Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1915-09-15
Financial Delegation Here to
Float Bio Loan or Make Other
Arrangements For Ex-
tension of Credit.
TO MEET BANKERS TODAY
Powerful Interests at Work to
Finance Big Purchases By
Allied Governments
Plans Unknown.

New York. Sept. 1.-THE Joint Anglo
French financial commission of six
members, sent by Great Britain and
France to adjust the foreign exchange
situation here. reached New York to-
day aboard the steamer Lapland from
Liverpool. They were met at Quaran-
tine by ]. p. Morgan and H. p. Davi-
son, Of the Morgan firm.
The first of a series OF n~egotiations,
big foreign credit loan in this country
popularity believed to be In the neigh
borhood OF $500, 600. 000-wil be held this
afternoon in the private library Of j.
p. Morgan.
A formal statement issued on tho
preston a by any member OF the
party for publication. THIS statement.
issued at quarantine. reads:
The Joint Anglo French mission.
under the craftsmanship of Lord Read
ing, which has been sent to h United
ton Of h exchange between New
York, London and Paris. arrived his
morning by h Red Star steamer
Lapland.
Personnel Of Delegates.
The British delegates are the
Ikl8uI E1oN. AOTO reaOlng, OI ErAol8ns
G. G. B., K. c. v. o. (the lord chief
justice Of England); Sir Edward Hol-
den. Bart: Sir Henry Darlington Smith.
K. G. b. G.. 8. l., III Mr.. Basil H.
Blackett, C.. B.. OF the British treasury.
The French delegates are Mons. Oc-
tave Homberg. representing the
French treasury. and Mons. Ernest
Mallet, director of the BanQue De
France.
"The object Of the visit Of the mis-
sion Is to consult with the American
bankers and others as to the best
exchanges between New York. Lon
don n Paris in order that the COM
merce and industry of the three coun-
tries may suffer as little al possible
during the course o. Mr. Blackett
will act as secretary 20 the mission
Bankers to Confer.
Prominent New York finsnciers. in
Guiding the presidents of some of the
city's strongest banks and trust COM
pantes. will be present, informally rep
%resenting the American syndicate Of
moneyed interests which probably will
attempt to underwrite the loan; on the
n hand. representing the British
empire. France n perhaps Russia.
will be the six members of the Anglo
French commission, appointed to deal
with the situation here on behalf Of
their governments.
ocyOiiu IHS udy q pTOSTdIN, no an
nouncement was Forthcoming as to tho
commissions plans. 1t was learned,
however, that today's meeting with
New York %financiers probably will he
the first OF a number of meetings at
which h members OF the commission
will be brought face to a with rep
resentative men of the American fl
nancial world from every section of the
United States. Should the stay of the
commission here be somewhat pro-
longed it was considered likely that
bankers from Philadelphia, Boston,
leans. Atlanta. Memphis, Kansas City.
Denver. San Francisco and other largo
cities would be invited to visit them in
New York and discuss the details ii
their undertaking. There will be no at.
tempt on the part Of any one group Of
powerful bankers to monopolize thu
commission OF to attempt to direct it,
energies.