Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-12-05
PARIS SWARMS WITH
RICH AMERICAN
PAUPERs
FINANCIAL STRlNGENCY
EMBARRASSES WANDERERS
Drafts and Letters of Credit on
Strongest Banks in United
States Viewed With Sus-
picion Frenchmen
QBy Henri Dubois

Paris, Nov. 30.-The financial eri-
sis in America is being felt here III
4 rather extraordinary way-Paris is
Hull of wealthy American ''paupers''
who have plenty of money but who
are nevertheless practically penniless.
1t is extremely difficult to cas any
tAmerican check or draft in Paris.
twhiie those drawn on institutions
4known to be in financial difficulties
Twill not be accepted at any price.
Hundreds of Americans have
vswarmed into Paris from all parts of
{the continent during the past few
Hays. the majority of them having but
little ready money, but expecting to
replenish their funds by cashing
drafts and letters of credit on New
York institutions.
To their surprise all such docu-
ments were regarded with suspicion.
mo doubts were expressed as to the
solvency of the institutions named,
but. nevertheless, an advance was re-
fused.
To make matters worse. difficulty
has been experienced in securing
funds from New York. The scarcity
OF currency in America is the reason
given for the delay in transferring
money by cable.
Many of the banks and trust com
ipanies which contain funds belonging
ITO stranded Americans here have
1availed themselves of the law which
requires many weeks notice before
paying deposits. The depositors con
sequently find themselves in a very
embarrassed p~redicament.
Instances are related of American
women who find themselves practical
|ly penniless. after purchasing many
aNnnngtNn unpFnCH affhar % npptinu
|their purchases or reselling their
at a heavy sacrifice in order
ITO procure sufficient cash to pay their
fare home.
American energy is nothing but a
said NJ. Urban Gohier. the ia
nous lecturer, who was rather hard
on Americans I'm a lecture he delivered
the other day at the little university"
founded by an American lady for
American and French girls on the
Boulevard Malesherbes.
America, what a country" he ex-
claimed. They are all wealthy
there! What a wonderful idea of life!
When they come to France they dole
out stupidities, which, though they are
in fashion, are none the less stupidf-
thea,
America. they all tell us, is the
Sountry of all the energy. Energy,
that is the finest thing Americans can
say of themselves What rubbish,
The Americans are no more energetic
than we Europeans. They have luck
that is all. Finding themselves in
a new country. where they only have
TO stoop in order to harvest. and
where everything is to be had In
abundance-naturaIly, they succeed
The American millionaire says: I
have acquired great wealth, have
created a model farm, and workshops;
therefore | have energy.
why" continued NJ. Gohier, "the
real energy is found with us in old
Europe-the French peasant, for in
stance, who spends his days in Jul
tivating his hard and thankless land,
We have much more necessity over
here TO exercise our energy than the
Americans have. and we do so. Amer
lean energy is nothing but a bluff.
II am telling this to American
girls because the truth is always good
10 tell. and in telling ii | am doing a
service to American pride. Intelli-
gent Americans will know that the
fools are not those who criticise them.
but those who flatter them
NJ. Urbain Gohier Their spoke of the