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Show RESERVE BOARD WILL APPROVE PROPOSAL Plan to Raise Gold Fund of $100 000 000 to Meet Obligations In Europe Agreed To WASHINGTON Sept 18 After an all day conference between the federal reserve board and a comm ttee of bank ers it was virtually agreed tonight that the board w 11 appro e the bankerB proposal for the ra sing of a $100 000 000 gold fund to be used n meeting Kmex can obhgat ons to Europe Th s fund will be in add tion to the $80, 000 000 to be rased by the New ork bankers svnd cate to meet New York C ty s obhgat ons across the Atlantic F nal act on was not taken by the board ton ght The plan will be pre sented in writ ng tomorrow but its adoption raav not be mo el unt 1 Mon da n the absence or several board members over the week end Probably $o 000 300 of the total amouDt w 11 be asked for at once and members of the board were confident ton ght that such a sum w 11 prove suf ficient to meet all demands Nat onal banks throughout the cofentrj w 11 be asked to subscr be to the fund as n the or ginal plan of the bankers The gold will be depos ted in the Ottawa branch of the Bank of England In virtually all respects the proposal of the bankers today agreed w th those made several weeks ago, before the w York synd cate underwrote the J,ew York debts The effect not only in Europe but in the United States m the opinion of those n the conference may be de cidedly good and probably will lead to a betterment n f nancial cond tions |