The Washburn leader. [volume] (Washburn, McLean County, N.D.) 1890-1986, 1900-02-24
NsTicr,AL CREDIT.
Tie Estimate In Which TIL. Securities OF
Various Nations Are Held. "

NE iCrAl CttF OIl.
The Estimate In Which thu. Securities OF
Various Nations Are z;e!d.
Among tic uatior; Of the world
which are in tho market as borrow
Frs Of money rlon bonds England
stance l.rst, paying an average of
about 2 1-2 per cent OIL it's funded
securities. The reason for this high
credit is 1wofold: There is q larger
amount Of idle and uninvestcd mon
cy in England lhun III any other
cornt::y of tie world, acl addition
Fl sccSrity for the debt of Great
Britain is furnished in the enormous
colonial pc..sessions and commercial
Lights acquired by the British
crnwn. The prevailing rate of inter
est GA all loans is less in England
than elsewhere, and the effects of
this plethora of money are shown
in the low rate Of interest ct which
the English government is able to
Eorrc:v money. The total debt Ct
Glcat Britain is clcUt $500, OO0,-
COO, OF CT tic ra.e Of about SIS per
capita in the three kingdoms of
England. Irclald ard Scotland.
Second TN the list of countries ir
ref1cct to tie low rate of interest at
which government loaEs are made
is tie UNITED States, which. with
an outstanding interest Eessing debt
al about y.t0, LGC, Geo, rays equiv
silent nf about Z "a lcr cert. Ito
CeEt lcI capita ct tie United States
II about sl5. al amount materially
smaller than Tie average OF tho
6ebt OF Great Erit&in, but represent
ing only ;Ee federal obligations.
the several :.utcs, counties ard n-u-
Liciraliries having debts Of their
own to much larger amount collect
lively than the federal Gebt.
The financial credit CT the king
Go,n Of Holland IS very nearly as
Iocl as That of the United States.
though the debt Per capita Of the
Dutch LlngdCm is nearly 500.
Farce fellows fourth on tho list, Il
position due to the enormous amount
GE national dalt. which is nearly
5000, OOo, 0CG, 1T The ratio OF about
$50 Ecr capita. Money brings in
commercial investment Il higher
rate Of interest in France than i'll
England, and he French loans are
made subject to this condition: Tho
Bier cent French government lonGs
sell at about 1C1, wLic!. is ecuiva-
lent to nearly 3 per cent on an in
vestment. Those of the kingdom Of
Sweden and of the kingdom OF Bel
gium arc quoted nearly rs high.
though the governmental AeLt cf
Sweden is s13 per capita, aEsl that
OF Belgian is 500. The government
obligations Of the kingdom Of fScS-
way, Il country which has but 81
debt pc: capita, pay somewhat more
than s Fer cent, and next follow, IN
tic estimation OF investors, tho gov
MnE:e1-t loans of Germary-impe,
rial loan--wEich pay about 8 IA per
cent. Each Of the German states has
its own bolids, and there are German
government bonds in addition. The
I'russiun Loads pay Il traction more
tl-an those issued Ey the German
government, ard then follow in o.
dcr tLo.e of Austria, Russia aud
Hungary.
This nl:y lie said TO exhaust the
llat OF nations which gre regarded
rs thoroughly solvent by disinter-
estea Investors. The 5 per cent
bones Of ltaly tell at SS cents ON the
dollar The 1llhish 8 Fer cent
bonds, projected by the lien of Gus
toms receipts. sell at IS. Mexican Q
per cert LunLs sell at IS anl Span
ish 4 Ter cent bonds at SO. Tie Ltad-
ed debt of Portugal is not held in
high estinaation, its 3 per cent Londs
Leirg sold Tor about 20 cents on the
dollar, wl.ilo tie 4 Ter cent Lon'7
ii Greece sell no higher Chin;'at
I'er cent bonds bring par, and tbs
Bulgarian 8 per cents sell at Co.,
New York Sun.
4 Donbtfa, Yarn.
The siag5e of Troy was mostly a
myth. According to Homer's own
figures, if there ever was such a
man as Homer, Helen must have
heen at least GO years old when she
first met Paris, and oven in the he
roic period Of the world women Of
that age were q tribe passe.-Ex.
change.
g. YSI-i c.Ern I.EI