The sun., 1918-11-12
U. 5. TO CARRY ON
SUPPORT OF ALLIES
Treasury Department An
nounces New S80,O00,O00
Loan to France.
--------
TALK. OF CtRTAILMENT
Senator SmO0t Urges Cutting
d Off of Many War
Bureaus.
TALK. OF CURTAILMENT

WAsHIEGToN, Nov. 1.-THE Govern
ment's policy of Continuing financial as
sistance to the Allies until their needs
are over or peace Is actually signed was
emphasized tonight by Treasury an
nouncement that a new credit of $780,
100000 had been granted to France.
Thia brought tho aggregate loans by the
United States to that nation to s2,445.-
600. and the total to all Allies to ST.
S12,976,666.
Peace to-day threw into conference
between Congressional leaders and
Treasury officials the question of
whether the tax burden planned In the
pending revenue bill can be lightened in
view of prospective reduction of ex-
penditures
Senator Simmons. chairman of the
Senate Finance Committee; Chairman
Kitchin Of the House Ways and Means
Committee and Secretary McAdoo dis
cursed the problem, but reached no con-
clusion. Mr.. McAdoo said he would
undertake an immediate survey of the
Governments tentative plans for return
OF the army from abroad, for curtalllng
war orders and other phases of war to
peace conversion, and make recommen-
dations within a few days.
Revenue Revision Opposed.
financial needs and the ursent need of
pushing the revenue legislation to COM
pietion at an early date, constitute
the principal reasons prompting many
Congressional leaders. both Democrats
and Republicans. to-day to advocate that
the bill not be changed to reduce the
revenue to any great extent. Already
the Senate has revised II SO that the In
come is estimated at about ss.2sO, OoO.-
900 instead of the $4,000, 200, 600 pro-
vided BY the House draft. Treasury Of
fcials also point out that large inflow
of taxes will reduce the volume Of war
bonds which must be fioated in the
spring.
Demand for immediate steps to cut
down expenditures now is coming
strongly from both parties In Congress
Senators Borah and Smoot, Republicans,
In addresses In the Senate to-day. urged
immediate curtailment OF vast Govern
ment expenditures and said Democratic
Leader Martin would have difficulty in
carrying out his recently announced
economy programmes unless the public
is Informed on details OF all expendi-
lures.
Would Curtail war Bureaus.
Senator Smoot said the time has come
for the Senate to point out how the
saving can be brought about. He urged
immediate curtailment Of Washington
war bureaus. some of which, ne said
have as many as 10000 employees.
There will be no letup Of the activi-
ties of any Of the four principal nom
military war agencies-the War Indus
tries Board, the War Trade Board and
the Food and Fuel administrations
with the end of fighting.
The Food and Fuel administrations
continue under the Lever act until the
President proclaims peace after rati-
ication of a treaty by the Senate. They
automatically go out of existence then.
There Is still need for conservation of
fuel. and officials said to-day there
probably will be no great lessening of
fuel conservation measures for some
months to come.
Because of the need OF feeding the re-
leased peoples OF northern France. Bel
gum. central and southern Europe and
the near East the Food Administration
activities must continue.
At the War Industries Board officials
declared there would be much work for
that organization to do They foresee
no serious Industrial disturbances with
the Governments grip on all war indus
tries and materials held tight.
Control OF Commerce.
Import and export control exercised
by the War Trade Board probably will
continue indefinitely to assure shipping
space for the constant flow OF supplies
for American forces and the Allies,
which will be required for many months
20 come.
Any lifting of the present embargoes.
officials stated. until the world gets back
to its normal commercial stride would
mean flooding America with foreign
orders that would strip the country OF
practically all. Immediately available
commodities.
The Governments policy for assisting
in the financing OF the great task OF re-
building war torn sections OF Europe is
not yet formulated.
To stimulate the outpouring of addi-
tional billions in the spring for Govern
ment bonds officials are considering
new directions for appeal. The term
Liberty Loan" may be dropped. and
Victory Loan" Peace Loan" or Re
building Loan adopted with a slogan
such as bring the boys home"
The Governments financial agents In
many important reconstruction measures
will be the War Finance Corporation,
whose powers Congress will shortly be