LARGE INTERESTS INVOLVED.-
Nevertheless, it is also true that pari pas'sii with this boom in Wall Street in . Ameticaii securities there has been going on much in the way of acquiring holdings in British industrial concerns, a movement not unnatur-, ally causing some anxiety as to the lengths to which it may go, while a solution to the problem is not easy. to find. It will readily be seen that there are many important industrial concerns in this country where we should be very sorry to see control pass into the hands of America, or, for that matter, into the hands of any foreign. country. For, quite apart from State or .political argu- ments, it might . happen that such control' Would mean a stimulus to American exports rather than to out own, and. a stimulus to American, employment when such stimulus in. this Country is sorely _needed. • And yet there has always been something objectionable in framing any regulations designed to restrict. the free dealings in international securities. That is to say, We like our nationals to be as free to purchase the securities of other countries as for nationals of those countries to be free to purchase ours.
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