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Show : the governments of Great Britain and France are uuable to lay hands upon any considerable amount of them. The reason is obvious. With all the other great nations involved in war aud with bankruptcy staring them in the face, the holders of the American stocks and bonds consider them the best securities in the world and are unwilling to exchange ex-change them for promises to pay of their home governments. Great Britain is in the best financial position of all the belligerents, and if it were a question of supplying her individual needs thefe would be no difficulty. But the burden of the war has fallen upon British shoulders so fnr as money is concerned and the London Lon-don bankers are staggering under the enormous load. The credit of Great Britain is still good in the United j States, while that of the other wax-ring wax-ring nations most decidedly is not. i Elves France, which has always been ; regarded as financially strong, has been ; put in the list of doubtful creditors by the New York bankers. Russia and Italy have no financial standing at this time, and only recently the latter was compelled to cancel a large contract for wheat in this country because of the lack of cash or credit. Therefore it is up to Great Britain to fiuance her allies if the war is to be prosecuted to a finish. The banks of the United States are said to be bursting burst-ing with gold and more of the yellow metal is said to be on its way thither. This money must be invested either at home or abroad lest there be a period of inflation and wild speculation. Perhaps Per-haps we are in for something of that kind in any event on account of the ever-increasing balance of trade in our favor. We do not know what kind of a bargain bar-gain the New York bankers will drive with the Anglo-FTeuch commission, but it seems quite likely that some kind of an arrangement will be made by means of which the belligerents will be enabled en-abled to continue to buy our products. If a loan of half a billion dollars is negotiated the money will not go out of the country, but will remain here ! for the purchase of foodstuffs and mn-j mn-j nitions of war. As .a matter of fact, ! some of it has already been niort-! niort-! gaged for this purpose. Therefore it is quite possible that the foreign com- mission will be at least partially suc-j suc-j cessful in its endeavor to negotiate a loan of sufficient size to restore the credit of the .belligerents. MAX MAKE THE LOAN. Great Britain and France want to borrow a billion dollars in the United States. Tf they are unable to obtain such a large amount they are willi ng to take half. Money, however, they must have if they are to continue buying buy-ing their foods to ffn in this count ry. Word to this effect has been brought orer by th Anglo-French cofnmisaion which is now in New York to make the nvc-rnry arrangements for the gigantic loan. Whether or no they will be successful suc-cessful in their mission remains to be seen. The whole matter hinges on the question ques-tion of security. The bankers and financiers of the United Htates are willing tf make a loan of half a billion bil-lion dollars if American stocks and 1 ' i bonds are put up a collateral. But l0M American securities are tightly held by private parties in Kuroa and |