Within the past few years, a system of foreign exchanges has been
perfected in this country, by which the smallest sum of money can be
remitted either way across the Atlantic, with perfect security and the
greatest dispatch. Drafts are drawn as low as 1s. sterling, which are
cashed in any part of Great Britain or the United States. This, to
emigrants who wish to bring over their money without fear of loss, or to
residents here who wish to remit small sums to their relatives or
friends in Europe, to enable them to come to this country, is of vast
importance, as it guarantees them against loss; that is, when the drafts
are good. This is, therefore, the great point at issue. To obtain drafts
of undoubted credit and security is the first thing to be considered.
There are dozens of drawers on both sides of the Atlantic, all of whom
have their friends, who place more or less confidence in the character
of the bills drawn. We have no doubt they are all sound and solvent. We
know nothing now to the contrary. The drafts can be obtained in any city
in the Union, for any amount, from 1s. sterling upwards, drawn upon some
place in Europe; and drafts can be obtained in various European cities
payable in any city of the United States.--_Abridged from the New York
Herald._