Peking, June 5.
It has been persistently reported here for several weeks that Wu Pei-fu has attempted through a representative to negotiate a loan from the American Banking Group as represented by Mr. Stevens, but has failed to do so because Mr. Stevens was unwilling to discuss the proposal through the alleged representative. Thereupon Wu Pei-fu, angered,. said that he would have no more dealings with the Consortium while Mr. Stevens represented the American Group. It is rumoured in sequel that British bankers are considering Wu Pei-fu's offer.
These stories, which have also been cabled-abroad, are founded on no fact known to Wu Pei-fu wno flatly denies desiring or suggesting loans, saying: "I have been loudest in protests against, loans, internal or external; and how, therefore, can I consistently approach the Consortium with such proposal I can conceive of myself approving no loans except those for constructive purposes and these only when arranged by a_ representative
Text read from the printed page and cleaned; old type leaves the occasional error.