CUBAN INVESTMENTS 



THE investor of large or small amounts located 

 in the United States today, occupies an 

 eminent advantage over any period in the in- 

 vestment history of this country. 



The securities of the world are today being 

 absorbed in this country, as well as are the se- 

 curities of our own country. As a matter of fact, 

 a very small proportion of United States* in- 

 vestments is finding markets outside our home 

 borders. 



The reason for this is very evident when we 

 stop to consider that higher rates of interest 

 are procurable, owing to extraneous conditions 

 brought about primarily by the war in Europe 

 and the consequent elimination of physical 

 values in European states. 



The gold of the world, which represents the 

 true credit value of the world, is being rapidly 

 concentrated in the United States and on this 

 basic value is being built up an immense balance 

 of trade, which will remain unshaken for many 

 years after the belligerents of Europe conclude 

 to settle their differences and return to peace 

 conditions. 



During 191 5, on account of the curtailment of 

 imports, and the great increase of exports, as 

 well as the stoppages of large expenditures by 

 American travelers in Europe, there was the 

 greatest trade balance in favor of this country 

 that has ever been known in the history of our 

 Commonwealth. 



According to the Comptroller of the Currency, 

 we had, at the close of 191 5, $2,312,000,000.00 



