The Washington herald., 1918-10-22
TO CONTINUE
ALLIES LOANS
McAdoo Believes Big U. S
Credits Vital, Says
Holland.

=" nen Ine susgesuOn was mdue 10
Secretary McAdoo by some of those
who a-e considering the revenue bill
now before the Senate that there be
considerable curtailment hereafter of
our loans to the allies, the Secretary
Instantly replied that this should not
oe done. IL IL vital to the success
OF the cause. and probably to that OF
readtustment conditions after the
war, that the United States continue
TO advance credit or funds to the
allies
Undoubtedly the Secretary had IN
mind for one thing the imperative
demand which will be made hereafter
upon the United States for food. as
well as for implements and muni-
tons Of war. An unprecedented sit
uation is now reported TO have been
created In the United States by rea-
son Of the fact that We are feeding
entirely or in part forty million pso-
pie more than the number of in
haoitants OF the United States. In
order to make good the shipment OF
food to the armies and TO the peoples
across the sea with whom we are
in alliance Il has been necessary for
the United States to become an i'm
porter upon a great scale OF food.
We have been searching the world
for various kinds Of food or raw ma
teriAl that can be converted into food
with which We may make up the
deficit in our own supply OF food
stufIs
Best Grain Exported.
II has been found necessary to ex'
port the best quality Of grain, usually
in the form OF -four, and also the best
quality Of meats. For instance. We
sent abroad in the twelve months
which ended on June 30. nearly foul
hundred million pounds of fresh beef
Before the war some alarm was felt
lest there be such falling or in the
production Of beef in that we would
be compelled to import beef carcases
from other parts OF the world as, in
fact, We did from Argentina. In the
twelve months which preceded the be-
ginning of the war we were able 10
sell to other nations only six million
pounds OF beef But efficiency was
prompt and sufficient so that It was
possible to meet the extraordinary de
mand from our allies and our army
for fresh beef Almost all meat prod
ucts were exported in increased guam
titles in the last fiscal year. and il is
inevitable that there be a larger Cx-
port Of food OF this kind in the pres
ent zeal year.
Many times people wonder why II
has been found necessary to "Hoov-
erize" sugar. But the simple fact that
In the year ending June 30 last we
sent abroad nearly six hundred mil
Hon pounds OF sugar. whereas former
" IL We exported as much as fifty mil
lion pounds that was regarded as an
astonishing amount. explains why II
has been found necessary greatly to
curtail the use OF sugar.
U. s. Must Send Food.
For at least a year from this time
England. in part, France, In consid-
cradle measure. Russia to a great
measure and some OF the other ma
tons will be compelled to rely upon
the United States for food. They
must await the harvesting OF the
crops OF next summer. even though
the war be soon erded. before IL is
known how large a! demand is to be
made upon the United States for food
commodities.
or course these enormous purchases
Of food. whether grain. flour or meat
products. must be paid for practically
upon the spot. Therefore it is neces-
sary for the United States to continue
its loans to other nations. even though
the war should be ended within a
few months. On the other hand, We
have been trying to get from all parts
OF the world commodities that will be
available for food, so that what We
lack Of our choice food products be-
cause so much Of them has been sent
abroad. can be made up by commodi-
ties available for food obtained in
various parts Of the world. For in
stance. We are importing unheard- OF
amounts Of tapioca and are receiv-
ing 1t not only from the tropical coun-
tries south of US, but from Africa and
he Far East. We imported from
China. in the twelve months ending
June 30. nearly fifteen million pounds
Of eggs. some Of which were dried
and some frozen. Before the war oUr
imports OF this kind were compare
lively small. Japan sent US in the last
fiscal year nearly FIVE hundred million
pounds OF rice; yet a few years age
we thought that the United States
would be able to grow and harvest
all the rice the American people need
I'd. Canada sent US last year nearly
hundred million pounds Of Goldfish
and Japan sold to this country five
million pounds OF crab meat
Not the least remarkable feature
81 this change in our trade rela.
tions in food products. Is the i'm
port in the last fiscal year OF $50,
100000 pounds Of cocoanut oil and
nearly 500, 900. 900 pounds OF coprs
from which cocoanut oil is obtained
This enormous Increase Is due tc
the utilization of Cocoanut oil by
processes recently invented, as q
substitute for butter. Very large
quantities of so-called nut butter
are now being sold at a price which
Is at least fifty per cent less than
the price charged for tub butter
400. 900, 900 pounds OF cocoa were
bous in tropical countries and
then brought to the United States
Many persons have turned to the
Use Of honey so that they CO
thereby make good in some meas.
are the loss Of sugar. That resulted
a purchase in other countries oi
honey Of the value OF a million dol
Iars although prior to 1914 the i'm.
port Of honey amounted to very
title. So that II we are exporting {
'ood products in enormous quaint.
ties We are also chief among the
importing nations OF the world with
respect to certain food commodities
,hiefly those that are produced in
tropical countries.