Page:Walter Renton Ingalls - Wealth and Income of the American People (1924).pdf/83

Rh large. Most of the capital from outside sources has originated in the United States and Canada. The United States has become prominent through the investments of the United Fruit Co. The Atlantic Fruit Co. also has great interests in the island and there are other agricultural estates, together with forest properties, under American management. The United Fruit Co. had invested about $3,000,000 up to the end of 1916 and $4,423,018 up to the end of 1920. The property of the Jamaica Railway Co. stood at about $12,500,000. Probably the total American investment in Jamaica amounted to $25,000,000 at the end of 1916. We may assume $30,000,000 at the end of 1920.

The investment of American capital in Canada and Newfoundland comprises agricultural lands, timber lands, mines and industrial enterprises. There has never been any complete enumeration of the totals and probably this would be difficult to make. Besides these investments a good deal of American capital is loaned on Canadian railroad, public utility and industrial bonds.

According to Raleigh S. Rife, of the statistical department of the Guaranty Trust Co., the total of American capital invested in Canada up to the end of 1918 was $1,272,850,000. W. G. Gates, of the Canadian Department of External Affairs, estimated the net inflow in 1919 at $220,432,000 and in 1920 at $325,000,000. Adding these amounts to Mr. Rife’s gives a total of $1,818,282,000. Mr. Gates’ figure for the end of 1920 is $1,800,000,000, compared with about $600,000,000 at the outbreak of the war.