Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-09-10
Eminent European Commits
sion Will Seek $500, ,O0O;-
600 Loan, Is Belief.
GREETED BY J. P. MORGAN;
CONFER AT HIS HOME
Lavish Expenditures in This Coun-
try Largely Depend on Obtain
ing Money Here.

NEW YORK. September 10.-The
Anglo-French financial commission of
six members. deputed by Great Britain
and France to adjust the foreign ex-
change situation here, reached New
York today aboard the steamship Lap
land from Liverpool. II
They were met at quarantine by J. P.
Morgan and H. P. Dawson of tie Nor
gan firm. who escorted them 10 their
headquarters here. This afternoon the
commission will meet a committee of
New York bankers in the library Of
Mr.. Morgan's home and enter upon the
first of a series of negotiations looking
toward the establishment of big for
eign credit loan. popularity believed to
be in the neighborhood of s500.ooo. .ooo
There will be no attempt. it was said,
on the part of any one group of power
full bankers to monopoIize the commits
sion or to attempt to direct its ener-
gies. The jealouses of the financial
world and the conflicting interests of
some of its dominant figures. so far as
possible. will be subordlaate.l, it WAS
said, in a wholehearted attempt to meet
the commission half way IN it's endeav
ors to adjust the pre- sent complicated
situation.
Much Work Ahead.
AS leading New York financfers have
indicated that the commission would be
given the widest opportunities to ia
miliarize itself with every phase Of the
situation from the many-sided Ameri-
can viewpoint. it was assumed that the
labors of the body here would extend
over considerable period Of time and
that vast amount of preliminary work
would precede actual negotiations as to
the terms Of the loan. a visit by the
commission to some Of the principal
the United States was believed to be
within the realm of possibilities.
When these men sit down in Mr.
Morgan's library they will face ffnan-
sumed before in the western hemi-
sphere. Not only is the immediate fu-
ture of Great Britain, France and Rus
sia involved, but, in the opinion Of To-
cal fnanciers. the continuance of the
prosperity of American exporters like
wise is vitality affected.
Way to Meet Bills Necessary.
Whether Great Britain and her allies
will continue their lavish spending in
the markets of the United States, these
fnanciers assert, depends wholly on
the success of the commissions work.
Unchecked buying, they declare. cannot
continue unless a way is found to pay
the bills. and the only plausible way
seen ahead at the present time is to
lend Great Britain, France and Russia
the money with which to buy.
How much money is needed, upon
what terms 1t will be borrowed. what
collateral will be offered, how long
the mammoth loan will run and nu-
merous other details are what the COM
mission will endeavor to adjust.
Formal Statement Issued.
A formal statement issued on the
commissions behalf was the only ex-
preston made by any member Of the
party for publication. This statement.
issued at quarantine. reads:
The joint Anglo-French mission. un-
der the Craftsmanship of Lord Reading.
which has been sent to the United
States in connection with the question
OF the exchanges between New YORK.