New-York tribune. [volume], September 29, 1915, Page 2, Image 2

About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Image provided by: Library of Congress, Washington, DC

                
Robert Louis
Stevenson's
Toy Theatre and how
it affected his play
writing when a man.
by Brander Mat
THEWS. With pictures
of the "Penny Plain and
Twopence Coloured."
In the October
Scribner
lytll Nemraatandn
I
unsafe
SCl ar.d
the attack
ipring, wb
mar- < I
?? 'The M a tn |ht to point
out that thl
.. more se: ? le than
et the prep
i for a I
are not unduiy prolonged, 'he
HUM 11 OFFICIAL.
night sa\-:
i* the ?lay of Zepter ?1
OUT '
-f the
lachet. We
took about a Lundred prisoner?,
among whom were men of the .
.
an front.
Kew.-.e. new vrog
arly to
?
. e.- :. lit ? . ? (hi hnodrod
?
The enemy basdirectedagair.it our
in the Argotit.e a violent
hombardn.' hieb we have effl
cacioaily replied, but be has attempt
?
?nades have
enabled us to regain some parts of
.here the enemy had
Itei lay.
-.- ,-ar.
i.onading Le I'r?tre
and in the region of '.he Ran de
Sapt.
The afternoon statement said:
la the Art made ad
?. ai.. ? and last
night we gained ground .-ter> bj
in the direction ol ?? to
the east and to the ?outhea
Souehez.
In the Champagne district the
mane ar< "unce from
certain of theil - where they
ara protected by concealed barbed
wire .ntan,;.? lents.
(ro?n Prince's Attack ( hecked.
In the Argonne the obst.nate at?
tacks delivered .??terday by the
enemy wit r eight batt niions
againrt our * : -* lin! trenchei at La
rille Morte ai. ce resulted
in a st-rious check, lue counter at?
tacks made by u- in thi eoui
us to
? . the German infantrymen from
almost a they had
?uccee'ied In pene: rating. The ground
in from of oui trenchei is coven I
with dead bod i el of the enemy.
BRITISH OFFICIAL.
The official communica'ion issued by
the War ? irtice hire to-night aaysi
The follow ? en i* calved
fr?.ni Field Marshal Sir John French:
.: has continued to?
ut?.uno l,i" - and to 'he
ow hold all the
groun?! north of IIill No. 70, which
the enemy retook on the i!fith.
v\ . bave mad? irther pi ogress t ?>
and captured an?
other gun. The total nuriiber of
gum captured by us is now twenty
one. Thi everal more be?
tween us and the enemy which have
bien abandoned by him.
Our number <>f prir-or.er? now ex?
te?
Th?- number of machine gunscapt
i have boon
The enemy's linei taken by us are
ex? i . g They ci
of a doutile fr- hich includ?
ed two ;.. . named by him
the Hphensollern and Kansoi Wil?
hala These consisted of a
network ? f trenches and bomb
proof ihi Itei - several hundred yards
extent nd line ran just
west of Loos.
We are now eloaoly engaged wirtj
: line.
GERMAN OFF1I IAL
II \rmy Headquarters gave out
The ei til Bed yesterday hi.?
attei rough our line ?
without achieving any result. On the
?trary, be lulrerod m many ?
very coniiderable losses, besides
bringing u.?? an appreciable gain in
territory
Our counter attack resulted in our
capturin,? mea, in?
creasing the number of prisoner?
?taKen m this localit men,
including a number of
additional machine guni were cap
lured.
At Souches, Angres and Roclin
court an,I the entire f on*
from the Champagne to the Argonne
attacks b] , were ref
without a break
All Attack? Kepnlaed.
During the repulse of these at
tacks the Saxon reserve regiment and
the troops ,.f the Frankfort-on-the
Main division especially distin?
guished themseUe
ln the Argonne a small advance
wa?. made oa OUT part to improve our
? il I> Fille Morte. The
movenarrt brought us the desired re
*ult* ?** ?ring for u* as pns
EM men
0a the bill i.t rombre, the enemv
poiition? were blown un and blocked
?-erday aid the day before by
extensive mine exploitons.
TO-DAY (Wad) .ad
13 Following Days at 3 o'Clock
In Silo*? Fifth Av.
Art GaJlerie?
