The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1910-06-04

| New York. June 4.-That Europe is
now absorbing the wealth of this coun-
try at rate approximating $1,000, 000,-
900 ANNUALLY is the astonishing fact
just brought to light here by figures
collected for private purposes. For
many years there has been outspoken
criticism of the manner in which
foreign countries were acquiring great
American fortunes by the simple means
of exchanging titles for them in the
matrimonial market. Now, however,
the situation has become much more
serious for instead of marrying Ameri-
can millions, foreigners are taking
money out of this country through
commercial Investments at a rate of
twenty fold greater than that afforded
| by means of international alliances,
which, while they caused much more
comment, were really far less serious
than the present situation. Indeed the
extent to which American money is go
ing abroadat present is being discussed
as factor which may prove dangerous
to the continuance of this country's
| favorable trade balance. So strong is
the eastward flow of American dollars
and so many the outgoing channels of
this wealth that steps are now being
considered by which it may be checked.
| The greatest single amount in the ex-
pense account which takes out of the
| country annually a greater sum of
money than that required for the ex-
Ipenses of the federal government comes
| in the shape of dividends on American
securities which are held abroad. This
| item alone amounts to over $3.50, 000,-
600 much of which goes to France,
since that country has in the last few
years absorbed hundreds of millions in
stock and bond issues. More than
$3.50, 100000 is spent each year in
European shops according to the fig
ures just compiled, while upwards of
$3.50, 100000 goes each twelve months
from American pockets to those of
foreign hotel keepers, amusement own
ers and in other similar ways. More
than $10,O00,000, it is estimated, goes
for tips alone, In view of the fact that
there is no apparent reason why the
greater part Of this money should not
be spent in this country, it is apparent
that Uncle Sam will soon have to find
a means of stopping this financial drain
as compared to which that laid at the
uOOI VI SuPlu SlIIhS llltO
The row which has been going on
merrily for some months over the To-
cation of the citys new $4,000, 900 court
house soon to be erected is now further
complicated by controversies over the
design of the building, so that the
whole matter has become one of the
worst tangles which the city has ever
had to unravel. AS soon as it became
known that a new courthouse was to
be built, suggestions for its location be-
gan to pour in. Sites were suggested
Iall the way from the Harlem river to
the Battery and so insistent have the
partisans Of the various sites become
that there are now in the city several
very active leagues whose sole purpose
lis to locate the building according to
their ideas. But in spite of the fact
that no site has yet been chosen, the
advocates of almost innumerable de-
signs have already begun to cause fur
Their complications There are sup
porters to the proposal to construct the
building underground But as under
ground methods hardly seem to be