Tuesday, February 19, 2013

Won't Lend To Austria.

New York Times 100 years ago today, February 19, 1913:
French and English Bankers Refuse Money for Military Expenses.
Special Cable to The New York Times.
    VIENNA, Feb. 18.— Die Zeit says that representatives of the Rothschild group have been negotiating in the last few days with affiliated financial groups abroad regarding the issue of a 4.5 per cent. Austro-Hungarian loan to provide money to cover the expenditure entailed by the extraordinary military measures taken by the Dual Monarchy in connection with the Balkan crisis.
    Die Zeit adds: "Unfortunately, the negotiations have again shown that the policy of the Triple Entente dominates the Paris and London money markets to such an extent that even those bankers in Paris and London who have a high opinion of Austrian and Hungarian investments cannot act according to their independent judgment.
    "Part of the loan, however, will easily be placed in Germany, though at the present moment Prussia is about to raise $150,000,000. Probably Holland, Belgium, and the United States will also take up part of the proposed loan, but the greater part will be disposed of at home."

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