Ultimately, however, the good European is free to start. Arriving at the French frontier in an hour or so, he will be held up for a long customs' examination. Also he will need to change some of his money into francs. His English money will be no good in France. The exchange in Europe is always fluctuating, and he will be cheated on the exchange. All European countries, including my own, cheat travellers on the exchange--that is apparently what the exchange is for. He will then travel for a few hours to the German frontier. There he will be bundled out again. The French will investigate him closely to see that he is not carrying gold or large sums of money out of France. Then he will be handed over to the Germans. He will go through the same business with the customs and the same business with the money. His French money is no further use to him and he must get German. A few more hours and he will arrive on the frontier of Bohemia. Same search for gold. Then customs' examination and change of money again. A few hours more and he will be in Poland. Search for gold, customs, fresh money. As most of these countries are pursuing different railway policies, he will probably have to change trains and rebook his luggage three or four times. The trains may be ingeniously contrived not to connect so as to force him to take some longer route politically favoured by one of the intervening states. He will be lucky if he gets to Warsaw in four days. Arrived in Warsaw, he will probably need a permit to stay there, and he will certainly need no end of permits to leave. Now here is a fuss over a fiddling little journey of 1,100 miles. Is it any wonder that the bookings from London to Warsaw are infinitesimal in comparison with the bookings from New York to St. Louis? But what I have noted here are only the normal inconveniences of the traveller. They are by no means the most serious inconveniences. The same obstructions that hamper the free movement of a traveller, hamper the movement of foodstuffs and all sorts of merchandise in a much greater degree. Everywhere in Europe trade is being throttled by tariffs and crippled by the St. Vitus' dance of the exchanges. Each of these European sovereign states turns out paper money at its own sweet will. Last summer I went to Prague and exchanged pounds for kroners. They ought to have been 25 to the pound. On Monday they were 180 to the pound: on Friday 169. They jump about between 220 and 150, and everybody is inconvenienced except the bankers and money changers. And this uncertain exchange diverts considerable amounts of money that should be stimulating business enterprise into a barren and mischievous gambling with the circulation.