Loan

For the first time since the War, French bankers last week participated in underwriting an issue the proceeds of which will pour directly, officially into the German Treasury. Even six months ago talk of this loan was dismissed by French bankers as "fantastic." Through their friends in the Chamber of Deputies they thundered protests, warnings.

Attempts last week to interpellate Prime Minister Laval's Government about the loan brought a smash vote. By an overwhelming majority of 555 to 11 the Government's action in furthering the loan was barred from debate. Never was there better proof of the power of wealth.

Adolf Hitler, with his threat to stampede German public opinion madly against France, has made Paris bankers and Jewish bankers throughout the world think. A little money freely loaned may win much German friendship, may help to draw the dangerous sting of Jew-Baiting Adolf.

After all only $32,000,000 was loaned to Germany last week, at 6 1/2%. England, Holland, Switzerland, Sweden and the U. S. participated with Goodwill Lender France. Manhattan's Lee, Higginson & Co. head the loaning consortium. Jewish eclat is furnished notably by Mendelssohn & Co. of Amsterdam, N. M. Rothschild & Sons.

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