Mr laaWW I *
M? Flfti. A.rru?.
mut
ta.? v???t tan ?t
l'"* ?4?eeu-l et ?boas It m??
i Sale by public auction of
important collection of
an
Oriental Rugs
and Carpets.
I "Iheie ?re *Mi choice examples of]
> Antique and Modern Persian and1
< (hi?ese weave? In a large vari?t] '
| of sizes, many of them adeairabl)
fj eulted for the country and cit\
) home. Exhibition to time of sale.
a?? 4.,
CROWN PRINCE
LOSES HEAVir
IN VAIN ATTA,
Paris Puts Total Gem
Casualties in ArgoiM
at 100.000 Men.
FRENCH ANTICIPAT!;
NEW COUNTER I)RI
Greater Struggle to Come W
Storming <?f Second Trine
Lint* Is Aitcmpteii.
Pans. Sept. 28, InU
the ? ?
Paris to de)
? Get man Cr
? '? army which was I
the atteeka of Friday an?;
'Ihe (.rown Prince's centre I
sfferta ?" eei nter in the Argoi
with the !.? ill railway li
to the east and north, according
Frei 'aged in ?
r\;t.g awaj German wounded.
French offlceri r? thai 'he Cr?
Prince's army lo?t 100,0?M men in I
attaek and the pi ti .? II ail
. ?
The plan of attack of this, army
been to a?
or al>o_w-:i' at a time age
French worki. The.-e engagement
each one equal in importance to so
of the great hnt'i's of history nl
heen ?)-.??? IB? therto with brief r
erence? in t'.e French official cojnmu
cations because the results were nri
tive. German? captured ree?
fy that the resistance of the I rri
lias been as destructive ?s their i
fenstve, and that their artillery lire.
deadly effect a year ago, has now i
tamed such intensity af ?O work dem?
nlization amone theil opponents.
Renewed Assault Three Times.
In yesterday's attack the (ierma
sent two divisions against the f-rn
lines after a preparatory bombardmei
The artillery Are did not demorali
ihe French line, which held ever
where th? German Infanl
? two G?j rman ?i ? ? ?ioi
broke, leaving the ground dotted wi
their dea?!.
Three times the Germans renewi
then assault, ma?. ?acks wil
extrem? Each time
tired, leaving: more ?lend. Many ?
their wounded are still lying betwe?
the lin? -
Alt "iigh the attacks of the Crow
Prince have been violent and well o
ganised, French officers say that tr
drive against Verdun is being tran
formed gradually into a defence <
Met?., for the French are cr??-;
steadily closer to the Lorrail
stronghold.
"Infantry attacks began at noon c
Saturday." said a soldier wounded i
the Champar- d?
operatiei resulted in an in
portant gain for the French. "My reg
ment was acting as a support. Fc
three days our artilierv h'??l bi
?ng an appalling dm by day and nigh
Big gun.-, hurled i-hclls without reapit
Veiled Like Men Possessed.
?* "We infantrymen, waiting for th
end of it, beg.,;, to g?'t impatient Sal
nrday we at? heartily ut il o'elock, an
then looked over our arms. Finally. u
n??on, oui chiefs shouted, 'Forward
We began to yell like men pe
With a single bound We ??.ere out o
the trenches. It was pretty hot i
iront of us.
"The boys who had gone ahead wer
doing good werk and were already he
yond the German trenches. We reache.
them in our turn at the double. Th.
trenches were tilled up to the brin
with German ho?)ies. Further on w?
saw enormous craters in wheh man
(ieiman?; hud been burie?! by fallini
Here and there a boot protruded
r? tugged at tlii'm ??? see if an?
living, but there wire not. W?
didn't atop long but pushed on.
"To our right ? ?Ming enemi
contingent ineltered in a pit with ma
c) me guns. They ?lidn't last long, foi
we fel' on them with th?? bayonet I
??as ? pretty Stiff hit of fencing. See
ing themaelve? dure for the lurvivon
held up their hands. Some, however
although prisoners, still tired at us
My left hand was pierced by a revol.ei
hull?! tiled point blank by an artillery
man. i"1y captain knocked him down
and sa on his dies' "
N?fw Helmet? Savf-d Man*..
