New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-18
Canada May
Try a New
Kind of TariH

Sir Thomas White, Canadian Minis
ter of Finance, strongly urges Domini'r
investors to employ their surplus furt'
at homo rather than in the purcAnr|
OF American securities. II Canatt /
buy securities in New York in sufhesA,
volume to affect seriously The q
changes or the prospects Of fosii'g
Dominion loans at homo the govern
ment authorities threaten the impos'
ton Of tax on such securities
az have no hesitation in saylyf
saws Sir Thomas White, that r.
Canadian investing public should N
serve their funds for Dominion leini
In Great Britain no issues are alloFs
outside of government Issues er''T
with the consent Of the Ires'uy
Great Britain borrows money IN ~
United States, where there is rs"
plethora
"Great Britain uses that none! |"
make purchases in the United snNs
II the Canadian public buy British Sc
curities issued in New York, Canaals'
money is used for the purpose Of n'''
ing purchases in the United snN''
That in itself would not be ooleeu0a
able if il were not for It's possible Ell
feet upon our exchanges. lnternS','1
al balances are settled in gold, and
the Canadian public invested iarSsy VI
British or French loans mace 10 ~
York for the purpose Of buying s0'G,
in the United States exchange N'
soon become unfayorable to Csnl's
Auart from that, when the Doml.~
government would make It's neN
loan in Canada the money wnlen 49,
otherwise have been available "
nm those issues would nave Deen
in the United States H.. "a n,
"Wbat / have said is subject 70 =.
ouali6cation: A considerable p~a
Of the loans which we hoat u 60.
find their way 10 the United o SSasS n
we put out loan OF slVo ~ 1s ils,
Canada, Sl5,000,00O, SZO,VVV'Vy 0ti,,;,l
600 600 of it may be solo m 'hs TO- q
states bv those who took H. me-
conrss would be a seton agaihnsses ~
400 ooo s2O, 100000 or S25,OQ0OVV -.
m;gbt be expended by Canadian ", W
- nurchasing securities IN Ne" ID,
az pu. as Exchange is not senos,
affected and as long as Tue ivS. al
~ Canada is not depleted 50 tAs.h,J.
loans are not unlikely TO De sssoqrl
no harm will be done. bul o n isr
OF the large sums that we I'D - |
our own war expenditures ar,s.s
6nsnce Great Britain IN ner .r,,,d.
~ munitions in Canads ~ ~ 49,. 80
ingly desirable that the OAnSo,o rs. 4, J
lie sbould conserve their resoui 49,.
ths purpose Of buying our ., Ws' .nisa
SThst Is not Discriminating o.
ct Rritain. The autnoriu",
S.oat Rritain would be the hrs' I...el
oas, that the Canadian people ,',.s
80 purchase those loans IN t1s ,X
$500 because there Is aopnoan,d
nonsy there 70 take up those IosnS sss-
Great Britain 10 NV 80 .,rrhasE y
yantaged. / view these - naSs %
;nadyisable. Answer might .. .arp %
We, n Canadian buys q ssSS . "a sg
~ IL American market and IS aoi. 49,
!. Ia a al A profit, is that not sf~s
:. cain 20 the Individual, sh' q
80 20 the nation. But the's
o.nrriding consideration, ana a frss
49, the money has been dlVel rcs.
the issues which the pom Ic1s.a.dsr
srnment may offer 10 tns Sr.l r,J
nublic, Although the MOVIES ncx,r 70 |
make a profit, the natiSn"
Snancs itself Is weakened Las A. 70
sNo possible question ars. ,ot .k
~ 10 SU,,ssri,I treasury. They 90 h.w,si,h
ths Canadian people 70 buy VIZ ~ FOR he
they are issuing in New ..n,it;ons vi
purpose OF purchasing mo perfseS'V
America, because they SnO our osn
Will that we require 70 mAss money 70
49, 49, loan. hers and TO supPy, ms order
w for the munitions whien ,ssSieh he
pay lot ~. ,Itustion arose 10 wn, ..saY-
nsrei "a Canada were buylnsa s,sis'
tI., 40 extensively In tns ..,shsngss y
"a 20 seriously affect inc ..ts Of tsk
seriously affect our pIo'gI's should hw
80 onr loans in Cansdsl ! ' ~. Donlr
ing h Vsi IN saying ths, .ns az src,
no neslsss.vm .snt should put " rst
ION uove ,r,.,ss 40 purchased, n,s.:ta
any seeur ..or,nls myself As 20 .et, a i
va shall take that e''
depends On ovsntsT -