The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-10
Continued from First Page.

matter Is an especially weighty one and
the financing. If concluded. will probably
be the biggest loan ever put through In
this country.
In the meantime. however, banking
sentiment is shifting In favor of the
placing of IA direct British loan here
rather thar a collateral loan based on
American securities. Many prominent
inanciers believe the United States with
its millions Of dollars lying idle for want
Of a good investment could easily handle
u $500, 000, 900 lean to Great Britain,
provided II bo:e interest at 5 per cent.
and was made ex all British war and
income taxes.
one prominent banker In discussing
his idea said his belief was thai this
country ought TO make n direct loan to
Great Britain based on the sale OF
$500. 600, 900 OF her short term notes
here. lie believes that it would gener-
ally prove a popular loan and that II
could be successfully handled. II so. he
said. II would mean a great deal to this
country. both from a sentimental and
financial standpoint.
Frankly. we do not want Germany 10
win, this banker continued, and in order
to keep her from winning W. have got
to help the Allies buy their munitions
Of war here. Besides, II means good
business for us, he said, II we facilitate
the purchases Of England and Allies
here. lie pointed to the great wal
order contracts which we have obtained
and said that in forcing the Allies to
pay in gold for all their purchases we
are forcing them out OF our own
markets. lie didn't know of a wal
order placed here in the last ten days
In France, England and Russia they arc
...-I- , AlAIrYttE .l,,
and every tool house into an institution
for the manufacture of war supplies. he
said. and added hat this WINS because
we are forcing them to do so through
our apparent unwillingness TO be road
minded and come to terms with them on
loans and financing.
! Anxious for Ala.
The Allies need and want our war
munitions and supplies. the banker said,
and II we will only go about aiding them
to purchase them as u merchant would
aid his best customer we can have this
war order business until the end OF the
war. lie thought that II We do not dc
This we will incur the cnmity Of the Allies
as well as that OF Germany. which we
have already incurred by what we have
! lone thus far toward assisting her enc.
mics. Suppose we loan $500. 900, 200 to
England. IA few hundred million to
France and a few more to Russia, he
said. why then we can get all the wal
orders We can handle until the end OF
the war. Then. after the war II over
he thought the necessities OF the ma.
lions which have been the belligerents
will require that our industries run "a
high speed aid our exports to the allied
nations will R greatly increased Every
bne of the allied nations will be In oul
debt and ever Germany will have to b,
"A customer of ours. he said. In con
GLIDING he said that IL we take "A broad
minded position In this matter and loai
money to Great Britain on her owl
bonds we have a very rich industrial
future in store FOR as.
II is pointed out in the highest bank
ing circles that il n loan Of several hun,
dred million dollars il made TO Grea
{ Britain IT will be u piece Of ~fiuanciul
in which ali of the United States vii
have to take part. II Is too big a prop
osttion TO be handled by any single groui
OF bankers or even by New York bankers
in general. The placing Of such a LOAF
here is vital to the business interests o
every section Of the United States. an,
as such IL is expected that participate,
in the Offering. when II IL made, VIII b,
general. Such being the case, IL is prob
able that representative bankers from al
the financial centres. such as Boston
Philadelphia. Chicago, san Fraurisc,
and other cities, will he summoned her,
to meet the delegates from GreLt Britain
and France.