davidaulloa/AmericanStories huggingface dataset:
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1916-07-02

iih 0os enqlii6e Gobinett, 0ltrdb ems
Ieines W3itqlieoer ocn Stonaoiern 5lt
beocuten, 0aB Shub5olle nlf 2ebens-
ntittcI fir oie nGdite 3iifitnit mtsgc-
idlolIen Ieien. glus Oen inouItrieaen
areiien GnaIon0S wir0 Oesbalb fir
sic 3uionncnfiinite Der |ertreter
Ger ariegsoerblluoeten in Sonoon
cine 9iei6e bon @oridldgeu auSgeor-
beitet, Die oae 0eu 3wed booen, oer
enoliIcben 9luSfubr oooltr1 einen pe'
por5iqten W1orft 5u idoiien ooB tl'r
lQmtlide Tn6rifote uno Salbtobrl.
fate. in 0encn Gnglano nit @ettlD'
lonO nidt fonfurriereu fonn filr oelt
oonscn @ierpcrbono gegen 9eutd'
Iono bobe 8ouidrouten oOer gerooe5iI
ginfubrDcrbote feitgeiest weroen.
Sine lolde gegen ein eiu3elnes Solio
qeridtetc Shub8olpolitif bat natlIr-
lid mcnig 9lusiibt auf Annabnle-
Oenn Die 5rnu5oien Stallener lluo
gfiiiien lul0 fllg genug, I'M oen Nel'
felshtB oieIes britiihcn YroletteS SIT
crfennen uno iiG 0ooor 81 iiheril, oeu
enaliihcn grportintereiien in ubnli-
der @eiie ouigeopiert 5uperoen mic
Sic @ortuQieien oitrd Den beribnitcn
W2ctbucn Gertrog bon 1903. Sil
itotiitiiWcu 9lngnben iiber ooS 8uriia-
bleiben Ser enoLiicben SIusiubr bon
;yobrifoten i'm @ergleih 81 Der mod
fioen g(usoebnllng oeS oelltlben 9luS.
fubrbanoels boben fir fcntiuentale
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1916-07-02
pie Sfut5OG6
in Gu9rano.

9ie Grreelng Der oifeutli9en
0eeinune, ole Der engliide Suuoels'
ininiiter 9funcimon ourb feline gln-
tiinOieung zines iiber oen 6rieOens-
IbluB binous oufrebt 81 erboltcnocn
SanoeIsfrieges oes @ieroerbouoeS
gegen Ieuti6lano beroorgcrilfen bot,
brinet Die natilrlidcit chamber pi.
oerirebenoen 5tronutngen in oen
perbitnoctcn 21noern iinO ben Der.
ibieoenen @epoltcrmgsflollen IN
ibnen oentlicD 5pnl &ori@ein. 9lnt
entiMieoeultcn bat Die italieniidc 9le,
gierung oert YlGnen elmer pirtidbait-
liHcn 9lbiperrirng eegen @euti6lono
gleib na9 ibrem SerOortreten ibrc
W1itmirfung peringt; ibr wlleOe IN
Der &ommcr le66aftcr 9eifoll geipcn.
oct, ais iie ole llnmoglidfeit tilr
Stolien betonte, iirb in pirtid]oitliDe
9lbb6ngi9feit bon oem benodbarten
Srdnfreih uno Dem iecbeberrl6euoen
England 6u itellen. 9lber oub in ben
engliiden aolonien regte iih Der 8i-
oerlprit gegen eincn @irti@oit5-
Derbono, ser iiber oos britiibe @e.
iomtreid binousoebcn iollte.
g'amentliM in aonooa perlongte
man itott oieicr lltopie Die &icoeralf-
nobme ocr &lduc oes Oerltorbcnen
britiIdcu SiaatSmanneS sSoepb
@bon6crloia ourA einen Sdub5oa
ouf ousldnoii@cn @ei5en llno onocre
Souptpro0iifte Der SIolonien Den 3iI.
iommenboug Oes 9icifes 5lt itorfen
Tos botte INN Die 3olge, ooB Die eng.
liicEen slr6clter gegen oie gIbliGt einer
fitn'EAben 8erteucrung Scr 2ebenS.
mitfcl S9ioeritono erboben ino oa
Die ergliic6e 9legierllng augenblidliA
olf 0cn giiten gSilen Der 9lrbeiters
organization angewieien it, 10 beeilte
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1916-07-02
Sine bnIaariide gibIiotbsf.

