The Alaska daily empire., 1915-10-05

NEW YORK. Oct. 5.-J P Morgan announced ,his morning that ;he An. gio French loan of s5ooooo.ooO was now oversubscribed. and that the books probably would be closed some time today. Mr. Mcrgan's subscription has not been made known. but 1t is believed to have been fifty million
 It is known that John wniys. the automobile manufacturer. subscribed ten millions. and that John D. Rocke- fener. ST. Harry Payne Whitney and William B. Thompson each took a like amount.
 Charles M Schwab subscribed twcnty-nve millions and the DuPont family subscribed thlrty-dve millions. it was learned this afternoon
 Commission To Leave
 The borrowing commission expects to leave this week on their return to Europe. Tho committee which came to America seeking funds was repre- sentative Of both governmental and financial clements and the membership was considered exceptionally strong.
 The appointment Of Lord Reading as head Of the commission placed in that position Q man who has been intimate ly associated with the financial work of the Chancellor Of the British Ex- cheQuer since the beginning Of the war. both under David Lloyd-George and tho present Chancellor. Reginald McKenna. He has been working con stantiy at the treasury and may be re- garded as renecting fully the views of the highest heasury officials on pending financial questions in which Great Britain and the United States are mutually interested.
 Sir Henry Biackett is a treasury expert of wide practical experience. He was former financial adviser of the Egyptian government and later he acted In a similar capacity for India and also was head of the National Bank Of Turkey. He accompanied Sir George Paish to the United States last year to adjust the question of British holdings Of American securities
 Sir Henry Smith also has been a financial expert for the government.
 Sir Edward Holden is a practical banker. He represented the London Joint Stock banks. which are said to constitute the greatest aggregation of banks iu Che world The London City and Midland Bank, of which he is the managing director is a finan- cial power in London and throughout England by reason of Ns extensive branches.
 Germany Too. Wants Loan
 Suppiementing the Anglo-French loan discussion comes the report in Wall street that German interests. realizing that nothing would keep the Anglo-French loan from going through since it appeals directly Co the farm ing interests of the country. are now advocating @ similar loan for Ger many lnasmuch as Germany Is not now importing goods directly in any quantity. the plan Is to make large purchases of cotton and other com modities and store them in this coun- try until after the war.
 It is also reported in Wall Street today that @ number Of the new war order contracts would be signed. in cluding one for the American Wooien Co.,. and another one for the American Shoe Brake & Foundry Go. In the case of the lastnamed concern it was stated that the new business now pend. ing would run into S25.000.000 gross, with net profits Of S6.000.0o0
 Chicago Only luke Warm"
 Chicago bankers were apparently lukewarm towards the Angio-French loan. President Mitchell of the mi- nois Trust and Savings Bank said. "The Allies do not need S1.OO0 GOO. 900 credit in this country and $500. .00o.. 900 would be ample for the purpose 10 which they seek to apply it Howev. CT. without security it is difficult Go see how they are going to borrow ev- en the smaller amount It was ex- pected that ihe loan would be partly secured by American stocks and bonds and partly on the credit of the borrowing governments without se- curity. which probably would be fair enough