davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22
STERLING RATES EASIER.
Entire Market Less Active Than
for several Days.

sterling exchange rates were cls!er
YESTERDAY and the tone ~ the entire
lrsrke. WIS less active than for several
days Quotations for sterling moved
within a narrow range for these ;im,s
and Tor, ign exchange broKers said per
son who had exchange seemed dis
posed to hold ii FOR further develop
ments In the loan negotiations.
Sterling closed At 7ot. far demand
and al for cables. and al and 47lL
or Monday Francs We're easier at SIS.
for checks aud 5Sl for cables. They
closed Monday at $50 and 579 respec-
lively. Lire dropped from els. the fig
ures at the close on Monday, to SIG.
Rubles advanced from 3it, 20 34ls. Au-
stran kronen advanced 70 1870. as COM
pared with l545 the day previous.
Marks were unchanged at S3l, for
sight draft and s3'S for cables. Foreign
exchange men reported "A considerable
demand for mark exchange The
inquiry for the exchange on Herlln. they
said, came largely from houses with
German connections ana the buying was
said To he for the purpose Of subscribing
10 the new German war loan.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22
SAFE CONDUCT SOUGHT
FOR DIR. DUMBA'S WIFE
Anstro Hungarian Embassy
Files Request at the state
Department.

WAsHiSGroS. Sept. 2l-The Austro-
Hungarian Embassy has asked the
stat" Department TO use its good offices
e. get a safe conduct from the Entente
Allies for Mime. Dumba wife of the
Austro-Hungarian Ambassador, whose
recall was demanded by the United
States.
Nine, pumna plans to sail from New
Nork on the steamship Rotterdam Sep
TENDER 2s. Whether she will be accom-
panied by DIR. Dumba depends upon
future events.
State Department officials expressed
surprise to-day at the application from
the Austro-Hungarian Embassy request
Ing a safe conduct for Mime. Dumba
viii, Gt making any reference To- the
Amb Issadur himself.
BY direction u Frank Polk. the acting
Secretary ~ State. the Department has
brought the request In behalf OF Mime.
Dumhl 10 Tho attention Of the British
u French Ambassadors. state De
partment officials are confident that the
courtesy OF a safe conduct Will be ac-
corded.
The action Of the Austr -~Iungar'ar
Emhassy in asking Tor a safe conduct
for Nine. Dumba without at the same
time making a like request for the
Ambassador indicates. in the opinion OF
officials. that DR.. Dunba has received
no info nation from his Government
rs to its intention. relative t. the de-
inanl for his recall.
American officials are inclined to be-
lieve that Dr. Dumba will he recalled
" time to permit Of his departure with
Nine. pumba. Nevertheless the appl!-
cation from the Austro-Hungariar En-
bassy lends an element OF uncertainty
to the situation that greatly puzzles
officials in the state Department
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22
l.. y. bankers Doubt Withdrawal
Of Chicago Colleagues.

Pro'n. nent bankers here who are
taking a cad nI part In the loan Negu-
~tiaiious said last night that they would
refuse to believe that Mr.. Forgan and
MIR. Res nolds had decided to withdraw
from participation in the loau until
definite word from them had been re-
'c.N.d 10 that effect,
Bankers who talked with Messrs. For
gan and Reynolds when they were here
said last night that they had then eN-
pressed some dissatisfaction with the
method of handling the loan negotia.
tons. They said that they were not
enthusiastic about the loan in any case
and had expressed a number of reasons
that would make It's lotatlon difficult in
their territory.
II Is believed here hat other country
bankers as well as the two Chicago
bankers felt that there was not enough
Of direct dealing with the allied COM
mission.
\ number OF local bankers refused
to he quoted on the reported criticism
by the Chicago men. II was declared.
however, that the New York hnanciers
had urged tho commission to meet all
bankers directly and particularly to get
AZ widely a representative view from al
parts of the country AS was possible
and that Mr.. Forgan was present Mt the
first conference In the Morgan library
The only out of town men invited wer,
the members Of the advisory councl
OF the Federal reserve bank. Mr.. For,
gan is the Chicago member.
The reported feeling OF the Chica q
bankers was regarded as unjustined
The loan will he successful. IL was as,
serted. without the support OF the two
men even IL they should withdraw.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22
COPIES AT CAPITAL.
state Department Gets Archibald
nprrs From London.

