Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1917-04-17
WAR FUND MEASURE
APPROVED BY SENATE
FINANCE COMMITTEE
Favorable Report on $780,
100000 Bond Bill Is Reach
ed With Little Discussion
and No Opposition

WASHINGTON, April l6-With lit
tie discussion and no opposition, the
senate finance committee today reported
favorably the $1,000. 600, 900 bond bill.
The bill will be rushed through the
senate tomorrow to make available the
food of gold, Senator Simmons said.
Only three minor amendments were
added to the bin as it came from the
house.
One. at the suggestion of Secretary
McAdoo, was adopted. 1t provides that
the money from the sale of bonds may
be deposited in non-members of the
federal reserve and also trust COM
panies.
Another amendment expressly pro-
vides that the treasury certificates are
exempt from taxation. A'small change
i'm the title was the only other amend
ment. The words and for the purpose
of assisting in the prosecution of the
war" were inserted.
The senate stopped it's morning bust
ness routine today long enough to adopt
unanimously the conference report on the
urgent deficiency bill. making available
TO the presidents use at once the $780,
100000 for national defepse. 1t imme-
diately was sent to the house, where the
report also was adopted
The Webb bill allowing exporters TO
form combinatio for foreign trade
competition so long as there is no re
straint of trade" was favorably reported
TO the senate by the interstate commercH
committee today.
NEW SENATE BILLS.
Four bills designed to make available
10 the farmers of the nation. financial
aid and mutual cooperation in increas-
ing the production of foodstuffs. were in
troduced by Senator Sheppard, Texas.
One provides for creation of a national
credit society for the purpose of pro-
noting agricultural credit and devising
forms of obligations eligible for redis-
count at federal reserve banks. An
other proposes establishment of a ma
tional chamber of agriculture to pro-
mote quitable distribution of farm
products.
Two other bills would make possible
the establishment of cooperative bank
ing associations and cooperative rural
banking associations.
With the approval of the administra-
tion Chairman Adamson, of the house
commerce committee. today introduced a
war embargo bill TO empower the presi-
dent to forbid exports of any sort when
he deems 1T in the public interest to do
so.
Both houses now will consider
taxation problems. SUGGESTIONS Tor TalS-
ing nearly $1,000. 600, 0O0-about half
the first years war expenses-by added
taxes are formally before congress to-
day from Secretary of Treasury McAdoo
Meanwhile. the selective CONSUMPTION
bin is before the senate military COM
mittee while other wartime bills like
espionage wooden shipbuilding plans
and finance measures are due for early
action. The federal shipping board is
TO organize a $5O,O00,0 900 corpora tion to-
day to build and operate the 1000 wood
en- ships.
DRAFT PLAN CERTAIN.
The selective draft measure now seems
likely TO pass. though President Wilson
may exert further pressure upon the
halting.
Overshadowing the congress course,
I'm so far as the public imagination is
concerned. is the visit of the allied high
commission--Englan and Frances
noted officials, Drawing the perils of
the deep and possible the fate of Kitche-
ner that they may counsel with their
newest war friend. America.
They will be greeted tremendously
but their visit will be for business, not
pleasure.
Aside from momentous cooperative
questions the issue of peace terms is
vital for them. The allies know each
others terms and they know the broad
principles of President wilson's terms
But these views doubtless will be CO.
ordinated in a general agreement as 20
when America and her allies shall re-
gard Prussianism as obliterated for all
time.
Mere discussion of such terms does
not mean a peace move. In fact. CT
ficials say the nation is in this war to
the last dregs, and discourages any talk
that peace is on the horizon. The ma
ton is building a war structure to last
at least three years. they emphasize
always.
1t knows of no honest peace move,
and expects none just now, 1t is official
ly said.
The seven billion dollar war revenue
bill is in the hands of the senate and
its passage by tomorrow with almost
no opposition was expected. The senate
finance committee met to consider the
measure as ii came from the house,
which passed it Saturday, and expected
TO report the measure Immediately after
the senate convened. 1t seemed probable
il would lie over until tomorrow and
then be the exclusive business of the
senate until 1t is passed.
War taxation, navy and army, espion-
age and financial and industrial mObili-
2ation bills are among the measures
which both houses are to push through
quickly on the heels of the big hond
act.