The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-03-07
RUSSIAN LOAN IN AMERICA
New York Syndicate Arranges TO
Take TWenty-Fiye Millions

New York. March 6.-AdVices from Rus
STA early in the present month related
that So 00. 600 guaranteed by the Russian
government. had been purchased by the
New York Life Insurance Com3any. The
sequel was announced today by w. c.
Van Antwerp of SeIigman & Van Ant
werp. 50 Broadway. who was the agent
through whom the transaction was ar
ranged
The sequel is that the Russian imperial
government has come 10 the United
States for a S25. 900 90 loan and that the
money has been subscribed. The sub
scribers 10 the loan are well-known New
York capitalists. John A. Mccall. presi-
dent of the New York Life Insurance
Company, which has a bigger business
in Russia than any other country outside
of the United States, has taken the larg-
er part Of the loan. or. rather. the 10000
COO referred to. The other men who took
large shares are J. Pierpont Morgan. the
Rockefellers and Charles S. Fairchild.
Five million dollars of the loan has al
ready been deposited 10 the credit OF the
imperial treasury with J. Pierpont Nor
gan &, Co. the National City Bank and
the New York Security and Trust Com
pany.
The syndicate accepts as security vs.
900 OF the first mortgage bonds on the
Wladikawas Railroad system, which are
guaranteed by the Russian imperial gov
eminent. BY the terms OF the loan the
principle and interest are payable in gold
coin OF the United States with the New
York Security and Trust Company.
This loan was arranged with the Rus
sian imperial financial agent at Wash
ington by Van Antwerp. the agent Of the
syndicate. and the deal was completed
yesterday.
Mr. Van Antwerp said today that BY
the terms OF the agreement not one cent
Of the f25.000o00 would leave this country
It will remain on deposit at the banks
already mentioned and checked against
from time TO time by n de Routkowsky
to pay bills the Russian government Is
IS contracting from time TO time with
American shlpbuilders and iron and steel
and locomotive and railway car builders.
The volume Of Russian purchases ot
ships. locomotives and other articles q
American manufacture has increased dur
ing the last decade 70 SO go annually.
NJ de Routkowsky told AR Van Antwerp
when he was in Washington that there
were 10 locomotives Of American manu-
facture on the imperial railroads already
and as many more were ordered
". de Routkowsky. ths financial agent
here. Is in a comparatively new office He
IS reouted % be one OF the ablezt fuaB-
oiaI men IN the imperial service and 50;
his experience IN the Russian imperial
bank He keeps a fine establishment a.
Washington.
The fact that the Russian government
sees ~ 70 maintain a special financial
agent IS taken 20 indicate That II will look
20 This country for further and perhaps
longer loans IN the future
This 81. 90 90 is the only loan o. such
a large SUN ever made By American cap
ltsilsfs 70 Russia. The New York. TIE
Mutual ard ;he Equitable Life Insurance
comp anles. al Il which DO an enormous
business n Russia and have regular -
Establishments AZ st. Petersburg. have made
smaller loans.
TIE wlaSlzwas Railway has been r.
operation Tor fifteen years = - 80 kilo-
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ton q s9uthe-n Epsala sefwsea - Vol
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