	of	of	IN
29364	781	5	dealing	deal	VBG
29364	781	6	in	in	RP
29364	781	7	futures	future	NNS
29364	781	8	are	be	VBP
29364	781	9	merely	merely	RB
29364	781	10	examples	example	NNS
29364	781	11	of	of	IN
29364	781	12	how	how	WRB
29364	781	13	futures	future	NNS
29364	781	14	may	may	MD
29364	781	15	figure	figure	VB
29364	781	16	in	in	IN
29364	781	17	every	every	DT
29364	781	18	-	-	HYPH
29364	781	19	day	day	NN
29364	781	20	exchange	exchange	NN
29364	781	21	transactions	transaction	NNS
29364	781	22	.	.	.
29364	782	1	Like	like	IN
29364	782	2	operations	operation	NNS
29364	782	3	in	in	IN
29364	782	4	exchange	exchange	NN
29364	782	5	arbitrage	arbitrage	NN
29364	782	6	,	,	,
29364	782	7	there	there	EX
29364	782	8	is	be	VBZ
29364	782	9	no	no	DT
29364	782	10	limit	limit	NN
29364	782	11	to	to	IN
29364	782	12	the	the	DT
29364	782	13	number	number	NN
29364	782	14	of	of	IN
29364	782	15	kinds	kind	NNS
29364	782	16	of	of	IN
29364	782	17	business	business	NN
29364	782	18	in	in	IN
29364	782	19	which	which	WDT
29364	782	20	"	"	``
29364	782	21	futures	future	NNS
29364	782	22	"	"	''
29364	782	23	may	may	MD
29364	782	24	figure	figure	VB
29364	782	25	.	.	.
29364	783	1	They	-PRON-	PRP
29364	783	2	are	be	VBP
29364	783	3	a	a	DT
29364	783	4	much	much	RB
29364	783	5	abused	abused	JJ
29364	783	6	institution	institution	NN
29364	783	7	,	,	,
29364	783	8	but	but	CC
29364	783	9	are	be	VBP
29364	783	10	a	a	DT
29364	783	11	vital	vital	JJ
29364	783	12	factor	factor	NN
29364	783	13	in	in	IN
29364	783	14	modern	modern	JJ
29364	783	15	methods	method	NNS
29364	783	16	of	of	IN
29364	783	17	transacting	transact	VBG
29364	783	18	foreign	foreign	JJ
29364	783	19	exchange	exchange	NN
29364	783	20	business	business	NN
29364	783	21	.	.	.
29364	784	1	The	the	DT
29364	784	2	foregoing	foregoing	NN
29364	784	3	are	be	VBP
29364	784	4	the	the	DT
29364	784	5	main	main	JJ
29364	784	6	forms	form	NNS
29364	784	7	of	of	IN
29364	784	8	activity	activity	NN
29364	784	9	of	of	IN
29364	784	10	the	the	DT
29364	784	11	average	average	JJ
29364	784	12	foreign	foreign	JJ
29364	784	13	department	department	NN
29364	784	14	,	,	,
29364	784	15	though	though	IN
29364	784	16	there	there	EX
29364	784	17	are	be	VBP
29364	784	18	,	,	,
29364	784	19	of	of	IN
29364	784	20	course	course	NN
29364	784	21	,	,	,
29364	784	22	many	many	JJ
29364	784	23	other	other	JJ
29364	784	24	ways	way	NNS
29364	784	25	of	of	IN
29364	784	26	making	make	VBG
29364	784	27	money	money	NN
29364	784	28	out	out	IN
29364	784	29	of	of	IN
29364	784	30	foreign	foreign	JJ
29364	784	31	exchange	exchange	NN
29364	784	32	.	.	.
29364	785	1	The	the	DT
29364	785	2	business	business	NN
29364	785	3	of	of	IN
29364	785	4	granting	grant	VBG
29364	785	5	commercial	commercial	JJ
29364	785	6	credits	credit	NNS
29364	785	7	,	,	,
29364	785	8	the	the	DT
29364	785	9	exporting	export	VBG
29364	785	10	and	and	CC
29364	785	11	importing	importing	NN
29364	785	12	of	of	IN
29364	785	13	gold	gold	NN
29364	785	14	and	and	CC
29364	785	15	the	the	DT
29364	785	16	business	business	NN
29364	785	17	of	of	IN
29364	785	18	international	international	JJ
29364	785	19	trading	trading	NN
29364	785	20	in	in	IN
29364	785	21	securities	security	NNS
29364	785	22	will	will	MD
29364	785	23	be	be	VB
29364	785	24	taken	take	VBN
29364	785	25	up	up	RP
29364	785	26	separately	separately	RB
29364	785	27	in	in	IN
29364	785	28	following	follow	VBG
29364	785	29	chapters	chapter	NNS
29364	785	30	.	.	.
29364	786	1	CHAPTER	chapter	NN
29364	786	2	VII	vii	NN
29364	786	3	GOLD	GOLD	VBD
29364	786	4	EXPORTS	export	NNS
29364	786	5	AND	and	CC
29364	786	6	IMPORTS	imports	IN
29364	786	7	Gold	gold	NN
29364	786	8	exports	export	NNS
29364	786	9	and	and	CC
29364	786	10	imports	import	NNS
29364	786	11	,	,	,
29364	786	12	while	while	IN
29364	786	13	not	not	RB
29364	786	14	constituting	constitute	VBG
29364	786	15	any	any	DT
29364	786	16	great	great	JJ
29364	786	17	part	part	NN
29364	786	18	of	of	IN
29364	786	19	the	the	DT
29364	786	20	activity	activity	NN
29364	786	21	of	of	IN
29364	786	22	the	the	DT
29364	786	23	average	average	JJ
29364	786	24	foreign	foreign	JJ
29364	786	25	department	department	NN
29364	786	26	,	,	,
29364	786	27	are	be	VBP
29364	786	28	nevertheless	nevertheless	RB
29364	786	29	a	a	DT
29364	786	30	factor	factor	NN
29364	786	31	of	of	IN
29364	786	32	vital	vital	JJ
29364	786	33	importance	importance	NN
29364	786	34	in	in	IN
29364	786	35	determining	determine	VBG
29364	786	36	the	the	DT
29364	786	37	movement	movement	NN
29364	786	38	of	of	IN
29364	786	39	exchange	exchange	NNP
29364	786	40	.	.	.
29364	787	1	The	the	DT
29364	787	2	loss	loss	NN
29364	787	3	of	of	IN
29364	787	4	gold	gold	NN
29364	787	5	,	,	,
29364	787	6	in	in	IN
29364	787	7	quantity	quantity	NN
29364	787	8	,	,	,
29364	787	9	by	by	IN
29364	787	10	some	some	DT
29364	787	11	market	market	NN
29364	787	12	may	may	MD
29364	787	13	bring	bring	VB
29364	787	14	about	about	RP
29364	787	15	money	money	NN
29364	787	16	conditions	condition	NNS
29364	787	17	resulting	result	VBG
29364	787	18	in	in	IN
29364	787	19	very	very	RB
29364	787	20	violent	violent	JJ
29364	787	21	movements	movement	NNS
29364	787	22	of	of	IN
29364	787	23	exchange	exchange	NN
29364	787	24	;	;	:
29364	787	25	or	or	CC
29364	787	26	,	,	,
29364	787	27	on	on	IN
29364	787	28	the	the	DT
29364	787	29	other	other	JJ
29364	787	30	hand	hand	NN
29364	787	31	,	,	,
29364	787	32	such	such	JJ
29364	787	33	movements	movement	NNS
29364	787	34	may	may	MD
29364	787	35	be	be	VB
29364	787	36	caused	cause	VBN
29364	787	37	by	by	IN
29364	787	38	the	the	DT
29364	787	39	efforts	effort	NNS
29364	787	40	of	of	IN
29364	787	41	the	the	DT
29364	787	42	controlling	control	VBG
29364	787	43	financial	financial	JJ
29364	787	44	interests	interest	NNS
29364	787	45	in	in	IN
29364	787	46	some	some	DT
29364	787	47	market	market	NN
29364	787	48	to	to	TO
29364	787	49	attract	attract	VB
29364	787	50	gold	gold	NN
29364	787	51	.	.	.
29364	788	1	The	the	DT
29364	788	2	movement	movement	NN
29364	788	3	of	of	IN
29364	788	4	exchange	exchange	NN
29364	788	5	and	and	CC
29364	788	6	the	the	DT
29364	788	7	movement	movement	NN
29364	788	8	of	of	IN
29364	788	9	gold	gold	NN
29364	788	10	are	be	VBP
29364	788	11	absolutely	absolutely	RB
29364	788	12	dependent	dependent	JJ
29364	788	13	one	one	CD
29364	788	14	on	on	IN
29364	788	15	the	the	DT
29364	788	16	other	other	JJ
29364	788	17	.	.	.
29364	789	1	Considering	consider	VBG
29364	789	2	broadly	broadly	RB
29364	789	3	this	this	DT
29364	789	4	question	question	NN
29364	789	5	of	of	IN
29364	789	6	the	the	DT
29364	789	7	movement	movement	NN
29364	789	8	of	of	IN
29364	789	9	gold	gold	NN
29364	789	10	,	,	,
29364	789	11	it	-PRON-	PRP
29364	789	12	is	be	VBZ
29364	789	13	to	to	TO
29364	789	14	be	be	VB
29364	789	15	borne	bear	VBN
29364	789	16	in	in	IN
29364	789	17	mind	mind	NN
29364	789	18	that	that	IN
29364	789	19	by	by	IN
29364	789	20	far	far	RB
29364	789	21	the	the	DT
29364	789	22	greater	great	JJR
29364	789	23	part	part	NN
29364	789	24	of	of	IN
29364	789	25	the	the	DT
29364	789	26	world	world	NN
29364	789	27	's	's	POS
29364	789	28	production	production	NN
29364	789	29	of	of	IN
29364	789	30	the	the	DT
29364	789	31	precious	precious	JJ
29364	789	32	metal	metal	NN
29364	789	33	takes	take	VBZ
29364	789	34	place	place	NN
29364	789	35	in	in	IN
29364	789	36	countries	country	NNS
29364	789	37	ranking	rank	VBG
29364	789	38	very	very	RB
29364	789	39	low	low	JJ
29364	789	40	as	as	IN
29364	789	41	to	to	IN
29364	789	42	banking	banking	NN
29364	789	43	importance	importance	NN
29364	789	44	.	.	.
29364	790	1	The	the	DT
29364	790	2	United	United	NNP
29364	790	3	States	States	NNP
29364	790	4	,	,	,
29364	790	5	is	be	VBZ
29364	790	6	indeed	indeed	RB
29364	790	7	,	,	,
29364	790	8	the	the	DT
29364	790	9	only	only	JJ
29364	790	10	first	first	JJ
29364	790	11	-	-	HYPH
29364	790	12	class	class	NN
29364	790	13	financial	financial	JJ
29364	790	14	power	power	NN
29364	790	15	in	in	IN
29364	790	16	which	which	WDT
29364	790	17	any	any	DT
29364	790	18	very	very	RB
29364	790	19	considerable	considerable	JJ
29364	790	20	proportion	proportion	NN
29364	790	21	of	of	IN
29364	790	22	the	the	DT
29364	790	23	world	world	NN
29364	790	24	's	's	POS
29364	790	25	gold	gold	NN
29364	790	26	is	be	VBZ
29364	790	27	produced	produce	VBN
29364	790	28	.	.	.
29364	791	1	Excepting	except	VBG
29364	791	2	the	the	DT
29364	791	3	ninety	ninety	CD
29364	791	4	million	million	CD
29364	791	5	dollars	dollar	NNS
29364	791	6	of	of	IN
29364	791	7	gold	gold	NN
29364	791	8	produced	produce	VBN
29364	791	9	in	in	IN
29364	791	10	the	the	DT
29364	791	11	United	United	NNP
29364	791	12	States	States	NNP
29364	791	13	in	in	IN
29364	791	14	1908	1908	CD
29364	791	15	,	,	,
29364	791	16	nearly	nearly	RB
29364	791	17	all	all	DT
29364	791	18	of	of	IN
29364	791	19	the	the	DT
29364	791	20	total	total	JJ
29364	791	21	production	production	NN
29364	791	22	of	of	IN
29364	791	23	430	430	CD
29364	791	24	million	million	CD
29364	791	25	dollars	dollar	NNS
29364	791	26	for	for	IN
29364	791	27	that	that	DT
29364	791	28	year	year	NN
29364	791	29	was	be	VBD
29364	791	30	taken	take	VBN
29364	791	31	out	out	IN
29364	791	32	of	of	IN
29364	791	33	the	the	DT
29364	791	34	ground	ground	NN
29364	791	35	in	in	IN
29364	791	36	places	place	NNS
29364	791	37	where	where	WRB
29364	791	38	there	there	EX
29364	791	39	exists	exist	VBZ
29364	791	40	but	but	CC
29364	791	41	the	the	DT
29364	791	42	slightest	slight	JJS
29364	791	43	demand	demand	NN
29364	791	44	for	for	IN
29364	791	45	it	-PRON-	PRP
29364	791	46	for	for	IN
29364	791	47	use	use	NN
29364	791	48	in	in	IN
29364	791	49	banking	banking	NN
29364	791	50	or	or	CC
29364	791	51	the	the	DT
29364	791	52	arts	art	NNS
29364	791	53	.	.	.
29364	792	1	That	that	IN
29364	792	2	being	be	VBG
29364	792	3	the	the	DT
29364	792	4	case	case	NN
29364	792	5	,	,	,
29364	792	6	it	-PRON-	PRP
29364	792	7	follows	follow	VBZ
29364	792	8	that	that	IN
29364	792	9	there	there	EX
29364	792	10	is	be	VBZ
29364	792	11	to	to	TO
29364	792	12	be	be	VB
29364	792	13	considered	consider	VBN
29364	792	14	,	,	,
29364	792	15	first	first	RB
29364	792	16	,	,	,
29364	792	17	the	the	DT
29364	792	18	_	_	NNP
29364	792	19	primary	primary	NN
29364	792	20	_	_	NNP
29364	792	21	movement	movement	NN
29364	792	22	of	of	IN
29364	792	23	nearly	nearly	RB
29364	792	24	all	all	PDT
29364	792	25	the	the	DT
29364	792	26	gold	gold	NN
29364	792	27	produced	produce	VBN
29364	792	28	--	--	:
29364	792	29	the	the	DT
29364	792	30	movement	movement	NN
29364	792	31	from	from	IN
29364	792	32	the	the	DT
29364	792	33	mines	mine	NNS
29364	792	34	to	to	IN
29364	792	35	the	the	DT
29364	792	36	great	great	JJ
29364	792	37	financial	financial	JJ
29364	792	38	centers	center	NNS
29364	792	39	.	.	.
29364	793	1	Considering	consider	VBG
29364	793	2	that	that	IN
29364	793	3	over	over	IN
29364	793	4	half	half	PDT
29364	793	5	the	the	DT
29364	793	6	gold	gold	NN
29364	793	7	taken	take	VBN
29364	793	8	out	out	IN
29364	793	9	of	of	IN
29364	793	10	the	the	DT
29364	793	11	ground	ground	NN
29364	793	12	each	each	DT
29364	793	13	year	year	NN
29364	793	14	is	be	VBZ
29364	793	15	mined	mine	VBN
29364	793	16	in	in	IN
29364	793	17	British	british	JJ
29364	793	18	possessions	possession	NNS
29364	793	19	,	,	,
29364	793	20	it	-PRON-	PRP
29364	793	21	is	be	VBZ
29364	793	22	only	only	RB
29364	793	23	natural	natural	JJ
29364	793	24	that	that	IN
29364	793	25	London	London	NNP
29364	793	26	should	should	MD
29364	793	27	be	be	VB
29364	793	28	the	the	DT
29364	793	29	greatest	great	JJS
29364	793	30	distributive	distributive	JJ
29364	793	31	point	point	NN
29364	793	32	.	.	.
29364	794	1	Such	such	JJ
29364	794	2	is	be	VBZ
29364	794	3	the	the	DT
29364	794	4	case	case	NN
29364	794	5	.	.	.
29364	795	1	Ownership	ownership	NN
29364	795	2	of	of	IN
29364	795	3	the	the	DT
29364	795	4	mines	mine	NNS
29364	795	5	which	which	WDT
29364	795	6	produce	produce	VBP
29364	795	7	most	most	JJS
29364	795	8	of	of	IN
29364	795	9	the	the	DT
29364	795	10	world	world	NN
29364	795	11	's	's	POS
29364	795	12	gold	gold	NN
29364	795	13	is	be	VBZ
29364	795	14	held	hold	VBN
29364	795	15	in	in	IN
29364	795	16	London	London	NNP
29364	795	17	,	,	,
29364	795	18	and	and	CC
29364	795	19	so	so	RB
29364	795	20	it	-PRON-	PRP
29364	795	21	is	be	VBZ
29364	795	22	to	to	IN
29364	795	23	the	the	DT
29364	795	24	British	british	JJ
29364	795	25	capital	capital	NN
29364	795	26	that	that	WDT
29364	795	27	most	most	JJS
29364	795	28	of	of	IN
29364	795	29	the	the	DT
29364	795	30	world	world	NN
29364	795	31	's	's	POS
29364	795	32	gold	gold	NN
29364	795	33	comes	come	VBZ
29364	795	34	after	after	IN
29364	795	35	it	-PRON-	PRP
29364	795	36	has	have	VBZ
29364	795	37	been	be	VBN
29364	795	38	taken	take	VBN
29364	795	39	out	out	IN
29364	795	40	of	of	IN
29364	795	41	the	the	DT
29364	795	42	ground	ground	NN
29364	795	43	.	.	.
29364	796	1	By	by	IN
29364	796	2	every	every	DT
29364	796	3	steamer	steamer	NN
29364	796	4	arriving	arrive	VBG
29364	796	5	from	from	IN
29364	796	6	Australia	Australia	NNP
29364	796	7	and	and	CC
29364	796	8	South	South	NNP
29364	796	9	Africa	Africa	NNP
29364	796	10	great	great	JJ
29364	796	11	quantities	quantity	NNS
29364	796	12	of	of	IN
29364	796	13	the	the	DT
29364	796	14	metal	metal	NN
29364	796	15	are	be	VBP
29364	796	16	carried	carry	VBN
29364	796	17	to	to	IN
29364	796	18	London	London	NNP
29364	796	19	,	,	,
29364	796	20	there	there	RB
29364	796	21	to	to	TO
29364	796	22	be	be	VB
29364	796	23	disposed	dispose	VBN
29364	796	24	of	of	IN
29364	796	25	at	at	IN
29364	796	26	the	the	DT
29364	796	27	best	good	JJS
29364	796	28	price	price	NN
29364	796	29	available	available	JJ
29364	796	30	.	.	.
29364	797	1	For	for	IN
29364	797	2	raw	raw	JJ
29364	797	3	gold	gold	NN
29364	797	4	,	,	,
29364	797	5	like	like	IN
29364	797	6	raw	raw	JJ
29364	797	7	copper	copper	NN
29364	797	8	or	or	CC
29364	797	9	raw	raw	JJ
29364	797	10	iron	iron	NN
29364	797	11	,	,	,
29364	797	12	has	have	VBZ
29364	797	13	a	a	DT
29364	797	14	price	price	NN
29364	797	15	.	.	.
29364	798	1	Under	under	IN
29364	798	2	the	the	DT
29364	798	3	English	english	JJ
29364	798	4	banking	banking	NN
29364	798	5	law	law	NN
29364	798	6	,	,	,
29364	798	7	it	-PRON-	PRP
29364	798	8	is	be	VBZ
29364	798	9	true	true	JJ
29364	798	10	,	,	,
29364	798	11	the	the	DT
29364	798	12	Bank	Bank	NNP
29364	798	13	of	of	IN
29364	798	14	England	England	NNP
29364	798	15	_	_	NNP
29364	798	16	must	must	MD
29364	798	17	_	_	NNP
29364	798	18	buy	buy	VB
29364	798	19	at	at	IN
29364	798	20	the	the	DT
29364	798	21	rate	rate	NN
29364	798	22	of	of	IN
29364	798	23	seventy	seventy	CD
29364	798	24	-	-	HYPH
29364	798	25	seven	seven	CD
29364	798	26	shillings	shilling	NNS
29364	798	27	nine	nine	CD
29364	798	28	pence	penny	NNS
29364	798	29	per	per	IN
29364	798	30	ounce	ounce	NN
29364	798	31	all	all	PDT
29364	798	32	the	the	DT
29364	798	33	gold	gold	NN
29364	798	34	of	of	IN
29364	798	35	standard	standard	NN
29364	798	36	(	(	-LRB-
29364	798	37	.916	.916	CD
29364	798	38	-	-	HYPH
29364	798	39	2/3	2/3	CD
29364	798	40	)	)	-RRB-
29364	798	41	fineness	fineness	NN
29364	798	42	which	which	WDT
29364	798	43	may	may	MD
29364	798	44	be	be	VB
29364	798	45	offered	offer	VBN
29364	798	46	it	-PRON-	PRP
29364	798	47	,	,	,
29364	798	48	but	but	CC
29364	798	49	that	that	IN
29364	798	50	establishes	establish	VBZ
29364	798	51	merely	merely	RB
29364	798	52	a	a	DT
29364	798	53	minimum	minimum	NN
29364	798	54	--	--	:
29364	798	55	there	there	EX
29364	798	56	is	be	VBZ
29364	798	57	no	no	DT
29364	798	58	limit	limit	NN
29364	798	59	the	the	DT
29364	798	60	other	other	JJ
29364	798	61	way	way	NN
29364	798	62	to	to	TO
29364	798	63	which	which	WDT
29364	798	64	the	the	DT
29364	798	65	price	price	NN
29364	798	66	of	of	IN
29364	798	67	the	the	DT
29364	798	68	metal	metal	NN
29364	798	69	may	may	MD
29364	798	70	not	not	RB
29364	798	71	be	be	VB
29364	798	72	driven	drive	VBN
29364	798	73	under	under	IN
29364	798	74	sufficiently	sufficiently	RB
29364	798	75	urgent	urgent	JJ
29364	798	76	bidding	bidding	NN
29364	798	77	.	.	.
29364	799	1	The	the	DT
29364	799	2	distribution	distribution	NN
29364	799	3	of	of	IN
29364	799	4	the	the	DT
29364	799	5	raw	raw	JJ
29364	799	6	gold	gold	NN
29364	799	7	is	be	VBZ
29364	799	8	effected	effect	VBN
29364	799	9	as	as	IN
29364	799	10	follows	follow	VBZ
29364	799	11	:	:	:
29364	799	12	Each	each	DT
29364	799	13	Monday	Monday	NNP
29364	799	14	morning	morning	NN
29364	799	15	there	there	EX
29364	799	16	is	be	VBZ
29364	799	17	held	hold	VBN
29364	799	18	an	an	DT
29364	799	19	auction	auction	NN
29364	799	20	at	at	IN
29364	799	21	which	which	WDT
29364	799	22	are	be	VBP
29364	799	23	present	present	JJ
29364	799	24	all	all	PDT
29364	799	25	the	the	DT
29364	799	26	representatives	representative	NNS
29364	799	27	of	of	IN
29364	799	28	home	home	NN
29364	799	29	or	or	CC
29364	799	30	foreign	foreign	JJ
29364	799	31	banks	bank	NNS
29364	799	32	who	who	WP
29364	799	33	may	may	MD
29364	799	34	be	be	VB
29364	799	35	in	in	IN
29364	799	36	the	the	DT
29364	799	37	market	market	NN
29364	799	38	for	for	IN
29364	799	39	gold	gold	NN
29364	799	40	.	.	.
29364	800	1	These	these	DT
29364	800	2	representatives	representative	NNS
29364	800	3	,	,	,
29364	800	4	fully	fully	RB
29364	800	5	apprised	apprise	VBN
29364	800	6	of	of	IN
29364	800	7	the	the	DT
29364	800	8	amount	amount	NN
29364	800	9	of	of	IN
29364	800	10	the	the	DT
29364	800	11	metal	metal	NN
29364	800	12	which	which	WDT
29364	800	13	has	have	VBZ
29364	800	14	arrived	arrive	VBN
29364	800	15	during	during	IN
29364	800	16	the	the	DT
29364	800	17	preceding	precede	VBG
29364	800	18	week	week	NN
29364	800	19	and	and	CC
29364	800	20	which	which	WDT
29364	800	21	is	be	VBZ
29364	800	22	to	to	TO
29364	800	23	be	be	VB
29364	800	24	sold	sell	VBN
29364	800	25	,	,	,
29364	800	26	know	know	VB
29364	800	27	exactly	exactly	RB
29364	800	28	how	how	WRB
29364	800	29	much	much	RB
29364	800	30	they	-PRON-	PRP
29364	800	31	can	can	MD
29364	800	32	bid	bid	VB
29364	800	33	.	.	.
29364	801	1	The	the	DT
29364	801	2	gold	gold	NN
29364	801	3	,	,	,
29364	801	4	therefore	therefore	RB
29364	801	5	,	,	,
29364	801	6	is	be	VBZ
29364	801	7	sold	sell	VBN
29364	801	8	at	at	IN
29364	801	9	the	the	DT
29364	801	10	best	good	JJS
29364	801	11	possible	possible	JJ
29364	801	12	price	price	NN
29364	801	13	,	,	,
29364	801	14	and	and	CC
29364	801	15	finds	find	VBZ
29364	801	16	its	-PRON-	PRP$
29364	801	17	way	way	NN
29364	801	18	to	to	IN
29364	801	19	that	that	DT
29364	801	20	point	point	NN
29364	801	21	where	where	WRB
29364	801	22	the	the	DT
29364	801	23	greatest	great	JJS
29364	801	24	urgency	urgency	NN
29364	801	25	of	of	IN
29364	801	26	demand	demand	NN
29364	801	27	exists	exist	VBZ
29364	801	28	.	.	.
29364	802	1	It	-PRON-	PRP
29364	802	2	may	may	MD
29364	802	3	be	be	VB
29364	802	4	Paris	Paris	NNP
29364	802	5	or	or	CC
29364	802	6	Berlin	Berlin	NNP
29364	802	7	,	,	,
29364	802	8	or	or	CC
29364	802	9	it	-PRON-	PRP
29364	802	10	may	may	MD
29364	802	11	be	be	VB
29364	802	12	the	the	DT
29364	802	13	Bank	Bank	NNP
29364	802	14	of	of	IN
29364	802	15	England	England	NNP
29364	802	16	.	.	.
29364	803	1	According	accord	VBG
29364	803	2	as	as	IN
29364	803	3	the	the	DT
29364	803	4	representatives	representative	NNS
29364	803	5	present	present	JJ
29364	803	6	at	at	IN
29364	803	7	the	the	DT
29364	803	8	auction	auction	NN
29364	803	9	may	may	MD
29364	803	10	bid	bid	VB
29364	803	11	,	,	,
29364	803	12	the	the	DT
29364	803	13	disposition	disposition	NN
29364	803	14	of	of	IN
29364	803	15	the	the	DT
29364	803	16	gold	gold	NN
29364	803	17	is	be	VBZ
29364	803	18	determined	determine	VBN
29364	803	19	.	.	.
29364	804	1	The	the	DT
29364	804	2	_	_	NNP
29364	804	3	primary	primary	NN
29364	804	4	_	_	NNP
29364	804	5	disposition	disposition	NN
29364	804	6	.	.	.
29364	805	1	For	for	IN
29364	805	2	the	the	DT
29364	805	3	fact	fact	NN
29364	805	4	that	that	IN
29364	805	5	Berlin	Berlin	NNP
29364	805	6	,	,	,
29364	805	7	for	for	IN
29364	805	8	instance	instance	NN
29364	805	9	,	,	,
29364	805	10	obtains	obtain	VBZ
29364	805	11	the	the	DT
29364	805	12	bulk	bulk	NN
29364	805	13	of	of	IN
29364	805	14	the	the	DT
29364	805	15	gold	gold	NN
29364	805	16	auctioned	auction	VBD
29364	805	17	off	off	RP
29364	805	18	on	on	IN
29364	805	19	any	any	DT
29364	805	20	given	give	VBN
29364	805	21	Monday	Monday	NNP
29364	805	22	by	by	IN
29364	805	23	no	no	DT
29364	805	24	means	means	NN
29364	805	25	proves	prove	VBZ
29364	805	26	that	that	IN
29364	805	27	the	the	DT
29364	805	28	gold	gold	NN
29364	805	29	is	be	VBZ
29364	805	30	going	go	VBG
29364	805	31	to	to	TO
29364	805	32	remain	remain	VB
29364	805	33	for	for	IN
29364	805	34	any	any	DT
29364	805	35	length	length	NN
29364	805	36	of	of	IN
29364	805	37	time	time	NN
29364	805	38	in	in	IN
29364	805	39	Berlin	Berlin	NNP
29364	805	40	.	.	.
29364	806	1	For	for	IN
29364	806	2	some	some	DT
29364	806	3	reason	reason	NN
29364	806	4	,	,	,
29364	806	5	in	in	IN
29364	806	6	that	that	DT
29364	806	7	particular	particular	JJ
29364	806	8	case	case	NN
29364	806	9	,	,	,
29364	806	10	the	the	DT
29364	806	11	representatives	representative	NNS
29364	806	12	of	of	IN
29364	806	13	the	the	DT
29364	806	14	German	german	JJ
29364	806	15	banks	bank	NNS
29364	806	16	had	have	VBD
29364	806	17	been	be	VBN
29364	806	18	instructed	instruct	VBN
29364	806	19	to	to	TO
29364	806	20	bid	bid	VB
29364	806	21	a	a	DT
29364	806	22	price	price	NN
29364	806	23	for	for	IN
29364	806	24	the	the	DT
29364	806	25	gold	gold	NN
29364	806	26	which	which	WDT
29364	806	27	would	would	MD
29364	806	28	bring	bring	VB
29364	806	29	it	-PRON-	PRP
29364	806	30	to	to	IN
29364	806	31	Berlin	Berlin	NNP
29364	806	32	,	,	,
29364	806	33	but	but	CC
29364	806	34	the	the	DT
29364	806	35	conditions	condition	NNS
29364	806	36	furnishing	furnish	VBG
29364	806	37	the	the	DT
29364	806	38	motive	motive	NN
29364	806	39	for	for	IN
29364	806	40	such	such	PDT
29364	806	41	a	a	DT
29364	806	42	move	move	NN
29364	806	43	may	may	MD
29364	806	44	remain	remain	VB
29364	806	45	operative	operative	JJ
29364	806	46	only	only	RB
29364	806	47	a	a	DT
29364	806	48	short	short	JJ
29364	806	49	time	time	NN
29364	806	50	and	and	CC
29364	806	51	the	the	DT
29364	806	52	need	need	NN
29364	806	53	for	for	IN
29364	806	54	the	the	DT
29364	806	55	metal	metal	NN
29364	806	56	pass	pass	VB
29364	806	57	away	away	RB
29364	806	58	with	with	IN
29364	806	59	them	-PRON-	PRP
29364	806	60	.	.	.
29364	807	1	Quarterly	quarterly	JJ
29364	807	2	settlements	settlement	NNS
29364	807	3	in	in	IN
29364	807	4	Berlin	Berlin	NNP
29364	807	5	or	or	CC
29364	807	6	the	the	DT
29364	807	7	flotation	flotation	NN
29364	807	8	of	of	IN
29364	807	9	a	a	DT
29364	807	10	Russian	russian	JJ
29364	807	11	loan	loan	NN
29364	807	12	in	in	IN
29364	807	13	Paris	Paris	NNP
29364	807	14	,	,	,
29364	807	15	for	for	IN
29364	807	16	instance	instance	NN
29364	807	17	,	,	,
29364	807	18	might	may	MD
29364	807	19	be	be	VB
29364	807	20	enough	enough	JJ
29364	807	21	to	to	TO
29364	807	22	make	make	VB
29364	807	23	the	the	DT
29364	807	24	German	german	JJ
29364	807	25	and	and	CC
29364	807	26	French	french	JJ
29364	807	27	banks	bank	NNS
29364	807	28	'	'	POS
29364	807	29	representatives	representative	NNS
29364	807	30	go	go	VBP
29364	807	31	in	in	RB
29364	807	32	and	and	CC
29364	807	33	bid	bid	VB
29364	807	34	high	high	RB
29364	807	35	enough	enough	RB
29364	807	36	to	to	TO
29364	807	37	get	get	VB
29364	807	38	the	the	DT
29364	807	39	new	new	JJ
29364	807	40	gold	gold	NN
29364	807	41	,	,	,
29364	807	42	but	but	CC
29364	807	43	with	with	IN
29364	807	44	the	the	DT
29364	807	45	passing	passing	NN
29364	807	46	of	of	IN
29364	807	47	the	the	DT
29364	807	48	quarter	quarter	NN
29364	807	49	's	's	POS
29364	807	50	end	end	NN
29364	807	51	or	or	CC
29364	807	52	the	the	DT
29364	807	53	successful	successful	JJ
29364	807	54	launching	launching	NN
29364	807	55	of	of	IN
29364	807	56	the	the	DT
29364	807	57	loan	loan	NN
29364	807	58	would	would	MD
29364	807	59	pass	pass	VB
29364	807	60	the	the	DT
29364	807	61	necessity	necessity	NN
29364	807	62	for	for	IN
29364	807	63	the	the	DT
29364	807	64	gold	gold	NN
29364	807	65	,	,	,
29364	807	66	and	and	CC
29364	807	67	its	-PRON-	PRP$
29364	807	68	_	_	NNP
29364	807	69	re_-distribution	re_-distribution	NN
29364	807	70	would	would	MD
29364	807	71	begin	begin	VB
29364	807	72	.	.	.
29364	808	1	In	in	IN
29364	808	2	other	other	JJ
29364	808	3	words	word	NNS
29364	808	4	,	,	,
29364	808	5	both	both	CC
29364	808	6	the	the	DT
29364	808	7	primary	primary	JJ
29364	808	8	movement	movement	NN
29364	808	9	of	of	IN
29364	808	10	gold	gold	NN
29364	808	11	from	from	IN
29364	808	12	the	the	DT
29364	808	13	mines	mine	NNS
29364	808	14	and	and	CC
29364	808	15	the	the	DT
29364	808	16	secondary	secondary	JJ
29364	808	17	movement	movement	NN
29364	808	18	from	from	IN
29364	808	19	the	the	DT
29364	808	20	distributive	distributive	JJ
29364	808	21	centers	center	NNS
29364	808	22	are	be	VBP
29364	808	23	merely	merely	RB
29364	808	24	temporary	temporary	JJ
29364	808	25	and	and	CC
29364	808	26	show	show	VBP
29364	808	27	little	little	JJ
29364	808	28	as	as	IN
29364	808	29	to	to	IN
29364	808	30	the	the	DT
29364	808	31	final	final	JJ
29364	808	32	lodgment	lodgment	NN
29364	808	33	of	of	IN
29364	808	34	the	the	DT
29364	808	35	precious	precious	JJ
29364	808	36	metal	metal	NN
29364	808	37	.	.	.
29364	809	1	What	what	WP
29364	809	2	really	really	RB
29364	809	3	counts	count	VBZ
29364	809	4	is	be	VBZ
29364	809	5	exchange	exchange	NN
29364	809	6	conditions	condition	NNS
29364	809	7	;	;	:
29364	809	8	it	-PRON-	PRP
29364	809	9	is	be	VBZ
29364	809	10	along	along	IN
29364	809	11	the	the	DT
29364	809	12	lines	line	NNS
29364	809	13	of	of	IN
29364	809	14	the	the	DT
29364	809	15	favorable	favorable	JJ
29364	809	16	exchange	exchange	NN
29364	809	17	that	that	WDT
29364	809	18	the	the	DT
29364	809	19	great	great	JJ
29364	809	20	currents	current	NNS
29364	809	21	of	of	IN
29364	809	22	gold	gold	NN
29364	809	23	will	will	MD
29364	809	24	inevitably	inevitably	RB
29364	809	25	flow	flow	VB
29364	809	26	.	.	.
29364	810	1	For	for	IN
29364	810	2	example	example	NN
29364	810	3	,	,	,
29364	810	4	if	if	IN
29364	810	5	a	a	DT
29364	810	6	draft	draft	NN
29364	810	7	for	for	IN
29364	810	8	pounds	pound	NNS
29364	810	9	sterling	sterling	NN
29364	810	10	drawn	draw	VBN
29364	810	11	on	on	IN
29364	810	12	London	London	NNP
29364	810	13	can	can	MD
29364	810	14	be	be	VB
29364	810	15	bought	buy	VBN
29364	810	16	here	here	RB
29364	810	17	at	at	IN
29364	810	18	a	a	DT
29364	810	19	low	low	JJ
29364	810	20	rate	rate	NN
29364	810	21	of	of	IN
29364	810	22	exchange	exchange	NN
29364	810	23	,	,	,
29364	810	24	anything	anything	NN
29364	810	25	in	in	IN
29364	810	26	London	London	NNP
29364	810	27	that	that	IN
29364	810	28	the	the	DT
29364	810	29	American	american	JJ
29364	810	30	consumer	consumer	NN
29364	810	31	may	may	MD
29364	810	32	want	want	VB
29364	810	33	to	to	TO
29364	810	34	possess	possess	VB
29364	810	35	himself	-PRON-	PRP
29364	810	36	of	of	IN
29364	810	37	can	can	MD
29364	810	38	be	be	VB
29364	810	39	bought	buy	VBN
29364	810	40	cheaper	cheap	JJR
29364	810	41	than	than	IN
29364	810	42	when	when	WRB
29364	810	43	exchange	exchange	NN
29364	810	44	on	on	IN
29364	810	45	London	London	NNP
29364	810	46	is	be	VBZ
29364	810	47	high	high	JJ
29364	810	48	.	.	.
29364	811	1	The	the	DT
29364	811	2	price	price	NN
29364	811	3	of	of	IN
29364	811	4	a	a	DT
29364	811	5	hat	hat	NN
29364	811	6	in	in	IN
29364	811	7	London	London	NNP
29364	811	8	is	be	VBZ
29364	811	9	,	,	,
29364	811	10	say	say	UH
29364	811	11	,	,	,
29364	811	12	£	£	$
29364	811	13	1	1	CD
29364	811	14	.	.	.
29364	812	1	With	with	IN
29364	812	2	exchange	exchange	NN
29364	812	3	at	at	IN
29364	812	4	4.83	4.83	CD
29364	812	5	it	-PRON-	PRP
29364	812	6	will	will	MD
29364	812	7	cost	cost	VB
29364	812	8	a	a	DT
29364	812	9	buyer	buyer	NN
29364	812	10	in	in	IN
29364	812	11	New	New	NNP
29364	812	12	York	York	NNP
29364	812	13	only	only	RB
29364	812	14	$	$	$
29364	812	15	4.83	4.83	CD
29364	812	16	to	to	TO
29364	812	17	buy	buy	VB
29364	812	18	that	that	DT
29364	812	19	hat	hat	NN
29364	812	20	;	;	:
29364	812	21	if	if	IN
29364	812	22	exchange	exchange	NN
29364	812	23	were	be	VBD
29364	812	24	at	at	IN
29364	812	25	4.88	4.88	CD
29364	812	26	,	,	,
29364	812	27	it	-PRON-	PRP
29364	812	28	would	would	MD
29364	812	29	cost	cost	VB
29364	812	30	him	-PRON-	PRP
29364	812	31	$	$	$
29364	812	32	4.88	4.88	CD
29364	812	33	.	.	.
29364	813	1	Similarly	similarly	RB
29364	813	2	with	with	IN
29364	813	3	raw	raw	JJ
29364	813	4	copper	copper	NN
29364	813	5	or	or	CC
29364	813	6	raw	raw	JJ
29364	813	7	gold	gold	NN
29364	813	8	or	or	CC
29364	813	9	any	any	DT
29364	813	10	other	other	JJ
29364	813	11	commodity	commodity	NN
29364	813	12	.	.	.
29364	814	1	Given	give	VBN
29364	814	2	a	a	DT
29364	814	3	low	low	JJ
29364	814	4	rate	rate	NN
29364	814	5	of	of	IN
29364	814	6	exchange	exchange	NN
29364	814	7	on	on	IN
29364	814	8	any	any	DT
29364	814	9	point	point	NN
29364	814	10	and	and	CC
29364	814	11	it	-PRON-	PRP
29364	814	12	is	be	VBZ
29364	814	13	possible	possible	JJ
29364	814	14	for	for	IN
29364	814	15	the	the	DT
29364	814	16	outside	outside	JJ
29364	814	17	markets	market	NNS
29364	814	18	to	to	TO
29364	814	19	buy	buy	VB
29364	814	20	cheaply	cheaply	RB
29364	814	21	at	at	IN
29364	814	22	that	that	DT
29364	814	23	point	point	NN
29364	814	24	.	.	.
29364	815	1	And	and	CC
29364	815	2	a	a	DT
29364	815	3	very	very	RB
29364	815	4	little	little	JJ
29364	815	5	difference	difference	NN
29364	815	6	in	in	IN
29364	815	7	the	the	DT
29364	815	8	price	price	NN
29364	815	9	of	of	IN
29364	815	10	exchange	exchange	NN
29364	815	11	makes	make	VBZ
29364	815	12	a	a	DT
29364	815	13	very	very	RB
29364	815	14	great	great	JJ
29364	815	15	difference	difference	NN
29364	815	16	so	so	RB
29364	815	17	far	far	RB
29364	815	18	as	as	IN
29364	815	19	the	the	DT
29364	815	20	price	price	NN
29364	815	21	of	of	IN
29364	815	22	gold	gold	NN
29364	815	23	is	be	VBZ
29364	815	24	concerned	concern	VBN
29364	815	25	.	.	.
29364	816	1	As	as	IN
29364	816	2	stated	state	VBN
29364	816	3	in	in	IN
29364	816	4	a	a	DT
29364	816	5	previous	previous	JJ
29364	816	6	chapter	chapter	NN
29364	816	7	,	,	,
29364	816	8	a	a	DT
29364	816	9	new	new	JJ
29364	816	10	gold	gold	NN
29364	816	11	sovereign	sovereign	NN
29364	816	12	at	at	IN
29364	816	13	any	any	DT
29364	816	14	United	United	NNP
29364	816	15	States	States	NNP
29364	816	16	assay	assay	NNP
29364	816	17	office	office	NN
29364	816	18	can	can	MD
29364	816	19	be	be	VB
29364	816	20	converted	convert	VBN
29364	816	21	into	into	IN
29364	816	22	$	$	$
29364	816	23	4.8665	4.8665	CD
29364	816	24	,	,	,
29364	816	25	so	so	IN
29364	816	26	that	that	IN
29364	816	27	if	if	IN
29364	816	28	it	-PRON-	PRP
29364	816	29	cost	cost	VBD
29364	816	30	nothing	nothing	NN
29364	816	31	to	to	TO
29364	816	32	bring	bring	VB
29364	816	33	a	a	DT
29364	816	34	new	new	JJ
29364	816	35	sovereign	sovereign	NN
29364	816	36	over	over	RB
29364	816	37	here	here	RB
29364	816	38	,	,	,
29364	816	39	no	no	DT
29364	816	40	one	one	NN
29364	816	41	holding	hold	VBG
29364	816	42	a	a	DT
29364	816	43	draft	draft	NN
29364	816	44	for	for	IN
29364	816	45	a	a	DT
29364	816	46	pound	pound	NN
29364	816	47	(	(	-LRB-
29364	816	48	a	a	DT
29364	816	49	sovereign	sovereign	NN
29364	816	50	is	be	VBZ
29364	816	51	a	a	DT
29364	816	52	gold	gold	JJ
29364	816	53	pound	pound	NN
29364	816	54	)	)	-RRB-
29364	816	55	would	would	MD
29364	816	56	sell	sell	VB
29364	816	57	it	-PRON-	PRP
29364	816	58	for	for	IN
29364	816	59	less	less	JJR
29364	816	60	than	than	IN
29364	816	61	$	$	$
29364	816	62	4.8665	4.8665	CD
29364	816	63	,	,	,
29364	816	64	but	but	CC
29364	816	65	would	would	MD
29364	816	66	simply	simply	RB
29364	816	67	order	order	VB
29364	816	68	the	the	DT
29364	816	69	sovereign	sovereign	NN
29364	816	70	sent	send	VBN
29364	816	71	over	over	RB
29364	816	72	here	here	RB
29364	816	73	and	and	CC
29364	816	74	cash	cash	VB
29364	816	75	it	-PRON-	PRP
29364	816	76	in	in	RB
29364	816	77	for	for	IN
29364	816	78	$	$	$
29364	816	79	4.8665	4.8665	CD
29364	816	80	himself	-PRON-	PRP
29364	816	81	.	.	.
29364	817	1	Always	always	RB
29364	817	2	assuming	assume	VBG
29364	817	3	that	that	IN
29364	817	4	it	-PRON-	PRP
29364	817	5	cost	cost	VBD
29364	817	6	nothing	nothing	NN
29364	817	7	to	to	TO
29364	817	8	bring	bring	VB
29364	817	9	over	over	RP
29364	817	10	the	the	DT
29364	817	11	actual	actual	JJ
29364	817	12	gold	gold	NN
29364	817	13	,	,	,
29364	817	14	every	every	DT
29364	817	15	time	time	NN
29364	817	16	it	-PRON-	PRP
29364	817	17	became	become	VBD
29364	817	18	possible	possible	JJ
29364	817	19	to	to	TO
29364	817	20	buy	buy	VB
29364	817	21	a	a	DT
29364	817	22	draft	draft	NN
29364	817	23	for	for	IN
29364	817	24	less	less	JJR
29364	817	25	than	than	IN
29364	817	26	$	$	$
29364	817	27	4.8665	4.8665	CD
29364	817	28	,	,	,
29364	817	29	some	some	DT
29364	817	30	buyer	buyer	NN
29364	817	31	would	would	MD
29364	817	32	snatch	snatch	VB
29364	817	33	at	at	IN
29364	817	34	the	the	DT
29364	817	35	chance	chance	NN
29364	817	36	.	.	.
29364	818	1	Such	such	PDT
29364	818	2	a	a	DT
29364	818	3	case	case	NN
29364	818	4	,	,	,
29364	818	5	with	with	IN
29364	818	6	£	£	$
29364	818	7	1	1	CD
29364	818	8	as	as	IN
29364	818	9	the	the	DT
29364	818	10	amount	amount	NN
29364	818	11	of	of	IN
29364	818	12	the	the	DT
29364	818	13	draft	draft	NN
29364	818	14	and	and	CC
29364	818	15	the	the	DT
29364	818	16	assumption	assumption	NN
29364	818	17	of	of	IN
29364	818	18	no	no	DT
29364	818	19	charge	charge	NN
29364	818	20	for	for	IN
29364	818	21	importing	import	VBG
29364	818	22	the	the	DT
29364	818	23	gold	gold	NN
29364	818	24	,	,	,
29364	818	25	is	be	VBZ
29364	818	26	,	,	,
29364	818	27	of	of	IN
29364	818	28	course	course	NN
29364	818	29	,	,	,
29364	818	30	mentioned	mention	VBD
29364	818	31	merely	merely	RB
29364	818	32	for	for	IN
29364	818	33	purposes	purpose	NNS
29364	818	34	of	of	IN
29364	818	35	illustration	illustration	NN
29364	818	36	.	.	.
29364	819	1	From	from	IN
29364	819	2	it	-PRON-	PRP
29364	819	3	should	should	MD
29364	819	4	,	,	,
29364	819	5	however	however	RB
29364	819	6	,	,	,
29364	819	7	become	become	VB
29364	819	8	clear	clear	JJ
29364	819	9	the	the	DT
29364	819	10	whole	whole	JJ
29364	819	11	idea	idea	NN
29364	819	12	underlying	underlie	VBG
29364	819	13	gold	gold	NN
29364	819	14	imports	import	NNS
29364	819	15	.	.	.
29364	820	1	A	a	DT
29364	820	2	new	new	JJ
29364	820	3	sovereign	sovereign	NN
29364	820	4	laid	lay	VBN
29364	820	5	down	down	RP
29364	820	6	in	in	IN
29364	820	7	New	New	NNP
29364	820	8	York	York	NNP
29364	820	9	is	be	VBZ
29364	820	10	worth	worth	JJ
29364	820	11	,	,	,
29364	820	12	at	at	IN
29364	820	13	any	any	DT
29364	820	14	time	time	NN
29364	820	15	,	,	,
29364	820	16	$	$	$
29364	820	17	4.8665	4.8665	CD
29364	820	18	.	.	.
29364	821	1	If	if	IN
29364	821	2	it	-PRON-	PRP
29364	821	3	is	be	VBZ
29364	821	4	possible	possible	JJ
29364	821	5	to	to	TO
29364	821	6	get	get	VB
29364	821	7	the	the	DT
29364	821	8	sovereign	sovereign	NN
29364	821	9	over	over	RB
29364	821	10	here	here	RB
29364	821	11	for	for	IN
29364	821	12	less	less	JJR
29364	821	13	than	than	IN
29364	821	14	that	that	DT
29364	821	15	--	--	:
29364	821	16	by	by	IN
29364	821	17	paying	pay	VBG
29364	821	18	$	$	$
29364	821	19	4.83	4.83	CD
29364	821	20	for	for	IN
29364	821	21	a	a	DT
29364	821	22	£	£	$
29364	821	23	1	1	CD
29364	821	24	draft	draft	NN
29364	821	25	on	on	IN
29364	821	26	London	London	NNP
29364	821	27	,	,	,
29364	821	28	for	for	IN
29364	821	29	instance	instance	NN
29364	821	30	,	,	,
29364	821	31	and	and	CC
29364	821	32	three	three	CD
29364	821	33	cents	cent	NNS
29364	821	34	for	for	IN
29364	821	35	charges	charge	NNS
29364	821	36	,	,	,
29364	821	37	$	$	$
29364	821	38	4.86	4.86	CD
29364	821	39	in	in	IN
29364	821	40	all	all	DT
29364	821	41	--	--	.
29364	821	42	it	-PRON-	PRP
29364	821	43	is	be	VBZ
29364	821	44	possible	possible	JJ
29364	821	45	to	to	TO
29364	821	46	bring	bring	VB
29364	821	47	the	the	DT
29364	821	48	sovereign	sovereign	NN
29364	821	49	in	in	RP
29364	821	50	and	and	CC
29364	821	51	make	make	VB
29364	821	52	money	money	NN
29364	821	53	doing	do	VBG
29364	821	54	it	-PRON-	PRP
29364	821	55	.	.	.
29364	822	1	Whether	whether	IN
29364	822	2	the	the	DT
29364	822	3	gold	gold	NN
29364	822	4	imported	import	VBN
29364	822	5	is	be	VBZ
29364	822	6	in	in	IN
29364	822	7	the	the	DT
29364	822	8	form	form	NN
29364	822	9	of	of	IN
29364	822	10	sovereigns	sovereign	NNS
29364	822	11	or	or	CC
29364	822	12	whether	whether	IN
29364	822	13	it	-PRON-	PRP
29364	822	14	consists	consist	VBZ
29364	822	15	of	of	IN
29364	822	16	bars	bar	NNS
29364	822	17	makes	make	VBZ
29364	822	18	not	not	RB
29364	822	19	the	the	DT
29364	822	20	slightest	slight	JJS
29364	822	21	difference	difference	NN
29364	822	22	so	so	RB
29364	822	23	far	far	RB
29364	822	24	as	as	IN
29364	822	25	the	the	DT
29364	822	26	principle	principle	NN
29364	822	27	of	of	IN
29364	822	28	the	the	DT
29364	822	29	thing	thing	NN
29364	822	30	is	be	VBZ
29364	822	31	concerned	concern	VBN
29364	822	32	.	.	.
29364	823	1	A	a	DT
29364	823	2	sovereign	sovereign	NN
29364	823	3	is	be	VBZ
29364	823	4	at	at	IN
29364	823	5	all	all	DT
29364	823	6	times	time	NNS
29364	823	7	worth	worth	JJ
29364	823	8	just	just	RB
29364	823	9	so	so	RB
29364	823	10	and	and	CC
29364	823	11	so	so	RB
29364	823	12	much	much	RB
29364	823	13	at	at	IN
29364	823	14	any	any	DT
29364	823	15	United	United	NNP
29364	823	16	States	States	NNP
29364	823	17	assay	assay	NNP
29364	823	18	office	office	NN
29364	823	19	,	,	,
29364	823	20	and	and	CC
29364	823	21	an	an	DT
29364	823	22	ounce	ounce	NN
29364	823	23	of	of	IN
29364	823	24	gold	gold	NN
29364	823	25	of	of	IN
29364	823	26	any	any	DT
29364	823	27	given	give	VBN
29364	823	28	fineness	fineness	NN
29364	823	29	is	be	VBZ
29364	823	30	worth	worth	JJ
29364	823	31	just	just	RB
29364	823	32	so	so	RB
29364	823	33	and	and	CC
29364	823	34	so	so	RB
29364	823	35	much	much	RB
29364	823	36	,	,	,
29364	823	37	too	too	RB
29364	823	38	,	,	,
29364	823	39	regardless	regardless	RB
29364	823	40	of	of	IN
29364	823	41	where	where	WRB
29364	823	42	it	-PRON-	PRP
29364	823	43	comes	come	VBZ
29364	823	44	from	from	IN
29364	823	45	.	.	.
29364	824	1	So	so	IN
29364	824	2	that	that	IN
29364	824	3	in	in	IN
29364	824	4	importing	import	VBG
29364	824	5	gold	gold	NN
29364	824	6	,	,	,
29364	824	7	whether	whether	IN
29364	824	8	the	the	DT
29364	824	9	metal	metal	NN
29364	824	10	be	be	VBP
29364	824	11	in	in	IN
29364	824	12	the	the	DT
29364	824	13	form	form	NN
29364	824	14	of	of	IN
29364	824	15	coin	coin	NN
29364	824	16	or	or	CC
29364	824	17	bars	bar	NNS
29364	824	18	,	,	,
29364	824	19	the	the	DT
29364	824	20	great	great	JJ
29364	824	21	thing	thing	NN
29364	824	22	is	be	VBZ
29364	824	23	the	the	DT
29364	824	24	cheapness	cheapness	NN
29364	824	25	with	with	IN
29364	824	26	which	which	WDT
29364	824	27	it	-PRON-	PRP
29364	824	28	can	can	MD
29364	824	29	be	be	VB
29364	824	30	secured	secure	VBN
29364	824	31	in	in	IN
29364	824	32	some	some	DT
29364	824	33	foreign	foreign	JJ
29364	824	34	market	market	NN
29364	824	35	.	.	.
29364	825	1	If	if	IN
29364	825	2	it	-PRON-	PRP
29364	825	3	can	can	MD
29364	825	4	be	be	VB
29364	825	5	secured	secure	VBN
29364	825	6	so	so	RB
29364	825	7	cheaply	cheaply	RB
29364	825	8	in	in	IN
29364	825	9	London	London	NNP
29364	825	10	,	,	,
29364	825	11	for	for	IN
29364	825	12	example	example	NN
29364	825	13	,	,	,
29364	825	14	that	that	IN
29364	825	15	the	the	DT
29364	825	16	price	price	NN
29364	825	17	paid	pay	VBN
29364	825	18	for	for	IN
29364	825	19	each	each	DT
29364	825	20	pound	pound	NN
29364	825	21	(	(	-LRB-
29364	825	22	sovereign	sovereign	NN
29364	825	23	)	)	-RRB-
29364	825	24	of	of	IN
29364	825	25	the	the	DT
29364	825	26	draft	draft	NN
29364	825	27	,	,	,
29364	825	28	plus	plus	CC
29364	825	29	the	the	DT
29364	825	30	charge	charge	NN
29364	825	31	of	of	IN
29364	825	32	bringing	bring	VBG
29364	825	33	in	in	RP
29364	825	34	each	each	DT
29364	825	35	sovereign	sovereign	NN
29364	825	36	,	,	,
29364	825	37	is	be	VBZ
29364	825	38	less	less	JJR
29364	825	39	than	than	IN
29364	825	40	what	what	WP
29364	825	41	the	the	DT
29364	825	42	sovereign	sovereign	NN
29364	825	43	can	can	MD
29364	825	44	be	be	VB
29364	825	45	sold	sell	VBN
29364	825	46	for	for	IN
29364	825	47	when	when	WRB
29364	825	48	it	-PRON-	PRP
29364	825	49	gets	get	VBZ
29364	825	50	here	here	RB
29364	825	51	,	,	,
29364	825	52	it	-PRON-	PRP
29364	825	53	will	will	MD
29364	825	54	pay	pay	VB
29364	825	55	to	to	TO
29364	825	56	buy	buy	VB
29364	825	57	English	english	JJ
29364	825	58	gold	gold	NN
29364	825	59	and	and	CC
29364	825	60	bring	bring	VB
29364	825	61	it	-PRON-	PRP
29364	825	62	in	in	RP
29364	825	63	.	.	.
29364	826	1	Exactly	exactly	RB
29364	826	2	the	the	DT
29364	826	3	same	same	JJ
29364	826	4	principle	principle	NN
29364	826	5	applies	apply	VBZ
29364	826	6	where	where	WRB
29364	826	7	the	the	DT
29364	826	8	question	question	NN
29364	826	9	is	be	VBZ
29364	826	10	of	of	IN
29364	826	11	importing	import	VBG
29364	826	12	gold	gold	NN
29364	826	13	bars	bar	NNS
29364	826	14	instead	instead	RB
29364	826	15	of	of	IN
29364	826	16	sovereigns	sovereign	NNS
29364	826	17	,	,	,
29364	826	18	except	except	IN
29364	826	19	that	that	IN
29364	826	20	bars	bar	NNS
29364	826	21	can	can	MD
29364	826	22	not	not	RB
29364	826	23	be	be	VB
29364	826	24	bought	buy	VBN
29364	826	25	in	in	IN
29364	826	26	London	London	NNP
29364	826	27	at	at	IN
29364	826	28	a	a	DT
29364	826	29	fixed	fix	VBN
29364	826	30	rate	rate	NN
29364	826	31	.	.	.
29364	827	1	That	that	IN
29364	827	2	,	,	,
29364	827	3	however	however	RB
29364	827	4	,	,	,
29364	827	5	in	in	IN
29364	827	6	no	no	DT
29364	827	7	way	way	NN
29364	827	8	affects	affect	VBZ
29364	827	9	the	the	DT
29364	827	10	underlying	underlie	VBG
29364	827	11	principle	principle	NN
29364	827	12	that	that	IN
29364	827	13	in	in	IN
29364	827	14	importing	import	VBG
29364	827	15	gold	gold	NN
29364	827	16	the	the	DT
29364	827	17	profit	profit	NN
29364	827	18	is	be	VBZ
29364	827	19	made	make	VBN
29364	827	20	by	by	IN
29364	827	21	selling	sell	VBG
29364	827	22	the	the	DT
29364	827	23	gold	gold	NN
29364	827	24	here	here	RB
29364	827	25	for	for	IN
29364	827	26	more	more	JJR
29364	827	27	dollars	dollar	NNS
29364	827	28	than	than	IN
29364	827	29	the	the	DT
29364	827	30	combined	combine	VBN
29364	827	31	dollar	dollar	NN
29364	827	32	-	-	HYPH
29364	827	33	cost	cost	NN
29364	827	34	of	of	IN
29364	827	35	the	the	DT
29364	827	36	draft	draft	NN
29364	827	37	on	on	IN
29364	827	38	London	London	NNP
29364	827	39	with	with	IN
29364	827	40	which	which	WDT
29364	827	41	the	the	DT
29364	827	42	gold	gold	NN
29364	827	43	is	be	VBZ
29364	827	44	bought	buy	VBN
29364	827	45	and	and	CC
29364	827	46	the	the	DT
29364	827	47	charges	charge	NNS
29364	827	48	incurred	incur	VBN
29364	827	49	in	in	IN
29364	827	50	importing	import	VBG
29364	827	51	the	the	DT
29364	827	52	metal	metal	NN
29364	827	53	.	.	.
