Austria is being lent 130 million dollars, of which J. P. Morgan & Co. will float 25 million in America. Preliminary arrangements were completed in Paris by Thomas W. Lamont, a Morgan partner.
Five months ago the League of Nations gave Austria 24 months in which to recover economic health. The granting of the 130 million loan is evidence of what Austria has done in five months under the Roman Catholic priest who is her leader.
The loan is granted to Austria under the auspices of the League and is guaranteed as follows: by...
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