The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1917-04-19

Washington, D. C-rhe largest
single war credit in history will be
at the disposal CT the administration
as soon as the House approves the
Senate amendments of the seven bill
Lon dollar war revenue bill. This may
be today
The measure was passed by the
Senate last night b. unanimous
vote. Eighty four senators in all
We're present. OF the twelve absent,
all We're i'll.
The bin will be rushed to President
Wilson for his signature as soon as
the House approVes c'msaspre in
is amended form.
To Consul sinancicaS.
Treasury officials. anticipating the
action OF the House ON the bill, be-
gan today TO work on the policy to
be employed in issuing the bonds.
Secretary MeAdoo will seek the adj
vice of the leading financiers of the
country in regard to the best means
OF floating the issue. To that end he
has invited suggestions from mem
her5 q the advisory council OF the
federal reserve board.
Amendments adopted by the SEN
ate include provisions:
Limiting deposits of proceeds from
theD onds IN banks TO the amount sub
scribed by the banks and their de-
positors: pcrmittingd eposit of pro-
ceeds in state banks and trust com
panies as We'll as federal reserve
banks. providing for exchange by
sn nC Of u
for bonds subsequently issued, dur
ing the war, a. higher interest rates;
requiring the secretary OF state to
report expenditures of the bond pro-
ceeds, Dec 3 and annually thcreaf-
tel and eXemptne tlle S2,00,oGo,-
00e of treasury indebtedness certiii-
Gates authorized from all taxation,
except estate and inheritance leyes.
No SCmpromi-" Possible.
While the two committees were
acting President Wilson WAS AT the
capitol comforting with Senate lead
ers en- the administration war mea-H
sures, particularly the army bill.
The president told senators hes
would consent t@ no compromise be 4
cause the wan department export I
after careful examination and dis
cussion had decided shat selectves
was the only eftectives
way OIL raising q strong army I
The president was assured thatR
the majority Of the Republicans mt
the House wcra supporting his plan
The vote in tho House committee
threw the situation into confusion
Opponents of the eonscription nm
ma nl II i,
ments with which to carry on The
fight
a senator on the committee saic 1
that The war department estimates
estimates that ii the measure passes
be ms 100000 men viii be in train
ing camps BY AUGUST 1
Army Eill Now Up.
Washington, d. c. The admins
tration bill 10 raise a big army. main
ly by selectiye conscliption, wa
ready TO be reported to the Senate to
day by the military committee an
all the force of the administrations
Will be employed 10 urge its earlNs
passage in both houses.
The president and his advisers re
gard further delay in pas ing the bil1k
as threatening serious handicap IL {
the war with Germany and effort
probably viii be made TO force theE
fight by the opponents of conscrip
ton into the open, so the public ma 1
judge the merits of their contention
Strongest objection to conscriptiol
comes from ouse Democrats who ia
vor the volunteer system To these
the administration is prepared til
point out that thea rmy general stat
plans are for absorbing 100000 vol
into the regular army an{
the national guard for the period o /
the war {
hTe committee Yesterday voted ia
vorably on the selective draft provis
ion.
Committee Hits Conscription.
Opponents of the selective con
scription got the upper hand in tn
House mf!ltany committee this morn
ing and it voted 12 to s to have thu
II VII fp