Show ANKERS SUCCESS lOF LOAN I of Raising Billion for Great Britain and nd France in United States brought to Be Already Well Wellon on Way to Accomplishment i liNDS ARE TO BEAR 1 5 PER CENT INTEREST I wide Opposition of erman lerman Sympathizers Serves Only to Strengthen Other Financiers in inDetermination Determination Ito to Aid in Obtaining Money CREDIT TO ASSURE TRADE TRADEl l' l av a- a f W E v YORK Sept 15 Amer 15 Americas America's b billion dollar ollir loan lonn to Great Brit Brit- litin lit lit- Sin in and France seemed to be he well weIl on the be heway wa way to o actual Ull accomplishment to- to according to bankers familiar nth ith the pledges cs s secured by members f the French Anglo financial com com- mi sion during their five day sta stay in intI inthis inthis tI this is country t Announcement at this time that the theu success u ess of the loan wa was assured wo would ld bej these bankers thought dec decidedly edl but th there rc was every overy indi- indi ion tion in ill their opinion that the tho comm's com com- m's ms a 80 a e o of success which bad had full fully met with nth their expectations This ros rosy view expressed the belief I Id toj d' t oso men who ho have ae championed the I I commissions commission's cause here and aided lh them m bY hard b hard work It did not coincide with sentiments of ot those o the loan nor of oC the called so-called pro Ger ician ian In financiers here herc who ho have ha not been een en Invited to attend the commissions commission's Conferences or meet the commissioners commissioner po far as could be he learned earned from Cram bank bank- r ts rs In touch with the commission and ts work the situation tonight was but io t a as follows l lr nd Secured lIle ha have havo vo already been Leen secured for a a considerable part of oC the big bg loan tiler t pledges are In pros prospect The called so-called pro German banking houses LOUSe ous of oC New ew York will be Invited In to te In the loan if it the commie commie- on can be per persuaded that the they are In their e expressions of oC willingness willing willing- ness us to do so 80 The billion bIllon dollar loan probably will willie willoe oe ie e divided Into two an and pos possibly four tour separate series erles of ot equal amounts 4 Bonds upon which the loan loati will be he granted will wilt bear not less than r C 5 per percent cent interest an and will be he payable parable In ollars free from rota British Income tax at periods of oC o fl and anden tn en years ears u t An attempt 1 nili 1111 be ma made e to sell the tho Bonds ol at par In case the interest rate rato hOUld bo be 6 5 per pel cent Members of oC the fully tully believe helle that such sucho o ds could be disposed of oC at par but hut bankers have their doubts on bt l' l Opposition 1 N Zeni Opposition to tile the flotation notation of oC the theo loan o Qan n Is Is countrywide among amon Americans pf f C German sympathies or parentage l ut has strengthened other bankers In heir bell determination to 31 aid In floating fhe he be loan loanS In tho ho opinion of oC the com com- hi friends an and has not seriously Impeded mp the tho task un In the Intimate details tails of ot 10 o. o transaction the members of ot the Commission narrowed their conferences O oday l to a n smaller circle of oC financiers J. J Continued on Page 2 2 PREDICT LOAN WILL BE MADE Bankers Bankel's Look for Success of Project to Raise Billion Dollars for Allies Continued From which Included only tho ho most influential tint of ot the country's financial and in industrial In- In factors Among Amon the men who are known knot to have o consulted with the commissioners are J. J P P. Morgan lor an George Georgo F F. Baker James J 1 3 Hill and J 1 Jado J. J ado Vado of or St. St Louis Cotton to DC Us Cared Coret For Tor In much the same name vein as 11 Mr Hill had spoken n for tho the great wheat growers growers grow grow- ers of or the northwest Mr Wade It be became became became be- be came known called the commissions commission's attention to the necessity of oC covering cO shipments of ol cotton with an any credit loan lonn that might bo bp n negotiated here herc Tho The pro prosperity of or the American cotton grower of ot 1915 Mr Iracle Ir Wade acle thou thought ht was I wrapped up In the success of or the commission com corn I mission lon With the allies eliminated as I extensive o purchasers of or cotton by the tho commissions commission's possible failure to establish lish the desired credit Mr Ir Wade ade was Inclined to take a A. gloomy gloom A view lew of or the situation in tho the southern states during the year rear to come The commission is reported as having h made maele It clear to Mr Wade Vade that the I proposed credit loan If Ir obtained would I provide funds to care caro for Cor exports ot of cotton otton as well as eVer every other article I Ii Imported b by Great Britain and France i from rom this countr country n. n nt Overnight O a feeling of or resentment In I certain ertain financial groups in Wall 1 street seemed seemed to increase on the tho matter of or 1 I participation b by the so called pro Ger roan man financiers of New Now York These I I financiers who constitute a formidable j arra array irray of or financial power have not been Ileen I i United Invited to take part In the loan and were vere inclined toda today to feel hurtIn hurtIn hurt hurtIn In many cases said a a. spokesman j for Cor or this group the name of or the firm firms Is s Gorman German and the officers all American American Ameri Ameri- can descendants of or Germans but born bornand bornand and raised In thing countr country These men are Lra good Americans and the they feel teel hurt that hat the they are arc not permitted to share sharen in n councils of oC BO so vital Interest to their countr ou n try Thc They certainly will nm ill not beg to hr he taken in but the they would like to bo be shown ahon at least the courtesy of or being asked It Loan I Philadelphia Sept 15 Dr Charles J J. J 1 Hexamer president of or the National German American alliance today sent out ut an appeal to all parts of or the countr coun coun- I tr try ry urging that a protest be made against the proposed flotation in ArnerI Amer Arner- I len ica en of or a large loan to the tho entente al al I lies In the appeal l Dr Hexamer de declared declared de- de lared that the Anglo American cornI com corn I of or mone money Interests supported b by a large part of or the Anglo-American Anglo I press ress is bent upon driving our peace peace- I ful tUI nation into the war as an ally of or England land and ad adds s' s |