As far as the great German public was concerned, the first domestic gold loan (of $50,000,000) raised by Germany since the war was a dismal failure. Only $12,500,000 (approximate) was subscribed. The banks, however, guaranteed the loan up to $25,000,000, and so will be obliged to find about $12,500,000 more. Thus half the loan is assured. It is understood that the Reichsbank will list the balance of the loan on the bourses, and it is hoped that a good part of it will be taken.
The failure of the loan is generally recognized by the...
To continue reading:
or
Log-In
