New-York tribune., 1918-03-21
Kitchin Says Not More
Than Thirty Will
Oppose 1t
Foreign Bonds Planned
Railroads Not Specifically
Named as Entitled to
Loans

WASHINGTON, March 20.-Consider-
alton of the war finance corporation
bill was completed tonight by the
House after all efforts to effect changes
not acceptable to the Ways and Means
Committee had failed.
An agreement was reached to take
final vote when the House convenes at
noon tomorrow. Majority Leader
Kitchin announced that he did not ex-
pect more than thirty votes against the
measure
To Stabilize Dollar
Mr.. Kitchin to-day offered an amend
ment which he said would have a
tendency to stabilize the value Of
the American dollar in foreign coun
tries and it was quickly passed. 1t
provides that part Of the bonds of the
proposed corporation shall be issued in
denominations of foreign money for
sale in those countries, at the discre-
tion Of the directors.
The House declined to specifically
name public utilities and railroads as
those privileged to receive relief direct
from the corporation, as is done in the
bill as it passed the Senate.
The measure provides that in "excep-
tional cases" the corporation may loan
money directly to persons or firms nee
essary to the prosecution OF the war
instead Of to banks, where the bulk OF
a pH 70
AS the bill now stands before the
House, provision is made for a corpo-
ration with capital stock of $500, 900, ,00C
and authority to issue 100000 IN
bonds to aid in financing necessary in
dustries. The Senate bill authorizes
$4,000, 100000 in bonds.
Mccormick Discusses Bill
I Qualification over the appointment OF
Major Generals March and Goethals to
important posts in the military estab-
lishment. and the naming of Edward
r. Stettinius and Bernard Baruch to
positions of responsibility in the gov
/ ernment was expressed to-day by Rep
resentative Medill Mccormick. of H.
linois. in discussing the wan finance
bill. Mr.. Mccormick said:
1.-The bill represents the considered
I Judgment of the committee, in the light
of the opinion of the Secretary of the
| Treasury and of the action Of the Sen
ate. | see relation between it anl
the improved organization for the war
We govern and progress only by the
concert of opinion. If the finance
corporation bill proves it. SO do re
cent appointments and administrative
changes.
ut becomes those Of us who have
been critics of the War Department t
say We'll done when it has been vel
done That is why l have sought thi
occasion 'to speak with cordial EN-
President in summoning Generals
March and Goethals, Mr.. Stettinius ant
Mr.. Baruch to places of Importance
i Time alone can test the wisdom o
these appointments. but on thei
record. these four-all-will impair
energy; they will bring vision to tn
conduct Of the war. | say. We'll done
Mr. President
"There is nothing in the history O
the last few weeks to encourage tn
hope that the end of the war is nefA
Doubtless it is true that the Contra
Empires will draw no great supply o
breadstutfs from Russia during tn
coming crop season, but they have tn
sure promise of supplies next yeaI
and the immense morale derived fror
victory. This year is likely to prov
barren Of military results Of value t
Americas industrial effort.
"That is the reason why the Way
and Means Committee has reported an
the House of Representatives will pas
bill for the public supply Of privat
credit"