Deseret Evening News | 1909-12-28 | Page 4 | Export and Import of Money

EXPORT AND ND IMPORT DIPonT OF OP MONEY It Is now stated Fluted that In tho the neigh neighborhood nel neighborhood h of or has been beon sent sont abroad this year ear by people in this country to relatives In Ia the thu Old World WorM That Is II a large sum but It Is balanced to o some rome extent by the money motley brought In n by b a million Immigrants and by money mone received from abroad by peo pea people people pie residing here hero after deceased rola 1013 tIes Ives and this latter Item Is by no means Inconsiderable On the other hand American tour lets hIts spend abroad annually many man mil mu milIon million lion Ion dollars for tor the tho benefit of ot transportation atlon tation companies foreign hotels and business houses and American heir heiresses I cases esses cs spend still sUII more for foreign hus hue husbands husbands bands with questionable titles Thoro Thorois re II is a of course coul e some European travel In Inthis inthis this his country and some marriages that bring money Into this country from flOm abroad but export of at tourist and gold vastly exceeds the tho Import Another item Horn less hess known Is tho the do posit of or American money In savings sayIngs banks An authority says that that bankers b deliberately Immigrants ImmIgrant to send rond or take their savings savin abroad because there is 13 such uch a big In the tho forwarding business He H estimates that more than a year Is taken or sent In Inthis inthis this his way wn and md ho he says the people ought to o buy farms hero here with the tho money In Instead Instead instead stead To this we agree It II Is nil all very well wello to o send fend a little money to relatives II oc occasionally That Increases the facility for tor or selling Gelling American goods In tho the for tor foreign Ign eign markets It is all right to go abroad and see aee the world for that Is Isan Isan isan an education that Is worth what hl t It I costs It If the tho money mono is 18 spent spout Judiciously 1 I Hut But to do the banking abroad for that there can be bo no excuse no extenuating circumstances That ought to bo ho Il ii Illegal legal