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Show l ' i Miscellany Transformed World-Finance. Investors hi the United States purchased Sl.USS.uuo.rnjO of 1-ailroncl stocks and bonds in Uu IS months ending last Julv from Europenns. These figures are not a guess tln.-y were obtained by I,. P. Joreo, prt-i-lent uf the Delaware and Lackawanna Kailroad company, from the stock transfer trans-fer books of all the railroads of the country. Probably no less than $r.no,-OoO.UOO $r.no,-OoO.UOO of securities of industrial companies compa-nies and real estate mortgages have been returned, and in addition the American people have purchased about $1,250,000,000 of the bonds of foreign countries, making a total of about ?:i,0u0,0OUiQO of American Ameri-can capital thai has been transferred to ! foreigners in exchange for scuriiies since the war began. The rapftal has gone, directly or indirectly. Into the treasuries of the allied governments, to be expended immediately for war supplies purchased in " the L'fiited States. In addition to sn.OOO.flOO.noo of securities securi-ties sent to the United Smtes to settle trade balances, there have been net golf imports tn two years of about -ISn.Onujtno. Tiie figures signify a transformation in international finance that Is without a parallel. In two years the United States has reduced its individual ami corporate indebtedness in-debtedness to Europe SI ,7r.i000.000 ; lias taken, in addition. M.iT.O.aou.O'in of foreign bonds, and has added $60,f'00,000 of gold to its money supply! The figures signify that the United States has assumed a place in world financing that would have taken a generation gener-ation to acquire if it hnd not been for tlie great war. Kansas Citv Star. |