Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-01-11
Premier, Lloyd-Geo Not
In Peaceful Mood In Dis
cussing Note.
REJECTION CHARGE
OF BERLIN DENIED
Premier Declares No Peace Terms
Were Offered For Acceptance or Re-
jecton-Entente Allies United in De-
cision to Prosecute War to End at
All Cost-Says Victory Is Difficult
But Defeat impossible.

London. Jan. 11.-Premier Lloyd
George, speaking in Guild hall this
afternoon said Emperor William told
the German people that the entente
allies had rejected his peace pro-
posals.
eve had rejected no peace terms"
the premier said. 1--WE were not
offered terms. but trap baited with
fine words. We all want peace. but
it must be real one"
The premier said the allies believed
war preferable to Prussian domination
over Europe. The allies had, he said,
made that clear to Germany.
The premier said the navy had
strangled the commerce of Great
Britain's enemies and would continue
to do SO despite all the piratical de-
vices of the enemy.
with the proper support at hand
he continued, the armies will cleave
the road to victory during 1917. The
best security for future peace would
be obtained when nations banded
themselves together to punish the
peace breaker"
Victory at All Costs.
The Rome conference was under no
delusons, Mr. Lloyd-George con-
tinued. The whole situation was
probed, the difficulties were faced and
We're made to deal with
them. All the allies felt, he declared.
that if victory was difficult defeat was
The premier said the grim
81 al
recent conference at Rome was that
at all costs they must achieve the high
aim which was before them when they
accepted the challenge of the "Prus-
sian military CASTE to rid the world
forever Of its menace and save
from unspeakable despetism
The retirement of the Turkish en-
pire from Europe also is required. The
terms provide for tho reorganization Of
Europe, guaranteed by stable regime
and founded upon the respective ma
tionalities and full liberty and security
of all great and small nations.
While Alsace- Lorraine and the Ital-
Ian Tyrol are not specifically named,
yet the terms require restitution, Of
territory previously separated from al
lied nations by force or contrary to
the people of these countries.
While Russia's claim to CONSTANT
nople is not specifically alluded to the
Turkish clause is considered indirectly
to mean the replacement of Turkey by
Russia at the Dardanelles. H..
The assurances of Emperor Nicho-
las concerning Poland are also en-
dorsed.
Law Explains New Loan.
Andrew Bonar Law, the chancellor
Of the exchequer, announced at the
Guild hall meeting today that the
basis for the new war loan was an
issue at per cent and price at 50.
The period Of the loan, he stated, was
thirty years, with an option for re-
demption in twelve years. He said
the last payment would be on May 80.
Mr.. Bonar Law said that if the loan
should falkland it would not, he de-
were other methods
which could be applied and the rate
hen would not be 5A per cent.
The military position. the chancellor
said, did not represent the true posi-
ion Of affairs. The Great German
military machine, he declared, was
testing on an internal foundation
which was "crumbling irresistibly be-
ore our eyes"
In his announcement on the war
oan, Mr.. Bonar Law said that invest
nent in the loan would be on better
erms than would be offered in the flu
ure.
There was no limit to the rate of in
crest the government would pay for
money he declared, but so far as he
Gould forecast the future, higher rate
II interest than the present would not
,e paid. rE..-.
The government the chancellor add
ID. was giving an option of a tax-free
Dan at the rate of per cent, issued at
,ar. to be redeemable at the option Of
he state at the end of twelve years.
Foreign holders Of the stock. he an
would not be liable to the in
ome tax.
A sinking fund will be- established in
with the loan. the chancel-
n announced. Each month one
ighth Of the total sum- will be set
side until total of 100000 pounds is
to be used in purchasing
he stock when it should fall below the
purchase price, thus giving stability to
he loan.