Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-01-11
Premier Lloyd George Not
In Peaceful Mood In Dis
cussing Note.
REJECTION CHARGE
OF BERLIN DENIED
Premier Declares No Peace Terms
Were Offered For Acceptance or Re.
jection-Entente Allies United in De-
cision to Prosecute War to End at
All Cost-Says Victory Is Difficult
But Defeat Impossible.

London, Jan. 11.-Premier Lloyd
George, speaking in Guild hall this
afternoon; said Emperor William told
the German people that the entente
allies had rejected his peace pro-
posals.
eve had rejected no peace terms -
the premier said. 1--WE were not
offered terms, but a trap baited with
fine words. We all want peace, but
it must be real one"
The premier said the allies believed
war preferable to Prussian domination
over Europe. The allies had, he said,
made that clear to Germany. .
The premier said the navy had
strangled the commerce of Great
Britain's enemies and would continue
to do so despite all the piratical de-
vices of the enemy.
with the proper support at hand
he continued, the armies will cleave
the road to victory during 1917. The
best security for future peace would
be obtained when nations banded
themselves together to punish the
peace breaker"
Victory at All Costs.
The Rome conference was under no
delusions, Mr.. Lloyd-George con-
tinued. The whole situation was
probed, the difficulties were faced and
arrangements were made to deal with
them. All the allies felt, he declared,
that If victory was difficult defeat was
impossible. The premier said the grim
resolution Of the entente allies at the
recent conference at Rome was that
at all costs they must achieve the high
aim which was before them when they
accepted the challenge Of the "Prus-
sian military CASTE" to rid the world
forever Of it's menace and save
Europe from unspeakable despetism."
The retirement of the Turkish en-
pire from Europe also is required. The
terms provide for the reorganizatioe of
Europe, guaranteed by stable regime
and founded upon the respective ma
tionalities and full liberty and security
of all great and small nations.
While Alsace Lorraine and the Ital-
ian Tyrol are not specifically named,
yet the terms require restitution, of
territory previously separated from al
lied nations by force or contrary to
the people of these countries.
While Russia's claim to Constanti-
nople is not specifically alluded to the
Turkish clause is considered indirectly
to mean the replacement of Turkey by
Russia at the Dardanelles.
The assurances of Emperor Nicho-
las concerning Poland are also en-
dorsed.
Law Explains New Loan.
Andrew Bonar Law. the chancellor
Of the exchequer. announced at the
Guild hall meeting today that the
basis for the new war loan was an
issue at per cent and price at 95.
The period Of the loan he stated, was
thirty years, with an option for re-
demption in twelve years. He said
the last payment would be on May 80.
Mr.. Bonar Law said that If the loan
should fal--and it would not, he de-
clared--there were other methods
which could be applied and the rate
then would not be 5A per cent.
The military position, the chancellor
said, did not represent the true posi-
ton Of affairs. The Great German
military machine, he declared, was
resting ON an internal foundation
which was "crumhling irresistibly be-
fore our eyes"
In his announcement on the war
han, Mr. Bonar Law said that invest
ment in the loan would be on better
terms than would be offered in the fu-
ture. :
There was no limit to the rate OF in
terest the government would pay for
he declared, but so far as he
could forecast the future. higher rate
Of interest than the present would not
be paid.
The government, the chancellor add
ed, was giving an option of a tax-free
loan at the rate Of per cent, issued at
par. to be redeemable at the option Of
the state at the end Of twelve years.
Foreign holders Of the stock. he an
nounced, would not be liable to the in
come tax
A sinking fund will be- established in
with the loan, the chancel-
l,r announced Each month one
eighth Of the total sum>will be set
aside until total of 100000 pounds is
to be used in purchasing
the stock when it should fall below the
purchase price, thus giving stability to
he loan.