The Richmond Virginian. (Richmond, Va.) 1910-1920, 1915-09-17
auction. will bring lower prices than
the actual cost Of production In Chi
cago.
F|NANC|ERS
CONTINUED From Fret Page.)

must be in one form-straight bonds
OF England and France jointly, With
out collateral security, but having
priority over every other form of ma
tional Indebtedness of the two coun-
tries. including all war loans. On
the question Of interest, there II gem
era1 agreement that the mission stands
firm on per cent. That does not
mean that the countries would receive
generally thought that the committee
OF the syndicate will make the In
tereEt to be paid Ia
The position tonight seemed to be
that the ideas OF the lo-French
mission has become well known to
American hnanciers. and they have
expressed their Views. II remains for
both parties to get together on the
best basis. Not all the American
bankers have been heard from. and
there are engagements running some
days ahead for them to do SO.
Many Different Opinions.
1t was said today that every man
or every section has a different op.n-
ion and desires to express IT, The
banks from the wheat growing Sec
lions seem to be fairly well educated
to the necessity for the loan. The
cotton section wants money and de-
ssres 1t upon their warehouse re-
ceipts. The manufacturers, particu-
lariy OF munitions Of war. want gold.
Out OF those diversified opinions has
arisen the report that the loan may
be In three parts--one portion OF 1t
for commodities was to he without
collateral. a second portion for cot
ton was to be based on the warehouse
receipts, and a third for munitions
was to have a form OF collateral.
The meetings OF the members OF
the mission and American -financiers
continued today. The time and place
of these are now kept secret for OBJ
yious reasons. All that liz known is
that Baron Reading anc his associ-
ates left the Biltmore this afternoon
and were gone for nearly three hours
They did not go down into the Wall
Street district. At the same time a
number of big bankers left their Of
fices and went uptown In taxicab s.
Mr.. Morgan and Henry p, Dawson
departed early in the afternoon, and
not long thereafter Francis TX fffns
was not at the First National Bank
nor Dwight ". Morrow at J. p. Nor
gan & Co.: James &. Alexander was
missing from the National Bank Of
Commerce and Alexander j. Hemp
hill from the Guaranty Trust Conn
gentlemen attended any meeting with
the visitors, but they were not down
town. Out OF 1t all arose the report
that quiet meeting place has been
found uptown OF which cranks will
not be informed. The members OF
the mission returned to the hotel
about s O'Clock, and shortly after
entertained Madames Homeburg and
Mallett at tea. This statement was
made upon their behalf:
Has Nothing to Give Out.
The mission has nothing OF fresh
Importance to say. It's members have
continued largely in their individual
capacities and occasionally as a body
the discussions already begun with
reference to the exchange markets and
kindred subjects.
Figures have been collected going
to show the total exports In recent
years Of cotton, grain and other food
stuffs to Great Britain. the totals of
such figures having such a direct bear
ing upon the question OF establishing
credits in this country. The figures
as published in one of the newspapers
this morning give the total commodity
Of exports OF this country last year to
Great Britain. Canada and France az
approximately $1,000, 100000, the
greater part OF that being for articles
Of normal export These figures II
correct as we assume them to be, In
dictate the great volume of interna-
tional trade involved in this whole
situation.
AS to actual negotiations covering a
proposed loan. 1t Is almost too much
to say that they are actually under
way as yet, but so much has already
been accomplished In ascertaining the
exact facts Of the situation that 1t IN
hoped that the time for some definite
statement az to progress will soon ar
rive"
Morgan Sees John ID.
There was some interest today In
the visit OF ]. p. Morgan to John %.
Rockefeller on Wednesday. It had
been misconstrued as indicating that
the Rockefeller interests were opposed
to the loan. This was said to be un-
true at the Rockefeller Offices today.
Mr. Morgan called upon Mr.. Rookie
Teller, 1t was said. to explain the pur-
poses Of the visit Of the mission and
plans so far as they are settled. MIR.
Rockefeller did not express any opin-
ion upon the matter, nor has he 1T