OCR Text |
Show SUCCESS OP THE BIG LOAN SEEMS TO MURED Financial Commission Receives Re-ceives Pledges From Many I American Bankers to Take the Bonds. GERMANS UNABLE TO PREVENT THE DEAL Secretary Lansing Announces An-nounces No Violations of Domestic or International Law Are Involved. -I ST YORK. Sept. 15. America's Bfioa dollar loan to Great Britain an. I Kaice seemed to be well on the wa; pi actual aeeompUshmenl tonight. a--,nrainj; to bankers familiar with tin pledges secnred by members of :h -Biiflo-Trench financial commissior ritf tieir five-day stay in this country. F ianotuicement at this time that th" ; Skccs of the loan was assured would j i. tic bankers thought, decidedly pre i nature : but there was every indication. 'b their opinion, that the commission's , firark thus far had met a degree ot sue ! -aes which had fully met with their ev. nertatioF?. This rosy view expressed the belief of " raose nt?a who bave championed the i r ' ctaunission s cause here and aided tbcm t hard work. It did not coincide iaitk the sentiments of those opposing Ite big loan, nor of -the so called pro Mcrwan financiers here, who have not Beea iirited to attend the commission's .HHfereocefi or meet the coraniigsiunera. Pledges Received. r So far a? could ie learned from bank er in touch with the commission and its , park, the situation tonight was about aas follows: I Pie-igos have already been secured for & considerable fraction of the big loan. '-:!?: pledges are in prospeet- The soalled pro-German banking toses of New York will be invited to sarti,.-ipate hi the loan if the commis-S commis-S can be persuaded that they are i accsre in their expressions of willing - aess to do so. The billion-dollar loan probably will divided into two and possibly four "Pfaae series of equal amounts. , Bonds upon which the loan will be panted will bea- not less than five per cot interest and will be payable in dollars, free from British income tax requirements. re-quirements. Ad attempt will be made to sell the hoods at par, in case the interest rate ihooM be five per cent. Members of the .commission fully believe that such loans "old be disposed of at par. but American Ameri-can baokers have their doubts on this i ore. Grman Opposition. . Opposition to the floating of the loan countrywide among Americans of gentian si-mpathies or parentage. ,t M strengthened other ba nkers in their determination to aid in floating the Ha. in the opinion of the commission's! "ends, and has not seriously impeded ! task. ''a16 e to be pay able in either or ten .Tears. Possibly one series "11 mature in five, and the other in ten This has not been decided. the hands of the commission, it e known today. manv American ers have pla.ed thcir M , Part of the loan. Xot a hint as " mvl KamOUOt f thes,; Vg s JJ ". but there were indications that i t0ta"ed man miU- These ses, ,t was assumed, were contin-Pon contin-Pon conditions of the loan. truT" the intimatp 'J"taila the ; boo ' the m-m of the commie-! o oarrowed their conferences today! io'lodn ? drCle of financiers, which -ouotr:-: -Tthe ",0St influcntiaJ f thei ' tor, V Boia' and industrial fac- c to have g ,hP me:- ' a Known " are !u!t,'d th eommission-W, eommission-W, 7 v;,"- Geore F. B-aker, "on Trade at Stake. ?h' Ve,n as Mr. HIM had nh grsat Kcatsrowers of the d the' r ' " " "ecame Known. "sl y 0, Jmm'Mlon attention to the a l lZT "' 'Wld her, ct" that n"Kht b" Amrt,.an ' fne Prosperity of the Wd .ho,X n of I915- Mr. lell-nlna, wmn,,"-"- With the aJ-W aJ-W to w.Z''0"'""'' l'le fall-I" fall-I" 2lif5JOtake a loon,y vleB- (Continued on Page Two.) SUCCESS OF THE BIG LOAN NOW ASSURED (Continued from Pago One.) of the situation In the southern states during the year to come. The commission is reported as having made it clear to Mr. Wade that trie proposed pro-posed credit loan, if obtained, would provide pro-vide funds lo care for exports of cotton as well as every other article imported by Great Britain arid France from this country. As to the actual details of the loan, there was no authoritative information, but hankers were penerally agreed as to the reported life of the loan and the interest in-terest rate. Overnight a feeling of resentment in certain financial groups in Wall street seemed to increase on the matter of participation par-ticipation by. the so-called pro-German financiers of . New York. These financiers, finan-ciers, who constitute a formidable array of financial power, have not been invited to take part in the loan, and were inclined in-clined today to feel hurt. "In many cases." said a spokesman for this group, "the name of the firm is German and the officers all American, descends nls of Germans, but born and reared in this country. These men are good Americans and they feel hurt that they are not permitted to share In councils coun-cils of so vital Interest to their country. "They certainly will not neg to be taken in. but they would like to he shown at least the courtesy of being asked." f |