29364	828	1	To	to	TO
29364	828	2	illustrate	illustrate	VB
29364	828	3	,	,	,
29364	828	4	if	if	IN
29364	828	5	the	the	DT
29364	828	6	draft	draft	NN
29364	828	7	cost	cost	VBD
29364	828	8	$	$	$
29364	828	9	997,000	997,000	CD
29364	828	10	and	and	CC
29364	828	11	the	the	DT
29364	828	12	charges	charge	NNS
29364	828	13	amounted	amount	VBD
29364	828	14	to	to	IN
29364	828	15	$	$	$
29364	828	16	3,000	3,000	CD
29364	828	17	,	,	,
29364	828	18	the	the	DT
29364	828	19	gold	gold	NN
29364	828	20	(	(	-LRB-
29364	828	21	whether	whether	IN
29364	828	22	in	in	IN
29364	828	23	the	the	DT
29364	828	24	form	form	NN
29364	828	25	of	of	IN
29364	828	26	sovereigns	sovereign	NNS
29364	828	27	,	,	,
29364	828	28	eagles	eagle	NNS
29364	828	29	or	or	CC
29364	828	30	bars	bar	NNS
29364	828	31	)	)	-RRB-
29364	828	32	would	would	MD
29364	828	33	have	have	VB
29364	828	34	to	to	TO
29364	828	35	be	be	VB
29364	828	36	sold	sell	VBN
29364	828	37	here	here	RB
29364	828	38	for	for	IN
29364	828	39	at	at	RB
29364	828	40	least	least	RBS
29364	828	41	$	$	$
29364	828	42	1,000,000	1,000,000	CD
29364	828	43	,	,	,
29364	828	44	to	to	TO
29364	828	45	have	have	VB
29364	828	46	the	the	DT
29364	828	47	importer	importer	NN
29364	828	48	come	come	VBN
29364	828	49	out	out	RP
29364	828	50	even	even	RB
29364	828	51	.	.	.
29364	829	1	With	with	IN
29364	829	2	exports	export	NNS
29364	829	3	,	,	,
29364	829	4	the	the	DT
29364	829	5	theory	theory	NN
29364	829	6	of	of	IN
29364	829	7	the	the	DT
29364	829	8	thing	thing	NN
29364	829	9	is	be	VBZ
29364	829	10	to	to	TO
29364	829	11	sell	sell	VB
29364	829	12	a	a	DT
29364	829	13	draft	draft	NN
29364	829	14	on	on	IN
29364	829	15	,	,	,
29364	829	16	say	say	UH
29364	829	17	,	,	,
29364	829	18	London	London	NNP
29364	829	19	,	,	,
29364	829	20	for	for	IN
29364	829	21	more	more	JJR
29364	829	22	dollars	dollar	NNS
29364	829	23	than	than	IN
29364	829	24	the	the	DT
29364	829	25	dollar	dollar	NN
29364	829	26	-	-	HYPH
29364	829	27	cost	cost	NN
29364	829	28	of	of	IN
29364	829	29	enough	enough	JJ
29364	829	30	gold	gold	NN
29364	829	31	,	,	,
29364	829	32	plus	plus	CC
29364	829	33	charges	charge	NNS
29364	829	34	,	,	,
29364	829	35	to	to	TO
29364	829	36	meet	meet	VB
29364	829	37	the	the	DT
29364	829	38	draft	draft	NN
29364	829	39	.	.	.
29364	830	1	As	as	IN
29364	830	2	will	will	MD
29364	830	3	be	be	VB
29364	830	4	seen	see	VBN
29364	830	5	from	from	IN
29364	830	6	the	the	DT
29364	830	7	figures	figure	NNS
29364	830	8	of	of	IN
29364	830	9	an	an	DT
29364	830	10	actual	actual	JJ
29364	830	11	shipment	shipment	NN
29364	830	12	,	,	,
29364	830	13	given	give	VBN
29364	830	14	further	further	RB
29364	830	15	on	on	RB
29364	830	16	,	,	,
29364	830	17	the	the	DT
29364	830	18	banker	banker	NN
29364	830	19	who	who	WP
29364	830	20	ships	ship	VBZ
29364	830	21	gold	gold	NN
29364	830	22	gets	get	VBZ
29364	830	23	the	the	DT
29364	830	24	money	money	NN
29364	830	25	to	to	TO
29364	830	26	buy	buy	VB
29364	830	27	the	the	DT
29364	830	28	gold	gold	NN
29364	830	29	from	from	IN
29364	830	30	the	the	DT
29364	830	31	Treasury	Treasury	NNP
29364	830	32	here	here	RB
29364	830	33	,	,	,
29364	830	34	by	by	IN
29364	830	35	selling	sell	VBG
29364	830	36	a	a	DT
29364	830	37	sterling	sterling	JJ
29364	830	38	draft	draft	NN
29364	830	39	on	on	IN
29364	830	40	London	London	NNP
29364	830	41	.	.	.
29364	831	1	Suppose	suppose	VB
29364	831	2	,	,	,
29364	831	3	for	for	IN
29364	831	4	example	example	NN
29364	831	5	,	,	,
29364	831	6	a	a	DT
29364	831	7	New	New	NNP
29364	831	8	York	York	NNP
29364	831	9	banker	banker	NN
29364	831	10	wants	want	VBZ
29364	831	11	to	to	TO
29364	831	12	create	create	VB
29364	831	13	a	a	DT
29364	831	14	£	£	$
29364	831	15	200,000	200,000	CD
29364	831	16	balance	balance	NN
29364	831	17	in	in	IN
29364	831	18	London	London	NNP
29364	831	19	.	.	.
29364	832	1	Figuring	figure	VBG
29364	832	2	how	how	WRB
29364	832	3	many	many	JJ
29364	832	4	ounces	ounce	NNS
29364	832	5	of	of	IN
29364	832	6	gold	gold	NN
29364	832	7	(	(	-LRB-
29364	832	8	at	at	IN
29364	832	9	the	the	DT
29364	832	10	buying	buying	NN
29364	832	11	price	price	NN
29364	832	12	in	in	IN
29364	832	13	London	London	NNP
29364	832	14	)	)	-RRB-
29364	832	15	will	will	MD
29364	832	16	give	give	VB
29364	832	17	him	-PRON-	PRP
29364	832	18	the	the	DT
29364	832	19	£	£	$
29364	832	20	200,000	200,000	CD
29364	832	21	credit	credit	NN
29364	832	22	,	,	,
29364	832	23	he	-PRON-	PRP
29364	832	24	buys	buy	VBZ
29364	832	25	that	that	IN
29364	832	26	much	much	JJ
29364	832	27	gold	gold	NN
29364	832	28	and	and	CC
29364	832	29	sends	send	VBZ
29364	832	30	it	-PRON-	PRP
29364	832	31	over	over	RP
29364	832	32	.	.	.
29364	833	1	Suppose	suppose	VB
29364	833	2	the	the	DT
29364	833	3	combined	combined	JJ
29364	833	4	cost	cost	NN
29364	833	5	of	of	IN
29364	833	6	the	the	DT
29364	833	7	gold	gold	NN
29364	833	8	and	and	CC
29364	833	9	the	the	DT
29364	833	10	charge	charge	NN
29364	833	11	for	for	IN
29364	833	12	shipping	ship	VBG
29364	833	13	it	-PRON-	PRP
29364	833	14	amounts	amount	VBZ
29364	833	15	to	to	IN
29364	833	16	$	$	$
29364	833	17	976,000	976,000	CD
29364	833	18	.	.	.
29364	834	1	If	if	IN
29364	834	2	the	the	DT
29364	834	3	banker	banker	NN
29364	834	4	here	here	RB
29364	834	5	can	can	MD
29364	834	6	sell	sell	VB
29364	834	7	a	a	DT
29364	834	8	£	£	$
29364	834	9	200,000	200,000	CD
29364	834	10	draft	draft	NN
29364	834	11	against	against	IN
29364	834	12	it	-PRON-	PRP
29364	834	13	at	at	IN
29364	834	14	4.88	4.88	CD
29364	834	15	,	,	,
29364	834	16	he	-PRON-	PRP
29364	834	17	will	will	MD
29364	834	18	just	just	RB
29364	834	19	get	get	VB
29364	834	20	back	back	RB
29364	834	21	the	the	DT
29364	834	22	$	$	$
29364	834	23	976,000	976,000	CD
29364	834	24	he	-PRON-	PRP
29364	834	25	laid	lay	VBD
29364	834	26	out	out	RP
29364	834	27	originally	originally	RB
29364	834	28	and	and	CC
29364	834	29	be	be	VB
29364	834	30	even	even	RB
29364	834	31	on	on	IN
29364	834	32	the	the	DT
29364	834	33	transaction	transaction	NN
29364	834	34	.	.	.
29364	835	1	Before	before	IN
29364	835	2	passing	pass	VBG
29364	835	3	from	from	IN
29364	835	4	the	the	DT
29364	835	5	theory	theory	NN
29364	835	6	to	to	IN
29364	835	7	the	the	DT
29364	835	8	practice	practice	NN
29364	835	9	of	of	IN
29364	835	10	gold	gold	NN
29364	835	11	exports	export	NNS
29364	835	12	and	and	CC
29364	835	13	imports	import	NNS
29364	835	14	,	,	,
29364	835	15	there	there	EX
29364	835	16	is	be	VBZ
29364	835	17	to	to	TO
29364	835	18	be	be	VB
29364	835	19	considered	consider	VBN
29364	835	20	the	the	DT
29364	835	21	fact	fact	NN
29364	835	22	that	that	IN
29364	835	23	bar	bar	NN
29364	835	24	gold	gold	NN
29364	835	25	sells	sell	VBZ
29364	835	26	in	in	IN
29364	835	27	London	London	NNP
29364	835	28	at	at	IN
29364	835	29	a	a	DT
29364	835	30	constantly	constantly	RB
29364	835	31	varying	vary	VBG
29364	835	32	price	price	NN
29364	835	33	,	,	,
29364	835	34	while	while	IN
29364	835	35	in	in	IN
29364	835	36	New	New	NNP
29364	835	37	York	York	NNP
29364	835	38	it	-PRON-	PRP
29364	835	39	sells	sell	VBZ
29364	835	40	at	at	IN
29364	835	41	a	a	DT
29364	835	42	definitely	definitely	RB
29364	835	43	fixed	fix	VBN
29364	835	44	price	price	NN
29364	835	45	.	.	.
29364	836	1	In	in	IN
29364	836	2	New	New	NNP
29364	836	3	York	York	NNP
29364	836	4	an	an	DT
29364	836	5	ounce	ounce	NN
29364	836	6	of	of	IN
29364	836	7	gold	gold	NN
29364	836	8	of	of	IN
29364	836	9	any	any	DT
29364	836	10	given	give	VBN
29364	836	11	fineness	fineness	NN
29364	836	12	can	can	MD
29364	836	13	always	always	RB
29364	836	14	be	be	VB
29364	836	15	sold	sell	VBN
29364	836	16	for	for	IN
29364	836	17	the	the	DT
29364	836	18	same	same	JJ
29364	836	19	amount	amount	NN
29364	836	20	of	of	IN
29364	836	21	dollars	dollar	NNS
29364	836	22	and	and	CC
29364	836	23	cents	cent	NNS
29364	836	24	,	,	,
29364	836	25	but	but	CC
29364	836	26	in	in	IN
29364	836	27	London	London	NNP
29364	836	28	the	the	DT
29364	836	29	amount	amount	NN
29364	836	30	of	of	IN
29364	836	31	shillings	shilling	NNS
29364	836	32	and	and	CC
29364	836	33	pence	penny	NNS
29364	836	34	into	into	IN
29364	836	35	which	which	WDT
29364	836	36	it	-PRON-	PRP
29364	836	37	is	be	VBZ
29364	836	38	convertible	convertible	JJ
29364	836	39	varies	varie	NNS
29364	836	40	constantly	constantly	RB
29364	836	41	.	.	.
29364	837	1	So	so	RB
29364	837	2	that	that	IN
29364	837	3	a	a	DT
29364	837	4	New	New	NNP
29364	837	5	York	York	NNP
29364	837	6	banker	banker	NN
29364	837	7	figuring	figure	VBG
29364	837	8	on	on	IN
29364	837	9	bringing	bring	VBG
29364	837	10	in	in	RP
29364	837	11	bar	bar	NN
29364	837	12	gold	gold	NN
29364	837	13	from	from	IN
29364	837	14	London	London	NNP
29364	837	15	has	have	VBZ
29364	837	16	to	to	TO
29364	837	17	take	take	VB
29364	837	18	carefully	carefully	RB
29364	837	19	into	into	IN
29364	837	20	account	account	NN
29364	837	21	what	what	WP
29364	837	22	the	the	DT
29364	837	23	price	price	NN
29364	837	24	per	per	IN
29364	837	25	ounce	ounce	NN
29364	837	26	of	of	IN
29364	837	27	bar	bar	NN
29364	837	28	gold	gold	NN
29364	837	29	over	over	RB
29364	837	30	there	there	RB
29364	837	31	is	be	VBZ
29364	837	32	.	.	.
29364	838	1	Sovereigns	sovereign	NNS
29364	838	2	are	be	VBP
29364	838	3	seldom	seldom	RB
29364	838	4	imported	import	VBN
29364	838	5	because	because	IN
29364	838	6	they	-PRON-	PRP
29364	838	7	are	be	VBP
29364	838	8	secured	secure	VBN
29364	838	9	in	in	IN
29364	838	10	London	London	NNP
29364	838	11	not	not	RB
29364	838	12	by	by	IN
29364	838	13	weight	weight	NN
29364	838	14	but	but	CC
29364	838	15	by	by	IN
29364	838	16	face	face	NN
29364	838	17	value,--even	value,--even	,
29364	838	18	if	if	IN
29364	838	19	the	the	DT
29364	838	20	sovereigns	sovereign	NNS
29364	838	21	have	have	VBP
29364	838	22	lost	lose	VBN
29364	838	23	weight	weight	NN
29364	838	24	they	-PRON-	PRP
29364	838	25	cost	cost	VBD
29364	838	26	just	just	RB
29364	838	27	as	as	IN
29364	838	28	many	many	JJ
29364	838	29	pounds	pound	NNS
29364	838	30	sterling	sterling	NN
29364	838	31	to	to	TO
29364	838	32	secure	secure	VB
29364	838	33	.	.	.
29364	839	1	Where	where	WRB
29364	839	2	the	the	DT
29364	839	3	New	New	NNP
29364	839	4	York	York	NNP
29364	839	5	banker	banker	NN
29364	839	6	is	be	VBZ
29364	839	7	exporting	export	VBG
29364	839	8	gold	gold	NN
29364	839	9	,	,	,
29364	839	10	on	on	IN
29364	839	11	the	the	DT
29364	839	12	other	other	JJ
29364	839	13	hand	hand	NN
29364	839	14	,	,	,
29364	839	15	the	the	DT
29364	839	16	price	price	NN
29364	839	17	at	at	IN
29364	839	18	which	which	WDT
29364	839	19	bar	bar	NN
29364	839	20	gold	gold	NN
29364	839	21	is	be	VBZ
29364	839	22	selling	sell	VBG
29364	839	23	in	in	IN
29364	839	24	London	London	NNP
29364	839	25	is	be	VBZ
29364	839	26	just	just	RB
29364	839	27	as	as	RB
29364	839	28	important	important	JJ
29364	839	29	as	as	IN
29364	839	30	where	where	WRB
29364	839	31	he	-PRON-	PRP
29364	839	32	is	be	VBZ
29364	839	33	importing	import	VBG
29364	839	34	.	.	.
29364	840	1	For	for	IN
29364	840	2	the	the	DT
29364	840	3	price	price	NN
29364	840	4	at	at	IN
29364	840	5	which	which	WDT
29364	840	6	the	the	DT
29364	840	7	gold	gold	NN
29364	840	8	can	can	MD
29364	840	9	be	be	VB
29364	840	10	disposed	dispose	VBN
29364	840	11	of	of	IN
29364	840	12	when	when	WRB
29364	840	13	it	-PRON-	PRP
29364	840	14	gets	get	VBZ
29364	840	15	to	to	IN
29364	840	16	London	London	NNP
29364	840	17	determines	determine	VBZ
29364	840	18	into	into	IN
29364	840	19	how	how	WRB
29364	840	20	many	many	JJ
29364	840	21	pounds	pound	NNS
29364	840	22	sterling	sterle	VBG
29364	840	23	it	-PRON-	PRP
29364	840	24	can	can	MD
29364	840	25	be	be	VB
29364	840	26	converted	convert	VBN
29364	840	27	.	.	.
29364	841	1	These	these	DT
29364	841	2	matters	matter	NNS
29364	841	3	of	of	IN
29364	841	4	the	the	DT
29364	841	5	cost	cost	NN
29364	841	6	of	of	IN
29364	841	7	gold	gold	NN
29364	841	8	in	in	IN
29364	841	9	one	one	CD
29364	841	10	market	market	NN
29364	841	11	and	and	CC
29364	841	12	the	the	DT
29364	841	13	crediting	crediting	NN
29364	841	14	of	of	IN
29364	841	15	the	the	DT
29364	841	16	gold	gold	NN
29364	841	17	in	in	IN
29364	841	18	some	some	DT
29364	841	19	other	other	JJ
29364	841	20	market	market	NN
29364	841	21	are	be	VBP
29364	841	22	not	not	RB
29364	841	23	the	the	DT
29364	841	24	easiest	easy	JJS
29364	841	25	thing	thing	NN
29364	841	26	to	to	TO
29364	841	27	grasp	grasp	VB
29364	841	28	at	at	IN
29364	841	29	first	first	JJ
29364	841	30	thought	thought	NN
29364	841	31	,	,	,
29364	841	32	but	but	CC
29364	841	33	will	will	MD
29364	841	34	perhaps	perhaps	RB
29364	841	35	become	become	VB
29364	841	36	quite	quite	RB
29364	841	37	clear	clear	JJ
29364	841	38	by	by	IN
29364	841	39	reference	reference	NN
29364	841	40	to	to	IN
29364	841	41	the	the	DT
29364	841	42	accompanying	accompanying	JJ
29364	841	43	calculation	calculation	NN
29364	841	44	of	of	IN
29364	841	45	actual	actual	JJ
29364	841	46	gold	gold	NN
29364	841	47	export	export	NN
29364	841	48	and	and	CC
29364	841	49	gold	gold	NN
29364	841	50	import	import	NN
29364	841	51	transactions	transaction	NNS
29364	841	52	.	.	.
29364	842	1	All	all	PDT
29364	842	2	the	the	DT
29364	842	3	way	way	NN
29364	842	4	through	through	IN
29364	842	5	it	-PRON-	PRP
29364	842	6	must	must	MD
29364	842	7	be	be	VB
29364	842	8	remembered	remember	VBN
29364	842	9	that	that	IN
29364	842	10	the	the	DT
29364	842	11	figures	figure	NNS
29364	842	12	of	of	IN
29364	842	13	such	such	JJ
29364	842	14	calculations	calculation	NNS
29364	842	15	can	can	MD
29364	842	16	never	never	RB
29364	842	17	be	be	VB
29364	842	18	absolute	absolute	JJ
29364	842	19	--	--	:
29364	842	20	that	that	IN
29364	842	21	insurance	insurance	NN
29364	842	22	and	and	CC
29364	842	23	freight	freight	NN
29364	842	24	charges	charge	NNS
29364	842	25	vary	vary	VBP
29364	842	26	and	and	CC
29364	842	27	that	that	IN
29364	842	28	different	different	JJ
29364	842	29	operations	operation	NNS
29364	842	30	are	be	VBP
29364	842	31	conducted	conduct	VBN
29364	842	32	along	along	IN
29364	842	33	different	different	JJ
29364	842	34	lines	line	NNS
29364	842	35	.	.	.
29364	843	1	The	the	DT
29364	843	2	two	two	CD
29364	843	3	operations	operation	NNS
29364	843	4	described	describe	VBN
29364	843	5	embody	embody	NN
29364	843	6	,	,	,
29364	843	7	however	however	RB
29364	843	8	,	,	,
29364	843	9	the	the	DT
29364	843	10	principle	principle	NN
29364	843	11	of	of	IN
29364	843	12	both	both	CC
29364	843	13	the	the	DT
29364	843	14	outward	outward	JJ
29364	843	15	and	and	CC
29364	843	16	inward	inward	JJ
29364	843	17	movement	movement	NN
29364	843	18	of	of	IN
29364	843	19	bar	bar	NN
29364	843	20	gold	gold	NN
29364	843	21	at	at	IN
29364	843	22	New	New	NNP
29364	843	23	York	York	NNP
29364	843	24	.	.	.
29364	844	1	_	_	NNP
29364	844	2	Export	Export	NNP
29364	844	3	of	of	IN
29364	844	4	Bars	Bars	NNPS
29364	844	5	to	to	IN
29364	844	6	London	London	NNP
29364	844	7	_	_	NNP
29364	844	8	In	in	IN
29364	844	9	the	the	DT
29364	844	10	transaction	transaction	NN
29364	844	11	described	describe	VBN
29364	844	12	below	below	IN
29364	844	13	about	about	IN
29364	844	14	a	a	DT
29364	844	15	quarter	quarter	NN
29364	844	16	of	of	IN
29364	844	17	a	a	DT
29364	844	18	million	million	CD
29364	844	19	dollars	dollar	NNS
29364	844	20	'	'	POS
29364	844	21	worth	worth	NN
29364	844	22	of	of	IN
29364	844	23	bar	bar	NN
29364	844	24	gold	gold	NN
29364	844	25	is	be	VBZ
29364	844	26	shipped	ship	VBN
29364	844	27	to	to	IN
29364	844	28	London	London	NNP
29364	844	29	,	,	,
29364	844	30	the	the	DT
29364	844	31	money	money	NN
29364	844	32	to	to	TO
29364	844	33	pay	pay	VB
29364	844	34	for	for	IN
29364	844	35	the	the	DT
29364	844	36	gold	gold	NN
29364	844	37	being	be	VBG
29364	844	38	raised	raise	VBN
29364	844	39	by	by	IN
29364	844	40	the	the	DT
29364	844	41	drawing	drawing	NN
29364	844	42	and	and	CC
29364	844	43	selling	selling	NN
29364	844	44	of	of	IN
29364	844	45	a	a	DT
29364	844	46	demand	demand	NN
29364	844	47	draft	draft	NN
29364	844	48	on	on	IN
29364	844	49	London	London	NNP
29364	844	50	.	.	.
29364	845	1	Assuming	assume	VBG
29364	845	2	that	that	IN
29364	845	3	the	the	DT
29364	845	4	draft	draft	NN
29364	845	5	is	be	VBZ
29364	845	6	drawn	draw	VBN
29364	845	7	and	and	CC
29364	845	8	the	the	DT
29364	845	9	gold	gold	NN
29364	845	10	shipped	ship	VBN
29364	845	11	at	at	IN
29364	845	12	the	the	DT
29364	845	13	same	same	JJ
29364	845	14	time	time	NN
29364	845	15	,	,	,
29364	845	16	the	the	DT
29364	845	17	draft	draft	NN
29364	845	18	will	will	MD
29364	845	19	be	be	VB
29364	845	20	presented	present	VBN
29364	845	21	fully	fully	RB
29364	845	22	three	three	CD
29364	845	23	days	day	NNS
29364	845	24	before	before	IN
29364	845	25	the	the	DT
29364	845	26	gold	gold	NN
29364	845	27	is	be	VBZ
29364	845	28	credited	credit	VBN
29364	845	29	,	,	,
29364	845	30	that	that	IN
29364	845	31	being	be	VBG
29364	845	32	the	the	DT
29364	845	33	time	time	NN
29364	845	34	necessary	necessary	JJ
29364	845	35	for	for	IN
29364	845	36	assaying	assay	VBG
29364	845	37	,	,	,
29364	845	38	weighing	weighing	NN
29364	845	39	,	,	,
29364	845	40	etc	etc	FW
29364	845	41	.	.	.
29364	846	1	In	in	IN
29364	846	2	other	other	JJ
29364	846	3	words	word	NNS
29364	846	4	,	,	,
29364	846	5	there	there	EX
29364	846	6	will	will	MD
29364	846	7	be	be	VB
29364	846	8	an	an	DT
29364	846	9	"	"	``
29364	846	10	overdraft	overdraft	NN
29364	846	11	"	"	''
29364	846	12	for	for	IN
29364	846	13	at	at	RB
29364	846	14	least	least	RBS
29364	846	15	three	three	CD
29364	846	16	days	day	NNS
29364	846	17	,	,	,
29364	846	18	interest	interest	NN
29364	846	19	on	on	IN
29364	846	20	which	which	WDT
29364	846	21	will	will	MD
29364	846	22	have	have	VB
29364	846	23	to	to	TO
29364	846	24	be	be	VB
29364	846	25	figured	figure	VBN
29364	846	26	as	as	IN
29364	846	27	a	a	DT
29364	846	28	part	part	NN
29364	846	29	of	of	IN
29364	846	30	the	the	DT
29364	846	31	cost	cost	NN
29364	846	32	of	of	IN
29364	846	33	the	the	DT
29364	846	34	operation	operation	NN
29364	846	35	.	.	.
29364	847	1	Following	follow	VBG
29364	847	2	is	be	VBZ
29364	847	3	the	the	DT
29364	847	4	detailed	detailed	JJ
29364	847	5	statement	statement	NN
29364	847	6	:	:	:
29364	847	7	13,195	13,195	CD
29364	847	8	-	-	HYPH
29364	847	9	1/2	1/2	CD
29364	847	10	ounces	ounce	NNS
29364	847	11	bar	bar	NN
29364	847	12	gold	gold	NN
29364	847	13	(	(	-LRB-
29364	847	14	.9166	.9166	.
29364	847	15	fine	fine	JJ
29364	847	16	)	)	-RRB-
29364	847	17	purchased	purchase	VBN
29364	847	18	from	from	IN
29364	847	19	U.S.	U.S.	NNP
29364	847	20	Treasury	Treasury	NNP
29364	847	21	or	or	CC
29364	847	22	Sub	Sub	NNP
29364	847	23	-	-	HYPH
29364	847	24	Treasury	Treasury	NNP
29364	847	25	at	at	IN
29364	847	26	$	$	$
29364	847	27	18.9459	18.9459	CD
29364	847	28	per	per	IN
29364	847	29	ounce	ounce	NN
29364	847	30	$	$	$
29364	847	31	250,000	250,000	CD
29364	847	32	Assay	Assay	NNP
29364	847	33	office	office	NN
29364	847	34	charge	charge	NN
29364	847	35	(	(	-LRB-
29364	847	36	4	4	CD
29364	847	37	cents	cent	NNS
29364	847	38	per	per	IN
29364	847	39	$	$	$
29364	847	40	100	100	CD
29364	847	41	)	)	-RRB-
29364	847	42	100	100	CD
29364	847	43	Cartage	cartage	NN
29364	847	44	and	and	CC
29364	847	45	packing	pack	VBG
29364	847	46	20	20	CD
29364	847	47	Freight	freight	NN
29364	847	48	(	(	-LRB-
29364	847	49	5/32	5/32	CD
29364	847	50	per	per	IN
29364	847	51	cent	cent	NN
29364	847	52	.	.	.
29364	847	53	)	)	-RRB-
29364	848	1	390	390	CD
29364	848	2	Insurance	Insurance	NNP
29364	848	3	(	(	-LRB-
29364	848	4	1/20	1/20	CD
29364	848	5	per	per	NN
29364	848	6	cent	cent	NN
29364	848	7	.	.	.
29364	848	8	)	)	-RRB-
29364	849	1	125	125	CD
29364	849	2	Interest	interest	NN
29364	849	3	on	on	IN
29364	849	4	overdraft	overdraft	NN
29364	849	5	in	in	IN
29364	849	6	London	London	NNP
29364	849	7	(	(	-LRB-
29364	849	8	from	from	IN
29364	849	9	time	time	NN
29364	849	10	draft	draft	NN
29364	849	11	has	have	VBZ
29364	849	12	to	to	TO
29364	849	13	be	be	VB
29364	849	14	paid	pay	VBN
29364	849	15	until	until	IN
29364	849	16	the	the	DT
29364	849	17	gold	gold	NN
29364	849	18	is	be	VBZ
29364	849	19	credited	credit	VBN
29364	849	20	)	)	-RRB-
29364	849	21	3	3	CD
29364	849	22	days	day	NNS
29364	849	23	at	at	IN
29364	849	24	4	4	CD
29364	849	25	per	per	NN
29364	849	26	cent	cent	NN
29364	849	27	.	.	.
29364	850	1	83	83	CD
29364	850	2	---------	---------	NFP
29364	850	3	Total	total	JJ
29364	850	4	expense	expense	NN
29364	850	5	of	of	IN
29364	850	6	buying	buy	VBG
29364	850	7	and	and	CC
29364	850	8	shipping	ship	VBG
29364	850	9	the	the	DT
29364	850	10	gold	gold	NN
29364	850	11	$	$	$
29364	850	12	250,718	250,718	CD
29364	850	13	13,195	13,195	CD
29364	850	14	-	-	HYPH
29364	850	15	1/2	1/2	CD
29364	850	16	ounces	ounce	NNS
29364	850	17	of	of	IN
29364	850	18	gold	gold	NN
29364	850	19	credited	credit	VBN
29364	850	20	in	in	IN
29364	850	21	London	London	NNP
29364	850	22	at	at	IN
29364	850	23	77	77	CD
29364	850	24	shillings	shilling	NNS
29364	850	25	10	10	CD
29364	850	26	-	-	HYPH
29364	850	27	1/2	1/2	CD
29364	850	28	pence	pence	NN
29364	850	29	£	£	$
29364	850	30	51,380	51,380	CD
29364	850	31	Draft	Draft	NNP
29364	850	32	on	on	IN
29364	850	33	London	London	NNP
29364	850	34	for	for	IN
29364	850	35	£	£	$
29364	850	36	51,380	51,380	CD
29364	850	37	,	,	,
29364	850	38	sold	sell	VBN
29364	850	39	by	by	IN
29364	850	40	shipper	shipper	NN
29364	850	41	of	of	IN
29364	850	42	the	the	DT
29364	850	43	gold	gold	NN
29364	850	44	,	,	,
29364	850	45	at	at	IN
29364	850	46	487.96	487.96	CD
29364	850	47	$	$	$
29364	850	48	250,718	250,718	CD
29364	850	49	In	in	IN
29364	850	50	the	the	DT
29364	850	51	transaction	transaction	NN
29364	850	52	described	describe	VBN
29364	850	53	above	above	RB
29364	850	54	,	,	,
29364	850	55	the	the	DT
29364	850	56	"	"	``
29364	850	57	overdraft	overdraft	NN
29364	850	58	"	"	''
29364	850	59	caused	cause	VBN
29364	850	60	by	by	IN
29364	850	61	the	the	DT
29364	850	62	inevitable	inevitable	JJ
29364	850	63	delay	delay	NN
29364	850	64	in	in	IN
29364	850	65	assaying	assay	VBG
29364	850	66	and	and	CC
29364	850	67	weighing	weigh	VBG
29364	850	68	the	the	DT
29364	850	69	gold	gold	NN
29364	850	70	on	on	IN
29364	850	71	its	-PRON-	PRP$
29364	850	72	arrival	arrival	NN
29364	850	73	in	in	IN
29364	850	74	London	London	NNP
29364	850	75	lasted	last	VBD
29364	850	76	for	for	IN
29364	850	77	three	three	CD
29364	850	78	days	day	NNS
29364	850	79	,	,	,
29364	850	80	the	the	DT
29364	850	81	American	american	JJ
29364	850	82	banker	banker	NN
29364	850	83	being	be	VBG
29364	850	84	charged	charge	VBN
29364	850	85	interest	interest	NN
29364	850	86	at	at	IN
29364	850	87	the	the	DT
29364	850	88	rate	rate	NN
29364	850	89	of	of	IN
29364	850	90	four	four	CD
29364	850	91	per	per	NN
29364	850	92	cent	cent	NN
29364	850	93	.	.	.
29364	851	1	487.96	487.96	CD
29364	851	2	being	be	VBG
29364	851	3	the	the	DT
29364	851	4	rate	rate	NN
29364	851	5	at	at	IN
29364	851	6	which	which	WDT
29364	851	7	the	the	DT
29364	851	8	banker	banker	NN
29364	851	9	exporting	export	VBG
29364	851	10	the	the	DT
29364	851	11	gold	gold	NN
29364	851	12	was	be	VBD
29364	851	13	able	able	JJ
29364	851	14	to	to	TO
29364	851	15	sell	sell	VB
29364	851	16	his	-PRON-	PRP$
29364	851	17	demand	demand	NN
29364	851	18	draft	draft	NN
29364	851	19	at	at	IN
29364	851	20	the	the	DT
29364	851	21	time	time	NN
29364	851	22	,	,	,
29364	851	23	was	be	VBD
29364	851	24	,	,	,
29364	851	25	under	under	IN
29364	851	26	those	those	DT
29364	851	27	conditions	condition	NNS
29364	851	28	,	,	,
29364	851	29	the	the	DT
29364	851	30	"	"	``
29364	851	31	gold	gold	NN
29364	851	32	export	export	NN
29364	851	33	point	point	NN
29364	851	34	.	.	.
29364	851	35	"	"	''
29364	852	1	In	in	IN
29364	852	2	this	this	DT
29364	852	3	particular	particular	JJ
29364	852	4	operation	operation	NN
29364	852	5	,	,	,
29364	852	6	which	which	WDT
29364	852	7	was	be	VBD
29364	852	8	undertaken	undertake	VBN
29364	852	9	purely	purely	RB
29364	852	10	for	for	IN
29364	852	11	advertising	advertising	NN
29364	852	12	purposes	purpose	NNS
29364	852	13	,	,	,
29364	852	14	the	the	DT
29364	852	15	shipper	shipper	NN
29364	852	16	of	of	IN
29364	852	17	the	the	DT
29364	852	18	gold	gold	NN
29364	852	19	came	come	VBD
29364	852	20	out	out	RP
29364	852	21	exactly	exactly	RB
29364	852	22	even	even	RB
29364	852	23	.	.	.
29364	853	1	Suppose	suppose	VB
29364	853	2	,	,	,
29364	853	3	however	however	RB
29364	853	4	,	,	,
29364	853	5	that	that	IN
29364	853	6	he	-PRON-	PRP
29364	853	7	had	have	VBD
29364	853	8	been	be	VBN
29364	853	9	able	able	JJ
29364	853	10	to	to	TO
29364	853	11	sell	sell	VB
29364	853	12	his	-PRON-	PRP$
29364	853	13	draft	draft	NN
29364	853	14	,	,	,
29364	853	15	against	against	IN
29364	853	16	the	the	DT
29364	853	17	gold	gold	NN
29364	853	18	shipped	ship	VBN
29364	853	19	,	,	,
29364	853	20	at	at	IN
29364	853	21	4.88	4.88	CD
29364	853	22	instead	instead	RB
29364	853	23	of	of	IN
29364	853	24	4.87	4.87	CD
29364	853	25	-	-	SYM
29364	853	26	3/4	3/4	CD
29364	853	27	.	.	.
29364	854	1	That	that	DT
29364	854	2	would	would	MD
29364	854	3	have	have	VB
29364	854	4	meant	mean	VBN
29364	854	5	twenty	twenty	CD
29364	854	6	-	-	HYPH
29364	854	7	five	five	CD
29364	854	8	points	point	NNS
29364	854	9	(	(	-LRB-
29364	854	10	one	one	CD
29364	854	11	-	-	HYPH
29364	854	12	quarter	quarter	NN
29364	854	13	cent	cent	NN
29364	854	14	per	per	IN
29364	854	15	pound	pound	NN
29364	854	16	)	)	-RRB-
29364	854	17	more	more	RBR
29364	854	18	,	,	,
29364	854	19	which	which	WDT
29364	854	20	,	,	,
29364	854	21	on	on	IN
29364	854	22	£	£	$
29364	854	23	51,380	51,380	CD
29364	854	24	,	,	,
29364	854	25	would	would	MD
29364	854	26	have	have	VB
29364	854	27	amounted	amount	VBN
29364	854	28	to	to	IN
29364	854	29	$	$	$
29364	854	30	128.25	128.25	CD
29364	854	31	.	.	.
29364	855	1	This	this	DT
29364	855	2	question	question	NN
29364	855	3	of	of	IN
29364	855	4	the	the	DT
29364	855	5	profit	profit	NN
29364	855	6	on	on	IN
29364	855	7	gold	gold	NN
29364	855	8	exports	export	NNS
29364	855	9	is	be	VBZ
29364	855	10	both	both	CC
29364	855	11	interesting	interesting	JJ
29364	855	12	and	and	CC
29364	855	13	,	,	,
29364	855	14	because	because	IN
29364	855	15	it	-PRON-	PRP
29364	855	16	has	have	VBZ
29364	855	17	a	a	DT
29364	855	18	strong	strong	JJ
29364	855	19	bearing	bearing	NN
29364	855	20	at	at	IN
29364	855	21	times	time	NNS
29364	855	22	on	on	IN
29364	855	23	the	the	DT
29364	855	24	question	question	NN
29364	855	25	of	of	IN
29364	855	26	whether	whether	IN
29364	855	27	or	or	CC
29364	855	28	not	not	RB
29364	855	29	to	to	TO
29364	855	30	ship	ship	VB
29364	855	31	gold	gold	NN
29364	855	32	,	,	,
29364	855	33	important	important	JJ
29364	855	34	.	.	.
29364	856	1	No	no	DT
29364	856	2	rule	rule	NN
29364	856	3	can	can	MD
29364	856	4	be	be	VB
29364	856	5	laid	lay	VBN
29364	856	6	down	down	RP
29364	856	7	as	as	IN
29364	856	8	to	to	IN
29364	856	9	what	what	WP
29364	856	10	profit	profit	NN
29364	856	11	bankers	banker	NNS
29364	856	12	expect	expect	VBP
29364	856	13	to	to	TO
29364	856	14	make	make	VB
29364	856	15	on	on	IN
29364	856	16	shipments	shipment	NNS
29364	856	17	.	.	.
29364	857	1	If	if	IN
29364	857	2	,	,	,
29364	857	3	for	for	IN
29364	857	4	instance	instance	NN
29364	857	5	,	,	,
29364	857	6	a	a	DT
29364	857	7	banker	banker	NN
29364	857	8	owes	owe	VBZ
29364	857	9	£	£	$
29364	857	10	200,000	200,000	CD
29364	857	11	abroad	abroad	RB
29364	857	12	himself	-PRON-	PRP
29364	857	13	and	and	CC
29364	857	14	finds	find	VBZ
29364	857	15	it	-PRON-	PRP
29364	857	16	cheaper	cheap	JJR
29364	857	17	to	to	TO
29364	857	18	send	send	VB
29364	857	19	gold	gold	NN
29364	857	20	than	than	IN
29364	857	21	to	to	TO
29364	857	22	buy	buy	VB
29364	857	23	a	a	DT
29364	857	24	bill	bill	NN
29364	857	25	,	,	,
29364	857	26	the	the	DT
29364	857	27	question	question	NN
29364	857	28	of	of	IN
29364	857	29	profit	profit	NN
29364	857	30	does	do	VBZ
29364	857	31	not	not	RB
29364	857	32	enter	enter	VB
29364	857	33	at	at	RB
29364	857	34	all	all	RB
29364	857	35	.	.	.
29364	858	1	Then	then	RB
29364	858	2	,	,	,
29364	858	3	again	again	RB
29364	858	4	,	,	,
29364	858	5	many	many	JJ
29364	858	6	and	and	CC
29364	858	7	many	many	JJ
29364	858	8	an	an	DT
29364	858	9	export	export	NN
29364	858	10	transaction	transaction	NN
29364	858	11	is	be	VBZ
29364	858	12	induced	induce	VBN
29364	858	13	by	by	IN
29364	858	14	ulterior	ulterior	JJ
29364	858	15	motives	motive	NNS
29364	858	16	--	--	:
29364	858	17	it	-PRON-	PRP
29364	858	18	may	may	MD
29364	858	19	be	be	VB
29364	858	20	for	for	IN
29364	858	21	the	the	DT
29364	858	22	sake	sake	NN
29364	858	23	of	of	IN
29364	858	24	advertising	advertising	NN
29364	858	25	,	,	,
29364	858	26	or	or	CC
29364	858	27	for	for	IN
29364	858	28	stock	stock	NN
29364	858	29	market	market	NN
29364	858	30	purposes	purpose	NNS
29364	858	31	,	,	,
29364	858	32	or	or	CC
29364	858	33	because	because	IN
29364	858	34	some	some	DT
29364	858	35	correspondent	correspondent	NN
29364	858	36	abroad	abroad	RB
29364	858	37	needs	need	VBZ
29364	858	38	the	the	DT
29364	858	39	gold	gold	NN
29364	858	40	and	and	CC
29364	858	41	is	be	VBZ
29364	858	42	willing	willing	JJ
29364	858	43	to	to	TO
29364	858	44	pay	pay	VB
29364	858	45	for	for	IN
29364	858	46	it	-PRON-	PRP
29364	858	47	.	.	.
29364	859	1	Any	any	DT
29364	859	2	one	one	CD
29364	859	3	of	of	IN
29364	859	4	these	these	DT
29364	859	5	or	or	CC
29364	859	6	many	many	JJ
29364	859	7	like	like	IN
29364	859	8	reasons	reason	NNS
29364	859	9	may	may	MD
29364	859	10	explain	explain	VB
29364	859	11	the	the	DT
29364	859	12	phenomenon	phenomenon	NN
29364	859	13	,	,	,
29364	859	14	occasionally	occasionally	RB
29364	859	15	seen	see	VBN
29364	859	16	,	,	,
29364	859	17	of	of	IN
29364	859	18	gold	gold	NN
29364	859	19	exports	export	NNS
29364	859	20	at	at	IN
29364	859	21	a	a	DT
29364	859	22	time	time	NN
29364	859	23	when	when	WRB
29364	859	24	conditions	condition	NNS
29364	859	25	plainly	plainly	RB
29364	859	26	indicate	indicate	VBP
29364	859	27	that	that	IN
29364	859	28	the	the	DT
29364	859	29	exporter	exporter	NN
29364	859	30	is	be	VBZ
29364	859	31	shipping	ship	VBG
29364	859	32	at	at	IN
29364	859	33	a	a	DT
29364	859	34	loss	loss	NN
29364	859	35	.	.	.
29364	860	1	As	as	IN
29364	860	2	a	a	DT
29364	860	3	rule	rule	NN
29364	860	4	,	,	,
29364	860	5	however	however	RB
29364	860	6	,	,	,
29364	860	7	when	when	WRB
29364	860	8	exchange	exchange	NN
29364	860	9	is	be	VBZ
29364	860	10	scarce	scarce	JJ
29364	860	11	and	and	CC
29364	860	12	the	the	DT
29364	860	13	demand	demand	NN
29364	860	14	so	so	RB
29364	860	15	great	great	JJ
29364	860	16	that	that	IN
29364	860	17	bankers	banker	NNS
29364	860	18	who	who	WP
29364	860	19	do	do	VBP
29364	860	20	not	not	RB
29364	860	21	themselves	-PRON-	PRP
29364	860	22	owe	owe	VB
29364	860	23	money	money	NN
29364	860	24	abroad	abroad	RB
29364	860	25	see	see	VBP
29364	860	26	a	a	DT
29364	860	27	chance	chance	NN
29364	860	28	to	to	TO
29364	860	29	supply	supply	VB
29364	860	30	the	the	DT
29364	860	31	demand	demand	NN
29364	860	32	for	for	IN
29364	860	33	exchange	exchange	NN
29364	860	34	by	by	IN
29364	860	35	shipping	ship	VBG
29364	860	36	gold	gold	NN
29364	860	37	and	and	CC
29364	860	38	drawing	draw	VBG
29364	860	39	drafts	draft	NNS
29364	860	40	against	against	IN
29364	860	41	it	-PRON-	PRP
29364	860	42	,	,	,
29364	860	43	the	the	DT
29364	860	44	profit	profit	NN
29364	860	45	amounts	amount	VBZ
29364	860	46	to	to	IN
29364	860	47	anywhere	anywhere	RB
29364	860	48	from	from	IN
29364	860	49	$	$	$
29364	860	50	400	400	CD
29364	860	51	to	to	TO
29364	860	52	$	$	$
29364	860	53	1,000	1,000	CD
29364	860	54	on	on	IN
29364	860	55	each	each	DT
29364	860	56	million	million	CD
29364	860	57	dollars	dollar	NNS
29364	860	58	shipped	ship	VBN
29364	860	59	--	--	:
29364	860	60	for	for	IN
29364	860	61	less	less	JJR
29364	860	62	than	than	IN
29364	860	63	the	the	DT
29364	860	64	first	first	JJ
29364	860	65	amount	amount	NN
29364	860	66	named	name	VBN
29364	860	67	it	-PRON-	PRP
29364	860	68	is	be	VBZ
29364	860	69	hardly	hardly	RB
29364	860	70	worth	worth	JJ
29364	860	71	while	while	IN
29364	860	72	to	to	TO
29364	860	73	go	go	VB
29364	860	74	into	into	IN
29364	860	75	the	the	DT
29364	860	76	transaction	transaction	NN
29364	860	77	at	at	RB
29364	860	78	all	all	RB
29364	860	79	;	;	:
29364	860	80	on	on	IN
29364	860	81	the	the	DT
29364	860	82	other	other	JJ
29364	860	83	hand	hand	NN
29364	860	84	,	,	,
29364	860	85	conditions	condition	NNS
29364	860	86	have	have	VBP
29364	860	87	to	to	TO
29364	860	88	be	be	VB
29364	860	89	pretty	pretty	RB
29364	860	90	much	much	RB
29364	860	91	disordered	disorder	VBN
29364	860	92	to	to	TO
29364	860	93	force	force	VB
29364	860	94	exchange	exchange	NN
29364	860	95	to	to	IN
29364	860	96	a	a	DT
29364	860	97	point	point	NN
29364	860	98	where	where	WRB
29364	860	99	the	the	DT
29364	860	100	larger	large	JJR
29364	860	101	amount	amount	NN
29364	860	102	named	name	VBN
29364	860	103	can	can	MD
29364	860	104	be	be	VB
29364	860	105	earned	earn	VBN
29364	860	106	.	.	.
29364	861	1	_	_	NNP
29364	861	2	Import	Import	NNP
29364	861	3	of	of	IN
29364	861	4	Bars	Bars	NNPS
29364	861	5	from	from	IN
29364	861	6	London	London	NNP
29364	861	7	_	_	NNP
29364	861	8	Turning	turn	VBG
29364	861	9	now	now	RB
29364	861	10	to	to	IN
29364	861	11	the	the	DT
29364	861	12	discussion	discussion	NN
29364	861	13	of	of	IN
29364	861	14	the	the	DT
29364	861	15	conditions	condition	NNS
29364	861	16	under	under	IN
29364	861	17	which	which	WDT
29364	861	18	gold	gold	NN
29364	861	19	is	be	VBZ
29364	861	20	imported	import	VBN
29364	861	21	,	,	,
29364	861	22	it	-PRON-	PRP
29364	861	23	will	will	MD
29364	861	24	appear	appear	VB
29364	861	25	from	from	IN
29364	861	26	the	the	DT
29364	861	27	following	follow	VBG
29364	861	28	calculation	calculation	NN
29364	861	29	that	that	IN
29364	861	30	interest	interest	NN
29364	861	31	plays	play	VBZ
29364	861	32	a	a	DT
29364	861	33	much	much	RB
29364	861	34	more	more	RBR
29364	861	35	important	important	JJ
29364	861	36	part	part	NN
29364	861	37	in	in	IN
29364	861	38	the	the	DT
29364	861	39	case	case	NN
29364	861	40	of	of	IN
29364	861	41	gold	gold	JJ
29364	861	42	imports	import	NNS
29364	861	43	than	than	IN
29364	861	44	in	in	IN
29364	861	45	the	the	DT
29364	861	46	case	case	NN
29364	861	47	of	of	IN
29364	861	48	exports	export	NNS
29364	861	49	.	.	.
29364	862	1	With	with	IN
29364	862	2	exports	export	NNS
29364	862	3	,	,	,
29364	862	4	as	as	IN
29364	862	5	has	have	VBZ
29364	862	6	been	be	VBN
29364	862	7	shown	show	VBN
29364	862	8	,	,	,
29364	862	9	the	the	DT
29364	862	10	interest	interest	NN
29364	862	11	charge	charge	NN
29364	862	12	is	be	VBZ
29364	862	13	merely	merely	RB
29364	862	14	on	on	IN
29364	862	15	a	a	DT
29364	862	16	three	three	CD
29364	862	17	days	day	NNS
29364	862	18	'	'	POS
29364	862	19	overdraft	overdraft	NN
29364	862	20	,	,	,
29364	862	21	but	but	CC
29364	862	22	in	in	IN
29364	862	23	the	the	DT
29364	862	24	case	case	NN
29364	862	25	of	of	IN
29364	862	26	imports	import	NNS
29364	862	27	the	the	DT
29364	862	28	banker	banker	NN
29364	862	29	who	who	WP
29364	862	30	brings	bring	VBZ
29364	862	31	in	in	IN
29364	862	32	the	the	DT
29364	862	33	gold	gold	NN
29364	862	34	loses	lose	VBZ
29364	862	35	interest	interest	NN
29364	862	36	on	on	IN
29364	862	37	it	-PRON-	PRP
29364	862	38	for	for	IN
29364	862	39	the	the	DT
29364	862	40	whole	whole	JJ
29364	862	41	time	time	NN
29364	862	42	it	-PRON-	PRP
29364	862	43	is	be	VBZ
29364	862	44	in	in	IN
29364	862	45	transit	transit	NN
29364	862	46	and	and	CC
29364	862	47	for	for	IN
29364	862	48	a	a	DT
29364	862	49	day	day	NN
29364	862	50	or	or	CC
29364	862	51	two	two	CD
29364	862	52	on	on	IN
29364	862	53	each	each	DT
29364	862	54	end	end	NN
29364	862	55	,	,	,
29364	862	56	besides	besides	RB
29364	862	57	.	.	.
29364	863	1	A	a	DT
29364	863	2	New	New	NNP
29364	863	3	York	York	NNP
29364	863	4	banker	banker	NN
29364	863	5	,	,	,
29364	863	6	carrying	carry	VBG
29364	863	7	a	a	DT
29364	863	8	large	large	JJ
29364	863	9	balance	balance	NN
29364	863	10	in	in	IN
29364	863	11	London	London	NNP
29364	863	12	,	,	,
29364	863	13	for	for	IN
29364	863	14	instance	instance	NN
29364	863	15	,	,	,
29364	863	16	orders	order	VBZ
29364	863	17	his	-PRON-	PRP$
29364	863	18	London	London	NNP
29364	863	19	correspondent	correspondent	NN
29364	863	20	to	to	TO
29364	863	21	buy	buy	VB
29364	863	22	and	and	CC
29364	863	23	ship	ship	VB
29364	863	24	him	-PRON-	PRP
29364	863	25	a	a	DT
29364	863	26	certain	certain	JJ
29364	863	27	amount	amount	NN
29364	863	28	of	of	IN
29364	863	29	bar	bar	NN
29364	863	30	gold	gold	NN
29364	863	31	.	.	.
29364	864	1	This	this	DT
29364	864	2	the	the	DT
29364	864	3	London	London	NNP
29364	864	4	banker	banker	NN
29364	864	5	does	do	VBZ
29364	864	6	,	,	,
29364	864	7	charging	charge	VBG
29364	864	8	the	the	DT
29364	864	9	cost	cost	NN
29364	864	10	of	of	IN
29364	864	11	the	the	DT
29364	864	12	metal	metal	NN
29364	864	13	,	,	,
29364	864	14	and	and	CC
29364	864	15	all	all	DT
29364	864	16	shipping	shipping	NN
29364	864	17	charges	charge	NNS
29364	864	18	,	,	,
29364	864	19	to	to	IN
29364	864	20	the	the	DT
29364	864	21	account	account	NN
29364	864	22	of	of	IN
29364	864	23	the	the	DT
29364	864	24	New	New	NNP
29364	864	25	York	York	NNP
29364	864	26	banker	banker	NN
29364	864	27	.	.	.
29364	865	1	On	on	IN
29364	865	2	the	the	DT
29364	865	3	whole	whole	JJ
29364	865	4	amount	amount	NN
29364	865	5	thus	thus	RB
29364	865	6	charged	charge	VBN
29364	865	7	,	,	,
29364	865	8	therefore	therefore	RB
29364	865	9	,	,	,
29364	865	10	the	the	DT
29364	865	11	New	New	NNP
29364	865	12	York	York	NNP
29364	865	13	banker	banker	NN
29364	865	14	loses	lose	VBZ
29364	865	15	interest	interest	NN
29364	865	16	while	while	IN
29364	865	17	the	the	DT
29364	865	18	gold	gold	NN
29364	865	19	is	be	VBZ
29364	865	20	afloat	afloat	RB
29364	865	21	.	.	.
29364	866	1	Even	even	RB
29364	866	2	after	after	IN
29364	866	3	the	the	DT
29364	866	4	gold	gold	NN
29364	866	5	arrives	arrive	VBZ
29364	866	6	in	in	IN
29364	866	7	New	New	NNP
29364	866	8	York	York	NNP
29364	866	9	,	,	,
29364	866	10	of	of	IN
29364	866	11	course	course	NN
29364	866	12	,	,	,
29364	866	13	the	the	DT
29364	866	14	depleted	depleted	JJ
29364	866	15	balance	balance	NN
29364	866	16	abroad	abroad	RB
29364	866	17	continues	continue	VBZ
29364	866	18	to	to	TO
29364	866	19	draw	draw	VB
29364	866	20	less	less	JJR
29364	866	21	interest	interest	NN
29364	866	22	than	than	IN
29364	866	23	formerly	formerly	RB
29364	866	24	,	,	,
29364	866	25	but	but	CC
29364	866	26	to	to	TO
29364	866	27	make	make	VB
29364	866	28	up	up	RP
29364	866	29	for	for	IN
29364	866	30	that	that	DT
29364	866	31	the	the	DT
29364	866	32	gold	gold	NN
29364	866	33	begins	begin	VBZ
29364	866	34	to	to	TO
29364	866	35	earn	earn	VB
29364	866	36	interest	interest	NN
29364	866	37	as	as	RB
29364	866	38	soon	soon	RB
29364	866	39	as	as	IN
29364	866	40	it	-PRON-	PRP
29364	866	41	gets	get	VBZ
29364	866	42	here	here	RB
29364	866	43	.	.	.
29364	867	1	The	the	DT
29364	867	2	transaction	transaction	NN
29364	867	3	given	give	VBN
29364	867	4	below	below	RB
29364	867	5	is	be	VBZ
29364	867	6	one	one	CD
29364	867	7	which	which	WDT
29364	867	8	was	be	VBD
29364	867	9	made	make	VBN
29364	867	10	under	under	IN
29364	867	11	the	the	DT
29364	867	12	above	above	JJ
29364	867	13	conditions	condition	NNS
29364	867	14	--	--	:
29364	867	15	the	the	DT
29364	867	16	importer	importer	NN
29364	867	17	in	in	IN
29364	867	18	New	New	NNP
29364	867	19	York	York	NNP
29364	867	20	had	have	VBD
29364	867	21	a	a	DT
29364	867	22	good	good	JJ
29364	867	23	balance	balance	NN
29364	867	24	in	in	IN
29364	867	25	London	London	NNP
29364	867	26	and	and	CC
29364	867	27	ordered	order	VBD
29364	867	28	his	-PRON-	PRP$
29364	867	29	London	London	NNP
29364	867	30	correspondent	correspondent	NN
29364	867	31	to	to	TO
29364	867	32	buy	buy	VB
29364	867	33	and	and	CC
29364	867	34	ship	ship	VB
29364	867	35	about	about	RB
29364	867	36	$	$	$
29364	867	37	1,000,000	1,000,000	CD
29364	867	38	of	of	IN
29364	867	39	gold	gold	NN
29364	867	40	,	,	,
29364	867	41	charging	charge	VBG
29364	867	42	the	the	DT
29364	867	43	cost	cost	NN
29364	867	44	and	and	CC
29364	867	45	all	all	DT
29364	867	46	expenses	expense	NNS
29364	867	47	to	to	IN
29364	867	48	his	-PRON-	PRP$
29364	867	49	(	(	-LRB-
29364	867	50	the	the	DT
29364	867	51	New	New	NNP
29364	867	52	York	York	NNP
29364	867	53	banker	banker	NN
29364	867	54	's	's	POS
29364	867	55	)	)	-RRB-
29364	867	56	account	account	NN
29364	867	57	.	.	.
29364	868	1	In	in	IN
29364	868	2	this	this	DT
29364	868	3	particular	particular	JJ
29364	868	4	case	case	NN
29364	868	5	the	the	DT
29364	868	6	interest	interest	NN
29364	868	7	lost	lose	VBN
29364	868	8	in	in	IN
29364	868	9	London	London	NNP
29364	868	10	was	be	VBD
29364	868	11	at	at	IN
29364	868	12	six	six	CD
29364	868	13	per	per	IN
29364	868	14	cent	cent	NN
29364	868	15	.	.	.
29364	869	1	and	and	CC
29364	869	2	lasted	last	VBD
29364	869	3	for	for	IN
29364	869	4	ten	ten	CD
29364	869	5	days	day	NNS
29364	869	6	.	.	.
29364	870	1	Cost	cost	NN
29364	870	2	in	in	IN
29364	870	3	the	the	DT
29364	870	4	London	London	NNP
29364	870	5	market	market	NN
29364	870	6	of	of	IN
29364	870	7	52,782	52,782	CD
29364	870	8	ounces	ounce	NNS
29364	870	9	of	of	IN
29364	870	10	gold	gold	NN
29364	870	11	(	(	-LRB-
29364	870	12	.9166	.9166	NFP
29364	870	13	fine	fine	JJ
29364	870	14	)	)	-RRB-
29364	870	15	at	at	IN
29364	870	16	77	77	CD
29364	870	17	shillings	shilling	NNS
29364	870	18	,	,	,
29364	870	19	11	11	CD
29364	870	20	-	-	SYM
29364	870	21	3/4	3/4	CD
29364	870	22	pence	pence	NN
29364	870	23	per	per	IN
29364	870	24	ounce	ounce	NN
29364	870	25	£	£	$
29364	870	26	205,795	205,795	CD
29364	870	27	Freight	freight	NN
29364	870	28	(	(	-LRB-
29364	870	29	5/32	5/32	CD
29364	870	30	per	per	IN
29364	870	31	cent	cent	NN
29364	870	32	.	.	.
