The Birmingham age-herald., 1911-09-14
REPLY |NDORSED
 BY FA|LL|ERES
German Minister of Foreign Affairs Confident of
 Agreement

 sanction to the French reply to Ger manys counter proposals in the Mo- roccan negotiations the foreign min ister, M. de Selves, completed the trans cription of the document and it was de- spatched for Berlin by special courier at 10 o'clock tonight.
 The foreign minister early in the day carried the draft of the reply to Ram bouillet, where President Fallieres is staying, and returned to Paris by mo- tor car.
 Before the document was finally sent off M de Selves had an interview with the British and Russian ambassadors. According to information from a re- liable source the reply Is practically a revised and corrected version of the I proposed Franco German treaty rela- tive to Morocco, which was submitted to the German foreign minister Sep tember 4 The German government returned a duplicate of this treaty to NJ. Cambon, the French ambassador, re- vised according to the requirements of Germany, that is. including a num- Der of omissions and additions. It is SalQ the tTenCu reply dsdiH duNlSes either reincorporating the articles sup pressed by the imperial government or amending or deleting the articles in serted by that government. The French reply accepts certain German demands which do not involve the question ot principle.
 Reasons which have inspired the French government in it's revision of Germany's amendments form the sub ject of a special memorandum carried by the same courier. This will fur nsh NJ Cambon with the clements for any further explanation which Herr von Kiderlin Waechter may request
 Rambouillet, France, September B. President Faillieres today gave his formal sanction to the French reply to the latest note from Germany regarding Morocco.
 Foreigner Minister De Selves after sub mitting the document, hastened by motor car to Paris and If the reply can be trans cribed in time, courier will leave with it for Berlin tonight. Otherwise the note will go forward in the morning.
 Paris. September 13.-The minister Of foreign affairs, M. De Selves, went 10 Ramboulet today to submit to President Galleries the French reply to Germany's counter proposals looking to settlemen, of the Moroccan dispute.
 This reply was agreed upon by the eaoi- net yesterday after a draft had been sub mitted to his colleagues by the foreign minister and the situation raised thereby was discussed by the ministers for three hours.
 An effort will be made to so conclude the matter that the French note may be forwarded to M. Cambon, the French am- 1 bassador at Berlin today or not later than l tomorrow. It is understood anticipated the latter French expression emphasizes the necessity of maintaining commercial equality of all in Morocco and insists that France shall have a free hand politically in that country.
 The Deutsche bank of Berlin has tel egraphed the Societe Generale asking it's officials to deny the published state ment that the Paris bank had refused to renew a loan of $1.200,00O to the Deutsche bank. M Dorizon, director of the. Societe Generale, denied that such a loan ever existed.
 Berlin, September 13.-During the past few days, both at the foreign office and in social circles, the minis terto of foreign affairs, Herr Von Rider len Waechter, has expressed implicit confidence in a satisfactory settlement with France regarding Morocco.
 The French answer to the latest Ger man note, it is believed, will accept part of the German proposition, leav- ing others for further negotiations. The officials scout the assertion that the reply of France will amount to an ul- timatum.
 The Bourse continues more optimistic concerning the Moroccan situation. Nevertheless, withdrawals of French money assumed much more serious pro- portions today, causing an unusually sharp advance in Paris sight exchange. The movement however, does not eX- cite particular concern among Berlin financiers because the Paris balances here already had been reduced to less than one third the normal at the end of June.
 In other quarters no political signif- canoe is seen in the withdrawals of French money as Paris also is recalling it's balances in England, Switzerland and Belgium. owing to the position Of French money markets. The withdrawals locally are regarded as less serious at this mo- ment because the German balances in London and New York have recently been 1 largely increased through sales of Amer | ican securities.
 l Nevertheless the private discount rates today awakened apprehension at the Inn ! perial Bank of Germany, which is under heavy pressure this week. The managers, it is reported, probably will decide in a few days to advance the bank rate.
 The report from Paris that a bank of
 that city had refused to prolong loan
 of 100000 mace to the Deutsche bank Is | cmphatically denied by the officials of l the latter institution.
 |pOTTER'S ARREST