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Show SUPREMACY OF THE AMERICAN Paris. Sept. IS, 5:15 p. m Max Hoschiller, in an article in the Temps today, contrasts America's financial position now in respect to foreign countries with what It was before tho war. Tho article says: "Then tho United States was sending send-ing to Europe from $200,000,000 to 5300,000,000 in interest on its borrowings; borrow-ings; $150,000,000 to $200,000,000 spent by tourists; $100,000,000 to $150,000,. 000 to expatriates, and $20,000,000 to $40,000,000 in ocean freights. "Since the war tho United States has Imported $730,000,000 in. gold and has paid back n considerable amount of its previous borrowings, Increasing Its foreign trade by $2,250,000,000 ndJent t0 foreign countries $1,470,000,000. so that tho dollar now has replaced to a considerable extent, the old sovereignty of the English pound abroad. "When the United States" will retain with her deficient financial organization, organiza-tion, tho position recently won, will dopend upon American financial and commercial policies. The arrival In Franco of an American commercial mission is an indication that Americans Ameri-cans are realizing that they must follow fol-low the law In exchanges between countries, buying in general as much as they sell." oo |