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Show I I MORGAN BARES LOAN OBJECTS Banker Issues Statement on Financial Needs of Germany EW YORK. May 1 .1 J. PIcrpont Morgan, -ailed on the Olympic today for Southhampton, i VOTE Recnt ailvlcos from Paris said that the firm of J. P. Morgan & Company had been invited to send a representative to accept membership on the finanelnl sub-rommlsslon of the allied reparatlotis commission r. , ., j which has charge of Indemnity pay ments to Germany's creditors. There have been numerous intimations (n financial circles both here and abroad recently that a huge international loan tn Germany financed by popular bond offerings, was being onsldoroei. It Is regarded as practically certain I hat without such aid) Berlin will have to he granted further extensions of time for additional reparations payments to France. ) N'EW YORK. May 13. On the eve of his departure for Europe where ho is to discus? the questions of raising I an international German loin. J P. .Morgan Friday Issued a brief Statement State-ment outlining the purpose of his trip. "On April 20," It said, "1 received I a communication from the re pars -tlons commission whk h stated that the commission had appointed a com-N. com-N. mittee to consider and report to the n. commission on the conditions under which the German government could raise foreign loans to assist in tin? solution of the reparation- Question "This committee consisted of Mr. d'Amelio of Italy, Mr. Ylssering of Holland, Sir Robert Klndersley of England, Mr. Sergent of France, Mr. Bergmann of Germany and Mr. Dei-crolx Dei-crolx of France. "Tho letter also stated the commission com-mission was desirous of obtaining American financial opinion ,,nd invited in-vited me to become a member of the committee. This invitation I have accepted and 1 am proceeding to Paris whero the meetings will be held." Mr. Morgan previously had declared de-clared that h had no preconceived plan but expressed the opinion tliit if the terms and the security were I satisfactory a large offering of tno loan could be disposed of in thi.i country. International bankers have expressed ex-pressed tho opinion that Germany needed a loan of $1,000,000,000 to Insure In-sure her complete rehabilitation and that 11,000,000,000 was required for present needs. Neither Mr. Morgan nor members of his firm would glv..-anv glv..-anv estimate will. ftflEBT lamont. While in London Mr Morgan will confer with Thomas W. Lamont, another an-other member of the firm, who has been In Europe for several rreekl conferring with international bankers bank-ers regarding the coming conference for a readjustment of Mexico's na-tlonal na-tlonal debt. Mr Lamont will return here with a delegation r French British, SwLas and Dutch bank the Olympic, the steamship on which Mr. Morgan has engaged passage. The delegates will confer In this city with Adolfo de la Muerta, M in secretary' of the treasury Otto Kahn, head of the International Interna-tional banking house of Kahn, Loeb and Company, also Is going to Europe Eu-rope within the next few das but It was stated that his visit had no con-nection con-nection with that of Mr. Morgan. |