The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1915-06-08

Inv October there was an actu11 ball
ance IN our favor OF $16.00O.OOVl
which jumped to $50. 600, 600 IN NO
ivember. $4,000. e68. 900 IN Deem
S145. 100000 In March, which seems
|! to have been the banner month
Since that time tie favorable pas,
lance has been aroun< three mInon'
/ collars every day, which means that
1.-THE United States. because of foreign
trade. is deriving that much acsnal
profit Every time the Geek ticks,
fUncIe Sam Is ringing up on his casni
register S35 in a class OF prohts tnaI
he never before enjoyed
The profits that are coming to the
United States are not cue TO S.le facs
taat 1t is saving money by buying
less. As a matter OF fact, 1t is sell
ing more materials abroad than ~
ever sold in its history. Each sue
feeding month is showing that Amer
lea has sent abroad something Ike
than It did for the corresponding;
months OF last year when there was
peace.
| tc steadily increase the profits that;
the United Staees viii derive from;
this commerce There are many M
fuences working to reduce the over
lnSa0 expenses. AO5S 4A4S49AAASrsS>>H~>
iments that figure in getting at the
actual balance OF trade are being,
lchanged-
100000 that the Enited States had
borrowed from Europe. and upon
which it was paying interest," no
sooner did the war break out tnan
this debt began to be rapidly re-
duced. The debt had been accumu-
the IOk-l
flowing:
! An American city voted to bond IL
lself for a million dollars to put IN
Improved water works. Its bones
were absolutely good and and were
bought by European banking mouse
So did European money build tne
American water system, and so qua
the interest on that mony go aorodo-
But when the war broke out these
European banks wanter their money
They offered to sell their waterworks
bonds on the stock exchange until
i3hat avenue was closed. Then they
negotiated privately for such a SALE
They offered favorable terms amer
lean capital was ready to take up
such bonds at bargain, and sale
was soon arranged with It's coz
Summation the interest on this million
dollars ceased to go abroad OUT 1ouno
WsaN
The amount of TINS oeot Is oeAe
/ steadily cut down.
| For the great mass Of goods We
are exporting, the payment IS not al
WAYS in spot cash, and as long as the
bill is outstanding, interest IS pa1o
npon 1T. which again works In our
favor
But the most important feature Of
the situation, that tends to counter
act the interest charges we nave a.
ways paid to Europe, is the loan1ngl
OF American money abroad s
United States has always been Al
debtor nation. European money has
ALWAYS been cheaper to borrow tnan
American money, and the result mas
been that we have borrowed over
tbefe. but they have not borrower
! over here. The fact that we We're
debtor nation was not to our as
credit. We were a developing nanon
and needle dthe money for leg1tlnoa1e
expansion
Rut the great need in Europe has
fled to the offering of>such rates Of
interest as to make loans attractive
to America. Americas prosperity
has made 1T possible to make these
loans The tendency to float loans
in the United States was early evil
denced. when Sweden borrowed So
0oO,O0O0 Argentine S15,OOO,0SW
and Russia s25.oO0.oO0- Steadaty
this borrowing has increased me
United States IS rapidly becoming a
creditor nation It is abandoning its
old position Of borrower and be-
coming lender. It may easily hap
pen before the war is over that
flae balance OF six billions that stood
against the United States is mol
longer a balance, and that the over
head charge Of S225.0OO.OOO IN m
terest which each year it has oeeNi
having TO Europe may have been
suppIanted by 1nterest payments
from abroad
Then there Is the immediate saw
ing to America Of practically all OF
tS2S6.O00, 900 a year that was being
spent in Europe by American tou--
lists That money. kept at home, VIII
lessen the .incidentals accounts
against this country
! The money that foreign born resi-
dents OF America send home may not
be decreased It may even be in-I
creased. But accounts that are
usually boarded and taken back tot
Enrope. viii not go this year, for
HE European IS glad he is on this
side OF the water IN the time OF
reat stress. The bill for carrying
American exports to foreign ports Isl
materially increased by the war. for
freight rates are very much higher
The percentage OF freight carried mi
American bottoms is. however. great,
ler than before. so all the money does
not go abroad
Chamberlain,s Colo. Cholera and
Diarrhoea Remedy.
This is remedy that every family
should be provided with, and espe-l
ciaHy during the summer months
Think OF the pain and suffering that