Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1901-06-01
TO PLACE BIG BRITISH LOAN.
Wall street Believes That Is Part of
j. y. Morgan's Mission In England.

wall street Believes That Is Part of
| y. y. Morgan's Mission In England.
| Financiers have been of the belief
for several weeks that the present visit
of j. Pierpont Morgan to London had
an important connection with the fix
Ing of the British budget for the year
and the providing of funds with which
to meet the large deficit which every
one was sure must exist In the reve-
nues on account of the extraordinary
expenses of the Boer war.
| Two important facts lent color to
this belief, says the New York Jour-
nal One was that the plethoric con-
dition Of the New York money market
would probably make 1t easy for Mr..
Morgan and his financial associates to
place large loan in the United States
at perhaps half per cent less than the
rate Lombard street would be obliged
to charge.
The second was the taking into the
London house of J. S. Morgan g. Co of
Clinton Dawkins, whose close connec-
ton with the British governmental
! financial affairs is well known. Mr..
Dawkins was the financial member OF
the council in India and is regarded as
one of the ablest financiers in England.
Although heand Mr.. Morgan were stral-
gers a year ago, when Mr.. Dawkins'
appointment was made, the offer of a
place In the Morgan firm was made to
him, and this offer was kept open for
| him until some one could be found %
take hia place under the government.
| His salrsy In the Indian council was
| e. 900, while as senior member of the
Morgan house he is to receive a mini
mum of f15,000 year.
! 1t was said at the time he entered
the firm that his familiarity with Eu-
ropean finances would probably en-
| able him to see many valuable oppor-
tunities for profitable deals which the
easy condition of the American money
market might enable United States
houses to handle to greater advantage
| than could be done in London.
| The most varied representation per.
| haps of widely differing creeds working
| together for a common religious and
not merely philanthropic purpose since
| the congress of religions at the Column
bian exposition in 1898 is to be found
In the lecturers comprising the faculty
of the third annual session of the Har-
! ward Summer School of Theology,
which will open in Cambridge July 2
and close on July 10, after three
weeks course. For example, from the
Roman Catholic university at Washing
| ton will come Professor w. j. Kerby,
| from the Methodist Boston university
Professor b p. Bovine. from the Epis
| copal Theological school in Cambridge
| Dean Hodges, from the Unitarian The
illogical school in Meadville, Pa. Pro-
fessor n. p. Gilman. from the Univer-
sity of Chicago, with its strong Baptist
affinities, Professor Smaller Mathews,
and from Congregational Trinitarian
! Bowdoin college President William De
Witt Hyde.
| The general aim of the school this
| year. as In its past sessions, will be
| to furnish for clergymen and divinity
students opportunities 'for the study of
| subjects of intrinsic and current tbeo-
| logical interest" and to give them the
| inspiration which comes from contact
with the best results of modern schol-
arshlp, the special topic being THE
| Christian Minister'S Relation to Social
| Topics"
The lecturers from Harvard univer-
sity for the coming session will be
| President Eliot. Professors N. S. Sha-
| Ter. G.. ii. Palmer. +. G. Peabody, Eph-
rain Emerton. +. w. Taussig, Hugo
| Munsterberg, T. n. Carver and others.
Besides these lecturers from Harvard
| and those already named there will be
| the following; Rev. A. ii. Bradford of
| Montclair n. j.; Mr.. John Graham
Brooks of Cambridge, Professor j. b.
Clark of Columbia. Mr.. r. T. Paine of
| Boston, Principal Booker T. Washing
| ton of Tuskegee, Ala; Mr.. Robert A
| Woods of Boston and Hon. Carroll ID.
| Wright, United States commissioner of
labor.