Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-04-11

Washington, April 1.-THE adminis-
tration bill authorizing $5.0O0,00O. 900
! bond tissue, of which $3,O0O,0OO,0OO will
! be loaned to the entente allies, was
laid before the house today as approved
by the ways and means committee with
prospects of prompt approval by con-
gress. The bill also contains a pro-
| vision which gives the secretary Of the
treasury authority to issue as needed
$4,000, 100000 in one year treasury
notes to anticipate the tax receipts
which will result from the war revenue
bill 4
The war financing bill was unani-
mously reported for passage in the
house by the ways and means COM
mittee
To BE Considered Friday.
| Chairman Kitchin, introducing and
reporting the bill to the house an
nounced that lit would be called up
Friday for action II
The bill authorizes a bond issue Of
Is, ,0O0. .00e. .000. provides that not to ex-
ceed $4,000. .0O0. 900 from the proceeds OF
the bonds may be used in extending
credits to foreign governments. The
remaining $2,0o0C0O,CO0 is to be used
at home. 1t also authorizes an addi-
| tional bond issue not to exceed $685.
| 945, 460 to redeem the three per cent
loan of 1908, maturing August /, 1918.
1t takes in provision for other bonds
already authorized by law and author
ICES $4,000, 100000 worth of certificates
| Of Indebtedness to run one year
The report on the bill states that the
! committee deems it advisable to au-
| thorize the s5,0OO,0OO,0O0 bond issue at
this time in order to raise ample funds
to meet such expenditures as are au-
| thorized for the national security and
| defense
Interest is not to exceed 3h per cent,
| and the bill leaves the denominations
Of the bonds to the discretion Of the
secretary of the treasury If at any time
prior to Dec. 81. 1918, a subsequent se-
ries of bonds are issued at higher rate,
| bonds issued by this act may be- con-
verted into bonds bearing the higher
| rate.
Idaho State Subscribes.
! Secretary McAdoo today sent tele-
gram of appreciation to Governor AL
| exander Of Idaho. who had notified him
| that Idaho thru its board Of land COM
missioners had voted to subscribe to
| 100000 Of the new war loan and
pledged the entire resources of the
state to the government. McAdoo's s
Telegram follows:
! II thank you for your telegram. The
pledge given by Idaho Of her entire re-
sources to the national government for
! carrying on the war and the patriotic
purpose OF the state to subscribe $780,
! 900 to the proposed bond issue are
gratifying manifestation OF the loyalty
and splendid spirit that are moving
America. am sorry it will not be
j possible to consider the subscription
until the bonds are authorized by con-
gress. I hope you will reepat the Offer
Of the state to subscribe at that tine
Wilson confsrs With Leaders.
President Wilson went to the house
Of representatives, today for confer
ences with Speaker Clark and other
leaders on the war program.
| Democratic Leader Kitchin, who will
pilot the war revenue measures thru
the house, was summoned byf the pres
ident, the speaker and Mr.. Kitchin en-
tered into a conference.
A resolution authorizing the rresi-
dent to call for 1000, 900 volunteers was
introduced today by Representative
Sherman, republican, and laid on the
table at his request.
Nations Exchange Views.
There have been conferences between
the American military and naval at
taches in London. Paris and Rome and
Petrograd with the military and naval
authorities Of those countries. There Is
now in. Washington British military
and naval commission, which Il in con-
lstant conference with the United States
military and naval authorities; and the
1 military and naval attaches OF the allies
likewise are exchanging views and In
formation with the Representatives OF
], this government.
The deliberations naturally require
time. It Is deemed better. however. to
move slowly and determine upon the
methods that will gain the best results
rather than hastily and cause confusion
which may be harmful.
Z, (, pAssags 10 Assursd. i5
Representative Kitchin assured The
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