Tuesday, December 18, 2012

Hungary May Get Loan Here.

New York Times 100 years ago today, December 18, 1912:
Report That Budapest Government Plans to Borrow $50,000,000.
Special Cable to The New York Times.
    LONDON, Wednesday, Dec. 18.— A dispatch from Vienna to The Times says:
    "The Tageblatt reports from Budapest that the long-expected big Hungarian loan is likely to be issued in the United States before the end of the year.
    "Telegraphic negotiations," it adds, "are going on between the Hungarian Rothschild syndicate and the American house of Kuhn, Loeb & Co., which took over the Austrian Treasury bills.
    "The circumstance that the Hungarian Government should be in such urgent need of money as to negotiate a big loan at a cost of approximately 7 per cent. is variously, and not favorably, commented upon in political and financial circles here."

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