I do not believe the Senator is quite right. If lie confines the word " goods" to mere matters of merchandise. lie is right. but the Senator must know that the balance was settled by the expenses of our tourists abroad. and by remittances of immigrants in the United States back to their old home. It was settled in those various ways. But the Senator must realize that there can be a last settlement only in the way I have indicated. Those things offset the balance of merchandise which we were exporting. We were a large debtor nation. We owed interest abroad on advances which had been made to the United States. and they were glad to get our goods in payment of our indebtedness to them.
Keywords matched
immigrants