All of the 'wounded who have ar
ri\ed lier?' were covered from head to
foot w.th chalky mud. Most of them
were wearing the new light steel hel?
mets, which they declared had saved
thousands of lives. One who had no
helmet and whose head was cut by a
glancing machine gun bullet said:
"In the thickest of th? infantry at?
tack I arrived w<th rr.y rompany at the
?'ermati artillery positions Gunners,
i tip with mfantryniin. huddled
around the pieces. All of them sur?
rendered. <>ur artillery had completely
>tupetied them."
The people of Peril show no signs
of becoming unduly optimistic as fresh
??al the full measure of sue
? ? ations at Arras and in
Champagne. Th? punilc realizes fully
that it is only the beginning, but they
believe it justifies gr?at hopes for the
future. Although tin- attempt of the
Crown Prince at n diversion in the Ar?
gonne has failed, it i? expected this wn
only the Aral Of the efforts he will
. make to regain the ground lost.
Germans Caught I naware*.
Mlitary writers point out the stra?
tegic importance of the section of
Champagne singled out by lln ? re
Joffre far the sms?hing blew which
1 was ?o tellingly delivered. The flat
ground permitted the irfan'rv to ad
Vance with Mich ?need on both flank?
that the (iermati reserve? were eaaghl
imsshi .1 before ?'? ? re? ?le te
loin In the fight, it 1? asserted mat
Fren? . ? i",'.?' ? oramand
the railroad bull? bj the Geroane to
suppl) Iheii troops around KLeim?
The object "f the oj ? ration!
lie? furl .1 to tn? north, however, mil?
itary < pert! believe It il the main
? ? : lyitem o??*r which provleeloni
hnd munll or.? pour *'roni Germany. If
the French get within ?'riking distance
of this ?ysteni of communication! the
?? ' -nan line must fall back. It
n . that the Gei
,..,. tupci oui ( iTorti to
theii for? ??* ii tael and that the
, ng which ended with the capture
of their first line of defences was child'!
play compareii with what will be ro
econd. third ai.d
nerhapi fourth and fifth line?
. md.
BRITISH ADVANCE
IN HAZE OF GUNS
I iiiiilniiril (rom pase I
er'l men. who charged with valor be
wordi ol praiai and with passiou
' ate courage wh:ch swept away I
. ee until the object was attained
and the lacrlflce consummated.
Water Red with (.erman Blood.
All day there was a heavy rain, which
made the trenches and the fields wet
and boggy, and our soldier*. digging
lelvei into the ground they gained,
were elogged with mud and sodder.od
with water red with (?erman blood.
Ked was the sunset which followed
day of battle, and the tall po?a>r
*ree? were Ink black against it? flam:!.?*;
for. The rain had ceased and
with the night the sky cleared of us
storm cloud, the moon shone bright
above the battlefields, where for a few
hour* the bombardment died down, e\
? ci p for ti i booming of single guns.
ittle of machine puns and the vol?
Ve i tarda) Sunday while the fight
I rogi - then ?a? brilllant ?iin
-hine, with i cloudle?? blue shy, good
for artillery observation. All day there
?a? no ceeeation to the awful cannon?
ade. Down roads, ;i few miles from this
massacre, Flemish citizens in Sunday
clothes walked to '.heir village ehurehei
to pray God for victory, not knowing
0W many more widows there were
OW many of their sons lay dead.
Down the roads enme ? proci mon of
unces filled with wounded. In
line, within
sound of the battle. 1,400 German pris?
oners, a great mas? of slate gray men,
were lying on the grail and awaiting
entralnment, The majority were of the
Slavonic type, itrai gi Iv Russian in ap
pearanco, with a touch of the Tartar
here and there. They had a beaten, ex?
hausted look.
"The English gave us a great sur
prise," said one of them. "The first
I knew of what was happening was
I saw your soldiei
past our trenches. We were surround?
ed on three hides and our position was
hopeless, bat we fought until we had
spent the ?as: cartridge."
I.reat Battle Is Resumed.
To-day the battle was resumed. The
British are advancing In an Intensely
concentrated line between La Bassec
and Lens, with the French on our right
working upward from the captured
town of Souchez.
Today the weather was so bad that
artillery observation was difficult for
aeroplanes and stationary balloons.
Around Hill 70 a deadly struggle was
in progress. It ?Aas easy to see and
hear that the enemy was endeavoring
to check us at this point. One coula
see by tl.e constant glint of -shells
bursting there, followed by white
eloudl which hung in the air like enor
? - mushrooms until they were torn
into ribbons by the wet wind and one
could hoar by the thunderclaps which
slammed over the slag heaps there.
