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Show IIIUIIKIHI.MJ i.MI IlllMU IIAtk. Itle.laliJ by a wilier In a leading aipiain Journal, and bla anertlou prob-aldy prob-aldy la true, that lha American people ara tba grrateil borrowara on aarib. riui.of oourai, la In releret.ee lo money tranaa' tloui; for whtlhar daaaraed or nol, A nerloani would not Ilka to con. fete that they hate a greater proueuoie than other paopla lo Iba peaky habit of over-borrowing from neighbor! of aitlclaa ueed lo domeatlo life, Tbe great reaao.i for Amarloaua being auob borrowara of money from Eurnaa la that thay bava n big undeveloped country. Tba poatlblllllaa lo ba wrought out In Ibli continent by tha outlay of oapltal la ara great that people lamlller with America' teaoutcee Income In-come Imbued with tha epaculaUve Idia, and coneiquotitly tba capital neceieary to oarry out great tcliamaa la eigirly eoiighl for. llaaea tba people peo-ple of tha (Julied Hlatea now owatlx-lean owatlx-lean hundred mllllaua ol dollar, abroad. And lha fact Ibal thay bava bean able lo kme on borrowing lo tbla vaat atiouut from loielgueia la oon-cluaiva oon-cluaiva praof that Ilia loan! have bean. In Iba mala, upon auooaieful Invaat-uieuU Invaat-uieuU At tba aama lima, It li moat u a fortunate for-tunate thing for any people, whether of a tiuall ovmmuolly or of a nation, to baooma axtrema borrowara. Ho aoou aa they reach that ataga Ibey oeaie to ba freemea, having placed Ibemaelvea In bondaga ta Iba monry lander. When borrowed money la earning mora Iban Iba rata ol lulareat paid, and tba Inveelment la preaervad lutaiit eu that II la aufficleut at all llmea lo llquldela Ilia prloclpal, tbau tha Una ol legitimate builneee borrowlug may bo deemed aa not Iraatoaadad for the development of aay reaouroe. Tbe difficulty with lha Uultad Hlatra la that II baa aroaaad lha Hue, beuca much ol Iba aatloaal flaanclal dlatrvea. Ijioally, Iba paal few yaare have laid bara many eiamplaa of lha extreme ex-treme borrowing eraae, and number! of wolMnieulloued aobemea bavagnna lu lha wall, leaving Ibalr proaaotere In aora etralle lu meat money obligation!. Now Ibal there ara brighter proapeclt ahead for Una totality, In iba develop, man! of borne reaouroaa, II may ba that Iba Itaaon laugbl will prove valuable valu-able lu producing a larger degree of ooaaervallem than formerly prevailed. Great aa la Iba advantage of being able ta borrow plenty of tuouey, II la overcome over-come Uou a people lake mora pride In eoourlng loaaa lhan la rapaylag them. The time aaama to bava been reached when Americana, having achieved Iba hlgheat dim action at borrowereof foreign geld, ahould make a new departure aad become actable far repaying thalr loam and gelling along oa Ibalr ow a oaullal. The principle princi-ple uf co operatlan aflorda an avenue by wblcb Ibli paint may bo reached. |
