The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-01-07
Continental Financiers Give
Their Opinion.
THEY MAY NOT BE TAKEN
1t Depends on the Feeling Be-
tween the Countries.
PRESENT TIME INOPPoRTUNE
But Under any Circumstances Both In
terest and Principal Must be Pay
able in God---The Roth
schld's Opinion.
schild's Opinion.

~~'''% P''NCifs
New York, Jan. 6.-The World, to-
morrow will publish the following
cables:
London Jan G.--To the World, New
York:
In answer to your telegram of the
fourth, we beg to say that under or
dinary circumstances We would never
venture to offer an opinion on any fl
nancial question which is under dis
cussion by foreign government and
its legislature, but we are always
ready to give our advice on any prac-
tical issue when called upon to do so
by those who have power to act. Last
year, during the financial crisis in the
United States we made an offer for q
3 per cent loan and Congress failing
to give necessary powers to enable
such an issue to be made, we under
took with others to place a certain a.
mount of per cent coin bonds.
As you now have done us the honor
of asking our opinion, we must tell
you very frankly that in our Judgment
the severe financial situation at pres
ent is chiefly caused by the political
crisis and as soon as the American and
English governments have satisfacto-
rily settled the questions at issue the
financial strain viii be considerably
relieved If il does not altogether dis
appear. Until this boundary ques-
tion is arranged, we don't believe that
either the European public or capi
talists viii take many American bonds
for investment, il any, and we believe
that although certain number of
people ON this side of the Atlantic
have signified their intention of taking
a share in a syndicate to be formed in
New York they have only done SO in
the belief that at the present moment
they will be enabled to resell the bonds
in America. When the political hor-
iZon is quite clear and it is finally es-
tablished in the minds OF all men that
the good feeling and understanding
which existed in the hearts of the peo-
pie of England and America is beyond
doubt and is acknowledged and rati-
fed by the two governments then Will
be the time and opportunity OF Amer
leans to apply to the british capital
lists.
We offer no suggestions how this is
to be accomplished. 1t is for the gov
ernments TO decide this.
(Signed.) N. M. Rothschild &Sons.
Berlin. Jan. 6.-Nothing taken place
in the negotiations for a new loan, we
think il in opportune to give an opin-
ion on the subject.
(Signed)
S. Bleichroeber & Co., Brokers.
London, Jan. 6.--In my official ca
pacity / cannot express any opinion.
(Signed) Ts ~
Governor Bank of England.
London, Jan. 6.-Cannot express
opinion as to continental investors.
Doubt if sufficiently attractive here In
form suggested.
(Signed) 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 two countries at the time OF issue.
(Signed) Childs IL Co.
Paris, Jan. 6.-Believe European in
vestors would readily take United
States threes, principal and interest
payable in gold but coin or currency
bonds, even per cents, would find quite
limited market.
(Signed) Munroe q Co, Bankers.
London, Jan. Elf your inquiry re-
fers to United States bonds, express
ed in coin, an expression regarded here
and on the continent is equivocal and
dubious, 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 con-
tinent, but these are exceptional times
and at present even that may be un-
certain. In our opinion also the alb
sence of small boarded savings in the
hands of the people of the United
States, such as among the French,
make the support of popular issue in
the United States unpromising.
(Signed)
Brown Shipley 81 Co, Brokers.
Paris, Jan. 6.--French capital would
largely participate in United States
loans provided principal and interest
be paid in gold. Terms would depend
on circumstances.
4