The sun., 1916-12-05
RUSSIAN BOND ISSUE
MYSTERY DEEPENS
Concern Regulated by En-
bassy Says 1t Has $500, OOO,-
900 Ready to Float.
"CAN BUY WALL STREET.
Statement Promised To-day as
to Manner Of Market
ing the Issue.

That Russian bond issue fathered by
the American Russian Corporation and
Lord Rotterdam OF London continued
yesterday 10 he a matter Of gossip and
mystery In Wall Street. with the Ma.
tlonal city Bank al the fiscal agent OF
the Russian Government In this country
the question was asked whether the
American-Russian Corporation would Of
fer the Ave year 6 per cent. Russian
bonds to the public. especially In view Of
the announcement from the Russian Gov
m to the effect that the corporation
had no authority to do 40.
The Embassy's announcement stood
unchanged. but In the Office OF the Amer
ican-Russian Corporation, Francis 8.
Taggart. The vice-president. n Canadian.
was smiling n confident. He was will
ing to talk and he fairly effervesced en-
,huslasn and confidence. But. having
owned several newspapers In Canada and
in London he did not speak for publica-
ton. He said hat a statement would he
forthcoming to-day hat would have a
punch In It,"
buuUb NtsO neuOy soon.
As for those Russian bonds-and there
are $500. 200. 900. not Sl0O, 400. 600 a.
formerly announced--they also will be
ready soon. II was minated that, the
corporation already had the bonds. Hugh
sutherland. president Of the corporation.
VA in London. having gone there more
than a week ago. One story had il that
the reason he had sailed away was be-
cause he was unable to communicate
with Lord Rotterdam by cable.
The impression was radiated from the
corporations offices to the effect that the
persons in Londo behind the corpora
ton and the bond issue had enough
money to buy Wall street and throw Il,
away and not miss the purchase money
at all" There seemed no doubt in the
minds of the persons in the office that
the Aneiican-Russian Corporation. capt
tai 10000 tmerely nominal to convince
beholders that this IL not a stock job
bling proposition), would have something
to SHOW to-day that would prove 1t had
authority anyway, the corporation had
the bonds.
Several Banks Approached.
From various sources II was learned
yesterday that the proposition OF float
ing the bond issue had been put up to
various banking institutions In Wall
Street In the last several months. The
Guaranty Trust Con pany. the National
city Bank and several other institutions
were approached.
officers of the Columbia Trust Com
pany said they had made an inves'iga-
ton ~ the persons connected with the
Observation-Disclosures Corporation and were
convinced Of their excellent finincial
standing. Hugh Sutherland IL president
Of the Canadian Northern Co and ore
Dock Company. Ltd. OF a bond issue
Of which the Columbia Trust Company
H. trustee. .rr3 ROTTERDAM was rep
resen,ed as being a wealthy London
anker. with various 1iWiat;ons In Eng
land \ man In IN" pf'se- ~ the Amer
/ an-Russian Corporation put Lord
Roiherham's assets at $1,000 GOO ,00O.
R%othrrhnm Fiscal agent.
II was learned iha' a man who took
sutherland to the 'iul ranty Trust Com
pany saw a message sent from London
ny the London c~rrespondcnt Of the
Bank Of Mon'rca! s'cht or nine months
ago TO The effect that Lord Rothe:htm
had been selected as the fiscal agent In
America Of ks Hu.sinn Government.
That was prior to the issue OF the s5O.-
600. 900 Russian bonds through the Ma
tional city Bank and several other in
siitutions.
Sutherland Nas understood to bc tho
associate" OF Lord Rotterdam and he
came To this country in company with
Mr.. Taggart to make arrangements 80
t'oat the bond issue. II was said also
in Wlli street that the London and
Westminster Bank also was behind Lord
Rotterdam.
II was asserted ar tho offices of the