St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-01
NEXT OUTPUT $1oo,ooo,oo0.
1t Is Said to Be Arranged
That Foreign Houses Will
Take the Loan.
CALL SOON TO BE MADE.
Sub-Treasuper Jordan Denies
Rumop Of a Sterling
Loan.

NEW YORK, Jan. 3l.-ASSlStant Sec
rotary of The Treasury William E. Cur
It's, who arrived from Washington last
night, reached the subtreasury this
morning shortl yafter Ii O'Clock and had
a conference with representatives of the
leading foreign banking houses i'll this
city, including August Belmont, who
represents the Rothschids: George E.
Crane, of Barring. Magoun 81 Co.; Ernest
Thalman, of Ladenberg, Thalman Il
Co.; James Speyer. OF Speyer 81 Co.;
Isaac n. Seligman, of Sellgman 4 Co.;
Maurice Wormser. Of Wormser q Co..
and Mr.. Never, of Lazard Freres. Mr..
Belmont was among the earliest callers
on MIR. Curtis. and on leaving the sub
treasury he went directly to the office
of J. Plerrepont Morgan & Co., aDd had
private talk with the head Of the firm,
returning with him and going into con~
ference with the assistant secretary.
The three had an extended discussion
behind closed doors. At 2:2O o'clock
Mr.. Curtis left the subtreasury by a
rear door, thus avoiding the reporters.
who bad not been able to obtain access
to him at any time during the day.
After the assistant secretary had gone
Subtreasurer Jordan accorded the re-
porters of the Associated Press an inter-
view. He said:
"Mr. Curtis came on from Washing
ton as representative of the secretary OF
the treasury to obtain information
needed by the department, and he has
left for the capitol with his mission &C
complished, but nothing has been sold
and nothing has been bought. 1t is a
fact that he came to discuss the queS-
ton of
= Placing Government Loan.
40 l., tile story OF q Sterling loan. there
is nothing in it.'
Mr.. Jordan would say nothing further
Oh the subject, and all further queries
were met With the statement that he
had nothing more to say.
The assistant secretary has started
for Washington. 1"0
1t is confidently expected in financial
circles here that new bond issue will
be announced within few days and the
amount of the loan is generally esti-
mated at 100000, 900. 1t is known that
the foreign banking interests nave eX-
pressed themselves in favor of four
per cent bond. hence it is believed that
long-term fours will be issued at price
which will yield the purchaser 80 per
cent. There is excellent authority for
saving that Mr.. Curtis was vested with
authority to do more than ascertain the
views of the New York bankers.
All those with whom he conferred
were representatives of foreign firms of
the leading financial centers of Europe,
and the man who takes the most promi-
nent part in the conferences Is Roth
schild's representative, August Bel
mont, who is credited with having
formed a syndicate of foreign houses to
take the entire 500. 600, 600 loan with the
understanding that S75,000.000 shall be
placed abroad and S25.00,000 at home.
The gold to pay for the bonds will
come, it is said, in great part. If not as
a whole, from home sources, but with
out recourse to the United States treas
ury. 1t is known that Mr.. Curtis COM
muncated by telegraph in cipher with
Secretary Carlisle during the day and re-
ceived a reply. but the nature of the
message is not known. A member of
foreign house, which was represented
at today's conference. stated to repre-.
sentative of the Associated Press this
evening that the negotiations for gov.
eminent loan had been practically COM
pleted today on the terms given above.
and that unless the unexpected hap
pened the official notice would be given
out tomorrow or.the day after. He also
stated that August Belmont was taking
the part in regard to the proposed loan
which President Stew art, of the United
States Trust company, took in floating
the recent per cent loan. This gen.
tleman limited that, after the conference
at the subtreaSury had closed today. MIR.
Curtis held a secret session with Mr..
Belmont. at which pretty definite terms
were made,