The Bridgeport evening farmer., 1917-04-04
WILSON AND CABINET, PLEASED BY RECEPTION OF WAR MEASURE, PUSH
 ARMY-NAvY PREPAREDNESS PLANS

right gift of money to France as a mark of American appreciation of French help in the past. The plan which appears to be most attractive to the Administration contemplates, it Is said, the issue of United States bonds and the employment of the money obtained from their sale in purchase of war bonds issued by the allied governments There is a big financial problem in this.
 While at first glance it would seem to be an easy matter for the United States governent to issue bonds drawing the low rates of inter- est usual on American governmental loans-3 per cent. being a good rate and use the proceeds of the sale in buying French government bonds at 5 per cent, thus insuring it a profit. the tendency of this practice would be to force investors to show preference for the French bonds. As a result the United States per cents. would not be successful probably. The problem is expected to be worked out soon in a satisfactory way.
 There is also to be the closest CO., operation between the military forces of the United States and those of the Entente governments as soon as a state of war is formally recognized by the United States.
 Need $3,O0O, O,OOO,OOO..
 AS for raising additional revenue ao carry on the war, nothing can be ao- complished until Congress had adopt ed the, pending war resolution and NF Adoo have had the opportunity of consulting the leaders of the House, the body in which all measures af- fecting the revenue must originate. In his address to Congress the Pres. ident said the measures he recom- mended would involve the granting of adequate credits to the government, sustained, hope, so far as the present generation, by well-conceived taxa. |tion." According to the understand ing of we'll informed Congressmen, the government will need credits of about three billion dollars ten days after war has been declared. This amount will be intended to cover al! manner of expenditures, including the purchase of ships for transportation ments, the equipment of the greatly increased land and naval forces, the purchase of ships for Transportation and naval auxiliary purposes and per- haps as much as 100000 for inn proving and extending the coast de- lenses and the defense of the Panama Canal.
 No decision has been reached by the government as to what action shall be taken with reference to the German merchant ships which took refuge in American ports at the outbreak of the European war. Decision appears to depend, according to the guarded statements of officials, on the interpre- tation placed on the existing treaty between the United States and the Prussian Kingdom for safeguarding the rights and property of the na- tionals of one country in the territory of the other in case of war. One prob. lem involved is the disposition of the crews of the German vessels in the event that the ships are taken over by the United States.
 As the President said in his address there is no desire to act otherwise than kindly to German subjects in the United States, and it is understood that this principle will be applied to the German merchant sailors of the refuge ships if circumstances will per-