The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1911-01-13
The Worlds Money Lender.
tGlobe-D

S..,;st at meeting of the Royal
Statistical Society in that city, II
d.ve,ons that Great Britain has
abou, 81, 500, 600, 900 invested in
United States properties of various
so,,s d.. 900, 900, 900 of which is
in railways bonds and stocks. | MS
is a far larger sum than anyoooy ~
this country supposed England han
invested here, and the interest Oh -"
will partly account for the o's
invisible drain of cash rom Us
aus,v ve.r 1t helps to show why
wa met have a balance OF. severai
hundreds of millions OF dol'a's !"
our foreign trade annually to 0nSe'
the payments of money to hu'ope
for ocean freight carrying insurance
on il and other sorts of services.
This is only one item in the sum
Of the loans which Great Britain h as
m.de n the outside world, although
counting by countries, it is the
largest single item. The aggregate
of its loans amounts to more tnau
Or ooo 100000, and they cover
almost every country on the g'ooe'
email and great, except France
Tb., nation does its own financing
Thus 1t has fewer monetary cohVD'
sious than any other country A"0
:, ,ecovars from them quicker.
F,anoe,s creditors are all of its own
household The French people
always spend less than they earn
T,ry have something for a rainy
day. Here is one OF the 'ess 10
why the hank of France is called
upon to 60 TO the rescue Oh 'le
bank Of England occasionally as 1t
! was in 1886, IN 1890 aud i9oF
And always it responds.
: France, too, is money ienaer "
the outside world, but not 10 any
thing like the extent OF "fe"'
Britain. The latter nation Is the
un,ve,sal "uncle." 1t Subsldl& eo
Castro, Zelsyy, Nord Alexis ano
other Latin American dictators,
white. black and mixed, but usually
it demands security on which II can
realize if disaster comes 10 ene
borrower. 1t has "put up f0r
several "lost causes" from the
Jefferson Davis Confederacy to the
present Bonilla adventure in Hon
dutas. Sometimes, as when theY
nutobased hundreds of millions OF
Confederate bonds, the Srltlsh
lenders lose money. Butin general
they make profit. Tens OF milliohS
of dollars. of Honduras national
debt is due to British capitalists.
This. of course, will all be pal1
eventually. They have ieot oFs'
&Ioo. 900. 900 10 Mexico, and alm 81
as large sum to Brazil. dhe
United STATS is Mexico'S largest
credit.r. having placed more lhah
$500, 900, 600 In railways, Mines
factories, steamships, banks, mei-
camille h0uses and other forms OF
orouerty in that country. We have
about $500, 900, 900 invested III
other Lam. American countries ana
in Canada. But British money is
far more widely dlffused over the
earth than is American, and II Is
distributed IN immeasurably greater
volume IN the aggregate. lhiS Is
ore OF the reasons why England's
craftsmanship is obliged 10 concern
itself with the resources ana the
capabilities ofeveIy people on eaf'n'
When Webster, in his speech, III the
Senate, three-qusrteIs OF century
ago, was paying his magmhcen'
tribute to the power (Which mas
dotted over the seIface of the whole
globe with her possessions ano
military posts, whose, morning drum
beat, following the sun and Keeping
company with the hours. circles Int
earth with one continuous and
unbroken strain of the martial airs
of England, he touched on only
one aspect of that country's worId
activities and il huen 2.