The Washington times., 1921-05-29

npRASAAuiesSiy VsonsS~ss S'ssS's~ -
American dollars now are at work
In foreign countries rebuilding in
dustry, re-estabiishing commercial
connections and earning substantial
interest rates for their American In
vest6rs. II is indicated in data in
possession of the Treasury and Com
merce departments.
America, before the war one OF
the worlds biggest debtor nations.
now stands at the head of the In
ternational financial list as the
worlds greatest creditor nation.
American investors. small! as well
as large. are following the example
established by their government
when II loaned ten billions to the
allied governments American private
citxens are sending their savings
and their working capital to private
citixens OF foreign countries In need
of money to swing business out of
the world economic depression.
DOLLARS STILL FLOWING.
Dollars earned and saved In this
country now are flowing to Europe.
Asia and South America to rebuild
war impaired manufacturing plants.
rehabilitate railroads and canals.
construct docks and wharves and
erect warehouses so that the worlds
trade can be resumed on proportions
greater than in 1915.
American investors are taking ad-
vantage Of legitimate business oppor-
tunities. There Is little or no philan-
thropy about the matter. Million in
vested abroad will bring millions back
to the. United States. II is believed.
Foresighted business men of the Uni
ted States are helping the worlds
business back on Its feet that the
world in turn may send orders and
interest back to the United States.
At 5 per cent. the yield on Amer
ica's Investments abroad total $780,
OO0. 900 a year. which 10 q return Of
$4,000, 900 for each day of the year,
including Sundays.
A steady stream of interest pay
ments now is flowing towards Amer
lea, filling the pocketbooks and fat
tening the bank accounts of those
thrifty persons who are taking ad-
vantage OF international investment
chances, such as have presented them
selves only once or twice before in
the worlds history.
Establishment of q bourse to deal
In foreign securities Ia proposed by
Eugene Meyer, managing director
of the War Finance Corporation.
Meyers proposal would enable Amer
leans to buy foreign industrials and
government issues cheaply. New
York bankers showed keen interest
in the proposal.
AVERAGE ss,ooo,o9o A DAY.
Investments made in Europe and
South America by Americans have
averaged 81. 900 900 a day for the past
twelve months. And the stream IL
getting bigger each day.
Since the outbreak OF the great
war private American citizens have
purchased nearly 5000 600. 900 worth
OF foreign securities, as we'll as 34.-
900 600 900 worth of American securi-
ties. which were purchased from their
foreign owners.
Another three billion Is piled on
the foreign investment by the trade
balance in favor Of American manu-
facturers, producers OF raw materials
and exporters.
Private American contractors now
are creditors in large part for big
lots of war materials delivered to
foreign governments The United
States Government, through the milk-
itary and naval branches, is creditors
of several foreign Governments for
material. And finally the Govern
ment is creditor for 10000. 600. 900
worth Of loans made during the great
war with money first advanced BY
American citizens through the several