Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1915-10-02
BRITONO WANT TO
INVEST In LOAN
High Rate Of Interest Attracts At
tention Of British and French
Capitalists to New York.
LONDON PAPER SOUNDS WARNING


NEW YORK, oct. Members OF
the big syndicate OF banks. trust
companies and private banking
houses. which will manage the $780,
100000 bond issue negotiated here
by the Anglo-Freneh loan commits
sion. had received today a flood of
applications from banks and individ-
uals for permission TO participate in
underwriting the loan. Although
the subscription books have not yet
been opened, the total subscriptions
already offered are estimated as
amounting to as high as s43O. O0O,-
600.
That some OF the subscriptions
will be very large was indicated by
the statement that one OF the most
wealthy men I'm the United States
had offered $40, 10000 and that
other offers ranging from $1,000
600 TO 100000 have been made
by New York banks or large corpor-
ations here.
Sir Edward Holden. one OF the members
Of the Anglo-Frcnch commission. was
quoted today as saying that IN his opinion
the loan was so superior In incpme yield
TO anything In London that ne expects
large amount OF It win find It's way to
that city. Both English and French
investors already are making extensive
applications for IT," said Sir Edward
In the announcement OF the term loans,
virtually anybody with $1,000 TO invest
was offered a bond at e6h. the price to
the syndicate-1N per cent under the fig
ure designated as the selling price to the
individual subscriber, which was fixed
at ~.
Having completed their mission, the
members OF the loan commission ara
accepting some Of the many social invI-
Nations they have received. Today the
Franco-American society gave luncheon
N honor OF the commissioners.
London Paper Warns Investors.
LONDON. Oct Tho financial COLI
unins OF the London morning papers de-
Yrecate as unpatriotlc any Investment
in the American loan by British inves-
tors. The Morning Post even calls for
the Issue OF a memorandum by the gov
applications should not be made The |
newspapers asks bankers an over the
country TO discountennnce investments of /
this kind by every means In their power. |
The Times says.
mo reputable banking house or finan- /
eial house in London will give facilities |
for such investments"
The Times adds that II believes that
every obstacle win be put in it's way by |
the American bankers issuing the loan. |
The newspaper protests against the Man
chester Guardians criticism statement 4
as utterly perverse" adding:
Taxation II separate matter alto !
Eether and nobody could propose to make /
the Americans pay our income tax In 4
the United States"
Will Create Pro-Auy Sentiment.
PARIS, Sept so.--The Temps comment
Ing on the American loan to Great Brit
ain and France says:
The conditions OF the loan are az
favorable es circumstances permit They
SHOW the solidarity OF French and Eng
lish credit and the confidence OF America
In the ultimate victory OF the allies The
fact that the money Is TO be used 10 nav
Tor the allies purchases In America and
make stable the EXCHANGE rates In no
way modified the significance ana Of
feet OF the operation.
The brutality OF the German prop-
uganda seems 10 have accentuated the
trend OF opinion IN the United states al
ready favorable to the allies. The WASH
lngton administration wishes to remain
n peace. The American nation does NOT
want war. Il fails 10 see what role a
could play IN the world conflict In its
present state OF military preparations,
but knows its Importance as an economie
force and az naval influence"