In the last decade they have purchased foreign securities until this House. by solemn enactment. has stamped its disfavor upon further extensions of foreign credit. Many of our industries are now establishing branch plants in foreign countries. which is pro tanto exporting the industry. Reducing farm production and abandoning farms in this country stimulates opening new farms in other parts of the world. Economically this is exporting farms. Last but not least. according to the Bureau of Immigration. many thousands of our people every year move permanently abroad. far in excess of those coming to this country. This is exporting our people. The reason is apparent.
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Immigration