Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-03
AMERICA LENDS ABROAD
TO RECORD PEACE TOTAL
S673.80l 900 Placed at Dis
posal of Foreign Nations
in Six Months.
NY Frederic William VILE,

American dOllare ~. financing the
World On IN" largest peace-tine
scale on record. The United states
Treasury has ceased making loans
abroad but private capital is being
placed at the diSp"sl Of foreign IA =
ions ~ In" UNPRECEDENTED rate ~
more than Sioc. 600 900 4 month The
total for the FIRST six months OF 1922
was 's55.sni 900. For 1921 the total
~ all foreign loans hoated ia this
country was only ss,5 2oa225. :" that
he American people ,,day are CO.
operating IN world rcconetruction at
twice as heavy rae as year ago.
Federal authorities likc Secretary
Hughes poin, with prid. tn these
figures. which are supplied from an
authoritative quarter They dispose
81 the taunt from allied "cancclla
ZIONIST quarters that Uncle Sam,
bulEing like Midas with gold is sit.
tins greedily on mis- UNPARALLELED
wealth while an Impoverished uni
verse wallovS ever deeper in tn.
morase of bankruptcies
Mny reach si.SOO.,nsO .GoO.
BY the end "f 1922 American loans
abroad probably will reach sl.5Oo.-
ooN.ono for IN, YEAR. Hardly a week
passes mat tn" great money r!ar-
hrt' Of tho country. and through
'h"m the nations investors. do no,
Every quarter ~ the globe and every
variety bf public or commercial In.
'ercst are represented in such hcr.
rowinrs. Europe south America
Australia and Canada have been sc-
conmoda'"d National covernment.
Siatee and provinces. municipalities
railroad companies and industrial
corporations now hgure in ever.
increasing number among America.
foreign debtors.
Within the lifetime Of the present
generation the United StateS was
accustomed 10 go abroad FOR inve., :
ment capital. American railroad. to
considerable extent were built with
foreign money. Various industries
we're financed from tho same source.
The war revoirtionized those condi-
lions. W" ceased 10 he debtor ma =
ton and became the most fabulous
'redit"r nation in international an
mails The facts and figures herein
disclosed Indicate that. far from siop-
wing the flow 81 Emitted states dol
lars 10 foreign countries. the era Of
wartime Treasury loans to allied
governments nshered in period Of
intensive American financial activity
6irDdu l."auInS authorities look
forward to its growth and expansion
on continuously rising scale
During 1922 ten foreign govern
menls placed loans In ,he United
states. The largest Individual trans
action was that Of canada. which
fioated a SiHO.ooO.o6G issue. The
Netherlands and the Dutch East In
dies between them borrowed tSS,2OO. :
COZ. Argentina obtained 81. 900. 0OO {:
HTazil and JuGo- STA via. 125. O00. 900
each: Bolivia, S2i.nao,0U0. and Czecho.
Slovakia. Sli.060. 0G0 The city of
scissors. around which some of the
hloodic'j battles in France were
ought, obtained an American loan Of
sc, O0n,oo0 f"r reconstruction purposes
To the city Of Rio Janeiro. scene al
the brazilian Centennial Exposition.
United states investors lcnt $4,000. i.
GOO. and far-of Queensland. tho cat
tie and meat producing state of Aus-
traiia. Obtained slnO0o.OnO.
No sort ~ foreign enterprise an.
nealed To rhe American money mar
ket In vain We lent $4,000. 600 to