0ie buleoriiHen @eIebrtem Shriit.
teller uno @olitifer bnben iih on oie
gIrbeit semaht. Die G'runologe E
icboiien fir ein 8uionmeugeben 9uI.
9oriens nit 0eitihldno IN fliItirel.
ler uno mirtihaitliher Sinliht gS
lit cine 9ibliotbef ms 2ebet qerufen
lborOen Die ben 8lpcd bot. Ger bent.
iheu Sefientlihfeit In einer 9leite
bon biIligen @dnohcn in geneinper.
itan0liher 5orm itn0 Sprahc pbne
gelebrtct qluItridl nber bod anf nil.
lenlboitliher @ruuologe oas gUt.
ienSmerte iiber @uleoriens 2ouo unO
2eiitc, ibre Gigenart, 9ergougenbeit,
pirtiduftlihe 2o9e uip. 8uednglib
81 rlnhen. Die @orbeoinguna zines
8uiommen9ebens 3peier @oIter liz
Die eegenieitige glhtung, oie ioieoe-
rum mir aus n0berm Sidbtenmenler-
nen berporgebt. gln Der Spite oeS
llnternebmens iteben 0eutlhe @e-
lebrte. 70 llnioeriiidtsprofeiior &ofrot
Or. g9eiaono. Oireftor oes SnitihttS
fitr bulgariid0e Spracben in 2eip3ig.
ais Serausge6er. terner lluiperittdts.
profeiior Or. llebersbereer (g9ien),
llniperfitdtsproieiior Sr. D. glb6otb
(9uoopeiD, 9Sroieiior Or Roiiner
(8erlim. Ger 9ettor ser lluinerlitdt
in Sofia, Rroieiior Or. Slhirtop,
(ein S1iiler oeS beritorbenen @eo.
sropben 9iabeD. 1T Ger @erfoier ser
eriien beiOen 9dnoe Der 9iblioibef;
n9uleorien, 2on0 uno 2eiite"
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1916-07-02

2iberpool 70 iiberous tpicbtige Sbitfss
uno Gronsportbcrtcbr cine i1perc
@inbuBe erlcioen miiroe. oa Deutitb-
lamb nit folt 3 @daiar0en Wlarf
nGcbit oen @ereinigtet Stooten BON
g[merifo Der lpeitnts tpihtieite Er6.
ger oieles grperbSsueiaes lit. 9ies
lit ia mr. cine @ieoerbohtna oes Nlr-
Qunents. oas 1906 Oie @bonberloin-
iden @lone 5u 6oIle itno Der libera.
len @ortei I'M llnterbouie cine iiber-
mdItigenoe Niebrbeit ee6raht bat.
g(ud ooS gon8e bro uno contra"
oos it'd Inn sen NSdlnd]trrf elmer
uSSoir BolicD", mie iie oie fonierba-
tipe Eortei inter 6iibrung 0es Wlor-
quiS SoIisburp mitnihte, ongeiam-
melt bot. lit fir einen 10 einieitigen
9Sirtihoitsfrie9, pie er in Sufunft
eeeen 0eliti9lano gefiibrt werOet
ioa, nidt ins 5elO 5u fiibren. @rit-
tens miro ober audi in england nimt
iiberieben peIde 9ieflame man fir
oie lle6erleaenbeit scr Oelitiden Su-
ouitrie inaht, ipenn man inter ga.
meptotionen ouf iol6e oer5peifelten
9fettunssnlittel oenft, pie iie bon ser
2onooner Staotsmdnner &onieren5
oeS &ierberbon0es ermortet perOer.
Wlou erinnert iih oob nod oes 5ebI.
irbloees, ocn ole gegen '9elltihlono
eeridtete @eiesgebune nit Dem be-
riibmten oWtooe in Germany" &c.
bradt bat.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1916-07-02

