America

Stratford Evening Post, Volume XXVIII, Issue 48, 26 October 1915, Page 5

America

DISCOVERY OF A PLOT. TJniteu PuKflfl Association. New York, October 25. In the arrest of Robert Fay, a lieutenant of the German army, and Walter Scholz, his brother-in-law, the Federal Secret Service believes to have detained the leaders of a plot to wreck American munition factories and ships carrying munitions. Fay is said to have confessed to a plan of stopping the shipment of munitions. He said lie was supplied with two thousand dollars for the carrying out of operations. Papers found on him show him to be a German secret service agent. Vast quantities of explosives and survey maps of Xew York harbor were found in his rooms.

BIG TRADE COMBINATION. Washington, October 21. The United States Government has sanctioned the formation of an Overseas Trust Company to handle American products abroad, with assurances tliat none will reach any of the belligerents belonging to the Teutonic, combinations. The company will be exactly on the lines of the Netherlands Overseas Trust Company. Its formation is regarded as a notables*success for British diplomacy, and will tend to obviate the existing causes of friction in trade between Britain and the United States. Despite the Anglo-French war credit New York sterling exchange has reached a new low point, and is now four dollars sixty-four cents.