The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-09-06
FEELING DOUBT As TO
PURPOSES Of GERMANY
satisfaction Over Diplomatic Victory
Won by Wilson Has One
shade
DIPLOMATIC MOVES NOTED
Pr;ncina, Occurrences of Last Week
May Cause Revision OF Recent tai-
ctiations. Declares SIMS Review.

New York, Sept 1.-THE suns
weekly review of the financial sit4a-
ton tomorrow Will say;
While there has been no material
alteration of banking and business
perspective the principal occurrences
Of last week were calculated 7" cause
a decided arrest Of attention ana pro-
woke inquiry IL the prospect mig ht
-euloteiy involve a revision OF rece ut
calculations.
Definite relief from q good deal OF
he strain into which oBr relations
with Germany were thrown last May
yas afforded by Berlin abandonment
II the atrpcious extremes ef the Won
Tirpitg policy or submarine warfare.
At the same time the satisfaction felt
over tie diplomatic victory by Wash
lngtar in this matter was qualified
~ doub. As to the purposes ii Ger
many IN It's change N attitude. Hlgh
International policies convergiDs on
Washington was ins sll respects con-
3acEve 10 a mood or financial tsi4d
BUSINESS caution. especially when open
n7aneavsrs began 70 be made To IN
stitute peace proposals apparently
with Germany consent. Il NOT AZ
German insttgatioH. \ real peace
which would terminate the awful ca
ga7aitv af tire European war would
eyesrraud extensive readinst meut, aHc
while any convincing signs are JACK
~ q an early consummatfon SO de-
.-eutfv 10 b.. wished the diplomatic
5rs8yes sow being made have - 80
taken into the financial and business
Reckoning
For the most part. however. the
overs IA aowinK considerations ~ the
financial movement have been pro-
v4sers bv The acute disorder Of the
international money market The de-
mora ft7ed conditions Into which tho
foreign exchanges fell when sterling
exchange broke about 2 l-2 cents IN
three DAYS, carrying the August &c
cline TO fu1lv 81 cents FOR the pound,
had financial and commercial s4s-
mica nee whether or not II had any
political tokens which could he con-
nectes with tho outlook for contln-
uation or ending Of the war. Il was
manifest that an economic stage had
t.eeu reached IN The wfAT Whlch
threatened even though In distant
fashion the operation forces that nave
worked for our own industrial and
business Improvement this year 10
gefher with the betterment OF quoted
values In wall Street.
Although the decline was excess
ssvelv violent when sterling cxeha0g"
ZEN 10 1ppiDA4GHGkF+S sf+@F al AA''
half ~ the past week, \ was the
signal % new financial crisis re-
suHins from the war What has been
practically the International bank
note Of the world a bin on London
giving an unquestioned title 70 hs
face vi luae In gold at the international
money center of modern times, has
suffered a serious depreciation, which
upsets the whole basis Of international
trade.
Sterling exchange Is in diminish
ing demand and likely TO continue so
during the war as a means OF flnahV-
ing commerce between nations, BN
the same token British toying power
is shrinking IN the market places out
eide the United Kingdom. paffi0' T.
iarlr in the market places 80
United States. 10 which the "
peis resort nv Great Britain
allies and other countries
by British finance.