ben 9fedtsiaB. ponaA 6ie @emeinoen
fir Shooen beroiitiportlib iin0, Die
Ourd gluflGufe uno ionItiee glngriffs-
bon0luusen ouf ibrem @ebiete ent-
Iteben, auf oie ougemeine @eripaltlIng
iibertroee. Die fir Die g8irfingen
fein0lider 9lngriffe baftbor iein ulii,e-
Dieie Oronung wiiroe natiirlih Elm
@eieB erfor0ern. Sci Ser Gerbono-
lung ipuroe II. a. ongefiibrt, Dab oie
Stoot Goroiif fir i6re @ebGitOe einen
&eriicberimgsiab non einem bolben
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1916-07-02

iino IN ieoem ein5eluen Sale Oieie.
nigen 81 entiddoigen, oic inter
feinolihen 9lngriffen 5u leiOen botten.
g8ie Der SmiptreOner ousfiibrte, lit
es Den Wlitelieoern Ser 8ereinigun9
nirbt oorlun 5u tiin, ser 9iegierrng
iShfpierigfeiten 5u bereiten; ioltc
Oiele niht ouf Die 9lnregung einee-
ben, 10 piiroe Oie @ereiniguna BON
einem pnrlamentorii6en @etreiben
Der 9(naeleeenbeit obieben. @s iei
ober 81 boffen, BOB 0ie 9ieaierlna
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1916-07-02
Sin ncnurtioer gScttbeiuerb.

Som @lro oeittiher glrhiteften lit
cine rebt intereilarte gleuerilng nif
Dem @ebiete oes @ettbeperbspeienS
uproftiid~ 5ur 9(uSiii6rung gebrodt
morOen. Gos 8cttbemerbsmeien, ooS,
tpenn es ridtig eebonobobt miro. biel
@utes nuf Dem @ebiete Der aunit
idaffen fam botte in oen Iesten Sab.
rem iebr biele gerioser oiti5uueiien
gebobt W1on CAB oent SDitem al ith
Die ShnlO imo iiberiob. 0aB Ii. q.
MIR monaelboft Doreeorbeitete 4ro.
eramme iino beionOers Die iibergroBe
@erlpenouna bon pgtidtfiinitlern" on
Stelle ribtieer ,aiinitler~ 0ic Sdul0
trogen. 0as Spltent Oes MettbemlrbS
fam in 9errui. Ole moneenebme
&eflane bon @eih1ftSorditeften
muHte iih ouBerOen brett, itnO Die
llebertrngune eroBer 9lufenben en-
iolgtc pielfucb an Die irnrihtige 30.
reiie. 6ebler uno WliBitdnoe noh bic.
len 9hhtingenl 8o lit eS MN Der
slnreetng oes g 9. ". inns guor oei.
len Srtsgriippe Sannoper 81 oanfen
0oB man einc nneue" glrt 0es gSctt.
bewerbSpeicns, sic 5wor friiber ihon
gelegentli1 einmol ober IN onoe-
rer glrt beriubt muroe, idui imo
weitere RegeIu aufitelIte. Qlan moIlte
bor ollem. nls 8reiSrihter nun BQlls
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1916-07-02

