The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-01-07
YILWhD ABROAD.
Foreign Bankers Reply to aues-
lions Submitted to Them.


NEW YORK, Jan. 6-The World tomor-
row will publish the following cablegram:
LONDON, Jan. Ito the World: In
answer to your telegram of the 4th we
beg to say that under ordinary circum-
stances we would never venture to offer
an opinion on any financial question
which is under discussion by a foreign
governments legislature. but We are al
ways ready to give our advice on any
practical issue when called upon to do so
by those who have power to act. Last
year when there was a financial CRISIS
in the United States we made an offer for
a 3 per cent. gold loan, and tall1nS-con-
SreSS refusing TO give the treasury power
to enable such an issue TO be made
we undertook, with others, to place
certain amount of per cent. coin bonds.
AS you now have done us the honor of
asking our opinion, must tell you very
frankly that in our judgment the severe
financial situation at present is ch1e1y
caused by the political crisis, and as soon
as the American and English governments
have satisfactorily settled the questions
at issue the financial strain will be con-
sderably relaxed, If 1t does not alto
gether disappear. Until this boundary
question is arranged, we do not believe
European capitalists will take American
bonds for investment, and we believe that
though a number of people on this side
of the Atlantic have signihed their IN
tention of taking share IN a syndicate
done so in the belief that at the present
moment they would obtain terms which
would enable them at once TO reset! the
horizon is quite clear and it is finally eS-
tablished in the minds of all men that
the good feeling and understanding which
exists in the hearts of the people of Eng
land and America is beyond doubt, and is
accorded and ratified by the two govern
ments will be the time and opportunity
for America to apply to the British cap
italists. We offer no suggestions how this
is to be accomplished. 1t is for the gov
ernments TO decide between themselves
All we can say is that the good feeling
exists among our people on this side, and
you, sir, have proved by your patriotic
efforts. that it exists on your side OF
''-' q N. N. RoTHsCHILDs & SON"
BERLIN, Jan. 6-.Not having taken
part in the negotiations for new loan,
we think it inepportune to give an opin-
ion on the subject.
IS. BLEIGHROBBR & CO., Bankers.
LONDON, Jan. 6.-In my official ca
pacity. l cannot express any opinion;
GOVERNOR, Bank of England.
LONDON. Jan. 6.-Cannot express
opinion as to continental investors.
Doubt if sufficiently attractive here in
"COUTTS. Bankers
LONDON. Jan. 6-In our opinion the
success or otherwise of an issue of
American bonds in England would de-
pend on the feeling existing between the
"CHILDS & CO..
PARIS. Jan. 6.-Believe European in
vestors would readily take United States
threes principal and interest paid in
gold but for coin and currency bonds, even
+ per cents would ma very limited mar
ket MONROE e. CO.. Bankers
LONDON, Jan. 6.-Your inquiry re-
fers to United States bonds expressed in
coin, an expression regarded here and
on the continent as equivocal and du-
bious We don't believe any such per
cent bonds would be taken abroad.
In ordinary times a per cent. United
States loan expressed in gold would no
doubt go well here and, on the CONT
nent, but these are exceptional times and
at present even that may be uncertain.
In our opinion also, the absence OF small
boarded savings in the people of the
United States, such as among the
French, form the support of popular
loans, makes a popular issue in the
United States unpromising.
ID. BROWN, SHIPLEY & CO,
Bankers"
PARIS. Jan 6-French capital would
largely participate in United States loans
provided principal and interest be pay
able in gold. Terms would depend on
circumstances.
THE CREDIT LYONAISE.'