The Birmingham age-herald., 1915-07-29
gland Expects to Remain
 Creditor Nation In Spite of War Drain
1ORMOUS FUNDS
 ALWAYS ON HAND
uster Has Always Taken Great lterest In American Affairs and Is Popular In New
 York
By HOLLAND

 ister has recently spoken for England, as a public servant holding official e, but as one of the great bankers of don. Probably no other banker of ion could command a wider hearing in United States for anything he might For Sir Felix has personal acqualn- e with Americans gained not merely IS office as governor of one of the bank of London. but also secured ugh visits to the United states. This not made exclusively with American sers. Sir Felix gained intimate &C., ntance some years ago with several he more prominent American manu- lrers and it was probably from them. Ter than from the bankers, that he red information which he spoke of astonishment both here and after he rned to London from a visit to the ed States a few years ago.
 few days ago Sir Felix said to his ciates in one of the great banks of lon that there Is no doubt that Eng can deal successfully at home with war loans no matter how great they be. No higher authority in London, asst one not associated with the gov lent itself, could have made state so gratifying to the United States as this one. For If England can deal essfully at home with her great war then the United States can with handle and master some of the im- ant problems of international financ- which we will be constantly called to solve.
 me of the figures quoted by Sir Felix, rding to dispatches from London, con- statements made by Henry P. Davi- as reported by his friends in the icial district shortly after his re- from his visit last winter to Lon Sir Felix re ported to his associates in 13 of the London banks there are eposit, reduced to American money, i,0O0,0 Of this amount, $SSS, ,O0O, J00 in cash. Presumably the balance of
 deposits, about 5000, o0,00o repre- sd unimpeachable credits.
 ;ures of this kind show how greatly lon still surpasses New York city as oney center, although our own re- ees of this kind are rapidly and enor- sly increasing. London, however, is t Britain, while New York is the s,r of one of F federal reserve dis in the United States.
 4 Felix is also quoted as having said England must remain a creditor na-
 This would indicate that he expects he' debt on account of the war will ept at home. England will be a deb- to her people, and her own people be her creditors. Of course, this does -efAr to payments made on purchases ar supplies.
 doUAedly Sir Felix had reference to neces,sy for England so to preserve after t.s 7sar to increase her trade ions and he. financial associations other nations as to enable her to .tain a credit balance on this &C., t. That this is the purpose of Eng has been believed by leading Amer manufacturers for the past six or
 months. Some of them have been ious about expressing this opinion. ge w. Perkins, however, recently .d it when he stated for publication whatever the exigencies of the war. and would steadily maintain as fal possible her industrial strength, SD immediately after the war Is eaded United States may expect to see q drive made by England for the com Id C. some of the American markets. Perkins intimated that ne IS aprre- i've that the drive will be successful ss Congress should modify some of sclcduies ir the present teisfs law. Sir Felix As An Authority
 pout 10 years ago. Sir Felix visited Inited States with several purposes in l. some of which related D financial CTS. but perhaps the chief one was Il V of ti.c amazing development of rican industry, especially in the csp- of ffieicr markets. He was d well e visItor ia the presidents rooms of of the larger banks of New York. ,ue-t nllnent position as great hank CT fndcn and q certain charm of person Y liioh characterized him cauY n Linn !. treated raost cordially. Ee wa 'h- .ted in stme of the new struc.'nes .h St, tral banks of New York had completed. He made critical inspec- os the facilities for conveamnt hanr : which these buildings illustrated. He lot T very loquacious ma1. and for reason what he said while here was ned all the more important.
 Felix iIlmated in few woods that lttent .on had been directed Cor several S to statistics from the Unitel 5tacts ,h St temc,l to indicate that Az ierican ufacturcis were beginning to c,ai- d a considerable part of the markets .h tttore had been dominated : \ F.ns-
 auo to snme extent, by GsrnIan.. first time he observed these isu,o s .sirrred to him that they mignt i"port mcre than an ephermerai condition. succeeding yearly reports showed con- [ increases in the figures of the cx- |s of American manufactured com ities. If these figures were main- led for few years in the future, then las probably that the exports of man. yaured articles from the United States Md have a greater money value then h csports of agricultural products. His to various large manufacturing com- .itics confirmed his suspicion that this croer of things was about to be es- ished.
 ,cn his return to London. he Is under Id to have said to his banking asso- es that there was likely to be ,t change in the United States, so thai Fad of becoming prc-eminently an ex- ter of agricultural products the United tes was likely to gain pre-eminence SC as exports were concerned in manu' ured communities. That meant, o rse. continued and intense competition England as well as with Germany t prediction was proved last year te e been accurate.
 pparently Sir Felix. as he. looks into future, is persuaded that Englanc st immediately after the war make ,rous efforts to regain the interna a, trade which the war has in pari ,ewhat impaired. for it is essential i kland is to remain creditor nation sir Felix says she must. that she re ar and increase her foreign commerce
 Marriage Licenses
 he following niarr'are licenses wer' keroay recorded in the office of th' bate judge:
 Ss I. peaton. Demopolis. to Miss Lizzie levers.