The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1917-05-02
S100,000,000
EACH FOR ITALY
AND THE FRENCH

WNSH1NITuN. May l.-~Th" amount
. -: III" FIRST i"auS /" Franc" and lftlE.
Secretary NcAd"" announced i'uith'
Wi hr $i"n. nnu. ",'n each They will ~
made Immediately !" meet the require
. mcnts Of those CounrricS"in May. Th"
inst Instrument about 5000. 900 Of the
Italian. loan probably viii De- made TO-
morrow.
4 loan to Russia will he made. Mr.,
Nr.Aduu stated and th+. loan IL i'rl-
GUM is under cunsiLcrutioIi
Announcement OF The first Offering OF
hruds under ihc war flunnr" law. Mr..
! Mc.\,in" said. had been delayed because
H.. needs at tn" Allied governments
have not yet h"cn sufficiently Developed
! Ia form Il in;u program. Discussions
| have reached stag" however. where
the seize and uIh.r, terms ni In" first
offering Of bonds virtually hay" k"rn de-
"idcd upon. and announcement C"ncrru-
ing th"m IS expected before the rnd Of
the week.
Serbia Applies.
1t was learned HuthuritatiVcly tonight
| that in addition IL the chief Allied ma
tons. Serbia has made application for II
loan and HAT the application is under
consideration.
The Expected announcement that an.
, other block nj treasury certificates would
be- offered through the federal reserve
hunks ais" WAS made ny Secretary Me-
Adoo tonight. Tho offer will be- made
at once. Tn" certificates will mature
July II. will bear interest 1T the rate OF
three percent and viii. bo convertible
Into bonds. The size of the offering was
not announced but it is understood thar
II will approximate S2nn. 100000.
Ii was infatuated also that Mr.. Nc
Adoo would adopt the suggestion of the
federal reserve board that blocks Of
certificates hc offered two weeks during
which might result upon the money
! markets from withdrawing at once d
huge sum OF money for subscriptions
to the big bond issue.
Should this program be adopted. at
least 1000 100000 will be obtained by
the issue OF treasury certificates prior
10 June 80. The sum may reach $1,000
100000.
Only the Beginning.
With lnnnS i'll France and italy con-
Summatcd. the government will have
! advanced Si0u.00O.nun TO the allies. This
| is only the beginning Of what will have
| to II" advanced To meet allied needs be-
! fore the end Of the fiscal year. June 30.
OF bonds PROBABLY will hc available.
There remain the contemplated loans To
/! Belgium. Russia and other allies. other
| loans to Great Britain 10 meet British
mated at from s301. O0O.OOo to $780,
n0n.rOn. and loans 10 meet the needs OF
! France and Italy for June. unofricially
+! placed Mt $@01.n00.000 more.
Indications point 10 Inc conclusion
! that the United states will have adj
vanced the allies appro ximutc!y Sl.21n.-
! N0n. 600 before the proceeds Of the first
Offering OF bonds are available.
There will be no disposition on the
| part of the government To question the
ability OF the smaller nations to meet
the promises TO repay the sums loaned
! them. The money will ne placed where
| IL is believed il will he most effective in
| lighting Germany. Whether it will he
| repaid h. the smaller nations to whom
| loans were advanced is. as an Official
| Expressed il tonight. "a chance We ell
have to take In our fight for denoc-
| raCv"