The Alaska daily empire., 1915-06-30

Sir George Paish editor Of London Statist, and fl uancal expert for the British EScheQuer regarded bs many as the wlsest in the world on finance ane trade predicts that the balance of trade in favor of Che United States during the coming year will reach the enor nous total Of s2OoO.ooo0oo.
 The circumstance that it was Sir George who first predicted that there would be 8 s1OOooOo0o0 balance in favor Of the United States this year and that this country would become the financial and industrial cen ter of the world win have tendency to cause people to place confidence in his prediction. Last October when English bankers were demanding that American bankers pay in gold coin large part of the s25oooo. 900 to SsOOOOOoOo balance that they owed mostly for interest and dividends on American securities during ,he days when things looked darkest he the first to say that the tide of trade would turn toward the United States and that with the new currency and banking system that had adopted, America would soon become the greatest financial and business cen ter of the world He said that our currency sys- ter would permit expansion of our capacity to euen, credits that our country would be able to fi- nance an the people who would trade with us, carry every man who would produce foreign markets and provide the transportation facilities to carry the pro- duets This condition he said, would result in stream of gold flowing into the United States.
 Secretary of Commerce Redfield estimates that the trade balance in of this country will pass the billion dollar mark with the close of the fiscal year that terminates with today. That the figures ac curate is proved by the fact that banks swell teriue in gold It is stated thar there in New York S2OooOooOOo available for investment but that Che demand for i, has not yet appeared in such force as would be desireable Yet gold continues to come to the United States rom an directions and all cont- nents.
 The billion dollar excess of this fiscal year is more chan SsSOOOO0O0 above the highest previous record twobnuondolar excess would be over three times as large as that
 There is nothing improbable about Sir Georges figures t the war goes on into winter. Imports from Europe would in that ease tend to decrease rah- CT than to increase. Exports much larger than for this year would be assured by the promised larger crops and larger foreign needs and by the demand for munitions which have only slightly entered into this years exports.
 But such result is conditioned by Sir George on Americs willingness to take promises pay for much of this huge excess Of exports We lend freely if Europe isto buy freely This just what the coun. try able and willing do and has been doing Of late only remains for England Hnancier of the Allies. to bring on is loan propositions. America can easily lend money to her European customers even to thel extent of s2OOO0oO00o if Europe shall refuse to sell back our securities at going prices American bankers and business men understand that trade follows loans That Is why they are lending to South America and China, and Europe
 And when peace shall have come and the credit of the nations of Europe been restored to position of stability the United States will be able to lend to all the countries Of the old World money with which to set the men who now engaged in destruction at producing work in the rehabilitation of their devastated lands and thus enable chem to purchase more of the product of American factory and field