The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-10-06
AMERICANS ABROAD
BOOMING Big LOAN
strengthening Relations With
Foreigners and Enhancing
Our Credit.
CHINESE SELLING BONDS
Crientals Working on Scale
Much Larger Than for Third
Liberty Issue.

The entry Of the United States into
N. world war at once placed this eoun-
try into an altogether novel position
rl,h respect to its relations to foreign
Countries that is to say. It became
World power In the sense that its In
,erests began to hinge on the interests
% the European. American and Asiatic
mowers. This change In our affairs has.
a. course, been amply dilated upon from
time TO time, but q feature Of that
change has received less attention from
,uplicists, the influence which our war
loans have had upon the credit Of tho
nation abroad.
"rIowever great the victory the United
states will help to achieve. the country
ha, already won splendid reward"
n.,es Asia in It's current issue. "It is
-.eosnition abroad Of sincerity OF pur-
nose The worlds opinion OF us has
,bitherto been none too high. III the
Fast we have talked foolish wisdom
~ the wise men and have fiourished
empty promises. In South America we
lave staggered. In Europe we have
poasted. They measured US as dollar
crasy And now they speak Of our
idealisnl.
Even outside the fighting zones there
has been a drawing together. Our peo-
pie abroad have been brought closer
chosen residence. and both in turn closer
10 America than ever before. Many
Americans abroad arr unhappy that
they cannot return here foT artive SER
vice and official reports in washington
are full of the zeal that Americans are
Displaying In making their positions
count to the utmost in their communi-
ties abroad. Nothing so much as the
Liberty Loans has brought out this
fundamental spirit OF intensest loyalty.
And the cynics and the German prop
sgandists have once more been dis
abused Of old theories.
This fourth drive abroad will be a
big and splendid thing greater eff
fort than before with greater results.
No one knows precisely how much Amer
leans abroad subscribed in previous
loans but the sum WAS large. Mexico
city was typical There arc now only
about thousand Americans there. men,
women and children, yet the total sub
scriptions reached nearly 100000, and
tds does not count large Gums from
great American companies Interested In
Mexico. The only records OF. subscrip-
tons abroad are those kept In the De-
par,ment of State in Washington. which
received haphaxard reports from vari-
Gus diplomatic ofYicers and Consuls. One
American Ambassador reported in a tele-
gram OF half dozen words total sub
s,ription by the members OF his stan
that reached half a million dollars
For the Fourth Liberty Loan Cam
paign instructions have been sent to
every diplomatic and consular officer OF
the United States from Antofagasta to
Nome, from Cape Town to Archangel.
from Sidney to vladivostok. to make
ready. American banks and business
houses with foreign branches have In
structed their agents abroad to help as
they do at home. Most American COLO
MES will have their Liberty Loan COM
nlttees.
an the Far East Shanghai led the
field with a return OF s61s,00o. Hero
again individual subscriptions predomi-
nated. The greatest companies trading
IN the East made their subscriptions
for the most part at home. The Shang-
hal Liberty Loan Committee was most
active and systematic. The newspapers
cooperated and full page Advertisements
we're published. The Liberty Loan Com
mittee arranged a card index containing
the names OF all American citizens. The
city was divided into districts and every
American was visited. There developed
an enthusiastic spirit of rivalry between
companies and districts. Shanghai had
no quota. but had there been one rea-
sonably fixed II would surely have been
well oversubscribed. Throughout China
Americans paid full fealty and support.
This held. too. in Japan. where the re-
sponse was patriotic and generous.
But even Amer than the splendid re-
sponee OF Americans, with their special
interest In making subscriptions. was
the response the loan appeal brought
from Chinese and Japanese. In Shan
CHA and elsewhere in China this was
PARTICULARLY true. Prominent Chinese
business men acted as assistant man
ayers OF the Loan In charge OF Chinese
activities. and q number OF Chinese
oanks subscribed generous amounts.
There was at first some doubt as to pos
sible interest by the Chinese. A lunch-
con was arranged. The response to this
Personal and allied relationship was i'm
mediate he enthusiasm profound. The
extent OF the Chinese subscription was
more than enough to show that the spirit
o. America had become we'll understood.
One OF the interesting developments OF
The Fourth Liberty Loan campaign in
China will be the participation Of the
Chinese on much greater scale. The
ioan is to become something more than
ne mere safe lending of money to the
United States. for q cause no matter how
good Every bond will be q literal tie
binding an individual to the fortunes OF
me United States, and the more bonds
sold the stronger the future relationship
between China and the United States