Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1919-02-23
CONTINUE WAR CORPORATION
Body Will Aid American Ex-
ports and Conduct Sale of
Our Goods in Europe.
SINKING FUND ESTABLISHED
Provision Made for Retiring
Of War Bonds; Finance
Bill Is Framed.

WASHINGTON. Feb. 22--Lberty
toan legislation reported to the house
late today by the ways and means
committee, provides for the estab-
llshment of a sinking fund for the
retirement of government war bonds
within 25 years. continues the war
finance corporation so 1t may aid
American exports commerce. permit
further loans for the sale to foreign
goyernments OF equipment sent
abroad by the United States for war
b purposes, and carries provisions de-
signed 20 stabilize the price OF past
issues OF bonds.
Chairman kitchin OF the commit
tee announced "a report on the meas
ure would be filed Monday and tina I
he planned TO call the bill before the
house for consideration late Tues
day, after passage of the sundry civil
appropriation bill.
Quick Action Planned.
Quick disposal of the measure Is
planned by administration leaders
for it's passage largely depends the
date OF n special session, Failure
OF the senate to pass the bill before
adjournment March 4. Mr.. Kltchin
said. probably would mean an extra
session by April I. Should the bill
be passed mt this session, he said he
did not believe II would be necessary
for congress TO meet until about
MAY is.
by the com mittee on the legislation
made public with the introduction OF
the measure, contained official de-
pi that fhA NAIliaa aXnaEinH IN ~
United States 20 renounce debts re-
ailting from loans advanced during
the war.
"Officials OF foreign governments
have always expressed the intention
OF their governments 10 pay the in
debtedness, and have said they had
no intention OF doing anything else. )"
Albert Rathbone. assistant secretary
OF the treasury, in charge OF its for
eign loan bureau, told the committee
when questioned about the loans,
that they approximate sS,600,000.
Congress Alone Acts,
There liz nobody under heaven
who can forgive those except con-
gless," he continued. The treasury
department does not advocate and
never has advocated anything but
tho collection OF those debts. In
IllN fpUTeCuOn GtTs bhlUuoNt lIf-
sculHA..two letters from the g'rcnch
hiEh C0fe,n ission. officially denying
that President Wilson had been ap-
preached by Freneh officials with
view to having the United States
share the war expenditures OF the
entente from the beginning Of the
war
The prime minister has cabled an
order 10 deny most emphatically that
such n suggestion has ever been
made TO President Wilson by any
French official" declared one OF the
letters, while the other explained a
resolution introduced in the French
cham ber, OF deputies for the ostab-
lishment OF an international flnan-
cial union among the allies 10 dis
tribute the war expenses among the
nations on n basis OF population and
the power to contribute financial
support,
Not Sponsored by French
The French government" the let
Yer said has nothing whatever to
DO with the project and Is not giving
its support to tho resolution"
Mr. Rathbone said there was
nothing on record In the treasury
suggesting cancellation OF the oblt-
cations. and he added:
'All the statements made by rep
resentatives OF the foreign govern
ments-I have IA mind particularly
tha Britlsh---have been "a the effect
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