America.

Stratford Evening Post, Volume XXVIII, Issue 14, 15 September 1915, Page 5

America.

THE EXCHANGE CRISIS. ANGLO-FRENCH COMMISSION STARTLES WALL STREET. United Press Association. (Received 8.40 a.m.) New Yorlc, September 14. The Anglo-French Financial Commission startled Wall Street by suggesting the advance of a loan of two hundred millions sterling solely on the British and French Governments’ notes. American Financiers fully expected that the Allies would offer collateral security hi the form of American securities now held in Europe. The Commissioners,' however, told the Americans that they refused to consider such a proposal, and if the United States failed to assist the Allies,, the latter would send gold for everything purchased. It is probable the Americans will agree to the Commissioners’ terms, as they do not want further gold, fearing wild speculation.

THE ARABIC CASE. WHAT AMERICA WANTS. THE POSITION DELICATE. (Received 8.50 a.m.) Loudon, September 14.' Reuter’s New York corespondent states that Mr Lansing furnished Count Bernstorff with unanimous evidence from the Arabic’s officers and survivors that the Arabic was proceeding peacefully on her course. Mr Lansing informed Count Bernstorff that the United States desired disavowal and reparation for American lives. Count Bernstorff undertook to send the evidence to Berlin. America’s enquiry into the circumstances is complete but action may be delayed to girt* Count Bernstorff time to communicate with Berlin. The United States will not consent to any principle of arbitration on the question involving American lives, but is willing to arbitrate the indemnity. If Germany assures her that ■ peaceful diners will not be torpedoed without wanting,' she might also arbitrate as 'to • whether the submarine commander swW..justified in believing. the _ Arabic was about to attack. ( Officials, consider ’ the-' j4osr£ioii remains delicate, and will only [be cleared up .i| fhreifoes , attti&s merc3iintnUiiL U i I led ‘ rihhW'yf’f j. .j.t, ti.M3*vs■; -i ■' <*.■ i” 1 ' FOOLING a THf : RSESIDgIftTn W ILStiN .FUSES- r ARBITRATION *;lty ARAjDIjP CA5E..,.., • t ,

(Received 8.40 a.m.) New, York, September 14. President Wilson refused to the Arabic case with Germany on the basis of arbitration. 1 The press ; suggests that German diplomacy | is.! engaged ip! the: usual practice; of Tooling the/ Wilson A dminr istratioif t4ith>pi ; o»Msesvit,does, not,in_tencl.ito■ k<Sep- ; ii v i vif •■ v, dfn AN .UNPRECEDEiNTED LOAN,; , f • at,:| .'.f-i-' : spf l-'s'O'T’ini anclo-|french borrow a / " ' / edBILLION; ,?! !uu: •: ' /’ 1..,-.- •. 11 ■ • ■ ■',,! ; n A Re6eived 9150 a.m.) ’ . .. i "London, M September 14. Renter’s I New York correspondent states-, it is reported that the Anglo French mission proposes to borrow a billion dollars on straight-out AngloFrench Government bonds without collateral security, which alarms some financiers. Others point out that the entire credit of the Anglo-French should be sufficient guarantee. The amount of the loan has never been approached in the history of American n S finance.