People's Pilot, Volume 4, Number 44, Rensselaer, Jasper County, 27 April 1895 — Why Europe Demands Our Gold. [ARTICLE]
Why Europe Demands Our Gold.
Mr. A. S. Heidelbach, witting in The Forum, gives the following figures as the reason why Europe demands odr gold, answering the inquiry, "Whence comes this unsettled debt which keeps clamoring for payment in gold:” Money spent by American travelers $190,000,000 Freights carried in foreign dhiipe 100,000,000 Dividends and interest on American securities held abroad 75,000,000 Profits of foreign corporations doing business here, of investors, Ac 76,000,000 Total $350,000,000 Mr. H. says these figures "have been carefully gone over, and rnprssnni a very conservative! estimate.”
