Bisbee daily review., 1917-04-10

at the governments disposal, will
 be accepted. Assistance also will
 be sought of federal reserve
 banks, national banks, state
 banks, insurance companies, pri-
 Vate and investment bankers and
 of every governmental agency,
 such as the internal revenue off
 ces, and the postoffices, in floating
 the issue.
 Mir. McAdoo also announced that he would take the benefit of the coun- sel of the most experienced bankers and investors of the country as to the best means of making the offer a pro- nounced success"
 In S25 Pieces
 The terms of the bonds are yet to be decided upon, as well as the de- nominations, but it is likely that there will be little change in the plan to is use them in denominations as low as $25. Once the authorization is grant ed, it is possible that the big issue will not be placed before the invest ing public in one lump sum, but will be issued from time to time as the money is needed. Temporary certifi- cates, as usual. will be issued at first to be redeemed when the government will have had time to engrave the bonds, task of no mean proportions.
 Morgan Meets McAdoo
 Mir. McAdoo conferred today with Representatives Rainey. Longworth and Moore, and with Senators Pen rose and Hastings in addition to other representatives and senators with whom he had conferred before regard ing the issue. J. P. Morgan, in Wash ington on other business for a few hours. paid a five minute call on MT. McAdoo. The bond issue was dis cussed incidentally, if was said, and Mir. Morgan remarked that he thought the country was in a condition readily to absorb large issue.
 Here's Program
 Mir. McAdoo's formal announcement of the program. made at the conclusion of day of conferences, reads as fol- lows:
 "The administration will ask con- gress for authority to issue S5,000, ,000.- 900 dollars of government bonds to meet the situation created by the war with Germany. The proposed bonds will be exempt from taxation and bear interests probably at three and one half per cent per annum. Two billion dollars of these bonds will be required to finance, in part, the expenditures involved in the proper organization and preparation of the army and navy and the conduct of the war generally. Of course. large amount of addition al revenue will have to be raised by taxation, but this part of the problem is under consideration by the ways and means committee of the house of It will naturally take a reasonable time to discuss and agree upon the new items for taxation. which should not and. am confident will not become the subject of par tisan treatment
 Three Billion to Allies
 Three billion dollars of the pro posed issue of the bonds should be used 10 supply credit to the govern ments making common cause with us against German to enable them to se- cure essential supplies in the United States and carry on the war with in- creased effect.
 The most serviceable thing we can do immediately for the common cause is to furnish credit to these foreign who in conjunction with us are fighting Germany. This finan- cial aid ought to he extended at the earliest possible moment. It will be trebly valuable and effective if extend ed now.
 The purpose is 10 purchase the ob- legations of the foreign governments to which credit is given-such obli- gation to bear the same rate of inter est, and in other essentials. to con- tain the same terms and conditions as the bonds of tho United States
 Want All to Subscribe
 The bonds of the United Staten will be offered as great popular loan and the widest opportunity will be siven
 Continued on Page Two)