By similar sign! one could read the
progress of the battle at other points.
Across the lower spur of Notre Dame
de I.orette there was a continual storm
of high explosives and shrapnel, sViow
ng that the Ormani were endeavoring
to thrust back the victorious advance
of French. Hour after hour the can?
nonading continued, and to sit like an
ant on the edge of the field of fire was
an experience no man could forget.
But the human side of it was invisi
ble. None of those generals or staff
Pl who were gathered at different
parts of the line upon rising ground
could see through the veil to where the
masses of brave men W'cre fighting and
falling and itruggliag forward in the
dreadful business out there. Battalions
and brgades went in the ?moke and fog,
and progress was only known when lit?
tle vmces whispered to men lying out
in far fields at the end of the telephone
wire to which they listened with
?trained ears.
In the afternoon, at one of those
hours of crisis, the ?kv darkened and
rain clouds broke, and a sharp hail?
storm swept across that mining coun?
try with its tangle of pitheads and
slag heaps and railway?. It is no
longer raining, but the nijjht is very
dark and cold. Not yet hnd the deci?
sion been reached, and all one can say
is that this night Ii full of hopos for
the British arms.
Aero? Peer Through floods.
Overhead all day long our aero?
planes were flying on reconnoissance,
peering down thtough the clouds a?
burst over the great battlefield
Their record during these last few days
of battle has been remarkable. Every
day thev carried out artillery observe
despite adverse weather condi
fions, remaining two hours at a time
over tie enemy's lines at a height of
7,000 feet, and heavily shelled by the
fiifitij 'i runa.
This plain record Is a splendid trib?
ute to the work of our aerial service,
on whose vigilance and continual dar?
ing the staff -elies for much useful
information, enabling it to perfect pre?
parations for the groat struggle which
ll now in progress.
The armies have been grappling in
the greatest ordeal which can test tl ??
strength and the steel of nr-n's hearts,
an advance through the hell Are of
massed guns.
isa-iiti ttta tttttaawaMttt.'sisti. ti:i t tu??.? it-.*?iisjiti-tix:>a?ia : t ?im i tt raiiiii i u it t?t tt< ? s?t 11 ? i ? : ? sr* ? ?i 11 tf t jttettti 1111 i it - : >?tf 11 r ? tr ? i ti 11 m ; ?<< f 11 r* 11 ? ? i >< < f 11 j r*.j ? ? ?i^ ( rtiui?? ? ? >>
Strength, Organization
Service
These three essentials
are conspicuous'in the
Bankers Trust Com?
pany, and are interest?
ingly set forth in a
booklet just issued.
This booklet,which will
be sent on request,con?
tains information of
value to anyone who
has banking or person?
al trust business to
transact.
Bankers Trust ?Company
?etmcute*. e-er I22S.0OO.000 16 Wall Street
iiiinnwiiii.mi ? ..iiiiiisiii!i'iiiiiiiiii|iiiiiiniiiiiiiiiiHiiniiiii.
rtni'nifnsiii!iiM','siisiiiii?itstii?* NirmsuKiml
GERMAN BANK
TO THWART LOAN.
National Institution Pirn
ned to Counteract
Allies' Influence.
Impetus for launching a (?ermar
American National Bank wa? give
last night hy several thousand Gel
msn-Americani and their i-mpsthii
eis at a meal meeting in the Amstei
?lam Opera House, called hy the Amel
icaii Truth Society ts protest egnini
proposed Anglo-French war Ion?
Th?' announcement wai made by Heir
hard II Bidder, managing e?ht?ir o
'.he "Xew-Yerkei Staati Zeitung." ?I
leverel) Criticised the American hanli
ei? Interested In the loan to th?
MH ,?c want to maintain ? m posit ??
we must tight for it," Mr, Bidder sat?
"If oui bai is se?
in a way objectionable to u-> we hav
iblishingaGi
American n_lion_l bank. We an in??
confronted with the happ? 'ask of kill
?ng the loan and of forming B power
ful German-American bank at th? .ai.m
7 .111?'."