Bennp CA @fg) fir oos @funo Ster.
ling al entrihten bate; Die @eriihe-
rimg oedt bel ibr and cine gIn5obl
9riifen. Soro @ormoor teilte nit,
DoB elm gtusiduB, oeiien Obmonn er
mar. Dem bon II oOer 1S Suftangrif.
fen ongerihteten ShoOeu nahaeson.
gen mar un0 Die beimgeiubten @e-
biete an Der 9itfiiite benbt batte.
Ser NllisihuB eelongte 5u Der glniiht
ooB ser Sbooen. oen ein8elnen Crt-
i6often uno Yerionen erlitten, iih
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1916-07-02

ols erbebli1 eenug erpeiie, Inn Elm
@ingreifen 6es States 81 rehtferti.
gen. 0ie erlittenen gerliiIte ieien bic
g8irfune Der ariegSeefobr, Der Der
eii8elne ais 9iirger oes Sauoes aus
eeiett iei; ais iolder babe er gln-
ipru6 auf Sdo0losboltrtns; er ielbit
lei bililoS. @enn es ober bod cine
@eriicberune eeben ioIlte. 70 moge ser
Sat ndBig aeitelt meroen uno bon
oaen nibt BON einseluen @ruppeu
bon 8iir9eru entribtet peroen.
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1916-07-02

nigreids pertreten iinO, fuBte in elmer
Geriomnlling, oie i'm 9onooner Wlou.
iion Souie itottfono, einen 9ei6luB,
po0nr6 i'm g1omen bon elf Wfinio-
nen @inmobnern" oie Geeierlinq oiif.
aeforocrt miro, ouf Oie &erii6erlng
eeeen &riegsi4doen 81 per5i6ten
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1916-07-02
sSn Ser { Gommerfriidle.

glmeper: gto, mariinl MAIDEN Sie
Elm 10 nereniieteS @eiihi2
8emeDcr Sou ib mid nidat
treuen: meine Shmieoermutier
fonuntl
slmeger: Sit BENIN Oos Elm 70 gro-
BeS &eraniioen2
8emeper; 9latiirIibl 0ie fcm iue.
niaItens fodenI
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1916-07-02

inc 9ereinigitng fir ariegs-
entidaoieiineen in Der $40
SrtsDereiniguneen aus allen
Eeilen oeS &ereiniaten So
The Monte Vista journal., 1916-08-05
Binder Twine-Rio Grand.
Hardware Co.
The Best Laxative

To keep the bowels regular the
best laxative is outdoor exercise
drink a full glass of water half an
hour before breakfast and eat an
abundance of fruit and vegetables
also establish regular habit and be
sure that your bowels move once
each day When a medicine is need
ed take Chamberlain Tablets. They
are pleasant to take and mild and
gentle in effect. Obtainable everv-
where.
The Monte Vista journal., 1916-08-05

The w. c. T. U. will hold their
Annual Basket Picnic Wednesday,
Aug. 9Th, at the home of Mrs. Robt
Williams. All members and their
families are invited. There will be
picnic dinner at noon, and a good
program in the afternoon.
The Monte Vista journal., 1916-08-05
BIRTHS

Born to Mr.. and Mrs Emmett
Lloyd Monday, July 81, daughter.
Born to Mr.. and Mrs Palmer Con-
ant Tuesday, August /, son.
Born, to Mr.. and Mrs F.. T. Kurrl.
Thursday, Aug. 3. daughter.
The Monte Vista journal., 1916-08-05

Messrs. Il. l.. Carter and Harry
Morrison spent Sunday at their cab
in on South Fork.
The Monte Vista journal., 1916-08-05

Mrs. Fl. Il. Slocumb is enjoying a
visit with her mother, Mrs. f. II.
Welles, and daughter Polly, of
Grand Junction.
The Monte Vista journal., 1916-08-05

Mr.. and Mrs. Boyd B. Wallace
moved Thursday to their home, 1921
Second avenue, which they recently
purchased of Miss Eta breckenridge
The Monte Vista journal., 1916-08-05