W~AsWNGroN, sept. 2l.-Photographic
copies of some documents taken from
James =. ]. Archibald, the American
correspondent, 10y the Hrbiish authori-
ties We're received at the State De-
partment to-day. The copies were ac-
compan!ed hy TRANSACTIONS Of their text
INTO English. Copies of the remainder
of the papers taken from Archibald are
expected later this week. All were fur
nished to Ambassador Page by the Brit
iSh Government,
state Department officials declined to
state just what papers were r~ecelvcl in
the instalment that has reached the De-
partment, II was said that about half a
dozen papers have been received 50 far.
II is known, however, that in addition TO
the Dumha letter the British took from
Archibald n rcpOrr ny capt. Won I'apen,
military attache of the German Embassy,
TO the German Minister Of War. with a
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22

The luncheon was informal except for
n brief address Of welcome hy Mr. Hen
burn and an equally brief reply by Lord
Reading, The purpose Of the missions
visit was not mentioned In either adj
dress.
As II to emphasize the falsi,y of the
announcement that Kuhn, Loeb n co.
had come out formally against the loan.
Mortimer l. SChin, son Of the head Of
the banking house. sat beside Basil l..
Blackett. n member Of the mission. and
during the luncheon the two men were
very closely engaged in conversation
II was further learned that siucr the
arrival Of tie mission in this country
Otto II, Kahn. another member OF the
firm, has had three g rrereures with
Baron Reading experimenting this wns
the direct statement that the banking
firm has never made any announcement
whatsoever in reference to the loan.
Nothing will be said, il is understood.
thai will prevent individual members
of the firm, all uf whom are of great
wealth, from participating. even II the
Arm Itself does not become "A member of
the syndicate,
The members 4 the mission separated
after the luncheon and all OF them mel
many different men. There was an air
W hllhFb"A ''NANfNN ~ NlN Nhh anu
Wall street COZ ner. n one observer
said he had seen about every big maj
IN New York enter j. i. Morgan & cos
during the afternoon. Sir Edward Holder
went there from the Banker club. and
others WHO went ihr ugh the douhl,
doors Ia remain for varying periods wer,
George +, Baker, Sr,, and George II
Baker. Jr, william Rockefeller. who
remained about ten minutes II. c Fr.ck
who paid u longer visit Robert Wlnsol
II Kidder, Peabody n Co. Charles II
Sabin Of the Guaranty Trust Company
T.. I. Stotesbury ana others,
The members of the commission did
not reach the Biltnore until after :
o'clock, Basil l.. Blackott, spokesman
for the mission, sent down word ther,
was nothing g. announce,
4 meeting will he held this morning
uptown.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22
COMMISSION OF
LOAN SYNDICATE
TO Be 1 PER CENT.
Amount and Terms Now Ex-
pccted to Be Announced
Within ~ Hours.
I. s. BANKERS HOSTS
TO FOREIGN VISITORS

Such favorable progress was made In
the negotiations between the Anglo
French mission and American financiers
yesterday that II was freely predicted
hat definite public announcement OF the
amount. the terms and the general condi-
tons OF the loan wnicn Is TO stabilize Tor
eign exchange will be made within the
next seventy-two hours.
Both sides have agreed on the princi-
pies. and nothing remains but 10 apply
them to no more than two points OF DIFF
ference.
No one would say what these points
OF difference were last night. but IL was
thought that one OF them might be the
status OF Russia in the transaction and
the other the manner in which the credit
Is TO be applied to the exchange situa-
ton.
The amount will be more than $780,
900. 900 and less than $500. 600. 900. Many
rave thought IL will be $3.50, 600, 600, but
the exact amount will depend on the
estimates by American fnanciers OF
amounts necessary to maintain foreign
exchange at n safe ngure. 1t la not
be a round figure.
The period the bonds are TO run will
be Ave years and the interest the in
weston is to receive will he 5 per cent.
The munitions question has been settled.
To Get I r Cent.
The commission which the UNDER
writing syndicate is to receive for its
services was put yesterday at ! per cent.
by an international banker. He could
only say that he understood this was to
be the percentage.
The conversion option attached to the
bonds will give all holders the privilege
OF changing their holdings into bonds
OF "A longer term at a smaller Interest
at the expiration OF the term OF the
bonds. IL was said that these will bear
~ per cent. and run for not less than
twenty years.
The visit ~ VI. Pierre Bark. Rus
sian Minister OF finance. to ". R.bo..
French Minister Of finance. in Paris
yesterday. followed by the announce
ment that NJ Bark is to see Chancellor
Of the EXchcqu-r McKenna In London
to-day or tomorrow gave rise to the
report that the participation Of Russia
in the loan snuot be- settled until
after the London meeting II was said
early during the visit Of the mission
that IL would be natural for France
and England to do all they could for
Russia nj all times, the Inference being
that the two countries might make
provision for their ally in some way
American fnauciCrs were inclined To-
the idea that they would like To- ar
range a separate icdit for Russia. Il
was agreed on all sides that nothing
could be settled until after VI Bark
had been to London and Paris and tn,
result ~ that visit is awaited with
much anxiety.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22
RUSH TO JOIN IN LOAN.
bankers Report Flood of Favorable
Replies to Queries.

