The Birmingham age-herald., 1919-03-31

York. AS yet nothing can be done. Those
 who speak and those who attend the
 meetings carefully keep within the letter or the law. The authorities Know that the leaders contemplate a demonstration i or strength sometime in midsummer. An open demonstration may give the authori- ties the justification for drastic suppress sion of these lurking dangers. Some are so gloomy as to say that if New York only knew of the existence of this powder mine in this city there would be something like panic.
 ! The government at Washington has been informed of these dangers and is lending aid in. securing information which will show the extent of the danger and also the number of those who are SUD- porting this incpient bolsheviHi move ment. There appears to be no supprehen- | sion that it will spread throughout the country. It is confined to and will be confined to the greater cities. But there may come outbreaks similar 70 cHac req l by the anarchist John almost 40 yeNs ago in New York when for half an hour | at least tie city was in danger of riot, bloodshed and anarchy. That was sup pressed by vigorous use of poIicemen's clubs. more than 100 clubs being brough, with heavy blows and with sudden, un expected assault upon the heads of those who were marshalling these anarchistic forces. In a twinllling this dangerous , gathering was dispersed Aside from the l danger of outbr&lk of this kind this
 country is, for the present at least, | spared the peril of a wave of bolshevism. WE HAVE GOT TO HELP Our financiers and the government at Washington are not delaying preparations l for the aid which must be given to for | eign countries if they are to be able | to buy American commoMcss in the amounts which are so greatly needed in ri | all, the war finance corpora ton at Wash | ington will In a short time be ready to lend s50,0OO,00O to any firm, corporation or association engaged, or anxious to engage, in export trade. This is the policy which was adopted by Japan in 1911. Her government borrowed millions in this country at per cent and then lent the money at 4s per cent to man. ufacturers in Japan. principally those en- gagged in the textile industry, so that they would be able to enlarge and speed up their factories. having in mind the export of their commodities to China. Not less important than the decision of the war finance corporation to lend
 $50, ,000,0 900. probably more if hereafter it be needed, is the action of the council of foreign relations in summoning to this city bankers who represent the finan-
 cial life of almost all the larger cities of the United States. The purpose is
 
 finance corporation to offer to advance $50, 100000, behind which must stand good security, to American exporters
 The bankers who will meet in this city on Wednesday of this week have as far as possible mastered the problem of how we can best aid those in Europe who are
 anxious to buy American commodities. Tn the first place they are all of offe opinion that in the United States alone can be found the aid which the other nations need. At present and probably for a long time the allies are and will be so heavily indebted to the United States as to make it impossible for them to buy commodities here unless we aid them in so doing. They can be aided chiefly through the sale in this country ! of their own securities.
 The bankers are to consider on We'd nesday the best manner of marketing
 these securities in this country. The banks cannot take them because tho | banks are to have their hands full for a year or two. Therefore there must be established if possible national mar ket, free. liquid and impersonai, through which these securities can be marketed Our allies are prepared to send us many millions in securities represented by bonds issued by municipalities or by industrial and public service corporations. some of the bankers who will attend the meet ing have recently returned from Europe where they have been in close touch with the situation, especially industriai and municipal, in France and in some of the other countries.
 They believe that if we do provide them, upon proper security, with the means whereby they can make purchases Tn the
 United States the demand for commodi- ties which will come to us will De ai-
 most inconceivably great.
 WHAT THE HOMECOMING COST Already reckoning has been made oi
 the items of the aggregate cost Wnici
 was entailed by the unparalleled >receptloh
 which New York city gave to the return ing Twenty seventh division or the
 American army. The millions who saw the thousands of returned soldiers marcn- ing up Fifth avenue. and who also Wit messed that stupendous massing of crowds upon the sidewalks and streets as well as the bountiful- display of color, punt ing flags, and all those things, whlch attract the eye and are the symbols ol welcome. probably did not give thought to the cost. If they did they were iikeiy to assume that the demonstration was worth every dollar that it cost. NOW some are asking whether something hke extravaganza did not characterize the en- tertaniment. The estimate this morning is that directly and indirectly this en- tertainment of the soldiers cost the city somewhat in excess of a million doliars. The beautiful arch of triumph under which the soldiers passed sentailed cost of $l00,0O0 Yet it is only temporary. us plaster paris frame will not last many weeks. It is a thing of beauty to be re- membered. And $100.0O0 was expendeo upon it. So also various other eEpendl- lures have brought the total cost, accord, ing to the best estimate, in, excess or $l 0O0,0