The sun., 1915-10-05
EXCESS LOAN OFFERINGS
MAY TOTAL $15O,OOO,OOO
Expected Before Books Close To-day-Subscription
Range From $5,OOOOOO to $1OO-Rush for Bonds

night the Anglo French loan was over
subscribed nearly sl00,OO0.0O0 at the
| close Of the business day. The books Of
this morning and by then. 1t is thought,
the oversubscription will be in the
neighborhood Of s15O.O0O, 900, making
the total amount $640.0OO,00O.
It was asserted yesterday that 1t
took just ninety-six hours for Ameri-
can financlers to raise the s490, 900, 900,
which must be subscribed before re-
bates Of slo.Ooo,Ooo can be paid. on
Saturday evening the s4S0,O00.o 900. which
is to go to the two countries In return
for $500 100000 in bonds. had been
pledged.
The mails and the telegraph wires
brought an immense number OF sub
scriptions yesterday morning to the syn
dictate managers In New York city. while
still more were reported from Boston.
Chicago. Philadelphia. Pittsburg. Baiti-
more. Omaha, San Francisco, Seattle.
Portland. Ore. and Portland. Me
Range From ss, ,OOO.O 900 to 400.
These subscriptions were OF all sizes,
from the $5.OO0.00O subscriptions OF
w llIlan f6OCkeIelltr anu SlT Nts-
sci to the 500 offering of wage earners.
Sir Ernest Cassels subscription was
announced for a particular reason. He
is one Of the foremost private bankers
! of Great Britain. At one time he was
financial agent of King Edward VII. and
he has acted for other members of the
royal family. As he Is in thorough ac-
cord with the ruling that no money
OF England should he invested in this
loan, his friends made II plain yester-
day that every penny Of this subscrip-
ton comes from his American invest
ments-the money has never been In
England and is connected exclusively
with his American enterprises.
1t was reported again yesterday that
John d. Rockefeller had taken slo,-
OOO 900 of the bonds. although no one
at 26 Broadway professed to have any
knowledge of the fact
William B. Thompson of the Federal
reserve subscribed to $1,000. 900. accord
ing to report. and John WHY'S, head Of
600 more.
Savings banks reported yesterday n
considerable number of Withdrawals OF
savings in sums OF $500 and $1,000 BY
depositors, who announced that they
wanted to get the bonds. one man who
went to big bank to enter his SUB.
scription and pay it in cash reported
, tnat he nau COuSulttu WIN NN'
Of his bank as TO the safety OF the
, bonds.
Well" was the dry comment. III
! England and France become nsolvent
, and unable to pay these bonds
wouldn't think much OF things in the
, United States"
The bank manager explained that De
: fore these countries become bankrupt
they could. through their citizens. drain
the United States of so much money as
TO nut IL In a most unfortunate situation.
Agreement to he signed Soon.
The agreement between the American
syndicate and the representatives OF the
two countries has been completed ana
will be signed to-day or tomorrow, IN
all likelihood tomorrow. II Is reported
, that Lord Reading attended to the ieeai
end of the arrangements for the mission
and. in fact, made the first draft o' 'he
agreement. which later was submitted -
the legal advisers of the syndicate. one
man said Yesterday that he heard theFe
was a comma changed or something
like that. but little else.
The prospectus. which Is TO he the
formal offering Of the bonds by the syn
dicate 10 the public, Is also nearly COM
nIs,ed and will be ready toward the las,
, of the week This is to he puollsheh
/ broadcast and will set forth the eSac'
, terms OF the agreement. r.
Thereafter nothing will remain TOT
the commissioners to do and the mem
bers will return home. They were tc
} have gone back on the I.apland. out tha'
chin has been withdrawn from the trans
atlantic passenger carrying trade Thes
will sail on some other SNIP peio'e W.
tobcr II. 1t IL understood
Tho members of the mission enter
tained Nine ITomberG at luncheon al
Sherry's YESTERDAY They VIII he enter
tained by the Caamber Of Commero" OF
= Thursday at a reception and luncheon.
I Henry +. Dawson of J. i. MorEan "
Co. agents for the syndicate, made I'M
: announcement last night that all OF th'
I money offered yesterday represented
= oversubscripton.
..I- was fully subscribed on Saturda,
. night" he said. lie added that nc knew
the exact figures. but did not care Il
: give them. They will be forthcomin'
= when all of the agreements have beer
. signed or when the syndicate books hav'
. been closed
1--WE have received subscription 70
n syndicate participation from every sec
= tion OF the country" Mr.. Dawson said
4 "I cannot give any particular city wher'
d we have not members or applicants 70
g membership. All who do apply will hav
:. an equal chance
D Although ne u!N not sdS IT, u wa
understood that some of the larger sub
= scriptions will be scaled, so that al
II may participate.
Q Asked about the sentiments of tn
$ syndicate managers on the rapid re
n srunse Mr.. Dawson replied: IL wan
= to repeat that. while we are muc
s pleased, we are not surprised We hav
@ known all along that. as bushes
q nroposition, it was too good an oppor
g tunity for American investors To pas
n il by. We knew they would take it,