Banks and investment houses reported
yesterday that they were receiving a
flood OF favorable replies to queries sent
out to their correspondents and clients
regarding willingness to participate in
the great loan to Great Britain and
France \ canvass Of several OF the
most prominent banks and bond houses
revealed that the officials We're greatly
pleased with the nature OF the replies
received from the public and from In
stitutions outside OF New York.
Two banks reported that they had re-
ceived letters from correspondents. each
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22
WESTERN BANKERS
IGNORED, THEY FEEL
James B. Forgan Reported Out
OF Loan Plan-Othcrs
May Follow.

CHICAGO, Sept. 2l-Jamcs u. Forgan,
Of the First National Bank OF
Chicago. has withdraw. from the nego-
~t!ations now being conducted on behalf
OF England and France for a great cred
IN the United states. The banker. for
wears chairman OF the Chicago Clearing
House comnittee. washed his hands u
the whole negotiations. because he felt
that he and other important Western
bankers mad been more or less ignored
IN New York.
An announcement sent out to-day 10
the press by the First National Bank.
with request for rs publication said that
MIR. ForGan a gone from New York To-
Washington, M added significantly .
He WI return to Chicago dlreCt IRON
Washington
Mr FoTgan's withdrawal from the me-
g%ot!at!ons. II is said. does not mean that
he is necessarily opposed 10 the granting
Of the loan or To- participation in II by
his bank. When definite proposals are
ready for presentation to the ~nks MIR
Forgan. 1t Is understood, will consider
the question in the light OF "a business
proposition and Ia accordance with Gus.
tornary banking principles. but So far as
the New York nesOtiations are concerned
he Is through
Mi Forgan's sentiments are shared by
George VI Reynolds. president OF the
Continental and Commercial National
Bank, the second largest banking ins,i-
tuition in the country. Mr.. Reynolds went
to New York last week in the eSpecta-
ton OF meeting the Anglo-French COM
mission. lie managed Ia see one mem.
Der OF the commission for "A fitting con-
versation, but attended no formal con
ference and came home.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22

OF wh!ch agreed to $780, 900 OF the Anglo
French bonds. one OF the institutions
which agreed TO take half "A million
dollars worth Of the bonds had been
slated as likely 10 take only 100000.
Banker sad there either had been a
decided change in sentiment al. over
the %ountr or else that New York did
not have It's finger directly on the pulse
Of the country regarding It's feelings
toward he huge credit For several
weeks before The coming Of the Anglo
French mission bankers and bond
houses had been sounding 'he country
on the loan. At that time , was stated
IN conservative circles that IL was f..t
that $500. 600. opo or perhaps {25n. 900. 900
was all that could be taken satisfactorily
by the country.
When Il became evident that England
and France would want a much larger
amount the financial Institutions Of New
York agan began 20 sound the country.
The result has been the hood OF replies
favorable to the loan.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22
RUSSIA OFFERS TO AID IN
EXTENDING u. S. FINANCES
Minister Declares Cars Subjects Will Assist American
Initiative in Dealings With His Country
Munitions Output Increased Skiold.

