The Wisconsin tobacco reporter. (Edgerton, Wis.) 1877-1950, 1917-04-13
7 BILLIONS WILL
Be U. S. CREDIT
That Is First Item Arranged
for War.
s5,OOO,OOO,OOO FROM BONDS

100000, 900 Will Be in Short Time
Paper to Be Met by Revenues-$3,.
0OO,0oo,00O to AIlies-France to GET
Largest chunk-kitchin Lines Ur
for Wilson Plan.
WASHINGTON, D. G. - Seven bill
lion dollars in national securities will
be the first "war credit" arranged by
the United States government, accord.
ing to a determination reached by the
committees on ways and means of the
house of representatives.
Following a discussion which ex.
tended throughout the day and in
the course of which no partisan line
of cleavage developed but Democrats
and Republicans worked as members
of the one great American party, the
committee decided to report bill au-
thorizing the issuance of $4,000, 000,-
900 worth of 31a per cent twenty-year
gold bonds and $2,000,O0O,OO0 worth of
certificates of Indebtedness bearing
the same rate of interest but running
only single year.
$2,00o,00O,0O0 Out of Revenues.
It is the anticipation of Chairman
Kitchin of the ways and means com,
mittee that the elimination of the IT.
debtedness of $2,000,000,000 as evil
denced in the proposed certificates
will be taken up by taxation in the
course of their year of life. This
means that the committee must ap-
proximately double the present in
come of the federal treasury.
Of the $5,000,000,000 bond issue
three billions will be devoted to the
purchase OF the government bonds Of
the Entente Allies. 1t is not believed
that the bill authorizing the issue
should specify which of the potential
allies of the United States snail re-
ceive this stupendous credit or in
what amounts it shall be allotted
among the various belligerents ar
rayed against the common enemy. But
it is known that by far the greatest
fraction will be loaned to France, GER
tainly one billion and probably one
and one-half billion. Russia and Italy
will receive also certain allotments.
There will be no probable need for the
assumption of any part of Great Bri-
tain's credit at this juncture.
Kitchin Lines Up for Wilson Plan.
Chairman Claude Kitchin of the
ways and means committee, returned
to Washington. He sat with the com
mittee for the first time since the dec
1aration of war against the Imperial
German government to which in the
house he had voiced opposition. Chair
man Kitchin, by his attendance on the
committee, set at rest the allegations
that his opposition to the declaration
of war would be given further evil
dence through opposition to the bond
issue.
Many Oppose CONSUMPTION.
Selective CONSUMPTION was opposed
by several in the senate debate.
81 have very grave apprehension re-
specting this idea of CONSUMPTION, as
to whether it will appeal to the PEG
pie of the United States" said Sena.
tor Gallinger, the Republican leader
'I do not know, however, if we can
raise a volunteer army unless we emu
late Canada in paying our soldiers
We should tell our young men that
we are not asking them to fight our
battles for a paltry SIS a month There
ought to be a more liberal policy to
encourage enlistments, which have
not been very satisfactory"
Berlin Forces Austrian Break.
WASHINGTON, D. C.-Austria has
ranged herself beside her ally, the I'm
perial German government, against
the United States. Relations between
the United States and the dual mon
archy have been broken, and a prac
tical state of waT between the two ma
tions exists. Within a few hours after
the state department had been formal
~ notified that Austria had withdrawn
her diplomatic representative, federal
officials seized all of the Austrian
owned ships war-bound in American
harbors. Official Washington declares
that the ally of Germany will undoubt
edly accept these seizures as an 'sact
VI war anu CHdL al ACTUAL CLASH De
tween the two countries is apparently
inevitable.
War Declared on Good Friday.
WASHINGTON = Americas de
ciSion to war for humanity came or
Good Friday-anniversar of the day
on which Christ died for humanity
While a storm ragged outside, the wine
whipping about the Capitol and rair
pouring down through the darkness