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Show WHERE AMERICAN MONEY Q0E8. The balance of trade in favor of this I country in its International trading J ranges from upward of four hundred millions a year of lato years, to up. '2 wards of five hundred millions. Where doe3 the money go to? Thero is noth- I Ing- in tho international exchanges to ' explain; In fact, the settlements of in- ' 1 ternatlonal balances aro among the most obscure of all tho accounts of bug. lness. It is known, of course, that this country spends a hundred millions a ' year In Europe in tourist travel; it pays two hundred millions In ocean freights carried almost entirely In for-', $ eign ships. It pays considerable aumj fi in interest nnd in dividends to Euro- w pean investors in public and corporate Vi securities. What becomes of the baK ' ance? ! It is sent to a considerable extent, we ' believe, In private remittances by money mon-ey orders and otherwise, from immigrants immi-grants ,to friends nnd relatives In the old homes. For Instance. United States 1 Consul Robert S. S. Ben: at Gothen- U burg, Sweden, reports that during the I year 1903, 9,717,633 crowns ($2,604,325.33) wero sent in postal orders, from the ; United States to Sweden, and 1.C01.110 ' crowns (?122j3D7.-iS from Sweden to 'th ' United States, leaving a balance of j J2.175.227.90 in favor of Sweden. Slnco J tho postal money-order system between the United States and Sweden has been In existence (April 1, 1S85,) there has ; been sent from tho United States to j Sweden 70,913.702 crowns ($19,001,572) 1 more than from Sworinn tn v, tt.h.i States. But Sweden is only ono of many na- I tions whoso eons and daughters In the ' United States send such remittance. ;-Ireland ;-Ireland has for generations been the beneficiary of such remembrances; eo has England, and Scotland, and Norway, Nor-way, and Germany. By far the greatest great-est tlood of this sort of depletion of our money accumulations, however, of re- cent years, has been supplied by Hungarian Hun-garian and Italian Immigrants. Theso havo come to our shores by the hundreds hun-dreds of thousands, and without doubt the sums they have sent to iholr old homes yearly could bo stated only In tens of millions of dollars. This is a : source of offset against our extremely : favorable trade balances that will go 1 far toward accounting for tho discrepancy discrep-ancy between the known total, tho , known outgo, and tho unaccounted-for . difference. |