The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-26
LOAN AGREEMENT
T0-M0RR0W NOW
THOUGHT LIKELY
Departure of Sir Ernest CasScl
Regarded as Most Favor
able Sign.
MEMBERS OF MISSION
REST OVER WEEK END

Pending word from Paris and London
on the new features of the foreign credit
loan suggested by the American finan-
ciers, little could be done yesterday by
the Anglo-French mission and American
financial interests. The further working
out of . few details along lines already
approved rs in tho original proposals
OF the visitors could be attended to, but
hat was all.
Sir Ernest Cassel. one of the foremost
bankers of England. who came to this
country on the same steamship that
brought the mission, started Tor home
yesterday on the Philadelphia.
Although Sir Ernest was not at any
time seen at the Biltmorc. nor men
toned a. IA participant in conference
between the Americans and the English
men and Frenchmcn, IT was thought all
along that he might be In this country
In an advisory capacity. He made one
visit to Jacob II. Schif Of Kuhn, Loeb Il
Co, which he said was entirely social in
its nature. and Mr.. Schiff. whose bank
ing house is not committed in favor Of
the loan nor against 1T, repaid the
visit.
The departure of Sir Ernest yesterday
was taken as a most favorable sign. lie
declined to say a word when seen aboa I'd
the ship.
Robert Fleming. another great Brit
hh banker. is still in the city. lie has
not yet been seen In company with any
Of the Members of the mission, all Of
whom he knows.
The members Of the mission did not
have "A crowded day yesterday. The
visitors to the Fillmore, 50 far as could
be learned. were j. l.. Morgan. Henry
II. Dawson. Thomas ". Lamont. all of
the Morgan firm, and charles J. Hemp
hill Of the Guaranty Trust Company.
Thereafter the members of the mission
left the hotel FOR the week end. not to
return until Monday, according to the
best information.
American bankers yesterday were
very hopeful that England and France
will cable consent to the foreign loan
in its modified form by tomorrow. 1t
10 thought they will consent to a loan
for "A less amount than originally pro-
posed, because they have the assurance
that II the 5000. zoe, 600 loan is put
through and does aid American
farmers II manufacturers In dispos-
ing Of their surplus AZ advantageous
prices there will be absolutely no AIM
Guilty in arranging a similar loan next
year II the war continues that long.
Once the American farmers and
manufacturers ma tndt "A loan to the
foreign Powers helps the United States,
instead of Arguments against il. nr
doubts. therr Will Ice Clamurings for a
new loan. one banker said yesterday.
Then IL the visitors want a billion they
will have AN educated public to- deal
with.
This same banker said that according
to the computations ~ American bank
ers $500, GOO. 900 Will keep foreign rN-
change normal FOR between nine and
twelve months. or long enough to de-
eide the public one way or the other IN
the matter.
In the absence of definite news there
was the usual crop of Wild rumurs yes
terday. oUc was that the mission has
engaged passage for England OF a
steamship leaving next Saturday. Men
who are close to the commission said
this was a surprising eport to them.
They pointed out that even If the two
parties do come into accord Tomorrow.
the formal!ties incident to binding a SYM
dictate to supply such a huge sum of
money will require more than a week
to finish.