In conclusion Mr. Ridder said th
pi oponed billion dollar loan to the Al
lies is as secure u? the shoring of th
new subway, lie ?also prophcied the
if made, it would be just ai? disftstroui
R. B. Met mm, editor of "Water
wajrs and Commerce." n monthly mag
azine, acted as chairman und opeBO?
the meeting with a brief outline of it,
o Meet.
"There is one le????n winch the Brit
i?h firm, Rufui i sues 4? Co., ha
learned since they have been in tin
country. That is 7hat American publn
opinion doe? by ne meaai coincide witl
?'..- expressed by the American pr?s:
in general." Mr. Mi? aim said.
Jeremiah O'Leary, pesidcnt ol tin
American Truth Society, three ?? hum!
into the meeting by announcing tha'
the American Truth Society had
cided to institute a libel Kuit again*!
u X.-?v fork paper for "willfully mi.s
representing the reports of ? recent
meeting held by the American Truth
Society." Mr. O'l.eary explained that
the paper had reported one of ?li?
t-Peakers of that meeting as calling
President Wilson a ".hulas."
"Ths was a dastardly lie," Mr
O'Leary shouted, "and i will prove in
court that the reporter who wrote this
.story invented this incident."
.lame- Franklin Trautinan. intro?
duced as "a newspaper editor of Mil?
waukee.'' read a newspaper clipping,
which, he said, was an editorial from
a ?"anadian newspaper. It pointed out
that obtaining the Anglo-French loan
in this country would "materially ce?
ment the friendship between England
and the United States and make it im?
possible for this country to allow the
British and her allies to he licked."
"That is just exactly the situation."
Mr. Trautrran declare?!, "For this rea?
son it is the duty of every fair minded
American to protest against this loan,
which will be not only unneutral, but
also very dangerous to our America."
He asserted that the declarations of
Rockefe.ler and Ford thai1 \h."v would
not participate in the loan and would
not tolerate their banks to participate
in it had shaken the oottom out of the
Anglo-French "borrowing commission."
"The hankers may give them the
money," he said, "but the peoplp will
see to it that the subscriptions will go
begging when they are thrown on the
market by the Morgans ami their
allies."
allieTi3??will
BE $500,000,000
Continued from page 1
(?reat Britain and France. To this it
has attached terms which mean a yield
to the investor of almost 5 H per cent
per annum, and carry .vith them a con?
version privilege calculated, upon the
return of normal conditions, t?> prove
of distinct value to the holder of this
bond.
"The interests of the small investor
are also consulted in the decision
which the commissioners have arrived
at. to issue the bonds in denominations
as low as Jinp and to allow subscrib?
ers to make instalment payments for
the loan. It is to be noU'?l that, as
the commission has stated, this is an
external loan, free from all present or
future English an?! French taxes. I?
is propose?! by the commission that the
proceeds of the loan be handled so as
in no way to disturb our own money
market?, and to that end the general
plan will he to leave the cash realized
from the bonds on deposit with hank?
ing institutions which Decome members
of the syndicate throughout the I'nitcd
SUtes.
Boon to American Trade.
"This proposed loan may, in faet, be
considered as an arrangement made by
' American commercial and agricultural
intere'ts with their regular customers
to accept deferred pn>menti covering
Only
\4* Three
Days
Away!
Saturday, Oct. 2d 7 j
12 O'C.'ock
ASTOR m? RACE
If you Ii??? not re??r**ed your ???t.. for tLr ,;re?t A?lor Cup R?c?. get them tod?)
'.r. ord-brea Win f flamand tew *e?u lodlr?'?? lu?i ihla gran'ea' e?e?l In lb? h'?t.-rj ol
tb? ?utonmr;!!? ?Hll b? ?itnraurd by the laa-feat n'imt?r of p?n.ona e??r *?-? rtib:-d la
IM t'nlt?d State?
