The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-03-15
FRANCE HOSTILE
TO U. s. FINANCE
ST. STREET of the New York
Stock Exchange Finds
Deep Antagonist.
STUDIES OWEN BILL
Spends Week in London to
Get Views of British
Financiers.
CURRENCY LAW PRAISED
Only Objection Is That There
should Have Been hut
one Reserve Bank.
mRRENCY LAW PRAISED


LONDON, March 1i--Samuel r. STREET.
one Of the governors oil the New YORK
s,ock Exchange. who is investigating the
beurses OF Europe with a view of report
,ar 10 the New York exchange whether
n car make changes In conformity with
senator owens bill. by which the Post
rnaster-General shall decide what securl-
ties may be listed on the various ex-
changes, spent this week in London He
\ Ia. made thorough investigation Of
me situation In Paris, and will proceed
On Monday TO Vienna, thence gong TO
, Berlin.
ouired volume of interesting lnfurma-
Ion ne had not como TO any conclusion,
and that II would b. cufair to comment
On what he had learned until he had
made full report to the New York Stock
\ Exchange He was willing to say, how
ever that in France he found intense
ahiagonisn on the part OF ordinary in
visitors toward American securities. This
vas due 20 tue appointment OF q receiver
FOR the Frisco road. He said that the
biz enanciers realize. however. that such
failures we're merely episodes and were
70, Characteristic Of the general run of
sable American securities. They were
ca-e.ully studying American conditions
AID affairs with closer ami more sympa-
. ,aetc scrutiny and with realization that
The days OF frenzied finance had passed
Praise for Curr-uc. Act.
NJ STREET added:
"Unc great influence which Is bring
ne about this attitude on the part OF
OK hr.uci,fs r. France. is the new cur.
. Ccy law. which they realize makes for
.rea,-g stability and ut the same time
yves s.vItvr elasticity In trading and
uoc t,.nationality in finance. TIER
.p''''I. which - shared by big financiers
o. England. j. that while the currency
b.. vs. DOG perfect 90 per cent. of II IL
excellent AND u marks the entrance OF
D. United states as one Of the eminent
s-;o-s in International finance.
L. e.y one believes that it IL the great
I ,t-p forward that has been taken by
ne United states in financial directo IN
~ %, way II works out is being
WATCHED with intense interest. Where. In
iher Jp' iol, thr TN fails H. ia the mum
be- OF reserve banks Slc Edward Hol-
a.a expresses the views of all on this
oo.., when he says There should have
been or" central bank with branch, :
llesr orc board and advisory boards
, SPREAD throughout the country Instead OF
sgn' separate banks under nine separa e
e0ards aad In this way the same OBJ
Jet could havp been achieved
Central Chamber of Commerce.
Edward TI.one. the Boston delegate 10
u International Congress % Chambers
Commerce, Will start FOR Brussels on
March 81 10 arrange details for the con
\'enuon which meets in Paris on June 3.
NAer. VIII be a great number OF delegates
from the South American republics. Mr..
ruen- stN~ that one OF the most i'm
ro7sni things 20 be discussed Is the plan
% place the association on q permanent
. roofing with permanent star and offices
which vii. be maintained al the year
'olnd j. H. probable that some neutral
country such as Belgium OF Switzerland,
VII Do selected as the headquarters.
nj filvue says he was astpnished 10
.,arn ot tho charge made by John T.
Leniesty Of Chicago that academic pro-
,essors aud students from Boston are IN
south America on behalf OF the Boston
"hdmhcT OF Commerce 'and that their
pfeeerce there Is resented by South Ameri-
an business men. Mr. Filene said.
Ine Professor We sent is man whose
serve are in request throughout the
United States. while in regard to the
othefs this s the first suggestion that has
Oeen made mat their mission was not sue
eesstul Mr.. Flene concluded by asking
= VINO lie trnfesty? l never heard OF him
bsfore