OCR Text |
Show ENGLAND SUBMITS. The note of the American government regarding safe conduct for the new Austrian Aus-trian ambassador appears to have served its purpose, for information comes from London to the effect that the British government will undoubtedly make the concession demanded, thereby ending what threatened to become a troublesome trouble-some controversy over a comparatively trivial matter. The warning of the federal fed-eral reserve board regarding the liquid assets of American banks has also been effective, J. P. Morgan & Co. making the announcement that the British government gov-ernment would withdraw the treasury bills offered for sale in this country through the New York banking house. It may be said that some of the London financiers did not favor the short-term treasury bill in the first place, so there will not be any considerable amount of disappointment over the outcome in any quarter. Whether there will be any new loan proposals in the near future is not known. |