The Tulsa star. [volume] (Tulsa, Okla.) 1913-1921, 1915-09-24
ALLIES WANT A
BILLION S LOAN
COMMISSION NOW IN NEW YORK
TO COMPLETE THE NE
GoTIATIoNs.
PRO- GERMAN BANKS TO HELP
But Sentiment In the West Is Nor So
FsVorable.-cermans May Also
Take HAN a Billion te
Tighten Market.

lI9Oten WaTket.
New York The pro-German ele.
ment Of New Yorks financial world
probably win be invited to participate
If they signify that they desire such an
invitation in floating the 81 900. 900 .OOO
credit loan which Great Britain and
France hope to establish In this coun.
try.
The mcneyed faction Of this element,
Wal. Street heard. would be glad to
have chance to help; another faction
composed largely OF middle western
bankers with pro German sympathies
would bitterly oppose participation in
raising funds for the use OF Germany's
enemies even though the money all
viii be spent in the United States.
Heretofore the commission has met
and conferred only with bankers who
are pro.ally in their sympathies and
connections.
Some of the largest financial insti.
tutions in the United States. including
the big bankir- house of Kuhn, Loeb
Company b is secoLd ih New
York only to J. +. Morgan 4 Company.
thus have been excluded by this pol
icy Apparently It had been taken for
granted that it would be useless to ask
financiers with German sympathies
to contribute their dollars toward the
proposed loan Such a policy, how.
ever. was disavowci by Basil b.
Blackctt, secretary OF the commission
Overturcs looking to the possible
participation Of Kuhn. Loeb 4 Com.
pany in the loan while not made open.
ly, were said to be- in the making.
James J. Hill. railway builder and
iinancier OF the northwest, who has
champiOned the cause Of the commits
sion and conferred with j. p. Morgan
on the situation, left Mr.. MorRan's Of
flee for the office OF Kuhn. Loeb a.
Company and there sat down for
twenty-minute talk with his old-time
friend, Jacob II. Schlfi, a member Of
the firm.
Not at all in keeping with this cheer
ing word was the intelligence received
during the day by the commission as ia
the activities of certain other German
sympathizers. chiefly in the middle
west. In the gossip of Wall Street,
pro-German bankers OF Chicago. Gin
cinnati, ST. Louis. Milwaukee and other
western cities would bitterly oppose
any action looking to the financing of
a loan by American banks. These
bankers, according to report were pre-
pared not only TO resent the suggestion
ticipate but would take active steps
to combat the tendency of other banks
to lend the money.
No one would permit his name to be
linked with the report that pro-Ger-
man sympathizers were prepared to
take extreme measures to oppose the
iiotation Of the Franco-British loan, but
Wall street heard that the German
sympathizers OF the middle west were
contemplating as counter movement
the flotation OF a $500, 900. 600 loan here
for Germany with the sole purpose of
Withdrawing this vast sum from the
money markets Of America aud making
II unavailable for the allies.
This was not the only retalitatory
measure expressed In the form Of
Wall street rumor II was said that
the more partisan workers were pre-
pared to advocate that the proGerman
depositors show their displeasure with
any banks participating in the pro
posed credit loan 10 France and Great
Britain by seeking other repositories
for their funds
ASK Too Much, Think Some.
II was the opinion of some Of the
pro. German bankers that the Anglo
French commission had made a grave
mistake In placing its requirements so
/ high as S1.C00.OooO0o such a drain
on the resources 90 the banks and other
/ financial Institutions of the country,
/ they assert would not only be unneces-
sary. but would constitute menace
10 the moneyed interests Of the coun