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Show THE RAILROADS AND FOREIGN MONEY. It seems that the New York, New Haven & Hartford Railroad company has negotiated the sale of $30,000,000 bonds in Paris. It is possible that Mr. J. J. Hill may obtain the needed money for straightening straight-ening up his railroad systems from the same source. Paris capitalists are satisfied with 4 or 5 per cent a year. For many years they have been supplying Russia with railroad money and 'other needed moneys, but the situation in Russia does not encourage en-courage lending very much more money in that direction. di-rection. There is no doubt but what all the great lines of roads in our country could get all the money they need there, except that just now the Government is trying to cure the wrongs of railroad companies in this country through the courts and through the Interstate In-terstate Commerce commission, and such things for the time being have their influence on foreign capitalists. capi-talists. "We hope they will succeed in borrowing all the money they need, because that will keep money easy in this country and let work, which just now in the United States is unexampled in the world's history in its magnitude and majesty, go smoothly on. There are yet some cities to be built here, a good many more roads and the demand for money is simply insatiable. in-satiable. Behind it all there is the fact that the profits pro-fits of the country for last year were sufficient to buy an empire and they promise to be quite as great this year. |