The Pound is at 92.35

Today, the easing of exchange rates has been greatly accentuated with the offers of international speculation.

In Amsterdam, in Berlin, where the famous Mendelssohn Bank operates, which, in concert with the Dresdner Bank, took the initiative of the attacks against the franc, as well as in New York, whose Stock Exchange is not yet open at this time, purchases of francs are rushing everywhere. We even expect numerous bankruptcies among the small banks that played into the fall of the franc.
So here is the pound back to 92.35 and the dollar to 21.52.

This result was obtained thanks to the support of the Morgan Bank, whose Francophile sentiments since 1871 have been known. On the other hand, another American group would be ready to grant a new loan, also of one hundred million dollars.

The recovery of the franc is welcomed with joy by America

The fight for the recovery of the franc is followed in America with sympathy. The financial circles who applauded the measures taken in France to support the assault on our currency, welcome with satisfaction the news of the victory won yesterday.

One of America's most eminent economists, Dr. Zimmermann, said "the fall of the franc was one of the most serious financial events that has threatened the financial situation of the entire world." This issue, he added, is as important for the rest of the world as for France itself.

The American press joyfully recorded the rise in our currency,

La Tribune” titles its article: “The Morgan loan reduces the German offensive to destroy the franc to nothing.” Mr. Hearst's newspapers themselves recall that they had predicted to speculators the drop that occurred.

A Solidarity Loan

It is reported that the Morgan House has been inundated with telegrams from banks in all parts of the United States expressing a desire to participate in the action relating to the granting of credits in favor of France, which indicates that the he interest in French affairs is much greater than was generally believed.

One of the most eminent bankers explained that American financiers are willing to extend a loan to the. France because they have the desire, not only to protect the major interests that exist in France, but also to prove their solidarity with France.

Mr. Pierpont-Morgan in France
It is announced that Mr. Pierpont-Morgan, the great banker of the United States, is arriving in Cherbourg today, aboard the “Berengaria”.

The Morgan bank is particularly interested in the defense of the franc and the arrival in France of Mr. Pierpont-Morgan in the current circumstances is significant.