| Show oun Boston Doston Herald The Tho statement that cab onh n a wr very th imil of the States government bonds ftc held I by ant foreign owners Is not ll OwIng to 10 time the privilege of oC using bonds for tor securing circulating note and theIr Use Ue aIo also as aK security for tor ot of public our n alue In thIs vay l In excess ot of their value held merb 18 as ni atm That tact fact explaIns the reason wh why Ich such a ot of the out large IlIre outstanding bUlilis of oC th United Slates Rte are In thom ot of the banks instead of being MId held b by depositors Time The funded debt of at time United States I Is now nose ahlo almost t exclusively hell lw by citi zene and ami corporations of oC the rita rho register r ot of the treasury that of r ot of gay o eta m bonds only lre atO hali held bY anti thelo these foreigners at are largely insurance corporations cluing In III tho United States which U use o otho limo tho bonds hond t to nice time lt of at limo tho In laws ot of most of thu tho states 1 regarding In protection ot of foreign holdings ot of licu States StateR 1111 bonds amount only to These ho Ig ures relate anI only to registered Sun SunI I It I Is to Invest American mony largely almond get profits from tho business export manu as AN wel seli al as agricultural Iro imro ducts duct flis hIs Is 11 all verb vary 11 hut but Pro Professor tensor fessor Bulock that our volume ot of exports Is at wry ery large Only wu we owe 00 large sums abroad to owners of I Invested here alII and to owners elt foreign which carry our W We owe a lot lotIC lotof of IC money to the ald alt Wo we our Jur largo large excess of oC exports orem oel to payout itay out But Dut If we ceased to OWl owe much abroad we 0 should cease to export much or Bullock thinks that Ile tIme present balance of oC exports export II Is luo duo to 10 our Vo position as I a d debtor anti and os as wo we to time tho rank of t I a creditor Ilon we mallet URt to r re out In Products represent the tho o of our ships or 01 lit of our capItal |
