The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1915-09-17
ALL BANKERS IN
German FinancierS to Partici-
pate i'm Loan to Allies.
Interests of e. S. Placed Above
PrO-GermaniSm,
ALL AMERICA WILL PROFIT
Clients of Big N. Y. Banks Make
No Kick.
j. p. Morgan and Co. Not the
"WhOIe Cheese"

New York, Sept. 1.-THE biggest
banking houses in New York having
German connections are expected to
accept an invitation to participate IN
floating the $1,000, 100000 loan top
the allies. These bankers regard the
loan, not from political but from a
strictly American business point OF
view.
commission appeared displeased
when they learned that such firms as
Kuhn, Loeb & Co and j. and w Sc
ligman & CO. had not been taken into
the negotiations. And it is gathered
that no time will be lost In inviting
every responsible banking house to
join
It can be stated authoritatively that
nearly every so-called German
banking firm in New York city is
much less rabid than is popularity
supposed. The Lusitaria incident
angered many of them
Kuhn Loeb & Co.
Take Kuhn, Loeb & Co, for ex-
cripple Jacob H. Schiff, the veteran
head of the firm, while naturally pro
German in his sympathies, is much
more pro-American. His son, Morti-
mer L. Schiff has had close associa-
ton with England of which country
Otto H Kahn, another member of
the firm, is Il subject.
J. and w. Seligman, it is learned,
are not to be c1assed as strongly fav-
oring Germany, while the partners of
Goldman, Sachs & Co. and HeideI-
bach, -Ickelheimer & Co. represent
both sides of the warning nations
All these firms and others are I'M
derstood to take the view that the
first concern of the United States
must be to foster its own commerce,
no matter who may be benefited.
Basil P. Blackett, a member of the
commission, when told that no promi-
nent German-American financiers had
attended the reception in the Morgan
library and that some resentment was
felt, replied:
1T is unfortunate if any impression
has gone out that there was any in
tention to slight anyone"
Pausing an instant Mr.. Blackett
added:
81 don't know who is responsible
for inviing those who attended the
meeting in Mr.. Morgan's library"
Hill to Schiff.
James ]. Hill, Immediately after
his visit to the office of J. P. Morgan
& Co, went to see Mr.. Schiff at Kuhn, |
Loeb & Co.'S offices, where they dis |
cussed the loan. Mar. Hill, after the
talk, merely said:
MIR. Schiff is a very old friend and
I had not seen him for a long time
Mr.. Schiff, following his invariable
rule, would not be interviewed
Mr.. Hills vigorous plea that the
United States must in its own interest
1ac1ltate the raising OF FUNDS to pay
for American goods, has had a
marked impression not only in New
York, where there is little serious op-
position to the loan. but in the middle /
west, where Mr.. Hill carries great in L
fluence and where pro-German senti-
ment is prevalent.
Regret is expressed in MANY finan-
cial circles that the billion dollar loan /
has been made to appear very much |
a matter between J. Z. Morgan & Co
and the official visitors.
All America Will Profit
Said one authority:
This is an American transa ction
The money is to stay in America. 1t
is to go to American labor, American
farmers and American business men.
Politics have nothing to do with it
Even bankers having German svm-
pathies take this view. There is not
one of them but will put the welfare
of the United States before anv other