Arch Deacon Schofield will hold
services at st. Stephens Episcopal
church. Thursday evening, August
10th, at p. NJ.
The Monte Vista journal., 1916-08-05

Mrs. Sampson of Boston is the
house guest of Mrs. H. l.. Morrison.
The Monte Vista journal., 1916-08-05

The Priscilla society will meet next
Thursday afternoon with Mrs. A. M.
Maclean.
The Monte Vista journal., 1916-08-05

Mrs. Theis and little son. OF Den
yer, are visiting with the formers
sister, Mrs. E. l.. Carter.
The Monte Vista journal., 1916-08-05

Carbolic Acid price is down again
Fuller Drug Co.
The Monte Vista journal., 1916-08-05

Miss Ella Howland left for her
home in Denver Thursday night
after visiting for two weeks with her
friend, Mrs. d. Patterson.
The Monte Vista journal., 1916-08-05

Mrs. Caroline Kurrle, who has
been visiting relatives in Denver for
the past month, returned home We'd
nesday morning.
The Monte Vista journal., 1916-08-05
Come in and see the merchandise 81 will buy

Miss Florence Cramer is on the
sick list this week.
The Monte Vista journal., 1916-08-05

Mrs. Maurice Knapp and Mrs.
Clarence Liston. who was formerly
Miss Mildred CLANCY, are visiting
here from Fremont, Neb.
The Monte Vista journal., 1916-08-05

Mr.. and Mrs. G. H. Gainbrell of
Alamosa spent Thursday visiting
their brother, j. f.. Gainbrell.
The Monte Vista journal., 1916-08-05
Clothing Room
In Grocery Room

You will be surprised at the value of the
items we are offering you for Dollar-from
the Queensware, Hardware, Granite and Alum
inum Wear.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03

In many companies British capital
is associated with other capital
French, German, Belgian, Spanish
or local. But when British capital
controls such a company, as 1t fire.
duently does, British manufacturers
usually have the best opportunity to
sell the supplies it may need. In
Part II, pages 541-574, is a list Of
companies organized or controlled
in Great Britain which are operat-
ing in countries outside the British
Isles, Canada and the United States.
This list is by no means 4 complete
presentation of such enterprises nor
Of British investments therein. but
covers only those concerning which
data are available in published
sources. In consequence, many are
omitted from that tabulation. Even
so. the companies included in the
list have an aggregate capitalization
of over SS,O0O,0O0,O0O.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03
Low Prices Fail
to Secure Orders

An immense amount of capital
goes abroad in public loans. Such
loans are often spent unproductively,
as in war; and when they are pro-
ductively employed, as in railroads
or other public works, the control of
the properties does not remain in
the owners of the capital, as in the
shareholders of corporation. In
the less advanced countries, how
ever, engineers for such public works
are often brought from the country
where the capital is obtained; and
that country profits by their prefer
ences, their knowledge Of home prod
ucts, and their ignorance Of the prod
ucts of other countries. The certain
way to make trade profit from a
public loan, however, is TO introduce
conditions in making it. This policy
is well recognized in Germany. For
instance, Professor Riesser, of Ber-
lin, in his work on the German Great
Banks and Their Concentration, lays
down as one of the fundamental
requirements for a sound policy" in
handling foreign securities: Inter
national commercial dealings. as
well as international fotations, ought
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03
Controlling Interests
Favor Own Products

