The Washington times., 1914-11-29

George. owes Great Britain S5.J@,v1. ~"
1 il viii readily be recognized why IL mas
/ taken time TO work out plan W"lch
would permit "A resumption OF invest
ment trading without preciptaung a
panic I'm this country.
Notwithstanding the crippled conul-
ton of the commerce of the nteu
States. due to the closing of many
markets by the war. the trade balance
of the country is steadily increaslns
each month. Figures compiled by the
Department of Commerce show that LOT
the first ten months OF the wear TINS
balance was Sll4. 00oC01, despite the tacl
that export values fell p per cent when
compared with the first ten months OF
1915.
Lack of bottoms in which To ship the
products of this country is hamperlhs
the increase of export trade. and freSl-
den Wilson. in view of this fact. is said
10 still favor a Government-owned mer-
chant marine. While a number OF
! ships have taken American registry UNI
der the amended shipping regulations,
the foreign orders for cotton GredtE
exceed the number Of ships aNal'aoic
( for carrying carSoes-
In New York there are gathering
daily additional agents of foreign gov
ernments. particularly of the warning
nations, who have come TO purchase
supplies. That city is already being
regarded as the world market for such
criticise as eXaggerations the claims OF
orders placed with American companies.
one of these foreign agents few DAYS
ago said that American factories whlch
produce the munitions Of war are run
ming at their capacity.
Immense Orders Placed.
Orders of gigantic proportions for
rifles. shells. and cartridges have been
placed: aeroplanes, these agents say.
have been ordered by the hundreds: mo-
tor trucks by tine thousands: motor
cycles i'm unlimited numbers. barbed
wire by the thousands of tons. and rail-
road material. intrenching tools. blank
cts uniforms, oVercOats. shoes. ana
medical supplies in quantities never De-
fore known in this country.
Agents of the allies are the prin-
cipal buyers. but representatives of
Germany and Austria are also in New
York, making purchases. not with any
hope that they may succeed in secur-
ing deliveries in their countries. but
merely to reduce the supplies avail
able for their enemies
Applications for further loans from
France and Russia are said to be in
Wall Street. These are for sums com
paratively small. which might be made
by one or two banking houses or trust
companies, thus precluding any ques-
ton of a violation of President VIII
sons neutrality warning which might
ar Sc were the loans offered publicly.
These small loans are regarded by
many as simply entering wedges for
still larger loans. Those who criticise
the making of such loans call atten-
ton 10 the fact that in the past Amer
lea has depended largely upon Europe
to finance its great industrial enter
prises. At the end of the war all Of
the countries involved will require
evry penny of their surplus capital to
build up the industries which have
either been destroyed or crippled at
home. Consequently. America will be
thrown on its own res 'ources, and with
the heavy financing that the railroads
of this country will require in the next
three-years the affording the required
accommodations Will be no small I'M
dertal5ing for the American people.