New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-30
PAISH HERE ON
A FLYING VISIT
COnferS with Officers of
EXchanges-Sees Re-
turn of Confidence.

Sir George Paish, special adviser TO
the British Chancellor Of the EXche-
! quer since the beginning OF the war,
accompanied by Basil b. Blackett, OF
the British Treasury, came here from
I Washington yesterday and visited the
financial district for a few hours. Sir
George met the special committee of
five. which is acting as the war board
of the Stock Exchange and the con-
ference committee Of the Cotton EX-
change. as well as a number Of bankers,
including Benjamin Strong, Jr, gov
ernor, and Pierre Jay, chairman, of the
local Federal Reserve Bank, with whom
he had luncheon. He was also Wis
itor at the office Of J. 2. Morgan q Co.,
where he called upon II. F. Dawson.
Sir George end Mr. Blackett, who left
Washington only at midnight on
Wednesday, said that they would re
turn to the capital last night, III. order
10 confer with the special committee
Of the Federal Reserve Board, Governor
other bankers. Those who will 20 from
New York are Albert II. Wlggin, pres
ident Of the Chase National Bank;
BENJAMIN Strong, jr., and James Brown,
Of Brown Brothers q Co. Mr. Strong
will take with him a statement of the
American position in the international
financial situation. upon which he has
been at work for several days.
At the Stock Exchange SIR George
and his companion had an informal
meeting with the committee OF five and
some Of the governors, remaining about
an hour. in the course of which they
discussed a variety Of topics, but made
no spccinc recommendations. One Of
those present said later that when Il
was first learned that the former edi-
tor Of "The Statist" was coming to this
country an invitation was sent him 70
visit the exchange. This was the trst
occasion. however. on which he had
been able TO get away from Washing
ton.
He explained to the committee his
views on the economic aspects OF the
war as affecting England and America,
with particular reference to the re
oDeninc of the stock exchanges He
felt that a resumption OF business
through the stock exchanges should De
effected as speedily as possible, but he
veutured upon no prediction OF "hen
this would be accomplished. Many Of
the difficulties. said Sir George, had
already been removed, and the essen
+iaI thirg-a restoration Of confidence
was rapidly coming into sight, Doth
in England and America.
He said that he believed the hqulda-
ton of securities by England would be
light and our resources would be amply
able 10 absorb them. Concerning other
Humiliation he could not speak with
knowledge.
Sir George said that he had no ad-
vices as to when the London Stock
Exchange would open, but that he had
heard that both the banks and the eX-
change were working harmonlously to
hasten the event.
In connection with the reports that
he had q plan TO propose whereby Eng
land would help relieve the cotton sit
uation here by engaging to take a large
part of its usual share, or by loanlng
against cotton warehouse certificates,
he said that It would seem as though
She already had enough use. for her
resources without entering into any
nIan for financing American cotton.
AT the Cotton Exchange he said that
he had discussed the straddle SITUATION
with the conference committee and with
Z. K. Cone. the president, and that he
thought it likely the exchange authou-
lies would have something to say next
week with regard TO reopenng the
hoard