supplies. Evidently this policy OF CO.
operation must be continued.
THAT Is one of the questions winch
the Ministers Of Finance are consider
ing. Certain precautions must be taken
TO raise the rate Of exchange for the
ruble, and give 1t stability. Improve
ment In exchange will facilitate impor-
tations into Russia, which now are OBJ
structed by depreciation Of the ruble.
Russia Ia putting INTO the common
effort with her allies all her resources
I'm men and money. She receives from
her allies indispensable cooperation. In
ferior to the Germans in the beginning.
from the point Of view OF preparation
for the war. we have made up part OF
the disadvantage through the common
effort OF the Government, the people, the
Duma. and the Council of the Empire.
We shall continue to decrease the diner
ence between ourselves and our enemies
In that respect
American Finances Opportunity.
Speaking OF the Anglo-French mission
in New York. VI. Bark said
The solidarity OF the Allies II demon
strated to the whole world. and the
intrigues OF G~ermanophiles in New York
proves the %farreaching bearing of these
negotiations. II Is 10 be hoped the
bonds OF sympathy and solidarity be-
tween the Allies Governments Will BE
extended to the great banks Of the ma
lions. We have seen the fruitful results
OF the convention between the banks OF
France and Russia last winter TO l.qui-
date outstanding accounts with regard
to Russia.
I'VE are doing everything We can to
encourage export trade. but under the
present circumstances Of our country
there is great difficulty in sending out
its principal riches-cereals and naphtha.
This is not less important than to fac!lt-
ate the now OF capital to the Treasury
Golfers.
I'VE lend a willing ear 20 suggestions
reaching us from the United States.
Americans. who are practical. thor
oughly grasped the fact that the finest
prospects were open 10 them In Russia.
in view Of the easy successes obtained
there by Gerr in the financial field.
Therefore. the Russian Government Is
fully prepared to welcome and assist
American initiative IN this direction.
concerning munitions II suiiices for
me to say that In the past semester the
output has increased skiold. To- remedy
the falling of H. the number Of muni-
tions workers the Government has given
formal orders that all labor required by
u ines and factories working for the
national defence shall be placed at their
disposal Immediately"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22
DEPOSITORS TO MEET.
Jeremiah O'I.rary Promises DIscIo-

jeremiah \. O'Leary, pres dent OF the
American Truth Society. Intends To- laN
bare some intimate facts couNeruiug
plan for the war loan to the Allies. ac-
cording to the announcement OF a meet.
ing of bank deposiiurs called by the
Truth Society At Terrace Garden for
tomorrow night. Also. Nj OLclry an
nouuces. "a noted financial expert" has
been engaged to address the meeting
The main object OF the meeting VIII
be the issuance Of a protest against
the proposed loan. and efforts VIII he
made to form an organization of bank
dcposltors who are opposed to It.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22
Proposed News Campaign %.

In the mrs, place the regular daily
section u De devoted to The cond!-
tions obtaining there and a campaign
must be regularly conducted against
these indescribably degrading condi-
tlons. Freedom already has done
something similar in the recent past.
when the ptrlke movement began at
bridgeport. 1t must necessarily take
the form OF strong, deliberate, de-
cided and courageous action
Secondly, the writer of these lines
would begin n labor novel 20 tina,
newspaper much on the lines of Sin
clair's celebrated story. This might
he published IN other local Hungarian,
slovak and German newspa pers. Also
here we arrive at the point that
naturally we shall also require other
ACKNOWLEDGEMENTS newspapers. The
Nopssdud tWo,d Of the Pcopicl will
undoubtedly be compelled willingly or
unwilling to follow the movement mi
tiated by Freedom, for Il Is pleasing
'he entire HUNGARIAN element in Amer
lea and Is an absolutely patriotic act
10 which that open Journal. the
Nepssdpd, could not adopt "A hostile
attitude. or course. II would be an
ether question to what extent and
with wha energy u devotion that
newspaper would adhere to this course
OF action without regard To- other in
fuNnces, just as It Is questionable to
what extent other local patriotic
papers would go. There il great
reason why, In spite Of their patriot
ISM. American-fIungarlan papers
hitherto have shrunk from initiating
such action. Their position is as fol-
lows:
start with the Ssabadsag, which to-
day ls one OF the greatest in every
respect papers printed in a foreign
language In America. already has
made gigantic sacrifices from n
patriotic point of view. Others have
only a faint idea OF the magnitude OF
the homeward migration that will
take place directly after the termina-
ton Of the war. Whereas the Hum
garlan papers have direct and better
opportunities of observing the shadow
which that gigantic migration home
wards always casts before IL. il il "A
fact that the paper alone used by the
S~sdbddsuD, for example, in printing
only those copies which 20 to sub
scribers who are In arrears with their
subscriptions, costs at least $1,000 a
month, while the actual total cost OF
the paper does not amount To more
than $4,000. In view of this fact that
onc-thlrd OF the total subscribers get
the paper for nothing, or at all events
on credit, you can see what patriotic
action this newspaper II performing.
Naturally under such circumstances
o a hardly expect that such "A
paper should go much further In tho
way OF violent agitation, which would
have the result OF making their sub
scribers. now at regular work, unable
10 meet their subscriptions. as for ex-
AMPLE. the Bethlehem workers. | long
have been wishing to start n direct
movement with that paper. but the
above point Of view has made ~ hold
Our hand
rur y sition Of affairs IL much the
sIin" N''n the AmoriCan-Hur gariaH
N'iN rr a~ Won might conclude from
TO fr"v.al appeal addressed by the
,I!'or ut the beginning o: TIE wal
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22