29364	870	33	)	)	-RRB-
29364	871	1	320	320	CD
29364	871	2	Insurance	insurance	NN
29364	871	3	102	102	CD
29364	871	4	Boxing	box	VBG
29364	871	5	and	and	CC
29364	871	6	carting	cart	VBG
29364	871	7	9	9	CD
29364	871	8	Commission	Commission	NNP
29364	871	9	for	for	IN
29364	871	10	buying	buy	VBG
29364	871	11	the	the	DT
29364	871	12	gold	gold	NN
29364	871	13	26	26	CD
29364	871	14	Interest	interest	NN
29364	871	15	on	on	IN
29364	871	16	cost	cost	NN
29364	871	17	of	of	IN
29364	871	18	gold	gold	NN
29364	871	19	and	and	CC
29364	871	20	on	on	IN
29364	871	21	charges	charge	NNS
29364	871	22	,	,	,
29364	871	23	while	while	IN
29364	871	24	gold	gold	NN
29364	871	25	is	be	VBZ
29364	871	26	in	in	IN
29364	871	27	transit	transit	NN
29364	871	28	,	,	,
29364	871	29	10	10	CD
29364	871	30	days	day	NNS
29364	871	31	at	at	IN
29364	871	32	6	6	CD
29364	871	33	per	per	NN
29364	871	34	cent	cent	NN
29364	871	35	.	.	.
29364	872	1	343	343	CD
29364	872	2	----------	----------	NFP
29364	872	3	£	£	$
29364	872	4	206,595	206,595	CD
29364	872	5	Proceeds	proceed	NNS
29364	872	6	,	,	,
29364	872	7	at	at	IN
29364	872	8	U.S.	U.S.	NNP
29364	872	9	Sub	Sub	NNP
29364	872	10	-	-	HYPH
29364	872	11	Treasury	Treasury	NNP
29364	872	12	in	in	IN
29364	872	13	New	New	NNP
29364	872	14	York	York	NNP
29364	872	15	,	,	,
29364	872	16	of	of	IN
29364	872	17	the	the	DT
29364	872	18	52,782	52,782	CD
29364	872	19	ounces	ounce	NNS
29364	872	20	of	of	IN
29364	872	21	gold	gold	NN
29364	872	22	at	at	IN
29364	872	23	$	$	$
29364	872	24	18.9459	18.9459	CD
29364	872	25	per	per	IN
29364	872	26	ounce	ounce	NN
29364	872	27	$	$	$
29364	872	28	1,000,000	1,000,000	CD
29364	872	29	$	$	$
29364	872	30	1,000,000	1,000,000	CD
29364	872	31	invested	invest	VBN
29364	872	32	in	in	IN
29364	872	33	a	a	DT
29364	872	34	cable	cable	NN
29364	872	35	on	on	IN
29364	872	36	London	London	NNP
29364	872	37	at	at	IN
29364	872	38	$	$	$
29364	872	39	484.04	484.04	CD
29364	872	40	£	£	$
29364	872	41	206,595	206,595	CD
29364	872	42	In	in	IN
29364	872	43	the	the	DT
29364	872	44	above	above	JJ
29364	872	45	calculation	calculation	NN
29364	872	46	it	-PRON-	PRP
29364	872	47	will	will	MD
29364	872	48	be	be	VB
29364	872	49	seen	see	VBN
29364	872	50	that	that	IN
29364	872	51	the	the	DT
29364	872	52	proceeds	proceed	NNS
29364	872	53	of	of	IN
29364	872	54	the	the	DT
29364	872	55	gold	gold	NN
29364	872	56	imported	import	VBN
29364	872	57	were	be	VBD
29364	872	58	exactly	exactly	RB
29364	872	59	enough	enough	JJ
29364	872	60	to	to	TO
29364	872	61	buy	buy	VB
29364	872	62	a	a	DT
29364	872	63	cable	cable	NN
29364	872	64	on	on	IN
29364	872	65	London	London	NNP
29364	872	66	sufficiently	sufficiently	RB
29364	872	67	large	large	JJ
29364	872	68	to	to	TO
29364	872	69	cancel	cancel	VB
29364	872	70	the	the	DT
29364	872	71	original	original	JJ
29364	872	72	outlay	outlay	NN
29364	872	73	for	for	IN
29364	872	74	the	the	DT
29364	872	75	gold	gold	NN
29364	872	76	and	and	CC
29364	872	77	the	the	DT
29364	872	78	expenses	expense	NNS
29364	872	79	incurred	incur	VBN
29364	872	80	in	in	IN
29364	872	81	shipping	ship	VBG
29364	872	82	it	-PRON-	PRP
29364	872	83	over	over	RP
29364	872	84	here	here	RB
29364	872	85	.	.	.
29364	873	1	On	on	IN
29364	873	2	the	the	DT
29364	873	3	whole	whole	JJ
29364	873	4	transaction	transaction	NN
29364	873	5	the	the	DT
29364	873	6	banker	banker	NN
29364	873	7	importing	import	VBG
29364	873	8	the	the	DT
29364	873	9	gold	gold	NN
29364	873	10	came	come	VBD
29364	873	11	out	out	RP
29364	873	12	exactly	exactly	RB
29364	873	13	even	even	RB
29364	873	14	;	;	:
29364	873	15	a	a	DT
29364	873	16	trifle	trifle	NN
29364	873	17	over	over	IN
29364	873	18	4.84	4.84	CD
29364	873	19	was	be	VBD
29364	873	20	the	the	DT
29364	873	21	"	"	``
29364	873	22	gold	gold	NN
29364	873	23	import	import	NN
29364	873	24	point	point	NN
29364	873	25	"	"	''
29364	873	26	at	at	IN
29364	873	27	the	the	DT
29364	873	28	time	time	NN
29364	873	29	.	.	.
29364	874	1	In	in	IN
29364	874	2	a	a	DT
29364	874	3	general	general	JJ
29364	874	4	way	way	NN
29364	874	5	it	-PRON-	PRP
29364	874	6	can	can	MD
29364	874	7	be	be	VB
29364	874	8	said	say	VBN
29364	874	9	that	that	IN
29364	874	10	the	the	DT
29364	874	11	profit	profit	NN
29364	874	12	made	make	VBN
29364	874	13	on	on	IN
29364	874	14	gold	gold	JJ
29364	874	15	import	import	NN
29364	874	16	operations	operation	NNS
29364	874	17	is	be	VBZ
29364	874	18	less	less	JJR
29364	874	19	than	than	IN
29364	874	20	where	where	WRB
29364	874	21	gold	gold	NN
29364	874	22	is	be	VBZ
29364	874	23	exported	export	VBN
29364	874	24	.	.	.
29364	875	1	Banking	banking	NN
29364	875	2	houses	house	NNS
29364	875	3	big	big	JJ
29364	875	4	enough	enough	RB
29364	875	5	and	and	CC
29364	875	6	strong	strong	JJ
29364	875	7	enough	enough	RB
29364	875	8	to	to	TO
29364	875	9	engage	engage	VB
29364	875	10	in	in	IN
29364	875	11	business	business	NN
29364	875	12	of	of	IN
29364	875	13	this	this	DT
29364	875	14	character	character	NN
29364	875	15	are	be	VBP
29364	875	16	more	more	RBR
29364	875	17	apt	apt	JJ
29364	875	18	to	to	TO
29364	875	19	be	be	VB
29364	875	20	on	on	IN
29364	875	21	the	the	DT
29364	875	22	constructive	constructive	JJ
29364	875	23	side	side	NN
29364	875	24	of	of	IN
29364	875	25	the	the	DT
29364	875	26	market	market	NN
29364	875	27	than	than	IN
29364	875	28	on	on	IN
29364	875	29	the	the	DT
29364	875	30	other	other	JJ
29364	875	31	,	,	,
29364	875	32	and	and	CC
29364	875	33	will	will	MD
29364	875	34	frequently	frequently	RB
29364	875	35	bring	bring	VB
29364	875	36	in	in	RP
29364	875	37	gold	gold	NN
29364	875	38	at	at	IN
29364	875	39	no	no	DT
29364	875	40	profit	profit	NN
29364	875	41	to	to	IN
29364	875	42	themselves	-PRON-	PRP
29364	875	43	,	,	,
29364	875	44	or	or	CC
29364	875	45	even	even	RB
29364	875	46	at	at	IN
29364	875	47	a	a	DT
29364	875	48	loss	loss	NN
29364	875	49	,	,	,
29364	875	50	in	in	IN
29364	875	51	order	order	NN
29364	875	52	to	to	TO
29364	875	53	further	further	VB
29364	875	54	their	-PRON-	PRP$
29364	875	55	plans	plan	NNS
29364	875	56	.	.	.
29364	876	1	It	-PRON-	PRP
29364	876	2	does	do	VBZ
29364	876	3	happen	happen	VB
29364	876	4	,	,	,
29364	876	5	of	of	IN
29364	876	6	course	course	NN
29364	876	7	,	,	,
29364	876	8	that	that	DT
29364	876	9	gold	gold	NN
29364	876	10	is	be	VBZ
29364	876	11	sometimes	sometimes	RB
29364	876	12	shipped	ship	VBN
29364	876	13	out	out	RP
29364	876	14	for	for	IN
29364	876	15	stock	stock	NN
29364	876	16	market	market	NN
29364	876	17	effect	effect	NN
29364	876	18	,	,	,
29364	876	19	but	but	CC
29364	876	20	the	the	DT
29364	876	21	effect	effect	NN
29364	876	22	of	of	IN
29364	876	23	gold	gold	NN
29364	876	24	exports	export	NNS
29364	876	25	is	be	VBZ
29364	876	26	growing	grow	VBG
29364	876	27	less	less	JJR
29364	876	28	and	and	CC
29364	876	29	less	less	RBR
29364	876	30	.	.	.
29364	877	1	Gold	gold	NN
29364	877	2	imports	import	NNS
29364	877	3	,	,	,
29364	877	4	on	on	IN
29364	877	5	the	the	DT
29364	877	6	other	other	JJ
29364	877	7	hand	hand	NN
29364	877	8	,	,	,
29364	877	9	are	be	VBP
29364	877	10	always	always	RB
29364	877	11	a	a	DT
29364	877	12	stimulating	stimulating	JJ
29364	877	13	factor	factor	NN
29364	877	14	and	and	CC
29364	877	15	are	be	VBP
29364	877	16	good	good	JJ
29364	877	17	live	live	JJ
29364	877	18	stock	stock	NN
29364	877	19	market	market	NN
29364	877	20	ammunition	ammunition	NN
29364	877	21	as	as	RB
29364	877	22	well	well	RB
29364	877	23	as	as	IN
29364	877	24	a	a	DT
29364	877	25	constructive	constructive	JJ
29364	877	26	argument	argument	NN
29364	877	27	regarding	regard	VBG
29364	877	28	the	the	DT
29364	877	29	price	price	NN
29364	877	30	of	of	IN
29364	877	31	investments	investment	NNS
29364	877	32	in	in	IN
29364	877	33	general	general	JJ
29364	877	34	.	.	.
29364	878	1	_	_	NNP
29364	878	2	Exports	export	NNS
29364	878	3	of	of	IN
29364	878	4	Gold	Gold	NNP
29364	878	5	Bars	Bars	NNP
29364	878	6	to	to	IN
29364	878	7	Paris	Paris	NNP
29364	878	8	--	--	:
29364	878	9	the	the	DT
29364	878	10	"	"	``
29364	878	11	Triangular	Triangular	NNP
29364	878	12	Operation	Operation	NNP
29364	878	13	"	"	''
29364	878	14	_	_	NNP
29364	878	15	Calculations	Calculations	NNPS
29364	878	16	have	have	VBP
29364	878	17	been	be	VBN
29364	878	18	given	give	VBN
29364	878	19	regarding	regard	VBG
29364	878	20	the	the	DT
29364	878	21	movement	movement	NN
29364	878	22	of	of	IN
29364	878	23	bar	bar	NN
29364	878	24	gold	gold	NN
29364	878	25	between	between	IN
29364	878	26	London	London	NNP
29364	878	27	and	and	CC
29364	878	28	New	New	NNP
29364	878	29	York	York	NNP
29364	878	30	--	--	:
29364	878	31	what	what	WP
29364	878	32	is	be	VBZ
29364	878	33	ordinarily	ordinarily	RB
29364	878	34	known	know	VBN
29364	878	35	as	as	IN
29364	878	36	the	the	DT
29364	878	37	"	"	``
29364	878	38	direct	direct	JJ
29364	878	39	"	"	''
29364	878	40	movement	movement	NN
29364	878	41	.	.	.
29364	879	1	"	"	``
29364	879	2	Indirect	indirect	JJ
29364	879	3	"	"	''
29364	879	4	movements	movement	NNS
29364	879	5	,	,	,
29364	879	6	however	however	RB
29364	879	7	,	,	,
29364	879	8	have	have	VBP
29364	879	9	figured	figure	VBN
29364	879	10	so	so	RB
29364	879	11	prominently	prominently	RB
29364	879	12	of	of	IN
29364	879	13	recent	recent	JJ
29364	879	14	years	year	NNS
29364	879	15	in	in	IN
29364	879	16	the	the	DT
29364	879	17	exchange	exchange	NN
29364	879	18	market	market	NN
29364	879	19	that	that	IN
29364	879	20	at	at	RB
29364	879	21	least	least	RBS
29364	879	22	one	one	CD
29364	879	23	example	example	NN
29364	879	24	ought	ought	MD
29364	879	25	perhaps	perhaps	RB
29364	879	26	to	to	TO
29364	879	27	be	be	VB
29364	879	28	given	give	VBN
29364	879	29	.	.	.
29364	880	1	Far	far	RB
29364	880	2	and	and	CC
29364	880	3	away	away	RB
29364	880	4	the	the	DT
29364	880	5	most	most	RBS
29364	880	6	important	important	JJ
29364	880	7	of	of	IN
29364	880	8	such	such	JJ
29364	880	9	"	"	``
29364	880	10	indirect	indirect	JJ
29364	880	11	movements	movement	NNS
29364	880	12	"	"	''
29364	880	13	are	be	VBP
29364	880	14	those	those	DT
29364	880	15	in	in	IN
29364	880	16	which	which	WDT
29364	880	17	gold	gold	NN
29364	880	18	is	be	VBZ
29364	880	19	shipped	ship	VBN
29364	880	20	from	from	IN
29364	880	21	New	New	NNP
29364	880	22	York	York	NNP
29364	880	23	to	to	IN
29364	880	24	Paris	Paris	NNP
29364	880	25	for	for	IN
29364	880	26	the	the	DT
29364	880	27	sake	sake	NN
29364	880	28	of	of	IN
29364	880	29	creating	create	VBG
29364	880	30	a	a	DT
29364	880	31	credit	credit	NN
29364	880	32	balance	balance	NN
29364	880	33	in	in	IN
29364	880	34	London	London	NNP
29364	880	35	.	.	.
29364	881	1	Before	before	IN
29364	881	2	examining	examine	VBG
29364	881	3	the	the	DT
29364	881	4	actual	actual	JJ
29364	881	5	figures	figure	NNS
29364	881	6	of	of	IN
29364	881	7	such	such	PDT
29364	881	8	an	an	DT
29364	881	9	operation	operation	NN
29364	881	10	it	-PRON-	PRP
29364	881	11	may	may	MD
29364	881	12	be	be	VB
29364	881	13	well	well	JJ
29364	881	14	to	to	TO
29364	881	15	glance	glance	VB
29364	881	16	at	at	IN
29364	881	17	the	the	DT
29364	881	18	theory	theory	NN
29364	881	19	of	of	IN
29364	881	20	the	the	DT
29364	881	21	thing	thing	NN
29364	881	22	.	.	.
29364	882	1	A	a	DT
29364	882	2	New	New	NNP
29364	882	3	York	York	NNP
29364	882	4	banker	banker	NN
29364	882	5	,	,	,
29364	882	6	say	say	VBP
29364	882	7	,	,	,
29364	882	8	for	for	IN
29364	882	9	any	any	DT
29364	882	10	one	one	CD
29364	882	11	of	of	IN
29364	882	12	many	many	JJ
29364	882	13	different	different	JJ
29364	882	14	reasons	reason	NNS
29364	882	15	,	,	,
29364	882	16	wants	want	VBZ
29364	882	17	to	to	TO
29364	882	18	create	create	VB
29364	882	19	a	a	DT
29364	882	20	credit	credit	NN
29364	882	21	balance	balance	NN
29364	882	22	in	in	IN
29364	882	23	London	London	NNP
29364	882	24	.	.	.
29364	883	1	Examining	examine	VBG
29364	883	2	exchange	exchange	NN
29364	883	3	conditions	condition	NNS
29364	883	4	,	,	,
29364	883	5	he	-PRON-	PRP
29364	883	6	finds	find	VBZ
29364	883	7	that	that	IN
29364	883	8	sterling	sterling	NN
29364	883	9	drafts	draft	VBZ
29364	883	10	drawn	draw	VBN
29364	883	11	on	on	IN
29364	883	12	London	London	NNP
29364	883	13	are	be	VBP
29364	883	14	to	to	TO
29364	883	15	be	be	VB
29364	883	16	had	have	VBN
29364	883	17	relatively	relatively	RB
29364	883	18	cheaper	cheap	JJR
29364	883	19	_	_	NNP
29364	883	20	in	in	IN
29364	883	21	Paris	Paris	NNP
29364	883	22	_	_	NNP
29364	883	23	than	than	IN
29364	883	24	in	in	IN
29364	883	25	New	New	NNP
29364	883	26	York	York	NNP
29364	883	27	.	.	.
29364	884	1	In	in	IN
29364	884	2	the	the	DT
29364	884	3	natural	natural	JJ
29364	884	4	course	course	NN
29364	884	5	of	of	IN
29364	884	6	exchange	exchange	NN
29364	884	7	arbitrage	arbitrage	NN
29364	884	8	the	the	DT
29364	884	9	New	New	NNP
29364	884	10	York	York	NNP
29364	884	11	banker	banker	NN
29364	884	12	would	would	MD
29364	884	13	therefore	therefore	RB
29364	884	14	buy	buy	VB
29364	884	15	a	a	DT
29364	884	16	draft	draft	NN
29364	884	17	on	on	IN
29364	884	18	Paris	Paris	NNP
29364	884	19	and	and	CC
29364	884	20	send	send	VB
29364	884	21	it	-PRON-	PRP
29364	884	22	to	to	IN
29364	884	23	his	-PRON-	PRP$
29364	884	24	French	french	JJ
29364	884	25	correspondent	correspondent	NN
29364	884	26	with	with	IN
29364	884	27	instruction	instruction	NN
29364	884	28	to	to	TO
29364	884	29	use	use	VB
29364	884	30	it	-PRON-	PRP
29364	884	31	to	to	TO
29364	884	32	buy	buy	VB
29364	884	33	a	a	DT
29364	884	34	draft	draft	NN
29364	884	35	on	on	IN
29364	884	36	London	London	NNP
29364	884	37	and	and	CC
29364	884	38	to	to	TO
29364	884	39	remit	remit	VB
29364	884	40	such	such	JJ
29364	884	41	draft	draft	NN
29364	884	42	to	to	IN
29364	884	43	London	London	NNP
29364	884	44	for	for	IN
29364	884	45	credit	credit	NN
29364	884	46	of	of	IN
29364	884	47	his	-PRON-	PRP$
29364	884	48	(	(	-LRB-
29364	884	49	the	the	DT
29364	884	50	American	american	JJ
29364	884	51	banker	banker	NN
29364	884	52	's	's	POS
29364	884	53	)	)	-RRB-
29364	884	54	account	account	NN
29364	884	55	.	.	.
29364	885	1	But	but	CC
29364	885	2	exchange	exchange	VB
29364	885	3	on	on	IN
29364	885	4	Paris	Paris	NNP
29364	885	5	is	be	VBZ
29364	885	6	not	not	RB
29364	885	7	always	always	RB
29364	885	8	plentiful	plentiful	JJ
29364	885	9	in	in	IN
29364	885	10	the	the	DT
29364	885	11	New	New	NNP
29364	885	12	York	York	NNP
29364	885	13	market	market	NN
29364	885	14	,	,	,
29364	885	15	and	and	CC
29364	885	16	very	very	RB
29364	885	17	likely	likely	RB
29364	885	18	the	the	DT
29364	885	19	New	New	NNP
29364	885	20	York	York	NNP
29364	885	21	banker	banker	NN
29364	885	22	will	will	MD
29364	885	23	find	find	VB
29364	885	24	that	that	IN
29364	885	25	if	if	IN
29364	885	26	he	-PRON-	PRP
29364	885	27	wants	want	VBZ
29364	885	28	to	to	TO
29364	885	29	send	send	VB
29364	885	30	anything	anything	NN
29364	885	31	to	to	IN
29364	885	32	Paris	Paris	NNP
29364	885	33	he	-PRON-	PRP
29364	885	34	will	will	MD
29364	885	35	have	have	VB
29364	885	36	to	to	TO
29364	885	37	send	send	VB
29364	885	38	gold	gold	NN
29364	885	39	.	.	.
29364	886	1	Assume	Assume	NNP
29364	886	2	,	,	,
29364	886	3	then	then	RB
29364	886	4	,	,	,
29364	886	5	that	that	IN
29364	886	6	he	-PRON-	PRP
29364	886	7	finds	find	VBZ
29364	886	8	conditions	condition	NNS
29364	886	9	favorable	favorable	JJ
29364	886	10	and	and	CC
29364	886	11	decides	decide	VBZ
29364	886	12	to	to	TO
29364	886	13	thus	thus	RB
29364	886	14	transfer	transfer	VB
29364	886	15	a	a	DT
29364	886	16	couple	couple	NN
29364	886	17	of	of	IN
29364	886	18	hundred	hundred	CD
29364	886	19	thousand	thousand	CD
29364	886	20	pounds	pound	NNS
29364	886	21	to	to	IN
29364	886	22	London	London	NNP
29364	886	23	by	by	IN
29364	886	24	sending	send	VBG
29364	886	25	gold	gold	NN
29364	886	26	to	to	IN
29364	886	27	Paris	Paris	NNP
29364	886	28	.	.	.
29364	887	1	The	the	DT
29364	887	2	operation	operation	NN
29364	887	3	might	may	MD
29364	887	4	work	work	VB
29364	887	5	out	out	RP
29364	887	6	as	as	IN
29364	887	7	follows	follow	VBZ
29364	887	8	:	:	:
29364	887	9	Cost	cost	NN
29364	887	10	of	of	IN
29364	887	11	48,500	48,500	CD
29364	887	12	ounces	ounce	NNS
29364	887	13	of	of	IN
29364	887	14	bar	bar	NN
29364	887	15	gold	gold	NN
29364	887	16	(	(	-LRB-
29364	887	17	.995	.995	CD
29364	887	18	fine	fine	NN
29364	887	19	)	)	-RRB-
29364	887	20	at	at	IN
29364	887	21	U.S.	U.S.	NNP
29364	887	22	Sub	Sub	NNP
29364	887	23	-	-	HYPH
29364	887	24	Treasury	Treasury	NNP
29364	887	25	,	,	,
29364	887	26	New	New	NNP
29364	887	27	York	York	NNP
29364	887	28	,	,	,
29364	887	29	at	at	IN
29364	887	30	$	$	$
29364	887	31	20.5684	20.5684	CD
29364	887	32	per	per	IN
29364	887	33	ounce	ounce	NN
29364	887	34	$	$	$
29364	887	35	997,567	997,567	CD
29364	887	36	Insurance	Insurance	NNP
29364	887	37	(	(	-LRB-
29364	887	38	4	4	CD
29364	887	39	-	-	SYM
29364	887	40	1/2	1/2	CD
29364	887	41	cents	cent	NNS
29364	887	42	per	per	IN
29364	887	43	$	$	$
29364	887	44	100	100	CD
29364	887	45	)	)	-RRB-
29364	887	46	450	450	CD
29364	887	47	Freight	freight	NN
29364	887	48	(	(	-LRB-
29364	887	49	5/32	5/32	CD
29364	887	50	per	per	IN
29364	887	51	cent	cent	NN
29364	887	52	.	.	.
29364	887	53	)	)	-RRB-
29364	888	1	1,555	1,555	CD
29364	888	2	Assay	Assay	NNP
29364	888	3	office	office	NN
29364	888	4	charges	charge	NNS
29364	888	5	(	(	-LRB-
29364	888	6	4	4	CD
29364	888	7	cents	cent	NNS
29364	888	8	per	per	IN
29364	888	9	$	$	$
29364	888	10	100	100	CD
29364	888	11	)	)	-RRB-
29364	888	12	400	400	CD
29364	888	13	Cartage	cartage	NN
29364	888	14	and	and	CC
29364	888	15	packing	pack	VBG
29364	888	16	60	60	CD
29364	888	17	Commission	Commission	NNP
29364	888	18	in	in	IN
29364	888	19	Paris	Paris	NNP
29364	888	20	250	250	CD
29364	888	21	Interest	interest	NN
29364	888	22	from	from	IN
29364	888	23	time	time	NN
29364	888	24	gold	gold	NN
29364	888	25	is	be	VBZ
29364	888	26	shipped	ship	VBN
29364	888	27	from	from	IN
29364	888	28	New	New	NNP
29364	888	29	York	York	NNP
29364	888	30	until	until	IN
29364	888	31	draft	draft	NN
29364	888	32	on	on	IN
29364	888	33	new	new	JJ
29364	888	34	credit	credit	NN
29364	888	35	in	in	IN
29364	888	36	London	London	NNP
29364	888	37	can	can	MD
29364	888	38	be	be	VB
29364	888	39	safely	safely	RB
29364	888	40	drawn	draw	VBN
29364	888	41	and	and	CC
29364	888	42	sold	sell	VBN
29364	888	43	,	,	,
29364	888	44	6	6	CD
29364	888	45	daysat	daysat	NNS
29364	888	46	2	2	CD
29364	888	47	per	per	NN
29364	888	48	cent	cent	NN
29364	888	49	.	.	.
29364	889	1	333	333	CD
29364	889	2	-----------	-----------	CD
29364	889	3	$	$	$
29364	889	4	1,000,615	1,000,615	CD
29364	889	5	The	the	DT
29364	889	6	gold	gold	NN
29364	889	7	arrives	arrive	VBZ
29364	889	8	in	in	IN
29364	889	9	Paris	Paris	NNP
29364	889	10	and	and	CC
29364	889	11	is	be	VBZ
29364	889	12	bought	buy	VBN
29364	889	13	by	by	IN
29364	889	14	the	the	DT
29364	889	15	Bank	Bank	NNP
29364	889	16	of	of	IN
29364	889	17	France--	France--	NNP
29364	889	18	48,500	48,500	CD
29364	889	19	ounces	ounce	NNS
29364	889	20	at	at	IN
29364	889	21	fcs	fcs	NNP
29364	889	22	.	.	.
29364	890	1	106.3705	106.3705	NNS
29364	890	2	per	per	IN
29364	890	3	ounce	ounce	NN
29364	890	4	,	,	,
29364	890	5	equals	equal	VBZ
29364	890	6	fcs	fcs	NNP
29364	890	7	.	.	.
29364	891	1	5,158,969	5,158,969	CD
29364	891	2	That	that	DT
29364	891	3	amount	amount	NN
29364	891	4	of	of	IN
29364	891	5	francs	franc	NNS
29364	891	6	then	then	RB
29364	891	7	invested	invest	VBN
29364	891	8	in	in	IN
29364	891	9	a	a	DT
29364	891	10	check	check	NN
29364	891	11	on	on	IN
29364	891	12	London	London	NNP
29364	891	13	,	,	,
29364	891	14	and	and	CC
29364	891	15	the	the	DT
29364	891	16	check	check	NN
29364	891	17	sent	send	VBN
29364	891	18	to	to	IN
29364	891	19	London	London	NNP
29364	891	20	for	for	IN
29364	891	21	credit	credit	NN
29364	891	22	of	of	IN
29364	891	23	the	the	DT
29364	891	24	American	american	JJ
29364	891	25	banker	banker	NN
29364	891	26	,	,	,
29364	891	27	fcs	fcs	NNP
29364	891	28	.	.	.
29364	892	1	5,158,969	5,158,969	CD
29364	892	2	at	at	IN
29364	892	3	25	25	CD
29364	892	4	francs	franc	NNS
29364	892	5	10	10	CD
29364	892	6	centimes	centime	NNS
29364	892	7	per	per	IN
29364	892	8	£	£	FW
29364	892	9	£	£	$
29364	892	10	205,536	205,536	CD
29364	892	11	New	New	NNP
29364	892	12	York	York	NNP
29364	892	13	banker	banker	NN
29364	892	14	sells	sell	VBZ
29364	892	15	his	-PRON-	PRP$
29364	892	16	draft	draft	NN
29364	892	17	on	on	IN
29364	892	18	London	London	NNP
29364	892	19	for	for	IN
29364	892	20	£	£	$
29364	892	21	205,536	205,536	CD
29364	892	22	at	at	IN
29364	892	23	4.86832	4.86832	CD
29364	892	24	$	$	$
29364	892	25	1,000,615	1,000,615	CD
29364	892	26	Conditions	condition	NNS
29364	892	27	principally	principally	RB
29364	892	28	affecting	affect	VBG
29364	892	29	the	the	DT
29364	892	30	shipment	shipment	NN
29364	892	31	of	of	IN
29364	892	32	gold	gold	NN
29364	892	33	by	by	IN
29364	892	34	the	the	DT
29364	892	35	triangular	triangular	JJ
29364	892	36	operation	operation	NN
29364	892	37	,	,	,
29364	892	38	it	-PRON-	PRP
29364	892	39	will	will	MD
29364	892	40	be	be	VB
29364	892	41	seen	see	VBN
29364	892	42	from	from	IN
29364	892	43	the	the	DT
29364	892	44	above	above	JJ
29364	892	45	calculation	calculation	NN
29364	892	46	,	,	,
29364	892	47	are	be	VBP
29364	892	48	the	the	DT
29364	892	49	rate	rate	NN
29364	892	50	of	of	IN
29364	892	51	exchange	exchange	NN
29364	892	52	on	on	IN
29364	892	53	London	London	NNP
29364	892	54	at	at	IN
29364	892	55	New	New	NNP
29364	892	56	York	York	NNP
29364	892	57	,	,	,
29364	892	58	and	and	CC
29364	892	59	the	the	DT
29364	892	60	rate	rate	NN
29364	892	61	of	of	IN
29364	892	62	exchange	exchange	NN
29364	892	63	on	on	IN
29364	892	64	London	London	NNP
29364	892	65	at	at	IN
29364	892	66	Paris	Paris	NNP
29364	892	67	.	.	.
29364	893	1	The	the	DT
29364	893	2	higher	high	JJR
29364	893	3	the	the	DT
29364	893	4	rate	rate	NN
29364	893	5	at	at	IN
29364	893	6	which	which	WDT
29364	893	7	the	the	DT
29364	893	8	New	New	NNP
29364	893	9	York	York	NNP
29364	893	10	banker	banker	NN
29364	893	11	can	can	MD
29364	893	12	sell	sell	VB
29364	893	13	his	-PRON-	PRP$
29364	893	14	bills	bill	NNS
29364	893	15	on	on	IN
29364	893	16	London	London	NNP
29364	893	17	after	after	IN
29364	893	18	the	the	DT
29364	893	19	gold	gold	NN
29364	893	20	has	have	VBZ
29364	893	21	been	be	VBN
29364	893	22	shipped	ship	VBN
29364	893	23	,	,	,
29364	893	24	the	the	DT
29364	893	25	more	more	JJR
29364	893	26	money	money	NN
29364	893	27	he	-PRON-	PRP
29364	893	28	will	will	MD
29364	893	29	make	make	VB
29364	893	30	.	.	.
29364	894	1	The	the	DT
29364	894	2	lower	low	JJR
29364	894	3	the	the	DT
29364	894	4	rate	rate	NN
29364	894	5	at	at	IN
29364	894	6	which	which	WDT
29364	894	7	his	-PRON-	PRP$
29364	894	8	Paris	Paris	NNP
29364	894	9	agent	agent	NN
29364	894	10	can	can	MD
29364	894	11	secure	secure	VB
29364	894	12	the	the	DT
29364	894	13	drafts	draft	NNS
29364	894	14	drawn	draw	VBN
29364	894	15	on	on	IN
29364	894	16	London	London	NNP
29364	894	17	,	,	,
29364	894	18	the	the	DT
29364	894	19	greater	great	JJR
29364	894	20	the	the	DT
29364	894	21	amount	amount	NN
29364	894	22	of	of	IN
29364	894	23	pounds	pound	NNS
29364	894	24	sterling	sterling	NN
29364	894	25	which	which	WDT
29364	894	26	the	the	DT
29364	894	27	gold	gold	NN
29364	894	28	will	will	MD
29364	894	29	buy	buy	VB
29364	894	30	.	.	.
29364	895	1	High	high	JJ
29364	895	2	sterling	sterling	NN
29364	895	3	exchange	exchange	NN
29364	895	4	in	in	IN
29364	895	5	New	New	NNP
29364	895	6	York	York	NNP
29364	895	7	and	and	CC
29364	895	8	low	low	JJ
29364	895	9	sterling	sterling	JJ
29364	895	10	exchange	exchange	NN
29364	895	11	in	in	IN
29364	895	12	Paris	Paris	NNP
29364	895	13	are	be	VBP
29364	895	14	therefore	therefore	RB
29364	895	15	the	the	DT
29364	895	16	main	main	JJ
29364	895	17	features	feature	NNS
29364	895	18	of	of	IN
29364	895	19	the	the	DT
29364	895	20	combination	combination	NN
29364	895	21	of	of	IN
29364	895	22	circumstances	circumstance	NNS
29364	895	23	which	which	WDT
29364	895	24	result	result	VBP
29364	895	25	in	in	IN
29364	895	26	these	these	DT
29364	895	27	"	"	``
29364	895	28	triangular	triangular	JJ
29364	895	29	operations	operation	NNS
29364	895	30	.	.	.
29364	895	31	"	"	''
29364	896	1	_	_	NNP
29364	896	2	Gold	Gold	NNP
29364	896	3	Shipments	Shipments	NNP
29364	896	4	to	to	IN
29364	896	5	Argentina	Argentina	NNP
29364	896	6	_	_	NNP
29364	896	7	Of	of	IN
29364	896	8	the	the	DT
29364	896	9	many	many	JJ
29364	896	10	other	other	JJ
29364	896	11	ways	way	NNS
29364	896	12	in	in	IN
29364	896	13	which	which	WDT
29364	896	14	gold	gold	NN
29364	896	15	moves	move	NNS
29364	896	16	,	,	,
29364	896	17	one	one	CD
29364	896	18	way	way	NN
29364	896	19	seems	seem	VBZ
29364	896	20	to	to	TO
29364	896	21	be	be	VB
29364	896	22	becoming	become	VBG
29364	896	23	so	so	RB
29364	896	24	increasingly	increasingly	RB
29364	896	25	important	important	JJ
29364	896	26	that	that	IN
29364	896	27	it	-PRON-	PRP
29364	896	28	is	be	VBZ
29364	896	29	well	well	RB
29364	896	30	worthy	worthy	JJ
29364	896	31	of	of	IN
29364	896	32	attention	attention	NN
29364	896	33	.	.	.
29364	897	1	Reference	reference	NN
29364	897	2	is	be	VBZ
29364	897	3	made	make	VBN
29364	897	4	to	to	IN
29364	897	5	the	the	DT
29364	897	6	shipment	shipment	NN
29364	897	7	of	of	IN
29364	897	8	gold	gold	NN
29364	897	9	from	from	IN
29364	897	10	New	New	NNP
29364	897	11	York	York	NNP
29364	897	12	to	to	IN
29364	897	13	the	the	DT
29364	897	14	Argentine	Argentine	NNP
29364	897	15	for	for	IN
29364	897	16	account	account	NN
29364	897	17	of	of	IN
29364	897	18	English	english	JJ
29364	897	19	bankers	banker	NNS
29364	897	20	who	who	WP
29364	897	21	have	have	VBP
29364	897	22	debts	debt	NNS
29364	897	23	to	to	TO
29364	897	24	discharge	discharge	VB
29364	897	25	there	there	RB
29364	897	26	.	.	.
29364	898	1	Owing	owe	VBG
29364	898	2	to	to	IN
29364	898	3	Argentine	argentine	JJ
29364	898	4	loans	loan	NNS
29364	898	5	placed	place	VBN
29364	898	6	in	in	IN
29364	898	7	the	the	DT
29364	898	8	English	english	JJ
29364	898	9	market	market	NN
29364	898	10	and	and	CC
29364	898	11	to	to	IN
29364	898	12	heavy	heavy	JJ
29364	898	13	exports	export	NNS
29364	898	14	of	of	IN
29364	898	15	wheat	wheat	NN
29364	898	16	,	,	,
29364	898	17	hides	hide	NNS
29364	898	18	,	,	,
29364	898	19	and	and	CC
29364	898	20	meat	meat	NN
29364	898	21	from	from	IN
29364	898	22	Buenos	Buenos	NNP
29364	898	23	Aires	Aires	NNP
29364	898	24	to	to	IN
29364	898	25	London	London	NNP
29364	898	26	,	,	,
29364	898	27	there	there	EX
29364	898	28	exists	exist	VBZ
29364	898	29	almost	almost	RB
29364	898	30	a	a	DT
29364	898	31	chronic	chronic	JJ
29364	898	32	condition	condition	NN
29364	898	33	of	of	IN
29364	898	34	indebtedness	indebtedness	NN
29364	898	35	on	on	IN
29364	898	36	the	the	DT
29364	898	37	part	part	NN
29364	898	38	of	of	IN
29364	898	39	the	the	DT
29364	898	40	London	London	NNP
29364	898	41	bankers	banker	NNS
29364	898	42	to	to	IN
29364	898	43	the	the	DT
29364	898	44	bankers	banker	NNS
29364	898	45	in	in	IN
29364	898	46	the	the	DT
29364	898	47	Argentine	Argentine	NNP
29364	898	48	.	.	.
29364	899	1	Not	not	RB
29364	899	2	offset	offset	VB
29364	899	3	by	by	IN
29364	899	4	any	any	DT
29364	899	5	corresponding	correspond	VBG
29364	899	6	imports	import	NNS
29364	899	7	,	,	,
29364	899	8	these	these	DT
29364	899	9	conditions	condition	NNS
29364	899	10	are	be	VBP
29364	899	11	putting	put	VBG
29364	899	12	Buenos	Buenos	NNP
29364	899	13	Aires	aire	NNS
29364	899	14	each	each	DT
29364	899	15	year	year	NN
29364	899	16	in	in	IN
29364	899	17	a	a	DT
29364	899	18	better	well	JJR
29364	899	19	and	and	CC
29364	899	20	better	well	JJR
29364	899	21	condition	condition	NN
29364	899	22	to	to	TO
29364	899	23	make	make	VB
29364	899	24	heavy	heavy	JJ
29364	899	25	demands	demand	NNS
29364	899	26	upon	upon	IN
29364	899	27	London	London	NNP
29364	899	28	for	for	IN
29364	899	29	gold	gold	NN
29364	899	30	,	,	,
29364	899	31	demands	demand	NNS
29364	899	32	which	which	WDT
29364	899	33	have	have	VBP
29364	899	34	recently	recently	RB
29364	899	35	grown	grow	VBN
29364	899	36	to	to	IN
29364	899	37	such	such	PDT
29364	899	38	an	an	DT
29364	899	39	extent	extent	NN
29364	899	40	as	as	IN
29364	899	41	to	to	TO
29364	899	42	make	make	VB
29364	899	43	serious	serious	JJ
29364	899	44	inroads	inroad	NNS
29364	899	45	on	on	IN
29364	899	46	the	the	DT
29364	899	47	British	british	JJ
29364	899	48	banks	bank	NNS
29364	899	49	'	'	POS
29364	899	50	reserves	reserve	NNS
29364	899	51	.	.	.
29364	900	1	Unwilling	unwilling	JJ
29364	900	2	to	to	TO
29364	900	3	comply	comply	VB
29364	900	4	with	with	IN
29364	900	5	this	this	DT
29364	900	6	demand	demand	NN
29364	900	7	for	for	IN
29364	900	8	gold	gold	NN
29364	900	9	,	,	,
29364	900	10	the	the	DT
29364	900	11	powers	power	NNS
29364	900	12	in	in	IN
29364	900	13	charge	charge	NN
29364	900	14	of	of	IN
29364	900	15	the	the	DT
29364	900	16	London	London	NNP
29364	900	17	market	market	NN
29364	900	18	have	have	VBP
29364	900	19	on	on	IN
29364	900	20	several	several	JJ
29364	900	21	occasions	occasion	NNS
29364	900	22	deliberately	deliberately	RB
29364	900	23	produced	produce	VBD
29364	900	24	money	money	NN
29364	900	25	conditions	condition	NNS
29364	900	26	in	in	IN
29364	900	27	London	London	NNP
29364	900	28	resulting	result	VBG
29364	900	29	in	in	IN
29364	900	30	a	a	DT
29364	900	31	shifting	shifting	NN
29364	900	32	of	of	IN
29364	900	33	the	the	DT
29364	900	34	Argentine	argentine	JJ
29364	900	35	demand	demand	NN
29364	900	36	for	for	IN
29364	900	37	gold	gold	NN
29364	900	38	upon	upon	IN
29364	900	39	New	New	NNP
29364	900	40	York	York	NNP
29364	900	41	.	.	.
29364	901	1	The	the	DT
29364	901	2	means	mean	NNS
29364	901	3	by	by	IN
29364	901	4	which	which	WDT
29364	901	5	this	this	DT
29364	901	6	has	have	VBZ
29364	901	7	been	be	VBN
29364	901	8	accomplished	accomplish	VBN
29364	901	9	has	have	VBZ
29364	901	10	been	be	VBN
29364	901	11	the	the	DT
29364	901	12	raising	raising	NN
29364	901	13	of	of	IN
29364	901	14	the	the	DT
29364	901	15	Bank	Bank	NNP
29364	901	16	of	of	IN
29364	901	17	England	England	NNP
29364	901	18	rate	rate	NN
29364	901	19	to	to	IN
29364	901	20	a	a	DT
29364	901	21	point	point	NN
29364	901	22	sufficiently	sufficiently	RB
29364	901	23	high	high	JJ
29364	901	24	to	to	TO
29364	901	25	make	make	VB
29364	901	26	the	the	DT
29364	901	27	dollar	dollar	NN
29364	901	28	-	-	HYPH
29364	901	29	exchange	exchange	NN
29364	901	30	on	on	IN
29364	901	31	New	New	NNP
29364	901	32	York	York	NNP
29364	901	33	fall	fall	NN
29364	901	34	.	.	.
29364	902	1	Able	able	JJ
29364	902	2	,	,	,
29364	902	3	then	then	RB
29364	902	4	,	,	,
29364	902	5	to	to	TO
29364	902	6	buy	buy	VB
29364	902	7	dollar	dollar	NN
29364	902	8	-	-	HYPH
29364	902	9	drafts	draft	NNS
29364	902	10	on	on	IN
29364	902	11	New	New	NNP
29364	902	12	York	York	NNP
29364	902	13	very	very	RB
29364	902	14	cheaply	cheaply	RB
29364	902	15	,	,	,
29364	902	16	the	the	DT
29364	902	17	London	London	NNP
29364	902	18	bankers	banker	NNS
29364	902	19	send	send	VBP
29364	902	20	to	to	IN
29364	902	21	New	New	NNP
29364	902	22	York	York	NNP
29364	902	23	large	large	JJ
29364	902	24	amounts	amount	NNS
29364	902	25	of	of	IN
29364	902	26	such	such	JJ
29364	902	27	drafts	draft	NNS
29364	902	28	,	,	,
29364	902	29	with	with	IN
29364	902	30	instructions	instruction	NNS
29364	902	31	that	that	IN
29364	902	32	they	-PRON-	PRP
29364	902	33	be	be	VB
29364	902	34	used	use	VBN
29364	902	35	to	to	TO
29364	902	36	buy	buy	VB
29364	902	37	gold	gold	NN
29364	902	38	for	for	IN
29364	902	39	shipment	shipment	NN
29364	902	40	to	to	IN
29364	902	41	the	the	DT
29364	902	42	Argentine	Argentine	NNP
29364	902	43	.	.	.
29364	903	1	The	the	DT
29364	903	2	very	very	RB
29364	903	3	general	general	JJ
29364	903	4	confusion	confusion	NN
29364	903	5	of	of	IN
29364	903	6	mind	mind	NN
29364	903	7	regarding	regard	VBG
29364	903	8	these	these	DT
29364	903	9	operations	operation	NNS
29364	903	10	in	in	IN
29364	903	11	gold	gold	NN
29364	903	12	comes	come	VBZ
29364	903	13	perhaps	perhaps	RB
29364	903	14	from	from	IN
29364	903	15	the	the	DT
29364	903	16	fact	fact	NN
29364	903	17	that	that	IN
29364	903	18	they	-PRON-	PRP
29364	903	19	are	be	VBP
29364	903	20	constantly	constantly	RB
29364	903	21	referred	refer	VBN
29364	903	22	to	to	IN
29364	903	23	as	as	IN
29364	903	24	being	be	VBG
29364	903	25	a	a	DT
29364	903	26	result	result	NN
29364	903	27	of	of	IN
29364	903	28	_	_	NNP
29364	903	29	high	high	JJ
29364	903	30	exchange	exchange	NN
29364	903	31	on	on	IN
29364	903	32	London	London	NNP
29364	903	33	_	_	NNP
29364	903	34	,	,	,
29364	903	35	at	at	IN
29364	903	36	New	New	NNP
29364	903	37	York	York	NNP
29364	903	38	.	.	.
29364	904	1	Which	which	WDT
29364	904	2	is	be	VBZ
29364	904	3	true	true	JJ
29364	904	4	,	,	,
29364	904	5	but	but	CC
29364	904	6	a	a	DT
29364	904	7	most	most	RBS
29364	904	8	misleading	misleading	JJ
29364	904	9	way	way	NN
29364	904	10	of	of	IN
29364	904	11	expressing	express	VBG
29364	904	12	the	the	DT
29364	904	13	fact	fact	NN
29364	904	14	that	that	IN
29364	904	15	_	_	NNP
29364	904	16	low	low	JJ
29364	904	17	exchange	exchange	NN
29364	904	18	_	_	NNP
29364	904	19	on	on	IN
29364	904	20	_	_	NNP
29364	904	21	New	New	NNP
29364	904	22	York	York	NNP
29364	904	23	_	_	NNP
29364	904	24	,	,	,
29364	904	25	at	at	IN
29364	904	26	London	London	NNP
29364	904	27	,	,	,
29364	904	28	is	be	VBZ
29364	904	29	the	the	DT
29364	904	30	reason	reason	NN
29364	904	31	of	of	IN
29364	904	32	the	the	DT
29364	904	33	shipments	shipment	NNS
29364	904	34	.	.	.
29364	905	1	High	high	JJ
29364	905	2	sterling	sterling	NN
29364	905	3	exchange	exchange	NN
29364	905	4	at	at	IN
29364	905	5	New	New	NNP
29364	905	6	York	York	NNP
29364	905	7	and	and	CC
29364	905	8	low	low	JJ
29364	905	9	dollar	dollar	NN
29364	905	10	-	-	HYPH
29364	905	11	exchange	exchange	NN
29364	905	12	at	at	IN
29364	905	13	London	London	NNP
29364	905	14	are	be	VBP
29364	905	15	,	,	,
29364	905	16	of	of	IN
29364	905	17	course	course	NN
29364	905	18	,	,	,
29364	905	19	one	one	CD
29364	905	20	and	and	CC
29364	905	21	the	the	DT
29364	905	22	same	same	JJ
29364	905	23	thing	thing	NN
29364	905	24	.	.	.
29364	906	1	But	but	CC
29364	906	2	in	in	IN
29364	906	3	this	this	DT
29364	906	4	case	case	NN
29364	906	5	,	,	,
29364	906	6	what	what	WP
29364	906	7	counts	count	VBZ
29364	906	8	is	be	VBZ
29364	906	9	that	that	IN
29364	906	10	dollar	dollar	NN
29364	906	11	-	-	HYPH
29364	906	12	exchange	exchange	NN
29364	906	13	can	can	MD
29364	906	14	be	be	VB
29364	906	15	cheaply	cheaply	RB
29364	906	16	bought	buy	VBN
29364	906	17	in	in	IN
29364	906	18	London	London	NNP
29364	906	19	.	.	.
29364	907	1	No	no	DT
29364	907	2	attempt	attempt	NN
29364	907	3	is	be	VBZ
29364	907	4	made	make	VBN
29364	907	5	in	in	IN
29364	907	6	this	this	DT
29364	907	7	little	little	JJ
29364	907	8	work	work	NN
29364	907	9	to	to	TO
29364	907	10	cover	cover	VB
29364	907	11	the	the	DT
29364	907	12	whole	whole	JJ
29364	907	13	field	field	NN
29364	907	14	of	of	IN
29364	907	15	operations	operation	NNS
29364	907	16	in	in	IN
29364	907	17	gold	gold	NN
29364	907	18	,	,	,
29364	907	19	infinite	infinite	JJ
29364	907	20	in	in	IN
29364	907	21	scope	scope	NN
29364	907	22	as	as	IN
29364	907	23	they	-PRON-	PRP
29364	907	24	are	be	VBP
29364	907	25	and	and	CC
29364	907	26	of	of	IN
29364	907	27	every	every	DT
29364	907	28	conceivable	conceivable	JJ
29364	907	29	variety	variety	NN
29364	907	30	.	.	.
29364	908	1	But	but	CC
29364	908	2	from	from	IN
29364	908	3	the	the	DT
29364	908	4	examples	example	NNS
29364	908	5	given	give	VBN
29364	908	6	above	above	IN
29364	908	7	it	-PRON-	PRP
29364	908	8	ought	ought	MD
29364	908	9	to	to	TO
29364	908	10	be	be	VB
29364	908	11	possible	possible	JJ
29364	908	12	to	to	TO
29364	908	13	work	work	VB
29364	908	14	out	out	RP
29364	908	15	a	a	DT
29364	908	16	fairly	fairly	RB
29364	908	17	clear	clear	JJ
29364	908	18	idea	idea	NN
29364	908	19	as	as	IN
29364	908	20	to	to	IN
29364	908	21	why	why	WRB
29364	908	22	gold	gold	JJ
29364	908	23	exports	export	NNS
29364	908	24	and	and	CC
29364	908	25	imports	import	NNS
29364	908	26	take	take	VBP
29364	908	27	place	place	NN
29364	908	28	and	and	CC
29364	908	29	as	as	IN
29364	908	30	to	to	IN
29364	908	31	what	what	WP
29364	908	32	the	the	DT
29364	908	33	conditions	condition	NNS
29364	908	34	are	be	VBP
29364	908	35	which	which	WDT
29364	908	36	bring	bring	VB
29364	908	37	them	-PRON-	PRP
29364	908	38	about	about	IN
29364	908	39	.	.	.
29364	909	1	While	while	IN
29364	909	2	not	not	RB
29364	909	3	failing	fail	VBG
29364	909	4	to	to	TO
29364	909	5	realize	realize	VB
29364	909	6	the	the	DT
29364	909	7	importance	importance	NN
29364	909	8	to	to	IN
29364	909	9	the	the	DT
29364	909	10	markets	market	NNS
29364	909	11	of	of	IN
29364	909	12	the	the	DT
29364	909	13	movement	movement	NN
29364	909	14	back	back	RB
29364	909	15	and	and	CC
29364	909	16	forth	forth	RB
29364	909	17	of	of	IN
29364	909	18	great	great	JJ
29364	909	19	amounts	amount	NNS
29364	909	20	of	of	IN
29364	909	21	gold	gold	NN
29364	909	22	,	,	,
29364	909	23	it	-PRON-	PRP
29364	909	24	may	may	MD
29364	909	25	nevertheless	nevertheless	RB
29364	909	26	be	be	VB
29364	909	27	said	say	VBN
29364	909	28	that	that	IN
29364	909	29	from	from	IN
29364	909	30	the	the	DT
29364	909	31	standpoint	standpoint	NN
29364	909	32	of	of	IN
29364	909	33	the	the	DT
29364	909	34	foreign	foreign	JJ
29364	909	35	exchange	exchange	NN
29364	909	36	business	business	NN
29364	909	37	the	the	DT
29364	909	38	importance	importance	NN
29364	909	39	of	of	IN
29364	909	40	transactions	transaction	NNS
29364	909	41	in	in	IN
29364	909	42	gold	gold	NN
29364	909	43	is	be	VBZ
29364	909	44	very	very	RB
29364	909	45	generally	generally	RB
29364	909	46	overestimated	overestimate	VBN
29364	909	47	.	.	.
29364	910	1	Most	Most	JJS
29364	910	2	dealers	dealer	NNS
29364	910	3	in	in	IN
29364	910	4	foreign	foreign	JJ
29364	910	5	exchange	exchange	NN
29364	910	6	steer	steer	NN
29364	910	7	clear	clear	RB
29364	910	8	of	of	IN
29364	910	9	exporting	export	VBG
29364	910	10	or	or	CC
29364	910	11	importing	import	VBG
29364	910	12	gold	gold	NN
29364	910	13	whenever	whenever	WRB
29364	910	14	they	-PRON-	PRP
29364	910	15	can	can	MD
29364	910	16	,	,	,
29364	910	17	the	the	DT
29364	910	18	business	business	NN
29364	910	19	being	be	VBG
29364	910	20	practically	practically	RB
29364	910	21	all	all	DT
29364	910	22	done	do	VBN
29364	910	23	by	by	IN
29364	910	24	half	half	PDT
29364	910	25	-	-	HYPH
29364	910	26	a	a	DT
29364	910	27	-	-	HYPH
29364	910	28	dozen	dozen	NN
29364	910	29	firms	firm	NNS
29364	910	30	and	and	CC
29364	910	31	banks	bank	NNS
29364	910	32	.	.	.
29364	911	1	As	as	IN
29364	911	2	has	have	VBZ
29364	911	3	been	be	VBN
29364	911	4	seen	see	VBN
29364	911	5	,	,	,
29364	911	6	the	the	DT
29364	911	7	profit	profit	NN
29364	911	8	to	to	TO
29364	911	9	be	be	VB
29364	911	10	made	make	VBN
29364	911	11	is	be	VBZ
29364	911	12	miserably	miserably	RB
29364	911	13	small	small	JJ
29364	911	14	as	as	IN
29364	911	15	a	a	DT
29364	911	16	rule	rule	NN
29364	911	17	,	,	,
29364	911	18	while	while	IN
29364	911	19	the	the	DT
29364	911	20	trouble	trouble	NN
29364	911	21	and	and	CC
29364	911	22	risk	risk	NN
29364	911	23	are	be	VBP
29364	911	24	very	very	RB
29364	911	25	considerable	considerable	JJ
29364	911	26	.	.	.
29364	912	1	Import	import	NN
29364	912	2	operations	operation	NNS
29364	912	3	,	,	,
29364	912	4	especially	especially	RB
29364	912	5	,	,	,
29364	912	6	tie	tie	VB
29364	912	7	up	up	RP
29364	912	8	large	large	JJ
29364	912	9	amounts	amount	NNS
29364	912	10	of	of	IN
29364	912	11	ready	ready	JJ
29364	912	12	capital	capital	NN
29364	912	13	and	and	CC
29364	912	14	often	often	RB
29364	912	15	throw	throw	VBP
29364	912	16	the	the	DT
29364	912	17	regular	regular	JJ
29364	912	18	working	working	NN
29364	912	19	of	of	IN
29364	912	20	a	a	DT
29364	912	21	foreign	foreign	JJ
29364	912	22	department	department	NN
29364	912	23	out	out	IN
29364	912	24	of	of	IN
29364	912	25	gear	gear	NN
29364	912	26	for	for	IN
29364	912	27	days	day	NNS
29364	912	28	and	and	CC
29364	912	29	even	even	RB
29364	912	30	weeks	week	NNS
29364	912	31	.	.	.
29364	913	1	There	there	EX
29364	913	2	is	be	VBZ
29364	913	3	considerable	considerable	JJ
29364	913	4	newspaper	newspaper	NN
29364	913	5	advertising	advertising	NN
29364	913	6	to	to	TO
29364	913	7	be	be	VB
29364	913	8	had	have	VBN
29364	913	9	by	by	IN
29364	913	10	being	be	VBG
29364	913	11	always	always	RB
29364	913	12	among	among	IN
29364	913	13	the	the	DT
29364	913	14	first	first	JJ
29364	913	15	to	to	TO
29364	913	16	ship	ship	VB
29364	913	17	or	or	CC
29364	913	18	bring	bring	VB
29364	913	19	in	in	RP
29364	913	20	gold	gold	NN
29364	913	21	,	,	,
29364	913	22	but	but	CC
29364	913	23	there	there	EX
29364	913	24	are	be	VBP
29364	913	25	a	a	DT
29364	913	26	good	good	JJ
29364	913	27	many	many	JJ
29364	913	28	houses	house	NNS
29364	913	29	who	who	WP
29364	913	30	do	do	VBP
29364	913	31	not	not	RB
29364	913	32	want	want	VB
29364	913	33	or	or	CC
29364	913	34	need	need	VB
29364	913	35	that	that	DT
29364	913	36	kind	kind	NN
29364	913	37	of	of	IN
29364	913	38	advertising	advertising	NN
29364	913	39	.	.	.
29364	914	1	Some	some	DT
29364	914	2	of	of	IN
29364	914	3	the	the	DT
29364	914	4	best	good	JJS
29364	914	5	and	and	CC
29364	914	6	strongest	strong	JJS
29364	914	7	banking	banking	NN
29364	914	8	houses	house	NNS
29364	914	9	in	in	IN
29364	914	10	New	New	NNP
29364	914	11	York	York	NNP
29364	914	12	,	,	,
29364	914	13	indeed	indeed	RB
29364	914	14	,	,	,
29364	914	15	make	make	VB
29364	914	16	it	-PRON-	PRP
29364	914	17	a	a	DT
29364	914	18	rule	rule	NN
29364	914	19	to	to	TO
29364	914	20	have	have	VB
29364	914	21	nothing	nothing	NN
29364	914	22	to	to	TO
29364	914	23	do	do	VB
29364	914	24	with	with	IN
29364	914	25	operations	operation	NNS
29364	914	26	in	in	IN
29364	914	27	gold	gold	NN
29364	914	28	one	one	CD
29364	914	29	way	way	NN
29364	914	30	or	or	CC
29364	914	31	the	the	DT
29364	914	32	other	other	JJ
29364	914	33	.	.	.
