The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1914-12-02
Promises to Continue Large
Purchaser of Products i'm
American Markets
WILL BE BIG FACTOR
AFTER WAR is ENDED
Prominent Americans Have in Recent
Years Been Paying Considerable
Attention to Russia as Field
for Development
By HOLLAND

New York, December 1.-(Special)
There must be foundation for the re-
ports which have been for some days in
circulation in the financial district inti-
mating that Russia is seeking to estab-
fish in some way large credit in the
United States which may be utilized in
paying for the commodities which the
Russian government expects to buy here.
None of the reports is detailed enough
to identify its source, but all of them
agree in the statement that representa-
tives of Russia or representations made
by Russia involve a plan for creating
in this city perhaps a larger credit than
any foreign government has ever estab-
lished in the United States. One of the
reports contains an intimation that Rus
STA may establish in some way branch
bank, although that is a rather crude
way of defining the purpose of that ma
ton Some sort of banking arrange
nent which will make 1t possible to per-
feet line of credits for Russia perhaps
unsurpassed even by those which Japan
secured in the United States at the time
OF her war with Russia is in contempla-
ton.
Russia has already bought heavily in
the United States and, the understanding
is, has paid cash for these purchases.
There are intimations that Russia would
be willing to pay even a good bonus If
in that way speedy construction of GER
tain war materials or implements which
may be used in Russia for the manufac-
ture of such materials can be guaran-
teed.
Whatever the other effects of the war
may be, so far as Germany is concerned,
it seems inevitable that for some years
after peace is declared Russia will de-
cline to purchase German commodities,
even assuming that Germany may regain
her industries that she will be able
soon after the war ends to sell her sur
plus commodities in other markets.
Some of the statistics which have been
brought to this city which set forth the
foreign trade of Germany show that I'M
til war began Russia was her chief Gus
Germany loses the United States may
permanently gain. However, this is a
remote consideration. The immediate
matter of interest is the earnest DISPOSE
ton of Russia to buy war materials and
equipment of all kinds, machinery and
TOOLS Sucn as are uSeu IOr MANUFACTURE
ing implements Of war and food which is
so packed as to make II available for
feeding armies. faf Asff WV
There seems to be a strong impression
that Russia will gain such banking and
financing facilities in the United States
as will make it possible for her easily
to continue her heavy purchases here.
When Peace Comes
Some limitations which have reached
New York from Russia suggest that the
great change which has chara cterized her
military system, her tactics. strategy and
the fighting qualities of her soldiers, is
not the only change which has occurred
in Russia since the close of the war with
Japan John Hays Hammond, when on
a visit to Russia some years ago of a
professional nature, speedily observed
that there had been an awakening in
Russia which pointed to industrial activ-
ity upon large scale. the construction