When the controlling powers in a
railroad. a gas works, n water power
or electric plant are largely inter
ested in the production of machinery
and supplies which such enterprise
consumes, they will naturally see
that their products are favored. A
South American railroad manager,
whose road is controlled in England,
says that all important machinery
and supplies are required 10 be
bought there, and gives as reason
that the road has never paid, and
the stockholders consider that they
ought therefore to profit by its ex-
penditures.
A large American company max
ing a steel specially states that the
influence of ownership of public util-
tiles is sometimes so strongly favor
able 10 national interests as TO dis
regard considerations Of price, even
when the possible saving amounts to
six figures. Ii says:
In the Argentine, in particular,
we have encountered serious diff
Guilty in selling TO the railroads, IS
these are largely controlled by Brit
ISL financial interests. Every pos
sible preference is given 10 British
materials even though substantial
economies may be possible By en-
ploying American construction meth
DDS and materials. The consulting
engineers in London receive a per
centage on all materials purchased
on designs which they prepare OF
which may be prepared by the engi-
neers Of the railroad and are APP
proved By them. Their antagonist
toward everything American even
led them in one case to adopt a
very expensive and Anticipated con-
struction. using local materials
rather thar approve = design which
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03
Capital Exported
by Germany

The Reichs- Marine-Amt, IN a re-
port of December, 1905, on "the de-
velopment Of German marine inter
ests during the last decade gave an
estimate Of German foreign invest
ments, on the basis of consular re-
ports. This placed foreign securi-
ties in the possession Of German
holders at not less than 10000 O0,-
600 marks S4,0OO0OO, 0O0), and the
amount Of German capital in for
eign undertakings, plants, business
enterprises and participations at
ZOO. O00, 900 TO 9,200,00O,000 marks
(sl.925. 100000 TO S2,30O,OO0,000) .
The report says: "ln these amounts
(7.7OO. 100000 to 5000, 900, 900
marks, or 925,OOO,O00 to $780,
O00,0O0) the current German mer-
chandise credits, which amount 10
az least one.fourth 10 one-third, per
haps even 10 one-half, the amount
Of the early German exports-that
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03
France as
a World Creditor

Up to 1850 French foreign IN
vestments were Of little account;
vet at the time of the Franco-Prus-
sian War Of 1870 Leon Say esti'
mated the coupons on foreign Sc
curities payable in France at 600 to
700 million francs ($120,000,0O0 TO
S140.O00,O00). This would give a
capital value, at per cent, OF II,
GOO to $4,000 million francs, or, say,
So 100000 to $2,800,O00, 900.
Many French holdings were sold
after the Franco-Prussian War.
Yet Leroy Beaulieu thought it prob
able that France had S3,000,000,OOO
invested abroad in 1880. French
holdings of foreign securities in
1910 have been estimated at a mini
mum Of 100000 francs, or,
say. sS,OO0,OOO,OOO. To this should
apparently be added whatever for
eien investments are not repre-
scented by stocks or bonds; but far
the largest part of French funds ap-
pear to 90 into government and mu-
nicipal issues.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03
SHRINKACE IN VALUE
OF STOCKS IN LONDON
New Forms of Government Loans
DepresS Prices on Change

The aggregate market value OF 3s7
representative securities listed on The
London Stock Exchange fell $780,. 5OO.-
600 in the month ended November 20.
according TO a compilation made By
"The Bankers Magazine" Of London.
This compared with q drop Of 1926
$4,000 in October.
On November 20 the total value Of
the 3s7 securities amounted TO $751;
98s,9lO,O00. The month before il stood
at sl4,l55,4l0, Before the war
these securities had an aggregate mar
ket value of sl7277, 26o, 900 30 that the
total decline to date has amounted 70
1928, $4,000.
The largest decline in recent months
was recorded in October. THE Bank
ers' Magazine" in commenting on this.
says there is little doubt that the prin.
cipal cause of the general depression
to be found in the new forms Of gov
eminent loans which have been put be-
fore the public during the month. Il
adds:
The effect upon the market OF the per
cent Esehequer bonds was especially pro-
nounced far more 30. indeed. than would
have probably been the case Y some ions-
dated loan had been issued on almost
equally favorable terms. because in the ess
Of a long-dated loan there would proc
ably nave been rise rath,f shan IAN
in tic AZ per cent war loan aud the pe
cont Exeheauer bonds. whereai The ehe'
o. the new PEI cent ERcaclusrs ~a'
drive do~n the AZ per cent BAR loan ana
with Il all other git-edged secaritiei II"
market has also had 70 stand ap again'
the subscriptions not only o. me ne" S'
ehequsr bonds but 10 the English portion o.
the French losn. with the result TIA, 'e"
srs Of older securities have found the mar
ket. difficult ones in which to effect resif
zstIons.
American railway shares, which con.
stituted the only group that advances
in the preceding month deel'n''
slightly in the average in November
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03

