The Washington times., 1915-07-16
WALL STREETS BRAINsToRn

There are two ways in which be-
ligerent and other foreign peoples
can be helped in this country to fl
nance their vast purchases here.
One is to lend them outright in the
very market where they are buying.
The other is to pay them cash for
all of the American securities owned
by them that they are willing to put
up here for sale.
In either event no money will go
abroad. What is realized by the
foreigners from placing their bonds
and notes with US or liquidating
American securities that they may
be willing to part with will remain
here as credits, which they will ex-
tinguish just as fast as they can get
from US war and other supplies to
cancel out the credit that they raise.
Placing foreign notes and bonds
here will be from start to finish
pretty much a business for our
banks. The banks will take them
and for the most part the banks will
have to keep them. For that rea-
son such help will have limit. Our
banks always can go some distance
without the public, but it is never a
great distance.
But if foreign owners CT Ameri-
can securities want to sell them they
can do so whenever they offer them.
Not to Wall Street-that is, the Wall
Street as we think of it. Wall
Street doesn't want to buy the
American securities that Europe
owns. Wall Street has gone ofi it's
head on the so-called war stocks.
Foreign investors don't own Anleri-
can securities of that sort. They
own standard American railway and
industrial stocks and bonds. They
haven't any war stocks to sell; and
let it not be forgotten, too, that
neither now, when the war stocks
are inflated like toy balloons, nor
after the war, when they have
popped like the same balloons, will
foreigners want to buy the war
stocks. They will want to buy back
the standard shares. Though they sell
them now, cheap, they will be glad
to buy them back, when they can,
dear.
Yet if Wall Street as we know it
is blind to the bargains of real and
lasting value to be had from for.
eigners who must sell at what prices
are offered, there are plenty OF
clear-eyed and hard-headed Ameri.
can investors who do see those bar,
gains and who do want all of them
they can get. And they have the
money to take them and pay fol
them. They are the farmers who
have. been coming their crops and
the manufacturers who have been
minting their products into gold, the
wage-earners who have been saving
their surplus earnings for just such
choice investment at low prices
the investors who don't gamble in
soaring balloons or narrow margin
but for the good American stocks
and bonds put upon the counter al
bargain prices plank down the colo
cash and take them away.
Wall Street, the Wall Street which
is frantically gambling in dreams
that will never come true, is throw.
ing to the winds an opportunity
which it has not had before in this
generation. But the American pub
lie is putting hundreds of millions
and has hundreds of millions more
to put into the things-the STANDARD
American stocks and bonds-that
are investments coming true today
tomorrow and far into the future al
secure private fortune and prodig
ious national wealth.
Wall Street, without a leader
gone chasing after wild visions
Wall Street suffering a war stool
brainstorm, has not long to run OIL
it's present course before it becomes
an object of ridicule for the plow
boy on the Kansas prairie and tn
cattleman on the Montana range a
they count up the golden results o
their faith in the American proper
ties that are unquestionably sure il
the brief months of war and fabu
lously rich through all the long gen