when n beginning has been made
II will be possible to see how things
develop and where and how much IL
will he worth while IT, spend. The
above mentioned preliminary sum
would suffice partially to satisfy the
demands of the necessary newspapers
and to a considerable extent those OF
the bethlehem campaign. II in any
case Is worth while risking this amount
for 1t undoubtedly will show some
result. II circumstances are lucky
and leadership IL good, We can arrive
at positive results In the West COM
paratively cheaply, whereas Rethle-
hem is one of the most difficult Jobs.
will telephone at \ \. NJ. and re-
quest YOU then to let me know where
and when ! can learn a opinion
of my proposal, which requires a con-
siderable amoun OF verbal EXPOSE
ton. Finally | make bold To- point
out the fact that hitherto | rave said
nothing On - subject to any one con-
nected with the newspapers and an IN
the fortunate position hat In the case
OF giving effect TO this plan | a
make use Of names IN case % .lrcos-
s.ty. for | have already IN othei mat
tiers made payments through other in
dividualS. In any event iu tee case
OF the newspapers the srea;-s, cir
Cumspcrt!on Is necessary, NJ one
hut the prOpr!eto:s m,rt know taat
money IL coming 10 tire undertaking.
from any source.
Document 10. Ambassador Dumba
to Baron Dur!an, dated New York,
August 20 tTraaslation)
The reply Of Secretary Lansing 20
the note OF June 90. in which Your
EXcollency protested against tho enor-
nous deliveries OF weapons and munl-
tons OF war 10 the Allies from he
United States was published here. l
do not know whether with the agree
mont Of the Austrian Government. on
the 10th ult. As was to br expected
the refusal was quite categorical
The legal arguments certainly were
very weak. for references to the artl-
cles supplied by Germany to Austria
during the i:oer War were not to the
point indeed, they were misleading,
for at that time Germany claimed the
right to send foodstuffs 10 the Beers
by the neutral port Of Lorenzo
Marques. and. If I am not. mistaken.
carried the point after the war, against
England.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22
BERNSTORFF RETURNING
Ambassador Expected To-
day From New England.

Count Won Bernstorff. the German Am
bassador. delayed until this morning his
return TO the city from his week end
outing in New England. according TO a
statement of his secretary At the Ritz
Carlton last night.
The Ambassador in a statement made
before his departure last Saturday said
that there will be no urgent diplomatic
matter for him to handle until the end
OF this week. II is believed that his
Government has Informed the Ambas-
sador that at Least this length OF time
will be necessary for private conferences
and investigations touching the subma-
rine question.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-22
BIG TRANSPORT TORPEDoED.
n.rIin Says 4 Boat sank British
Troop shin In Nrdit~rrR

HEHIIN. via Amsterdam, Sept. eli
The FrdnktITicr IeitsH0 publishes a
special despatch saying hat a German
submarine has torpedoed a $4,000 ton
British transport on the Island Of Crete.
in the Mediterranean. The ..trapspart
was going from Egypt to the Gallipoli
Peninsula.