The Monticellonian. [volume] (Monticello, Ark.) 1870-1920, 1917-05-31


,npost in the background
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report came the announcement tint
German submarines had sunk The
British transport Pennsylvania and
French steamer sontay in the Medi-
terranean with the loss of los lives.
Another vessel tarpedoed was an un-
named American steamer of 5000 tons
carrying cargo for Switzerland. The
British admit they are combating the
U-boats only with hard work and in
finite palms." but American Inventors
ire still busy Hudson Maxim said lie
Ind perfected device that would
make ships immune from the subma-
rine peril, and Lewis Herzog an artist.
was said to have devised method fer
painting vessels TINT greatly reduces
their visibility At sea. William Muir
conf who came over with the Italian
war mission, says The Italians are now
using device with which 13 subma-
rines were destroyed in the first three
weeks of its operation.
The first detachment of United
States army engineers reached London
on Wednesday Oh its way TO France.
Two units Of the American hospital
corps also arrived in England.
Doines in Congress.
The house of representatives on
Wednesday passed the greatest war
tax bill in the history of any nation.
1t carries a total of about S1.s70.ooo.-
600 in all kinds of taxes. The vote on
the measure was 329 to &c. There was
bitter opposition to many features Of
the bill, and many of those who finally
voted for 1t said they did SO as mat
ter of patriotism.
The senate finance committee at
once began pairing down the measure
with the intention of reducing the To-
tai yield of taxes TO about 81 100000
coo. planning to raise the additional
$S00000,000 by issues of bonds
The second administration measure
dealing with the control of food and
other necessaries was introduced in the
house by Congressman Lever of South
Carolina. Herbert c. Hoover, select
ed by the president TO be food adminis-
traitor said the bill should make it
possible to eliminate boarding, specula-
ton and waste in distribution.
The chief provisions of the bill are:
l. Prohibits the boarding or corner
ing of the necessaries of life.
. Prohibits Injurious speculation
in the necessaries of life and gives
the president power to regulate or pro-
hibit the operation of stock or grain
exchanges.
3. Gives the president power to fix
maximum and minimum prices on nee
essaries of life in certain instances.
4 Gives the president power to pre-
vent use of grain or food in the manu-
facture of liquor at his discretion.
5. Gives the president power to con-
troll all distribution agencies by means
of licensing.
g. Gives the president power to fix
food and grain standards.
T. Gives the president power To pur-
chase, store and dispose of necessaries
of life in order to break CORNERS" and
otherwise regulate supply and prices.
g. Provides for taking over by the
government of factories, mines, or
plants the owners of which do not COM
ply with the presidents orders.
o. Gives the president power to per-
nit the mixing of corn and wheat flour
and to establish percentage of flour 70
be obtained from wheat.
10 Provides that the president may
delegate any or all of the powers con-
ferred on him by the bill TO any per-
son he may designate,
Liberty Bonds Selling Fast
Public officials. the press and finan-
clal institutions are everywhere COM
bining to push the Liberty loan bonds,
and the demand for those securities
was great throughout the country, and
increased every day. 1t was predict
ed that the bonds would sell at pre-
MUM as soon as the war is over, and
they are already popular with the
small investor.
The treasury department announced
that the S20000o,o00 of short-term
treasury certificates recently issued
had been oversubseribed by at least 80
per cent. This despite the opinion of
j. F. Morgan that they would not be
readily absorbed.
John d. Rockefeller added $25,000,-
600 to the endowment of the Rookie
Teller foundation and the trustees de-
cided that S10000,000 of 1t should be
used for war purposes. On the same
day rise of cents a gallon in the
price of gasoline was announced.
~.~-~~~>.eoee~o-
we'll as numerous members of parlia-
ment. All the way from Brest. at
Laval, Rennes and Charities, crowds
filled the stations and NJ Viviani and
Marshal Joffre received populations of
the principal authorities.
After the official reception was over
NJ Viviani. discussing his departure
from Washington, said: 81 told Presi-
dent Wilson how deeply touched | was
by the manifestations of the sympathy
of the American people. The president
replied simply: we are brothers in the