All America'? moat famous driver? entered
?350 Miles $50.000 Cash Prizes and Astor Trophy
Sheepshead Bay Speedway
l.rnei?! ?*liiii<?.uii S?.0O. 4.rand Mand Kr?e.T?! *?r?i? 'ritr? S3.OH
I Iml" I attaWBCT i'f ?.pen-?'?ml ?r?t?, wi:; i* free to boMen of ?dmiaalon ilckei?
|-?rl4. .| ?p?< e behind ill? op.i? Hand MM tree 'n occupant? at tboar ?rala
Buir?. holdlns ?i? penen?. Indiidln? aafbutea. IAO. !7i li<-? ?nd 117,
farlil i?; ?ygft. lu. ?ted MailajaJ ir*nd ?land.
free ta oofdan r?f \miet and ?r?aj ?land ???t? BJ
n-'.'-l ? ??? ? vlUllB ?? ''t h.????-? t?. not lorludUc a.In. art?. ?
nR>f sow ?a.?..oo second row siseo
T'.-keta oo ?ai? ?t Traona. it <? Bride a. Information and Public s?r?*1o? B'.rr?u of R H
M?< > A ? g . American Atitenjobtv a.??n Abraham k ?trau*. BT-djru. Ho'el Bill mor? Tl?
%"e Ticket Ofrlc?. Motor Chlbof H--.kirn ! 2H, hrdfinl A?? . ccr Fulton St Phone 17"
7ir.?tur Newark Automobil? Club. Newark, ?ad S h en p? heart lUjr Hp??d??l ? orp
|M t?roadw?y hetwern Hal ?ad Mth St? V Y Phone Mrrle '''I S
Elimination Speed Trials To-day 3 PM.
Admission, liirluding Seat? in Grand Statu). 60c.
Admission, Including* Seat in Box, 11.(6.
Parking .Space Free.
HOW TO GET TO THE SPEEDWAY
B? ?nt?m?Mle
Drlanr.? ~
Via Br<.??lna, Manhattan '< ?aal St.
han|!
tnter St... and Oueonabaraua?? *?th M. , Hrldirt
Bj rail: Brtahlbta Baart? *l " at Br??kl?n Bridie. Br>bw?r to B?
nglof I? Br1?h inn Reach "I." ; i?lh M F?rr? loi ?.tag l.lanit fit?
WIIIUBnab.ir,
B?r??.|h flail
Equitable rents as reasonable
as reason can demand
Thai ?s h ttp-heavy headline for ?such a short
advertisement, but ?we believe that it is a good
advertisement because it tells a complete ?story in
1li>" headline what nuire can be saj<I <>f a price,
?
whether for rents, rifles, or wrenches, than thi*?':
The prier is as reasonable
a* r east it) can demand'
Equitable Building Corporation
120 Broadway
commodities purchased. Iuternatioi
commerce necessarily involves at tin
the extension of credit hy the ?elli
riH?i??n to the buying notion. The ng
cultural, manufacture ? ami financ
interests of thi? coun* . hould ?
come the opportunity ta ext? nd ere
to any solvent customer 'here the <
tension of such credit furthers Aim
iran trade.
"The normal export trade of tl
country to Great Britain and Fran
runs Into many hundred- of millio
of do'.lais annually. To preserve su
trade under the existing ahnormal co
ditions we helieve the proposed ?
lancement to be imperative, ai.d, t
?ordingly, we and trie many banki
institutions and financial houses th
will he associated with us will act
?managers without compensation."
.Mr. liavison ?aid the work of formii
the svmlicate would be pushed iorwa
:? rapidly as possible. He decline
however, "to say how long he thoug
it would be before th? first bonds we
offered.
"All the syndicate louses in and 01
of New York City will participate alii
n, handling the Oondi " ??id Mr. Das
son. "It is the plan to b?ndle th
matter broadly throughout the rountr
Some forty <?t the most r??pre^entativ
hanking firms, hanks and bond hous?
m this city will be associated with i
in the syndicate. While this city wi
he the centre of ?hi? syndicate's opert
tions, other centro* will be designate
in Boston, Philadelphia, Chicago, Pitt'
burgh and, in far? in all the large
cities throughout the country, for ?Ji??
tributing the beads. The syndicat
member- will report to New York."
It I? purposed ih-.t the country shal
be divided into groups, or zones, wit
the principal citie? .-esignated as th
centres of these zones. The?e zone
will not follow i ht Federal Reserv
hanking districts. ->cept that the prin
cipal Federal Pa ierre cities will be in
eluded ns centre; f?r the distribute]
??f the bonds. Subcommittees of th
syndicate managers, composed of th
subscribing banks and trust companie
within the districts will have direc
charge of ?narhetir.g the bonds amoni
investors in their distriet*. These sub
committees will report to the genera
syndicate manager;?, who will be lo
fated in New York.
