Show HOW IO J ii P. P PUT OVER LOAN OF HALF A A. BilLION I 1 J By United d' d dp p Corr Correspond p p ent NEW EW YORK yom O Can ln y you u get geta a mental picture of ot If f someone came cane to you officially and bald the United States banker bankers bankers' had decided to lethe allies have liae half bait halfa baita a n billion ro round gray Iron men an and detail derail t you ou had bad been chosen jo to u plan protect alt all p parties concerned and do It it darned darned quick k could you I do dolt it Chances are are you'd oud jingle the nickels and pennies in i your our pocket and think I of I. I P. P Morgan That's just just exactly what the Eng Eng- the French and tho American did ld when the they met in New ew ew York and got right down to the of loan or no loan It was J. J P. P big chance to new how nearly a snug fit nt for him himI I Ills his s fathers father's shoes were H HJ grabbed the job lIe He- did it J J. J P. P when he found what was as awaiting him just walked off ort the corner anc and told himself not to get excited He took his own ad adice ice I and sat down to think it over Among mong hi thoughts came this oie e Its considerable money The rich have lots Iota of money sure enough out but they hang to lo it pretty tight that be beIng being be- be ing lug how they got it and nd well we'll have 10 to get the little lIttie fellows interested tea In Inthe Inthe Inthe the aggregate gat they've go goi a pile of money too too Peddling War Bonds Then Morgan thought of old Jay ray bonds Cooke who peddled baby war wal from house to hous house to get the union cash for the civil war Today If Jay Cooke could see Morgan Morgan Morgan Mor Mor- gan and the French Anglo-French syndicate and others of his 1915 successors selling In cold cash to fight Germany with hed he'd gasp Maybe though hed he'd approve the method it being his own to a greater or lesser extent The world bankers' bankers have placed th i war loan on the doorsteps of ot the common people through the issuance of the British Franco bond the baby war bond Wall street calls it During the he early negotiations here the man in the street in common with the bankers discussed billions as casually as he was used to discuss discus pennies Few pers persons ns really understood understood understood under under- stood what a billion dollars mea meant t or the significance of ot one nations nation's lending two others such a gigantic gob of cash of-cash cash or overt even half halt of ot it Those who did understand and also hoped for the success of ot the und undertaking undertaking under under- r- r taking did not see how America could open its purse wide enough and many of or the bankers were somewhat somewhat some some- what foggy about it too Then someone suggested suggest d the house of Morgan It was done out of ot a maze mare of ot figures facts and endless conversation grew a it cle cle telling concise picture of From a a. hazy scheme it was moi molded ed into the simple lines of a grocer sellIng sellIng selling sell sell- ing a nickel bag of salt salt on Faith for or Security The rhe borrower is a t foreign eign go ment meat giving the lender a a. not for forthe the repayment of ot The lh The only security is the pledged faiTh of ot two great peoples The bankers who worked out the i details of ot interest the selling price and who originated the plan o of distribution Its dis relieved the small Investors lis I tors of ot worry It is as easy to buy a Franco-British Franco bond as It is to buy a new hat Perfect oceans of diplomacy and firmness were exercised on financiers financiers financiers finan finan- ciers throughout the country A little jollying here a str strategic move there One incident illustrates best perhaps per per- haps why Morgan succeeded for It shows shows' his democratic nature For days newspaper men special writers anti and the financial reporters jl campe-jl outside outside and and inside Morgans inside Morgan's Morgans office in Wall street Another squad lay in wait walt at the Biltmore hotel where t the te o foreign commissioners stopped I Little real news was obtainable I The reporters were getting desperate Imagine the surprise of the pencil army warming o one e of the costly marble benches benchell in Morgans Morgan's office to have have- him step to the door of his private office and seeing them walk walkover walkover over o and sit down clown He talked frankly frank frank- ly Iy for half in an n hour answering what questions he could J P. P never would have done it |