29364	915	1	Should	Should	MD
29364	915	2	they	-PRON-	PRP
29364	915	3	need	need	VB
29364	915	4	drafts	draft	NNS
29364	915	5	on	on	IN
29364	915	6	the	the	DT
29364	915	7	other	other	JJ
29364	915	8	side	side	NN
29364	915	9	at	at	IN
29364	915	10	a	a	DT
29364	915	11	time	time	NN
29364	915	12	when	when	WRB
29364	915	13	there	there	EX
29364	915	14	are	be	VBP
29364	915	15	no	no	DT
29364	915	16	drafts	draft	NNS
29364	915	17	to	to	TO
29364	915	18	be	be	VB
29364	915	19	had	have	VBN
29364	915	20	,	,	,
29364	915	21	such	such	JJ
29364	915	22	houses	house	NNS
29364	915	23	prefer	prefer	VBP
29364	915	24	to	to	TO
29364	915	25	let	let	VB
29364	915	26	some	some	DT
29364	915	27	one	one	NN
29364	915	28	else	else	RB
29364	915	29	do	do	VB
29364	915	30	the	the	DT
29364	915	31	gold	gold	NN
29364	915	32	-	-	HYPH
29364	915	33	shipping	shipping	NN
29364	915	34	and	and	CC
29364	915	35	are	be	VBP
29364	915	36	willing	willing	JJ
29364	915	37	to	to	TO
29364	915	38	let	let	VB
29364	915	39	the	the	DT
29364	915	40	shipping	shipping	NN
29364	915	41	house	house	NN
29364	915	42	make	make	VB
29364	915	43	its	-PRON-	PRP$
29364	915	44	one	one	CD
29364	915	45	-	-	HYPH
29364	915	46	sixteenth	sixteenth	NN
29364	915	47	of	of	IN
29364	915	48	one	one	CD
29364	915	49	per	per	IN
29364	915	50	cent	cent	NN
29364	915	51	.	.	.
29364	916	1	or	or	CC
29364	916	2	one	one	CD
29364	916	3	-	-	HYPH
29364	916	4	thirty	thirty	CD
29364	916	5	-	-	HYPH
29364	916	6	second	second	NN
29364	916	7	of	of	IN
29364	916	8	one	one	CD
29364	916	9	per	per	IN
29364	916	10	cent	cent	NN
29364	916	11	.	.	.
29364	917	1	in	in	IN
29364	917	2	the	the	DT
29364	917	3	rate	rate	NN
29364	917	4	of	of	IN
29364	917	5	exchange	exchange	NN
29364	917	6	it	-PRON-	PRP
29364	917	7	charges	charge	VBZ
29364	917	8	for	for	IN
29364	917	9	the	the	DT
29364	917	10	bills	bill	NNS
29364	917	11	drawn	draw	VBN
29364	917	12	against	against	IN
29364	917	13	the	the	DT
29364	917	14	gold	gold	NN
29364	917	15	.	.	.
29364	918	1	Particular	particular	JJ
29364	918	2	attention	attention	NN
29364	918	3	has	have	VBZ
29364	918	4	been	be	VBN
29364	918	5	paid	pay	VBN
29364	918	6	all	all	RB
29364	918	7	through	through	IN
29364	918	8	the	the	DT
29364	918	9	foregoing	foregoing	JJ
29364	918	10	chapter	chapter	NN
29364	918	11	to	to	IN
29364	918	12	the	the	DT
29364	918	13	gold	gold	NN
29364	918	14	movement	movement	NN
29364	918	15	in	in	IN
29364	918	16	its	-PRON-	PRP$
29364	918	17	relation	relation	NN
29364	918	18	to	to	IN
29364	918	19	the	the	DT
29364	918	20	New	New	NNP
29364	918	21	York	York	NNP
29364	918	22	markets	market	NNS
29364	918	23	,	,	,
29364	918	24	the	the	DT
29364	918	25	movement	movement	NN
29364	918	26	between	between	IN
29364	918	27	foreign	foreign	JJ
29364	918	28	points	point	NNS
29364	918	29	being	be	VBG
29364	918	30	too	too	RB
29364	918	31	big	big	JJ
29364	918	32	a	a	DT
29364	918	33	subject	subject	NN
29364	918	34	to	to	TO
29364	918	35	describe	describe	VB
29364	918	36	in	in	IN
29364	918	37	a	a	DT
29364	918	38	work	work	NN
29364	918	39	of	of	IN
29364	918	40	this	this	DT
29364	918	41	kind	kind	NN
29364	918	42	.	.	.
29364	919	1	In	in	IN
29364	919	2	general	general	JJ
29364	919	3	,	,	,
29364	919	4	however	however	RB
29364	919	5	,	,	,
29364	919	6	it	-PRON-	PRP
29364	919	7	can	can	MD
29364	919	8	be	be	VB
29364	919	9	said	say	VBN
29364	919	10	that	that	DT
29364	919	11	of	of	IN
29364	919	12	the	the	DT
29364	919	13	three	three	CD
29364	919	14	great	great	JJ
29364	919	15	gold	gold	NN
29364	919	16	markets	market	NNS
29364	919	17	abroad	abroad	RB
29364	919	18	,	,	,
29364	919	19	London	London	NNP
29364	919	20	is	be	VBZ
29364	919	21	the	the	DT
29364	919	22	only	only	JJ
29364	919	23	one	one	CD
29364	919	24	which	which	WDT
29364	919	25	can	can	MD
29364	919	26	in	in	IN
29364	919	27	any	any	DT
29364	919	28	sense	sense	NN
29364	919	29	be	be	VB
29364	919	30	called	call	VBN
29364	919	31	"	"	``
29364	919	32	free	free	JJ
29364	919	33	.	.	.
29364	919	34	"	"	''
29364	920	1	In	in	IN
29364	920	2	Paris	Paris	NNP
29364	920	3	,	,	,
29364	920	4	the	the	DT
29364	920	5	ability	ability	NN
29364	920	6	of	of	IN
29364	920	7	the	the	DT
29364	920	8	Bank	Bank	NNP
29364	920	9	of	of	IN
29364	920	10	France	France	NNP
29364	920	11	to	to	TO
29364	920	12	pay	pay	VB
29364	920	13	its	-PRON-	PRP$
29364	920	14	notes	note	NNS
29364	920	15	in	in	IN
29364	920	16	silver	silver	NN
29364	920	17	instead	instead	RB
29364	920	18	of	of	IN
29364	920	19	gold	gold	NN
29364	920	20	makes	make	VBZ
29364	920	21	it	-PRON-	PRP
29364	920	22	possible	possible	JJ
29364	920	23	for	for	IN
29364	920	24	the	the	DT
29364	920	25	Bank	Bank	NNP
29364	920	26	of	of	IN
29364	920	27	France	France	NNP
29364	920	28	to	to	TO
29364	920	29	control	control	VB
29364	920	30	the	the	DT
29364	920	31	gold	gold	NN
29364	920	32	movement	movement	NN
29364	920	33	absolutely	absolutely	RB
29364	920	34	,	,	,
29364	920	35	while	while	IN
29364	920	36	in	in	IN
29364	920	37	Germany	Germany	NNP
29364	920	38	the	the	DT
29364	920	39	paternalistic	paternalistic	JJ
29364	920	40	attitude	attitude	NN
29364	920	41	of	of	IN
29364	920	42	the	the	DT
29364	920	43	government	government	NN
29364	920	44	is	be	VBZ
29364	920	45	so	so	RB
29364	920	46	insistent	insistent	JJ
29364	920	47	that	that	IN
29364	920	48	gold	gold	NN
29364	920	49	exports	export	NNS
29364	920	50	are	be	VBP
29364	920	51	rarely	rarely	RB
29364	920	52	undertaken	undertake	VBN
29364	920	53	by	by	IN
29364	920	54	bankers	banker	NNS
29364	920	55	except	except	IN
29364	920	56	with	with	IN
29364	920	57	the	the	DT
29364	920	58	full	full	JJ
29364	920	59	sanction	sanction	NN
29364	920	60	of	of	IN
29364	920	61	the	the	DT
29364	920	62	governors	governor	NNS
29364	920	63	of	of	IN
29364	920	64	the	the	DT
29364	920	65	Reichsbank	Reichsbank	NNP
29364	920	66	.	.	.
29364	921	1	It	-PRON-	PRP
29364	921	2	is	be	VBZ
29364	921	3	a	a	DT
29364	921	4	question	question	NN
29364	921	5	,	,	,
29364	921	6	even	even	RB
29364	921	7	,	,	,
29364	921	8	whether	whether	IN
29364	921	9	London	London	NNP
29364	921	10	makes	make	VBZ
29364	921	11	good	good	JJ
29364	921	12	its	-PRON-	PRP$
29364	921	13	boast	boast	NN
29364	921	14	of	of	IN
29364	921	15	maintaining	maintain	VBG
29364	921	16	Europe	Europe	NNP
29364	921	17	's	's	POS
29364	921	18	only	only	JJ
29364	921	19	"	"	``
29364	921	20	free	free	JJ
29364	921	21	"	"	''
29364	921	22	gold	gold	NN
29364	921	23	market	market	NN
29364	921	24	.	.	.
29364	922	1	The	the	DT
29364	922	2	new	new	JJ
29364	922	3	gold	gold	NN
29364	922	4	coming	come	VBG
29364	922	5	from	from	IN
29364	922	6	the	the	DT
29364	922	7	mines	mine	NNS
29364	922	8	does	do	VBZ
29364	922	9	,	,	,
29364	922	10	it	-PRON-	PRP
29364	922	11	is	be	VBZ
29364	922	12	true	true	JJ
29364	922	13	,	,	,
29364	922	14	find	find	VB
29364	922	15	its	-PRON-	PRP$
29364	922	16	way	way	NN
29364	922	17	to	to	IN
29364	922	18	London	London	NNP
29364	922	19	,	,	,
29364	922	20	for	for	IN
29364	922	21	the	the	DT
29364	922	22	purpose	purpose	NN
29364	922	23	of	of	IN
29364	922	24	being	be	VBG
29364	922	25	auctioned	auction	VBN
29364	922	26	off	off	RP
29364	922	27	to	to	IN
29364	922	28	the	the	DT
29364	922	29	highest	high	JJS
29364	922	30	bidder	bidder	NN
29364	922	31	,	,	,
29364	922	32	but	but	CC
29364	922	33	as	as	IN
29364	922	34	the	the	DT
29364	922	35	kind	kind	NN
29364	922	36	of	of	IN
29364	922	37	bids	bid	NNS
29364	922	38	which	which	WDT
29364	922	39	can	can	MD
29364	922	40	be	be	VB
29364	922	41	made	make	VBN
29364	922	42	are	be	VBP
29364	922	43	governed	govern	VBN
29364	922	44	so	so	RB
29364	922	45	largely	largely	RB
29364	922	46	by	by	IN
29364	922	47	arbitrary	arbitrary	JJ
29364	922	48	action	action	NN
29364	922	49	on	on	IN
29364	922	50	the	the	DT
29364	922	51	part	part	NN
29364	922	52	of	of	IN
29364	922	53	the	the	DT
29364	922	54	Bank	Bank	NNP
29364	922	55	of	of	IN
29364	922	56	England	England	NNP
29364	922	57	,	,	,
29364	922	58	it	-PRON-	PRP
29364	922	59	is	be	VBZ
29364	922	60	a	a	DT
29364	922	61	question	question	NN
29364	922	62	whether	whether	IN
29364	922	63	the	the	DT
29364	922	64	gold	gold	NN
29364	922	65	auction	auction	NN
29364	922	66	can	can	MD
29364	922	67	be	be	VB
29364	922	68	said	say	VBN
29364	922	69	to	to	TO
29364	922	70	be	be	VB
29364	922	71	"	"	``
29364	922	72	free	free	JJ
29364	922	73	.	.	.
29364	922	74	"	"	''
29364	923	1	Suppose	suppose	VB
29364	923	2	,	,	,
29364	923	3	for	for	IN
29364	923	4	instance	instance	NN
29364	923	5	,	,	,
29364	923	6	that	that	IN
29364	923	7	the	the	DT
29364	923	8	"	"	``
29364	923	9	Old	Old	NNP
29364	923	10	Lady	Lady	NNP
29364	923	11	of	of	IN
29364	923	12	Threadneedle	Threadneedle	NNP
29364	923	13	Street	Street	NNP
29364	923	14	"	"	''
29364	923	15	decides	decide	VBZ
29364	923	16	that	that	IN
29364	923	17	enough	enough	JJ
29364	923	18	gold	gold	NN
29364	923	19	has	have	VBZ
29364	923	20	been	be	VBN
29364	923	21	taken	take	VBN
29364	923	22	by	by	IN
29364	923	23	foreign	foreign	JJ
29364	923	24	bidders	bidder	NNS
29364	923	25	and	and	CC
29364	923	26	that	that	IN
29364	923	27	exports	export	NNS
29364	923	28	had	have	VBD
29364	923	29	better	well	JJR
29364	923	30	be	be	VB
29364	923	31	checked	check	VBN
29364	923	32	.	.	.
29364	924	1	Instantly	instantly	RB
29364	924	2	the	the	DT
29364	924	3	bank	bank	NN
29364	924	4	rate	rate	NN
29364	924	5	goes	go	VBZ
29364	924	6	up	up	RB
29364	924	7	,	,	,
29364	924	8	making	make	VBG
29364	924	9	it	-PRON-	PRP
29364	924	10	harder	hard	RBR
29364	924	11	for	for	IN
29364	924	12	the	the	DT
29364	924	13	representatives	representative	NNS
29364	924	14	of	of	IN
29364	924	15	the	the	DT
29364	924	16	foreign	foreign	JJ
29364	924	17	banks	bank	NNS
29364	924	18	to	to	TO
29364	924	19	bid	bid	VB
29364	924	20	.	.	.
29364	925	1	Should	Should	MD
29364	925	2	the	the	DT
29364	925	3	rise	rise	NN
29364	925	4	in	in	IN
29364	925	5	the	the	DT
29364	925	6	rate	rate	NN
29364	925	7	not	not	RB
29364	925	8	be	be	VB
29364	925	9	sufficient	sufficient	JJ
29364	925	10	to	to	TO
29364	925	11	affect	affect	VB
29364	925	12	the	the	DT
29364	925	13	outside	outside	JJ
29364	925	14	exchange	exchange	NN
29364	925	15	on	on	IN
29364	925	16	London	London	NNP
29364	925	17	,	,	,
29364	925	18	the	the	DT
29364	925	19	Bank	Bank	NNP
29364	925	20	will	will	MD
29364	925	21	probably	probably	RB
29364	925	22	resort	resort	VB
29364	925	23	to	to	IN
29364	925	24	the	the	DT
29364	925	25	further	further	JJ
29364	925	26	expedient	expedient	NN
29364	925	27	of	of	IN
29364	925	28	entering	enter	VBG
29364	925	29	the	the	DT
29364	925	30	auction	auction	NN
29364	925	31	for	for	IN
29364	925	32	its	-PRON-	PRP$
29364	925	33	own	own	JJ
29364	925	34	account	account	NN
29364	925	35	and	and	CC
29364	925	36	outbidding	outbid	VBG
29364	925	37	all	all	DT
29364	925	38	others	other	NNS
29364	925	39	.	.	.
29364	926	1	Not	not	RB
29364	926	2	having	have	VBG
29364	926	3	any	any	DT
29364	926	4	shipping	shipping	NN
29364	926	5	charges	charge	NNS
29364	926	6	to	to	TO
29364	926	7	pay	pay	VB
29364	926	8	on	on	IN
29364	926	9	this	this	DT
29364	926	10	gold	gold	NN
29364	926	11	it	-PRON-	PRP
29364	926	12	buys	buy	VBZ
29364	926	13	,	,	,
29364	926	14	the	the	DT
29364	926	15	Bank	Bank	NNP
29364	926	16	is	be	VBZ
29364	926	17	usually	usually	RB
29364	926	18	able	able	JJ
29364	926	19	to	to	TO
29364	926	20	secure	secure	VB
29364	926	21	all	all	PDT
29364	926	22	the	the	DT
29364	926	23	gold	gold	NN
29364	926	24	it	-PRON-	PRP
29364	926	25	wants	want	VBZ
29364	926	26	--	--	:
29364	926	27	or	or	CC
29364	926	28	,	,	,
29364	926	29	rather	rather	RB
29364	926	30	,	,	,
29364	926	31	to	to	TO
29364	926	32	keep	keep	VB
29364	926	33	anybody	anybody	NN
29364	926	34	else	else	RB
29364	926	35	from	from	IN
29364	926	36	securing	secure	VBG
29364	926	37	it	-PRON-	PRP
29364	926	38	.	.	.
29364	927	1	The	the	DT
29364	927	2	auction	auction	NN
29364	927	3	is	be	VBZ
29364	927	4	open	open	JJ
29364	927	5	to	to	IN
29364	927	6	all	all	DT
29364	927	7	,	,	,
29364	927	8	it	-PRON-	PRP
29364	927	9	is	be	VBZ
29364	927	10	true	true	JJ
29364	927	11	,	,	,
29364	927	12	but	but	CC
29364	927	13	being	be	VBG
29364	927	14	at	at	IN
29364	927	15	times	time	NNS
29364	927	16	conducted	conduct	VBN
29364	927	17	under	under	IN
29364	927	18	such	such	JJ
29364	927	19	circumstances	circumstance	NNS
29364	927	20	,	,	,
29364	927	21	is	be	VBZ
29364	927	22	hardly	hardly	RB
29364	927	23	a	a	DT
29364	927	24	market	market	NN
29364	927	25	which	which	WDT
29364	927	26	can	can	MD
29364	927	27	be	be	VB
29364	927	28	called	call	VBN
29364	927	29	"	"	``
29364	927	30	free	free	JJ
29364	927	31	.	.	.
29364	927	32	"	"	''
29364	928	1	If	if	IN
29364	928	2	there	there	EX
29364	928	3	is	be	VBZ
29364	928	4	any	any	DT
29364	928	5	"	"	``
29364	928	6	free	free	JJ
29364	928	7	"	"	''
29364	928	8	gold	gold	NN
29364	928	9	market	market	NN
29364	928	10	in	in	IN
29364	928	11	the	the	DT
29364	928	12	world	world	NN
29364	928	13	,	,	,
29364	928	14	indeed	indeed	RB
29364	928	15	,	,	,
29364	928	16	it	-PRON-	PRP
29364	928	17	is	be	VBZ
29364	928	18	to	to	TO
29364	928	19	be	be	VB
29364	928	20	found	find	VBN
29364	928	21	in	in	IN
29364	928	22	the	the	DT
29364	928	23	United	United	NNP
29364	928	24	States	States	NNP
29364	928	25	.	.	.
29364	929	1	All	all	DT
29364	929	2	anybody	anybody	NN
29364	929	3	who	who	WP
29364	929	4	wants	want	VBZ
29364	929	5	gold	gold	NN
29364	929	6	,	,	,
29364	929	7	in	in	IN
29364	929	8	this	this	DT
29364	929	9	country	country	NN
29364	929	10	,	,	,
29364	929	11	has	have	VBZ
29364	929	12	to	to	TO
29364	929	13	do	do	VB
29364	929	14	,	,	,
29364	929	15	is	be	VBZ
29364	929	16	to	to	TO
29364	929	17	go	go	VB
29364	929	18	around	around	RB
29364	929	19	to	to	IN
29364	929	20	the	the	DT
29364	929	21	nearest	near	JJS
29364	929	22	sub	sub	JJ
29364	929	23	-	-	HYPH
29364	929	24	treasury	treasury	NN
29364	929	25	and	and	CC
29364	929	26	get	get	VB
29364	929	27	it	-PRON-	PRP
29364	929	28	.	.	.
29364	930	1	If	if	IN
29364	930	2	the	the	DT
29364	930	3	supply	supply	NN
29364	930	4	of	of	IN
29364	930	5	bars	bar	NNS
29364	930	6	is	be	VBZ
29364	930	7	exhausted	exhaust	VBN
29364	930	8	,	,	,
29364	930	9	the	the	DT
29364	930	10	buyer	buyer	NN
29364	930	11	may	may	MD
29364	930	12	be	be	VB
29364	930	13	disappointed	disappoint	VBN
29364	930	14	,	,	,
29364	930	15	but	but	CC
29364	930	16	that	that	DT
29364	930	17	has	have	VBZ
29364	930	18	nothing	nothing	NN
29364	930	19	to	to	TO
29364	930	20	do	do	VB
29364	930	21	with	with	IN
29364	930	22	any	any	DT
29364	930	23	restriction	restriction	NN
29364	930	24	on	on	IN
29364	930	25	the	the	DT
29364	930	26	market	market	NN
29364	930	27	.	.	.
29364	931	1	The	the	DT
29364	931	2	market	market	NN
29364	931	3	for	for	IN
29364	931	4	gold	gold	JJ
29364	931	5	bars	bar	NNS
29364	931	6	in	in	IN
29364	931	7	the	the	DT
29364	931	8	United	United	NNP
29364	931	9	States	States	NNP
29364	931	10	is	be	VBZ
29364	931	11	at	at	IN
29364	931	12	the	the	DT
29364	931	13	Treasury	Treasury	NNP
29364	931	14	and	and	CC
29364	931	15	the	the	DT
29364	931	16	various	various	JJ
29364	931	17	sub	sub	NN
29364	931	18	-	-	HYPH
29364	931	19	treasuries	treasury	NNS
29364	931	20	,	,	,
29364	931	21	and	and	CC
29364	931	22	as	as	RB
29364	931	23	long	long	RB
29364	931	24	as	as	IN
29364	931	25	the	the	DT
29364	931	26	prospective	prospective	JJ
29364	931	27	buyer	buyer	NN
29364	931	28	has	have	VBZ
29364	931	29	the	the	DT
29364	931	30	legal	legal	JJ
29364	931	31	tender	tender	NN
29364	931	32	to	to	TO
29364	931	33	offer	offer	VB
29364	931	34	,	,	,
29364	931	35	he	-PRON-	PRP
29364	931	36	can	can	MD
29364	931	37	buy	buy	VB
29364	931	38	the	the	DT
29364	931	39	gold	gold	NN
29364	931	40	bars	bar	NNS
29364	931	41	which	which	WDT
29364	931	42	may	may	MD
29364	931	43	be	be	VB
29364	931	44	on	on	IN
29364	931	45	hand	hand	NN
29364	931	46	.	.	.
29364	932	1	And	and	CC
29364	932	2	at	at	IN
29364	932	3	a	a	DT
29364	932	4	fixed	fix	VBN
29364	932	5	price	price	NN
29364	932	6	,	,	,
29364	932	7	regardless	regardless	RB
29364	932	8	of	of	IN
29364	932	9	how	how	WRB
29364	932	10	urgent	urgent	JJ
29364	932	11	the	the	DT
29364	932	12	demand	demand	NN
29364	932	13	may	may	MD
29364	932	14	be	be	VB
29364	932	15	,	,	,
29364	932	16	who	who	WP
29364	932	17	he	-PRON-	PRP
29364	932	18	is	be	VBZ
29364	932	19	,	,	,
29364	932	20	or	or	CC
29364	932	21	who	who	WP
29364	932	22	else	else	RB
29364	932	23	may	may	MD
29364	932	24	be	be	VB
29364	932	25	bidding	bid	VBG
29364	932	26	.	.	.
29364	933	1	First	first	RB
29364	933	2	come	come	VB
29364	933	3	first	first	RB
29364	933	4	served	serve	VBN
29364	933	5	is	be	VBZ
29364	933	6	the	the	DT
29364	933	7	rule	rule	NN
29364	933	8	,	,	,
29364	933	9	and	and	CC
29364	933	10	a	a	DT
29364	933	11	rule	rule	NN
29364	933	12	which	which	WDT
29364	933	13	is	be	VBZ
29364	933	14	observed	observe	VBN
29364	933	15	as	as	RB
29364	933	16	long	long	RB
29364	933	17	as	as	IN
29364	933	18	the	the	DT
29364	933	19	bars	bar	NNS
29364	933	20	hold	hold	VBP
29364	933	21	out	out	RP
29364	933	22	.	.	.
29364	934	1	After	after	IN
29364	934	2	that	that	DT
29364	934	3	,	,	,
29364	934	4	whoever	whoever	WP
29364	934	5	still	still	RB
29364	934	6	wants	want	VBZ
29364	934	7	gold	gold	NN
29364	934	8	can	can	MD
29364	934	9	take	take	VB
29364	934	10	it	-PRON-	PRP
29364	934	11	in	in	IN
29364	934	12	the	the	DT
29364	934	13	form	form	NN
29364	934	14	of	of	IN
29364	934	15	coin	coin	NN
29364	934	16	.	.	.
29364	935	1	How	how	WRB
29364	935	2	such	such	JJ
29364	935	3	conditions	condition	NNS
29364	935	4	have	have	VBP
29364	935	5	worked	work	VBN
29364	935	6	out	out	RP
29364	935	7	,	,	,
29364	935	8	so	so	RB
29364	935	9	far	far	RB
29364	935	10	as	as	IN
29364	935	11	our	-PRON-	PRP$
29364	935	12	gaining	gaining	NN
29364	935	13	or	or	CC
29364	935	14	losing	lose	VBG
29364	935	15	gold	gold	NN
29364	935	16	is	be	VBZ
29364	935	17	concerned	concern	VBN
29364	935	18	,	,	,
29364	935	19	can	can	MD
29364	935	20	be	be	VB
29364	935	21	seen	see	VBN
29364	935	22	from	from	IN
29364	935	23	the	the	DT
29364	935	24	following	follow	VBG
29364	935	25	table	table	NN
29364	935	26	,	,	,
29364	935	27	introduced	introduce	VBN
29364	935	28	here	here	RB
29364	935	29	for	for	IN
29364	935	30	the	the	DT
29364	935	31	purpose	purpose	NN
29364	935	32	of	of	IN
29364	935	33	giving	give	VBG
29364	935	34	a	a	DT
29364	935	35	clear	clear	JJ
29364	935	36	idea	idea	NN
29364	935	37	as	as	IN
29364	935	38	to	to	IN
29364	935	39	just	just	RB
29364	935	40	where	where	WRB
29364	935	41	the	the	DT
29364	935	42	United	United	NNP
29364	935	43	States	States	NNP
29364	935	44	has	have	VBZ
29364	935	45	stood	stand	VBN
29364	935	46	in	in	IN
29364	935	47	the	the	DT
29364	935	48	international	international	JJ
29364	935	49	movement	movement	NN
29364	935	50	of	of	IN
29364	935	51	gold	gold	NN
29364	935	52	during	during	IN
29364	935	53	the	the	DT
29364	935	54	five	five	CD
29364	935	55	-	-	HYPH
29364	935	56	year	year	NN
29364	935	57	period	period	NN
29364	935	58	given	give	VBN
29364	935	59	below	below	RP
29364	935	60	:	:	:
29364	935	61	Exports	export	NNS
29364	935	62	of	of	IN
29364	935	63	Excess	excess	NN
29364	935	64	of	of	IN
29364	935	65	Gold	gold	NN
29364	935	66	from	from	IN
29364	935	67	U.S.	U.S.	NNP
29364	935	68	Imports	Imports	NNPS
29364	935	69	Imports	Imports	NNPS
29364	935	70	1913	1913	CD
29364	935	71	$	$	$
29364	935	72	77,762,622	77,762,622	CD
29364	935	73	$	$	$
29364	935	74	69,194,025	69,194,025	CD
29364	935	75	[	[	-LRB-
29364	935	76	1]$8,568,597	1]$8,568,597	CD
29364	935	77	1912	1912	CD
29364	935	78	57,328,348	57,328,348	CD
29364	935	79	48,936,500	48,936,500	CD
29364	935	80	[	[	-LRB-
29364	935	81	1]8,391,848	1]8,391,848	CD
29364	935	82	1911	1911	CD
29364	935	83	22,509,653	22,509,653	CD
29364	935	84	73,607,013	73,607,013	CD
29364	935	85	51,097,360	51,097,360	CD
29364	935	86	1910	1910	CD
29364	935	87	118,563,215	118,563,215	CD
29364	935	88	43,339,905	43,339,905	CD
29364	935	89	[	[	-LRB-
29364	935	90	1]75,223,310	1]75,223,310	CD
29364	935	91	1909	1909	CD
29364	935	92	91,531,818	91,531,818	CD
29364	935	93	44,003,989	44,003,989	CD
29364	935	94	[	[	-LRB-
29364	935	95	1]47,527,829	1]47,527,829	CD
29364	935	96	[	[	-LRB-
29364	935	97	1	1	CD
29364	935	98	]	]	-RRB-
29364	935	99	Excess	excess	NN
29364	935	100	of	of	IN
29364	935	101	exports	export	NNS
29364	935	102	In	in	IN
29364	935	103	conclusion	conclusion	NN
29364	935	104	,	,	,
29364	935	105	it	-PRON-	PRP
29364	935	106	may	may	MD
29364	935	107	be	be	VB
29364	935	108	said	say	VBN
29364	935	109	that	that	IN
29364	935	110	the	the	DT
29364	935	111	prediction	prediction	NN
29364	935	112	that	that	IN
29364	935	113	as	as	IN
29364	935	114	international	international	JJ
29364	935	115	financial	financial	JJ
29364	935	116	relationships	relationship	NNS
29364	935	117	between	between	IN
29364	935	118	banks	bank	NNS
29364	935	119	are	be	VBP
29364	935	120	drawn	draw	VBN
29364	935	121	closer	close	RBR
29364	935	122	,	,	,
29364	935	123	gold	gold	NN
29364	935	124	movements	movement	NNS
29364	935	125	will	will	MD
29364	935	126	tend	tend	VB
29364	935	127	to	to	TO
29364	935	128	decrease	decrease	VB
29364	935	129	,	,	,
29364	935	130	seem	seem	VB
29364	935	131	hardly	hardly	RB
29364	935	132	to	to	TO
29364	935	133	be	be	VB
29364	935	134	borne	bear	VBN
29364	935	135	out	out	RP
29364	935	136	by	by	IN
29364	935	137	the	the	DT
29364	935	138	figures	figure	NNS
29364	935	139	of	of	IN
29364	935	140	the	the	DT
29364	935	141	table	table	NN
29364	935	142	given	give	VBN
29364	935	143	above	above	RB
29364	935	144	.	.	.
29364	936	1	Banks	bank	NNS
29364	936	2	here	here	RB
29364	936	3	and	and	CC
29364	936	4	banks	bank	NNS
29364	936	5	abroad	abroad	RB
29364	936	6	are	be	VBP
29364	936	7	working	work	VBG
29364	936	8	together	together	RB
29364	936	9	in	in	IN
29364	936	10	a	a	DT
29364	936	11	way	way	NN
29364	936	12	unknown	unknown	JJ
29364	936	13	ten	ten	CD
29364	936	14	or	or	CC
29364	936	15	even	even	RB
29364	936	16	five	five	CD
29364	936	17	years	year	NNS
29364	936	18	ago	ago	RB
29364	936	19	,	,	,
29364	936	20	but	but	CC
29364	936	21	as	as	IN
29364	936	22	yet	yet	RB
29364	936	23	there	there	EX
29364	936	24	are	be	VBP
29364	936	25	no	no	DT
29364	936	26	signs	sign	NNS
29364	936	27	of	of	IN
29364	936	28	any	any	DT
29364	936	29	lessening	lessening	NN
29364	936	30	in	in	IN
29364	936	31	the	the	DT
29364	936	32	inward	inward	NN
29364	936	33	or	or	CC
29364	936	34	outward	outward	JJ
29364	936	35	movement	movement	NN
29364	936	36	of	of	IN
29364	936	37	specie	specie	NNP
29364	936	38	.	.	.
29364	937	1	More	more	RBR
29364	937	2	liberal	liberal	JJ
29364	937	3	granting	granting	NN
29364	937	4	of	of	IN
29364	937	5	international	international	JJ
29364	937	6	credits	credit	NNS
29364	937	7	,	,	,
29364	937	8	increased	increase	VBD
29364	937	9	international	international	JJ
29364	937	10	loaning	loan	VBG
29364	937	11	operations	operation	NNS
29364	937	12	,	,	,
29364	937	13	far	far	RB
29364	937	14	from	from	IN
29364	937	15	putting	put	VBG
29364	937	16	an	an	DT
29364	937	17	end	end	NN
29364	937	18	to	to	IN
29364	937	19	the	the	DT
29364	937	20	physical	physical	JJ
29364	937	21	movement	movement	NN
29364	937	22	of	of	IN
29364	937	23	gold	gold	NN
29364	937	24	in	in	IN
29364	937	25	large	large	JJ
29364	937	26	quantities,--these	quantities,--these	NNPS
29364	937	27	are	be	VBP
29364	937	28	influences	influence	NNS
29364	937	29	tending	tend	VBG
29364	937	30	to	to	TO
29364	937	31	make	make	VB
29364	937	32	gold	gold	NN
29364	937	33	move	move	NN
29364	937	34	more	more	RBR
29364	937	35	freely	freely	RB
29364	937	36	than	than	IN
29364	937	37	ever	ever	RB
29364	937	38	.	.	.
29364	938	1	The	the	DT
29364	938	2	day	day	NN
29364	938	3	of	of	IN
29364	938	4	the	the	DT
29364	938	5	treasure	treasure	NN
29364	938	6	galleons	galleon	NNS
29364	938	7	is	be	VBZ
29364	938	8	over	over	RB
29364	938	9	,	,	,
29364	938	10	but	but	CC
29364	938	11	in	in	IN
29364	938	12	their	-PRON-	PRP$
29364	938	13	place	place	NN
29364	938	14	we	-PRON-	PRP
29364	938	15	have	have	VBP
29364	938	16	swift	swift	NN
29364	938	17	-	-	HYPH
29364	938	18	moving	move	VBG
29364	938	19	steamers	steamer	NNS
29364	938	20	by	by	IN
29364	938	21	which	which	WDT
29364	938	22	gold	gold	NN
29364	938	23	can	can	MD
29364	938	24	be	be	VB
29364	938	25	shifted	shift	VBN
29364	938	26	from	from	IN
29364	938	27	one	one	CD
29364	938	28	point	point	NN
29364	938	29	to	to	IN
29364	938	30	another	another	DT
29364	938	31	with	with	IN
29364	938	32	safety	safety	NN
29364	938	33	and	and	CC
29364	938	34	ease	ease	NN
29364	938	35	.	.	.
29364	939	1	Gold	gold	NN
29364	939	2	movements	movement	NNS
29364	939	3	seem	seem	VBP
29364	939	4	as	as	IN
29364	939	5	though	though	IN
29364	939	6	they	-PRON-	PRP
29364	939	7	were	be	VBD
29364	939	8	to	to	TO
29364	939	9	play	play	VB
29364	939	10	an	an	DT
29364	939	11	important	important	JJ
29364	939	12	part	part	NN
29364	939	13	in	in	IN
29364	939	14	the	the	DT
29364	939	15	markets	market	NNS
29364	939	16	for	for	IN
29364	939	17	a	a	DT
29364	939	18	good	good	JJ
29364	939	19	many	many	JJ
29364	939	20	years	year	NNS
29364	939	21	to	to	TO
29364	939	22	come	come	VB
29364	939	23	.	.	.
29364	940	1	CHAPTER	chapter	NN
29364	940	2	VIII	viii	NN
29364	940	3	FOREIGN	foreign	JJ
29364	940	4	EXCHANGE	EXCHANGE	NNP
29364	940	5	IN	in	IN
29364	940	6	ITS	its	PRP$
29364	940	7	RELATION	relation	NN
29364	940	8	TO	to	IN
29364	940	9	INTERNATIONAL	INTERNATIONAL	NNP
29364	940	10	SECURITY	SECURITY	NNP
29364	940	11	TRADING	trading	NN
29364	940	12	On	on	IN
29364	940	13	account	account	NN
29364	940	14	of	of	IN
29364	940	15	the	the	DT
29364	940	16	huge	huge	JJ
29364	940	17	fixed	fix	VBN
29364	940	18	investment	investment	NN
29364	940	19	of	of	IN
29364	940	20	foreign	foreign	JJ
29364	940	21	money	money	NN
29364	940	22	in	in	IN
29364	940	23	the	the	DT
29364	940	24	United	United	NNP
29364	940	25	States	States	NNP
29364	940	26	,	,	,
29364	940	27	on	on	IN
29364	940	28	account	account	NN
29364	940	29	of	of	IN
29364	940	30	Europe	Europe	NNP
29364	940	31	's	's	POS
29364	940	32	continuous	continuous	JJ
29364	940	33	speculative	speculative	JJ
29364	940	34	interest	interest	NN
29364	940	35	in	in	IN
29364	940	36	our	-PRON-	PRP$
29364	940	37	markets	market	NNS
29364	940	38	,	,	,
29364	940	39	and	and	CC
29364	940	40	the	the	DT
29364	940	41	activity	activity	NN
29364	940	42	of	of	IN
29364	940	43	the	the	DT
29364	940	44	"	"	``
29364	940	45	arbitrageurs	arbitrageur	NNS
29364	940	46	"	"	''
29364	940	47	in	in	IN
29364	940	48	both	both	DT
29364	940	49	bonds	bond	NNS
29364	940	50	and	and	CC
29364	940	51	shares	share	NNS
29364	940	52	,	,	,
29364	940	53	dealings	dealing	NNS
29364	940	54	in	in	IN
29364	940	55	securities	security	NNS
29364	940	56	between	between	IN
29364	940	57	ourselves	-PRON-	PRP
29364	940	58	and	and	CC
29364	940	59	the	the	DT
29364	940	60	Old	Old	NNP
29364	940	61	World	World	NNP
29364	940	62	are	be	VBP
29364	940	63	always	always	RB
29364	940	64	on	on	IN
29364	940	65	a	a	DT
29364	940	66	very	very	RB
29364	940	67	great	great	JJ
29364	940	68	scale	scale	NN
29364	940	69	.	.	.
29364	941	1	Not	not	RB
29364	941	2	infrequently	infrequently	RB
29364	941	3	,	,	,
29364	941	4	indeed	indeed	RB
29364	941	5	,	,	,
29364	941	6	Europe	Europe	NNP
29364	941	7	's	's	POS
29364	941	8	position	position	NN
29364	941	9	on	on	IN
29364	941	10	American	american	JJ
29364	941	11	securities	security	NNS
29364	941	12	is	be	VBZ
29364	941	13	an	an	DT
29364	941	14	influence	influence	NN
29364	941	15	of	of	IN
29364	941	16	dominating	dominate	VBG
29364	941	17	importance	importance	NN
29364	941	18	.	.	.
29364	942	1	From	from	IN
29364	942	2	the	the	DT
29364	942	3	maturities	maturity	NNS
29364	942	4	,	,	,
29364	942	5	refunding	refund	VBG
29364	942	6	operations	operation	NNS
29364	942	7	,	,	,
29364	942	8	and	and	CC
29364	942	9	interest	interest	NN
29364	942	10	remittances	remittance	NNS
29364	942	11	alone	alone	RB
29364	942	12	,	,	,
29364	942	13	growing	grow	VBG
29364	942	14	out	out	IN
29364	942	15	of	of	IN
29364	942	16	the	the	DT
29364	942	17	permanent	permanent	JJ
29364	942	18	investment	investment	NN
29364	942	19	of	of	IN
29364	942	20	foreign	foreign	JJ
29364	942	21	money	money	NN
29364	942	22	in	in	IN
29364	942	23	our	-PRON-	PRP$
29364	942	24	securities	security	NNS
29364	942	25	,	,	,
29364	942	26	there	there	EX
29364	942	27	results	result	VBZ
29364	942	28	a	a	DT
29364	942	29	very	very	RB
29364	942	30	great	great	JJ
29364	942	31	amount	amount	NN
29364	942	32	of	of	IN
29364	942	33	international	international	JJ
29364	942	34	security	security	NN
29364	942	35	and	and	CC
29364	942	36	exchange	exchange	NN
29364	942	37	business	business	NN
29364	942	38	.	.	.
29364	943	1	Whether	whether	IN
29364	943	2	Europe	Europe	NNP
29364	943	3	's	's	POS
29364	943	4	investment	investment	NN
29364	943	5	here	here	RB
29364	943	6	amounts	amount	VBZ
29364	943	7	to	to	IN
29364	943	8	three	three	CD
29364	943	9	billions	billion	NNS
29364	943	10	or	or	CC
29364	943	11	four	four	CD
29364	943	12	billions	billion	NNS
29364	943	13	or	or	CC
29364	943	14	five	five	CD
29364	943	15	billions	billion	NNS
29364	943	16	,	,	,
29364	943	17	it	-PRON-	PRP
29364	943	18	is	be	VBZ
29364	943	19	impossible	impossible	JJ
29364	943	20	to	to	TO
29364	943	21	say	say	VB
29364	943	22	;	;	:
29364	943	23	the	the	DT
29364	943	24	fact	fact	NN
29364	943	25	remains	remain	VBZ
29364	943	26	that	that	IN
29364	943	27	it	-PRON-	PRP
29364	943	28	is	be	VBZ
29364	943	29	so	so	RB
29364	943	30	large	large	JJ
29364	943	31	that	that	IN
29364	943	32	every	every	DT
29364	943	33	year	year	NN
29364	943	34	a	a	DT
29364	943	35	very	very	RB
29364	943	36	great	great	JJ
29364	943	37	amount	amount	NN
29364	943	38	of	of	IN
29364	943	39	foreign	foreign	NN
29364	943	40	-	-	HYPH
29364	943	41	held	hold	VBN
29364	943	42	bonds	bond	NNS
29364	943	43	come	come	VBP
29364	943	44	due	due	JJ
29364	943	45	and	and	CC
29364	943	46	have	have	VB
29364	943	47	to	to	TO
29364	943	48	be	be	VB
29364	943	49	paid	pay	VBN
29364	943	50	off	off	RB
29364	943	51	or	or	CC
29364	943	52	refunded	refund	VBN
29364	943	53	,	,	,
29364	943	54	and	and	CC
29364	943	55	,	,	,
29364	943	56	further	far	RBR
29364	943	57	,	,	,
29364	943	58	that	that	IN
29364	943	59	the	the	DT
29364	943	60	remitting	remit	VBG
29364	943	61	abroad	abroad	RB
29364	943	62	of	of	IN
29364	943	63	coupon	coupon	NN
29364	943	64	and	and	CC
29364	943	65	dividend	dividend	NN
29364	943	66	money	money	NN
29364	943	67	each	each	DT
29364	943	68	year	year	NN
29364	943	69	calls	call	VBZ
29364	943	70	for	for	IN
29364	943	71	upward	upward	RB
29364	943	72	of	of	IN
29364	943	73	$	$	$
29364	943	74	150,000,000	150,000,000	CD
29364	943	75	.	.	.
29364	944	1	This	this	DT
29364	944	2	matter	matter	NN
29364	944	3	of	of	IN
29364	944	4	maturing	mature	VBG
29364	944	5	investments	investment	NNS
29364	944	6	,	,	,
29364	944	7	alone	alone	RB
29364	944	8	,	,	,
29364	944	9	calls	call	NNS
29364	944	10	for	for	IN
29364	944	11	continuous	continuous	JJ
29364	944	12	international	international	JJ
29364	944	13	security	security	NN
29364	944	14	trading	trading	NN
29364	944	15	and	and	CC
29364	944	16	on	on	IN
29364	944	17	a	a	DT
29364	944	18	large	large	JJ
29364	944	19	scale	scale	NN
29364	944	20	.	.	.
29364	945	1	Each	each	DT
29364	945	2	year	year	NN
29364	945	3	there	there	EX
29364	945	4	comes	come	VBZ
29364	945	5	due	due	JJ
29364	945	6	in	in	IN
29364	945	7	this	this	DT
29364	945	8	country	country	NN
29364	945	9	an	an	DT
29364	945	10	amount	amount	NN
29364	945	11	of	of	IN
29364	945	12	railroad	railroad	NN
29364	945	13	and	and	CC
29364	945	14	other	other	JJ
29364	945	15	bonds	bond	NNS
29364	945	16	running	run	VBG
29364	945	17	well	well	RB
29364	945	18	up	up	RB
29364	945	19	into	into	IN
29364	945	20	the	the	DT
29364	945	21	hundreds	hundred	NNS
29364	945	22	of	of	IN
29364	945	23	millions	million	NNS
29364	945	24	,	,	,
29364	945	25	of	of	IN
29364	945	26	which	which	WDT
29364	945	27	a	a	DT
29364	945	28	large	large	JJ
29364	945	29	proportion	proportion	NN
29364	945	30	are	be	VBP
29364	945	31	held	hold	VBN
29364	945	32	on	on	IN
29364	945	33	the	the	DT
29364	945	34	other	other	JJ
29364	945	35	side	side	NN
29364	945	36	.	.	.
29364	946	1	Some	some	DT
29364	946	2	of	of	IN
29364	946	3	these	these	DT
29364	946	4	maturities	maturity	NNS
29364	946	5	are	be	VBP
29364	946	6	paid	pay	VBN
29364	946	7	off	off	RP
29364	946	8	in	in	IN
29364	946	9	cash	cash	NN
29364	946	10	--	--	:
29364	946	11	more	more	RBR
29364	946	12	often	often	RB
29364	946	13	,	,	,
29364	946	14	refunding	refund	VBG
29364	946	15	bonds	bond	NNS
29364	946	16	are	be	VBP
29364	946	17	offered	offer	VBN
29364	946	18	in	in	IN
29364	946	19	exchange	exchange	NN
29364	946	20	;	;	:
29364	946	21	seldom	seldom	RB
29364	946	22	,	,	,
29364	946	23	indeed	indeed	RB
29364	946	24	,	,	,
29364	946	25	are	be	VBP
29364	946	26	the	the	DT
29364	946	27	maturing	mature	VBG
29364	946	28	investments	investment	NNS
29364	946	29	allowed	allow	VBN
29364	946	30	to	to	TO
29364	946	31	remain	remain	VB
29364	946	32	unreplaced	unreplaced	JJ
29364	946	33	.	.	.
29364	947	1	European	european	JJ
29364	947	2	investors	investor	NNS
29364	947	3	,	,	,
29364	947	4	especially	especially	RB
29364	947	5	,	,	,
29364	947	6	have	have	VBP
29364	947	7	consistently	consistently	RB
29364	947	8	done	do	VBN
29364	947	9	well	well	RB
29364	947	10	with	with	IN
29364	947	11	money	money	NN
29364	947	12	placed	place	VBN
29364	947	13	in	in	IN
29364	947	14	this	this	DT
29364	947	15	country	country	NN
29364	947	16	,	,	,
29364	947	17	and	and	CC
29364	947	18	the	the	DT
29364	947	19	running	run	VBG
29364	947	20	off	off	RP
29364	947	21	to	to	IN
29364	947	22	maturity	maturity	NN
29364	947	23	of	of	IN
29364	947	24	a	a	DT
29364	947	25	foreign	foreign	NN
29364	947	26	-	-	HYPH
29364	947	27	held	hold	VBN
29364	947	28	American	american	JJ
29364	947	29	bond	bond	NN
29364	947	30	is	be	VBZ
29364	947	31	nearly	nearly	RB
29364	947	32	sure	sure	JJ
29364	947	33	to	to	TO
29364	947	34	be	be	VB
29364	947	35	followed	follow	VBN
29364	947	36	up	up	RP
29364	947	37	by	by	IN
29364	947	38	replacement	replacement	NN
29364	947	39	with	with	IN
29364	947	40	some	some	DT
29364	947	41	other	other	JJ
29364	947	42	American	american	JJ
29364	947	43	security	security	NN
29364	947	44	.	.	.
29364	948	1	Bond	bond	NN
29364	948	2	houses	house	NNS
29364	948	3	doing	do	VBG
29364	948	4	an	an	DT
29364	948	5	international	international	JJ
29364	948	6	business	business	NN
29364	948	7	are	be	VBP
29364	948	8	therefore	therefore	RB
29364	948	9	keenly	keenly	RB
29364	948	10	watchful	watchful	JJ
29364	948	11	of	of	IN
29364	948	12	the	the	DT
29364	948	13	maturity	maturity	NN
29364	948	14	of	of	IN
29364	948	15	issues	issue	NNS
29364	948	16	largely	largely	RB
29364	948	17	held	hold	VBN
29364	948	18	abroad	abroad	RB
29364	948	19	,	,	,
29364	948	20	and	and	CC
29364	948	21	are	be	VBP
29364	948	22	ever	ever	RB
29364	948	23	ready	ready	JJ
29364	948	24	with	with	IN
29364	948	25	offers	offer	NNS
29364	948	26	of	of	IN
29364	948	27	new	new	JJ
29364	948	28	and	and	CC
29364	948	29	attractive	attractive	JJ
29364	948	30	investments	investment	NNS
29364	948	31	.	.	.
29364	949	1	Knowledge	knowledge	NN
29364	949	2	of	of	IN
29364	949	3	the	the	DT
29364	949	4	location	location	NN
29364	949	5	of	of	IN
29364	949	6	American	american	JJ
29364	949	7	investments	investment	NNS
29364	949	8	in	in	IN
29364	949	9	Europe	Europe	NNP
29364	949	10	is	be	VBZ
29364	949	11	thus	thus	RB
29364	949	12	a	a	DT
29364	949	13	business	business	NN
29364	949	14	asset	asset	NN
29364	949	15	of	of	IN
29364	949	16	the	the	DT
29364	949	17	greatest	great	JJS
29364	949	18	importance	importance	NN
29364	949	19	,	,	,
29364	949	20	and	and	CC
29364	949	21	records	record	NNS
29364	949	22	are	be	VBP
29364	949	23	carefully	carefully	RB
29364	949	24	kept	keep	VBN
29364	949	25	.	.	.
29364	950	1	The	the	DT
29364	950	2	fact	fact	NN
29364	950	3	that	that	IN
29364	950	4	a	a	DT
29364	950	5	dealer	dealer	NN
29364	950	6	here	here	RB
29364	950	7	knows	know	VBZ
29364	950	8	that	that	IN
29364	950	9	some	some	DT
29364	950	10	bank	bank	NN
29364	950	11	in	in	IN
29364	950	12	London	London	NNP
29364	950	13	has	have	VBZ
29364	950	14	a	a	DT
29364	950	15	wealthy	wealthy	JJ
29364	950	16	client	client	NN
29364	950	17	who	who	WP
29364	950	18	holds	hold	VBZ
29364	950	19	a	a	DT
29364	950	20	big	big	JJ
29364	950	21	block	block	NN
29364	950	22	of	of	IN
29364	950	23	certain	certain	JJ
29364	950	24	bonds	bond	NNS
29364	950	25	about	about	JJ
29364	950	26	to	to	TO
29364	950	27	mature	mature	VB
29364	950	28	,	,	,
29364	950	29	may	may	MD
29364	950	30	very	very	RB
29364	950	31	possibly	possibly	RB
29364	950	32	mean	mean	VB
29364	950	33	that	that	IN
29364	950	34	the	the	DT
29364	950	35	house	house	NN
29364	950	36	here	here	RB
29364	950	37	may	may	MD
29364	950	38	be	be	VB
29364	950	39	able	able	JJ
29364	950	40	to	to	TO
29364	950	41	make	make	VB
29364	950	42	a	a	DT
29364	950	43	very	very	RB
29364	950	44	profitable	profitable	JJ
29364	950	45	trade	trade	NN
29364	950	46	.	.	.
29364	951	1	Information	information	NN
29364	951	2	of	of	IN
29364	951	3	this	this	DT
29364	951	4	character	character	NN
29364	951	5	is	be	VBZ
29364	951	6	carefully	carefully	RB
29364	951	7	gathered	gather	VBN
29364	951	8	wherever	wherever	WRB
29364	951	9	possible	possible	JJ
29364	951	10	and	and	CC
29364	951	11	as	as	RB
29364	951	12	carefully	carefully	RB
29364	951	13	guarded	guard	VBN
29364	951	14	.	.	.
29364	952	1	The	the	DT
29364	952	2	longer	long	JJR
29364	952	3	a	a	DT
29364	952	4	house	house	NN
29364	952	5	has	have	VBZ
29364	952	6	been	be	VBN
29364	952	7	in	in	IN
29364	952	8	business	business	NN
29364	952	9	,	,	,
29364	952	10	naturally	naturally	RB
29364	952	11	,	,	,
29364	952	12	and	and	CC
29364	952	13	the	the	DT
29364	952	14	closer	close	JJR
29364	952	15	its	-PRON-	PRP$
29364	952	16	financial	financial	JJ
29364	952	17	relationship	relationship	NN
29364	952	18	with	with	IN
29364	952	19	investment	investment	NN
29364	952	20	interests	interest	NNS
29364	952	21	abroad	abroad	RB
29364	952	22	,	,	,
29364	952	23	the	the	DT
29364	952	24	more	more	JJR
29364	952	25	of	of	IN
29364	952	26	this	this	DT
29364	952	27	sort	sort	NN
29364	952	28	of	of	IN
29364	952	29	information	information	NN
29364	952	30	it	-PRON-	PRP
29364	952	31	is	be	VBZ
29364	952	32	bound	bind	VBN
29364	952	33	to	to	TO
29364	952	34	possess	possess	VB
29364	952	35	.	.	.
29364	953	1	Foreign	foreign	JJ
29364	953	2	exchange	exchange	NN
29364	953	3	growing	grow	VBG
29364	953	4	out	out	IN
29364	953	5	of	of	IN
29364	953	6	these	these	DT
29364	953	7	renewals	renewal	NNS
29364	953	8	and	and	CC
29364	953	9	refundings	refunding	NNS
29364	953	10	is	be	VBZ
29364	953	11	on	on	IN
29364	953	12	a	a	DT
29364	953	13	very	very	RB
29364	953	14	large	large	JJ
29364	953	15	scale	scale	NN
29364	953	16	.	.	.
29364	954	1	Sometimes	sometimes	RB
29364	954	2	the	the	DT
29364	954	3	placing	placing	NN
29364	954	4	of	of	IN
29364	954	5	a	a	DT
29364	954	6	new	new	JJ
29364	954	7	issue	issue	NN
29364	954	8	abroad	abroad	RB
29364	954	9	means	mean	VBZ
29364	954	10	such	such	JJ
29364	954	11	immediate	immediate	JJ
29364	954	12	drawing	drawing	NN
29364	954	13	of	of	IN
29364	954	14	drafts	draft	NNS
29364	954	15	on	on	IN
29364	954	16	foreign	foreign	JJ
29364	954	17	buyers	buyer	NNS
29364	954	18	of	of	IN
29364	954	19	the	the	DT
29364	954	20	securities	security	NNS
29364	954	21	as	as	IN
29364	954	22	to	to	TO
29364	954	23	depress	depress	VB
29364	954	24	the	the	DT
29364	954	25	exchange	exchange	NN
29364	954	26	market	market	NN
29364	954	27	sharply	sharply	RB
29364	954	28	.	.	.
29364	955	1	Sometimes	sometimes	RB
29364	955	2	,	,	,
29364	955	3	as	as	IN
29364	955	4	in	in	IN
29364	955	5	the	the	DT
29364	955	6	case	case	NN
29364	955	7	of	of	IN
29364	955	8	new	new	JJ
29364	955	9	issues	issue	NNS
29364	955	10	of	of	IN
29364	955	11	railroad	railroad	NN
29364	955	12	stock	stock	NN
29364	955	13	,	,	,
29364	955	14	where	where	WRB
29364	955	15	payments	payment	NNS
29364	955	16	are	be	VBP
29364	955	17	usually	usually	RB
29364	955	18	made	make	VBN
29364	955	19	in	in	IN
29364	955	20	instalments	instalment	NNS
29364	955	21	covering	cover	VBG
29364	955	22	a	a	DT
29364	955	23	year	year	NN
29364	955	24	or	or	CC
29364	955	25	more	more	JJR
29364	955	26	,	,	,
29364	955	27	the	the	DT
29364	955	28	drawing	drawing	NN
29364	955	29	of	of	IN
29364	955	30	exchange	exchange	NN
29364	955	31	is	be	VBZ
29364	955	32	distributed	distribute	VBN
29364	955	33	in	in	IN
29364	955	34	such	such	PDT
29364	955	35	a	a	DT
29364	955	36	way	way	NN
29364	955	37	that	that	WDT
29364	955	38	its	-PRON-	PRP$
29364	955	39	influence	influence	NN
29364	955	40	,	,	,
29364	955	41	if	if	IN
29364	955	42	felt	feel	VBD
29364	955	43	at	at	RB
29364	955	44	all	all	RB
29364	955	45	,	,	,
29364	955	46	is	be	VBZ
29364	955	47	felt	feel	VBN
29364	955	48	merely	merely	RB
29364	955	49	as	as	IN
29364	955	50	an	an	DT
29364	955	51	underlying	underlie	VBG
29364	955	52	element	element	NN
29364	955	53	of	of	IN
29364	955	54	weakness	weakness	NN
29364	955	55	.	.	.
29364	956	1	Of	of	IN
29364	956	2	a	a	DT
29364	956	3	somewhat	somewhat	RB
29364	956	4	different	different	JJ
29364	956	5	character	character	NN
29364	956	6	are	be	VBP
29364	956	7	the	the	DT
29364	956	8	foreign	foreign	JJ
29364	956	9	exchange	exchange	NN
29364	956	10	transactions	transaction	NNS
29364	956	11	originating	originate	VBG
29364	956	12	from	from	IN
29364	956	13	what	what	WP
29364	956	14	might	may	MD
29364	956	15	be	be	VB
29364	956	16	called	call	VBN
29364	956	17	Europe	Europe	NNP
29364	956	18	's	's	POS
29364	956	19	"	"	``
29364	956	20	floating	float	VBG
29364	956	21	"	"	''
29364	956	22	investment	investment	NN
29364	956	23	in	in	IN
29364	956	24	American	american	JJ
29364	956	25	securities	security	NNS
29364	956	26	and	and	CC
29364	956	27	from	from	IN
29364	956	28	the	the	DT
29364	956	29	out	out	JJ
29364	956	30	-	-	HYPH
29364	956	31	and	and	CC
29364	956	32	-	-	HYPH
29364	956	33	out	out	RP
29364	956	34	speculations	speculation	NNS
29364	956	35	carried	carry	VBN
29364	956	36	on	on	RP
29364	956	37	in	in	IN
29364	956	38	this	this	DT
29364	956	39	market	market	NN
29364	956	40	by	by	IN
29364	956	41	the	the	DT
29364	956	42	foreigners	foreigner	NNS
29364	956	43	.	.	.
29364	957	1	There	there	EX
29364	957	2	is	be	VBZ
29364	957	3	never	never	RB
29364	957	4	a	a	DT
29364	957	5	time	time	NN
29364	957	6	,	,	,
29364	957	7	probably	probably	RB
29364	957	8	,	,	,
29364	957	9	when	when	WRB
29364	957	10	the	the	DT
29364	957	11	floating	float	VBG
29364	957	12	foreign	foreign	JJ
29364	957	13	investment	investment	NN
29364	957	14	in	in	IN
29364	957	15	American	american	JJ
29364	957	16	stocks	stock	NNS
29364	957	17	and	and	CC
29364	957	18	bonds	bond	NNS
29364	957	19	does	do	VBZ
29364	957	20	not	not	RB
29364	957	21	run	run	VB
29364	957	22	up	up	RP
29364	957	23	with	with	IN
29364	957	24	the	the	DT
29364	957	25	hundreds	hundred	NNS
29364	957	26	of	of	IN
29364	957	27	millions	million	NNS
29364	957	28	of	of	IN
29364	957	29	dollars	dollar	NNS
29364	957	30	.	.	.
