New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-17
Talks WITH M'ADOO
AND GREGORY HERE
rypert Declares Our Mar
ket Needn't Fear Great
Liquidation.
ENGLISH BANKS TO
AID IN PROTECTION
s,y London Has Gold to Spare,
but Expects u. S. to Pay
Her Debts.

ne presence in this city of Sec
-ry MeAdoo Of the Treasury and
...rney General Gregory. cOincident
"A the arrival yesterday on the
r,nie Of Sir George Paish, formerly
.,..r Of ''The Statist," Of London, and
~ oseial adviser Of the British
J,,,rry. gave rise to reports of con-
a,rsss Of great international i'm
,,,.,nee between these officials and
eminent New York bankers.
Sr George was accompanied by Basil
, glscke,t, Of the British Treasury.
n,r will confer with the members of
:, Federal Reserve Board in Wash
b,.u in few days over ways and
-',a, for lettering the International
s.,,,isl situation.
They went 10 Washington late in the
,a,aoon. and last evening Sir George
u, Sir Cecil Spring Rice, the British
AMBASSADOR. who has been acting with
Secretary NcAdoo TO bring about this
International conference.
Aside from the subject Of re-estab-
Fahg foreign exchange the question
"a, reopeninc Of the Stock Exchange
hyu York, to follow the resumption
4 tsdness on the London exchange,
Elkn important subject Of consid-
sz,iaa for Sir George and the United
sa,s treasury officials.
his understood that English banks
vi assist in protecting American Sc
riiiss sndthere will be no calling OF
lans on such securities when the
rmtorum in England expires on No
unber 4.
Sir George Paish and Mr.. McAdoo
vi also take up the question Of cotton
upors, which is now occupying large
nip Of the attention Of American
i,snrers. Sir George believes that,
Nth the American exchanges open, the
i'E Of cotton and other American
PRODUCTS 10 Great Britain will be IA
tiisted
Sr Georges attitude toward the
t,srsisl future was optimistic. He
at he thought England would sue
aaiully meet the crises caused by the
M
At the pier here TO meet Paish and
sssksit we're George L. Roberts, Di-
Hs;sr Of the Mint, and Theodore II.
Pno
81 George visited .he financial dis
Mt but held no formal conferences
'as bankers. These, it was said,
s'sd come after he had talked with
w Washington authorities. Yesterday
vas merely renewing some old
a'idships, going u see among others
~ Morgan and Albert II. Wicgin-
e'llnan Of the Clearing House COM
sisss
W'e on shore, the British economist
y" dlsinchned 20 discuss in detail the
'a''ns Tor his visit. On the way up
@ bay IN the Baltic, however, he
''ss with considerable freedom. say
= hat he and mis- colleague, Mr.
'asssii, were here as representatives
y ne British government. come to get
~"ination which would eventually be
~'led 10 service in devising methods
restoring order and a working
~ 10 the disturbed international
We are coming 10 get information
discuss the whole financial situ-
W with Treasury officials at Wash
'es Sir George.
....eefnlng the establishment Of al
gs. g,sasuonal clearing house he said:
sr ss an entirely new thing TO me.
~ win no definite plan. Our pur-
NJ N coming is to get information
=, than TO make proposals. We eX-
ts..o 70 20 over the whole financial
- H:Sn' receiving suggestions and get
4, .eeas whereby we may improve
M" "Iuetion between the United
ss' and Europe"
was asked when he thought the
~. ,On Stock Exchange would open
,s,a. ne said he thought within a
4 usoie time" Mr.. Blackett put in
. A., oon want to commit ourselves
80 definite time for the reopeninp
't,s. london exchange, but the mora
Il, VIII be of on November 4, and
! "a, eSsnefal expectation is that before
a,,ssS1 s1e some plan will have been ar.
sss whereby the London exchange
oe opened"
,,,T..! )sagment," said Sir George
hsb,hg. questions relative to the
ss,E y. une Of opening the New York
ss,iyr1 r1tSehhange and 20 the amount OF
81 .tS' securities thes were likely
ian. TWtown upon the LEGAL market
W. n"galdatlon need be expected BY
lsuids,;a.eet; And | believe that what
4 assp oh ssa mere may be can readily be
'hb,s. .aff Of. As to the date of re,
hAios your exchange ! can say
.F,, Conditions in England.
X
IN prae,isIHeo conditions in England are
esily normal. When war wa,
oed on page 2. column 2