The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-09-15
HUGE LOAN TO
RUN5-10YEARS
AT 5 PER CENT.
Bonds, Principal and Inter
est, to BE Paid in Amer
lean Dollars.
BANKERS CONVINCED
PLAN WILL SUCCEED
AnglO-French Commission
ers Make Many Calls in
Financial District.

fIIldlcldl DlStf1ct.
Further details OF the loan by which
the Anglo o-French mission and the Amer
tcan financial interests will endeavor
TO stabilize foreign exchange became
Known In the Wall Street district yes
terday. No one who was In a position
10 have definite information of the plans
had heard that anything less than one
billion dollars would suffice.
The credit. according to the present
status Of the plan, is to be established by
the issuance of joint Government bonds
of England and France drawing 5 per
cent interest. the bonds being a first
lien on the two countries named.
Information was not as definite con-
Cerning the maturity of the bonds. and
that will be one of the matters settled
by discussion. From one source 1t was
learned that some favor ten year bonds
and others favor bonds which shall run
from fve to ten years, the former being
the minimum. and the bonds to mature
serially
One thing has been definitely agreed
upon, and that is the bonds, principal
and interest, are to be paid IN American
dollars, free from the income taxes OF
both countries. The interest will be
Maid I'm New Yor, city and the nrincInai
also as IL becomes due The bonds will
be listed on IN. New York Stock Ex-
change and will he dealt I'm as are other
bonds. That is one OF the arguments
used by those who favor the longer
term for the bonds-it would afford
more opportunity for trading.
Dollar as world Standard.
=, mas ,,,,,,,,, o,,, ,,.,.
q. w., ~as po',,eu ,,' ou' yes.erua. una' % ms
- I'M m ,,,,. 'na' lug
a., i,' H. Ii, =, -, ~ p"y
III .'a,,t., , i'e,
81 ,ha ,,or,a 20 na,,,,,.ta m, ',.'
con dolIar Sor ,ha a., liz, s,',a.'aa.
and for that nurnosa 4. ads ,ha ,.ar,a,s
standard coin
The bonds are IN reach the .msr,oa,
,uhlic tbrough ,ba VOC, ,owar,,,i a.
c,aI syndioate 90. n',o,oS ,rh,
dicate a',li I.rnsis, So, -, si,,,,'.
,roun -, t.,,,Lars 90, a., .,,,;o a..
SiaI i,,are., h,,, ,'iI, ~, Tada ~, ,'"',l'
.t.,ii', ss -, -, .' i'i, ~ y. az
,hs I;rS,ed ste" N'e ''''''''''o'' III
I, was ,hs' ,,rirot,,. ,.h,oh -, ,,
Interested TO asser, vesterSay that e r.
@ ~ "ss' ses'eIua! 'hat
GO. III t""s s.e". ".hNllis s
q m TN. u",'' lv 70 VI opeSer
m,. ~ Nouiu Io' pe asheu " participate
'.s ,,s Mas summed summed up az IoiIo"s
eI! H'nerioan pahSer @ III the coun,
asAeu " lahe OF, ms eoat anu ald
an masking II possip'e lor the producers
OF the uhHed states the farmers the
manufactures 10 dlspose OF 'helr
products ABROAD AT advantageous prices
IL had oeeh reported INIT some OF the
great banking nrns with German con-
nectlons had been hurt because they had
been LETT out or the conferences, assert
ing that they were good Americans and
When James j. Hill called on Jacob ii.
that he had gone TO extend an olive
branch Nothing like this was neces-
pary. II was authoritatiyelv stared Mr.
uili sabI he had merely maid a twenty
r,inute call 10 an old friend
"' '"""'
supplementing the An, y Frepcb ,o,r
discussinn came the reno,t IN Wall s,roa,
,esterday thai great German interests
Anglo French loan going through. since