29364	958	1	"	"	``
29364	958	2	Speculation	speculation	NN
29364	958	3	,	,	,
29364	958	4	"	"	''
29364	958	5	such	such	JJ
29364	958	6	operations	operation	NNS
29364	958	7	would	would	MD
29364	958	8	probably	probably	RB
29364	958	9	be	be	VB
29364	958	10	called	call	VBN
29364	958	11	by	by	IN
29364	958	12	many	many	JJ
29364	958	13	people	people	NNS
29364	958	14	,	,	,
29364	958	15	but	but	CC
29364	958	16	whether	whether	IN
29364	958	17	speculation	speculation	NN
29364	958	18	or	or	CC
29364	958	19	not	not	RB
29364	958	20	,	,	,
29364	958	21	a	a	DT
29364	958	22	form	form	NN
29364	958	23	of	of	IN
29364	958	24	activity	activity	NN
29364	958	25	which	which	WDT
29364	958	26	is	be	VBZ
29364	958	27	continually	continually	RB
29364	958	28	giving	give	VBG
29364	958	29	rise	rise	NN
29364	958	30	to	to	IN
29364	958	31	big	big	JJ
29364	958	32	dealings	dealing	NNS
29364	958	33	in	in	IN
29364	958	34	foreign	foreign	JJ
29364	958	35	exchange	exchange	NN
29364	958	36	.	.	.
29364	959	1	For	for	IN
29364	959	2	this	this	DT
29364	959	3	"	"	``
29364	959	4	floating	float	VBG
29364	959	5	"	"	''
29364	959	6	investment	investment	NN
29364	959	7	is	be	VBZ
29364	959	8	very	very	RB
29364	959	9	largely	largely	RB
29364	959	10	for	for	IN
29364	959	11	account	account	NN
29364	959	12	of	of	IN
29364	959	13	bankers	banker	NNS
29364	959	14	whose	whose	WP$
29364	959	15	international	international	JJ
29364	959	16	connections	connection	NNS
29364	959	17	and	and	CC
29364	959	18	credit	credit	NN
29364	959	19	make	make	VBP
29364	959	20	it	-PRON-	PRP
29364	959	21	possible	possible	JJ
29364	959	22	for	for	IN
29364	959	23	them	-PRON-	PRP
29364	959	24	to	to	TO
29364	959	25	carry	carry	VB
29364	959	26	stocks	stock	NNS
29364	959	27	and	and	CC
29364	959	28	bonds	bond	NNS
29364	959	29	through	through	IN
29364	959	30	the	the	DT
29364	959	31	agency	agency	NN
29364	959	32	of	of	IN
29364	959	33	the	the	DT
29364	959	34	exchange	exchange	NN
29364	959	35	market	market	NN
29364	959	36	,	,	,
29364	959	37	and	and	CC
29364	959	38	without	without	IN
29364	959	39	having	have	VBG
29364	959	40	to	to	TO
29364	959	41	put	put	VB
29364	959	42	up	up	RP
29364	959	43	any	any	DT
29364	959	44	actual	actual	JJ
29364	959	45	money	money	NN
29364	959	46	.	.	.
29364	960	1	The	the	DT
29364	960	2	ingenious	ingenious	JJ
29364	960	3	method	method	NN
29364	960	4	by	by	IN
29364	960	5	which	which	WDT
29364	960	6	this	this	DT
29364	960	7	is	be	VBZ
29364	960	8	accomplished	accomplish	VBN
29364	960	9	is	be	VBZ
29364	960	10	about	about	RB
29364	960	11	as	as	IN
29364	960	12	follows	follow	VBZ
29364	960	13	:	:	:
29364	960	14	A	a	DT
29364	960	15	banker	banker	NN
29364	960	16	here	here	RB
29364	960	17	,	,	,
29364	960	18	for	for	IN
29364	960	19	instance	instance	NN
29364	960	20	,	,	,
29364	960	21	decides	decide	VBZ
29364	960	22	that	that	IN
29364	960	23	a	a	DT
29364	960	24	certain	certain	JJ
29364	960	25	low	low	RB
29364	960	26	-	-	HYPH
29364	960	27	priced	price	VBN
29364	960	28	bond	bond	NN
29364	960	29	is	be	VBZ
29364	960	30	cheap	cheap	JJ
29364	960	31	and	and	CC
29364	960	32	that	that	IN
29364	960	33	if	if	IN
29364	960	34	purchased	purchase	VBN
29364	960	35	it	-PRON-	PRP
29364	960	36	will	will	MD
29364	960	37	show	show	VB
29364	960	38	a	a	DT
29364	960	39	substantial	substantial	JJ
29364	960	40	profit	profit	NN
29364	960	41	within	within	IN
29364	960	42	six	six	CD
29364	960	43	months	month	NNS
29364	960	44	or	or	CC
29364	960	45	a	a	DT
29364	960	46	year	year	NN
29364	960	47	.	.	.
29364	961	1	Not	not	RB
29364	961	2	wanting	want	VBG
29364	961	3	to	to	TO
29364	961	4	buy	buy	VB
29364	961	5	the	the	DT
29364	961	6	bonds	bond	NNS
29364	961	7	and	and	CC
29364	961	8	borrow	borrow	VB
29364	961	9	on	on	IN
29364	961	10	them	-PRON-	PRP
29364	961	11	here	here	RB
29364	961	12	,	,	,
29364	961	13	he	-PRON-	PRP
29364	961	14	invites	invite	VBZ
29364	961	15	his	-PRON-	PRP$
29364	961	16	foreign	foreign	JJ
29364	961	17	correspondent	correspondent	NN
29364	961	18	into	into	IN
29364	961	19	the	the	DT
29364	961	20	deal	deal	NN
29364	961	21	on	on	IN
29364	961	22	joint	joint	JJ
29364	961	23	account	account	NN
29364	961	24	,	,	,
29364	961	25	arranging	arrange	VBG
29364	961	26	to	to	TO
29364	961	27	raise	raise	VB
29364	961	28	the	the	DT
29364	961	29	money	money	NN
29364	961	30	with	with	IN
29364	961	31	which	which	WDT
29364	961	32	to	to	TO
29364	961	33	buy	buy	VB
29364	961	34	the	the	DT
29364	961	35	bonds	bond	NNS
29364	961	36	by	by	IN
29364	961	37	drawing	draw	VBG
29364	961	38	a	a	DT
29364	961	39	ninety	ninety	CD
29364	961	40	-	-	HYPH
29364	961	41	day	day	NN
29364	961	42	sight	sight	NN
29364	961	43	draft	draft	NN
29364	961	44	on	on	IN
29364	961	45	the	the	DT
29364	961	46	foreign	foreign	JJ
29364	961	47	correspondent	correspondent	NN
29364	961	48	.	.	.
29364	962	1	This	this	DT
29364	962	2	he	-PRON-	PRP
29364	962	3	does	do	VBZ
29364	962	4	,	,	,
29364	962	5	drawing	draw	VBG
29364	962	6	,	,	,
29364	962	7	say	say	VB
29364	962	8	,	,	,
29364	962	9	a	a	DT
29364	962	10	£	£	$
29364	962	11	50,000	50,000	CD
29364	962	12	draft	draft	NN
29364	962	13	at	at	IN
29364	962	14	ninety	ninety	CD
29364	962	15	days	day	NNS
29364	962	16	'	'	POS
29364	962	17	sight	sight	NN
29364	962	18	,	,	,
29364	962	19	and	and	CC
29364	962	20	selling	sell	VBG
29364	962	21	it	-PRON-	PRP
29364	962	22	in	in	IN
29364	962	23	the	the	DT
29364	962	24	exchange	exchange	NN
29364	962	25	market	market	NN
29364	962	26	at	at	IN
29364	962	27	,	,	,
29364	962	28	let	let	VB
29364	962	29	us	-PRON-	PRP
29364	962	30	say	say	VB
29364	962	31	,	,	,
29364	962	32	$	$	$
29364	962	33	4.83	4.83	CD
29364	962	34	.	.	.
29364	963	1	The	the	DT
29364	963	2	$	$	$
29364	963	3	241,500	241,500	CD
29364	963	4	received	receive	VBN
29364	963	5	from	from	IN
29364	963	6	the	the	DT
29364	963	7	sale	sale	NN
29364	963	8	of	of	IN
29364	963	9	the	the	DT
29364	963	10	draft	draft	NN
29364	963	11	,	,	,
29364	963	12	the	the	DT
29364	963	13	American	american	JJ
29364	963	14	banker	banker	NN
29364	963	15	uses	use	VBZ
29364	963	16	to	to	TO
29364	963	17	buy	buy	VB
29364	963	18	the	the	DT
29364	963	19	bonds	bond	NNS
29364	963	20	.	.	.
29364	964	1	Ninety	ninety	CD
29364	964	2	days	day	NNS
29364	964	3	later	later	RBR
29364	964	4	the	the	DT
29364	964	5	draft	draft	NN
29364	964	6	will	will	MD
29364	964	7	come	come	VB
29364	964	8	due	due	JJ
29364	964	9	in	in	IN
29364	964	10	London	London	NNP
29364	964	11	,	,	,
29364	964	12	and	and	CC
29364	964	13	have	have	VBP
29364	964	14	to	to	TO
29364	964	15	be	be	VB
29364	964	16	covered	cover	VBN
29364	964	17	(	(	-LRB-
29364	964	18	or	or	CC
29364	964	19	renewed	renew	VBN
29364	964	20	)	)	-RRB-
29364	964	21	from	from	IN
29364	964	22	this	this	DT
29364	964	23	side	side	NN
29364	964	24	,	,	,
29364	964	25	but	but	CC
29364	964	26	in	in	IN
29364	964	27	the	the	DT
29364	964	28	meantime	meantime	NN
29364	964	29	,	,	,
29364	964	30	a	a	DT
29364	964	31	profitable	profitable	JJ
29364	964	32	chance	chance	NN
29364	964	33	to	to	TO
29364	964	34	sell	sell	VB
29364	964	35	the	the	DT
29364	964	36	bonds	bond	NNS
29364	964	37	may	may	MD
29364	964	38	present	present	VB
29364	964	39	itself	-PRON-	PRP
29364	964	40	.	.	.
29364	965	1	If	if	IN
29364	965	2	not	not	RB
29364	965	3	,	,	,
29364	965	4	the	the	DT
29364	965	5	draft	draft	NN
29364	965	6	can	can	MD
29364	965	7	be	be	VB
29364	965	8	"	"	``
29364	965	9	renewed	renew	VBN
29364	965	10	"	"	''
29364	965	11	at	at	IN
29364	965	12	the	the	DT
29364	965	13	end	end	NN
29364	965	14	of	of	IN
29364	965	15	the	the	DT
29364	965	16	ninety	ninety	CD
29364	965	17	days	day	NNS
29364	965	18	,	,	,
29364	965	19	and	and	CC
29364	965	20	again	again	RB
29364	965	21	and	and	CC
29364	965	22	again	again	RB
29364	965	23	if	if	IN
29364	965	24	necessary	necessary	JJ
29364	965	25	,	,	,
29364	965	26	until	until	IN
29364	965	27	the	the	DT
29364	965	28	bankers	banker	NNS
29364	965	29	are	be	VBP
29364	965	30	willing	willing	JJ
29364	965	31	to	to	TO
29364	965	32	close	close	VB
29364	965	33	out	out	RP
29364	965	34	the	the	DT
29364	965	35	bonds	bond	NNS
29364	965	36	.	.	.
29364	966	1	This	this	DT
29364	966	2	operation	operation	NN
29364	966	3	of	of	IN
29364	966	4	"	"	``
29364	966	5	renewing	renew	VBG
29364	966	6	"	"	''
29364	966	7	long	long	JJ
29364	966	8	drafts	draft	NNS
29364	966	9	drawn	draw	VBN
29364	966	10	for	for	IN
29364	966	11	the	the	DT
29364	966	12	purpose	purpose	NN
29364	966	13	of	of	IN
29364	966	14	carrying	carry	VBG
29364	966	15	securities	security	NNS
29364	966	16	is	be	VBZ
29364	966	17	one	one	CD
29364	966	18	of	of	IN
29364	966	19	the	the	DT
29364	966	20	most	most	RBS
29364	966	21	interesting	interesting	JJ
29364	966	22	phases	phase	NNS
29364	966	23	of	of	IN
29364	966	24	foreign	foreign	JJ
29364	966	25	exchange	exchange	NN
29364	966	26	business	business	NN
29364	966	27	in	in	IN
29364	966	28	connection	connection	NN
29364	966	29	with	with	IN
29364	966	30	international	international	JJ
29364	966	31	security	security	NN
29364	966	32	dealings	dealing	NNS
29364	966	33	.	.	.
29364	967	1	The	the	DT
29364	967	2	draft	draft	NN
29364	967	3	has	have	VBZ
29364	967	4	been	be	VBN
29364	967	5	drawn	draw	VBN
29364	967	6	,	,	,
29364	967	7	say	say	VB
29364	967	8	,	,	,
29364	967	9	for	for	IN
29364	967	10	£	£	$
29364	967	11	50,000	50,000	CD
29364	967	12	.	.	.
29364	968	1	The	the	DT
29364	968	2	end	end	NN
29364	968	3	of	of	IN
29364	968	4	the	the	DT
29364	968	5	ninety	ninety	CD
29364	968	6	-	-	HYPH
29364	968	7	day	day	NN
29364	968	8	period	period	NN
29364	968	9	comes	come	VBZ
29364	968	10	,	,	,
29364	968	11	the	the	DT
29364	968	12	draft	draft	NN
29364	968	13	is	be	VBZ
29364	968	14	due	due	JJ
29364	968	15	,	,	,
29364	968	16	is	be	VBZ
29364	968	17	presented	present	VBN
29364	968	18	,	,	,
29364	968	19	and	and	CC
29364	968	20	has	have	VBZ
29364	968	21	to	to	TO
29364	968	22	be	be	VB
29364	968	23	paid	pay	VBN
29364	968	24	.	.	.
29364	969	1	But	but	CC
29364	969	2	the	the	DT
29364	969	3	bankers	banker	NNS
29364	969	4	do	do	VBP
29364	969	5	not	not	RB
29364	969	6	choose	choose	VB
29364	969	7	to	to	TO
29364	969	8	sell	sell	VB
29364	969	9	out	out	RP
29364	969	10	the	the	DT
29364	969	11	bonds	bond	NNS
29364	969	12	and	and	CC
29364	969	13	close	close	VB
29364	969	14	the	the	DT
29364	969	15	deal	deal	NN
29364	969	16	.	.	.
29364	970	1	They	-PRON-	PRP
29364	970	2	arrange	arrange	VBP
29364	970	3	instead	instead	RB
29364	970	4	to	to	TO
29364	970	5	renew	renew	VB
29364	970	6	the	the	DT
29364	970	7	maturing	mature	VBG
29364	970	8	draft	draft	NN
29364	970	9	.	.	.
29364	971	1	This	this	DT
29364	971	2	they	-PRON-	PRP
29364	971	3	do	do	VBP
29364	971	4	by	by	IN
29364	971	5	paying	pay	VBG
29364	971	6	the	the	DT
29364	971	7	original	original	JJ
29364	971	8	ninety	ninety	CD
29364	971	9	-	-	HYPH
29364	971	10	day	day	NN
29364	971	11	draft	draft	NN
29364	971	12	out	out	IN
29364	971	13	of	of	IN
29364	971	14	the	the	DT
29364	971	15	proceeds	proceed	NNS
29364	971	16	of	of	IN
29364	971	17	a	a	DT
29364	971	18	new	new	JJ
29364	971	19	ninety	ninety	CD
29364	971	20	-	-	HYPH
29364	971	21	day	day	NN
29364	971	22	draft	draft	NN
29364	971	23	.	.	.
29364	972	1	The	the	DT
29364	972	2	original	original	JJ
29364	972	3	draft	draft	NN
29364	972	4	for	for	IN
29364	972	5	£	£	$
29364	972	6	50,000	50,000	CD
29364	972	7	comes	come	VBZ
29364	972	8	due	due	JJ
29364	972	9	let	let	VB
29364	972	10	us	-PRON-	PRP
29364	972	11	say	say	VB
29364	972	12	on	on	IN
29364	972	13	October	October	NNP
29364	972	14	19	19	CD
29364	972	15	,	,	,
29364	972	16	so	so	IN
29364	972	17	that	that	IN
29364	972	18	about	about	IN
29364	972	19	October	October	NNP
29364	972	20	10th	10th	NN
29364	972	21	the	the	DT
29364	972	22	New	New	NNP
29364	972	23	York	York	NNP
29364	972	24	banker	banker	NN
29364	972	25	will	will	MD
29364	972	26	be	be	VB
29364	972	27	under	under	IN
29364	972	28	the	the	DT
29364	972	29	necessity	necessity	NN
29364	972	30	of	of	IN
29364	972	31	sending	send	VBG
29364	972	32	over	over	RP
29364	972	33	to	to	IN
29364	972	34	London	London	NNP
29364	972	35	a	a	DT
29364	972	36	demand	demand	NN
29364	972	37	draft	draft	NN
29364	972	38	for	for	IN
29364	972	39	£	£	$
29364	972	40	50,000	50,000	CD
29364	972	41	.	.	.
29364	973	1	The	the	DT
29364	973	2	rate	rate	NN
29364	973	3	realizable	realizable	NN
29364	973	4	for	for	IN
29364	973	5	ninety	ninety	CD
29364	973	6	-	-	HYPH
29364	973	7	day	day	NN
29364	973	8	drafts	draft	NNS
29364	973	9	being	be	VBG
29364	973	10	always	always	RB
29364	973	11	considerably	considerably	RB
29364	973	12	lower	low	JJR
29364	973	13	than	than	IN
29364	973	14	the	the	DT
29364	973	15	price	price	NN
29364	973	16	of	of	IN
29364	973	17	demand	demand	NN
29364	973	18	drafts	draft	NNS
29364	973	19	,	,	,
29364	973	20	it	-PRON-	PRP
29364	973	21	follows	follow	VBZ
29364	973	22	that	that	IN
29364	973	23	if	if	IN
29364	973	24	the	the	DT
29364	973	25	banker	banker	NN
29364	973	26	proposes	propose	VBZ
29364	973	27	to	to	TO
29364	973	28	buy	buy	VB
29364	973	29	£	£	$
29364	973	30	50,000	50,000	CD
29364	973	31	of	of	IN
29364	973	32	demand	demand	NN
29364	973	33	out	out	IN
29364	973	34	of	of	IN
29364	973	35	the	the	DT
29364	973	36	proceeds	proceed	NNS
29364	973	37	of	of	IN
29364	973	38	a	a	DT
29364	973	39	fresh	fresh	JJ
29364	973	40	ninety	ninety	CD
29364	973	41	-	-	HYPH
29364	973	42	day	day	NN
29364	973	43	bill	bill	NN
29364	973	44	he	-PRON-	PRP
29364	973	45	will	will	MD
29364	973	46	have	have	VB
29364	973	47	to	to	TO
29364	973	48	draw	draw	VB
29364	973	49	his	-PRON-	PRP$
29364	973	50	fresh	fresh	JJ
29364	973	51	bill	bill	NN
29364	973	52	for	for	IN
29364	973	53	more	more	JJR
29364	973	54	than	than	IN
29364	973	55	£	£	$
29364	973	56	50,000	50,000	CD
29364	973	57	.	.	.
29364	974	1	If	if	IN
29364	974	2	the	the	DT
29364	974	3	demand	demand	NN
29364	974	4	rate	rate	NN
29364	974	5	happened	happen	VBD
29364	974	6	to	to	TO
29364	974	7	be	be	VB
29364	974	8	4.86	4.86	CD
29364	974	9	,	,	,
29364	974	10	the	the	DT
29364	974	11	£	£	$
29364	974	12	50,000	50,000	CD
29364	974	13	he	-PRON-	PRP
29364	974	14	needs	need	VBZ
29364	974	15	would	would	MD
29364	974	16	cost	cost	VB
29364	974	17	him	-PRON-	PRP
29364	974	18	$	$	$
29364	974	19	243,000	243,000	CD
29364	974	20	.	.	.
29364	975	1	In	in	IN
29364	975	2	order	order	NN
29364	975	3	to	to	TO
29364	975	4	raise	raise	VB
29364	975	5	$	$	$
29364	975	6	243,000	243,000	CD
29364	975	7	by	by	IN
29364	975	8	selling	sell	VBG
29364	975	9	a	a	DT
29364	975	10	ninety	ninety	CD
29364	975	11	-	-	HYPH
29364	975	12	days	day	NNS
29364	975	13	'	'	POS
29364	975	14	sight	sight	NN
29364	975	15	draft	draft	NN
29364	975	16	(	(	-LRB-
29364	975	17	say	say	VB
29364	975	18	at	at	IN
29364	975	19	4.83	4.83	CD
29364	975	20	)	)	-RRB-
29364	975	21	he	-PRON-	PRP
29364	975	22	would	would	MD
29364	975	23	have	have	VB
29364	975	24	to	to	TO
29364	975	25	make	make	VB
29364	975	26	the	the	DT
29364	975	27	new	new	JJ
29364	975	28	draft	draft	NN
29364	975	29	for	for	IN
29364	975	30	£	£	$
29364	975	31	50,310	50,310	CD
29364	975	32	.	.	.
29364	976	1	The	the	DT
29364	976	2	extra	extra	JJ
29364	976	3	£	£	$
29364	976	4	310	310	CD
29364	976	5	would	would	MD
29364	976	6	constitute	constitute	VB
29364	976	7	the	the	DT
29364	976	8	interest	interest	NN
29364	976	9	.	.	.
29364	977	1	Each	each	DT
29364	977	2	time	time	NN
29364	977	3	he	-PRON-	PRP
29364	977	4	renewed	renew	VBD
29364	977	5	the	the	DT
29364	977	6	draft	draft	NN
29364	977	7	he	-PRON-	PRP
29364	977	8	would	would	MD
29364	977	9	have	have	VB
29364	977	10	to	to	TO
29364	977	11	draw	draw	VB
29364	977	12	for	for	IN
29364	977	13	more	more	JJR
29364	977	14	and	and	CC
29364	977	15	more	more	RBR
29364	977	16	.	.	.
29364	978	1	Requiring	require	VBG
29364	978	2	the	the	DT
29364	978	3	tying	tying	NN
29364	978	4	up	up	RP
29364	978	5	of	of	IN
29364	978	6	no	no	DT
29364	978	7	actual	actual	JJ
29364	978	8	capital	capital	NN
29364	978	9	,	,	,
29364	978	10	this	this	DT
29364	978	11	form	form	NN
29364	978	12	of	of	IN
29364	978	13	financing	financing	NN
29364	978	14	"	"	''
29364	978	15	floating	float	VBG
29364	978	16	investments	investment	NNS
29364	978	17	"	"	''
29364	978	18	has	have	VBZ
29364	978	19	become	become	VBN
29364	978	20	exceedingly	exceedingly	RB
29364	978	21	popular	popular	JJ
29364	978	22	and	and	CC
29364	978	23	is	be	VBZ
29364	978	24	carried	carry	VBN
29364	978	25	on	on	RP
29364	978	26	on	on	IN
29364	978	27	a	a	DT
29364	978	28	large	large	JJ
29364	978	29	scale	scale	NN
29364	978	30	.	.	.
29364	979	1	Where	where	WRB
29364	979	2	the	the	DT
29364	979	3	relationships	relationship	NNS
29364	979	4	between	between	IN
29364	979	5	the	the	DT
29364	979	6	foreign	foreign	NN
29364	979	7	and	and	CC
29364	979	8	the	the	DT
29364	979	9	American	american	JJ
29364	979	10	houses	house	NNS
29364	979	11	are	be	VBP
29364	979	12	close	close	JJ
29364	979	13	,	,	,
29364	979	14	there	there	EX
29364	979	15	is	be	VBZ
29364	979	16	almost	almost	RB
29364	979	17	no	no	DT
29364	979	18	limit	limit	NN
29364	979	19	to	to	IN
29364	979	20	the	the	DT
29364	979	21	number	number	NN
29364	979	22	of	of	IN
29364	979	23	times	time	NNS
29364	979	24	an	an	DT
29364	979	25	original	original	JJ
29364	979	26	bill	bill	NN
29364	979	27	may	may	MD
29364	979	28	be	be	VB
29364	979	29	renewed	renew	VBN
29364	979	30	.	.	.
29364	980	1	As	as	IN
29364	980	2	for	for	IN
29364	980	3	the	the	DT
29364	980	4	constantly	constantly	RB
29364	980	5	increasing	increase	VBG
29364	980	6	amount	amount	NN
29364	980	7	of	of	IN
29364	980	8	the	the	DT
29364	980	9	drafts	draft	NNS
29364	980	10	which	which	WDT
29364	980	11	have	have	VBP
29364	980	12	to	to	TO
29364	980	13	be	be	VB
29364	980	14	drawn	draw	VBN
29364	980	15	,	,	,
29364	980	16	that	that	DT
29364	980	17	is	be	VBZ
29364	980	18	taken	take	VBN
29364	980	19	care	care	NN
29364	980	20	of	of	IN
29364	980	21	by	by	IN
29364	980	22	the	the	DT
29364	980	23	interest	interest	NN
29364	980	24	on	on	IN
29364	980	25	the	the	DT
29364	980	26	investment	investment	NN
29364	980	27	carried	carry	VBN
29364	980	28	.	.	.
29364	981	1	Not	not	RB
29364	981	2	all	all	PDT
29364	981	3	the	the	DT
29364	981	4	floating	float	VBG
29364	981	5	investment	investment	NN
29364	981	6	in	in	IN
29364	981	7	American	american	JJ
29364	981	8	securities	security	NNS
29364	981	9	is	be	VBZ
29364	981	10	carried	carry	VBN
29364	981	11	in	in	IN
29364	981	12	this	this	DT
29364	981	13	way	way	NN
29364	981	14	,	,	,
29364	981	15	but	but	CC
29364	981	16	in	in	IN
29364	981	17	whatever	whatever	WDT
29364	981	18	form	form	NN
29364	981	19	the	the	DT
29364	981	20	financing	financing	NN
29364	981	21	is	be	VBZ
29364	981	22	done	do	VBN
29364	981	23	it	-PRON-	PRP
29364	981	24	is	be	VBZ
29364	981	25	bound	bind	VBN
29364	981	26	to	to	TO
29364	981	27	involve	involve	VB
29364	981	28	foreign	foreign	JJ
29364	981	29	exchange	exchange	NN
29364	981	30	operations	operation	NNS
29364	981	31	and	and	CC
29364	981	32	to	to	TO
29364	981	33	necessitate	necessitate	VB
29364	981	34	the	the	DT
29364	981	35	drawing	drawing	NN
29364	981	36	of	of	IN
29364	981	37	drafts	draft	NNS
29364	981	38	by	by	IN
29364	981	39	banking	bank	VBG
29364	981	40	houses	house	NNS
29364	981	41	in	in	IN
29364	981	42	this	this	DT
29364	981	43	country	country	NN
29364	981	44	on	on	IN
29364	981	45	their	-PRON-	PRP$
29364	981	46	correspondents	correspondent	NNS
29364	981	47	abroad	abroad	RB
29364	981	48	.	.	.
29364	982	1	Quiet	quiet	JJ
29364	982	2	conditions	condition	NNS
29364	982	3	may	may	MD
29364	982	4	result	result	VB
29364	982	5	in	in	IN
29364	982	6	long	long	JJ
29364	982	7	periods	period	NNS
29364	982	8	when	when	WRB
29364	982	9	investments	investment	NNS
29364	982	10	of	of	IN
29364	982	11	this	this	DT
29364	982	12	kind	kind	NN
29364	982	13	are	be	VBP
29364	982	14	left	leave	VBN
29364	982	15	undisturbed	undisturbed	JJ
29364	982	16	,	,	,
29364	982	17	but	but	CC
29364	982	18	even	even	RB
29364	982	19	then	then	RB
29364	982	20	,	,	,
29364	982	21	the	the	DT
29364	982	22	constant	constant	JJ
29364	982	23	remitting	remit	VBG
29364	982	24	and	and	CC
29364	982	25	renewing	renewing	NN
29364	982	26	of	of	IN
29364	982	27	drafts	draft	NNS
29364	982	28	originates	originate	VBZ
29364	982	29	a	a	DT
29364	982	30	good	good	JJ
29364	982	31	deal	deal	NN
29364	982	32	of	of	IN
29364	982	33	exchange	exchange	NN
29364	982	34	market	market	NN
29364	982	35	activity	activity	NN
29364	982	36	.	.	.
29364	983	1	And	and	CC
29364	983	2	with	with	IN
29364	983	3	considerable	considerable	JJ
29364	983	4	frequency	frequency	NN
29364	983	5	occur	occur	VBP
29364	983	6	periods	period	NNS
29364	983	7	when	when	WRB
29364	983	8	the	the	DT
29364	983	9	floating	float	VBG
29364	983	10	investment	investment	NN
29364	983	11	is	be	VBZ
29364	983	12	strongly	strongly	RB
29364	983	13	affected	affect	VBN
29364	983	14	by	by	IN
29364	983	15	immediate	immediate	JJ
29364	983	16	conditions	condition	NNS
29364	983	17	,	,	,
29364	983	18	and	and	CC
29364	983	19	when	when	WRB
29364	983	20	purchases	purchase	NNS
29364	983	21	,	,	,
29364	983	22	sales	sale	NNS
29364	983	23	,	,	,
29364	983	24	and	and	CC
29364	983	25	transfers	transfer	NNS
29364	983	26	of	of	IN
29364	983	27	securities	security	NNS
29364	983	28	stir	stir	VBP
29364	983	29	the	the	DT
29364	983	30	exchange	exchange	NN
29364	983	31	market	market	NN
29364	983	32	to	to	IN
29364	983	33	a	a	DT
29364	983	34	high	high	JJ
29364	983	35	pitch	pitch	NN
29364	983	36	of	of	IN
29364	983	37	excitement	excitement	NN
29364	983	38	.	.	.
29364	984	1	Speculative	speculative	JJ
29364	984	2	operations	operation	NNS
29364	984	3	in	in	IN
29364	984	4	this	this	DT
29364	984	5	market	market	NN
29364	984	6	for	for	IN
29364	984	7	foreign	foreign	JJ
29364	984	8	account	account	NN
29364	984	9	,	,	,
29364	984	10	are	be	VBP
29364	984	11	,	,	,
29364	984	12	however	however	RB
29364	984	13	,	,	,
29364	984	14	the	the	DT
29364	984	15	cause	cause	NN
29364	984	16	of	of	IN
29364	984	17	the	the	DT
29364	984	18	greatest	great	JJS
29364	984	19	amount	amount	NN
29364	984	20	of	of	IN
29364	984	21	exchange	exchange	NN
29364	984	22	market	market	NN
29364	984	23	activity	activity	NN
29364	984	24	caused	cause	VBN
29364	984	25	by	by	IN
29364	984	26	international	international	JJ
29364	984	27	security	security	NN
29364	984	28	transactions	transaction	NNS
29364	984	29	.	.	.
29364	985	1	There	there	EX
29364	985	2	are	be	VBP
29364	985	3	times	time	NNS
29364	985	4	,	,	,
29364	985	5	as	as	IN
29364	985	6	has	have	VBZ
29364	985	7	been	be	VBN
29364	985	8	said	say	VBN
29364	985	9	,	,	,
29364	985	10	when	when	WRB
29364	985	11	individuals	individual	NNS
29364	985	12	and	and	CC
29364	985	13	banking	banking	NN
29364	985	14	houses	house	NNS
29364	985	15	abroad	abroad	RB
29364	985	16	speculate	speculate	VBP
29364	985	17	heavily	heavily	RB
29364	985	18	and	and	CC
29364	985	19	continuously	continuously	RB
29364	985	20	in	in	IN
29364	985	21	this	this	DT
29364	985	22	market	market	NN
29364	985	23	,	,	,
29364	985	24	at	at	IN
29364	985	25	which	which	WDT
29364	985	26	times	time	NNS
29364	985	27	the	the	DT
29364	985	28	exchange	exchange	NN
29364	985	29	market	market	NN
29364	985	30	is	be	VBZ
29364	985	31	strongly	strongly	RB
29364	985	32	affected	affect	VBN
29364	985	33	by	by	IN
29364	985	34	the	the	DT
29364	985	35	buying	buying	NN
29364	985	36	and	and	CC
29364	985	37	selling	selling	NN
29364	985	38	of	of	IN
29364	985	39	exchange	exchange	NN
29364	985	40	which	which	WDT
29364	985	41	necessarily	necessarily	RB
29364	985	42	takes	take	VBZ
29364	985	43	place	place	NN
29364	985	44	.	.	.
29364	986	1	Such	such	JJ
29364	986	2	periods	period	NNS
29364	986	3	may	may	MD
29364	986	4	last	last	VB
29364	986	5	for	for	IN
29364	986	6	weeks	week	NNS
29364	986	7	or	or	CC
29364	986	8	even	even	RB
29364	986	9	months	month	NNS
29364	986	10	,	,	,
29364	986	11	and	and	CC
29364	986	12	during	during	IN
29364	986	13	all	all	DT
29364	986	14	of	of	IN
29364	986	15	the	the	DT
29364	986	16	time	time	NN
29364	986	17	,	,	,
29364	986	18	London	London	NNP
29364	986	19	's	's	POS
29364	986	20	immediate	immediate	JJ
29364	986	21	attitude	attitude	NN
29364	986	22	toward	toward	IN
29364	986	23	the	the	DT
29364	986	24	market	market	NN
29364	986	25	is	be	VBZ
29364	986	26	apt	apt	JJ
29364	986	27	to	to	TO
29364	986	28	be	be	VB
29364	986	29	the	the	DT
29364	986	30	controlling	controlling	JJ
29364	986	31	influence	influence	NN
29364	986	32	on	on	IN
29364	986	33	the	the	DT
29364	986	34	movement	movement	NN
29364	986	35	of	of	IN
29364	986	36	exchange	exchange	NN
29364	986	37	rates	rate	NNS
29364	986	38	.	.	.
29364	987	1	Concerning	concern	VBG
29364	987	2	arbitraging	arbitrage	VBG
29364	987	3	in	in	IN
29364	987	4	stocks	stock	NNS
29364	987	5	,	,	,
29364	987	6	operations	operation	NNS
29364	987	7	of	of	IN
29364	987	8	this	this	DT
29364	987	9	kind	kind	NN
29364	987	10	will	will	MD
29364	987	11	be	be	VB
29364	987	12	found	find	VBN
29364	987	13	to	to	TO
29364	987	14	divide	divide	VB
29364	987	15	themselves	-PRON-	PRP
29364	987	16	readily	readily	RB
29364	987	17	into	into	IN
29364	987	18	two	two	CD
29364	987	19	classes	class	NNS
29364	987	20	--	--	:
29364	987	21	trades	trade	NNS
29364	987	22	which	which	WDT
29364	987	23	are	be	VBP
29364	987	24	closed	close	VBN
29364	987	25	off	off	RP
29364	987	26	at	at	IN
29364	987	27	both	both	DT
29364	987	28	ends	end	VBZ
29364	987	29	at	at	IN
29364	987	30	once	once	RB
29364	987	31	,	,	,
29364	987	32	and	and	CC
29364	987	33	trades	trade	NNS
29364	987	34	which	which	WDT
29364	987	35	are	be	VBP
29364	987	36	allowed	allow	VBN
29364	987	37	to	to	TO
29364	987	38	run	run	VB
29364	987	39	over	over	IN
29364	987	40	night	night	NN
29364	987	41	or	or	CC
29364	987	42	even	even	RB
29364	987	43	for	for	IN
29364	987	44	a	a	DT
29364	987	45	day	day	NN
29364	987	46	or	or	CC
29364	987	47	two	two	CD
29364	987	48	.	.	.
29364	988	1	The	the	DT
29364	988	2	former	former	JJ
29364	988	3	is	be	VBZ
29364	988	4	a	a	DT
29364	988	5	class	class	NN
29364	988	6	of	of	IN
29364	988	7	business	business	NN
29364	988	8	out	out	IN
29364	988	9	of	of	IN
29364	988	10	which	which	WDT
29364	988	11	a	a	DT
29364	988	12	dozen	dozen	NN
29364	988	13	or	or	CC
29364	988	14	twenty	twenty	CD
29364	988	15	well	well	RB
29364	988	16	-	-	HYPH
29364	988	17	equipped	equip	VBN
29364	988	18	houses	house	NNS
29364	988	19	in	in	IN
29364	988	20	New	New	NNP
29364	988	21	York	York	NNP
29364	988	22	are	be	VBP
29364	988	23	making	make	VBG
29364	988	24	a	a	DT
29364	988	25	great	great	JJ
29364	988	26	deal	deal	NN
29364	988	27	of	of	IN
29364	988	28	money	money	NN
29364	988	29	.	.	.
29364	989	1	With	with	IN
29364	989	2	an	an	DT
29364	989	3	expert	expert	NN
29364	989	4	"	"	''
29364	989	5	at	at	IN
29364	989	6	the	the	DT
29364	989	7	rail	rail	NN
29364	989	8	"	"	''
29364	989	9	on	on	IN
29364	989	10	the	the	DT
29364	989	11	floor	floor	NN
29364	989	12	of	of	IN
29364	989	13	the	the	DT
29364	989	14	New	New	NNP
29364	989	15	York	York	NNP
29364	989	16	Stock	Stock	NNP
29364	989	17	Exchange	Exchange	NNP
29364	989	18	,	,	,
29364	989	19	and	and	CC
29364	989	20	continuous	continuous	JJ
29364	989	21	quotations	quotation	NNS
29364	989	22	as	as	IN
29364	989	23	to	to	IN
29364	989	24	prices	price	NNS
29364	989	25	on	on	IN
29364	989	26	the	the	DT
29364	989	27	various	various	JJ
29364	989	28	stock	stock	NN
29364	989	29	exchanges	exchange	NNS
29364	989	30	in	in	IN
29364	989	31	Europe	Europe	NNP
29364	989	32	coming	come	VBG
29364	989	33	in	in	RB
29364	989	34	,	,	,
29364	989	35	these	these	DT
29364	989	36	houses	house	NNS
29364	989	37	are	be	VBP
29364	989	38	in	in	IN
29364	989	39	a	a	DT
29364	989	40	position	position	NN
29364	989	41	to	to	TO
29364	989	42	take	take	VB
29364	989	43	advantage	advantage	NN
29364	989	44	of	of	IN
29364	989	45	the	the	DT
29364	989	46	slightest	slight	JJS
29364	989	47	disparity	disparity	NN
29364	989	48	in	in	IN
29364	989	49	prices	price	NNS
29364	989	50	.	.	.
29364	990	1	The	the	DT
29364	990	2	chance	chance	NN
29364	990	3	to	to	TO
29364	990	4	buy	buy	VB
29364	990	5	a	a	DT
29364	990	6	hundred	hundred	CD
29364	990	7	shares	share	NNS
29364	990	8	of	of	IN
29364	990	9	some	some	DT
29364	990	10	stock	stock	NN
29364	990	11	,	,	,
29364	990	12	in	in	IN
29364	990	13	London	London	NNP
29364	990	14	,	,	,
29364	990	15	for	for	IN
29364	990	16	instance	instance	NN
29364	990	17	,	,	,
29364	990	18	and	and	CC
29364	990	19	to	to	TO
29364	990	20	sell	sell	VB
29364	990	21	it	-PRON-	PRP
29364	990	22	out	out	RP
29364	990	23	at	at	IN
29364	990	24	the	the	DT
29364	990	25	same	same	JJ
29364	990	26	time	time	NN
29364	990	27	in	in	IN
29364	990	28	New	New	NNP
29364	990	29	York	York	NNP
29364	990	30	,	,	,
29364	990	31	at	at	IN
29364	990	32	one	one	CD
29364	990	33	-	-	HYPH
29364	990	34	eighth	eighth	CD
29364	990	35	or	or	CC
29364	990	36	one	one	CD
29364	990	37	-	-	HYPH
29364	990	38	quarter	quarter	NN
29364	990	39	more	more	JJR
29364	990	40	,	,	,
29364	990	41	is	be	VBZ
29364	990	42	what	what	WP
29364	990	43	the	the	DT
29364	990	44	arbitrageurs	arbitrageur	NNS
29364	990	45	are	be	VBP
29364	990	46	constantly	constantly	RB
29364	990	47	on	on	IN
29364	990	48	the	the	DT
29364	990	49	lookout	lookout	NN
29364	990	50	for	for	IN
29364	990	51	.	.	.
29364	991	1	With	with	IN
29364	991	2	the	the	DT
29364	991	3	proper	proper	JJ
29364	991	4	facilities	facility	NNS
29364	991	5	,	,	,
29364	991	6	an	an	DT
29364	991	7	expert	expert	NN
29364	991	8	,	,	,
29364	991	9	in	in	IN
29364	991	10	the	the	DT
29364	991	11	course	course	NN
29364	991	12	of	of	IN
29364	991	13	the	the	DT
29364	991	14	hour	hour	NN
29364	991	15	during	during	IN
29364	991	16	which	which	WDT
29364	991	17	the	the	DT
29364	991	18	London	London	NNP
29364	991	19	and	and	CC
29364	991	20	New	New	NNP
29364	991	21	York	York	NNP
29364	991	22	Stock	Stock	NNP
29364	991	23	Exchanges	exchange	NNS
29364	991	24	are	be	VBP
29364	991	25	simultaneously	simultaneously	RB
29364	991	26	in	in	IN
29364	991	27	session	session	NN
29364	991	28	,	,	,
29364	991	29	is	be	VBZ
29364	991	30	often	often	RB
29364	991	31	able	able	JJ
29364	991	32	to	to	TO
29364	991	33	put	put	VB
29364	991	34	through	through	RP
29364	991	35	a	a	DT
29364	991	36	number	number	NN
29364	991	37	of	of	IN
29364	991	38	profitable	profitable	JJ
29364	991	39	trades	trade	NNS
29364	991	40	.	.	.
29364	992	1	Such	such	JJ
29364	992	2	operations	operation	NNS
29364	992	3	are	be	VBP
29364	992	4	possible	possible	JJ
29364	992	5	,	,	,
29364	992	6	primarily	primarily	RB
29364	992	7	,	,	,
29364	992	8	because	because	IN
29364	992	9	of	of	IN
29364	992	10	the	the	DT
29364	992	11	fact	fact	NN
29364	992	12	that	that	IN
29364	992	13	the	the	DT
29364	992	14	same	same	JJ
29364	992	15	influences	influence	NNS
29364	992	16	affect	affect	VBP
29364	992	17	different	different	JJ
29364	992	18	markets	market	NNS
29364	992	19	in	in	IN
29364	992	20	different	different	JJ
29364	992	21	ways	way	NNS
29364	992	22	.	.	.
29364	993	1	A	a	DT
29364	993	2	piece	piece	NN
29364	993	3	of	of	IN
29364	993	4	news	news	NN
29364	993	5	which	which	WDT
29364	993	6	might	may	MD
29364	993	7	cause	cause	VB
29364	993	8	a	a	DT
29364	993	9	little	little	JJ
29364	993	10	selling	selling	NN
29364	993	11	of	of	IN
29364	993	12	some	some	DT
29364	993	13	stock	stock	NN
29364	993	14	in	in	IN
29364	993	15	London	London	NNP
29364	993	16	,	,	,
29364	993	17	for	for	IN
29364	993	18	instance	instance	NN
29364	993	19	,	,	,
29364	993	20	might	may	MD
29364	993	21	have	have	VB
29364	993	22	exactly	exactly	RB
29364	993	23	the	the	DT
29364	993	24	opposite	opposite	JJ
29364	993	25	effect	effect	NN
29364	993	26	in	in	IN
29364	993	27	New	New	NNP
29364	993	28	York	York	NNP
29364	993	29	.	.	.
29364	994	1	With	with	IN
29364	994	2	the	the	DT
29364	994	3	wires	wire	NNS
29364	994	4	continually	continually	RB
29364	994	5	hot	hot	JJ
29364	994	6	between	between	IN
29364	994	7	the	the	DT
29364	994	8	two	two	CD
29364	994	9	markets	market	NNS
29364	994	10	and	and	CC
29364	994	11	a	a	DT
29364	994	12	number	number	NN
29364	994	13	of	of	IN
29364	994	14	experts	expert	NNS
29364	994	15	on	on	IN
29364	994	16	the	the	DT
29364	994	17	watch	watch	NN
29364	994	18	for	for	IN
29364	994	19	the	the	DT
29364	994	20	chance	chance	NN
29364	994	21	to	to	TO
29364	994	22	make	make	VB
29364	994	23	a	a	DT
29364	994	24	fraction	fraction	NN
29364	994	25	,	,	,
29364	994	26	quotations	quotation	NNS
29364	994	27	here	here	RB
29364	994	28	and	and	CC
29364	994	29	abroad	abroad	RB
29364	994	30	can	can	MD
29364	994	31	hardly	hardly	RB
29364	994	32	get	get	VB
29364	994	33	very	very	RB
29364	994	34	far	far	RB
29364	994	35	apart	apart	RB
29364	994	36	,	,	,
29364	994	37	at	at	IN
29364	994	38	least	least	JJS
29364	994	39	in	in	IN
29364	994	40	the	the	DT
29364	994	41	active	active	JJ
29364	994	42	issues	issue	NNS
29364	994	43	,	,	,
29364	994	44	but	but	CC
29364	994	45	occasionally	occasionally	RB
29364	994	46	,	,	,
29364	994	47	it	-PRON-	PRP
29364	994	48	does	do	VBZ
29364	994	49	happen	happen	VB
29364	994	50	that	that	IN
29364	994	51	the	the	DT
29364	994	52	arbitrageur	arbitrageur	NN
29364	994	53	is	be	VBZ
29364	994	54	able	able	JJ
29364	994	55	to	to	TO
29364	994	56	take	take	VB
29364	994	57	advantage	advantage	NN
29364	994	58	of	of	IN
29364	994	59	a	a	DT
29364	994	60	substantial	substantial	JJ
29364	994	61	difference	difference	NN
29364	994	62	.	.	.
29364	995	1	Always	always	RB
29364	995	2	without	without	IN
29364	995	3	risk	risk	NN
29364	995	4	,	,	,
29364	995	5	the	the	DT
29364	995	6	bid	bid	NN
29364	995	7	in	in	IN
29364	995	8	one	one	CD
29364	995	9	market	market	NN
29364	995	10	being	be	VBG
29364	995	11	in	in	IN
29364	995	12	hand	hand	NN
29364	995	13	before	before	IN
29364	995	14	the	the	DT
29364	995	15	stock	stock	NN
29364	995	16	is	be	VBZ
29364	995	17	bought	buy	VBN
29364	995	18	in	in	IN
29364	995	19	the	the	DT
29364	995	20	other	other	JJ
29364	995	21	market	market	NN
29364	995	22	.	.	.
29364	996	1	But	but	CC
29364	996	2	not	not	RB
29364	996	3	so	so	RB
29364	996	4	in	in	IN
29364	996	5	the	the	DT
29364	996	6	case	case	NN
29364	996	7	of	of	IN
29364	996	8	the	the	DT
29364	996	9	other	other	JJ
29364	996	10	kind	kind	NN
29364	996	11	of	of	IN
29364	996	12	arbitrage	arbitrage	NN
29364	996	13	,	,	,
29364	996	14	where	where	WRB
29364	996	15	stocks	stock	NNS
29364	996	16	bought	buy	VBN
29364	996	17	in	in	IN
29364	996	18	one	one	CD
29364	996	19	market	market	NN
29364	996	20	are	be	VBP
29364	996	21	carried	carry	VBN
29364	996	22	over	over	IN
29364	996	23	night	night	NN
29364	996	24	for	for	IN
29364	996	25	the	the	DT
29364	996	26	sake	sake	NN
29364	996	27	of	of	IN
29364	996	28	selling	sell	VBG
29364	996	29	them	-PRON-	PRP
29364	996	30	out	out	RP
29364	996	31	in	in	IN
29364	996	32	some	some	DT
29364	996	33	other	other	JJ
29364	996	34	market	market	NN
29364	996	35	the	the	DT
29364	996	36	next	next	JJ
29364	996	37	morning	morning	NN
29364	996	38	.	.	.
29364	997	1	There	there	EX
29364	997	2	a	a	DT
29364	997	3	decided	decide	VBN
29364	997	4	risk	risk	NN
29364	997	5	is	be	VBZ
29364	997	6	taken	take	VBN
29364	997	7	,	,	,
29364	997	8	the	the	DT
29364	997	9	success	success	NN
29364	997	10	of	of	IN
29364	997	11	the	the	DT
29364	997	12	operation	operation	NN
29364	997	13	depending	depend	VBG
29364	997	14	absolutely	absolutely	RB
29364	997	15	upon	upon	IN
29364	997	16	the	the	DT
29364	997	17	judgment	judgment	NN
29364	997	18	of	of	IN
29364	997	19	the	the	DT
29364	997	20	operator	operator	NN
29364	997	21	.	.	.
29364	998	1	Under	under	IN
29364	998	2	the	the	DT
29364	998	3	stimulus	stimulus	NN
29364	998	4	of	of	IN
29364	998	5	some	some	DT
29364	998	6	favorable	favorable	JJ
29364	998	7	development	development	NN
29364	998	8	,	,	,
29364	998	9	for	for	IN
29364	998	10	instance	instance	NN
29364	998	11	,	,	,
29364	998	12	which	which	WDT
29364	998	13	becomes	become	VBZ
29364	998	14	known	know	VBN
29364	998	15	here	here	RB
29364	998	16	only	only	RB
29364	998	17	after	after	IN
29364	998	18	the	the	DT
29364	998	19	Stock	Stock	NNP
29364	998	20	Exchanges	Exchanges	NNP
29364	998	21	abroad	abroad	RB
29364	998	22	are	be	VBP
29364	998	23	closed	close	VBN
29364	998	24	for	for	IN
29364	998	25	the	the	DT
29364	998	26	day	day	NN
29364	998	27	,	,	,
29364	998	28	the	the	DT
29364	998	29	New	New	NNP
29364	998	30	York	York	NNP
29364	998	31	market	market	NN
29364	998	32	closes	close	VBZ
29364	998	33	buoyant	buoyant	JJ
29364	998	34	.	.	.
29364	999	1	The	the	DT
29364	999	2	chances	chance	NNS
29364	999	3	are	be	VBP
29364	999	4	that	that	IN
29364	999	5	the	the	DT
29364	999	6	receipt	receipt	NN
29364	999	7	of	of	IN
29364	999	8	the	the	DT
29364	999	9	news	news	NN
29364	999	10	abroad	abroad	RB
29364	999	11	over	over	IN
29364	999	12	night	night	NN
29364	999	13	will	will	MD
29364	999	14	make	make	VB
29364	999	15	the	the	DT
29364	999	16	London	London	NNP
29364	999	17	market	market	NN
29364	999	18	open	open	VB
29364	999	19	up	up	RP
29364	999	20	strong	strong	JJ
29364	999	21	in	in	IN
29364	999	22	the	the	DT
29364	999	23	morning	morning	NN
29364	999	24	.	.	.
29364	1000	1	To	to	TO
29364	1000	2	buy	buy	VB
29364	1000	3	stock	stock	NN
29364	1000	4	right	right	RB
29364	1000	5	at	at	IN
29364	1000	6	the	the	DT
29364	1000	7	closing	closing	NN
29364	1000	8	of	of	IN
29364	1000	9	the	the	DT
29364	1000	10	market	market	NN
29364	1000	11	here	here	RB
29364	1000	12	for	for	IN
29364	1000	13	the	the	DT
29364	1000	14	purpose	purpose	NN
29364	1000	15	of	of	IN
29364	1000	16	selling	sell	VBG
29364	1000	17	it	-PRON-	PRP
29364	1000	18	out	out	RP
29364	1000	19	next	next	JJ
29364	1000	20	morning	morning	NN
29364	1000	21	in	in	IN
29364	1000	22	London	London	NNP
29364	1000	23	at	at	IN
29364	1000	24	the	the	DT
29364	1000	25	opening	opening	NN
29364	1000	26	is	be	VBZ
29364	1000	27	an	an	DT
29364	1000	28	operation	operation	NN
29364	1000	29	not	not	RB
29364	1000	30	without	without	IN
29364	1000	31	risk	risk	NN
29364	1000	32	,	,	,
29364	1000	33	but	but	CC
29364	1000	34	one	one	CD
29364	1000	35	which	which	WDT
29364	1000	36	is	be	VBZ
29364	1000	37	likely	likely	JJ
29364	1000	38	to	to	TO
29364	1000	39	make	make	VB
29364	1000	40	money	money	NN
29364	1000	41	.	.	.
29364	1001	1	A	a	DT
29364	1001	2	lower	low	JJR
29364	1001	3	opening	opening	NN
29364	1001	4	abroad	abroad	RB
29364	1001	5	would	would	MD
29364	1001	6	,	,	,
29364	1001	7	of	of	IN
29364	1001	8	course	course	NN
29364	1001	9	,	,	,
29364	1001	10	spoil	spoil	VB
29364	1001	11	the	the	DT
29364	1001	12	whole	whole	JJ
29364	1001	13	plan	plan	NN
29364	1001	14	,	,	,
29364	1001	15	and	and	CC
29364	1001	16	force	force	VB
29364	1001	17	a	a	DT
29364	1001	18	loss	loss	NN
29364	1001	19	,	,	,
29364	1001	20	but	but	CC
29364	1001	21	just	just	RB
29364	1001	22	there	there	EX
29364	1001	23	comes	come	VBZ
29364	1001	24	in	in	IN
29364	1001	25	the	the	DT
29364	1001	26	ability	ability	NN
29364	1001	27	and	and	CC
29364	1001	28	judgment	judgment	NN
29364	1001	29	of	of	IN
29364	1001	30	the	the	DT
29364	1001	31	man	man	NN
29364	1001	32	who	who	WP
29364	1001	33	is	be	VBZ
29364	1001	34	handling	handle	VBG
29364	1001	35	the	the	DT
29364	1001	36	business	business	NN
29364	1001	37	.	.	.
29364	1002	1	His	-PRON-	PRP$
29364	1002	2	judgment	judgment	NN
29364	1002	3	need	need	VBP
29364	1002	4	by	by	IN
29364	1002	5	no	no	DT
29364	1002	6	means	means	NN
29364	1002	7	be	be	VB
29364	1002	8	infallible	infallible	JJ
29364	1002	9	for	for	IN
29364	1002	10	the	the	DT
29364	1002	11	house	house	NN
29364	1002	12	to	to	TO
29364	1002	13	make	make	VB
29364	1002	14	a	a	DT
29364	1002	15	great	great	JJ
29364	1002	16	deal	deal	NN
29364	1002	17	of	of	IN
29364	1002	18	money	money	NN
29364	1002	19	.	.	.
29364	1003	1	Concerning	concern	VBG
29364	1003	2	arbitraging	arbitrage	VBG
29364	1003	3	in	in	IN
29364	1003	4	bonds	bond	NNS
29364	1003	5	,	,	,
29364	1003	6	practically	practically	RB
29364	1003	7	everything	everything	NN
29364	1003	8	depends	depend	VBZ
29364	1003	9	not	not	RB
29364	1003	10	only	only	RB
29364	1003	11	on	on	IN
29364	1003	12	the	the	DT
29364	1003	13	judgment	judgment	NN
29364	1003	14	and	and	CC
29364	1003	15	skill	skill	NN
29364	1003	16	,	,	,
29364	1003	17	but	but	CC
29364	1003	18	on	on	IN
29364	1003	19	the	the	DT
29364	1003	20	facilities	facility	NNS
29364	1003	21	and	and	CC
29364	1003	22	connections	connection	NNS
29364	1003	23	of	of	IN
29364	1003	24	the	the	DT
29364	1003	25	man	man	NN
29364	1003	26	in	in	IN
29364	1003	27	charge	charge	NN
29364	1003	28	.	.	.
29364	1004	1	In	in	IN
29364	1004	2	the	the	DT
29364	1004	3	great	great	JJ
29364	1004	4	"	"	``
29364	1004	5	open	open	JJ
29364	1004	6	"	"	''
29364	1004	7	market	market	NN
29364	1004	8	in	in	IN
29364	1004	9	New	New	NNP
29364	1004	10	York	York	NNP
29364	1004	11	and	and	CC
29364	1004	12	in	in	IN
29364	1004	13	the	the	DT
29364	1004	14	great	great	JJ
29364	1004	15	"	"	``
29364	1004	16	open	open	JJ
29364	1004	17	"	"	''
29364	1004	18	market	market	NN
29364	1004	19	in	in	IN
29364	1004	20	London	London	NNP
29364	1004	21	,	,	,
29364	1004	22	American	american	JJ
29364	1004	23	bonds	bond	NNS
29364	1004	24	are	be	VBP
29364	1004	25	being	be	VBG
29364	1004	26	continually	continually	RB
29364	1004	27	bid	bid	VBN
29364	1004	28	for	for	IN
29364	1004	29	and	and	CC
29364	1004	30	offered	offer	VBN
29364	1004	31	in	in	IN
29364	1004	32	a	a	DT
29364	1004	33	way	way	NN
29364	1004	34	which	which	WDT
29364	1004	35	gives	give	VBZ
29364	1004	36	an	an	DT
29364	1004	37	expert	expert	NN
29364	1004	38	in	in	IN
29364	1004	39	touch	touch	NN
29364	1004	40	with	with	IN
29364	1004	41	both	both	DT
29364	1004	42	markets	market	NNS
29364	1004	43	a	a	DT
29364	1004	44	chance	chance	NN
29364	1004	45	to	to	TO
29364	1004	46	buy	buy	VB
29364	1004	47	here	here	RB
29364	1004	48	and	and	CC
29364	1004	49	sell	sell	VB
29364	1004	50	there	there	RB
29364	1004	51	,	,	,
29364	1004	52	or	or	CC
29364	1004	53	vice	vice	NN
29364	1004	54	versa	versa	RB
29364	1004	55	,	,	,
29364	1004	56	at	at	IN
29364	1004	57	a	a	DT
29364	1004	58	profit	profit	NN
29364	1004	59	.	.	.
29364	1005	1	Such	such	JJ
29364	1005	2	men	man	NNS
29364	1005	3	are	be	VBP
29364	1005	4	employed	employ	VBN
29364	1005	5	by	by	IN
29364	1005	6	bond	bond	NN
29364	1005	7	houses	house	NNS
29364	1005	8	with	with	IN
29364	1005	9	international	international	JJ
29364	1005	10	connections	connection	NNS
29364	1005	11	,	,	,
29364	1005	12	and	and	CC
29364	1005	13	spend	spend	VB
29364	1005	14	their	-PRON-	PRP$
29364	1005	15	time	time	NN
29364	1005	16	doing	do	VBG
29364	1005	17	practically	practically	RB
29364	1005	18	nothing	nothing	NN
29364	1005	19	else	else	RB
29364	1005	20	but	but	CC
29364	1005	21	keeping	keep	VBG
29364	1005	22	in	in	IN
29364	1005	23	close	close	JJ
29364	1005	24	touch	touch	NN
29364	1005	25	with	with	IN
29364	1005	26	open	open	JJ
29364	1005	27	market	market	NN
29364	1005	28	bids	bid	NNS
29364	1005	29	and	and	CC
29364	1005	30	offers	offer	VBZ
29364	1005	31	for	for	IN
29364	1005	32	stocks	stock	NNS
29364	1005	33	and	and	CC
29364	1005	34	bonds	bond	NNS
29364	1005	35	and	and	CC
29364	1005	36	trying	try	VBG
29364	1005	37	to	to	TO
29364	1005	38	buy	buy	VB
29364	1005	39	in	in	RP
29364	1005	40	one	one	CD
29364	1005	41	market	market	NN
29364	1005	42	and	and	CC
29364	1005	43	sell	sell	VB
29364	1005	44	in	in	IN
29364	1005	45	another	another	DT
29364	1005	46	.	.	.
