The Washington herald., 1917-09-15
MAY HAVE $40
Liberty BONDS
La Toilette Offers Amend
ment Making This
Provision.

Subscribers to the new liberty loan
may be able to buy bonds as low as
so The. first liberty loan bonds began
at $50. Yesterday. however, La Fol-
lette, of Wisconsin put an amendment
in the Senate making the bond issue
in denominations of so or some
multiple of that sum-"
The Senate adjourned without TAX
ing any action upon the matter. Had
it had not been for the La Toilette
amendments. the S1l,OOO. 100000 bond
bill would no doubt have been
passed before nightfar. But Senators
agreed that the suggestion of lower
priced bonds was too important to be
dismissed in a few minutes.
Another amendment by la Toilette
makes the bonds redeemable after
five years and payable in twenty
years. He also desires to limit the war
savings certificates and certificates of
Indebtedness to 4 per cent. One moIr
amendment he offered deducts ac-
crued interest up to but not more than
per cent of the principal of sucn
war savings certificates as are pre-
sented for redemption before maturity.
Would Compensate Newspapers.
The main debate upon the bnl
hinged on an amendment by Brady,
of Idaho, which would have paid
newspapers about $5,OOOOOO for ad-
vertising the forthcoming issue. This
first issue by the way will ue
between S3OO0,OOO,OO0 and $4,000, 900, ,OU0
of bonds and war savings certificates,
so said Senator Smoot, of Utah.
A section of the bill now provides
for fiotation of the bonds at one-uUar-
ter of per cent of their value. Brady
wished to stipulate that the Secretary
should use one-fourth of this one
fourth of per cent for newspaper ao-
Vertising. Immediately insinuatIons
that the Secretary of the Treasury
might use this advertising r7Jr
political purposes" were advanced.
Brady replied that never in the his
tory of the world was there so much
free advertising and free assistance
as accompanied the first issue, and
that the newspapers were entitled 10
some compensation this time.
Bankers would use newspaper
space to advertise the issue" he COM
mented.
This brought heated remarks from
POmerene, of Ohio, who said:
II ne only ClaSh IN thlS Dill IS the
newspaper lobby which has been fire.
quenting the marble room for weeks"
Brady hotly denied he had been
"lobbied with
II have heard about pork barrels"
continued Pomerene. Il want to say
that the best newspapers Of the coun-
try are against this scheme. The issue
will be sold without newspaper adver-
tising."
Nardamnn Gives Views.
'I think" said Senator Vardaman,
of Mississippi. that the Secretary of
the Treasury is given authority under
the provisions in the bill to use news
paper advertising If he wants to.
don't see why newspapers, which, as
we know, are business enterprises, are
not entitled to compensation as much
as any one. 1 do not see why they
should give their space free, any more
than any other individuals" Brady's
amendment was defeated.
Senator Hoke Smith, of Georgia,
said that the s2,50O,O00,OOO citizens
aid was an estimate by the Secretary
of the Treasury of the patriotic help
lent by hundreds of people throughout
the country. The publicity" consisted
Of posters. buttons, etc.
1t is expected the bill will be passed
today before noon.