Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-04-28
FRANCE AND ITALY
TO GET BIG LOANS
"rom S2oo,ooo.ooo to $3oo.ooo,-
900 Will Be Transferred .
Within Next Few Days.
SEVEN NATIONS ASK FOR AID
Financial Program for Russia
Awaits Forthcoming Visit of
American Commission.
SEVEN NATIONS ASK FOR AID
tEy Associstcd rrcssI

WASIilNGTnN. April "1-T'resi,ient
Wilson has approved REQUESTS from
france and italy for immediate inan-
cial aid and from 800. 900. 900. to
s3oH.noc.0o' will be loaned them by tho
united states within the next few davs
In the ease OF Italy. arrangements
already have been made for the trans
Ter "f 'hc money. and the loan may he
announced tomorrow Will, ,hc
amount has not been divuIGcd. il is
understood TO be between $50 onn ooo
and 100000, 900
France will receive between ,i5o.-
100000 and S20o.ooo oO0. Before thr
end Of next week, tho loan should be
in Ambassador Iusseramd's hands.
with the completiom OF these trans.
actions the total OF the governments
loans 10 the allies will approximate
$'c2.re0,opo Tncr" is every Indication
that at least s50o0"o. QUO more will be
loaned the allies before tho end Of the
fiscal year. June 30 and tho amount
may run to $1,000, o0o. 900 more bring
ing 'hc grand total OF .Nmcrica's loans
during the first three mouths of war
up 10 sl.aO0 0OO 900 At this rate
s6.ooc. 900 600 a year would he put out.
war finance law
TO CONTINUE IT'S LOANS
TO ENTENTE GOVERNMENTS
The administration has definitely de-
cidcd to continue its loans to entente
governments. pending the issue Of
bonds the money being raised by the
Issuance Of Treasury certificates of in
debtedncss. II is likely that Secretary
McAdoo will issue another block OF
S2Coo0o,oo0 10 $4,000, 900 before the
end OF next week through the Federal
reserve banks
REVISED estimates of entente needs
indicate that the amount they will re.
nuire prior tG June 3o--thc date ter
ta'irely set for the receipt of proceeds
Tor tho first bond iSsue-will l,c ue.rcr
Si."oo.G0o.o00 than the $1,000, 600 600
originally estimated TO meet these
requirements certificates of indebted
ness may he issued by the Treasury
Department i'm blocks Of $3.50. 600 900
every two weeks. instead Of every three
weeks The program as to this and
other details, however, is still in /.
tentative stage
Seven nations have applied directly
for loans or indicated they would an
HFcclhtc thcm--tIreat Britain. France.
italy. Russia. lclSium. Cuba and to
The surprise Of many administration
officials. Haiti. ~ addition. il is re.
ported that Brazil. contemplating war
with Germany, has sounded informally
the attitude OF officials with a view to
determining whether her application
for loan would DO favorably received
in ease OF war
RUSSIA'S NEEDS
SOON TO BE TAKEN UP
Eussia's needs probably will be the
next taken up by thc administration.
with view to advancing such iinan-
cial aid as may be Immediately impera-
tive. The financial program with re-
spcct TO Russia, however, may remain
in tentative form until the American
commission. soon to go abroad, shall
have made at least Il preliminary re-
port as to her requirements.
In the case of Italy. the government
is preparing to go further than TO lend
money. Italy needs both food and coal
urgently. and. just as urgently needs
ships to transport them. Officials ar
hopeful OF finding means to get suf1i-
cient ships to supply her most pressing