Evening Republican, Volume 19, Number 259, Rensselaer, Jasper County, 1 November 1915 — RUSSIAN AGENTS SEEKING MONEY [ARTICLE]

RUSSIAN AGENTS SEEKING MONEY

Desire to Establish Credit Loan In This Country of From Fifty to a Hundred Millions. New York, Oct. 28.—Agents of the Russian government, it was reliably reported here today, are seeking to establish a credit loan in this country, somewhat similar to the recent AngloFrench credit loan—although no bond issue is contmplated—of from $50,000,000 to $100,000,000 and more, if it can be obtained. Details of the proposed loan were lacking but in one quarter it was reported that the Russian government was willing to pay as high as 9 per cent interest for a loan of this size. This report added that the loan probably would be for eighteen months and would be in the neighborhood of $60,000,000. It is said that negotiations looking to the establishment of the loan have been under way for some little time and that a definite announcement might be forthcoming soon. This, however, could not be confirmed. The sum said to be sought by Russia would be spent entirely in this country in the payment of supplies shipped to Russia by American exporters. The volume of supplies leaving here for Russian ports is reported to be enormous. Imports are at their lowest ebb in years and consequent disturbance of the foreign exchange market has reduced the value of Russian rubles in this country to a recent low record of almost 40 per cent of depreciation.