Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1916-04-02
COME HERE FOR SUPPLIES
French Purchases in United States
Runs Into Hundreds Of Mil
lions Of Dollars.
METHODS OF RAISING MONEY

Correspondence ~ the Aaapelstsd Press
PARIS, March H. YOU Americans arm
selling "a Immense quantities n supplies
some good. some infsrior-at hlgh war
prices. but you ~ II honestly. you tell
1a what yoWFo RoinR 70 deliver said
Monsieur " Almond head ~ the senate
finance committee, reviewing The present
conditions n exchange for ibo Associated
Press
We ARE buying pafhHps more than 500
Goo0 worth NJ goods q year from YOU
n1w, Whiio asida from silks and HAtns,
We Hfs settling you little ~ anything
he added THE tremendous balance N
trade, win the war still going on, OK
plains why tho t60 0oo.y0 you loaned ua
was insufficient 70 s4paiise exchange,
The balance N trade WIS always n
your favor, but you, yourssiyss main
ihlnHd The parity ~ the franc by spend
iHa your dollars IN travel through France.
a billion francs t20d,01D0, IN What
w. are losing annually since Americans
arc spending ~ home The money thaY
formerly spend here, making difference
AGAINST ~ N something llko AG0d.O0.o01
frhHeH which ~ course. billion and Il
quarter loan cannot offset
Exchange bet Ween London and Nav
York IL easier beesuss English investors
bold American securities 20 far greater
amount Than WE. Ths payment ~ fin
tnfrst and dlVldnpdH gn those Investments
teiiafes the situation n France had
placed ~ America lie lbg1,oOd,00 francs
siie las loaned iiushia, the interest pa S.
mehls would 30 FAR % eauallxs exchange
Bsebasas HAS 90 suffer.
Exchange between nAriins ana New
York suffers from different causes Tho
ffaue II A. discount IN New York be
0eHHn The money IA continually going tia
way. Germany has 30 blR payments 10
make sbs 10 unable 10 assure Trans A.
ahtia transportation ana can buy ia only
limited quantities N her adjoining neus
rial nel9hbors, Bhs produces hor own
stafi coal and chemical products. vhlla
va must buy them IN America With Ba
DE depreciation may be- considered u
material and moi accidental circumstance.
After the war, of ne soon M va have
bought ali Tho steal ami othsr war sup
plies wa need from eou. tho franc viii
w. beck 70 par f..
"Tle war 10 nov costing us a6OO,00 80
francs H9o,oCD,D1l a month ~ which 500
ep,01 ffnnes ara spent IN France" said
Monsieur Almond leading up 10 the aiisss
Ton ot Frances financial requirements
AT that rate We shall have 10 Issue
anolhaf loan IN Tho near future. Tho
G.Na0o0oo francs ~ nash produced 81
tho loan ISSUED in Deoomber Will be-
spent BY The month Of April. ny that
time neaHy b0001g0 francs ~ tho
money distributed throughout the oonn-
| ny vii bs available for another loan
that viii be nOatnd under far more IN
yofabls conditions The Hai0nlh eituas
lion, which was acute ~ The time of our
. per cont loan. unqusstloBAbly fright
ensd big capital This IL well known IN
financial circles AMI II born out BY
many facts connected with the loan For
instance, The number ~ subscribers waa
greater IN proportion 10 the total amount
rubsefibed than of any government loan
issued IN France.
Humble Class Takes Loan.
Three and bnif million subserberl
took fourteen ana hair billions III bonds.
~ on sVefaKo ~ about 1910 francs naeh
The average of former loans was from
mon 20 NOON francs each This proves
ihat Il was largely th6 small capitalist.
The little tradesnen. Jhs humble claasos
With small savings, that took ~ the ioan
Another loan, issued under cireum.
stances becoming every day moro favor.
ebis 70 France, will produce greater
rash total, NJ ! estimate that theirs is NJ
tho present time il.500.000Do francs IN
circulation IN France, peduciing Tho
sb0.o 90 IN cash subscribed 70 recent
loans. there are 7G00,00o.0o unsubseribed
70 add 10 a considerable portion Of tbs
Gb0o.o00,01 that will be IN circulation
again before . new loan IA issued
French loans are HIbboribed by tho
people, that fact should be borne IN
mind ia comparing It's issues with those
Of other governments. In England. DER
many ana Italy II Is banking affair, IN
which the biz capital In Immediately IN.
tereated Our loan was great success
under the circumstance, since II brought
out scarcely anything more than tho
small savings The nest ono will reach
the big Investors