The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1912-03-20
DUTCH MONEY
IS OFFERED
Millions Are Seeking Investment
in This State, According
to Authorities
P. }. BUWALDA OF THIS CITY
HEARS FROM CAPITALISTS
Says That the Money Which Is
Sent Here Is in the Main the
Savings of the Daily Toilers of
Holland

That $S,000O00 Of Holland money
will be available for Investment in
Washington is an announcement
which has been made in several places
in this state among real estate people.
The money, it has been stated. was
properties in business centers p j.
Buwalda. of this city, who has repre-
scented Holland money here, is among
those who have heard of the money,
in fact, has been written to about it,
Mr.. Buwalda already represents 4
great strong Holland institution and
naturally is not interested in money
reports, but is Interested in real
money. If the people here would
save, as they do in Holland instead
of spending their money, they would
have capital of their own to invest
instead of being under the necessity
from time to time of borrowing for
eign money, said Mr.. Buwalda The
Holland money which is loaned here
is merely the savings of the work ing
people.
Much Dutch Capital
with exactness the amount of genuine
Dutch capital invetsed in American
securities. Many indications, however,
show that the tendency of European
capitalists to broaden their field Of
operations, placing their investments
in many different fields, has made
itself notably felt in the financial cir
Giles of Holland. and that Dutch cap
ital in recent years has been more
and more disposed to look to the
United States for obtaining good re-
turns for their investment money.
New York real esttae and city i'm
provements have appealed to Dutch
investors, and probably the tradi-
tional interest which Holland first ac-
CURED in the first settlement of New
Amsterdam still retains much force.
Considerable Competition
1t was through the investment made
by Dutch capitalists in mortgages on
American farms that an opening was
made for placing in Holland a large
portion of the capital stock of one Of
the big packing corporations on its
increase of capital
But American promoters find many
competitors in drawing upon Holland s
loanable funds. Canada, Mexico,
South America and Africa have all
sought aid from those having capital
a their command in Rotterdam and
Amsterdam. There has been the home
demand for funds to finance the in
dustrial developme nt in the Neither
lands and it's colonies, particularly
To =;
In consequence, the securities offered
by the foreigner must be of the
soundest character.
Money OF the Poor
The actual amount of money in
Holland has, of course, not dimin-
ished, but the organization of nu-
merous mortgage banks to do bust
ness with foreign countries has work ed
the field so thoroughly that available
funds are almost eXha listed, while the
developme nt of extensive agricultural
lands at home has also required more
capital. For this reason, one of the
oldest Holland American land loaning
companies has found it necessary TO
confine it's business to one state of
the United States, because it could
not get the money to supply a larger
territory
Though Holland is a country of
great wealth. it is not country in
which great fortunes have been made.
The richest man in Holland has a
capital of 100000 florins ($1G,-
10000. There are 1858 people al
together with incomes of $4,000 t.
$500 each. The money which Hol-
land loans abroad is the savings Of
the masses, acquired by small estab-
lshments or the great corporations,
in which shares are held by the peo-
pie.