The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1891-10-22
HERE'S WHERE IT GOES.
over SoO'OOO,OO0 of Our Money Spent.
Annually in Europe.

Over S5O,OOO.OOO of Our Money spent
Annually in Europe.
Ihe number of American tourists il,
foreign countries every year is so
large that the amount of money thew
spend abroad becomes matter Of nm
common interest. AAeading financial
writer, says the Philadelphia Ledger
has recently estimated the amount
spent by American travellers in foreign
countries every year at about 800, 600,
600, this evidently being based upon
aD estimate Of 100, 900 tourists taking
out OF the country at least 81, 600 each.
This estimate, however. does not allow
for the sums of money brought by for
eigners into this country ,gand is there
fore valueless. The statistics for the
last fiscal year are not yet obtainable,
but for the year ending June 80, 1890,
covering IN part the period of the
Paris exposition, 238, 1879 persons left
the ports of the United States for for
eign countries OF these lO5, 1856 went
as cabin passengers, and the rest in
the Storage. The same year 564,442
persons arrived from foreign countries.
~, 600 OF them in the cabin and the
rest the steerage. OF the arrivals,
88,017 were citizens of the United
States returning from abroad; 81, 1923
were aliens visiting the country, and
400, 3O2 were immigrants. AS to the
amounts of money carried and expen-
ded by these people it is, of course, all
matter of conjecture It is reason
able to suppose, however, that. on an
average every American tourist travel
ing in a cabin takes out of the country
500, OF 105,SS5 a cabin passen-
gers leaving in the year named
it is probable that; = 421,123
were foreign tourists returning
home. So that the actual number of
American tourists was S4,752, who
carried away $S4,762, 900. 1t is fair
to estimate that every foreign visitor
to this country brought here the same
amount that the American tourist car
rled away, and, if this is correct the
amount thus brought into the country
was $21. 1913, 900. The money brought
here by immigrants fairly enters into
the problem. Some Of the Immigrants
are known to bring considerable sums
with them. but the bulk of them land
with only small amounts, while thou
sands arrive actually penuiless.
their passage being paid by friends
and relatives in this country. An av-
erage of $50 for each immigrant is
certainly ample-it is probably excess
slve. An estimate on that basis, how
ever, makes the amount thus brought
into the country $22, 765, 900. The
1872, 254 steerage passengers sailing
from the United States to foreign ports
probably average per capita far more
money than the immigrants arriving.
On an estimate of 500 for each per-
son the amount thus taken away is
$l3, 225, 400. It thus appears that
$97, 9S7, 400 were carried out of the
country by departing passengers and
that $43, $685. 900 were brought into
the country by arriving tourists and
immigrants. This leaves a balance of
$54, O99, 400 against the United States
The item of expenditures of Americans
in Europe is thus a factor of some
moment in the financial situation. The
volume of European travel increases
every year. It is declared to have:
been heavier the last year than ever
before. Instead of So, 900 Americans
abroad as in 18S6-9Os it is probable
that the number was 100, 600 or more.
But an estimate of 100000, 600 for
the amount carried out by departing
tourists is exaggeration.