we submitted, and which would have
effected a saving Of upward OF $780,
600. Our design was approved and
urgently recommended by the chief
and assistant engineers in Buenos
Avres. but their recommendations
we're promptly overruled by the con-
sulting engineers and the directors
in London.
Another striking case was in con
nection with a group of large struct-
ures. Here again our design, which
showed a saving Of 100000 to S7O,-
900. was accepted and approved bv
the engineer in Buenos Ayres, but
his decision was Immediately set
aside by the German directors, who
advised him that the financing OF
the project by German capital was
conditioned upon German materials
being employed throughout.
A large American concern making
Woodworking machinery and ex-
porting some of it states that where
foreign capital has been invested it
is often impossible TO secure orders
even at heavy discount on prices.
1t says:
This condition is most emphasized
in South America, where it is very
difficult to sell American metal
working machinery, due to the fact
that most of the large enterprises,
such as railroads, mines, etc, are
owned by English or German capital.
These concerns maintain a resident
manager at the property, and all
buying is done through some trading
concern or organization in England
or Germany that is friendly to or
controlled by the capital. We now
and then are able TO trace some OF
our special machinery 20 South
America which was shipped to Eu-
rope and bought from our European
agent by these trading companies
at a price from 10 TO % per cent
higher than we would have been
willing to deliver directly.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03
SIS, $50, 100000 100
What Money Is
Invested In

cover so per cent Of our foreign
investments" said Sir G.. PaiSh,
has been employed in the construc-
ton Of railways, either directly by
British companies or indirectly by
means Of the loans with which we
have provided the governments Of
the various countries About IA
per cent has gone into mines, nj
trate, oil developments, trsmways,
telegraphs and telephones, gas
works and waterworks, electric
lighting and power plants, canals
and docks, and nearly as much into
financial, land and investment COM
panies, commercial and industrial
companies Camong which breweries
and distilleries are especially prom
inent) and banks.
II Paish's final estimate Of mot
much short Of g., 00,000,000" (Sl7,-
500.000,000) be taken for the end
Of 1910, and additions at about
$500. 900, 900 ($l,OOO,OOO,OOO) year
be allowed TO the middle Of 1914,
the result is about f4,200,00O,00o
(S2l ,O00,000,000).
IL seems safe 10 conclude that
British investments outside the
British Isles, at the beginning Of
the present war, were not less than
$500, 100000 roughly $780,
600 .ooO), quite probably $4,000, 0O0,-
900 (say. S2O,OOO,OOO,OoO), and per-
haps more.
The mere statement Of the amount
Of British capital invested in for
cign countries does not measure the
full infueace Of such investments.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-03

United Kingdom, and that per cent
went in the shape Of materials man
ufactured abroad.
Ownership and control Of foreign
enterprises furnish constant slim
illus to exports. Several circum-
stances contribute to this result.
Managers and engineers are in
most cases of the same nationality
as the owners of the capital. They
are accustomed to the machines and
the materials of their own country,
and prefer for that reason TO use
them. This preference is strength
ened, no doubt, by feelings of patri-
otism.
But back Of engineers and local
managers are the home officers and
directors, with whom rests the final
control. They are men of large and
varied property interests, often in
GLIDING steel works and machine
works, which turn out the materials
that the foreign enterprises use. In
deed. the direction Of their invest
ments to foreign countries may have
been guided by the nature of their
property at home. 1t is well known
how widely the manufacturers of
electric apparatus have extended
their interests in electric installa-
tions.