The Barre daily times. (Barre, Vt.) 1897-1959, 1917-04-09
LOAN
FOR THE ALLIES
President Is Ready to Issue
Bonds Up to Five Bill
lions Within Month
PLAN BIG PROGRAM
OF TAXATION
The Nation Is to Give of It's
Plenty Without
Profit

Washington, April president vii
sons program has begun to take concrete
form, and at the reasscmbling of the Sen
ate and House to-day sweeping measures
viii be put forward for congressional ap.
proval.
As the first step it is planned to give
the entente allies, out of the nations
plenty, an enormous loan to replenish
their treasures against the drain of their
military and naval efforts in the com
mon cause against Germany The pres
ident is ready to issue bonds up to 3d.
000,0O0,000, to float such loan as soon
rs Congress shall authorize it.
That the United States may be ready
If necessary to bear more directly share
OF the actual military burden. the adj
ministration Saturday appealed for ex-
peditious consideration of the war de-
partment bill to raise 100000 by selec
tive CONSUMPTION.
For the important task of conserving
food supplies that the country may sup
port itself and give to the entente the
greatest possible advantage of its broad
agricultural resources, the defense coun-
committee under the direction of Her
bert c, Hoover, who managed the great
American work OF relief in Belgium. At
the same time the agricultural depart
ment again appealed to American farm
ers to do their share i'll the war by max
ing every farm do its best for the coun-
try.
The proposal for bond issue to make
possible a monumental credit for the al
lies already has been approved by some
Democratic and Republican leaders in
the Senate and House. and the admins
ira ton expects it to be presented formal
~ in Congress within a few days and
approved by the end Of the week.
Some details remain to be worked
out, but it is hoped loan OF possibly
SO .000, 100000, to be extended without
American profit, will be available within
three weeks or a month at most.
After the bond authorization has been
passed the administration will urge spe
eial taxes and other revenue raising
measures, and then will come the army
bill, on which committees will be at work
while revenues are under consideration
IN the floor of the two houses.
Saturday Secretary Baker explained
he army bill to the House military com
nittee and presented the presidents ur
rent request that it be approved with |
he selective CONSUMPTION feature and
without unnecessary delay The secre- |
AIRY emphasized that the administra-
ion, on the expert advice of the general |
taft and in the light of lessons OF the
resent war, was convinced the nation |
ould accept its responsibilities only |
through the compulsory system. He in
heated, however, that there was no
bought of sending an army to Europe
t least until the staff plan for year
t training could be carried out.
The president expects Congress to fall
n line quickly behind the war plans,
Torked out by the executive branch of
he government in months of prepare
ion. Should delays develop in commit
ee consideration of the revenue and
rmy proposals, however, there are many
ssser measures which could be pressed
head for passage.
The House naval committee already
as under consideration and expects to
eport this week three bills to strength
n the naval establishment One would
rovide for graduating the third-year
ass of the naval academy in May of
ext year. Another would give the pres
lent the right to commander small
oats for the coast patrol and the third
ould allot an additional naval academy
Dpointment to each member of Congress.
ersonnel increase measures, which con-
,mplate the addition of $4,000 bluejack
IS and 1900 marines, may be taken up
so during the week.
In addition, Congress will be asked to
ass espionage and censorship bills, to
rengthen the powers of the shipping
BARD, to revise the federal reserve act
nd to adopt many other measures to
/ up gaps in the national defense plans
ost of these measures already are in
ape for the consideration Of Congress,
4 which win rest during the next few
eeks the responsibility for rounding out