RECIPROCITY 355 
We should also make a more determined 
effort to finance municipal and national im 
provements in these countries. The money 
lenders of Europe have been quick to take ad 
vantage of such opportunities. They proved 
good investments for them. We should also 
find them profitable, under the right condi 
tions. In this field there are and will be for 
years to come great possibilities, especially in 
electric and gas plants, electric and steam 
roads, water works, sewers, and sanitations, 
mines and smelters. The benefits to be de 
rived from such a source of investment are 
only too obvious. They give our engineers 
and contractors and all connected with such 
an enterprise an opportunity to force upon 
these countries our products and methods, 
provide permanent employment for many of 
our countrymen, who in return will create a 
demand for goods made in America. Eng 
land leads the world in outside investments of 
this nature, having over $10,000,000,000 in 
various foreign lands, $5,000,000,000 of which 
is in Latin America. The German long ago