The Bridgeport evening farmer., 1915-09-15
ALLIES LOAN TO
 BEAR 5 PER GENT; D0LLARSTANDARD
Will Run From Five to Ten Years Is Belief In Bank
 ing Circles Here.

41IQ NtFctOS E1OIcs
 New York. Sept 15.-Burther de- tails of the loan by which the Anglo French mission and the American fi- nancia1 interests will endeavor to sta 'h1ltze foreign exchange became known in the Wall street district yesterday. No one who was in 8 position to have definite information of the plans had heard that anything less than one billion dollars would suffice.
 The credit is to be established by the issuance of joint Government bonds of England and France draw ing per cent interest, the bonds being a first lien on the two coun- tries named.
 Information was not as definite con corning the maturity of the bonds. and that will be one of the matters settled by discussion From one source it was learned that some favor ten year bonds and others favor bonds which shall run from five to ten years, the former being the minimum, and the bonds to mature serially.
 One thing has been definitely agreed upon .and that is the bonds, principal and interest, are to be paid in Aerican dollars, free from the in come taxes of both countries The interest will be paid in New York city and the principal also it be- comes due. The bonds will be listed on the New York Stock Exchange and will be dealt in as are other bonds That is one of the arguments used by those who favor the longer term for the bo11ds-it would afford more opportunity for trading.
 It was pointed out yesterday that this is the first time in history that England has ever been willing to pay <5e i-1 fyr %I- Her gold sovereign has been the stan dard of the world for centuries. The American dollar for the first time su- persedcs and for that purpose is made the worlds standard coin.
 The bonds are to reach the Ameri- can pu blic through the most powerful financial syndicate ever organized. single group of bankers, nor any sin gle financial interest, but will be made up practically of every big banking institution :n the United States.
 It was that principle which led men interested to assert yesterday that it was absurd to say that great banking firms like Kuhn. Loeb &, Co. or Speyer & Co. would not be asked to 4participate. This was su mmed up as follows:
 Every American banker in the country is asked to take off his coat and aid in making it possible for the producers of the United States.g the farmers, the manufacturers, to dis pose of their products abroad at ad- vantageous prices
 It had been reported that some of the great banking firms with Ger man connections had been hurt be- cause they had been left out of the conferences, asserting that they were good Americans and anxious to aid the country.
 When James J. sHilf called on Ja- cob H. schfff yesterday it was sr1- mored that he had gone to extend an olive branch. Nothing like this was necessary, it was authoritative1y stated. MT. Hill said he had merely paid twenty minute call to an old friend.
 Supp1ementing the Anglo French loan discussion came the report in Wall street yesterday that great Ger man interests, realizing that nothing can prevent the Anglo-French loan going through, since 1t appeals di rect1y to the farming interests of the country, are now advocating a sini- lar loan for Germany! Inasnuch as Germany is not now importing goods directly or in any quantity. the plan is to make large purchases of cotton and other commodities and store them in this country until after the war. The movement, it was said, has started. in the west. and has been presented to pro-German interests in this city. 1t has not yet assumed any tangible shape.
 Visitors anxious to confer with the members of the AngIo-French mis- sion at the Biltrnore came so ra pidly yesterday that the session at the New. York Clearing House was post poned. Baron Reading, Sir Edward Hopkinson Holden, H. Babbington Smith and Basil B. Blackett, repre- senting England, and Octave HoTa- berg and Ernst MalIet, representing France, remained in their temporary offices on the eighteenth floor of the hotel until after luncheon, and then separately they went into the bank ing district, where they made many calls.
 They visited both public and private banking houses and saw not only New York bankers but many from out of town. Members of the mission did.not care to say whom they had met, but it is known that Festus J. Wade of~St. Louis, who negotiated the cotton loan of last year, had a talk with Baron Reading and Sir Edward Holden An other man they met was Robert Wind sor of Boston.
 We cannot say anything today, 2 said MT. BIackett we have been busy. very busy. We have met a con- siderable number of gentlemen and will continue to see them. Nothing has yet been decided.',
 l He was asked if he had heard that i any bankers were forgotten in thesin- vitations to MT. Morgan's reception l His answer was that the members o1 the mission could not be held respon- sible for the invitations to a social af-