29364	1006	1	Such	such	JJ
29364	1006	2	trades	trade	NNS
29364	1006	3	are	be	VBP
29364	1006	4	frequently	frequently	RB
29364	1006	5	put	put	VBN
29364	1006	6	through	through	RP
29364	1006	7	on	on	IN
29364	1006	8	a	a	DT
29364	1006	9	very	very	RB
29364	1006	10	profitable	profitable	JJ
29364	1006	11	basis	basis	NN
29364	1006	12	,	,	,
29364	1006	13	profits	profit	NNS
29364	1006	14	of	of	IN
29364	1006	15	a	a	DT
29364	1006	16	clear	clear	JJ
29364	1006	17	point	point	NN
29364	1006	18	or	or	CC
29364	1006	19	more	more	JJR
29364	1006	20	being	be	VBG
29364	1006	21	not	not	RB
29364	1006	22	at	at	RB
29364	1006	23	all	all	RB
29364	1006	24	uncommon	uncommon	JJ
29364	1006	25	.	.	.
29364	1007	1	As	as	IN
29364	1007	2	for	for	IN
29364	1007	3	the	the	DT
29364	1007	4	degree	degree	NN
29364	1007	5	of	of	IN
29364	1007	6	risk	risk	NN
29364	1007	7	to	to	TO
29364	1007	8	be	be	VB
29364	1007	9	taken	take	VBN
29364	1007	10	in	in	IN
29364	1007	11	business	business	NN
29364	1007	12	of	of	IN
29364	1007	13	this	this	DT
29364	1007	14	kind	kind	NN
29364	1007	15	,	,	,
29364	1007	16	that	that	WDT
29364	1007	17	is	be	VBZ
29364	1007	18	entirely	entirely	RB
29364	1007	19	at	at	IN
29364	1007	20	the	the	DT
29364	1007	21	discretion	discretion	NN
29364	1007	22	of	of	IN
29364	1007	23	the	the	DT
29364	1007	24	arbitrageur	arbitrageur	NN
29364	1007	25	.	.	.
29364	1008	1	Where	where	WRB
29364	1008	2	a	a	DT
29364	1008	3	firm	firm	JJ
29364	1008	4	bid	bid	NN
29364	1008	5	of	of	IN
29364	1008	6	ninety	ninety	CD
29364	1008	7	-	-	HYPH
29364	1008	8	nine	nine	CD
29364	1008	9	,	,	,
29364	1008	10	good	good	JJ
29364	1008	11	for	for	IN
29364	1008	12	the	the	DT
29364	1008	13	day	day	NN
29364	1008	14	,	,	,
29364	1008	15	for	for	IN
29364	1008	16	instance	instance	NN
29364	1008	17	,	,	,
29364	1008	18	is	be	VBZ
29364	1008	19	given	give	VBN
29364	1008	20	,	,	,
29364	1008	21	there	there	EX
29364	1008	22	is	be	VBZ
29364	1008	23	no	no	DT
29364	1008	24	risk	risk	NN
29364	1008	25	in	in	IN
29364	1008	26	cabling	cable	VBG
29364	1008	27	a	a	DT
29364	1008	28	bid	bid	NN
29364	1008	29	of	of	IN
29364	1008	30	ninety	ninety	CD
29364	1008	31	-	-	HYPH
29364	1008	32	eight	eight	CD
29364	1008	33	to	to	IN
29364	1008	34	London	London	NNP
29364	1008	35	,	,	,
29364	1008	36	but	but	CC
29364	1008	37	where	where	WRB
29364	1008	38	the	the	DT
29364	1008	39	bid	bid	NN
29364	1008	40	is	be	VBZ
29364	1008	41	not	not	RB
29364	1008	42	firm	firm	JJ
29364	1008	43	at	at	RB
29364	1008	44	all	all	RB
29364	1008	45	,	,	,
29364	1008	46	or	or	CC
29364	1008	47	where	where	WRB
29364	1008	48	it	-PRON-	PRP
29364	1008	49	is	be	VBZ
29364	1008	50	only	only	RB
29364	1008	51	firm	firm	JJ
29364	1008	52	for	for	IN
29364	1008	53	five	five	CD
29364	1008	54	minutes	minute	NNS
29364	1008	55	,	,	,
29364	1008	56	or	or	CC
29364	1008	57	in	in	IN
29364	1008	58	many	many	JJ
29364	1008	59	other	other	JJ
29364	1008	60	cases	case	NNS
29364	1008	61	,	,	,
29364	1008	62	the	the	DT
29364	1008	63	man	man	NN
29364	1008	64	who	who	WP
29364	1008	65	cables	cable	VBZ
29364	1008	66	his	-PRON-	PRP$
29364	1008	67	own	own	JJ
29364	1008	68	bid	bid	NN
29364	1008	69	of	of	IN
29364	1008	70	ninety	ninety	CD
29364	1008	71	-	-	HYPH
29364	1008	72	eight	eight	CD
29364	1008	73	is	be	VBZ
29364	1008	74	taking	take	VBG
29364	1008	75	a	a	DT
29364	1008	76	certain	certain	JJ
29364	1008	77	amount	amount	NN
29364	1008	78	of	of	IN
29364	1008	79	risk	risk	NN
29364	1008	80	.	.	.
29364	1009	1	Often	often	RB
29364	1009	2	enough	enough	RB
29364	1009	3	he	-PRON-	PRP
29364	1009	4	gets	get	VBZ
29364	1009	5	the	the	DT
29364	1009	6	bonds	bond	NNS
29364	1009	7	in	in	IN
29364	1009	8	London	London	NNP
29364	1009	9	at	at	IN
29364	1009	10	ninety	ninety	CD
29364	1009	11	-	-	HYPH
29364	1009	12	eight	eight	CD
29364	1009	13	,	,	,
29364	1009	14	only	only	RB
29364	1009	15	to	to	TO
29364	1009	16	find	find	VB
29364	1009	17	that	that	IN
29364	1009	18	the	the	DT
29364	1009	19	ninety	ninety	CD
29364	1009	20	-	-	HYPH
29364	1009	21	nine	nine	CD
29364	1009	22	bid	bid	NN
29364	1009	23	in	in	IN
29364	1009	24	New	New	NNP
29364	1009	25	York	York	NNP
29364	1009	26	has	have	VBZ
29364	1009	27	been	be	VBN
29364	1009	28	withdrawn	withdraw	VBN
29364	1009	29	.	.	.
29364	1010	1	Knowledge	knowledge	NN
29364	1010	2	of	of	IN
29364	1010	3	what	what	WP
29364	1010	4	risks	risk	NNS
29364	1010	5	to	to	TO
29364	1010	6	take	take	VB
29364	1010	7	and	and	CC
29364	1010	8	of	of	IN
29364	1010	9	what	what	WP
29364	1010	10	risks	risk	NNS
29364	1010	11	to	to	TO
29364	1010	12	leave	leave	VB
29364	1010	13	alone	alone	JJ
29364	1010	14	constitutes	constitute	VBZ
29364	1010	15	expertness	expertness	NN
29364	1010	16	in	in	IN
29364	1010	17	this	this	DT
29364	1010	18	line	line	NN
29364	1010	19	of	of	IN
29364	1010	20	business	business	NN
29364	1010	21	.	.	.
29364	1011	1	Seldom	seldom	RB
29364	1011	2	can	can	MD
29364	1011	3	the	the	DT
29364	1011	4	transaction	transaction	NN
29364	1011	5	be	be	VB
29364	1011	6	absolutely	absolutely	RB
29364	1011	7	closed	close	VBN
29364	1011	8	at	at	IN
29364	1011	9	both	both	DT
29364	1011	10	ends	end	NNS
29364	1011	11	and	and	CC
29364	1011	12	any	any	DT
29364	1011	13	substantial	substantial	JJ
29364	1011	14	profit	profit	NN
29364	1011	15	be	be	VB
29364	1011	16	made	make	VBN
29364	1011	17	.	.	.
29364	1012	1	Most	Most	JJS
29364	1012	2	of	of	IN
29364	1012	3	the	the	DT
29364	1012	4	time	time	NN
29364	1012	5	the	the	DT
29364	1012	6	correctness	correctness	NN
29364	1012	7	of	of	IN
29364	1012	8	the	the	DT
29364	1012	9	bond	bond	NN
29364	1012	10	expert	expert	NN
29364	1012	11	's	's	POS
29364	1012	12	judgment	judgment	NN
29364	1012	13	as	as	IN
29364	1012	14	to	to	IN
29364	1012	15	how	how	WRB
29364	1012	16	he	-PRON-	PRP
29364	1012	17	can	can	MD
29364	1012	18	sell	sell	VB
29364	1012	19	somewhere	somewhere	RB
29364	1012	20	else	else	RB
29364	1012	21	what	what	WP
29364	1012	22	he	-PRON-	PRP
29364	1012	23	has	have	VBZ
29364	1012	24	bought	buy	VBN
29364	1012	25	,	,	,
29364	1012	26	is	be	VBZ
29364	1012	27	what	what	WP
29364	1012	28	determines	determine	VBZ
29364	1012	29	the	the	DT
29364	1012	30	amount	amount	NN
29364	1012	31	of	of	IN
29364	1012	32	money	money	NN
29364	1012	33	he	-PRON-	PRP
29364	1012	34	will	will	MD
29364	1012	35	make	make	VB
29364	1012	36	or	or	CC
29364	1012	37	lose	lose	VB
29364	1012	38	.	.	.
29364	1013	1	CHAPTER	CHAPTER	NNP
29364	1013	2	IX	IX	NNP
29364	1013	3	THE	the	DT
29364	1013	4	FINANCING	financing	NN
29364	1013	5	OF	of	IN
29364	1013	6	EXPORTS	EXPORTS	NNP
29364	1013	7	AND	and	CC
29364	1013	8	IMPORTS	import	NNS
29364	1013	9	Interesting	interesting	JJ
29364	1013	10	as	as	IN
29364	1013	11	the	the	DT
29364	1013	12	movement	movement	NN
29364	1013	13	of	of	IN
29364	1013	14	gold	gold	NN
29364	1013	15	and	and	CC
29364	1013	16	the	the	DT
29364	1013	17	international	international	JJ
29364	1013	18	money	money	NN
29364	1013	19	markets	market	NNS
29364	1013	20	may	may	MD
29364	1013	21	be	be	VB
29364	1013	22	,	,	,
29364	1013	23	it	-PRON-	PRP
29364	1013	24	is	be	VBZ
29364	1013	25	in	in	IN
29364	1013	26	its	-PRON-	PRP$
29364	1013	27	application	application	NN
29364	1013	28	to	to	IN
29364	1013	29	the	the	DT
29364	1013	30	every	every	DT
29364	1013	31	-	-	HYPH
29364	1013	32	day	day	NN
29364	1013	33	importing	importing	NN
29364	1013	34	and	and	CC
29364	1013	35	exporting	exporting	NN
29364	1013	36	of	of	IN
29364	1013	37	merchandise	merchandise	NN
29364	1013	38	that	that	IN
29364	1013	39	foreign	foreign	JJ
29364	1013	40	exchange	exchange	NN
29364	1013	41	has	have	VBZ
29364	1013	42	its	-PRON-	PRP$
29364	1013	43	greatest	great	JJS
29364	1013	44	interest	interest	NN
29364	1013	45	for	for	IN
29364	1013	46	the	the	DT
29364	1013	47	greatest	great	JJS
29364	1013	48	number	number	NN
29364	1013	49	of	of	IN
29364	1013	50	people	people	NNS
29364	1013	51	.	.	.
29364	1014	1	Every	every	DT
29364	1014	2	bale	bale	NN
29364	1014	3	of	of	IN
29364	1014	4	cotton	cotton	NN
29364	1014	5	exported	export	VBN
29364	1014	6	from	from	IN
29364	1014	7	the	the	DT
29364	1014	8	country	country	NN
29364	1014	9	,	,	,
29364	1014	10	every	every	DT
29364	1014	11	pound	pound	NN
29364	1014	12	of	of	IN
29364	1014	13	coffee	coffee	NN
29364	1014	14	brought	bring	VBN
29364	1014	15	in	in	RP
29364	1014	16	,	,	,
29364	1014	17	is	be	VBZ
29364	1014	18	the	the	DT
29364	1014	19	basis	basis	NN
29364	1014	20	of	of	IN
29364	1014	21	an	an	DT
29364	1014	22	operation	operation	NN
29364	1014	23	in	in	IN
29364	1014	24	foreign	foreign	JJ
29364	1014	25	exchange	exchange	NN
29364	1014	26	,	,	,
29364	1014	27	such	such	JJ
29364	1014	28	operations	operation	NNS
29364	1014	29	involving	involve	VBG
29364	1014	30	usually	usually	RB
29364	1014	31	the	the	DT
29364	1014	32	issue	issue	NN
29364	1014	33	of	of	IN
29364	1014	34	what	what	WP
29364	1014	35	is	be	VBZ
29364	1014	36	known	know	VBN
29364	1014	37	as	as	IN
29364	1014	38	"	"	``
29364	1014	39	commercial	commercial	JJ
29364	1014	40	credits	credit	NNS
29364	1014	41	.	.	.
29364	1014	42	"	"	''
29364	1015	1	Broadly	broadly	RB
29364	1015	2	speaking	speak	VBG
29364	1015	3	,	,	,
29364	1015	4	commercial	commercial	JJ
29364	1015	5	credits	credit	NNS
29364	1015	6	are	be	VBP
29364	1015	7	of	of	IN
29364	1015	8	two	two	CD
29364	1015	9	classes	class	NNS
29364	1015	10	,	,	,
29364	1015	11	those	those	DT
29364	1015	12	issued	issue	VBN
29364	1015	13	to	to	TO
29364	1015	14	facilitate	facilitate	VB
29364	1015	15	the	the	DT
29364	1015	16	import	import	NN
29364	1015	17	of	of	IN
29364	1015	18	merchandise	merchandise	NN
29364	1015	19	and	and	CC
29364	1015	20	those	those	DT
29364	1015	21	issued	issue	VBN
29364	1015	22	to	to	TO
29364	1015	23	facilitate	facilitate	VB
29364	1015	24	its	-PRON-	PRP$
29364	1015	25	export	export	NN
29364	1015	26	.	.	.
29364	1016	1	Considering	consider	VBG
29364	1016	2	the	the	DT
29364	1016	3	question	question	NN
29364	1016	4	from	from	IN
29364	1016	5	the	the	DT
29364	1016	6	standpoint	standpoint	NN
29364	1016	7	of	of	IN
29364	1016	8	New	New	NNP
29364	1016	9	York	York	NNP
29364	1016	10	,	,	,
29364	1016	11	import	import	NN
29364	1016	12	credits	credit	NNS
29364	1016	13	are	be	VBP
29364	1016	14	so	so	RB
29364	1016	15	much	much	RB
29364	1016	16	more	more	RBR
29364	1016	17	important	important	JJ
29364	1016	18	than	than	IN
29364	1016	19	export	export	NN
29364	1016	20	credits	credit	NNS
29364	1016	21	and	and	CC
29364	1016	22	issued	issue	VBN
29364	1016	23	in	in	IN
29364	1016	24	so	so	RB
29364	1016	25	much	much	RB
29364	1016	26	larger	large	JJR
29364	1016	27	volume	volume	NN
29364	1016	28	,	,	,
29364	1016	29	they	-PRON-	PRP
29364	1016	30	will	will	MD
29364	1016	31	be	be	VB
29364	1016	32	taken	take	VBN
29364	1016	33	up	up	RP
29364	1016	34	first	first	RB
29364	1016	35	.	.	.
29364	1017	1	Not	not	RB
29364	1017	2	all	all	PDT
29364	1017	3	the	the	DT
29364	1017	4	merchandise	merchandise	NN
29364	1017	5	imported	import	VBN
29364	1017	6	into	into	IN
29364	1017	7	the	the	DT
29364	1017	8	United	United	NNP
29364	1017	9	States	States	NNP
29364	1017	10	is	be	VBZ
29364	1017	11	brought	bring	VBN
29364	1017	12	in	in	RP
29364	1017	13	under	under	IN
29364	1017	14	commercial	commercial	JJ
29364	1017	15	letters	letter	NNS
29364	1017	16	of	of	IN
29364	1017	17	credit	credit	NN
29364	1017	18	,	,	,
29364	1017	19	but	but	CC
29364	1017	20	that	that	DT
29364	1017	21	is	be	VBZ
29364	1017	22	coming	come	VBG
29364	1017	23	to	to	TO
29364	1017	24	be	be	VB
29364	1017	25	more	more	RBR
29364	1017	26	and	and	CC
29364	1017	27	more	more	RBR
29364	1017	28	the	the	DT
29364	1017	29	way	way	NN
29364	1017	30	in	in	IN
29364	1017	31	which	which	WDT
29364	1017	32	payment	payment	NN
29364	1017	33	for	for	IN
29364	1017	34	imports	import	NNS
29364	1017	35	is	be	VBZ
29364	1017	36	being	be	VBG
29364	1017	37	arranged	arrange	VBN
29364	1017	38	.	.	.
29364	1018	1	Formerly	formerly	RB
29364	1018	2	an	an	DT
29364	1018	3	importer	importer	NN
29364	1018	4	who	who	WP
29364	1018	5	had	have	VBD
29364	1018	6	bought	buy	VBN
29364	1018	7	silk	silk	NN
29364	1018	8	or	or	CC
29364	1018	9	white	white	JJ
29364	1018	10	-	-	HYPH
29364	1018	11	goods	good	NNS
29364	1018	12	in	in	IN
29364	1018	13	France	France	NNP
29364	1018	14	went	go	VBD
29364	1018	15	around	around	RB
29364	1018	16	to	to	IN
29364	1018	17	his	-PRON-	PRP$
29364	1018	18	banker	banker	NN
29364	1018	19	,	,	,
29364	1018	20	bought	buy	VBD
29364	1018	21	a	a	DT
29364	1018	22	draft	draft	NN
29364	1018	23	on	on	IN
29364	1018	24	Paris	Paris	NNP
29364	1018	25	for	for	IN
29364	1018	26	the	the	DT
29364	1018	27	required	require	VBN
29364	1018	28	amount	amount	NN
29364	1018	29	of	of	IN
29364	1018	30	francs	franc	NNS
29364	1018	31	and	and	CC
29364	1018	32	sent	send	VBD
29364	1018	33	that	that	DT
29364	1018	34	over	over	RB
29364	1018	35	in	in	IN
29364	1018	36	payment	payment	NN
29364	1018	37	.	.	.
29364	1019	1	In	in	IN
29364	1019	2	some	some	DT
29364	1019	3	cases	case	NNS
29364	1019	4	that	that	WDT
29364	1019	5	is	be	VBZ
29364	1019	6	still	still	RB
29364	1019	7	the	the	DT
29364	1019	8	method	method	NN
29364	1019	9	by	by	IN
29364	1019	10	which	which	WDT
29364	1019	11	payment	payment	NN
29364	1019	12	is	be	VBZ
29364	1019	13	made	make	VBN
29364	1019	14	,	,	,
29364	1019	15	but	but	CC
29364	1019	16	in	in	IN
29364	1019	17	the	the	DT
29364	1019	18	very	very	RB
29364	1019	19	great	great	JJ
29364	1019	20	majority	majority	NN
29364	1019	21	of	of	IN
29364	1019	22	cases	case	NNS
29364	1019	23	where	where	WRB
29364	1019	24	the	the	DT
29364	1019	25	business	business	NN
29364	1019	26	is	be	VBZ
29364	1019	27	being	be	VBG
29364	1019	28	run	run	VBN
29364	1019	29	on	on	IN
29364	1019	30	an	an	DT
29364	1019	31	up	up	RB
29364	1019	32	-	-	HYPH
29364	1019	33	to	to	IN
29364	1019	34	-	-	HYPH
29364	1019	35	date	date	NN
29364	1019	36	basis	basis	NN
29364	1019	37	,	,	,
29364	1019	38	a	a	DT
29364	1019	39	commercial	commercial	JJ
29364	1019	40	letter	letter	NN
29364	1019	41	of	of	IN
29364	1019	42	credit	credit	NN
29364	1019	43	is	be	VBZ
29364	1019	44	arranged	arrange	VBN
29364	1019	45	for	for	IN
29364	1019	46	before	before	IN
29364	1019	47	the	the	DT
29364	1019	48	importation	importation	NN
29364	1019	49	is	be	VBZ
29364	1019	50	made	make	VBN
29364	1019	51	.	.	.
29364	1020	1	Of	of	IN
29364	1020	2	how	how	WRB
29364	1020	3	great	great	JJ
29364	1020	4	advantage	advantage	NN
29364	1020	5	such	such	PDT
29364	1020	6	an	an	DT
29364	1020	7	arrangement	arrangement	NN
29364	1020	8	is	be	VBZ
29364	1020	9	to	to	IN
29364	1020	10	the	the	DT
29364	1020	11	merchant	merchant	NN
29364	1020	12	importing	import	VBG
29364	1020	13	goods	good	NNS
29364	1020	14	the	the	DT
29364	1020	15	following	follow	VBG
29364	1020	16	practical	practical	JJ
29364	1020	17	illustration	illustration	NN
29364	1020	18	of	of	IN
29364	1020	19	how	how	WRB
29364	1020	20	a	a	DT
29364	1020	21	"	"	``
29364	1020	22	credit	credit	NN
29364	1020	23	"	"	''
29364	1020	24	works	work	NNS
29364	1020	25	will	will	MD
29364	1020	26	show	show	VB
29364	1020	27	.	.	.
29364	1021	1	[	[	-LRB-
29364	1021	2	Illustration	illustration	NN
29364	1021	3	:	:	:
29364	1021	4	Form	Form	NNP
29364	1021	5	of	of	IN
29364	1021	6	Commercial	Commercial	NNP
29364	1021	7	Letter	Letter	NNP
29364	1021	8	of	of	IN
29364	1021	9	Credit	Credit	NNP
29364	1021	10	]	]	-RRB-
29364	1021	11	To	to	TO
29364	1021	12	exemplify	exemplify	VB
29364	1021	13	the	the	DT
29364	1021	14	greatest	great	JJS
29364	1021	15	number	number	NN
29364	1021	16	of	of	IN
29364	1021	17	points	point	NNS
29364	1021	18	of	of	IN
29364	1021	19	importance	importance	NN
29364	1021	20	possible	possible	JJ
29364	1021	21	in	in	IN
29364	1021	22	connection	connection	NN
29364	1021	23	with	with	IN
29364	1021	24	the	the	DT
29364	1021	25	commercial	commercial	JJ
29364	1021	26	credit	credit	NN
29364	1021	27	business	business	NN
29364	1021	28	,	,	,
29364	1021	29	the	the	DT
29364	1021	30	case	case	NN
29364	1021	31	of	of	IN
29364	1021	32	a	a	DT
29364	1021	33	shipment	shipment	NN
29364	1021	34	of	of	IN
29364	1021	35	raw	raw	JJ
29364	1021	36	silk	silk	NN
29364	1021	37	from	from	IN
29364	1021	38	China	China	NNP
29364	1021	39	will	will	MD
29364	1021	40	,	,	,
29364	1021	41	perhaps	perhaps	RB
29364	1021	42	,	,	,
29364	1021	43	serve	serve	VB
29364	1021	44	best	well	RBS
29364	1021	45	.	.	.
29364	1022	1	A	a	DT
29364	1022	2	silk	silk	NN
29364	1022	3	manufacturer	manufacturer	NN
29364	1022	4	in	in	IN
29364	1022	5	Paterson	Paterson	NNP
29364	1022	6	,	,	,
29364	1022	7	New	New	NNP
29364	1022	8	Jersey	Jersey	NNP
29364	1022	9	,	,	,
29364	1022	10	we	-PRON-	PRP
29364	1022	11	will	will	MD
29364	1022	12	assume	assume	VB
29364	1022	13	,	,	,
29364	1022	14	has	have	VBZ
29364	1022	15	purchased	purchase	VBN
29364	1022	16	by	by	IN
29364	1022	17	cable	cable	NN
29364	1022	18	ten	ten	CD
29364	1022	19	bales	bale	NNS
29364	1022	20	of	of	IN
29364	1022	21	raw	raw	JJ
29364	1022	22	silk	silk	NN
29364	1022	23	in	in	IN
29364	1022	24	Canton	Canton	NNP
29364	1022	25	,	,	,
29364	1022	26	China	China	NNP
29364	1022	27	.	.	.
29364	1023	1	Understanding	understanding	NN
29364	1023	2	of	of	IN
29364	1023	3	the	the	DT
29364	1023	4	successive	successive	JJ
29364	1023	5	steps	step	NNS
29364	1023	6	in	in	IN
29364	1023	7	the	the	DT
29364	1023	8	financing	financing	NN
29364	1023	9	of	of	IN
29364	1023	10	such	such	PDT
29364	1023	11	a	a	DT
29364	1023	12	transaction	transaction	NN
29364	1023	13	will	will	MD
29364	1023	14	mean	mean	VB
29364	1023	15	a	a	DT
29364	1023	16	pretty	pretty	RB
29364	1023	17	satisfactory	satisfactory	JJ
29364	1023	18	understanding	understanding	NN
29364	1023	19	of	of	IN
29364	1023	20	the	the	DT
29364	1023	21	general	general	JJ
29364	1023	22	principles	principle	NNS
29364	1023	23	under	under	IN
29364	1023	24	which	which	WDT
29364	1023	25	the	the	DT
29364	1023	26	financing	financing	NN
29364	1023	27	of	of	IN
29364	1023	28	most	most	JJS
29364	1023	29	of	of	IN
29364	1023	30	our	-PRON-	PRP$
29364	1023	31	imports	import	NNS
29364	1023	32	is	be	VBZ
29364	1023	33	arranged	arrange	VBN
29364	1023	34	.	.	.
29364	1024	1	The	the	DT
29364	1024	2	purchase	purchase	NN
29364	1024	3	of	of	IN
29364	1024	4	the	the	DT
29364	1024	5	silk	silk	NN
29364	1024	6	having	have	VBG
29364	1024	7	been	be	VBN
29364	1024	8	consummated	consummate	VBN
29364	1024	9	by	by	IN
29364	1024	10	cable	cable	NN
29364	1024	11	,	,	,
29364	1024	12	the	the	DT
29364	1024	13	first	first	JJ
29364	1024	14	thing	thing	NN
29364	1024	15	the	the	DT
29364	1024	16	purchaser	purchaser	NN
29364	1024	17	would	would	MD
29364	1024	18	do	do	VB
29364	1024	19	would	would	MD
29364	1024	20	be	be	VB
29364	1024	21	to	to	TO
29364	1024	22	go	go	VB
29364	1024	23	to	to	IN
29364	1024	24	his	-PRON-	PRP$
29364	1024	25	banker	banker	NN
29364	1024	26	in	in	IN
29364	1024	27	New	New	NNP
29364	1024	28	York	York	NNP
29364	1024	29	,	,	,
29364	1024	30	lay	lie	VBD
29364	1024	31	before	before	IN
29364	1024	32	him	-PRON-	PRP
29364	1024	33	an	an	DT
29364	1024	34	exact	exact	JJ
29364	1024	35	statement	statement	NN
29364	1024	36	of	of	IN
29364	1024	37	the	the	DT
29364	1024	38	conditions	condition	NNS
29364	1024	39	under	under	IN
29364	1024	40	which	which	WDT
29364	1024	41	the	the	DT
29364	1024	42	purchase	purchase	NN
29364	1024	43	was	be	VBD
29364	1024	44	made	make	VBN
29364	1024	45	,	,	,
29364	1024	46	and	and	CC
29364	1024	47	get	get	VB
29364	1024	48	him	-PRON-	PRP
29364	1024	49	(	(	-LRB-
29364	1024	50	the	the	DT
29364	1024	51	banker	banker	NN
29364	1024	52	)	)	-RRB-
29364	1024	53	to	to	TO
29364	1024	54	open	open	VB
29364	1024	55	a	a	DT
29364	1024	56	commercial	commercial	JJ
29364	1024	57	letter	letter	NN
29364	1024	58	of	of	IN
29364	1024	59	credit	credit	NN
29364	1024	60	covering	cover	VBG
29364	1024	61	those	those	DT
29364	1024	62	terms	term	NNS
29364	1024	63	.	.	.
29364	1025	1	Such	such	PDT
29364	1025	2	a	a	DT
29364	1025	3	credit	credit	NN
29364	1025	4	,	,	,
29364	1025	5	of	of	IN
29364	1025	6	which	which	WDT
29364	1025	7	a	a	DT
29364	1025	8	reprint	reprint	NN
29364	1025	9	is	be	VBZ
29364	1025	10	given	give	VBN
29364	1025	11	herewith	herewith	NNP
29364	1025	12	,	,	,
29364	1025	13	would	would	MD
29364	1025	14	be	be	VB
29364	1025	15	in	in	IN
29364	1025	16	the	the	DT
29364	1025	17	form	form	NN
29364	1025	18	of	of	IN
29364	1025	19	a	a	DT
29364	1025	20	letter	letter	NN
29364	1025	21	to	to	IN
29364	1025	22	the	the	DT
29364	1025	23	issuing	issue	VBG
29364	1025	24	banker	banker	NN
29364	1025	25	's	's	POS
29364	1025	26	London	London	NNP
29364	1025	27	correspondent	correspondent	NN
29364	1025	28	,	,	,
29364	1025	29	requesting	request	VBG
29364	1025	30	him	-PRON-	PRP
29364	1025	31	to	to	TO
29364	1025	32	"	"	``
29364	1025	33	accept	accept	VB
29364	1025	34	"	"	''
29364	1025	35	the	the	DT
29364	1025	36	drafts	draft	NNS
29364	1025	37	of	of	IN
29364	1025	38	the	the	DT
29364	1025	39	sellers	seller	NNS
29364	1025	40	of	of	IN
29364	1025	41	the	the	DT
29364	1025	42	silk	silk	NN
29364	1025	43	in	in	IN
29364	1025	44	Canton	Canton	NNP
29364	1025	45	up	up	RP
29364	1025	46	to	to	IN
29364	1025	47	a	a	DT
29364	1025	48	certain	certain	JJ
29364	1025	49	amount	amount	NN
29364	1025	50	and	and	CC
29364	1025	51	under	under	IN
29364	1025	52	certain	certain	JJ
29364	1025	53	conditions	condition	NNS
29364	1025	54	.	.	.
29364	1026	1	These	these	DT
29364	1026	2	conditions	condition	NNS
29364	1026	3	,	,	,
29364	1026	4	having	have	VBG
29364	1026	5	to	to	TO
29364	1026	6	do	do	VB
29364	1026	7	with	with	IN
29364	1026	8	the	the	DT
29364	1026	9	"	"	``
29364	1026	10	usance	usance	NN
29364	1026	11	"	"	''
29364	1026	12	of	of	IN
29364	1026	13	the	the	DT
29364	1026	14	drafts	draft	NNS
29364	1026	15	(	(	-LRB-
29364	1026	16	whether	whether	IN
29364	1026	17	they	-PRON-	PRP
29364	1026	18	were	be	VBD
29364	1026	19	to	to	TO
29364	1026	20	be	be	VB
29364	1026	21	drawn	draw	VBN
29364	1026	22	at	at	IN
29364	1026	23	three	three	CD
29364	1026	24	,	,	,
29364	1026	25	four	four	CD
29364	1026	26	,	,	,
29364	1026	27	or	or	CC
29364	1026	28	six	six	CD
29364	1026	29	months	month	NNS
29364	1026	30	'	'	POS
29364	1026	31	sight	sight	NN
29364	1026	32	)	)	-RRB-
29364	1026	33	and	and	CC
29364	1026	34	with	with	IN
29364	1026	35	the	the	DT
29364	1026	36	shipping	shipping	NN
29364	1026	37	documents	document	NNS
29364	1026	38	to	to	TO
29364	1026	39	accompany	accompany	VB
29364	1026	40	the	the	DT
29364	1026	41	drafts	draft	NNS
29364	1026	42	,	,	,
29364	1026	43	are	be	VBP
29364	1026	44	all	all	DT
29364	1026	45	very	very	RB
29364	1026	46	fully	fully	RB
29364	1026	47	set	set	VBN
29364	1026	48	forth	forth	RP
29364	1026	49	in	in	IN
29364	1026	50	the	the	DT
29364	1026	51	letter	letter	NN
29364	1026	52	of	of	IN
29364	1026	53	credit	credit	NN
29364	1026	54	itself	-PRON-	PRP
29364	1026	55	.	.	.
29364	1027	1	If	if	IN
29364	1027	2	the	the	DT
29364	1027	3	silk	silk	NN
29364	1027	4	has	have	VBZ
29364	1027	5	been	be	VBN
29364	1027	6	bought	buy	VBN
29364	1027	7	on	on	IN
29364	1027	8	the	the	DT
29364	1027	9	basis	basis	NN
29364	1027	10	of	of	IN
29364	1027	11	four	four	CD
29364	1027	12	months	month	NNS
29364	1027	13	,	,	,
29364	1027	14	for	for	IN
29364	1027	15	instance	instance	NN
29364	1027	16	,	,	,
29364	1027	17	the	the	DT
29364	1027	18	credit	credit	NN
29364	1027	19	would	would	MD
29364	1027	20	read	read	VB
29364	1027	21	that	that	IN
29364	1027	22	drafts	draft	NNS
29364	1027	23	are	be	VBP
29364	1027	24	to	to	TO
29364	1027	25	be	be	VB
29364	1027	26	drawn	draw	VBN
29364	1027	27	at	at	IN
29364	1027	28	four	four	CD
29364	1027	29	months	month	NNS
29364	1027	30	'	'	POS
29364	1027	31	sight	sight	NN
29364	1027	32	.	.	.
29364	1028	1	Mention	mention	NN
29364	1028	2	is	be	VBZ
29364	1028	3	also	also	RB
29364	1028	4	made	make	VBN
29364	1028	5	as	as	IN
29364	1028	6	to	to	IN
29364	1028	7	whose	whose	WP$
29364	1028	8	order	order	NN
29364	1028	9	the	the	DT
29364	1028	10	bills	bill	NNS
29364	1028	11	of	of	IN
29364	1028	12	lading	lading	NN
29364	1028	13	are	be	VBP
29364	1028	14	to	to	TO
29364	1028	15	be	be	VB
29364	1028	16	made	make	VBN
29364	1028	17	,	,	,
29364	1028	18	as	as	IN
29364	1028	19	to	to	IN
29364	1028	20	where	where	WRB
29364	1028	21	the	the	DT
29364	1028	22	insurance	insurance	NN
29364	1028	23	is	be	VBZ
29364	1028	24	to	to	TO
29364	1028	25	be	be	VB
29364	1028	26	effected	effect	VBN
29364	1028	27	,	,	,
29364	1028	28	etc	etc	FW
29364	1028	29	.	.	FW
29364	1028	30	,	,	,
29364	1028	31	etc	etc	FW
29364	1028	32	.	.	.
29364	1029	1	The	the	DT
29364	1029	2	silk	silk	NN
29364	1029	3	importer	importer	NN
29364	1029	4	having	have	VBG
29364	1029	5	received	receive	VBN
29364	1029	6	this	this	DT
29364	1029	7	letter	letter	NN
29364	1029	8	of	of	IN
29364	1029	9	credit	credit	NN
29364	1029	10	from	from	IN
29364	1029	11	the	the	DT
29364	1029	12	banker	banker	NN
29364	1029	13	in	in	IN
29364	1029	14	New	New	NNP
29364	1029	15	York	York	NNP
29364	1029	16	,	,	,
29364	1029	17	sends	send	VBZ
29364	1029	18	it	-PRON-	PRP
29364	1029	19	by	by	IN
29364	1029	20	first	first	JJ
29364	1029	21	mail	mail	NN
29364	1029	22	(	(	-LRB-
29364	1029	23	or	or	CC
29364	1029	24	,	,	,
29364	1029	25	if	if	IN
29364	1029	26	the	the	DT
29364	1029	27	case	case	NN
29364	1029	28	be	be	VB
29364	1029	29	urgent	urgent	JJ
29364	1029	30	,	,	,
29364	1029	31	cables	cable	VBZ
29364	1029	32	its	-PRON-	PRP$
29364	1029	33	contents	content	NNS
29364	1029	34	)	)	-RRB-
29364	1029	35	to	to	IN
29364	1029	36	the	the	DT
29364	1029	37	seller	seller	NN
29364	1029	38	of	of	IN
29364	1029	39	the	the	DT
29364	1029	40	silk	silk	NN
29364	1029	41	out	out	RP
29364	1029	42	in	in	IN
29364	1029	43	Canton	Canton	NNP
29364	1029	44	.	.	.
29364	1030	1	The	the	DT
29364	1030	2	latter	latter	JJ
29364	1030	3	,	,	,
29364	1030	4	having	have	VBG
29364	1030	5	received	receive	VBN
29364	1030	6	it	-PRON-	PRP
29364	1030	7	,	,	,
29364	1030	8	is	be	VBZ
29364	1030	9	then	then	RB
29364	1030	10	in	in	IN
29364	1030	11	a	a	DT
29364	1030	12	position	position	NN
29364	1030	13	to	to	TO
29364	1030	14	go	go	VB
29364	1030	15	ahead	ahead	RB
29364	1030	16	with	with	IN
29364	1030	17	his	-PRON-	PRP$
29364	1030	18	shipment	shipment	NN
29364	1030	19	.	.	.
29364	1031	1	The	the	DT
29364	1031	2	first	first	JJ
29364	1031	3	thing	thing	NN
29364	1031	4	he	-PRON-	PRP
29364	1031	5	does	do	VBZ
29364	1031	6	is	be	VBZ
29364	1031	7	to	to	TO
29364	1031	8	put	put	VB
29364	1031	9	the	the	DT
29364	1031	10	silk	silk	NN
29364	1031	11	aboard	aboard	IN
29364	1031	12	ship	ship	NN
29364	1031	13	,	,	,
29364	1031	14	receiving	receive	VBG
29364	1031	15	from	from	IN
29364	1031	16	the	the	DT
29364	1031	17	steamship	steamship	NN
29364	1031	18	company	company	NN
29364	1031	19	a	a	DT
29364	1031	20	receipt	receipt	NN
29364	1031	21	(	(	-LRB-
29364	1031	22	bill	bill	NN
29364	1031	23	of	of	IN
29364	1031	24	lading	lading	NN
29364	1031	25	)	)	-RRB-
29364	1031	26	stating	state	VBG
29364	1031	27	that	that	IN
29364	1031	28	the	the	DT
29364	1031	29	ten	ten	CD
29364	1031	30	bales	bale	NNS
29364	1031	31	have	have	VBP
29364	1031	32	been	be	VBN
29364	1031	33	put	put	VBN
29364	1031	34	aboard	aboard	RB
29364	1031	35	,	,	,
29364	1031	36	and	and	CC
29364	1031	37	making	make	VBG
29364	1031	38	them	-PRON-	PRP
29364	1031	39	deliverable	deliverable	JJ
29364	1031	40	_	_	NNP
29364	1031	41	to	to	IN
29364	1031	42	the	the	DT
29364	1031	43	order	order	NN
29364	1031	44	of	of	IN
29364	1031	45	the	the	DT
29364	1031	46	banker	banker	NN
29364	1031	47	in	in	IN
29364	1031	48	New	New	NNP
29364	1031	49	York	York	NNP
29364	1031	50	_	_	NNP
29364	1031	51	,	,	,
29364	1031	52	who	who	WP
29364	1031	53	issues	issue	VBZ
29364	1031	54	the	the	DT
29364	1031	55	credit	credit	NN
29364	1031	56	.	.	.
29364	1032	1	The	the	DT
29364	1032	2	bill	bill	NN
29364	1032	3	of	of	IN
29364	1032	4	lading	lading	NN
29364	1032	5	being	be	VBG
29364	1032	6	made	make	VBN
29364	1032	7	out	out	RP
29364	1032	8	to	to	IN
29364	1032	9	his	-PRON-	PRP$
29364	1032	10	order	order	NN
29364	1032	11	is	be	VBZ
29364	1032	12	useless	useless	JJ
29364	1032	13	to	to	IN
29364	1032	14	anybody	anybody	NN
29364	1032	15	else	else	RB
29364	1032	16	.	.	.
29364	1033	1	He	-PRON-	PRP
29364	1033	2	and	and	CC
29364	1033	3	he	-PRON-	PRP
29364	1033	4	only	only	RB
29364	1033	5	can	can	MD
29364	1033	6	get	get	VB
29364	1033	7	the	the	DT
29364	1033	8	silk	silk	NN
29364	1033	9	out	out	IN
29364	1033	10	of	of	IN
29364	1033	11	the	the	DT
29364	1033	12	ship	ship	NN
29364	1033	13	when	when	WRB
29364	1033	14	it	-PRON-	PRP
29364	1033	15	arrives	arrive	VBZ
29364	1033	16	in	in	IN
29364	1033	17	New	New	NNP
29364	1033	18	York	York	NNP
29364	1033	19	.	.	.
29364	1034	1	The	the	DT
29364	1034	2	shipper	shipper	NN
29364	1034	3	in	in	IN
29364	1034	4	Canton	Canton	NNP
29364	1034	5	having	have	VBG
29364	1034	6	received	receive	VBN
29364	1034	7	this	this	DT
29364	1034	8	bill	bill	NN
29364	1034	9	of	of	IN
29364	1034	10	lading	lade	VBG
29364	1034	11	from	from	IN
29364	1034	12	the	the	DT
29364	1034	13	steamship	steamship	NN
29364	1034	14	company	company	NN
29364	1034	15	and	and	CC
29364	1034	16	having	have	VBG
29364	1034	17	properly	properly	RB
29364	1034	18	insured	insure	VBN
29364	1034	19	the	the	DT
29364	1034	20	goods	good	NNS
29364	1034	21	and	and	CC
29364	1034	22	received	receive	VBD
29364	1034	23	a	a	DT
29364	1034	24	certificate	certificate	NN
29364	1034	25	stating	state	VBG
29364	1034	26	that	that	IN
29364	1034	27	he	-PRON-	PRP
29364	1034	28	has	have	VBZ
29364	1034	29	done	do	VBN
29364	1034	30	so	so	RB
29364	1034	31	,	,	,
29364	1034	32	is	be	VBZ
29364	1034	33	then	then	RB
29364	1034	34	in	in	IN
29364	1034	35	a	a	DT
29364	1034	36	position	position	NN
29364	1034	37	to	to	TO
29364	1034	38	go	go	VB
29364	1034	39	ahead	ahead	RB
29364	1034	40	and	and	CC
29364	1034	41	draw	draw	VB
29364	1034	42	his	-PRON-	PRP$
29364	1034	43	draft	draft	NN
29364	1034	44	for	for	IN
29364	1034	45	the	the	DT
29364	1034	46	cost	cost	NN
29364	1034	47	of	of	IN
29364	1034	48	the	the	DT
29364	1034	49	silk	silk	NN
29364	1034	50	.	.	.
29364	1035	1	The	the	DT
29364	1035	2	London	London	NNP
29364	1035	3	correspondent	correspondent	NN
29364	1035	4	of	of	IN
29364	1035	5	the	the	DT
29364	1035	6	New	New	NNP
29364	1035	7	York	York	NNP
29364	1035	8	banker	banker	NN
29364	1035	9	,	,	,
29364	1035	10	to	to	TO
29364	1035	11	whom	whom	WP
29364	1035	12	the	the	DT
29364	1035	13	letter	letter	NN
29364	1035	14	of	of	IN
29364	1035	15	credit	credit	NN
29364	1035	16	is	be	VBZ
29364	1035	17	addressed	address	VBN
29364	1035	18	,	,	,
29364	1035	19	is	be	VBZ
29364	1035	20	,	,	,
29364	1035	21	say	say	UH
29364	1035	22	,	,	,
29364	1035	23	the	the	DT
29364	1035	24	Guaranty	Guaranty	NNP
29364	1035	25	Trust	Trust	NNP
29364	1035	26	Company	Company	NNP
29364	1035	27	of	of	IN
29364	1035	28	London	London	NNP
29364	1035	29	.	.	.
29364	1036	1	Upon	upon	IN
29364	1036	2	that	that	DT
29364	1036	3	institution	institution	NN
29364	1036	4	the	the	DT
29364	1036	5	Canton	Canton	NNP
29364	1036	6	silk	silk	NN
29364	1036	7	firm	firm	NN
29364	1036	8	,	,	,
29364	1036	9	therefore	therefore	RB
29364	1036	10	,	,	,
29364	1036	11	draws	draw	VBZ
29364	1036	12	his	-PRON-	PRP$
29364	1036	13	draft	draft	NN
29364	1036	14	in	in	IN
29364	1036	15	pounds	pound	NNS
29364	1036	16	sterling	sterling	NN
29364	1036	17	for	for	IN
29364	1036	18	the	the	DT
29364	1036	19	cost	cost	NN
29364	1036	20	of	of	IN
29364	1036	21	the	the	DT
29364	1036	22	silk	silk	NN
29364	1036	23	,	,	,
29364	1036	24	attaching	attach	VBG
29364	1036	25	to	to	IN
29364	1036	26	the	the	DT
29364	1036	27	draft	draft	NN
29364	1036	28	the	the	DT
29364	1036	29	bill	bill	NN
29364	1036	30	of	of	IN
29364	1036	31	lading	lading	NNP
29364	1036	32	,	,	,
29364	1036	33	an	an	DT
29364	1036	34	invoice	invoice	NN
29364	1036	35	,	,	,
29364	1036	36	and	and	CC
29364	1036	37	the	the	DT
29364	1036	38	insurance	insurance	NN
29364	1036	39	certificate	certificate	NN
29364	1036	40	.	.	.
29364	1037	1	A	a	DT
29364	1037	2	pertinent	pertinent	JJ
29364	1037	3	inquiry	inquiry	NN
29364	1037	4	at	at	IN
29364	1037	5	this	this	DT
29364	1037	6	point	point	NN
29364	1037	7	is	be	VBZ
29364	1037	8	as	as	IN
29364	1037	9	to	to	IN
29364	1037	10	why	why	WRB
29364	1037	11	the	the	DT
29364	1037	12	letter	letter	NN
29364	1037	13	of	of	IN
29364	1037	14	credit	credit	NN
29364	1037	15	for	for	IN
29364	1037	16	silk	silk	NN
29364	1037	17	shipped	ship	VBN
29364	1037	18	from	from	IN
29364	1037	19	a	a	DT
29364	1037	20	city	city	NN
29364	1037	21	in	in	IN
29364	1037	22	China	China	NNP
29364	1037	23	directs	direct	VBZ
29364	1037	24	that	that	IN
29364	1037	25	drafts	draft	NNS
29364	1037	26	be	be	VB
29364	1037	27	drawn	draw	VBN
29364	1037	28	on	on	IN
29364	1037	29	London	London	NNP
29364	1037	30	--	--	:
29364	1037	31	as	as	IN
29364	1037	32	to	to	IN
29364	1037	33	why	why	WRB
29364	1037	34	London	London	NNP
29364	1037	35	figures	figure	NNS
29364	1037	36	in	in	IN
29364	1037	37	the	the	DT
29364	1037	38	transaction	transaction	NN
29364	1037	39	at	at	RB
29364	1037	40	all	all	RB
29364	1037	41	?	?	.
29364	1038	1	The	the	DT
29364	1038	2	answer	answer	NN
29364	1038	3	is	be	VBZ
29364	1038	4	that	that	IN
29364	1038	5	drafts	draft	VBZ
29364	1038	6	on	on	IN
29364	1038	7	London	London	NNP
29364	1038	8	are	be	VBP
29364	1038	9	always	always	RB
29364	1038	10	readily	readily	RB
29364	1038	11	negotiable	negotiable	JJ
29364	1038	12	,	,	,
29364	1038	13	and	and	CC
29364	1038	14	that	that	IN
29364	1038	15	London	London	NNP
29364	1038	16	is	be	VBZ
29364	1038	17	the	the	DT
29364	1038	18	only	only	JJ
29364	1038	19	city	city	NN
29364	1038	20	in	in	IN
29364	1038	21	the	the	DT
29364	1038	22	whole	whole	JJ
29364	1038	23	world	world	NN
29364	1038	24	drafts	draft	VBZ
29364	1038	25	on	on	IN
29364	1038	26	which	which	WDT
29364	1038	27	_	_	NNP
29364	1038	28	are	be	VBP
29364	1038	29	_	_	NNP
29364	1038	30	readily	readily	RB
29364	1038	31	negotiable	negotiable	JJ
29364	1038	32	in	in	IN
29364	1038	33	all	all	DT
29364	1038	34	places	place	NNS
29364	1038	35	and	and	CC
29364	1038	36	at	at	IN
29364	1038	37	all	all	DT
29364	1038	38	times	time	NNS
29364	1038	39	.	.	.
29364	1039	1	A	a	DT
29364	1039	2	draft	draft	NN
29364	1039	3	on	on	IN
29364	1039	4	New	New	NNP
29364	1039	5	York	York	NNP
29364	1039	6	or	or	CC
29364	1039	7	on	on	IN
29364	1039	8	Berlin	Berlin	NNP
29364	1039	9	_	_	NNP
29364	1039	10	might	may	MD
29364	1039	11	_	_	NNP
29364	1039	12	be	be	VB
29364	1039	13	negotiated	negotiate	VBN
29364	1039	14	at	at	IN
29364	1039	15	a	a	DT
29364	1039	16	point	point	NN
29364	1039	17	like	like	IN
29364	1039	18	Canton	Canton	NNP
29364	1039	19	,	,	,
29364	1039	20	but	but	CC
29364	1039	21	to	to	TO
29364	1039	22	be	be	VB
29364	1039	23	sure	sure	JJ
29364	1039	24	that	that	IN
29364	1039	25	the	the	DT
29364	1039	26	exporter	exporter	NN
29364	1039	27	of	of	IN
29364	1039	28	the	the	DT
29364	1039	29	silk	silk	NN
29364	1039	30	will	will	MD
29364	1039	31	get	get	VB
29364	1039	32	the	the	DT
29364	1039	33	best	good	JJS
29364	1039	34	rate	rate	NN
29364	1039	35	of	of	IN
29364	1039	36	exchange	exchange	NN
29364	1039	37	for	for	IN
29364	1039	38	his	-PRON-	PRP$
29364	1039	39	drafts	draft	NNS
29364	1039	40	,	,	,
29364	1039	41	the	the	DT
29364	1039	42	drafts	draft	NNS
29364	1039	43	must	must	MD
29364	1039	44	be	be	VB
29364	1039	45	drawn	draw	VBN
29364	1039	46	on	on	IN
29364	1039	47	London	London	NNP
29364	1039	48	,	,	,
29364	1039	49	the	the	DT
29364	1039	50	financial	financial	JJ
29364	1039	51	center	center	NN
29364	1039	52	of	of	IN
29364	1039	53	the	the	DT
29364	1039	54	world	world	NN
29364	1039	55	.	.	.
29364	1040	1	One	one	CD
29364	1040	2	of	of	IN
29364	1040	3	the	the	DT
29364	1040	4	chief	chief	JJ
29364	1040	5	points	point	NNS
29364	1040	6	to	to	IN
29364	1040	7	the	the	DT
29364	1040	8	whole	whole	JJ
29364	1040	9	business	business	NN
29364	1040	10	of	of	IN
29364	1040	11	taking	take	VBG
29364	1040	12	out	out	RP
29364	1040	13	a	a	DT
29364	1040	14	credit	credit	NN
29364	1040	15	,	,	,
29364	1040	16	in	in	IN
29364	1040	17	fact	fact	NN
29364	1040	18	,	,	,
29364	1040	19	is	be	VBZ
29364	1040	20	to	to	TO
29364	1040	21	provide	provide	VB
29364	1040	22	a	a	DT
29364	1040	23	point	point	NN
29364	1040	24	on	on	IN
29364	1040	25	which	which	WDT
29364	1040	26	the	the	DT
29364	1040	27	shipper	shipper	NN
29364	1040	28	can	can	MD
29364	1040	29	draw	draw	VB
29364	1040	30	satisfactorily	satisfactorily	RB
29364	1040	31	.	.	.
29364	1041	1	Assume	assume	VB
29364	1041	2	now	now	RB
29364	1041	3	that	that	IN
29364	1041	4	the	the	DT
29364	1041	5	silk	silk	NN
29364	1041	6	has	have	VBZ
29364	1041	7	been	be	VBN
29364	1041	8	put	put	VBN
29364	1041	9	aboard	aboard	IN
29364	1041	10	ship	ship	NN
29364	1041	11	bound	bind	VBN
29364	1041	12	for	for	IN
29364	1041	13	the	the	DT
29364	1041	14	United	United	NNP
29364	1041	15	States	States	NNP
29364	1041	16	,	,	,
29364	1041	17	that	that	IN
29364	1041	18	the	the	DT
29364	1041	19	shipper	shipper	NN
29364	1041	20	has	have	VBZ
29364	1041	21	drawn	draw	VBN
29364	1041	22	,	,	,
29364	1041	23	say	say	VB
29364	1041	24	,	,	,
29364	1041	25	a	a	DT
29364	1041	26	draft	draft	NN
29364	1041	27	for	for	IN
29364	1041	28	£	£	$
29364	1041	29	1,000	1,000	CD
29364	1041	30	at	at	IN
29364	1041	31	four	four	CD
29364	1041	32	months	month	NNS
29364	1041	33	'	'	POS
29364	1041	34	sight	sight	NN
29364	1041	35	on	on	IN
29364	1041	36	the	the	DT
29364	1041	37	Guaranty	Guaranty	NNP
29364	1041	38	Trust	Trust	NNP
29364	1041	39	Co.	Co.	NNP
29364	1041	40	,	,	,
29364	1041	41	London	London	NNP
29364	1041	42	,	,	,
29364	1041	43	and	and	CC
29364	1041	44	has	have	VBZ
29364	1041	45	attached	attach	VBN
29364	1041	46	thereto	thereto	IN
29364	1041	47	the	the	DT
29364	1041	48	bill	bill	NN
29364	1041	49	of	of	IN
29364	1041	50	lading	lading	NN
29364	1041	51	and	and	CC
29364	1041	52	the	the	DT
29364	1041	53	insurance	insurance	NN
29364	1041	54	certificate	certificate	NN
29364	1041	55	.	.	.
29364	1042	1	Taking	take	VBG
29364	1042	2	this	this	DT
29364	1042	3	draft	draft	NN
29364	1042	4	around	around	RP
29364	1042	5	to	to	IN
29364	1042	6	his	-PRON-	PRP$
29364	1042	7	bank	bank	NN
29364	1042	8	the	the	DT
29364	1042	9	shipper	shipper	NN
29364	1042	10	sells	sell	VBZ
29364	1042	11	it	-PRON-	PRP
29364	1042	12	for	for	IN
29364	1042	13	local	local	JJ
29364	1042	14	currency	currency	NN
29364	1042	15	at	at	IN
29364	1042	16	the	the	DT
29364	1042	17	then	then	RB
29364	1042	18	prevailing	prevail	VBG
29364	1042	19	rate	rate	NN
29364	1042	20	for	for	IN
29364	1042	21	four	four	CD
29364	1042	22	months	month	NNS
29364	1042	23	'	'	POS
29364	1042	24	sight	sight	NN
29364	1042	25	drafts	draft	NNS
29364	1042	26	drawn	draw	VBN
29364	1042	27	on	on	IN
29364	1042	28	London	London	NNP
29364	1042	29	.	.	.
29364	1043	1	The	the	DT
29364	1043	2	fact	fact	NN
29364	1043	3	that	that	IN
29364	1043	4	it	-PRON-	PRP
29364	1043	5	is	be	VBZ
29364	1043	6	drawn	draw	VBN
29364	1043	7	at	at	IN
29364	1043	8	four	four	CD
29364	1043	9	months	month	NNS
29364	1043	10	'	'	POS
29364	1043	11	sight	sight	NN
29364	1043	12	means	mean	VBZ
29364	1043	13	that	that	IN
29364	1043	14	he	-PRON-	PRP
29364	1043	15	will	will	MD
29364	1043	16	get	get	VB
29364	1043	17	a	a	DT
29364	1043	18	lower	low	JJR
29364	1043	19	rate	rate	NN
29364	1043	20	of	of	IN
29364	1043	21	exchange	exchange	NN
29364	1043	22	for	for	IN
29364	1043	23	it	-PRON-	PRP
29364	1043	24	than	than	IN
29364	1043	25	if	if	IN
29364	1043	26	it	-PRON-	PRP
29364	1043	27	were	be	VBD
29364	1043	28	drawn	draw	VBN
29364	1043	29	payable	payable	JJ
29364	1043	30	on	on	IN
29364	1043	31	demand	demand	NN
29364	1043	32	,	,	,
29364	1043	33	but	but	CC
29364	1043	34	that	that	DT
29364	1043	35	was	be	VBD
29364	1043	36	the	the	DT
29364	1043	37	arrangement	arrangement	NN
29364	1043	38	with	with	IN
29364	1043	39	the	the	DT
29364	1043	40	buyer	buyer	NN
29364	1043	41	in	in	IN
29364	1043	42	New	New	NNP
29364	1043	43	York	York	NNP
29364	1043	44	--	--	:
29364	1043	45	that	that	IN
29364	1043	46	the	the	DT
29364	1043	47	drafts	draft	NNS
29364	1043	48	against	against	IN
29364	1043	49	the	the	DT
29364	1043	50	silk	silk	NN
29364	1043	51	were	be	VBD
29364	1043	52	to	to	TO
29364	1043	53	have	have	VB
29364	1043	54	four	four	CD
29364	1043	55	months	month	NNS
29364	1043	56	to	to	TO
29364	1043	57	run	run	VB
29364	1043	58	.	.	.
29364	1044	1	Having	have	VBG
29364	1044	2	sold	sell	VBN
29364	1044	3	this	this	DT
29364	1044	4	draft	draft	NN
29364	1044	5	to	to	IN
29364	1044	6	his	-PRON-	PRP$
29364	1044	7	bank	bank	NN
29364	1044	8	in	in	IN
29364	1044	9	Canton	Canton	NNP
29364	1044	10	and	and	CC
29364	1044	11	received	receive	VBD
29364	1044	12	local	local	JJ
29364	1044	13	currency	currency	NN
29364	1044	14	therefor	therefor	IN
29364	1044	15	,	,	,
29364	1044	16	the	the	DT
29364	1044	17	shipper	shipper	NN
29364	1044	18	of	of	IN
29364	1044	19	the	the	DT
29364	1044	20	silk	silk	NN
29364	1044	21	is	be	VBZ
29364	1044	22	out	out	IN
29364	1044	23	of	of	IN
29364	1044	24	the	the	DT
29364	1044	25	transaction	transaction	NN
29364	1044	26	.	.	.
29364	1045	1	He	-PRON-	PRP
29364	1045	2	has	have	VBZ
29364	1045	3	shipped	ship	VBN
29364	1045	4	the	the	DT
29364	1045	5	goods	good	NNS
29364	1045	6	and	and	CC
29364	1045	7	he	-PRON-	PRP
29364	1045	8	has	have	VBZ
29364	1045	9	his	-PRON-	PRP$
29364	1045	10	money	money	NN
29364	1045	11	.	.	.
