OCR Text |
Show ! Yankee Dollar Now Soverfgn I Paris, Sept. !tf Max Hoschlller In an nrtlclo in tho Temps today, contrasts con-trasts Amoricn's financial position now in respect to foreign countries with what It was before the war. Tlio nrtlclo says: "Then the United Stntes was sending send-ing to Europe from $200,000,000 to fi'.OO.OOO.OOO In interest on Its borrowings; borrow-ings; ?ir.0,000,000 to $200,000,000 (pent by tourists; $100,000,000 to 5 1 r.O-000,000 r.O-000,000 to expatriates and $20,000,000 If $10,000,000 in ocean freights. ' Since tho war tho United States has imported $730,000,000 in gold r.c.d has paid back a considerable amount of Its previous borrowings increasnd Its foreign trado by $2,230,000 yearly and lent to foreign countries $1,170,-000.000, $1,170,-000.000, so that tho dollar has now replaced to a considerable extent the old sovereignly of the English pound abroad. "Whether tho United States will retain, with her deficient financial organization, or-ganization, tho position recently won, will depend upon American financial nnd commercial policies, Tho arrival In Franco of an American commercial commission Is an Indication that Americans Am-ericans are realizing that they mutt follow tho law in exchanges between countries, bujlng In general ns much as thoy sell' |