Evening times-Republican., 1917-05-25
Will Reduce Sum More Than
$5,000,0OO and Raise Diff
ference by Bond Issue.
BUSINESS CAN'T
BEAR ALL BURDEN
Conferees on Espionage Bill Draft
Modified Section on Censorship, Call
ing For Prohibition Of Publication OF
Military Information Only - Japan
Withdrawing Gold From America ---
Another Loan to Britain.

Washington, May 25-Sentiment
among members of the senat" finance
committee considering the war revenue
bill was said today to be strongly IN
favor of reducing the total amount car
ried in the bill as passed in the mousse
from $500, ,000, 900 to about 81, 230, ,O0O,Ooo
and of raising the difference by snort
term bonds. This question was up Tor
determination when the committee re-
sumed its work of revising the Dill.
Most of the committeeman are under
stood to favor the reduction on the
ground that the house levy is too great
burden to be borne this year by busi-
ness. The committee already mas
agreed upon a number of chances IN
the bill and and was expected to con-
slider further revisions today. lndica-
tions are that the committee draft OF
the bill will be ready for the senates
consideration within ten days.
Modified Censorship.
Conferees on the espionage bill have
drawn so-callea modified newspaper
censorship section which will be
brought before congress with the influ-
ence Of the administration for inclu-
sion in the pending bill.
The wording OF the new section con-
fines prohibitive publication exclusive
~ to military information and retains
the provision that a jury shall decide
whether, published information is USE
+fuiSto the, enemy ~. 4
e It is considered much more liber-
81 80, n1.axyinlSlv
posed by the administration.
The conferees also agreed on the SEN
ate amendment to empower the presl-
dent to declare import embargos 1t is
designed to prevent shipments of sup
plies to Germany thru neutrals. The
agreement will be formally presented
tomorrow. a.
Japan Withdrawing Gold.
Japan is withdrawing gold from the
United States at arate which has caus-
ed considerable interest and specula-
tion as to the meaning of the move
ment Approximately SS5,oOo,ooo has
been Withdrawn since Jan. I. Officials
here feel that the movement is not
fully accounted for by the balance OF
trade. The possibility that some of the
other allied government. are paying
their munition bills to Japan with
gold in this country made available
by the extension of credits by this gov
ernment. has been discussed. but it Is
believed that this contingency would
not account for the strong current OF
gold shipments westward.
The gold supply at San Francisco
from which shipments to Japan are
made. has at present reached point
where the government has decided that
the cost of transporting gold across
the country properly should be borne
by the interests intending to ship 1t
out of the country.
Treasury officials under existing
laws have no power to prohibit the
expectation Of gold, but must redeem
gold certificates with gold. The law
provides that this shall be done in
Washington, and the redemption Of
such certificates at sub-treasuriee In
the past has been purely thru courtesy
and for the convenience Of bankers.
It. IS possible the government may dis
continue the redemption Of certificates
lar sub treaauries and redeem 1t only
lat Washington.
Another Loan to Britain.
Another loan Of $75, 100000 was made
to Great Britain today by the United
States. bringing the total loans to that
nation thus far to s4O0, 100000 and the
total OF loans to all the allies to $745,-
900, 900.
payment Of s75,o0o.o00 also was
made to italy today as part Of the
500, 100000 loan announced some time
ago. The italian government already
has received Sc5,000,000 Of the loan.
v:.se..in Urges Thrift
Frank A. vanderlip, president Of the
National City Bank Of New York. to-
day addressed the editors Of about 200
engineering and trade publications
meeting here 70 consider cooperation
with the government during the war.
urging thrift.
1--WE are about to see the greatest
industrial activity the country has ever
known" said Mr.. vanderlip. I'VE will!
see intense activity. but it will be in
the business Of war. We will throw
no one out Of employment but into
situation where two men are needed
instead of one. Men engaged in pro-
ducing luxuries should cease at once
as patriotic act"
Some think economy woulo oe oao
for business" ne added, but no: busi-
mess will be different. It will be
business of necessity. It is un-
patriotic to spend money for anything
but necessities now"
Consider First Food Bill.
h Consideration Of the first administra-
t3on food bill designed to stimulate