The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-09-18
America Will Reap Benefit
of Friendship Shown En-
Z pire in the Past
STUPENDOUS FIELD
TO BE THROWN OPEN
Millions Heretofore Spent in Ger
many Will in Future Be Turned
Toward the United
States
By HOLLAND

New York, September 17.-(Special.)
American bakers have lent Russia $780,
100000 the loan running for three ss<rs
and issued upon a 81 per cent basis.
Before the end of this calendar year and
possibly within few weeks, Russia may
negotiate another loan of $4,000, 0O0 and
1t is expected that the United States will
continue to give financial aid to Russia
probably after the European war is
ended
So, also, there are to be one and pos
sibly more American branch banks es-
tablished in Russia and these nstitu-
tons will serve greatly to stimulate
American export trade as well as to es-
tabish increased friendly relations be-
tween Russia and the United States.
President Sabin of the Guaranty Trust
company has caused to be published
small pamphlet which gives valuable in
formation respecting opportunities for
American investment in Russia and es-
pecially for investment after the Euro
pean war is ended.
Various Incidents in the financial dis
trict have for some time indicated that
a part and almost a chief part, in the
plans for preparedness whereby the
United States will be able to maintain
an effective influence in that great
struggle for world trade which will be-
gin soon after the close of the European
war, relate to our trade and financial
relations to Russia. There are some
sentimental reasons for the friendly feel
ing between Russia and the United
States. 1t Is recalled that in early days
Russia was the friend of the United
States, and as late as the Spanish war
Russia declined to join France and Ger
many in proposition to be made to
the United States whereby mediation be-
tween this country and Spain could be
effected Russia s action at that time,
together with Great Britain, changed
the relation which Europe bore to our
war with Spain.
There are, however, other than senti-
mental reasons for the friendly relations
already established between Russia and
the United States. 1t was an American,
Captain Whistler, who taught the Rus
slams how to build, equip and operate
the air line railroad which connects
Moscow and Petrograd. Later it was an
American who persuaded the Russians
that American electrical apparatus was
the best manufactured anywhere in the
world. George Westinghouse did this and
If he had not met with serious business
embarrassments, he would undoubtedly
have greatly enlarged American invest
ments in electrical apparatus manufacture
ing establishments in Russia.
George w. Perkins was of influence
some years ago in persuading Russia to
grant concessions whereby the great
American corporations which manufac-
tured farm implements was able upon
satisfactory terms to establish a great
plant in Russia.
To the United States Russia turned i'm
mediately after the European war began
for assistance in furnishing her with
needed munitions of war. Our service Of
that kind was supplemented by Japan.
and 1t is now known that the war COM
modities purchased by Russia in Japan
and In the United States explain the
abundant resources of that kind which
Russia now has and which enable her
to carry on her present offensive move
ment.