Connecticut western news., 1917-04-19
THREE BILLIONS
 NOW FOR ALLIES
Senate Unanimously Passes
 War Loan Bill.
BIC BOND SALE IS NEXT,

FInancIers on Ways to Overcome
 Tremendous Difficulties of Placing
 $7,ooo,ooo,oo0 Without Deranging the
 Whole Financial System of Nation.
 Billion on Market Within a Week.
 The United States is now ready to place $3,000, ,O00.0OO to the credit of the entente allies and to- spend S4 .OOO.O .OOO. GOO toward Americas part in the war against Germany
 The senate unanimously passed the bill authorizing the issuance Of S5.000.- 0OOOO0 worth of government bonds certificates of indebtedness for this purpose. Eighty-four senators voted.
 The signing of the measure will i'm mediately place into operation all the machinery of the government for the floating of the tremendous war time securities. The first alignment of the bonds, probably tOtaling nearly S1,000. 100000, is expected to be placed on the market within two weeks.
 Extensive arrangements already are under way for the sale of the bonds. Secretary of the Treasury McAdoo an nounced that he would call upon the financial leaders of the United States to help the government to dispose of the securities. Conferences will be held with leading bankers of the ma tion to work out a feasible arrange. ment.
 ..< Difficulties Are Great.
 Already tremendous difficulties are looming up. Government officials are frankly concerned over the danger Of serious Reorganization of the nations financial system by the sudden turning loose of such a tremendous amount Of government bonds.
 Secretary McAdoo held a conference with the members of the Federal Re serve Advisory Council, of which J. r. Morgan and other big bankers of the country are members. He asked them to file with him a written suggestion as to how the difficulties in the way of successful bond issue may be overcome.
 Legislation giving the federal govern ment ironclad control over food pro. duction. marketing and distribution and extending the widest authority to the president and his advisers to fix prices and prevent speculative prac. tices will be drafted immediately and rushed through congress, Secretary of Agriculture Houston announced after 8 conference with President Wilson al the White House.
 President to Fix Prices.
 After President Wilson had given ap proval to the proposed legislation Sec. retary> Houston arranged to confer with Chairman Lever of the house az ricultural committee to perfect plans to clothe government heads with the DOW CT they deem necessary to meet war time needs.
 President Wilson will be empowered to wield unlimited authority through the medium of the department of agri. culture to check absolutely any tend ency toward manipulation of prices. Although the law as it is expected to be passed will convey the greatest au thority to fix prices of food products. such power will not be exercised unless war exigencies make it necessary.
 Unqualified support of such a law was pledged by agricultural represent atives of thirty-two states in confer ence with Secretary Houston at, St. Louis. Secretary Houston, returning from this conference, carried with him to the White House assurances of the utmost cooperation by the country's principal farming interests in fulfilling the presidents plea for conservation and increased production of foodstuffs. The governments machinery is ready to be set in motion to carry out the au. thorizations that congress is expected quickly to grant.
 Secretary Houston also haStened plans for the quick enlistment of 2,0O0,- 900 volunteers ill the farm army No one capable of giving military service will be accepted. Houston and his aids are mapping out details to use the farm army where it will accomplish greatest results. The army will be shifted from one section to another in such numbers as are necessary to suit seasonal conditions.
 Labor In War Council.
 AACHIeI LIOyu-0eOTSe OI EIBlduu cd- bled Samuel Gompers, president of the American Federation of Labor and chairman of the labor committee of the National Defense Council, acceeding to his request that British Labor Leaders Appleton and Bowerman be sent to America with the British cooperation commission.
 Delighted to comply with your re- quest" said the British iremier's cable. Two labor leaders and representatives of welfare department of ministry of munitions will leave for America as soon as possible"
 French Ambassador Jusserand dis cussed with President Wilson and Sec retaries Lansing and Daniels details of cooperation and the course to be fol lowed by the French cooperation com mission headed by Minister of Justice IL, VT