Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-04-30
AMERICAN LOAN
TO BRITAIN AIDS
CITY'SINDUSTRY
Bulk Of $20O,OOO,OOO to Be
Spent in Philadelphia
Belt
WHAT CITY FURNISHES

The 5000 900, 900 loan turned over to the
representatives OF Great Britain by Sec
retary of the Treasury McAdoo on Wednes-
day as the first Of United states Govern
ment war loans To the Allied Powers will
be spent in this country for the release OF
munitions and other supplies already con.
tracted but not paid for And. II s under
stood that large proportion of the $780,
100000 VIII go TO corporations doing busi-
ness In Philadelphia. approximately $780,
be spent in the Philadelphia metropolitan
district for supplies and for wages
1t is reasonably certain that the new
United states loan and the others which
are 10 follow soon TO Great Britain and the
other Allied nations will stimulate new war
orders, as we'll ~ insure prompt payment
for those already under way.
Among the largest Philadelphia firms
which have been doing war work and which
may he expected to share in the payments
to he made from the first loan are the
Baldwin Locomotive Works the Eddystone
Ammunition Corporation, the Remington
Arms Company, the Midvale Steel and ord
nance Company. f., l. du Pont de Ne.
mours Il CO., the John \. Eoebing sons
Company, tie j. q. Brill COMPANY the
Bethlehem steel Company and the Stand
ard Roller Bearing Company
The largest shares of the 5000 900. 900
may be expected to 20 to the Bald.
win Locomotive Works and the Eddys,one
Ammunition Corporation. in the formation
OF which Baldwin's was deeply concerned
The total In orders Of locomotives and
munitions received by the two concerns is
estimated to exceed $3.50 OOO, 900 The share
OF the new 5000, 900 loan to 60 to these
firms probably will reach 1000, 900
The Midvale Steel and Ordnance Company
has received Allied war orders exceeding
500. 100000. Its immediate share of the
United states loan may reach sl2, 900 900 TO
$4,000 900.
The du Pont Company has furnished ex-
plosiNes far in excess OF s300. .000. 900 since
the war began. and its proport ionate share
Of the new payment may easily reach s40,-
100000
The Remington Arms plant, at Eddystone
has received orders for probably 5000. .000..
GOO worth OF munitions. lts share Of the
cash should therefore. be about s25, ,000. 900
Bethlehem Steel. the largest single maker
Of guns and large steel products for the
Allies, has had orders totaling between
$500 600, 600 and s4O0 .000. 200. Its share of
the loan may be almost 100000.
The Roebling plant at Trenton. the Brill
car works. the Standard Roller Bearing
Company and scores of smaller plants in
this vicinity have shared in the allied war
orders. Their shares In the 5000 o00, 900 are
difficult to estimate. but, OF course, will be
small compared to the amounts distributed
among the large concerns. The munition
business has been conducted with more
|
whisky. and may be said TO be equally
thrilling and romantic.
Although there has been much talk that
the Allies have recently caught up in their
race for munitions and would not need the
assistance of the American plants to a
great extent, the assurance Of financial as.
sstance from the United States makes il
certain that the war orders will continue
And the requirements OF this country
itself to equip great army and enlarged
navy will give the munitions makers more
work than they need for months and per-
haps years to come. Philadelphia will not
suffer industrially or financially because
of the United States entrance into the war.
The Philadelphia district doubtless leads
all the country in its ability to furnish the
implements of war and the auxiliary sup
plies needed. 1t would be easier to name
the things this city cannot do than to item
ize the things 1t can do.
Philadelphia can make more uniforms.
hats, undercothes socks and small sup
plies than any other center. and il il one
of the best equipped to supply the heavy
machinery for big gun making, well as
the finest instruments and apparatus used
in shell firing and army and navy maneu-
yering.
The Delaware River banks have great
er shipbuilding capacity than any other
district in the world. both for commercial
and war vessels The equipment of the
Philadelphia Navy Yard to build battle
ships adds greatly to the districts ca
pacty.
Medical supplies leather goods and
canned goods are n few other necessities
of a nation at war which this city can
furnish And the agricultural districts
OF Pennsylvania, Delaware and New Jersey
of which this city is the natural center
are among the country's most fertile spots
The district within radius of forty miles
could easily feed itself without out side aid
while furnishing enough munitions and gem
eral supplies to keep the country in fight
ing shape indefinitely. This, of course
assumes that supplies of raw material for
manufacturing would be imported here
Philadelphia is doubtless the most valu-
able asset the nation possesses at this
time.