The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-16

WashinEton Regrets Action by
Germans Concerning Loan.

WASHINGTON, Sept. l5.-Administra.
ton ofhcials are observing carefully the
situation that is developing throughoui
the country as a result OF the negotla-
tons In New York looking to the hota.
o OF a huge Anglo-French credit loan
Not being In n way a participant,
In the loan negotiations, the chief In.
forest OF the Government in the situa-
ton Ii in such effect as ii may have
upon the relations between the United
States and Germany. Consequently the
agitation which, according to reports,
pro-Germans are fomenting in banking
circles Throughout the country is
Vowed in Washington with much regret
and ONE concern.
II is regarded as unfortunate that
~ fuel should be added to the fires
q partisanship in this country just as
there seems to be a prospect OF clearing
away the obstacles which stand In the
Why Of a settlement OF the submarine
controversy with Germany.
The attitude of the Administrator
toward the loan is absolutely definite
and fixed. The President mi his al
vtsors see in the negotiations nothing
mich they have power TO prevent. and
nothing against which they should seek
to exercise a restraining influence. The,
regard the pending transaction as moth
M iIofC VI IVES tlal u HtNtsSalN tN-
pedient for meeting obligations already
incurred. or about to be incurred, in
this country by France and Great Brit
aA.
without Authority.
The Federal Government has no su-
thority In law TO interfere with the
loan negotiations. it is pointed out. II
has not been approached BY the bank
ers. and 1t does not expect to be APP
peoached. The Administration would
not formally approve OF the loan, but
neither will II seek to prevent it.
Moreover, officials are hopeful tina
the German Government will not lodge
a protest against the loan, II has been
asserted by one In position to speak
with some authority regarding German
policy that the German Government
recognize the fact that the pending
transaction Is subsequent to the floating
OF a comparatively small German loan
In the United States. Furthermore. II
has been asserted by this person that
at the moment the German people are
not agitated over the American trade
In war munitions to the extent that
uhey were some months ago.
limitations have come from Berlin
recently that the German Government
itself was positively discouraging IT,
rades against the United States on this
snb1ect as being out OF harmony with
the efforts Of the Foreign Office TO
ADJUST amicably the pending serious
difficulty with the United States grow
ing out OF the submarine issue.
II Is recognized, however, that IL Ger
many chooses to be dlsaareeable in this
matter. as she has In regard to some
other Issue In the past, it will have
no difnculty In doing so. A protest
against the loan would meet with a re-
Spouse from Washington as firm and
vigorous as the notes to Berlin and vi.
emma ~defending the Legitimacy of the
American trade In war munitions
Would Avoid Friction.
Ihe pending loan transaction Is regard
ed here as largely an outgrowth of the
trade. being chiefly a plan FOR
paying the bills contracted or about TO
no contracted by England and France in
this trade. II is felt here, therefore, that
having been completely answered on the
question OF munitions trade, neither Ger
many nor Austria is exactly in a position
10 protest against the loan unless il il
indifferent to the maintenance OF friendly
relations with the United States.
h Administration Is now satisfied
that whatever the attitude OF Berlin NAV
have been In the past. II IL not now
anxious to have any further cause for
friction with Washington.
Nevertheless officials here are hoplng
that the agitation reported from Various
with regard to the pending
Will soon die down. II il
appreciated here that II contains the
possibility Of stirring up more trouble.
Nevertheless the Administration is pre-
pared TO stand Arm for what 1t considers
the rights OF American business as well
a. for the rights Of Americans on Brit
iSh ships trayersing the high seas.