The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-03-17
SYNDICATE TO BUY
MAN WAR NOTES
100000 900 in short Term
Paper to Be Offered to
the Public.
NEWS MYSTTFIES STREET

Wall street was interested and much
made by Chandler & Co. Inc, a bon
ard investment concern associated with
chandler Brothers & Co. a stock eN-
change firm with Philadelphia connec-
tions. tina, II is forming a syndicate
20 purchase Shor, term Gernan treas
ury notes This is the FIRST public at
teInnt at financing of Germany through
4 loan made in his country since the
beginning of the war
Tive amount OF the proposed issue ~
sio. 0oo. 900. the interest rate : per cent
and the Offering price Is TO he such as
to bring a Yield OF 6,s per cent. The
notes are Of nine months maturity.
The two features ~ the propose loan
tina; puzzled Wall Street were the un-
usual and indefinite method Of its an
uouncemeut n the fact that as Vet
the house named as the head Of a syn.
dicate has only the promise OF getting
the notes from the German Government
on condition that It il successful IN
completing the syndicate.
The formal statement ~ Chandler g.
co is a. follows
chandler a Co. Inc. New York ana
Philadelphia. are forming a limited syn
dicate among the leading trust compa-
MES and banks to make a firm offer
OF purchase Of short term German treas
uty notes. No notes can or will he
offered until such oner is accepted by
the German Government"
y member of the Arm denied a report
that became current following the an
: n~ouncement hat It was q plan to bolster
up the market for German MARKS The
proposed loan. ne said. had nothing 10
Il" with German marks. as il would he
payable principal and interest in Amer
lean gold dollars in New York
Negotiations for the loan. /; was sad.
had been directly with the German COY
ernmert aud no; with Count Won Bern.
s'orf - Washington The proceeds ~
tho Dan would ID" used by Tho German
-ioVerurcu; In payment OF purchases ~
supplies already mad. mere. Ths com.
piction a. the syndicate awaits me re-
celpt 90. kilograms from Milwaukee. s..
Lou :. Cincinnati and other cities -:
large German population regarding the
amount ~ underwriting % II. obtained
from these sections.
l. was denied that auv ~ IN" big
New York private international hankirg
INNS with German connections or ~,
Nrheuser-Bus'h brewing Company wee
back OF the firm making the
me't.
The" matter was taken IN with the
safe Department a. Washington. i was
81 %. before proceedin with II. The
suggestion was offered a. to how the
notes would loo delivered in this ,our-
try. IN view % TN" embargo hy the Allies
o. anything coming % u ~ Germany.
The conceal belief ~ Wal stroe' :
that Important GerTau-Amer.cau auk
ing interests are back Of IN" propose
loan. NOnc of them vould admit this
however. Several ~ the largest com
pauics sad t'ia' tn" loan had hecr
offered 20 them. but had been refused ~
he ground that ~ repayment A. tn.
expiration Of nine months Nts decidedly
!u doubt.
Il was lcarred that tho notes are -
be made To- count won R"rrstorf This
you'd ohv ate the practical .npussIb.l.ty
- shipping them out Of Germany.
TIE central Trust Company has con.
scented g act "a deposltary for the funds
II wlI have No participation IN the loar
or other interest in il.