The Birmingham age-herald., 1915-09-09
Coming to New York to Bor- row Immense Sum From
 American Bankers
WILL ALSO ACT FOR
 CARS GOVERNMENT
Matter of Floating Mammoth Credit Will Be Simple, According to Gen eral Belief-Details of Plans
 Not Heretofore Known

New York, September S.-The six Eng fish and French financiers on their way to this city to borrow a huge sum of money. popularly estimated at half a bill lion dollars or more. with which to pay for American supplies for the allied armies and other imports from this coun- try. were believed to be within a few hortrs of New York hat6olT toright
 The date of their sailing from Eng land and the name of the ship they took have been withheld by the British censor. hence the time of their arrival will not be known till the vessel bringing them is off Quarantine.
 On the eve of their anticipated arrival here, it was learned from unofficial sources tonight that not only would the commission represent their own countries in negotiations here but in all proba- bility would act for Russia, too
 Passengers reaching here today aboard the steamer Ryndam told of reports of the imminence of the commissions de- parture from England when they left Rot terdam and. in addition, brought to this country word of preparat ton and plans the British censor apparently had barred on the cables.
 Matters Simplified
 According to this information, meet ing had been arranged in London for the last of August among the financial heads of Great Britain, France and Russia. This meeting was to have been attended by Reginald McKenna, British chancellor of the exchequer; Alexander Felix Ribot, French minister of finance. and Pierre l.. Bark. Russian minister of finance.
 The subject of the conference. it was reported, was joint action by the three governments in obtaining mammoth credit loan in the United States.
 This matter had been discussed short time previously at Boulogne-Sur-M Mere, France. by Chancellor McKenna and M Ribot. 1t then was agreed to invite the Russian minister of finance to another conference in London. Meantime, in ac- cord with the understanding believed to have been reached between France and England at this conference. the two com missions were organized to visit Amer ica on behalf of their governments and the Banks of France and England. and act in conjunction. but not jointly, with a view of establishing a credit here, the like of which the western world had never seen before. which would solve for months to come the vexing question of paying for supplies bought in America.
 Original Plan Modified
 Between the meeting at Boulogue-Sur- Mere and the time set for the departure Oe the Frencn COMMISSION, accOTulfiS u word brought here today. it was agree'l to modify the original plan to the ex- tent of having the French and British commissions act Jointly. It also was agreed to present the plan before the Russian minister of finance when he should join his colleagues in London and ask for his approval of joint action by the Anglo-French commissions on behalf or Russia too.
 M Bark's visit to London, according to reports. was deferred because of press ing duties at Petrograd. When the Ryn- dam sailed it was understood that hn would meet Messrs. McKenna and Ribot in London early this month and would then be asked to accede to the plan Of having the commission act for his coun- try in their negotiations with American financiers. Should his anticipated in- dorsement of the plan be given. it was understood the commission would be so advised by cable on It's arrival in New York.
 Whether M. Bark has held his antici- pated conference with McKenna and Ri- tContinued on Page EightD