Evening Republican, Volume 19, Number 231, Rensselaer, Jasper County, 29 September 1915 — TERMS OF IMMENSE LOAN MADE PUBLIC [ARTICLE]

TERMS OF IMMENSE LOAN MADE PUBLIC

J, P. Morgan Gets Things Sqolrtd Away to Loon the French and British Vast Sam. J. P. 'Morgan and those who are authorized to speak for him, state that the conditions of the loan of $500,000,000 to the French and English governments have been arranged and that the deal will go through. It will be a first lien on those The bonds will bear 6 per cent interest and as they will sell for S9B for a SIOO bond the interest will be virtually 5% per cent They are to run for five years. The bonds are to be peddled all over the country and may be purchased in Rensselaer if there are any who want to invest. The Republican deplores the loan, believing that it constitutes a violation of neutrality. International law recognizes the right of one nation to sell munitions of war to nations at war, but had it been considered we doubt very much if the act of providing the funds for the purchase of munitions would have been considered proper neutrality. If the Germans should secure important advantages the holders of bonds with FrenchEnglish securities would all be trying to get the United States into the war against the Germans in order to make their securities good. A loan of $500,000,000 means a per capita of $5 for every one of the 100,000,000 people in the United States. It don’t look good to us, J. Pierpont Morgan and a lot of other eminent financiers to the contrary notwithstanding.