Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-27
Russian Securities Are Not Yet in
the Hands of the German Bank
erS and May Never Be.
DENIED BY THE OFFICIAL PRESS.
The Bankers We're Allowed to Use Their
Own Judgment, but tho Scheme
Is FrOwned On.
CAPT. BINGHAM ON THE GERMAN ARMY.
He Compliments 1t on Its Marching Ablities-speaks
Highly Of the Emperor.

PREss.l
BERLIN, Sept. 26.-The Government finds
1t necessary to explain the policy of per-
mitting German banks 10 take export Rus
sian loans The unanimity of the press pro-
tests against Germans taking these loans
has convinced Chancellor Won Capriyi that
grave political error will be committed if
denial is not made of the rumors circulat-
ed by the syndicate interested in the matter
that the loans have the tacit sanction of the
German Government.
All was held to be incumbent on the
question that was heard everywhere, from
press and bourse, and the public whether
the new departure in German financial pol
1cies toward Russia implies the annullment
OF the prohibition against the Reichsbank
lending money on Russian securities. The
crusade of the sem-oficial press against
these securities has been long and persist
ent. The question was naturally asked what
lad occurred 10 cause the Government to re-
verse the policy that it had formerly fol-
lowed
DENIED BY OFFICIAL PAPERS.
The North German Gazette, the official
organ, publishes communication tonight,
In which it denies that the Government is
in any wise departing from the path of
political finance which it has trodden The
Gazstte further states that no modification is
intended in the prohibition against the
l.eichsbank, loaning money on Russian secur-
sizes. More detailed explanations are given
Lv the Hamburg Correspondence This paper
absolutely denies that the Government has
aNSented to the issue of the loan in Ger
many.
The Mendelssohns made confidential in
0uiries from the Foreign Office as to the
Governments attitude towards the issue
The Foreign Office informed the bankers
That the present political situation afforded
10 occasion for the Government TO interfere
in any form The Chancellor did not design
an the reply to convey the slightest idea of
approval The answer was prompted solely
by the view that the Government was not
bound from considerations of foreign policy |
Il take up decided advisory position for |
or against German capitalists who took part |
III d foreign loan every time one is issued.
BANKERS HAVE GOOD JUDGMENT
Bankers, the reply declared, are in most |
cases perfectly capable Of acting upon their |
own Judgment. This semi-Oficial statement |
wants tranknesS in suppressing the fact that |
German houses before Joining the syndicate |
were led 10 believe that the foreign Office |
favored the issue Of a loan here on political |
grounds The public clamor against sup
plementing the cash balances of Germany's |
enemy has obliged Won Caprivi to drop his |
Complacency toward the loan. 1t will not |
60 here. Probably the Government never
intended it to succeed.
Although the terms arranged by the |
syndicate have been signed the rate of the
issue even now is doubtful, but is believed |
TO be about I2l5. The installments were
arranged TO be distributed over a period of
SIX months. The Committee of the Reichs-
hank held an unusually prolonged meeting
to-day and decided not TO increase the
hanks rate of discount. The American de-
mand for bullion is in the meantime far
below what it was expected it would be.
WILLIAM CALLS ON THE CZAR.
1t is reported that Emperor William, who
Is now STAYING at shooting lodge near
Evbt6uhnen, met the train conveying the
Gar on his return TO Russia from Den
mark. and had a short conversation with
him.
The Post tonight, referring to Count Won
W Waldersee's restoration to Emperial favor,
states that the Emperor has nominated him |
to the command Of the Guard de Corps. The
will keep Won Waldersee in
Berlin, and will give him the ear of the
Emperor, with whom he will have greater
influence than ever
In an interview, Captain Bingham, mill
tary attache OF the American Legation here,
who has Just returned from the German
military maneuvers, dilated upon the cour-
tgSy be had received from the Bayarian- |
Prussian authorities. Captain Bingham
SAID that he was greatly impressed by the
Tondertul uniformity of training which was
shown by the soldiers. The marching power
o1 the German army, he declared, was al
most incredible
COMPLIMENTS THE FIGHTING GERMANS. |
Speaking Of the fighting qualities of the
army, Captain Bingham said the main |
actor in real war; is the marching quality
)t the men, adding: "When YOU can count
1n having your foes always on hand at the
night moment you can win by force of num-
9ers. Captain Bingham spoke in the
highest terms Of praise of Emperor Will {
am : untlring energies in the saddle His
Majesty, he said, took the field at + o'clock
n the morning and remained until 3 o'clock
u the afternoon I
Even the Empress, who attended the ]
eviews, remained in the saddle for four
lours, although the heat and dust were /
tifing. She smilingly saluted the troops &
IS they passed, filling the soldiers with the /
-reatest enthusiasm. In conclusion Can
ain Bingham said he had learned enough of (
'aluable interest to the American army to t
ompensate him for the fortnight's fatigue ]
nd hard riding.
SOCIALISTS AcRNnIyr rnnp r.runp