29364	1046	1	What	what	WP
29364	1046	2	becomes	become	VBZ
29364	1046	3	of	of	IN
29364	1046	4	the	the	DT
29364	1046	5	draft	draft	NN
29364	1046	6	he	-PRON-	PRP
29364	1046	7	drew	draw	VBD
29364	1046	8	is	be	VBZ
29364	1046	9	the	the	DT
29364	1046	10	next	next	JJ
29364	1046	11	important	important	JJ
29364	1046	12	point	point	NN
29364	1046	13	to	to	TO
29364	1046	14	consider	consider	VB
29364	1046	15	.	.	.
29364	1047	1	But	but	CC
29364	1047	2	so	so	RB
29364	1047	3	far	far	RB
29364	1047	4	as	as	IN
29364	1047	5	the	the	DT
29364	1047	6	exporter	exporter	NN
29364	1047	7	is	be	VBZ
29364	1047	8	concerned	concern	VBN
29364	1047	9	,	,	,
29364	1047	10	the	the	DT
29364	1047	11	transaction	transaction	NN
29364	1047	12	is	be	VBZ
29364	1047	13	closed	closed	JJ
29364	1047	14	,	,	,
29364	1047	15	and	and	CC
29364	1047	16	he	-PRON-	PRP
29364	1047	17	is	be	VBZ
29364	1047	18	ready	ready	JJ
29364	1047	19	for	for	IN
29364	1047	20	the	the	DT
29364	1047	21	next	next	JJ
29364	1047	22	operation	operation	NN
29364	1047	23	.	.	.
29364	1048	1	The	the	DT
29364	1048	2	silk	silk	NN
29364	1048	3	has	have	VBZ
29364	1048	4	now	now	RB
29364	1048	5	been	be	VBN
29364	1048	6	set	set	VBN
29364	1048	7	afloat	afloat	RB
29364	1048	8	for	for	IN
29364	1048	9	New	New	NNP
29364	1048	10	York	York	NNP
29364	1048	11	,	,	,
29364	1048	12	and	and	CC
29364	1048	13	the	the	DT
29364	1048	14	draft	draft	NN
29364	1048	15	purchased	purchase	VBN
29364	1048	16	by	by	IN
29364	1048	17	the	the	DT
29364	1048	18	Canton	Canton	NNP
29364	1048	19	banker	banker	NN
29364	1048	20	is	be	VBZ
29364	1048	21	on	on	IN
29364	1048	22	its	-PRON-	PRP$
29364	1048	23	way	way	NN
29364	1048	24	to	to	IN
29364	1048	25	London	London	NNP
29364	1048	26	for	for	IN
29364	1048	27	acceptance	acceptance	NN
29364	1048	28	.	.	.
29364	1049	1	Long	long	RB
29364	1049	2	before	before	IN
29364	1049	3	the	the	DT
29364	1049	4	silk	silk	NN
29364	1049	5	gets	get	VBZ
29364	1049	6	to	to	IN
29364	1049	7	New	New	NNP
29364	1049	8	York	York	NNP
29364	1049	9	the	the	DT
29364	1049	10	draft	draft	NN
29364	1049	11	will	will	MD
29364	1049	12	have	have	VB
29364	1049	13	reached	reach	VBN
29364	1049	14	London	London	NNP
29364	1049	15	and	and	CC
29364	1049	16	will	will	MD
29364	1049	17	have	have	VB
29364	1049	18	been	be	VBN
29364	1049	19	presented	present	VBN
29364	1049	20	to	to	IN
29364	1049	21	the	the	DT
29364	1049	22	cashier	cashier	NN
29364	1049	23	of	of	IN
29364	1049	24	the	the	DT
29364	1049	25	Guaranty	Guaranty	NNP
29364	1049	26	Trust	Trust	NNP
29364	1049	27	Co.	Co.	NNP
29364	1049	28	,	,	,
29364	1049	29	there	there	RB
29364	1049	30	,	,	,
29364	1049	31	who	who	WP
29364	1049	32	,	,	,
29364	1049	33	of	of	IN
29364	1049	34	course	course	NN
29364	1049	35	,	,	,
29364	1049	36	was	be	VBD
29364	1049	37	apprised	apprise	VBN
29364	1049	38	of	of	IN
29364	1049	39	the	the	DT
29364	1049	40	credit	credit	NN
29364	1049	41	opened	open	VBN
29364	1049	42	on	on	IN
29364	1049	43	his	-PRON-	PRP$
29364	1049	44	bank	bank	NN
29364	1049	45	at	at	IN
29364	1049	46	the	the	DT
29364	1049	47	time	time	NN
29364	1049	48	such	such	JJ
29364	1049	49	credit	credit	NN
29364	1049	50	was	be	VBD
29364	1049	51	originally	originally	RB
29364	1049	52	issued	issue	VBN
29364	1049	53	in	in	IN
29364	1049	54	New	New	NNP
29364	1049	55	York	York	NNP
29364	1049	56	.	.	.
29364	1050	1	Examining	examine	VBG
29364	1050	2	the	the	DT
29364	1050	3	draft	draft	NN
29364	1050	4	and	and	CC
29364	1050	5	the	the	DT
29364	1050	6	documents	document	NNS
29364	1050	7	carefully	carefully	RB
29364	1050	8	to	to	TO
29364	1050	9	see	see	VB
29364	1050	10	that	that	IN
29364	1050	11	they	-PRON-	PRP
29364	1050	12	conform	conform	VBP
29364	1050	13	with	with	IN
29364	1050	14	the	the	DT
29364	1050	15	terms	term	NNS
29364	1050	16	of	of	IN
29364	1050	17	the	the	DT
29364	1050	18	credit	credit	NN
29364	1050	19	,	,	,
29364	1050	20	the	the	DT
29364	1050	21	cashier	cashier	NN
29364	1050	22	of	of	IN
29364	1050	23	the	the	DT
29364	1050	24	Guaranty	Guaranty	NNP
29364	1050	25	Trust	Trust	NNP
29364	1050	26	Co.	Co.	NNP
29364	1050	27	,	,	,
29364	1050	28	London	London	NNP
29364	1050	29	,	,	,
29364	1050	30	formally	formally	RB
29364	1050	31	"	"	``
29364	1050	32	accepts	accept	VBZ
29364	1050	33	"	"	''
29364	1050	34	the	the	DT
29364	1050	35	draft	draft	NN
29364	1050	36	,	,	,
29364	1050	37	marking	mark	VBG
29364	1050	38	it	-PRON-	PRP
29364	1050	39	payable	payable	JJ
29364	1050	40	four	four	CD
29364	1050	41	months	month	NNS
29364	1050	42	from	from	IN
29364	1050	43	the	the	DT
29364	1050	44	date	date	NN
29364	1050	45	it	-PRON-	PRP
29364	1050	46	was	be	VBD
29364	1050	47	presented	present	VBN
29364	1050	48	to	to	IN
29364	1050	49	him	-PRON-	PRP
29364	1050	50	.	.	.
29364	1051	1	The	the	DT
29364	1051	2	accepted	accepted	JJ
29364	1051	3	draft	draft	NN
29364	1051	4	he	-PRON-	PRP
29364	1051	5	hands	hand	VBZ
29364	1051	6	back	back	RB
29364	1051	7	to	to	IN
29364	1051	8	the	the	DT
29364	1051	9	messenger	messenger	NN
29364	1051	10	of	of	IN
29364	1051	11	the	the	DT
29364	1051	12	bank	bank	NN
29364	1051	13	who	who	WP
29364	1051	14	brought	bring	VBD
29364	1051	15	it	-PRON-	PRP
29364	1051	16	in	in	RP
29364	1051	17	;	;	:
29364	1051	18	the	the	DT
29364	1051	19	bill	bill	NN
29364	1051	20	of	of	IN
29364	1051	21	lading	lading	NN
29364	1051	22	,	,	,
29364	1051	23	insurance	insurance	NN
29364	1051	24	certificate	certificate	NN
29364	1051	25	,	,	,
29364	1051	26	and	and	CC
29364	1051	27	invoice	invoice	NNP
29364	1051	28	he	-PRON-	PRP
29364	1051	29	keeps	keep	VBZ
29364	1051	30	.	.	.
29364	1052	1	By	by	IN
29364	1052	2	the	the	DT
29364	1052	3	next	next	JJ
29364	1052	4	mail	mail	NN
29364	1052	5	steamer	steamer	NN
29364	1052	6	he	-PRON-	PRP
29364	1052	7	dispatches	dispatch	VBZ
29364	1052	8	these	these	DT
29364	1052	9	papers	paper	NNS
29364	1052	10	to	to	IN
29364	1052	11	the	the	DT
29364	1052	12	banker	banker	NN
29364	1052	13	in	in	IN
29364	1052	14	New	New	NNP
29364	1052	15	York	York	NNP
29364	1052	16	who	who	WP
29364	1052	17	issued	issue	VBD
29364	1052	18	the	the	DT
29364	1052	19	credit	credit	NN
29364	1052	20	.	.	.
29364	1053	1	For	for	IN
29364	1053	2	the	the	DT
29364	1053	3	time	time	NN
29364	1053	4	being	being	NN
29364	1053	5	,	,	,
29364	1053	6	at	at	IN
29364	1053	7	least	least	JJS
29364	1053	8	,	,	,
29364	1053	9	that	that	DT
29364	1053	10	is	be	VBZ
29364	1053	11	to	to	TO
29364	1053	12	say	say	VB
29364	1053	13	,	,	,
29364	1053	14	till	till	IN
29364	1053	15	the	the	DT
29364	1053	16	accepted	accepted	JJ
29364	1053	17	draft	draft	NN
29364	1053	18	comes	come	VBZ
29364	1053	19	due	due	JJ
29364	1053	20	,	,	,
29364	1053	21	the	the	DT
29364	1053	22	London	London	NNP
29364	1053	23	banker	banker	NN
29364	1053	24	is	be	VBZ
29364	1053	25	out	out	IN
29364	1053	26	of	of	IN
29364	1053	27	the	the	DT
29364	1053	28	transaction	transaction	NN
29364	1053	29	,	,	,
29364	1053	30	which	which	WDT
29364	1053	31	is	be	VBZ
29364	1053	32	now	now	RB
29364	1053	33	narrowed	narrow	VBN
29364	1053	34	down	down	RP
29364	1053	35	to	to	IN
29364	1053	36	the	the	DT
29364	1053	37	importer	importer	NN
29364	1053	38	of	of	IN
29364	1053	39	the	the	DT
29364	1053	40	silk	silk	NN
29364	1053	41	in	in	IN
29364	1053	42	Paterson	Paterson	NNP
29364	1053	43	and	and	CC
29364	1053	44	the	the	DT
29364	1053	45	banker	banker	NN
29364	1053	46	in	in	IN
29364	1053	47	New	New	NNP
29364	1053	48	York	York	NNP
29364	1053	49	who	who	WP
29364	1053	50	issued	issue	VBD
29364	1053	51	him	-PRON-	PRP
29364	1053	52	the	the	DT
29364	1053	53	credit	credit	NN
29364	1053	54	.	.	.
29364	1054	1	Assume	assume	VB
29364	1054	2	now	now	RB
29364	1054	3	that	that	IN
29364	1054	4	a	a	DT
29364	1054	5	week	week	NN
29364	1054	6	has	have	VBZ
29364	1054	7	passed	pass	VBN
29364	1054	8	and	and	CC
29364	1054	9	that	that	IN
29364	1054	10	the	the	DT
29364	1054	11	New	New	NNP
29364	1054	12	York	York	NNP
29364	1054	13	banker	banker	NN
29364	1054	14	finds	find	VBZ
29364	1054	15	himself	-PRON-	PRP
29364	1054	16	in	in	IN
29364	1054	17	possession	possession	NN
29364	1054	18	of	of	IN
29364	1054	19	a	a	DT
29364	1054	20	bill	bill	NN
29364	1054	21	of	of	IN
29364	1054	22	lading	lade	VBG
29364	1054	23	for	for	IN
29364	1054	24	ten	ten	CD
29364	1054	25	bales	bale	NNS
29364	1054	26	of	of	IN
29364	1054	27	silk	silk	NN
29364	1054	28	,	,	,
29364	1054	29	merchandise	merchandise	NN
29364	1054	30	deliverable	deliverable	JJ
29364	1054	31	to	to	IN
29364	1054	32	his	-PRON-	PRP$
29364	1054	33	order	order	NN
29364	1054	34	.	.	.
29364	1055	1	A	a	DT
29364	1055	2	few	few	JJ
29364	1055	3	days	day	NNS
29364	1055	4	later	later	RB
29364	1055	5	,	,	,
29364	1055	6	perhaps	perhaps	RB
29364	1055	7	,	,	,
29364	1055	8	the	the	DT
29364	1055	9	goods	good	NNS
29364	1055	10	arrive	arrive	VBP
29364	1055	11	overland	overland	NN
29364	1055	12	by	by	IN
29364	1055	13	fast	fast	JJ
29364	1055	14	freight	freight	NN
29364	1055	15	from	from	IN
29364	1055	16	Seattle	Seattle	NNP
29364	1055	17	.	.	.
29364	1056	1	The	the	DT
29364	1056	2	Paterson	Paterson	NNP
29364	1056	3	silk	silk	NN
29364	1056	4	manufacturer	manufacturer	NN
29364	1056	5	,	,	,
29364	1056	6	who	who	WP
29364	1056	7	is	be	VBZ
29364	1056	8	eagerly	eagerly	RB
29364	1056	9	awaiting	await	VBG
29364	1056	10	their	-PRON-	PRP$
29364	1056	11	arrival	arrival	NN
29364	1056	12	,	,	,
29364	1056	13	comes	come	VBZ
29364	1056	14	around	around	RB
29364	1056	15	to	to	IN
29364	1056	16	the	the	DT
29364	1056	17	banker	banker	NN
29364	1056	18	:	:	:
29364	1056	19	"	"	``
29364	1056	20	Endorse	endorse	VB
29364	1056	21	over	over	IN
29364	1056	22	the	the	DT
29364	1056	23	bill	bill	NN
29364	1056	24	of	of	IN
29364	1056	25	lading	lade	VBG
29364	1056	26	to	to	IN
29364	1056	27	me	-PRON-	PRP
29364	1056	28	,	,	,
29364	1056	29	"	"	''
29364	1056	30	he	-PRON-	PRP
29364	1056	31	says	say	VBZ
29364	1056	32	,	,	,
29364	1056	33	"	"	``
29364	1056	34	so	so	IN
29364	1056	35	that	that	IN
29364	1056	36	I	-PRON-	PRP
29364	1056	37	can	can	MD
29364	1056	38	get	get	VB
29364	1056	39	the	the	DT
29364	1056	40	silk	silk	NN
29364	1056	41	and	and	CC
29364	1056	42	start	start	VB
29364	1056	43	manufacturing	manufacture	VBG
29364	1056	44	it	-PRON-	PRP
29364	1056	45	.	.	.
29364	1056	46	"	"	''
29364	1057	1	If	if	IN
29364	1057	2	the	the	DT
29364	1057	3	banker	banker	NN
29364	1057	4	does	do	VBZ
29364	1057	5	it	-PRON-	PRP
29364	1057	6	,	,	,
29364	1057	7	he	-PRON-	PRP
29364	1057	8	will	will	MD
29364	1057	9	be	be	VB
29364	1057	10	giving	give	VBG
29364	1057	11	over	over	IN
29364	1057	12	the	the	DT
29364	1057	13	only	only	JJ
29364	1057	14	security	security	NN
29364	1057	15	he	-PRON-	PRP
29364	1057	16	has	have	VBZ
29364	1057	17	for	for	IN
29364	1057	18	the	the	DT
29364	1057	19	payment	payment	NN
29364	1057	20	at	at	IN
29364	1057	21	maturity	maturity	NN
29364	1057	22	of	of	IN
29364	1057	23	the	the	DT
29364	1057	24	draft	draft	NN
29364	1057	25	his	-PRON-	PRP$
29364	1057	26	London	London	NNP
29364	1057	27	correspondent	correspondent	NN
29364	1057	28	accepted	accept	VBD
29364	1057	29	,	,	,
29364	1057	30	and	and	CC
29364	1057	31	for	for	IN
29364	1057	32	which	which	WDT
29364	1057	33	he	-PRON-	PRP
29364	1057	34	himself	-PRON-	PRP
29364	1057	35	is	be	VBZ
29364	1057	36	responsible	responsible	JJ
29364	1057	37	.	.	.
29364	1058	1	Still	still	RB
29364	1058	2	,	,	,
29364	1058	3	the	the	DT
29364	1058	4	manufacturer	manufacturer	NN
29364	1058	5	has	have	VBZ
29364	1058	6	to	to	TO
29364	1058	7	have	have	VB
29364	1058	8	his	-PRON-	PRP$
29364	1058	9	silk	silk	NN
29364	1058	10	.	.	.
29364	1059	1	A	a	DT
29364	1059	2	number	number	NN
29364	1059	3	of	of	IN
29364	1059	4	different	different	JJ
29364	1059	5	agreements	agreement	NNS
29364	1059	6	exist	exist	VBP
29364	1059	7	between	between	IN
29364	1059	8	bankers	banker	NNS
29364	1059	9	and	and	CC
29364	1059	10	importers	importer	NNS
29364	1059	11	to	to	TO
29364	1059	12	whom	whom	WP
29364	1059	13	the	the	DT
29364	1059	14	bankers	banker	NNS
29364	1059	15	issue	issue	NN
29364	1059	16	credits	credit	NNS
29364	1059	17	,	,	,
29364	1059	18	as	as	IN
29364	1059	19	to	to	IN
29364	1059	20	the	the	DT
29364	1059	21	terms	term	NNS
29364	1059	22	on	on	IN
29364	1059	23	which	which	WDT
29364	1059	24	the	the	DT
29364	1059	25	importers	importer	NNS
29364	1059	26	are	be	VBP
29364	1059	27	to	to	TO
29364	1059	28	be	be	VB
29364	1059	29	allowed	allow	VBN
29364	1059	30	to	to	TO
29364	1059	31	take	take	VB
29364	1059	32	possession	possession	NN
29364	1059	33	of	of	IN
29364	1059	34	the	the	DT
29364	1059	35	merchandise	merchandise	NN
29364	1059	36	when	when	WRB
29364	1059	37	it	-PRON-	PRP
29364	1059	38	arrives	arrive	VBZ
29364	1059	39	here	here	RB
29364	1059	40	.	.	.
29364	1060	1	Sometimes	sometimes	RB
29364	1060	2	the	the	DT
29364	1060	3	goods	good	NNS
29364	1060	4	are	be	VBP
29364	1060	5	put	put	VBN
29364	1060	6	into	into	IN
29364	1060	7	store	store	NN
29364	1060	8	and	and	CC
29364	1060	9	handed	hand	VBD
29364	1060	10	over	over	RP
29364	1060	11	to	to	IN
29364	1060	12	the	the	DT
29364	1060	13	merchant	merchant	NN
29364	1060	14	only	only	RB
29364	1060	15	when	when	WRB
29364	1060	16	he	-PRON-	PRP
29364	1060	17	shows	show	VBZ
29364	1060	18	that	that	IN
29364	1060	19	he	-PRON-	PRP
29364	1060	20	has	have	VBZ
29364	1060	21	sold	sell	VBN
29364	1060	22	them	-PRON-	PRP
29364	1060	23	and	and	CC
29364	1060	24	needs	need	VBZ
29364	1060	25	them	-PRON-	PRP
29364	1060	26	to	to	TO
29364	1060	27	make	make	VB
29364	1060	28	delivery	delivery	NN
29364	1060	29	.	.	.
29364	1061	1	Sometimes	sometimes	RB
29364	1061	2	they	-PRON-	PRP
29364	1061	3	are	be	VBP
29364	1061	4	warehoused	warehouse	VBN
29364	1061	5	at	at	IN
29364	1061	6	once	once	RB
29364	1061	7	,	,	,
29364	1061	8	and	and	CC
29364	1061	9	parcelled	parcel	VBD
29364	1061	10	out	out	RP
29364	1061	11	to	to	IN
29364	1061	12	the	the	DT
29364	1061	13	importer	importer	NN
29364	1061	14	only	only	RB
29364	1061	15	in	in	IN
29364	1061	16	small	small	JJ
29364	1061	17	lots	lot	NNS
29364	1061	18	,	,	,
29364	1061	19	as	as	IN
29364	1061	20	he	-PRON-	PRP
29364	1061	21	needs	need	VBZ
29364	1061	22	them	-PRON-	PRP
29364	1061	23	.	.	.
29364	1062	1	But	but	CC
29364	1062	2	more	more	RBR
29364	1062	3	often	often	RB
29364	1062	4	the	the	DT
29364	1062	5	goods	good	NNS
29364	1062	6	are	be	VBP
29364	1062	7	delivered	deliver	VBN
29364	1062	8	over	over	RP
29364	1062	9	to	to	IN
29364	1062	10	the	the	DT
29364	1062	11	importer	importer	NN
29364	1062	12	on	on	IN
29364	1062	13	his	-PRON-	PRP$
29364	1062	14	signing	sign	VBG
29364	1062	15	one	one	CD
29364	1062	16	form	form	NN
29364	1062	17	or	or	CC
29364	1062	18	other	other	JJ
29364	1062	19	of	of	IN
29364	1062	20	what	what	WP
29364	1062	21	is	be	VBZ
29364	1062	22	known	know	VBN
29364	1062	23	as	as	IN
29364	1062	24	a	a	DT
29364	1062	25	"	"	``
29364	1062	26	trust	trust	NN
29364	1062	27	receipt	receipt	NN
29364	1062	28	.	.	.
29364	1062	29	"	"	''
29364	1063	1	[	[	-LRB-
29364	1063	2	Illustration	illustration	NN
29364	1063	3	:	:	:
29364	1063	4	Form	Form	NNP
29364	1063	5	of	of	IN
29364	1063	6	Trust	Trust	NNP
29364	1063	7	Receipt	Receipt	NNP
29364	1063	8	]	]	-RRB-
29364	1063	9	[	[	-LRB-
29364	1063	10	Illustration	illustration	NN
29364	1063	11	:	:	:
29364	1063	12	Form	Form	NNP
29364	1063	13	of	of	IN
29364	1063	14	Bailee	Bailee	NNP
29364	1063	15	Receipt	Receipt	NNP
29364	1063	16	]	]	-RRB-
29364	1063	17	Such	such	JJ
29364	1063	18	difference	difference	NN
29364	1063	19	of	of	IN
29364	1063	20	opinion	opinion	NN
29364	1063	21	exists	exist	VBZ
29364	1063	22	among	among	IN
29364	1063	23	foreign	foreign	JJ
29364	1063	24	exchange	exchange	NN
29364	1063	25	men	man	NNS
29364	1063	26	as	as	IN
29364	1063	27	to	to	IN
29364	1063	28	the	the	DT
29364	1063	29	goodness	goodness	NN
29364	1063	30	of	of	IN
29364	1063	31	the	the	DT
29364	1063	32	trust	trust	NN
29364	1063	33	receipt	receipt	NN
29364	1063	34	system	system	NN
29364	1063	35	that	that	IN
29364	1063	36	the	the	DT
29364	1063	37	author	author	NN
29364	1063	38	refrains	refrain	VBZ
29364	1063	39	from	from	IN
29364	1063	40	making	make	VBG
29364	1063	41	comment	comment	NN
29364	1063	42	on	on	IN
29364	1063	43	it	-PRON-	PRP
29364	1063	44	,	,	,
29364	1063	45	confining	confine	VBG
29364	1063	46	himself	-PRON-	PRP
29364	1063	47	strictly	strictly	RB
29364	1063	48	to	to	IN
29364	1063	49	description	description	NN
29364	1063	50	of	of	IN
29364	1063	51	what	what	WP
29364	1063	52	the	the	DT
29364	1063	53	system	system	NN
29364	1063	54	is	be	VBZ
29364	1063	55	.	.	.
29364	1064	1	As	as	IN
29364	1064	2	will	will	MD
29364	1064	3	be	be	VB
29364	1064	4	seen	see	VBN
29364	1064	5	from	from	IN
29364	1064	6	the	the	DT
29364	1064	7	accompanying	accompany	VBG
29364	1064	8	reprint	reprint	NN
29364	1064	9	of	of	IN
29364	1064	10	the	the	DT
29364	1064	11	trust	trust	NN
29364	1064	12	receipt	receipt	NN
29364	1064	13	used	use	VBN
29364	1064	14	by	by	IN
29364	1064	15	one	one	CD
29364	1064	16	of	of	IN
29364	1064	17	the	the	DT
29364	1064	18	largest	large	JJS
29364	1064	19	issuers	issuer	NNS
29364	1064	20	of	of	IN
29364	1064	21	commercial	commercial	JJ
29364	1064	22	credits	credit	NNS
29364	1064	23	in	in	IN
29364	1064	24	the	the	DT
29364	1064	25	country	country	NN
29364	1064	26	,	,	,
29364	1064	27	the	the	DT
29364	1064	28	document	document	NN
29364	1064	29	is	be	VBZ
29364	1064	30	simply	simply	RB
29364	1064	31	a	a	DT
29364	1064	32	pledge	pledge	NN
29364	1064	33	on	on	IN
29364	1064	34	the	the	DT
29364	1064	35	part	part	NN
29364	1064	36	of	of	IN
29364	1064	37	the	the	DT
29364	1064	38	importer	importer	NN
29364	1064	39	to	to	TO
29364	1064	40	hold	hold	VB
29364	1064	41	the	the	DT
29364	1064	42	merchandise	merchandise	NN
29364	1064	43	in	in	IN
29364	1064	44	trust	trust	NN
29364	1064	45	for	for	IN
29364	1064	46	the	the	DT
29364	1064	47	banker	banker	NN
29364	1064	48	,	,	,
29364	1064	49	and	and	CC
29364	1064	50	,	,	,
29364	1064	51	as	as	IN
29364	1064	52	the	the	DT
29364	1064	53	merchandise	merchandise	NN
29364	1064	54	is	be	VBZ
29364	1064	55	sold	sell	VBN
29364	1064	56	,	,	,
29364	1064	57	to	to	TO
29364	1064	58	hand	hand	VB
29364	1064	59	over	over	RP
29364	1064	60	the	the	DT
29364	1064	61	proceeds	proceed	NNS
29364	1064	62	to	to	TO
29364	1064	63	apply	apply	VB
29364	1064	64	against	against	IN
29364	1064	65	the	the	DT
29364	1064	66	draft	draft	NN
29364	1064	67	drawn	draw	VBN
29364	1064	68	by	by	IN
29364	1064	69	the	the	DT
29364	1064	70	shipper	shipper	NN
29364	1064	71	of	of	IN
29364	1064	72	the	the	DT
29364	1064	73	goods	good	NNS
29364	1064	74	.	.	.
29364	1065	1	The	the	DT
29364	1065	2	theory	theory	NN
29364	1065	3	of	of	IN
29364	1065	4	the	the	DT
29364	1065	5	thing	thing	NN
29364	1065	6	is	be	VBZ
29364	1065	7	that	that	IN
29364	1065	8	by	by	IN
29364	1065	9	the	the	DT
29364	1065	10	time	time	NN
29364	1065	11	all	all	PDT
29364	1065	12	the	the	DT
29364	1065	13	merchandise	merchandise	NN
29364	1065	14	has	have	VBZ
29364	1065	15	been	be	VBN
29364	1065	16	sold	sell	VBN
29364	1065	17	more	more	JJR
29364	1065	18	than	than	IN
29364	1065	19	enough	enough	JJ
29364	1065	20	money	money	NN
29364	1065	21	will	will	MD
29364	1065	22	have	have	VB
29364	1065	23	been	be	VBN
29364	1065	24	handed	hand	VBN
29364	1065	25	over	over	RP
29364	1065	26	to	to	IN
29364	1065	27	the	the	DT
29364	1065	28	New	New	NNP
29364	1065	29	York	York	NNP
29364	1065	30	banker	banker	NN
29364	1065	31	to	to	TO
29364	1065	32	take	take	VB
29364	1065	33	care	care	NN
29364	1065	34	of	of	IN
29364	1065	35	the	the	DT
29364	1065	36	draft	draft	NN
29364	1065	37	accepted	accept	VBN
29364	1065	38	by	by	IN
29364	1065	39	his	-PRON-	PRP$
29364	1065	40	London	London	NNP
29364	1065	41	correspondent	correspondent	NN
29364	1065	42	,	,	,
29364	1065	43	the	the	DT
29364	1065	44	excess	excess	JJ
29364	1065	45	constituting	constitute	VBG
29364	1065	46	the	the	DT
29364	1065	47	importer	importer	NN
29364	1065	48	's	's	POS
29364	1065	49	profit	profit	NN
29364	1065	50	.	.	.
29364	1066	1	The	the	DT
29364	1066	2	kind	kind	NN
29364	1066	3	of	of	IN
29364	1066	4	trust	trust	NN
29364	1066	5	receipt	receipt	NN
29364	1066	6	under	under	IN
29364	1066	7	which	which	WDT
29364	1066	8	bankers	banker	NNS
29364	1066	9	are	be	VBP
29364	1066	10	willing	willing	JJ
29364	1066	11	to	to	TO
29364	1066	12	give	give	VB
29364	1066	13	over	over	IN
29364	1066	14	the	the	DT
29364	1066	15	merchandise	merchandise	NN
29364	1066	16	(	(	-LRB-
29364	1066	17	the	the	DT
29364	1066	18	only	only	JJ
29364	1066	19	collateral	collateral	NN
29364	1066	20	they	-PRON-	PRP
29364	1066	21	have	have	VBP
29364	1066	22	)	)	-RRB-
29364	1066	23	naturally	naturally	RB
29364	1066	24	varies	vary	VBZ
29364	1066	25	according	accord	VBG
29364	1066	26	to	to	IN
29364	1066	27	the	the	DT
29364	1066	28	standing	standing	NN
29364	1066	29	of	of	IN
29364	1066	30	the	the	DT
29364	1066	31	house	house	NN
29364	1066	32	in	in	IN
29364	1066	33	question	question	NN
29364	1066	34	.	.	.
29364	1067	1	In	in	IN
29364	1067	2	the	the	DT
29364	1067	3	case	case	NN
29364	1067	4	of	of	IN
29364	1067	5	some	some	DT
29364	1067	6	importers	importer	NNS
29364	1067	7	the	the	DT
29364	1067	8	bankers	banker	NNS
29364	1067	9	would	would	MD
29364	1067	10	be	be	VB
29364	1067	11	willing	willing	JJ
29364	1067	12	to	to	TO
29364	1067	13	let	let	VB
29364	1067	14	the	the	DT
29364	1067	15	bill	bill	NN
29364	1067	16	of	of	IN
29364	1067	17	lading	lading	NN
29364	1067	18	pass	pass	VB
29364	1067	19	out	out	IN
29364	1067	20	of	of	IN
29364	1067	21	their	-PRON-	PRP$
29364	1067	22	hands	hand	NNS
29364	1067	23	on	on	IN
29364	1067	24	almost	almost	RB
29364	1067	25	any	any	DT
29364	1067	26	kind	kind	NN
29364	1067	27	of	of	IN
29364	1067	28	a	a	DT
29364	1067	29	receipt	receipt	NN
29364	1067	30	;	;	:
29364	1067	31	in	in	IN
29364	1067	32	the	the	DT
29364	1067	33	case	case	NN
29364	1067	34	of	of	IN
29364	1067	35	others	other	NNS
29364	1067	36	a	a	DT
29364	1067	37	very	very	RB
29364	1067	38	strict	strict	JJ
29364	1067	39	and	and	CC
29364	1067	40	binding	binding	JJ
29364	1067	41	contract	contract	NN
29364	1067	42	is	be	VBZ
29364	1067	43	invariably	invariably	RB
29364	1067	44	signed	sign	VBN
29364	1067	45	.	.	.
29364	1068	1	But	but	CC
29364	1068	2	whatever	whatever	WDT
29364	1068	3	the	the	DT
29364	1068	4	form	form	NN
29364	1068	5	of	of	IN
29364	1068	6	the	the	DT
29364	1068	7	contract	contract	NN
29364	1068	8	,	,	,
29364	1068	9	it	-PRON-	PRP
29364	1068	10	is	be	VBZ
29364	1068	11	to	to	TO
29364	1068	12	be	be	VB
29364	1068	13	borne	bear	VBN
29364	1068	14	in	in	IN
29364	1068	15	mind	mind	NN
29364	1068	16	that	that	IN
29364	1068	17	when	when	WRB
29364	1068	18	the	the	DT
29364	1068	19	banker	banker	NN
29364	1068	20	issuing	issue	VBG
29364	1068	21	the	the	DT
29364	1068	22	credit	credit	NN
29364	1068	23	hands	hand	NNS
29364	1068	24	over	over	IN
29364	1068	25	the	the	DT
29364	1068	26	bill	bill	NN
29364	1068	27	of	of	IN
29364	1068	28	lading	lade	VBG
29364	1068	29	to	to	IN
29364	1068	30	the	the	DT
29364	1068	31	importer	importer	NN
29364	1068	32	on	on	IN
29364	1068	33	trust	trust	NN
29364	1068	34	receipt	receipt	NN
29364	1068	35	,	,	,
29364	1068	36	he	-PRON-	PRP
29364	1068	37	is	be	VBZ
29364	1068	38	allowing	allow	VBG
29364	1068	39	the	the	DT
29364	1068	40	only	only	JJ
29364	1068	41	security	security	NN
29364	1068	42	he	-PRON-	PRP
29364	1068	43	has	have	VBZ
29364	1068	44	to	to	TO
29364	1068	45	pass	pass	VB
29364	1068	46	out	out	IN
29364	1068	47	of	of	IN
29364	1068	48	his	-PRON-	PRP$
29364	1068	49	hands	hand	NNS
29364	1068	50	,	,	,
29364	1068	51	and	and	CC
29364	1068	52	is	be	VBZ
29364	1068	53	putting	put	VBG
29364	1068	54	himself	-PRON-	PRP
29364	1068	55	in	in	IN
29364	1068	56	the	the	DT
29364	1068	57	position	position	NN
29364	1068	58	of	of	IN
29364	1068	59	having	have	VBG
29364	1068	60	made	make	VBN
29364	1068	61	an	an	DT
29364	1068	62	unsecured	unsecured	JJ
29364	1068	63	loan	loan	NN
29364	1068	64	to	to	IN
29364	1068	65	the	the	DT
29364	1068	66	importer	importer	NN
29364	1068	67	.	.	.
29364	1069	1	Returning	return	VBG
29364	1069	2	now	now	RB
29364	1069	3	to	to	IN
29364	1069	4	the	the	DT
29364	1069	5	particular	particular	JJ
29364	1069	6	transaction	transaction	NN
29364	1069	7	in	in	IN
29364	1069	8	question	question	NN
29364	1069	9	,	,	,
29364	1069	10	the	the	DT
29364	1069	11	point	point	NN
29364	1069	12	has	have	VBZ
29364	1069	13	been	be	VBN
29364	1069	14	reached	reach	VBN
29364	1069	15	where	where	WRB
29364	1069	16	the	the	DT
29364	1069	17	silk	silk	NN
29364	1069	18	is	be	VBZ
29364	1069	19	in	in	IN
29364	1069	20	the	the	DT
29364	1069	21	importer	importer	NN
29364	1069	22	's	's	POS
29364	1069	23	hands	hand	NNS
29364	1069	24	,	,	,
29364	1069	25	that	that	WDT
29364	1069	26	result	result	NN
29364	1069	27	having	have	VBG
29364	1069	28	been	be	VBN
29364	1069	29	accomplished	accomplish	VBN
29364	1069	30	without	without	IN
29364	1069	31	the	the	DT
29364	1069	32	importer	importer	NN
29364	1069	33	having	have	VBG
29364	1069	34	put	put	VBN
29364	1069	35	up	up	RP
29364	1069	36	a	a	DT
29364	1069	37	cent	cent	NN
29364	1069	38	of	of	IN
29364	1069	39	money	money	NN
29364	1069	40	.	.	.
29364	1070	1	Moreover	moreover	RB
29364	1070	2	,	,	,
29364	1070	3	for	for	IN
29364	1070	4	nearly	nearly	RB
29364	1070	5	four	four	CD
29364	1070	6	months	month	NNS
29364	1070	7	to	to	TO
29364	1070	8	come	come	VB
29364	1070	9	there	there	EX
29364	1070	10	will	will	MD
29364	1070	11	be	be	VB
29364	1070	12	no	no	DT
29364	1070	13	necessity	necessity	NN
29364	1070	14	of	of	IN
29364	1070	15	the	the	DT
29364	1070	16	importer	importer	NN
29364	1070	17	's	's	POS
29364	1070	18	putting	put	VBG
29364	1070	19	up	up	RP
29364	1070	20	any	any	DT
29364	1070	21	money	money	NN
29364	1070	22	(	(	-LRB-
29364	1070	23	unless	unless	IN
29364	1070	24	he	-PRON-	PRP
29364	1070	25	should	should	MD
29364	1070	26	sell	sell	VB
29364	1070	27	some	some	DT
29364	1070	28	of	of	IN
29364	1070	29	the	the	DT
29364	1070	30	silk	silk	NN
29364	1070	31	,	,	,
29364	1070	32	in	in	IN
29364	1070	33	which	which	WDT
29364	1070	34	case	case	NN
29364	1070	35	he	-PRON-	PRP
29364	1070	36	is	be	VBZ
29364	1070	37	bound	bind	VBN
29364	1070	38	to	to	TO
29364	1070	39	turn	turn	VB
29364	1070	40	over	over	RP
29364	1070	41	the	the	DT
29364	1070	42	money	money	NN
29364	1070	43	to	to	IN
29364	1070	44	the	the	DT
29364	1070	45	New	New	NNP
29364	1070	46	York	York	NNP
29364	1070	47	banker	banker	NN
29364	1070	48	as	as	IN
29364	1070	49	a	a	DT
29364	1070	50	"	"	``
29364	1070	51	prepayment	prepayment	NN
29364	1070	52	"	"	''
29364	1070	53	)	)	-RRB-
29364	1070	54	.	.	.
29364	1071	1	But	but	CC
29364	1071	2	in	in	IN
29364	1071	3	the	the	DT
29364	1071	4	ordinary	ordinary	JJ
29364	1071	5	course	course	NN
29364	1071	6	of	of	IN
29364	1071	7	events	event	NNS
29364	1071	8	the	the	DT
29364	1071	9	importer	importer	NN
29364	1071	10	of	of	IN
29364	1071	11	the	the	DT
29364	1071	12	silk	silk	NN
29364	1071	13	has	have	VBZ
29364	1071	14	nearly	nearly	RB
29364	1071	15	the	the	DT
29364	1071	16	four	four	CD
29364	1071	17	full	full	JJ
29364	1071	18	months	month	NNS
29364	1071	19	in	in	IN
29364	1071	20	which	which	WDT
29364	1071	21	to	to	TO
29364	1071	22	fabricate	fabricate	VB
29364	1071	23	the	the	DT
29364	1071	24	goods	good	NNS
29364	1071	25	and	and	CC
29364	1071	26	sell	sell	VB
29364	1071	27	them	-PRON-	PRP
29364	1071	28	.	.	.
29364	1072	1	At	at	IN
29364	1072	2	the	the	DT
29364	1072	3	end	end	NN
29364	1072	4	of	of	IN
29364	1072	5	that	that	DT
29364	1072	6	time	time	NN
29364	1072	7	the	the	DT
29364	1072	8	draft	draft	NN
29364	1072	9	drawn	draw	VBN
29364	1072	10	by	by	IN
29364	1072	11	the	the	DT
29364	1072	12	firm	firm	NN
29364	1072	13	in	in	IN
29364	1072	14	Canton	Canton	NNP
29364	1072	15	and	and	CC
29364	1072	16	accepted	accept	VBN
29364	1072	17	by	by	IN
29364	1072	18	the	the	DT
29364	1072	19	Guaranty	Guaranty	NNP
29364	1072	20	Trust	Trust	NNP
29364	1072	21	Co.	Co.	NNP
29364	1072	22	,	,	,
29364	1072	23	London	London	NNP
29364	1072	24	,	,	,
29364	1072	25	will	will	MD
29364	1072	26	be	be	VB
29364	1072	27	coming	come	VBG
29364	1072	28	due	due	JJ
29364	1072	29	,	,	,
29364	1072	30	and	and	CC
29364	1072	31	the	the	DT
29364	1072	32	silk	silk	NN
29364	1072	33	importer	importer	NN
29364	1072	34	will	will	MD
29364	1072	35	be	be	VB
29364	1072	36	under	under	IN
29364	1072	37	the	the	DT
29364	1072	38	necessity	necessity	NN
29364	1072	39	of	of	IN
29364	1072	40	remitting	remit	VBG
29364	1072	41	funds	fund	NNS
29364	1072	42	to	to	TO
29364	1072	43	meet	meet	VB
29364	1072	44	it	-PRON-	PRP
29364	1072	45	.	.	.
29364	1073	1	Twelve	twelve	CD
29364	1073	2	days	day	NNS
29364	1073	3	before	before	IN
29364	1073	4	the	the	DT
29364	1073	5	actual	actual	JJ
29364	1073	6	maturity	maturity	NN
29364	1073	7	of	of	IN
29364	1073	8	the	the	DT
29364	1073	9	£	£	$
29364	1073	10	1,000	1,000	CD
29364	1073	11	draft	draft	NN
29364	1073	12	in	in	IN
29364	1073	13	London	London	NNP
29364	1073	14	,	,	,
29364	1073	15	the	the	DT
29364	1073	16	New	New	NNP
29364	1073	17	York	York	NNP
29364	1073	18	banker	banker	NN
29364	1073	19	will	will	MD
29364	1073	20	send	send	VB
29364	1073	21	to	to	IN
29364	1073	22	the	the	DT
29364	1073	23	manufacturer	manufacturer	NN
29364	1073	24	in	in	IN
29364	1073	25	Paterson	Paterson	NNP
29364	1073	26	a	a	DT
29364	1073	27	memorandum	memorandum	NN
29364	1073	28	for	for	IN
29364	1073	29	£	£	$
29364	1073	30	1,000	1,000	CD
29364	1073	31	at	at	IN
29364	1073	32	,	,	,
29364	1073	33	say	say	UH
29364	1073	34	,	,	,
29364	1073	35	4.86	4.86	CD
29364	1073	36	(	(	-LRB-
29364	1073	37	whatever	whatever	WDT
29364	1073	38	is	be	VBZ
29364	1073	39	the	the	DT
29364	1073	40	current	current	JJ
29364	1073	41	rate	rate	NN
29364	1073	42	)	)	-RRB-
29364	1073	43	plus	plus	CC
29364	1073	44	commission	commission	NN
29364	1073	45	.	.	.
29364	1074	1	The	the	DT
29364	1074	2	silk	silk	NN
29364	1074	3	firm	firm	NN
29364	1074	4	pays	pay	VBZ
29364	1074	5	in	in	IN
29364	1074	6	dollars	dollar	NNS
29364	1074	7	;	;	:
29364	1074	8	the	the	DT
29364	1074	9	New	New	NNP
29364	1074	10	York	York	NNP
29364	1074	11	banker	banker	NN
29364	1074	12	uses	use	VBZ
29364	1074	13	the	the	DT
29364	1074	14	dollars	dollar	NNS
29364	1074	15	to	to	TO
29364	1074	16	buy	buy	VB
29364	1074	17	a	a	DT
29364	1074	18	demand	demand	NN
29364	1074	19	draft	draft	NN
29364	1074	20	for	for	IN
29364	1074	21	£	£	$
29364	1074	22	1,000	1,000	CD
29364	1074	23	;	;	:
29364	1074	24	a	a	DT
29364	1074	25	day	day	NN
29364	1074	26	or	or	CC
29364	1074	27	two	two	CD
29364	1074	28	before	before	IN
29364	1074	29	the	the	DT
29364	1074	30	four	four	CD
29364	1074	31	months	month	NNS
29364	1074	32	'	'	POS
29364	1074	33	sight	sight	NN
29364	1074	34	draft	draft	NN
29364	1074	35	comes	come	VBZ
29364	1074	36	due	due	JJ
29364	1074	37	in	in	IN
29364	1074	38	London	London	NNP
29364	1074	39	this	this	DT
29364	1074	40	demand	demand	NN
29364	1074	41	draft	draft	NN
29364	1074	42	(	(	-LRB-
29364	1074	43	"	"	``
29364	1074	44	cover	cover	NN
29364	1074	45	"	"	''
29364	1074	46	)	)	-RRB-
29364	1074	47	is	be	VBZ
29364	1074	48	received	receive	VBN
29364	1074	49	in	in	IN
29364	1074	50	London	London	NNP
29364	1074	51	from	from	IN
29364	1074	52	New	New	NNP
29364	1074	53	York	York	NNP
29364	1074	54	,	,	,
29364	1074	55	and	and	CC
29364	1074	56	the	the	DT
29364	1074	57	whole	whole	JJ
29364	1074	58	operation	operation	NN
29364	1074	59	is	be	VBZ
29364	1074	60	closed	closed	JJ
29364	1074	61	.	.	.
29364	1075	1	It	-PRON-	PRP
29364	1075	2	has	have	VBZ
29364	1075	3	been	be	VBN
29364	1075	4	deemed	deem	VBN
29364	1075	5	advisable	advisable	JJ
29364	1075	6	to	to	TO
29364	1075	7	set	set	VB
29364	1075	8	forth	forth	RP
29364	1075	9	the	the	DT
29364	1075	10	whole	whole	JJ
29364	1075	11	course	course	NN
29364	1075	12	of	of	IN
29364	1075	13	one	one	CD
29364	1075	14	of	of	IN
29364	1075	15	these	these	DT
29364	1075	16	import	import	NN
29364	1075	17	-	-	HYPH
29364	1075	18	financing	financing	NN
29364	1075	19	transactions	transaction	NNS
29364	1075	20	,	,	,
29364	1075	21	in	in	IN
29364	1075	22	order	order	NN
29364	1075	23	that	that	IN
29364	1075	24	each	each	DT
29364	1075	25	successive	successive	JJ
29364	1075	26	step	step	NN
29364	1075	27	may	may	MD
29364	1075	28	be	be	VB
29364	1075	29	clearly	clearly	RB
29364	1075	30	understood	understand	VBN
29364	1075	31	.	.	.
29364	1076	1	The	the	DT
29364	1076	2	question	question	NN
29364	1076	3	of	of	IN
29364	1076	4	just	just	RB
29364	1076	5	_	_	NNP
29364	1076	6	why	why	WRB
29364	1076	7	_	_	NNP
29364	1076	8	this	this	DT
29364	1076	9	credit	credit	NN
29364	1076	10	business	business	NN
29364	1076	11	is	be	VBZ
29364	1076	12	worked	work	VBN
29364	1076	13	as	as	IN
29364	1076	14	it	-PRON-	PRP
29364	1076	15	is	be	VBZ
29364	1076	16	will	will	MD
29364	1076	17	now	now	RB
29364	1076	18	be	be	VB
29364	1076	19	taken	take	VBN
29364	1076	20	up	up	RP
29364	1076	21	.	.	.
29364	1077	1	The	the	DT
29364	1077	2	whole	whole	JJ
29364	1077	3	purpose	purpose	NN
29364	1077	4	of	of	IN
29364	1077	5	the	the	DT
29364	1077	6	business	business	NN
29364	1077	7	,	,	,
29364	1077	8	it	-PRON-	PRP
29364	1077	9	is	be	VBZ
29364	1077	10	plain	plain	JJ
29364	1077	11	enough	enough	RB
29364	1077	12	,	,	,
29364	1077	13	is	be	VBZ
29364	1077	14	to	to	TO
29364	1077	15	give	give	VB
29364	1077	16	the	the	DT
29364	1077	17	importer	importer	NN
29364	1077	18	here	here	RB
29364	1077	19	a	a	DT
29364	1077	20	chance	chance	NN
29364	1077	21	to	to	TO
29364	1077	22	bring	bring	VB
29364	1077	23	in	in	RP
29364	1077	24	goods	good	NNS
29364	1077	25	without	without	IN
29364	1077	26	putting	put	VBG
29364	1077	27	up	up	RP
29364	1077	28	any	any	DT
29364	1077	29	actual	actual	JJ
29364	1077	30	money	money	NN
29364	1077	31	--	--	:
29364	1077	32	in	in	IN
29364	1077	33	other	other	JJ
29364	1077	34	words	word	NNS
29364	1077	35	,	,	,
29364	1077	36	of	of	IN
29364	1077	37	letting	let	VBG
29364	1077	38	him	-PRON-	PRP
29364	1077	39	use	use	VB
29364	1077	40	a	a	DT
29364	1077	41	larger	large	JJR
29364	1077	42	capital	capital	NN
29364	1077	43	than	than	IN
29364	1077	44	he	-PRON-	PRP
29364	1077	45	is	be	VBZ
29364	1077	46	actually	actually	RB
29364	1077	47	possessed	possess	VBN
29364	1077	48	of	of	IN
29364	1077	49	.	.	.
29364	1078	1	There	there	EX
29364	1078	2	are	be	VBP
29364	1078	3	persons	person	NNS
29364	1078	4	so	so	RB
29364	1078	5	conservative	conservative	JJ
29364	1078	6	as	as	IN
29364	1078	7	to	to	TO
29364	1078	8	consider	consider	VB
29364	1078	9	this	this	DT
29364	1078	10	in	in	IN
29364	1078	11	itself	-PRON-	PRP
29364	1078	12	a	a	DT
29364	1078	13	wrong	wrong	JJ
29364	1078	14	idea	idea	NN
29364	1078	15	,	,	,
29364	1078	16	but	but	CC
29364	1078	17	with	with	IN
29364	1078	18	business	business	NN
29364	1078	19	carried	carry	VBN
29364	1078	20	on	on	RP
29364	1078	21	along	along	IN
29364	1078	22	the	the	DT
29364	1078	23	lines	line	NNS
29364	1078	24	on	on	IN
29364	1078	25	which	which	WDT
29364	1078	26	it	-PRON-	PRP
29364	1078	27	is	be	VBZ
29364	1078	28	actually	actually	RB
29364	1078	29	done	do	VBN
29364	1078	30	nowadays	nowadays	RB
29364	1078	31	,	,	,
29364	1078	32	bank	bank	NN
29364	1078	33	credits	credit	NNS
29364	1078	34	play	play	VBP
29364	1078	35	so	so	RB
29364	1078	36	important	important	JJ
29364	1078	37	a	a	DT
29364	1078	38	part	part	NN
29364	1078	39	that	that	IN
29364	1078	40	conservatism	conservatism	NN
29364	1078	41	of	of	IN
29364	1078	42	this	this	DT
29364	1078	43	order	order	NN
29364	1078	44	has	have	VBZ
29364	1078	45	little	little	JJ
29364	1078	46	place	place	NN
29364	1078	47	.	.	.
29364	1079	1	Theory	theory	NN
29364	1079	2	and	and	CC
29364	1079	3	practice	practice	NN
29364	1079	4	prove	prove	VBP
29364	1079	5	that	that	IN
29364	1079	6	there	there	EX
29364	1079	7	is	be	VBZ
29364	1079	8	no	no	DT
29364	1079	9	reason	reason	NN
29364	1079	10	why	why	WRB
29364	1079	11	a	a	DT
29364	1079	12	silk	silk	NN
29364	1079	13	importer	importer	NN
29364	1079	14	,	,	,
29364	1079	15	for	for	IN
29364	1079	16	instance	instance	NN
29364	1079	17	,	,	,
29364	1079	18	with	with	IN
29364	1079	19	a	a	DT
29364	1079	20	capital	capital	NN
29364	1079	21	of	of	IN
29364	1079	22	$	$	$
29364	1079	23	100,000	100,000	CD
29364	1079	24	should	should	MD
29364	1079	25	not	not	RB
29364	1079	26	be	be	VB
29364	1079	27	able	able	JJ
29364	1079	28	to	to	TO
29364	1079	29	use	use	VB
29364	1079	30	safely	safely	RB
29364	1079	31	a	a	DT
29364	1079	32	credit	credit	NN
29364	1079	33	of	of	IN
29364	1079	34	as	as	RB
29364	1079	35	much	much	RB
29364	1079	36	more	more	JJR
29364	1079	37	than	than	IN
29364	1079	38	that	that	DT
29364	1079	39	,	,	,
29364	1079	40	the	the	DT
29364	1079	41	standing	standing	NN
29364	1079	42	and	and	CC
29364	1079	43	credit	credit	NN
29364	1079	44	of	of	IN
29364	1079	45	the	the	DT
29364	1079	46	firm	firm	NN
29364	1079	47	being	be	VBG
29364	1079	48	always	always	RB
29364	1079	49	the	the	DT
29364	1079	50	prime	prime	JJ
29364	1079	51	consideration	consideration	NN
29364	1079	52	.	.	.
29364	1080	1	Granted	grant	VBN
29364	1080	2	that	that	IN
29364	1080	3	a	a	DT
29364	1080	4	manufacturer	manufacturer	NN
29364	1080	5	stands	stand	VBZ
29364	1080	6	well	well	RB
29364	1080	7	and	and	CC
29364	1080	8	is	be	VBZ
29364	1080	9	doing	do	VBG
29364	1080	10	a	a	DT
29364	1080	11	safe	safe	JJ
29364	1080	12	,	,	,
29364	1080	13	non	non	JJ
29364	1080	14	-	-	JJ
29364	1080	15	speculative	speculative	JJ
29364	1080	16	business	business	NN
29364	1080	17	on	on	IN
29364	1080	18	the	the	DT
29364	1080	19	basis	basis	NN
29364	1080	20	of	of	IN
29364	1080	21	$	$	$
29364	1080	22	100,000	100,000	CD
29364	1080	23	capital	capital	NN
29364	1080	24	,	,	,
29364	1080	25	there	there	EX
29364	1080	26	is	be	VBZ
29364	1080	27	no	no	DT
29364	1080	28	reason	reason	NN
29364	1080	29	why	why	WRB
29364	1080	30	he	-PRON-	PRP
29364	1080	31	should	should	MD
29364	1080	32	not	not	RB
29364	1080	33	be	be	VB
29364	1080	34	able	able	JJ
29364	1080	35	to	to	TO
29364	1080	36	secure	secure	VB
29364	1080	37	an	an	DT
29364	1080	38	import	import	NN
29364	1080	39	credit	credit	NN
29364	1080	40	for	for	IN
29364	1080	41	an	an	DT
29364	1080	42	additional	additional	JJ
29364	1080	43	£	£	$
29364	1080	44	20,000	20,000	CD
29364	1080	45	.	.	.
29364	1081	1	Not	not	RB
29364	1081	2	only	only	RB
29364	1081	3	is	be	VBZ
29364	1081	4	there	there	EX
29364	1081	5	no	no	DT
29364	1081	6	reason	reason	NN
29364	1081	7	why	why	WRB
29364	1081	8	he	-PRON-	PRP
29364	1081	9	should	should	MD
29364	1081	10	not	not	RB
29364	1081	11	get	get	VB
29364	1081	12	it	-PRON-	PRP
29364	1081	13	,	,	,
29364	1081	14	but	but	CC
29364	1081	15	there	there	EX
29364	1081	16	are	be	VBP
29364	1081	17	any	any	DT
29364	1081	18	number	number	NN
29364	1081	19	of	of	IN
29364	1081	20	good	good	JJ
29364	1081	21	banking	banking	NN
29364	1081	22	concerns	concern	NNS
29364	1081	23	only	only	RB
29364	1081	24	too	too	RB
29364	1081	25	glad	glad	JJ
29364	1081	26	to	to	TO
29364	1081	27	furnish	furnish	VB
29364	1081	28	it	-PRON-	PRP
29364	1081	29	to	to	IN
29364	1081	30	him	-PRON-	PRP
29364	1081	31	.	.	.
29364	1082	1	So	so	RB
29364	1082	2	much	much	JJ
29364	1082	3	for	for	IN
29364	1082	4	the	the	DT
29364	1082	5	transaction	transaction	NN
29364	1082	6	from	from	IN
29364	1082	7	the	the	DT
29364	1082	8	importer	importer	NN
29364	1082	9	's	's	POS
29364	1082	10	standpoint	standpoint	NN
29364	1082	11	--	--	:
29364	1082	12	what	what	WP
29364	1082	13	does	do	VBZ
29364	1082	14	the	the	DT
29364	1082	15	seller	seller	NN
29364	1082	16	of	of	IN
29364	1082	17	the	the	DT
29364	1082	18	goods	good	NNS
29364	1082	19	get	get	VBP
29364	1082	20	out	out	IN
29364	1082	21	of	of	IN
29364	1082	22	it	-PRON-	PRP
29364	1082	23	?	?	.
29364	1083	1	Payment	payment	NN
29364	1083	2	for	for	IN
29364	1083	3	his	-PRON-	PRP$
29364	1083	4	goods	good	NNS
29364	1083	5	as	as	RB
29364	1083	6	soon	soon	RB
29364	1083	7	as	as	IN
29364	1083	8	he	-PRON-	PRP
29364	1083	9	is	be	VBZ
29364	1083	10	ready	ready	JJ
29364	1083	11	to	to	TO
29364	1083	12	ship	ship	VB
29364	1083	13	them	-PRON-	PRP
29364	1083	14	.	.	.
29364	1084	1	No	no	DT
29364	1084	2	waiting	wait	VBG
29364	1084	3	for	for	IN
29364	1084	4	a	a	DT
29364	1084	5	remittance	remittance	NN
29364	1084	6	,	,	,
29364	1084	7	no	no	DT
29364	1084	8	drawing	drawing	NN
29364	1084	9	of	of	IN
29364	1084	10	a	a	DT
29364	1084	11	dollar	dollar	NN
29364	1084	12	-	-	HYPH
29364	1084	13	draft	draft	NN
29364	1084	14	on	on	IN
29364	1084	15	an	an	DT
29364	1084	16	obscure	obscure	JJ
29364	1084	17	firm	firm	NN
29364	1084	18	in	in	IN
29364	1084	19	Paterson	Paterson	NNP
29364	1084	20	,	,	,
29364	1084	21	N.J.	New Jersey	NNP
29364	1084	22	,	,	,
29364	1084	23	which	which	WDT
29364	1084	24	no	no	DT
29364	1084	25	Canton	Canton	NNP
29364	1084	26	bank	bank	NN
29364	1084	27	will	will	MD
29364	1084	28	be	be	VB
29364	1084	29	willing	willing	JJ
29364	1084	30	to	to	TO
29364	1084	31	buy	buy	VB
29364	1084	32	at	at	IN
29364	1084	33	any	any	DT
29364	1084	34	price	price	NN
29364	1084	35	.	.	.
