Evening Republican, Volume 19, Number 218, Rensselaer, Jasper County, 14 September 1915 — To Borrow Vast Sum of Money From United States. [ARTICLE]

To Borrow Vast Sum of Money From United States.

The present plan of the joint AngloFrench financial commission, it is reported, is to borrow $1,000,000,000 in the United States on straight British and French government bonds without collateral whatever. If this vast sum of money is obtained, it is said, it is to be spent, to the last cent, in the United States in paymen of wheat, cotton, meat and other commodity shipments, including munitions of war. It will, therefore, in the opinion of financial authorities, be classified as a commercial loan. Whether the neutrality of the U. S. would be questioned, in case the bankers financing the loan should accept straight British and French government notes as their security, has been given serious consideration. It was said that the financiers familiar with the plan had every reason to believe that the Washington administration would not interfere.