The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-04-15
HOUSE AUTHORIZES
ALLIED WAR LOAN
AMID GREAT ENTHUSIASM SEVEN.
eILLlON-DOLLAR REVENUE
MEASURE is PASSED.
SENATE WILL PASS IT
Little Opposition Exp' tied When the
Measure is srouqI - in Senatorial
eody-Provide' ~ s-BilIiOn-DolIar
Loan to ent' ~ Lies.


Wa - Il, April 14.-Without a
dis s voice, the house, amid
and with the galleries filed.
! Today passed the seven-billion.
doIar war revenue authorization meas
ure. One member, Representative
London, Of New York, the only So
cialist in congress, voted present 4"
Owing to the general pairs and alb
sentees only 1863 votes were recorded
for the bill, but both Democratic Lead.
er Ktchin and Republican Leader
Mann announced that all of the mem
bers would have voted afflrmatively II
they had been present The formality
Of roll call would have been dis.
pensed with if several members who
voted against the war resolution had
not insisted upon having the opportun-
ity OF recording themselves in favor
of providing money to carry on hostli-
ties, now that the nation is at war.
Three Billion TO Allies.
The bill authorizes five billion dol
lars in bonds of which three billions
will be loaned to entente countries,
and the issuance Of treasury certiii-
Gates for two billion dollars ultimately
to be met by increased taxation. Pass
age Of the measure never was in doubt
during the two days it was under con
sideration to house and favorable ac-
tiOn by an overwhelming vote is assur
ed In the senate, where it will be taken
up Monday. 1t probably will be signed
by the president by the middle of next
week.
Discussion in the house was confn
ed chiefly to proposed amendments.
Five Of these were added, four of
which were agreed to by the ways
and means committee and none OF
which materially changed the intent
of the bills trainers. The two most
important amendments drafted by Rep.
resentatiye Lenroot, of Wisconsin, and
accepted by the committee, would con-
fine the proposed -billion-dollar
allied loan to countries at war with
Germany and permit loans only during
the war.
Others would prohibit the sale of
United States bonds at par, permit the
purchase of foreign bonds at par, anc
limit the cost of disposing of the FIVE
billion dollars worth of bonds to one.
tenth Of one per cent of their total.
Proposals to limit the life of the
bonds to fifty years. to create a con
gressional committee to act with the
secretary of the treasury and the presi-
dent in disposing Of the bonds. and
other proposed amendments were
overwhelmingly defeated Democrats
and Republicans alike declared they
were satisfied to leave the details to
the secretary and the president
Towner Amendment Suried.
Any doubts that may have been en-.
tertained as to the popularity OF the
proposed loan TO the allies we're swept
away with the voting down, 2l7 to g.,
OF a proposal by Representative Town.
er made at the outset of the session
to strike out the threehillion loan fea-
ture with view 10 having It author.
lied later with provision for congress
ional participation In administering it,
Mr. ToWner was not opposed 10 the
loan, but ne drew the fire of the bills
supporters quite as much as Il he haG
been
Representative Rainey, of Illinois
ranking Democratic member Of the
ways and means committee, aroused
the floor and galleries to cheers by
teryently denouncing the proposal and
picturing France, a friend in need OF
the United States, suffering while con.
gress Qulbbled over the terms Of the
loan.
Chairman Simmons, Of the senate
finance committee will take the bill
up with his committee Monday and
since there is no opposition to it he
expects to report 1t to the senate at
once Leaders expect TO keep It In
the unfinished business until passed.
There will be no great opposition on
the floor. although there may be some
debate.
Consideration OF the ways of pro-
ducing new taxes TO meet In whole or
In part the treasury certificates for
two billion dollars viii begin In the
ways and means committee next week.
Speeches by Republican Leader
Mann and Representatives Rainey OF
Illinois, Fitzgerald of New York and
Gardner of Massachusetts urging full
adoption of the broad features of the
Administrations plan were roundly ap-
plauded
Towner explained he did not think
power should be- vested In the secre-
tary of the treasury and the President
alone to manage the loan without more
assistance from congress. He declared
he was not opposed to the proposed
loan itself
Supporters of the bill, however saw
In the result OF the vote on Towner's
proposal a test OF their strength and
they worked with teryid and patriotic
argument
France llO years ago, when our
credit was gone, declared Representa-.
tive Rainey amid applause, LOANED us
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