AMERICA AND THE WAR
THE MONEY DEALS.
1 .-■■■■» It has been computed that during that war the United States bought back from Europe a,nd mainly from the United Kingdom, about ££800,----j 000,000 of their seourrities aood ad- ! vanced on loan, to foreign Govern- | meat asad* inoorporatioins ai total 1 of apprroccima-teiy £2,000,000,000. The] iXJnifced Staites possesses the power to take goldl in large quantities, g"iveni a re&uirwptkm; of a fi-ee gold maifeet in London, biut even if *it | were possible to pay her ifr gold, which it is not, America doetsi not want the metal. The Washington Treasury held £509,000,000 oa 31st December in coin aiiid bullion, -while in. addition the Federal reserve banks had £143,000,000 at the same date. The war greatly | stimulated- the investment of American capital in Canada, the total of which is stated by the ex-secre-tary to the Federal Reserve Board to have been doubled within the last f°lUr years, and! now amounts to £254,570,000.
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Thames Star, Volume LII, Issue 13934, 12 July 1919, Page 6
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159AMERICA AND THE WAR Thames Star, Volume LII, Issue 13934, 12 July 1919, Page 6
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