Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-09-17
VOICE PROTEST
ON WALL STREET
Opponents to Credit Loan !,
in Demonstration at
Morgan's Door.
PRoc1 !: 4 WALL
REET'S SHAME"
y an Bankers Said 20 Offer a,aH
sjum Originally Asked, But Anglo.
freneh Commission 10 Not eatisf7sd
Loan May Be Increased 70 $50.
oooooo-commission Expected Seen
to Issue Statement.

New York, Sept. l7.-opponents Of
the proposed loan to the allies carried
their campaign into Wall street today
and announced their sentiments from
flaming piacards in front Of the office
Of J. p. Morgan & Co.
Wall Streets Shame" read one OF
several sign boards held aloft by lead
ers Of q file of men who marched thru
the financial section as protest
against the establishing of the loan.
Another read:
The Money Trust Is Lending Mil
lions OF Money to Bankrupt England,
France and Russia
man carried a big sign on which
was panied In red, white and blue:
Billions For King George"
The paraders stopped in front Of tho
Morgan offices. Detectives forced them
to move On.
Early in the morning a man wearing
a bright red coat and blue breeches,
which he said were emblematic Of the
British army uniform, stopped before
the Morgan Offices. A diminutive
straw hat with a crown no larg-
er than a silver dollar. rested on his
head and in his hands he carried a
many-colored banner on which were
written sentiments similar to those.
displayed later on banners by the
paraders.
The crowd which surrounded him
choked tho street for several minutes.
The police finally sent him away.
May Make $3.50, 10000 Loan.
Another secret meeting. the third
W. al he
tween members OF the Anglo French
financial commission and representa-
tives Of big New York. Chicago, Boston
and other out-of-town banking houses,
who are attempting to reach an agree
ment on the mammoth credit loan to
Great Britain and France.
No further word was Forthcoming
from the commission than its brief
statement OF last night saying so much
already had been accomplished a def
mite statement could soon be issued
telling OF the progress made.
The proposal said to have been made
by American bankers. that the COM
mission would be given loan OF half
the sum originally asked, was widely
credited today. This proposal has not
appeared to be altogether acceptable
to the commission, and It Is believed It
may be Increased to $750.o0O,0e0 before
the negotiations end.
Pro-Gernan Bankers TO Aid.
Conferences between the Anglo
French financial commission and
American bankers for the raising of
the entente allies resulted in substan-
tial agreements on five essential points.
One of the important announce
ments was that German American
bankers will participate in the credit,
despite covert threats Of deposit with
drawals.
rhc teniing in the financial district
was that all doubt OF the success of
the loan has passed and that graft
flying response would be made when
it is offered.
May Lend Only 6oo,ooo,ooo
The following are the substantial
agreements practically decided on:
That it would not he safe to carry
out the commissions original intention
OF floating d billion dollar loan. 1t ap-
pears that s5GO.000.0 900 or 5000. 1000, 900
will be the maximum. influential bank
ers outside the Morgan group brought
pressure against the billion-d dollar pro-
posal.
That no terms will finally be set
tleu On US luS tAiueilCtiI udfiNcIS uulll
they are satisfactory to every impor-
tant interest and every section. So
called pro- German houses will have a
voice in fixing the details and will Join
the syndicate to be formed.
Tho that loan will be OF only ono
form, straight two-power bond issue.
interest and principal payable In New
York. This means that the buyers Of
tho bonds will take no chances on
t:uctuating exchanfie rates.
Interest at 5la Per Cent.
That the interest rate must be at
least per cent net to the investor.
which means that it must return 51s
per cent to the syndicate members. If
the British are unwilling to Ak the
higher than per cent the same result
will he reached by selling 6 per cent
bond at a discount.
That the credit will not be divided
into two or more parts. one to take
care of the munitions purchases and
one for commercial purposes.
It was agreed the sole object to be
accomplished was the restoration OF
conditions producing a normal ex-
change market and that nothing
would be gained by an arrangement
under which the allies would have to
send hundreds Of millions in gold to
America to pay for munitions pur-
chased.