GERMAN LOANS IN AMERICA

Wairarapa Age, Volume XXXV, Issue 10713, 4 November 1915, Page 3

GERMAN LOANS IN AMERICA

A DUBIOUS RECEPTION. In a letter from a well-known American business man the following interesting facts are given about the German war loan in America, which tho writer got from one of the bankers who underwrote in December tho nine months 40,000,000 dol. German loan floated in that country. Ho says that the Gorman agents allotted 30,000,000d01. to New York, 5,000,000d01. to Chicago, 2.500,000d01. each to St. Louis and Milwaukee. Tho Chicago bankerg refused to take any part >f it. Those in Milwaukee and St. Louis 'took the portion allotted. By the middle of July the St. Louis underwriters had succeeded in selling to the local public only 25,000d01. They then sold 75,000d01. in iXew York at a loss. The remaining 2,400,000d01. was still in their hands. In Milwaukee only 10,OOOdol. was sold to the public. For New York this banker had no exact figures, but ho was informed that the loan was as flat a failuro there as elsewhere. Now, St. Louis and Milwaukee are the most strongly pro-German communities in America. If the informant is to the twisted, and he is wellinformed, German-American capitalists cannot, up to a very recent date, havo felt much confidence in ultimate German success.