The '?.' per cent margin between tin
prices at which the issue will be offerei
to the public and tho syndicate is ex
pected to reimburse members of th?
lints for their expense? in placinj
the loan on the ni?-.rkit. The tive-yeai
bonds, principal and interest, will h?
payable in New Yr.rk. It is po.sr.ibl?
that the interest will be payable ir
other cities, but mis ?letail is yet to b?
worked out.
Westerner's Cautious;
Banks Find Opposition
[ttttm a Hielt Co-Ton-y-r.'?!?? -a] Th? T-lh-int i
? hicago, Sept. 28. Simultaneous!]
i with the announcement in New York
Lord Handing, chairman of the Anglo
French finan.:i.-*.l mission, gave out her?
the terms of the $500,00i.>,00<) loan.
What vor? o7" ? reception the loar
will have in ?hicago and the Middle
West is ??till to be learned. The atti?
tude of the Chicago banks, as voiced
to-day by their leading representatives
was one of caution.
"Without violating any confidence,'
said (ieorge M. Reynolds, president o
the Continental and Commercial Na
?' tional Bank, th? second largest in the
country, "I can tay that the recen!
court decision in tha packers' case i<
going to make it harder for Western
banks to participate. The further Wes(
?me goes ?U,' greater is the opposition
to the loan. Most of it comes from
tl?e fnviTig-, lenk ?lepo .r?ir- "
As Mr. Reynolds whs talking to The
Tribune correspondent, a letter and a
telegram were brought to him
"As one of your correspondents,"
read the telegram, which wag from a
bank west of Chicago, "we protest
against your participating tn the Al?
lies' loan." The letter was to the
s.-.me effect.
"1 have hfd a doren of these already
to-day," said Mr. Reynolds, "and ever
since the loan ?i'jestion was broachei
they hnve been coming in. The opposi?
tion is not only from the Germans, but
from foreigiieis of all kinds, Englisk
an.! French as well. The man who h
relativos a'.iroa<l, righting or at hon
teeaa to think tin I e intries
the ???r are going broke.
Merit?. Loan'? Sole Hone.
"Of course, thin may be because
is les? intellijrent, but, r,n the oth
hand, he may have better ioformati
than we have.
"Then are two ?.Irles to the Ion
I'nrjuestionably it would itimali
linei of commerce in which we are ;
interested, but if it in to go in the W?
it will have to be on Its merits as
straight Investment proposition. Whi
the proposal is put ut> to us we Ct
cago banker! will lay it before 01
boards of directors, and none of i
will know until then what will bo dot
about It It would be only the wilde
' kind of guess to say how much of tl
loan Chicago or the Middle VVeit ari
take."
It may be ?aid that ?he mission i
self ana those who have been dosel
associated with it in the negotiation
in the East are equally in doubt aboil
what part the Wesl will play. Wha
: < regarded as the extraordinarily hand
some yield to the investor, however, o
?.4?) per cent, is expected to carry th
day, and the yield to tin underwritini
syndicate of nearlv ?> per cent will, i
i.? hoped, bring about the co-operatio:
of the distributing houses. It la SI
open secret that the high y i ? 1 ?i to in
vestors vrai determined upon almos
entirely because of 'he attitude of th.
West toward the loan.
"We wanted to run no chance," sai
a member of the mission to-day, "o
the bonds selling at a discount fron
the offering price." And there was ;
hint that lster on s new loan might bi
sought, if the present one wi?
absorbed?
Lament Explains Plan.
At 8:30 o'clock, at the Bii.ekstoni
Hotel, Thomas \\. Lamont. of .1. P
Morgan 4 Co., had met about thirty
live representatives of the hading born
louses of Chicago, including men fron
the bond depart nichts of several of tin
lat.ks. He explained the terms of th?
statement that Lord Reading was ti
give out later, and told of the simul
tar.eous meetings that were occurriiu'
in New York, Boston, Philadelphia ami
Pittsburgh, so that the bankers ami
distributing houses in all those cer.tr>*.
should be able to start simultaneous.?
with the project.
"The plan," said Mr. Lamont, "is, in
effect, to organize the whole country
into separate district-; for im
J, P. Morgan & Co. will have associated
with them si syndicate maaagei
i>* Issuinf houses :n ?he Chicago dis?
trict all those houses and banks lure
that signify their ?lesir.? to take part
in i his operation. The local syndicate
managers in thi? and ail other diet
?trill, in turn, appoint a small executive
committee, which will keep in touch
with New York and with all the other
centres, ?o that the whole plan can be
handled as a unit."
