Show MONEY IN ABUNDANCE instead of borrowing millions of dollars from europe which has been the normal condition ot this country the united states has taken on the role ot a creditor nation with a plethora of gold to lend and foreign countries socking the same this change has come about in great part by the enormous favorable balance of trade established in the past three years which has left to our credit a ball ion dollars in foreign marts and has caused to be sent to our money centers f more than in gold confidence has been so completely restored that men of money are looking eagerly for substantial investments and in the absence of a sufficient amount of securities of the gilt edged kind are having their attention directed to eu bonds it Is to be hoped the money will remain la this country and not go back again to europe in the search of cecur ales but money has become such a cosmopolitan mo politan thing as to be without alle glance to any country and indifferent its place of abode and therefore in the worlds scramble tor the precious stuff we may expect to eee the highest bidder carry it off whether it be european or america eventually the borrower must pay dearly for it interest laboring on night and day holidays and all the time piling up a mighty burden to be met at settlement and of this fact the united states has been made well aware in the early years of its development even up to 1897 the greatest reminder of the same being the period the great baring brothers failure in london so that when the nation iq about to change from borrower to lender there is some satisfaction in knowing that though the money goes from us now it goes t but to place a weight of obligation upon old europe which will in part recompense us for the debt of interest wo have paid our former creditors but we must not get too proud of our prospective position as a creditor the men who are to reap this unearned increment of wealth arc themselves quite so much eo that it la hard to say whether a john amorgan PM organ a a Is v more an american than an european and whether the millions in tribute for taft lent will roll back to stimulate business in the united states or simply remain in the international vaults ot tho owners in europe |