29364	1085	1	The	the	DT
29364	1085	2	credit	credit	NN
29364	1085	3	constitutes	constitute	VBZ
29364	1085	4	authority	authority	NN
29364	1085	5	for	for	IN
29364	1085	6	the	the	DT
29364	1085	7	shipper	shipper	NN
29364	1085	8	to	to	TO
29364	1085	9	draw	draw	VB
29364	1085	10	in	in	IN
29364	1085	11	pounds	pound	NNS
29364	1085	12	sterling	sterling	NN
29364	1085	13	on	on	IN
29364	1085	14	London	London	NNP
29364	1085	15	--	--	:
29364	1085	16	the	the	DT
29364	1085	17	one	one	CD
29364	1085	18	kind	kind	NN
29364	1085	19	of	of	IN
29364	1085	20	draft	draft	NN
29364	1085	21	which	which	WDT
29364	1085	22	he	-PRON-	PRP
29364	1085	23	can	can	MD
29364	1085	24	always	always	RB
29364	1085	25	be	be	VB
29364	1085	26	sure	sure	JJ
29364	1085	27	of	of	IN
29364	1085	28	turning	turn	VBG
29364	1085	29	at	at	RP
29364	1085	30	once	once	RB
29364	1085	31	into	into	IN
29364	1085	32	local	local	JJ
29364	1085	33	currency	currency	NN
29364	1085	34	and	and	CC
29364	1085	35	at	at	IN
29364	1085	36	the	the	DT
29364	1085	37	most	most	RBS
29364	1085	38	favorable	favorable	JJ
29364	1085	39	rate	rate	NN
29364	1085	40	of	of	IN
29364	1085	41	exchange	exchange	NN
29364	1085	42	.	.	.
29364	1086	1	He	-PRON-	PRP
29364	1086	2	ships	ship	VBZ
29364	1086	3	the	the	DT
29364	1086	4	goods	good	NNS
29364	1086	5	,	,	,
29364	1086	6	he	-PRON-	PRP
29364	1086	7	draws	draw	VBZ
29364	1086	8	the	the	DT
29364	1086	9	draft	draft	NN
29364	1086	10	,	,	,
29364	1086	11	he	-PRON-	PRP
29364	1086	12	sells	sell	VBZ
29364	1086	13	the	the	DT
29364	1086	14	draft	draft	NN
29364	1086	15	,	,	,
29364	1086	16	he	-PRON-	PRP
29364	1086	17	has	have	VBZ
29364	1086	18	his	-PRON-	PRP$
29364	1086	19	money	money	NN
29364	1086	20	,	,	,
29364	1086	21	and	and	CC
29364	1086	22	he	-PRON-	PRP
29364	1086	23	is	be	VBZ
29364	1086	24	out	out	IN
29364	1086	25	of	of	IN
29364	1086	26	it	-PRON-	PRP
29364	1086	27	.	.	.
29364	1087	1	From	from	IN
29364	1087	2	the	the	DT
29364	1087	3	shipper	shipper	NN
29364	1087	4	's	's	POS
29364	1087	5	standpoint	standpoint	NN
29364	1087	6	,	,	,
29364	1087	7	surely	surely	RB
29364	1087	8	a	a	DT
29364	1087	9	most	most	RBS
29364	1087	10	satisfactory	satisfactory	JJ
29364	1087	11	arrangement	arrangement	NN
29364	1087	12	and	and	CC
29364	1087	13	one	one	CD
29364	1087	14	which	which	WDT
29364	1087	15	will	will	MD
29364	1087	16	induce	induce	VB
29364	1087	17	him	-PRON-	PRP
29364	1087	18	to	to	TO
29364	1087	19	quote	quote	VB
29364	1087	20	the	the	DT
29364	1087	21	very	very	RB
29364	1087	22	best	good	JJS
29364	1087	23	price	price	NN
29364	1087	24	for	for	IN
29364	1087	25	merchandise	merchandise	NN
29364	1087	26	.	.	.
29364	1088	1	As	as	IN
29364	1088	2	to	to	IN
29364	1088	3	the	the	DT
29364	1088	4	banker	banker	NN
29364	1088	5	's	's	POS
29364	1088	6	part	part	NN
29364	1088	7	in	in	IN
29364	1088	8	the	the	DT
29364	1088	9	transaction	transaction	NN
29364	1088	10	,	,	,
29364	1088	11	the	the	DT
29364	1088	12	whole	whole	JJ
29364	1088	13	question	question	NN
29364	1088	14	is	be	VBZ
29364	1088	15	one	one	CD
29364	1088	16	of	of	IN
29364	1088	17	commission	commission	NN
29364	1088	18	.	.	.
29364	1089	1	The	the	DT
29364	1089	2	London	London	NNP
29364	1089	3	banker	banker	NN
29364	1089	4	on	on	IN
29364	1089	5	whom	whom	WP
29364	1089	6	the	the	DT
29364	1089	7	credit	credit	NN
29364	1089	8	is	be	VBZ
29364	1089	9	issued	issue	VBN
29364	1089	10	gets	get	VBZ
29364	1089	11	a	a	DT
29364	1089	12	commission	commission	NN
29364	1089	13	from	from	IN
29364	1089	14	the	the	DT
29364	1089	15	American	american	JJ
29364	1089	16	banker	banker	NN
29364	1089	17	for	for	IN
29364	1089	18	"	"	``
29364	1089	19	accepting	accept	VBG
29364	1089	20	"	"	''
29364	1089	21	the	the	DT
29364	1089	22	drafts	draft	NNS
29364	1089	23	,	,	,
29364	1089	24	and	and	CC
29364	1089	25	the	the	DT
29364	1089	26	American	american	JJ
29364	1089	27	banker	banker	NN
29364	1089	28	,	,	,
29364	1089	29	of	of	IN
29364	1089	30	course	course	NN
29364	1089	31	,	,	,
29364	1089	32	gets	get	VBZ
29364	1089	33	a	a	DT
29364	1089	34	substantial	substantial	JJ
29364	1089	35	commission	commission	NN
29364	1089	36	from	from	IN
29364	1089	37	the	the	DT
29364	1089	38	party	party	NN
29364	1089	39	to	to	TO
29364	1089	40	whom	whom	WP
29364	1089	41	the	the	DT
29364	1089	42	credit	credit	NN
29364	1089	43	is	be	VBZ
29364	1089	44	issued	issue	VBN
29364	1089	45	.	.	.
29364	1090	1	Sometimes	sometimes	RB
29364	1090	2	the	the	DT
29364	1090	3	banker	banker	NN
29364	1090	4	in	in	IN
29364	1090	5	New	New	NNP
29364	1090	6	York	York	NNP
29364	1090	7	and	and	CC
29364	1090	8	the	the	DT
29364	1090	9	banker	banker	NN
29364	1090	10	in	in	IN
29364	1090	11	London	London	NNP
29364	1090	12	work	work	NN
29364	1090	13	on	on	IN
29364	1090	14	joint	joint	JJ
29364	1090	15	-	-	HYPH
29364	1090	16	account	account	NN
29364	1090	17	,	,	,
29364	1090	18	in	in	IN
29364	1090	19	which	which	WDT
29364	1090	20	case	case	NN
29364	1090	21	both	both	DT
29364	1090	22	risk	risk	NN
29364	1090	23	and	and	CC
29364	1090	24	commissions	commission	NNS
29364	1090	25	are	be	VBP
29364	1090	26	equally	equally	RB
29364	1090	27	divided	divided	JJ
29364	1090	28	.	.	.
29364	1091	1	But	but	CC
29364	1091	2	more	more	RBR
29364	1091	3	often	often	RB
29364	1091	4	,	,	,
29364	1091	5	perhaps	perhaps	RB
29364	1091	6	,	,	,
29364	1091	7	the	the	DT
29364	1091	8	London	London	NNP
29364	1091	9	bank	bank	NN
29364	1091	10	gets	get	VBZ
29364	1091	11	such	such	JJ
29364	1091	12	-	-	HYPH
29364	1091	13	and	and	CC
29364	1091	14	-	-	HYPH
29364	1091	15	such	such	PDT
29364	1091	16	a	a	DT
29364	1091	17	fixed	fix	VBN
29364	1091	18	commission	commission	NN
29364	1091	19	for	for	IN
29364	1091	20	accepting	accept	VBG
29364	1091	21	drafts	draft	NNS
29364	1091	22	drawn	draw	VBN
29364	1091	23	under	under	IN
29364	1091	24	credits	credit	NNS
29364	1091	25	,	,	,
29364	1091	26	and	and	CC
29364	1091	27	the	the	DT
29364	1091	28	New	New	NNP
29364	1091	29	York	York	NNP
29364	1091	30	banker	banker	NN
29364	1091	31	keeps	keep	VBZ
29364	1091	32	the	the	DT
29364	1091	33	rest	rest	NN
29364	1091	34	of	of	IN
29364	1091	35	what	what	WP
29364	1091	36	he	-PRON-	PRP
29364	1091	37	makes	make	VBZ
29364	1091	38	out	out	IN
29364	1091	39	of	of	IN
29364	1091	40	the	the	DT
29364	1091	41	importer	importer	NN
29364	1091	42	.	.	.
29364	1092	1	Before	before	IN
29364	1092	2	proceeding	proceed	VBG
29364	1092	3	with	with	IN
29364	1092	4	discussion	discussion	NN
29364	1092	5	of	of	IN
29364	1092	6	what	what	WP
29364	1092	7	commissions	commission	NNS
29364	1092	8	amount	amount	NN
29364	1092	9	to	to	IN
29364	1092	10	,	,	,
29364	1092	11	it	-PRON-	PRP
29364	1092	12	is	be	VBZ
29364	1092	13	well	well	JJ
29364	1092	14	to	to	TO
29364	1092	15	note	note	VB
29364	1092	16	the	the	DT
29364	1092	17	fact	fact	NN
29364	1092	18	that	that	IN
29364	1092	19	in	in	IN
29364	1092	20	those	those	DT
29364	1092	21	commercial	commercial	JJ
29364	1092	22	credit	credit	NN
29364	1092	23	transactions	transaction	NNS
29364	1092	24	neither	neither	CC
29364	1092	25	banker	banker	NN
29364	1092	26	is	be	VBZ
29364	1092	27	ever	ever	RB
29364	1092	28	under	under	IN
29364	1092	29	the	the	DT
29364	1092	30	necessity	necessity	NN
29364	1092	31	of	of	IN
29364	1092	32	putting	put	VBG
29364	1092	33	up	up	RP
29364	1092	34	a	a	DT
29364	1092	35	cent	cent	NN
29364	1092	36	of	of	IN
29364	1092	37	actual	actual	JJ
29364	1092	38	money	money	NN
29364	1092	39	.	.	.
29364	1093	1	As	as	IN
29364	1093	2	in	in	IN
29364	1093	3	the	the	DT
29364	1093	4	case	case	NN
29364	1093	5	of	of	IN
29364	1093	6	foreign	foreign	JJ
29364	1093	7	loans	loan	NNS
29364	1093	8	previously	previously	RB
29364	1093	9	described	describe	VBN
29364	1093	10	,	,	,
29364	1093	11	the	the	DT
29364	1093	12	banker	banker	NN
29364	1093	13	's	's	POS
29364	1093	14	credit	credit	NN
29364	1093	15	and	and	CC
29364	1093	16	the	the	DT
29364	1093	17	banker	banker	NN
29364	1093	18	's	's	POS
29364	1093	19	credit	credit	NN
29364	1093	20	only	only	RB
29364	1093	21	is	be	VBZ
29364	1093	22	the	the	DT
29364	1093	23	basis	basis	NN
29364	1093	24	of	of	IN
29364	1093	25	the	the	DT
29364	1093	26	whole	whole	JJ
29364	1093	27	operation	operation	NN
29364	1093	28	.	.	.
29364	1094	1	The	the	DT
29364	1094	2	London	London	NNP
29364	1094	3	bank	bank	NN
29364	1094	4	never	never	RB
29364	1094	5	pays	pay	VBZ
29364	1094	6	out	out	RP
29364	1094	7	any	any	DT
29364	1094	8	actual	actual	JJ
29364	1094	9	cash	cash	NN
29364	1094	10	--	--	:
29364	1094	11	it	-PRON-	PRP
29364	1094	12	merely	merely	RB
29364	1094	13	"	"	``
29364	1094	14	_	_	NNP
29364	1094	15	accepts	accept	VBZ
29364	1094	16	_	_	NNP
29364	1094	17	"	"	``
29364	1094	18	a	a	DT
29364	1094	19	four	four	CD
29364	1094	20	months	month	NNS
29364	1094	21	'	'	POS
29364	1094	22	sight	sight	NN
29364	1094	23	draft	draft	NN
29364	1094	24	,	,	,
29364	1094	25	knowing	know	VBG
29364	1094	26	that	that	IN
29364	1094	27	before	before	IN
29364	1094	28	the	the	DT
29364	1094	29	draft	draft	NN
29364	1094	30	comes	come	VBZ
29364	1094	31	due	due	JJ
29364	1094	32	and	and	CC
29364	1094	33	is	be	VBZ
29364	1094	34	presented	present	VBN
29364	1094	35	at	at	IN
29364	1094	36	its	-PRON-	PRP$
29364	1094	37	wicket	wicket	NN
29364	1094	38	for	for	IN
29364	1094	39	payment	payment	NN
29364	1094	40	,	,	,
29364	1094	41	"	"	``
29364	1094	42	cover	cover	NN
29364	1094	43	"	"	''
29364	1094	44	will	will	MD
29364	1094	45	have	have	VB
29364	1094	46	been	be	VBN
29364	1094	47	provided	provide	VBN
29364	1094	48	from	from	IN
29364	1094	49	New	New	NNP
29364	1094	50	York	York	NNP
29364	1094	51	.	.	.
29364	1095	1	The	the	DT
29364	1095	2	New	New	NNP
29364	1095	3	York	York	NNP
29364	1095	4	banker	banker	NN
29364	1095	5	,	,	,
29364	1095	6	on	on	IN
29364	1095	7	the	the	DT
29364	1095	8	other	other	JJ
29364	1095	9	hand	hand	NN
29364	1095	10	,	,	,
29364	1095	11	merely	merely	RB
29364	1095	12	sends	send	VBZ
29364	1095	13	over	over	RP
29364	1095	14	on	on	IN
29364	1095	15	account	account	NN
29364	1095	16	of	of	IN
29364	1095	17	the	the	DT
29364	1095	18	maturing	mature	VBG
29364	1095	19	draft	draft	NN
29364	1095	20	in	in	IN
29364	1095	21	London	London	NNP
29364	1095	22	the	the	DT
29364	1095	23	money	money	NN
29364	1095	24	he	-PRON-	PRP
29364	1095	25	receives	receive	VBZ
29364	1095	26	from	from	IN
29364	1095	27	the	the	DT
29364	1095	28	importer	importer	NN
29364	1095	29	.	.	.
29364	1096	1	He	-PRON-	PRP
29364	1096	2	is	be	VBZ
29364	1096	3	under	under	IN
29364	1096	4	an	an	DT
29364	1096	5	obligation	obligation	NN
29364	1096	6	to	to	IN
29364	1096	7	the	the	DT
29364	1096	8	London	London	NNP
29364	1096	9	banker	banker	NN
29364	1096	10	to	to	TO
29364	1096	11	see	see	VB
29364	1096	12	that	that	IN
29364	1096	13	the	the	DT
29364	1096	14	whole	whole	JJ
29364	1096	15	£	£	$
29364	1096	16	1,000	1,000	CD
29364	1096	17	is	be	VBZ
29364	1096	18	paid	pay	VBN
29364	1096	19	off	off	RP
29364	1096	20	before	before	IN
29364	1096	21	the	the	DT
29364	1096	22	four	four	CD
29364	1096	23	months	month	NNS
29364	1096	24	are	be	VBP
29364	1096	25	over	over	RB
29364	1096	26	,	,	,
29364	1096	27	but	but	CC
29364	1096	28	he	-PRON-	PRP
29364	1096	29	knows	know	VBZ
29364	1096	30	the	the	DT
29364	1096	31	party	party	NN
29364	1096	32	to	to	TO
29364	1096	33	whom	whom	WP
29364	1096	34	he	-PRON-	PRP
29364	1096	35	issued	issue	VBD
29364	1096	36	the	the	DT
29364	1096	37	credit	credit	NN
29364	1096	38	,	,	,
29364	1096	39	and	and	CC
29364	1096	40	knows	know	VBZ
29364	1096	41	that	that	IN
29364	1096	42	before	before	IN
29364	1096	43	that	that	DT
29364	1096	44	time	time	NN
29364	1096	45	all	all	PDT
29364	1096	46	the	the	DT
29364	1096	47	silk	silk	NN
29364	1096	48	will	will	MD
29364	1096	49	have	have	VB
29364	1096	50	been	be	VBN
29364	1096	51	manufactured	manufacture	VBN
29364	1096	52	and	and	CC
29364	1096	53	sold	sell	VBN
29364	1096	54	and	and	CC
29364	1096	55	the	the	DT
29364	1096	56	proceeds	proceed	NNS
29364	1096	57	turned	turn	VBD
29364	1096	58	over	over	RP
29364	1096	59	to	to	IN
29364	1096	60	him	-PRON-	PRP
29364	1096	61	.	.	.
29364	1097	1	At	at	IN
29364	1097	2	no	no	DT
29364	1097	3	time	time	NN
29364	1097	4	is	be	VBZ
29364	1097	5	he	-PRON-	PRP
29364	1097	6	out	out	IN
29364	1097	7	of	of	IN
29364	1097	8	any	any	DT
29364	1097	9	actual	actual	JJ
29364	1097	10	cash	cash	NN
29364	1097	11	.	.	.
29364	1098	1	That	that	IN
29364	1098	2	being	be	VBG
29364	1098	3	the	the	DT
29364	1098	4	case	case	NN
29364	1098	5	,	,	,
29364	1098	6	the	the	DT
29364	1098	7	amount	amount	NN
29364	1098	8	of	of	IN
29364	1098	9	commission	commission	NN
29364	1098	10	he	-PRON-	PRP
29364	1098	11	charges	charge	VBZ
29364	1098	12	is	be	VBZ
29364	1098	13	really	really	RB
29364	1098	14	very	very	RB
29364	1098	15	moderate	moderate	JJ
29364	1098	16	--	--	:
29364	1098	17	one	one	CD
29364	1098	18	-	-	HYPH
29364	1098	19	quarter	quarter	NN
29364	1098	20	of	of	IN
29364	1098	21	one	one	CD
29364	1098	22	per	per	IN
29364	1098	23	cent	cent	NN
29364	1098	24	.	.	.
29364	1099	1	for	for	IN
29364	1099	2	each	each	DT
29364	1099	3	thirty	thirty	CD
29364	1099	4	days	day	NNS
29364	1099	5	of	of	IN
29364	1099	6	the	the	DT
29364	1099	7	life	life	NN
29364	1099	8	of	of	IN
29364	1099	9	drafts	draft	NNS
29364	1099	10	drawn	draw	VBN
29364	1099	11	under	under	IN
29364	1099	12	credits	credit	NNS
29364	1099	13	being	be	VBG
29364	1099	14	the	the	DT
29364	1099	15	"	"	``
29364	1099	16	full	full	JJ
29364	1099	17	rate	rate	NN
29364	1099	18	.	.	.
29364	1099	19	"	"	''
29364	1100	1	Under	under	IN
29364	1100	2	such	such	PDT
29364	1100	3	an	an	DT
29364	1100	4	arrangement	arrangement	NN
29364	1100	5	an	an	DT
29364	1100	6	importer	importer	NN
29364	1100	7	taking	take	VBG
29364	1100	8	a	a	DT
29364	1100	9	credit	credit	NN
29364	1100	10	stipulating	stipulating	NN
29364	1100	11	that	that	IN
29364	1100	12	the	the	DT
29364	1100	13	drafts	draft	NNS
29364	1100	14	are	be	VBP
29364	1100	15	to	to	TO
29364	1100	16	be	be	VB
29364	1100	17	drawn	draw	VBN
29364	1100	18	at	at	IN
29364	1100	19	thirty	thirty	CD
29364	1100	20	days	day	NNS
29364	1100	21	'	'	POS
29364	1100	22	sight	sight	NN
29364	1100	23	would	would	MD
29364	1100	24	have	have	VB
29364	1100	25	to	to	TO
29364	1100	26	pay	pay	VB
29364	1100	27	one	one	CD
29364	1100	28	-	-	HYPH
29364	1100	29	quarter	quarter	NN
29364	1100	30	of	of	IN
29364	1100	31	one	one	CD
29364	1100	32	per	per	IN
29364	1100	33	cent	cent	NN
29364	1100	34	.	.	.
29364	1101	1	;	;	:
29364	1101	2	at	at	IN
29364	1101	3	sixty	sixty	CD
29364	1101	4	days	day	NNS
29364	1101	5	'	'	POS
29364	1101	6	sight	sight	NN
29364	1101	7	,	,	,
29364	1101	8	one	one	CD
29364	1101	9	-	-	HYPH
29364	1101	10	half	half	NN
29364	1101	11	of	of	IN
29364	1101	12	one	one	CD
29364	1101	13	per	per	IN
29364	1101	14	cent	cent	NN
29364	1101	15	.	.	.
29364	1102	1	;	;	:
29364	1102	2	at	at	IN
29364	1102	3	ninety	ninety	CD
29364	1102	4	days	day	NNS
29364	1102	5	'	'	POS
29364	1102	6	sight	sight	NN
29364	1102	7	,	,	,
29364	1102	8	three	three	CD
29364	1102	9	-	-	HYPH
29364	1102	10	quarters	quarter	NNS
29364	1102	11	of	of	IN
29364	1102	12	one	one	CD
29364	1102	13	per	per	IN
29364	1102	14	cent	cent	NN
29364	1102	15	.	.	.
29364	1102	16	,	,	,
29364	1102	17	etc	etc	FW
29364	1102	18	.	.	.
29364	1103	1	Such	such	JJ
29364	1103	2	commission	commission	NN
29364	1103	3	to	to	TO
29364	1103	4	be	be	VB
29364	1103	5	collected	collect	VBN
29364	1103	6	at	at	IN
29364	1103	7	the	the	DT
29364	1103	8	time	time	NN
29364	1103	9	the	the	DT
29364	1103	10	drafts	draft	NNS
29364	1103	11	drawn	draw	VBN
29364	1103	12	under	under	IN
29364	1103	13	the	the	DT
29364	1103	14	credits	credit	NNS
29364	1103	15	fall	fall	VBP
29364	1103	16	due	due	JJ
29364	1103	17	.	.	.
29364	1104	1	These	these	DT
29364	1104	2	are	be	VBP
29364	1104	3	the	the	DT
29364	1104	4	"	"	``
29364	1104	5	full	full	JJ
29364	1104	6	rates"--naturally	rates"--naturally	RB
29364	1104	7	,	,	,
29364	1104	8	few	few	JJ
29364	1104	9	importers	importer	NNS
29364	1104	10	are	be	VBP
29364	1104	11	required	require	VBN
29364	1104	12	to	to	TO
29364	1104	13	pay	pay	VB
29364	1104	14	them	-PRON-	PRP
29364	1104	15	,	,	,
29364	1104	16	_	_	NNP
29364	1104	17	actual	actual	JJ
29364	1104	18	_	_	NNP
29364	1104	19	rates	rate	NNS
29364	1104	20	being	be	VBG
29364	1104	21	largely	largely	RB
29364	1104	22	a	a	DT
29364	1104	23	matter	matter	NN
29364	1104	24	of	of	IN
29364	1104	25	individual	individual	JJ
29364	1104	26	negotiation	negotiation	NN
29364	1104	27	and	and	CC
29364	1104	28	standing	standing	NN
29364	1104	29	.	.	.
29364	1105	1	Where	where	WRB
29364	1105	2	the	the	DT
29364	1105	3	drafts	draft	NNS
29364	1105	4	under	under	IN
29364	1105	5	the	the	DT
29364	1105	6	credits	credit	NNS
29364	1105	7	run	run	VBP
29364	1105	8	for	for	IN
29364	1105	9	ninety	ninety	CD
29364	1105	10	days	day	NNS
29364	1105	11	,	,	,
29364	1105	12	for	for	IN
29364	1105	13	instance	instance	NN
29364	1105	14	,	,	,
29364	1105	15	as	as	IN
29364	1105	16	in	in	IN
29364	1105	17	the	the	DT
29364	1105	18	case	case	NN
29364	1105	19	of	of	IN
29364	1105	20	coffee	coffee	NN
29364	1105	21	imported	import	VBN
29364	1105	22	from	from	IN
29364	1105	23	Brazil	Brazil	NNP
29364	1105	24	,	,	,
29364	1105	25	the	the	DT
29364	1105	26	full	full	JJ
29364	1105	27	rate	rate	NN
29364	1105	28	would	would	MD
29364	1105	29	be	be	VB
29364	1105	30	three	three	CD
29364	1105	31	-	-	HYPH
29364	1105	32	quarters	quarter	NNS
29364	1105	33	of	of	IN
29364	1105	34	one	one	CD
29364	1105	35	per	per	IN
29364	1105	36	cent	cent	NN
29364	1105	37	.	.	.
29364	1105	38	,	,	,
29364	1105	39	but	but	CC
29364	1105	40	very	very	RB
29364	1105	41	few	few	JJ
29364	1105	42	firms	firm	NNS
29364	1105	43	actually	actually	RB
29364	1105	44	pay	pay	VBP
29364	1105	45	over	over	RB
29364	1105	46	three	three	CD
29364	1105	47	-	-	HYPH
29364	1105	48	eighths	eighth	NNS
29364	1105	49	of	of	IN
29364	1105	50	one	one	CD
29364	1105	51	per	per	IN
29364	1105	52	cent	cent	NN
29364	1105	53	.	.	.
29364	1106	1	Similarly	similarly	RB
29364	1106	2	with	with	IN
29364	1106	3	credits	credit	NNS
29364	1106	4	issued	issue	VBN
29364	1106	5	for	for	IN
29364	1106	6	the	the	DT
29364	1106	7	importation	importation	NN
29364	1106	8	of	of	IN
29364	1106	9	merchandise	merchandise	NN
29364	1106	10	of	of	IN
29364	1106	11	almost	almost	RB
29364	1106	12	every	every	DT
29364	1106	13	other	other	JJ
29364	1106	14	kind	kind	NN
29364	1106	15	.	.	.
29364	1107	1	Silk	silk	NN
29364	1107	2	credits	credit	NNS
29364	1107	3	,	,	,
29364	1107	4	with	with	IN
29364	1107	5	drafts	draft	NNS
29364	1107	6	running	run	VBG
29364	1107	7	four	four	CD
29364	1107	8	months	month	NNS
29364	1107	9	,	,	,
29364	1107	10	ought	ought	MD
29364	1107	11	at	at	IN
29364	1107	12	the	the	DT
29364	1107	13	regular	regular	JJ
29364	1107	14	rate	rate	NN
29364	1107	15	to	to	TO
29364	1107	16	cost	cost	VB
29364	1107	17	one	one	CD
29364	1107	18	per	per	IN
29364	1107	19	cent	cent	NN
29364	1107	20	.	.	.
29364	1108	1	;	;	:
29364	1108	2	but	but	CC
29364	1108	3	as	as	IN
29364	1108	4	a	a	DT
29364	1108	5	matter	matter	NN
29364	1108	6	of	of	IN
29364	1108	7	fact	fact	NN
29364	1108	8	there	there	EX
29364	1108	9	are	be	VBP
29364	1108	10	any	any	DT
29364	1108	11	number	number	NN
29364	1108	12	of	of	IN
29364	1108	13	good	good	JJ
29364	1108	14	houses	house	NNS
29364	1108	15	willing	willing	JJ
29364	1108	16	to	to	TO
29364	1108	17	do	do	VB
29364	1108	18	the	the	DT
29364	1108	19	business	business	NN
29364	1108	20	for	for	IN
29364	1108	21	five	five	CD
29364	1108	22	-	-	HYPH
29364	1108	23	eighths	eighth	NNS
29364	1108	24	of	of	IN
29364	1108	25	one	one	CD
29364	1108	26	per	per	IN
29364	1108	27	cent	cent	NN
29364	1108	28	.	.	.
29364	1109	1	One	one	CD
29364	1109	2	large	large	JJ
29364	1109	3	international	international	JJ
29364	1109	4	bank	bank	NN
29364	1109	5	in	in	IN
29364	1109	6	New	New	NNP
29364	1109	7	York	York	NNP
29364	1109	8	,	,	,
29364	1109	9	indeed	indeed	RB
29364	1109	10	,	,	,
29364	1109	11	is	be	VBZ
29364	1109	12	going	go	VBG
29364	1109	13	so	so	RB
29364	1109	14	far	far	RB
29364	1109	15	as	as	IN
29364	1109	16	to	to	TO
29364	1109	17	offer	offer	VB
29364	1109	18	to	to	TO
29364	1109	19	issue	issue	VB
29364	1109	20	credits	credit	NNS
29364	1109	21	under	under	IN
29364	1109	22	which	which	WDT
29364	1109	23	drafts	draft	NNS
29364	1109	24	run	run	VB
29364	1109	25	_	_	NNP
29364	1109	26	six	six	CD
29364	1109	27	_	_	NNP
29364	1109	28	months	month	NNS
29364	1109	29	for	for	IN
29364	1109	30	a	a	DT
29364	1109	31	commission	commission	NN
29364	1109	32	of	of	IN
29364	1109	33	five	five	CD
29364	1109	34	-	-	HYPH
29364	1109	35	eighths	eighth	NNS
29364	1109	36	of	of	IN
29364	1109	37	one	one	CD
29364	1109	38	per	per	IN
29364	1109	39	cent	cent	NN
29364	1109	40	.	.	.
29364	1110	1	Such	such	PDT
29364	1110	2	a	a	DT
29364	1110	3	commission	commission	NN
29364	1110	4	is	be	VBZ
29364	1110	5	entirely	entirely	RB
29364	1110	6	inadequate	inadequate	JJ
29364	1110	7	and	and	CC
29364	1110	8	no	no	DT
29364	1110	9	fair	fair	JJ
29364	1110	10	compensation	compensation	NN
29364	1110	11	for	for	IN
29364	1110	12	the	the	DT
29364	1110	13	trouble	trouble	NN
29364	1110	14	and	and	CC
29364	1110	15	risk	risk	VB
29364	1110	16	the	the	DT
29364	1110	17	banker	banker	NN
29364	1110	18	takes	take	VBZ
29364	1110	19	.	.	.
29364	1111	1	It	-PRON-	PRP
29364	1111	2	means	mean	VBZ
29364	1111	3	little	little	JJ
29364	1111	4	more	more	JJR
29364	1111	5	than	than	IN
29364	1111	6	that	that	IN
29364	1111	7	the	the	DT
29364	1111	8	bank	bank	NN
29364	1111	9	is	be	VBZ
29364	1111	10	willing	willing	JJ
29364	1111	11	to	to	TO
29364	1111	12	take	take	VB
29364	1111	13	business	business	NN
29364	1111	14	at	at	IN
29364	1111	15	any	any	DT
29364	1111	16	price	price	NN
29364	1111	17	for	for	IN
29364	1111	18	advertising	advertising	NN
29364	1111	19	or	or	CC
29364	1111	20	other	other	JJ
29364	1111	21	purposes	purpose	NNS
29364	1111	22	.	.	.
29364	1112	1	Assume	assume	VB
29364	1112	2	that	that	IN
29364	1112	3	an	an	DT
29364	1112	4	importer	importer	NN
29364	1112	5	has	have	VBZ
29364	1112	6	taken	take	VBN
29364	1112	7	out	out	RP
29364	1112	8	a	a	DT
29364	1112	9	ninety	ninety	CD
29364	1112	10	-	-	HYPH
29364	1112	11	day	day	NN
29364	1112	12	credit	credit	NN
29364	1112	13	and	and	CC
29364	1112	14	is	be	VBZ
29364	1112	15	to	to	TO
29364	1112	16	pay	pay	VB
29364	1112	17	three	three	CD
29364	1112	18	-	-	HYPH
29364	1112	19	eighths	eighth	NNS
29364	1112	20	of	of	IN
29364	1112	21	one	one	CD
29364	1112	22	per	per	IN
29364	1112	23	cent	cent	NN
29364	1112	24	.	.	.
29364	1113	1	on	on	IN
29364	1113	2	all	all	DT
29364	1113	3	drafts	draft	NNS
29364	1113	4	drawn	drawn	NNP
29364	1113	5	thereunder	thereunder	NN
29364	1113	6	,	,	,
29364	1113	7	what	what	WDT
29364	1113	8	rate	rate	NN
29364	1113	9	of	of	IN
29364	1113	10	interest	interest	NN
29364	1113	11	is	be	VBZ
29364	1113	12	he	-PRON-	PRP
29364	1113	13	actually	actually	RB
29364	1113	14	paying	pay	VBG
29364	1113	15	,	,	,
29364	1113	16	figured	figure	VBN
29364	1113	17	on	on	IN
29364	1113	18	an	an	DT
29364	1113	19	annual	annual	JJ
29364	1113	20	basis	basis	NN
29364	1113	21	?	?	.
29364	1114	1	The	the	DT
29364	1114	2	life	life	NN
29364	1114	3	of	of	IN
29364	1114	4	the	the	DT
29364	1114	5	draft	draft	NN
29364	1114	6	is	be	VBZ
29364	1114	7	ninety	ninety	CD
29364	1114	8	days	day	NNS
29364	1114	9	,	,	,
29364	1114	10	and	and	CC
29364	1114	11	he	-PRON-	PRP
29364	1114	12	pays	pay	VBZ
29364	1114	13	three	three	CD
29364	1114	14	-	-	HYPH
29364	1114	15	eighths	eighth	NNS
29364	1114	16	of	of	IN
29364	1114	17	one	one	CD
29364	1114	18	per	per	IN
29364	1114	19	cent	cent	NN
29364	1114	20	.	.	.
29364	1115	1	;	;	:
29364	1115	2	in	in	IN
29364	1115	3	each	each	DT
29364	1115	4	year	year	NN
29364	1115	5	there	there	EX
29364	1115	6	are	be	VBP
29364	1115	7	four	four	CD
29364	1115	8	ninety	ninety	CD
29364	1115	9	-	-	HYPH
29364	1115	10	day	day	NN
29364	1115	11	periods	period	NNS
29364	1115	12	;	;	,
29364	1115	13	figured	figure	VBN
29364	1115	14	on	on	IN
29364	1115	15	an	an	DT
29364	1115	16	annual	annual	JJ
29364	1115	17	basis	basis	NN
29364	1115	18	,	,	,
29364	1115	19	therefore	therefore	RB
29364	1115	20	,	,	,
29364	1115	21	the	the	DT
29364	1115	22	importer	importer	NN
29364	1115	23	is	be	VBZ
29364	1115	24	paying	pay	VBG
29364	1115	25	four	four	CD
29364	1115	26	multiplied	multiply	VBN
29364	1115	27	by	by	IN
29364	1115	28	three	three	CD
29364	1115	29	-	-	HYPH
29364	1115	30	eighths	eighth	NNS
29364	1115	31	of	of	IN
29364	1115	32	one	one	CD
29364	1115	33	per	per	IN
29364	1115	34	cent	cent	NN
29364	1115	35	.	.	.
29364	1115	36	,	,	,
29364	1115	37	equalling	equal	VBG
29364	1115	38	one	one	CD
29364	1115	39	and	and	CC
29364	1115	40	one	one	CD
29364	1115	41	-	-	HYPH
29364	1115	42	half	half	NN
29364	1115	43	per	per	IN
29364	1115	44	cent	cent	NN
29364	1115	45	.	.	.
29364	1116	1	interest	interest	NN
29364	1116	2	.	.	.
29364	1117	1	Not	not	RB
29364	1117	2	a	a	DT
29364	1117	3	very	very	RB
29364	1117	4	high	high	JJ
29364	1117	5	charge	charge	NN
29364	1117	6	,	,	,
29364	1117	7	and	and	CC
29364	1117	8	made	make	VBD
29364	1117	9	possible	possible	JJ
29364	1117	10	only	only	RB
29364	1117	11	because	because	IN
29364	1117	12	the	the	DT
29364	1117	13	banker	banker	NN
29364	1117	14	lends	lend	VBZ
29364	1117	15	his	-PRON-	PRP$
29364	1117	16	credit	credit	NN
29364	1117	17	and	and	CC
29364	1117	18	not	not	RB
29364	1117	19	his	-PRON-	PRP$
29364	1117	20	cash	cash	NN
29364	1117	21	.	.	.
29364	1118	1	For	for	IN
29364	1118	2	purposes	purpose	NNS
29364	1118	3	of	of	IN
29364	1118	4	illustration	illustration	NN
29364	1118	5	,	,	,
29364	1118	6	the	the	DT
29364	1118	7	financing	financing	NN
29364	1118	8	of	of	IN
29364	1118	9	the	the	DT
29364	1118	10	import	import	NN
29364	1118	11	of	of	IN
29364	1118	12	silk	silk	NN
29364	1118	13	from	from	IN
29364	1118	14	China	China	NNP
29364	1118	15	was	be	VBD
29364	1118	16	chosen	choose	VBN
29364	1118	17	because	because	IN
29364	1118	18	the	the	DT
29364	1118	19	operation	operation	NN
29364	1118	20	embodied	embody	VBD
29364	1118	21	perhaps	perhaps	RB
29364	1118	22	more	more	JJR
29364	1118	23	points	point	NNS
29364	1118	24	of	of	IN
29364	1118	25	interest	interest	NN
29364	1118	26	in	in	IN
29364	1118	27	connection	connection	NN
29364	1118	28	with	with	IN
29364	1118	29	commercial	commercial	JJ
29364	1118	30	credit	credit	NN
29364	1118	31	business	business	NN
29364	1118	32	than	than	IN
29364	1118	33	any	any	DT
29364	1118	34	other	other	JJ
29364	1118	35	one	one	CD
29364	1118	36	operation	operation	NN
29364	1118	37	.	.	.
29364	1119	1	Commercial	commercial	JJ
29364	1119	2	credit	credit	NN
29364	1119	3	operations	operation	NNS
29364	1119	4	,	,	,
29364	1119	5	however	however	RB
29364	1119	6	,	,	,
29364	1119	7	are	be	VBP
29364	1119	8	of	of	IN
29364	1119	9	great	great	JJ
29364	1119	10	variety	variety	NN
29364	1119	11	and	and	CC
29364	1119	12	scope	scope	NN
29364	1119	13	.	.	.
29364	1120	1	They	-PRON-	PRP
29364	1120	2	may	may	MD
29364	1120	3	involve	involve	VB
29364	1120	4	,	,	,
29364	1120	5	for	for	IN
29364	1120	6	instance	instance	NN
29364	1120	7	,	,	,
29364	1120	8	the	the	DT
29364	1120	9	import	import	NN
29364	1120	10	of	of	IN
29364	1120	11	matting	mat	VBG
29364	1120	12	shipped	ship	VBN
29364	1120	13	from	from	IN
29364	1120	14	Japan	Japan	NNP
29364	1120	15	on	on	IN
29364	1120	16	slow	slow	JJ
29364	1120	17	sailing	sailing	NN
29364	1120	18	ships	ship	NNS
29364	1120	19	and	and	CC
29364	1120	20	where	where	WRB
29364	1120	21	the	the	DT
29364	1120	22	drafts	draft	NNS
29364	1120	23	drawn	draw	VBN
29364	1120	24	run	run	VB
29364	1120	25	for	for	IN
29364	1120	26	six	six	CD
29364	1120	27	months	month	NNS
29364	1120	28	or	or	CC
29364	1120	29	more	more	JJR
29364	1120	30	,	,	,
29364	1120	31	or	or	CC
29364	1120	32	they	-PRON-	PRP
29364	1120	33	may	may	MD
29364	1120	34	involve	involve	VB
29364	1120	35	the	the	DT
29364	1120	36	import	import	NN
29364	1120	37	of	of	IN
29364	1120	38	dress	dress	NN
29364	1120	39	goods	good	NNS
29364	1120	40	from	from	IN
29364	1120	41	France	France	NNP
29364	1120	42	,	,	,
29364	1120	43	in	in	IN
29364	1120	44	which	which	WDT
29364	1120	45	case	case	NN
29364	1120	46	the	the	DT
29364	1120	47	drafts	draft	NNS
29364	1120	48	are	be	VBP
29364	1120	49	often	often	RB
29364	1120	50	at	at	IN
29364	1120	51	sight	sight	NN
29364	1120	52	.	.	.
29364	1121	1	Furthermore	furthermore	RB
29364	1121	2	,	,	,
29364	1121	3	all	all	DT
29364	1121	4	credits	credit	NNS
29364	1121	5	are	be	VBP
29364	1121	6	by	by	IN
29364	1121	7	no	no	DT
29364	1121	8	means	mean	NNS
29364	1121	9	issued	issue	VBN
29364	1121	10	on	on	IN
29364	1121	11	London	London	NNP
29364	1121	12	.	.	.
29364	1122	1	In	in	IN
29364	1122	2	the	the	DT
29364	1122	3	Far	Far	NNP
29364	1122	4	East	East	NNP
29364	1122	5	,	,	,
29364	1122	6	where	where	WRB
29364	1122	7	tea	tea	NN
29364	1122	8	or	or	CC
29364	1122	9	shellac	shellac	NNS
29364	1122	10	or	or	CC
29364	1122	11	silk	silk	NN
29364	1122	12	is	be	VBZ
29364	1122	13	being	be	VBG
29364	1122	14	exported	export	VBN
29364	1122	15	to	to	IN
29364	1122	16	the	the	DT
29364	1122	17	United	United	NNP
29364	1122	18	States	States	NNP
29364	1122	19	,	,	,
29364	1122	20	London	London	NNP
29364	1122	21	is	be	VBZ
29364	1122	22	known	know	VBN
29364	1122	23	as	as	IN
29364	1122	24	the	the	DT
29364	1122	25	one	one	CD
29364	1122	26	great	great	JJ
29364	1122	27	commercial	commercial	JJ
29364	1122	28	and	and	CC
29364	1122	29	financial	financial	JJ
29364	1122	30	center	center	NN
29364	1122	31	,	,	,
29364	1122	32	but	but	CC
29364	1122	33	in	in	IN
29364	1122	34	the	the	DT
29364	1122	35	case	case	NN
29364	1122	36	of	of	IN
29364	1122	37	dress	dress	NN
29364	1122	38	goods	good	NNS
29364	1122	39	shipped	ship	VBN
29364	1122	40	from	from	IN
29364	1122	41	Marseilles	Marseilles	NNP
29364	1122	42	or	or	CC
29364	1122	43	Lyons	Lyons	NNP
29364	1122	44	,	,	,
29364	1122	45	for	for	IN
29364	1122	46	instance	instance	NN
29364	1122	47	,	,	,
29364	1122	48	the	the	DT
29364	1122	49	credits	credit	NNS
29364	1122	50	would	would	MD
29364	1122	51	invariably	invariably	RB
29364	1122	52	stipulate	stipulate	VB
29364	1122	53	that	that	IN
29364	1122	54	the	the	DT
29364	1122	55	drafts	draft	NNS
29364	1122	56	be	be	VB
29364	1122	57	drawn	draw	VBN
29364	1122	58	in	in	IN
29364	1122	59	francs	franc	NNS
29364	1122	60	on	on	IN
29364	1122	61	Paris	Paris	NNP
29364	1122	62	.	.	.
29364	1123	1	But	but	CC
29364	1123	2	whether	whether	IN
29364	1123	3	the	the	DT
29364	1123	4	material	material	NN
29364	1123	5	imported	import	VBN
29364	1123	6	be	be	VB
29364	1123	7	dress	dress	NN
29364	1123	8	goods	good	NNS
29364	1123	9	from	from	IN
29364	1123	10	France	France	NNP
29364	1123	11	or	or	CC
29364	1123	12	tea	tea	NN
29364	1123	13	from	from	IN
29364	1123	14	China	China	NNP
29364	1123	15	,	,	,
29364	1123	16	the	the	DT
29364	1123	17	principle	principle	NN
29364	1123	18	of	of	IN
29364	1123	19	the	the	DT
29364	1123	20	commercial	commercial	JJ
29364	1123	21	credits	credit	NNS
29364	1123	22	under	under	IN
29364	1123	23	which	which	WDT
29364	1123	24	the	the	DT
29364	1123	25	goods	good	NNS
29364	1123	26	are	be	VBP
29364	1123	27	brought	bring	VBN
29364	1123	28	in	in	RP
29364	1123	29	remains	remain	VBZ
29364	1123	30	identically	identically	RB
29364	1123	31	the	the	DT
29364	1123	32	same	same	JJ
29364	1123	33	.	.	.
29364	1124	1	In	in	IN
29364	1124	2	every	every	DT
29364	1124	3	case	case	NN
29364	1124	4	there	there	EX
29364	1124	5	is	be	VBZ
29364	1124	6	a	a	DT
29364	1124	7	buyer	buyer	NN
29364	1124	8	on	on	IN
29364	1124	9	this	this	DT
29364	1124	10	end	end	NN
29364	1124	11	who	who	WP
29364	1124	12	wants	want	VBZ
29364	1124	13	to	to	TO
29364	1124	14	get	get	VB
29364	1124	15	possession	possession	NN
29364	1124	16	of	of	IN
29364	1124	17	the	the	DT
29364	1124	18	goods	good	NNS
29364	1124	19	without	without	IN
29364	1124	20	having	have	VBG
29364	1124	21	to	to	TO
29364	1124	22	put	put	VB
29364	1124	23	up	up	RP
29364	1124	24	any	any	DT
29364	1124	25	money	money	NN
29364	1124	26	,	,	,
29364	1124	27	and	and	CC
29364	1124	28	in	in	IN
29364	1124	29	every	every	DT
29364	1124	30	case	case	NN
29364	1124	31	there	there	EX
29364	1124	32	is	be	VBZ
29364	1124	33	a	a	DT
29364	1124	34	seller	seller	NN
29364	1124	35	on	on	IN
29364	1124	36	the	the	DT
29364	1124	37	other	other	JJ
29364	1124	38	end	end	NN
29364	1124	39	who	who	WP
29364	1124	40	wants	want	VBZ
29364	1124	41	to	to	TO
29364	1124	42	receive	receive	VB
29364	1124	43	payment	payment	NN
29364	1124	44	as	as	RB
29364	1124	45	soon	soon	RB
29364	1124	46	as	as	IN
29364	1124	47	he	-PRON-	PRP
29364	1124	48	lets	let	VBZ
29364	1124	49	the	the	DT
29364	1124	50	merchandise	merchandise	NN
29364	1124	51	get	get	VB
29364	1124	52	out	out	IN
29364	1124	53	of	of	IN
29364	1124	54	his	-PRON-	PRP$
29364	1124	55	hands	hand	NNS
29364	1124	56	.	.	.
29364	1125	1	The	the	DT
29364	1125	2	banker	banker	NN
29364	1125	3	issuing	issue	VBG
29364	1125	4	the	the	DT
29364	1125	5	credit	credit	NN
29364	1125	6	is	be	VBZ
29364	1125	7	merely	merely	RB
29364	1125	8	the	the	DT
29364	1125	9	intermediary	intermediary	NN
29364	1125	10	,	,	,
29364	1125	11	and	and	CC
29364	1125	12	the	the	DT
29364	1125	13	naming	naming	NN
29364	1125	14	of	of	IN
29364	1125	15	some	some	DT
29364	1125	16	foreign	foreign	JJ
29364	1125	17	point	point	NN
29364	1125	18	on	on	IN
29364	1125	19	which	which	WDT
29364	1125	20	the	the	DT
29364	1125	21	drafts	draft	NNS
29364	1125	22	are	be	VBP
29364	1125	23	to	to	TO
29364	1125	24	be	be	VB
29364	1125	25	drawn	draw	VBN
29364	1125	26	is	be	VBZ
29364	1125	27	merely	merely	RB
29364	1125	28	incidental	incidental	JJ
29364	1125	29	to	to	IN
29364	1125	30	the	the	DT
29364	1125	31	conduct	conduct	NN
29364	1125	32	of	of	IN
29364	1125	33	the	the	DT
29364	1125	34	operation	operation	NN
29364	1125	35	.	.	.
29364	1126	1	One	one	CD
29364	1126	2	last	last	JJ
29364	1126	3	point	point	NN
29364	1126	4	remains	remain	VBZ
29364	1126	5	to	to	TO
29364	1126	6	be	be	VB
29364	1126	7	cleared	clear	VBN
29364	1126	8	up	up	RP
29364	1126	9	.	.	.
29364	1127	1	The	the	DT
29364	1127	2	seller	seller	NN
29364	1127	3	of	of	IN
29364	1127	4	the	the	DT
29364	1127	5	goods	good	NNS
29364	1127	6	in	in	IN
29364	1127	7	the	the	DT
29364	1127	8	silk	silk	NN
29364	1127	9	-	-	HYPH
29364	1127	10	importing	import	VBG
29364	1127	11	operation	operation	NN
29364	1127	12	described	describe	VBN
29364	1127	13	gets	get	VBZ
29364	1127	14	actual	actual	JJ
29364	1127	15	money	money	NN
29364	1127	16	for	for	IN
29364	1127	17	the	the	DT
29364	1127	18	goods	good	NNS
29364	1127	19	as	as	RB
29364	1127	20	soon	soon	RB
29364	1127	21	as	as	IN
29364	1127	22	he	-PRON-	PRP
29364	1127	23	ships	ship	VBZ
29364	1127	24	them	-PRON-	PRP
29364	1127	25	--	--	:
29364	1127	26	where	where	WRB
29364	1127	27	does	do	VBZ
29364	1127	28	this	this	DT
29364	1127	29	actual	actual	JJ
29364	1127	30	money	money	NN
29364	1127	31	come	come	VB
29364	1127	32	from	from	IN
29364	1127	33	?	?	.
29364	1128	1	In	in	IN
29364	1128	2	the	the	DT
29364	1128	3	last	last	JJ
29364	1128	4	analysis	analysis	NN
29364	1128	5	,	,	,
29364	1128	6	from	from	IN
29364	1128	7	the	the	DT
29364	1128	8	discount	discount	NN
29364	1128	9	market	market	NN
29364	1128	10	in	in	IN
29364	1128	11	London	London	NNP
29364	1128	12	,	,	,
29364	1128	13	from	from	IN
29364	1128	14	the	the	DT
29364	1128	15	man	man	NN
29364	1128	16	in	in	IN
29364	1128	17	London	London	NNP
29364	1128	18	who	who	WP
29364	1128	19	discounts	discount	VBZ
29364	1128	20	the	the	DT
29364	1128	21	draft	draft	NN
29364	1128	22	after	after	IN
29364	1128	23	it	-PRON-	PRP
29364	1128	24	has	have	VBZ
29364	1128	25	been	be	VBN
29364	1128	26	"	"	``
29364	1128	27	accepted	accept	VBN
29364	1128	28	"	"	''
29364	1128	29	.	.	.
29364	1129	1	The	the	DT
29364	1129	2	exporter	exporter	NN
29364	1129	3	in	in	IN
29364	1129	4	Canton	Canton	NNP
29364	1129	5	gets	get	VBZ
29364	1129	6	the	the	DT
29364	1129	7	money	money	NN
29364	1129	8	direct	direct	JJ
29364	1129	9	from	from	IN
29364	1129	10	his	-PRON-	PRP$
29364	1129	11	banker	banker	NN
29364	1129	12	in	in	IN
29364	1129	13	Canton	Canton	NNP
29364	1129	14	,	,	,
29364	1129	15	but	but	CC
29364	1129	16	the	the	DT
29364	1129	17	latter	latter	JJ
29364	1129	18	is	be	VBZ
29364	1129	19	willing	willing	JJ
29364	1129	20	to	to	TO
29364	1129	21	let	let	VB
29364	1129	22	him	-PRON-	PRP
29364	1129	23	have	have	VB
29364	1129	24	the	the	DT
29364	1129	25	money	money	NN
29364	1129	26	in	in	IN
29364	1129	27	exchange	exchange	NN
29364	1129	28	for	for	IN
29364	1129	29	the	the	DT
29364	1129	30	draft	draft	NN
29364	1129	31	only	only	RB
29364	1129	32	because	because	IN
29364	1129	33	he	-PRON-	PRP
29364	1129	34	(	(	-LRB-
29364	1129	35	the	the	DT
29364	1129	36	banker	banker	NN
29364	1129	37	)	)	-RRB-
29364	1129	38	knows	know	VBZ
29364	1129	39	that	that	IN
29364	1129	40	he	-PRON-	PRP
29364	1129	41	can	can	MD
29364	1129	42	send	send	VB
29364	1129	43	the	the	DT
29364	1129	44	draft	draft	NN
29364	1129	45	to	to	IN
29364	1129	46	London	London	NNP
29364	1129	47	and	and	CC
29364	1129	48	that	that	IN
29364	1129	49	some	some	DT
29364	1129	50	one	one	NN
29364	1129	51	there	there	EX
29364	1129	52	will	will	MD
29364	1129	53	eagerly	eagerly	RB
29364	1129	54	discount	discount	VB
29364	1129	55	it	-PRON-	PRP
29364	1129	56	.	.	.
29364	1130	1	In	in	IN
29364	1130	2	that	that	DT
29364	1130	3	way	way	NN
29364	1130	4	the	the	DT
29364	1130	5	Canton	Canton	NNP
29364	1130	6	banker	banker	NN
29364	1130	7	gets	get	VBZ
29364	1130	8	his	-PRON-	PRP$
29364	1130	9	money	money	NN
29364	1130	10	back	back	RB
29364	1130	11	.	.	.
29364	1131	1	The	the	DT
29364	1131	2	only	only	JJ
29364	1131	3	party	party	NN
29364	1131	4	who	who	WP
29364	1131	5	is	be	VBZ
29364	1131	6	out	out	IN
29364	1131	7	of	of	IN
29364	1131	8	any	any	DT
29364	1131	9	money	money	NN
29364	1131	10	during	during	IN
29364	1131	11	the	the	DT
29364	1131	12	time	time	NN
29364	1131	13	the	the	DT
29364	1131	14	silk	silk	NN
29364	1131	15	is	be	VBZ
29364	1131	16	being	be	VBG
29364	1131	17	manufactured	manufacture	VBN
29364	1131	18	and	and	CC
29364	1131	19	sold	sell	VBN
29364	1131	20	in	in	IN
29364	1131	21	Paterson	Paterson	NNP
29364	1131	22	,	,	,
29364	1131	23	N.J.	New Jersey	NNP
29364	1131	24	,	,	,
29364	1131	25	is	be	VBZ
29364	1131	26	the	the	DT
29364	1131	27	party	party	NN
29364	1131	28	in	in	IN
29364	1131	29	London	London	NNP
29364	1131	30	who	who	WP
29364	1131	31	has	have	VBZ
29364	1131	32	discounted	discount	VBN
29364	1131	33	the	the	DT
29364	1131	34	shipper	shipper	NN
29364	1131	35	's	's	POS
29364	1131	36	draft	draft	NN
29364	1131	37	.	.	.
29364	1132	1	The	the	DT
29364	1132	2	real	real	JJ
29364	1132	3	function	function	NN
29364	1132	4	of	of	IN
29364	1132	5	the	the	DT
29364	1132	6	banker	banker	NN
29364	1132	7	,	,	,
29364	1132	8	then	then	RB
29364	1132	9	,	,	,
29364	1132	10	in	in	IN
29364	1132	11	these	these	DT
29364	1132	12	Commercial	Commercial	NNP
29364	1132	13	Credit	Credit	NNP
29364	1132	14	transactions	transaction	NNS
29364	1132	15	is	be	VBZ
29364	1132	16	to	to	TO
29364	1132	17	open	open	VB
29364	1132	18	up	up	RP
29364	1132	19	the	the	DT
29364	1132	20	international	international	JJ
29364	1132	21	loaning	loan	VBG
29364	1132	22	market	market	NN
29364	1132	23	to	to	IN
29364	1132	24	the	the	DT
29364	1132	25	importer	importer	NN
29364	1132	26	.	.	.
29364	1133	1	Through	through	IN
29364	1133	2	the	the	DT
29364	1133	3	system	system	NN
29364	1133	4	now	now	RB
29364	1133	5	in	in	IN
29364	1133	6	force	force	NN
29364	1133	7	this	this	DT
29364	1133	8	is	be	VBZ
29364	1133	9	accomplished	accomplish	VBN
29364	1133	10	by	by	IN
29364	1133	11	a	a	DT
29364	1133	12	banker	banker	NN
29364	1133	13	in	in	IN
29364	1133	14	New	New	NNP
29364	1133	15	York	York	NNP
29364	1133	16	issuing	issue	VBG
29364	1133	17	a	a	DT
29364	1133	18	credit	credit	NN
29364	1133	19	and	and	CC
29364	1133	20	by	by	IN
29364	1133	21	a	a	DT
29364	1133	22	banker	banker	NN
29364	1133	23	in	in	IN
29364	1133	24	London	London	NNP
29364	1133	25	putting	put	VBG
29364	1133	26	his	-PRON-	PRP$
29364	1133	27	"	"	``
29364	1133	28	acceptance	acceptance	NN
29364	1133	29	"	"	''
29364	1133	30	on	on	IN
29364	1133	31	drafts	draft	NNS
29364	1133	32	drawn	draw	VBN
29364	1133	33	under	under	IN
29364	1133	34	that	that	DT
29364	1133	35	credit	credit	NN
29364	1133	36	.	.	.
29364	1134	1	The	the	DT
29364	1134	2	combination	combination	NN
29364	1134	3	makes	make	VBZ
29364	1134	4	the	the	DT
29364	1134	5	drafts	draft	NNS
29364	1134	6	_	_	NNP
29364	1134	7	good	good	JJ
29364	1134	8	_	_	NNP
29364	1134	9	;	;	:
29364	1134	10	makes	make	VBZ
29364	1134	11	the	the	DT
29364	1134	12	great	great	JJ
29364	1134	13	discount	discount	NN
29364	1134	14	market	market	NN
29364	1134	15	in	in	IN
29364	1134	16	London	London	NNP
29364	1134	17	willing	willing	JJ
29364	1134	18	to	to	TO
29364	1134	19	take	take	VB
29364	1134	20	them	-PRON-	PRP
29364	1134	21	,	,	,
29364	1134	22	and	and	CC
29364	1134	23	absorb	absorb	VB
29364	1134	24	them	-PRON-	PRP
29364	1134	25	,	,	,
29364	1134	26	and	and	CC
29364	1134	27	advance	advance	VB
29364	1134	28	real	real	JJ
29364	1134	29	money	money	NN
29364	1134	30	on	on	IN
29364	1134	31	them	-PRON-	PRP
29364	1134	32	.	.	.
29364	1135	1	And	and	CC
29364	1135	2	for	for	IN
29364	1135	3	the	the	DT
29364	1135	4	opening	opening	NN
29364	1135	5	up	up	RP
29364	1135	6	of	of	IN
29364	1135	7	this	this	DT
29364	1135	8	great	great	JJ
29364	1135	9	reservoir	reservoir	NN
29364	1135	10	of	of	IN
29364	1135	11	capital	capital	NN
29364	1135	12	the	the	DT
29364	1135	13	importer	importer	NN
29364	1135	14	here	here	RB
29364	1135	15	has	have	VBZ
29364	1135	16	to	to	TO
29364	1135	17	pay	pay	VB
29364	1135	18	an	an	DT
29364	1135	19	interest	interest	NN
29364	1135	20	rate	rate	NN
29364	1135	21	of	of	IN
29364	1135	22	but	but	CC
29364	1135	23	from	from	IN
29364	1135	24	one	one	CD
29364	1135	25	to	to	TO
29364	1135	26	two	two	CD
29364	1135	27	per	per	NN
29364	1135	28	cent	cent	NN
29364	1135	29	.	.	.
29364	1136	1	per	per	IN