The Washburn leader. [volume] (Washburn, McLean County, N.D.) 1890-1986, 1900-03-17
t,sT.1rel oEeD,1.

EAT'Sf.Sl SEFDlT.
The Estimate In Which the Securities Of
Various Satior: =: Held.
Among the natiOli Of the world
which are in the market al borrow
ers of money upon bonds England
stands FIRST, paying an average of
about 2 1-2 per cent Oh it's funded
securities. The reason for this high
credit is twofold: There is a larger
amount of idle and uninvested mon.
:ey in England than in any other
country of the world, and addition
al security for the debt of Great
Britain ia furnished in the enormous
colonial possessions and commercial
rights acquired by the British
crown. The prevailing rate of inter-
est on all loans is less in England
than elsewhere, and the effects Of
this plethora of money r shown
in the low rate of interest at which
the English government is able to
. borrow money. The total debt of
Great Britain Ia about $3, 300, O00,-
600, or at the rate of about s88 per
capita in the three kingdoms of
England, Ireland and Scotland.
Second on the list of countries IL
respect to the low rate of interest at
which government loans are made
II the United States, which, with
an outstanding interest hearing debt
Of about 5000. 0oC, COO, pays the equiv
alent of about 2 3-4 per cent. The
debt per capita Of the United States
is about SIS. an amount materially
smaller than the average of the
debt of Great Britain, but represent
ing only the federal obligations.
the several states, counties and mu-
inequalities having debts of their
own to much larger amount collect
lively than the federal debt.
The financial credit of the king
dom of Holland is very nearly as
good as that of the United States,
though the debt Per capita Of the
Dutch kingdom Is nearly 500.
France follows fourth on the list, a
position due to the enormous amount
of national debt. which is nearly
81, 900, 900. OCC, ut the rate Of about
$12O per capita. Money brings in
commercial investment a higher
rate of interest in Franco than in
England, and the French loans are
made subject to this condition. The
8 per cent French government bonds
cell at about 101, which is equiva-
lent to nearly 3 per cent on an in
vestment. Those IF the kingdom Of
Sweden and OF the kingdom of Bel
GUM are quoted nearly as high,
though the governmental debt Of
Sweden is $13 per capita, and that
of BELGIUM is sG3. The government
obligations Of the Kingdom of Nor
way, a country which has but s.
debt per capita, pay somewhat more
than 3 per cent, and next follow. il
the estimation Of investors, the gov
eminent loans of Gernany-impe
rial loan-which Fay about 3 Ia pc,
cent. Each Of the German states hae
Its own bonds, and there ere Germaa-
government bonds in addition. The
Prussian bot,ls Fay a traction more
than those Issued by the Gerlnal
government, and then follow III o.
der those of Austria, Russia and
hungary.
This may Ee said to exhaust the
list of nations which are regarded
"a thoroughly solvent by disintcr-
ested investors. The s per cent
bonds Of Italy sell at ss cents On the
dollar. The Turkish 6 Fer cent
bonds, protected by tho lien Of Gus
toms receipts, sell at 80. Mexican 6
per cent bonds sell at 06 and Span.
ish 4 per cent bonds at 50. The bCnd.
cd debt Of Portugal is not held in
high estimation, it's 3 per cent bonds
being sold for about ~ cents on the
dollar, while the 4 per cent bon'a
Of Greece sell no higher China's {
per cent bonds bring par, and the
Bulgarian 6 per cents sell at co.
New York Sun.
QUEER PURCHASES BY MAIL.
ACaps Colony Man Who Sent . Long Way
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