There was a unanimous opinion ex
ietamtmmmeem} ..??.>_.... >>--,..
Ch* ge Purcfces? Mat?. Between Now and Oct. 1st. Billed KmuF
|Bli@&f?tm*&<fc
C^ "?g?? its ??*! s?5? yiflkaAprnur. *A aaj**, ?.? 47? sr$
_?a pr?sure
daiu(
envne \
\cJwrU-Cjoat?-)irop?\
\ ?/oi?n? J?loti?c? \
Juni !
from X/ia fervericiitt iuzrtdtan, Cc?fi<>rie/v
???-'~y^**?_-???.r~^ ??'.q?t"?o?''?>p.?o?*-a..., *<??
ed at the meeting, said Mr. La
mont, that the arrangement to extern
credit to America's customers "to al
low valuable customers to give d?ferre
payments for commodities purti
as one of those present put it w-a
absolutely necessary for the pn
t.oii of the American export trade. Bei
eral of tho;e present spoke of the t'ai
that with so much grain movemen
centring in '"hicigo this whole dii
trict was especially interested in tin
success of the credit.
There is another meeting called foi
to-morrow to put the arrangement ir
te ?hape for the Chicago centre
I' \< expected that an executive com
mittee to arrange for the underwrites
will then be cal I'd.
It was noted that Lord Reading'?
statement referred to munitions ol
war. It was explained that this wai
because there could he no sharp lini
of demarcation drawn between 'hese
and other parchases under the Allies'
it. Anything that tends to stabil?
ize exchange aautomatically makes mu?
nitions' purchases or any other pur?
chase! he-re for tho allied countriei
easier to pay for
Incidentally, it became known during
the afternoon that Jacob H. Schiff, of
Kuhn, Loeb & Co., had told bankers
interested in the loan that ho had
"ti.ken his coat off and was going to
do all he ciu.il." When the flotation
was well under way, he said, the Ger
man opposition would fade away.
It la planned to have payments for
the loan made by subscribers in three
equal instalment, the last probablv to
come on January 16, though this will
depend on the tune it takes to organize
the underwriting iynd cate. The bonds
will be listed not only on the New
York Stock*** Exchange but throughout
the I'niteii States. Because of thi*? and
because of the $100 denominations, it
. is believed that they will be a "peo?
ple's security," a? one banker put it.
with an instant market everywhere In
the t.'nited States.
The mission was entertained infor?
mally to-flay at luncheon at th? Chi*
ch,;" Club hv the r.-ception committee,
which included J. Og?len Armour, head
of the packing Interests and the biggeat
bank share holder In Chicago; Jam??
B. Forgan, president of the Illinois Na?
tional Rank; George M. Reynolds, pras
ident of the Continental and Commer?
cial National Bank, and other well
known bankers and business man. At
the luncheon the mission met a numb?r
of bankers from other Western ci?:??,
most of whom spoke contldently of th?
firm attitude their institution? would
take in supporting '.he loan.
CZAR CONGRATULATES
FRANCE ON SUCCESS
Poincare, in Reply, Says World
Admires Russian Valor.
Paris, Sept. 28. Fmperor Nichol??
telegraphed today to Pre : lent Poin?
care. from the General Headquarter?
of the Russian army, his congratale?
tions on the French succ?s? in th?
Champagne region. He ?nidi
"On learning the news of the great
success won by the glorious French
army I take the occasion to addres? to
you as well as to your valiant army ray
warmest felicitations and most sinctrt
wishes for the future unalterable pros
"perity of France."
The French President replied: "I
thank your Majesty for the felicita?
tions addressed to our armies cu the
occasion of the fine success they ha??
just won with the co-operation of their
allies over the common enemy. I '.?r
your Majesty to accept my warmest
compliments for the mngnircent valor
of which the Russian troops dar.;,
example and which compels the admi?
ration of the entire world."
The New York City
Telephone Directory
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Goes to Press
Thursday, Oct. 14
IF you are planning to have a telephone installed in
your home or place of business, now is the time to
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big fall and winter issue.
Subscribers who desire any changes in their telephone
equipment which might affect their present listings are
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such changes may appear in the new Directory.
Residents of apartment houses equipped with Private
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