The Department of Commerce, quick at figures, last week announced the amount that foreign nations had borrowed from the U. S. during 1927. The sum was $1,574,960,575, the highest ever borrowed in one year. And the year was the fifth that money loaned on foreign securities had surpassed a billion dollars. Those years were 1916 (during the War), 1924, 1925, 1926. For 1926 the sum had been $1,318,554,850.
Grosvenor Monro Jones who as head of the Department of Commerce's finance & investment division directed the figuring, estimated that foreign corporations (governmental and private) and...
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