The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1917-04-19
Largest War Budget
in History Of World
(By Associated Press.)

vestors in the country rather than
placing large blocks of bonds with
financial institutions. The denomin-
atoms of the bonds are yet to be de-
termined, but there is strong likeli-
hood that they will be issued in de-
nominations as low as $25 so that per-
sons of small means may be permitted
to subscribe.
while these amounts are large"
said Senator Shafroth, discussing the
measure in the senate, land this the
greatest appropriation of money ever
MADE In the history of the world, there
are things to come out of this war that
will make us satisfied with out votes
today"
Senator Borah said in his judgment
the country could well have provided
| for raising more of the money by tax
| alton and less through bonds, particu-
| larly because he considered that this
was but the first step in the way of
| mourning indebtedness. He added that
he was opposed to the 100000 loan
to the allies and would vote against II
| If he could have the opportunity to
| vote on 1t separately.
Although endorsing Senator Borah's
| view of the loan. Senator Cummins
said he would however. vote for the
bill.
Il would vote for any measure" he
said, giving strength to the United
| States to carry on this conflict. / was
| reluctant to declare war, but now that
we have 1t ought to be carried on to a
energetically as possible. No sacriace
of money or life is too great
II am willing to give to any of the
| allies the money they need to carry on
our war. for 1t is our war now. would
! give it freely just as would equip an
| army. But I shrink from the conse-
| quences that will flow from this loan.
do not want the United States to be
the bond creditor of any foreign power.
do not want to enter the entangling
alliances which possession of these
foreign bonds will entail. fear that
United States has bonds of these coun-
tries, all of which will be bankrupt at
the wars close, will create enbarrass-
ment which men of that time will find
difficult to overcome.
We should give our money in a
generous and patriotic spirit for the
allies to 90 anything we are not now
Sen. Hoke Smith insisted that the
allies did not want gift from the
United States to maintain their armies
and ships.
Six billion dollars in bonds and
favored by Senator Calder, who said ne
feared further increases in taxation
might seriously impair industry. The
proposed issues, stupendous as they
for the American nation, said Senator
McCumber. "Also remember that blood
Is being poured out in unstinted meas
ure while as yet we cannot give any
soldiers" he added. I'VE ought to be
liberal in spending our money when we
can take no part in the real battle"
Senator Kenyon, of Iowa, also said
he hoped the vote would be unanimous.
This bill is waking up the American
people," he said. 1T demonstrated no
half-heartedness in this country, no
dillydallying because our action must
be speedy TO be of avail. This tremen-
dous sum staggers us but 1t will stag
ger the enemy. too. 1t will cause the
American people to realize the stupen-
dous task we have undertaken"
Referring to the proposed loans to
the allies, Senator Kenyon said he
hoped France would never be asked to
repay, because, I'VE owe more 60
France than we can ever repay
Senators Vardaman of Mississippi
and Kirby of Arkansas, both of whom
have opposed recent administration
war policy measures, announced they
would vote for the bill.
Senator Sterling OF North Dakota
declared that the United States could
not render more effective aid than by
money. He advocated a gift of $25,-
100000 to aid the allies in caring for
the Belgians.