South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-03-16

on appropriations totalling nearly
800. 900. 900 for maintaining the
government or the country. Among
the appropriation measures which
failed were the sundry civil oil.
$3.50. 766,Sf9: navy bill. $824.7O8.-
al; army bill. &1.2SS,2S2.967. and
the general deficiency bill, calling
for $S42.0s6.g 800, including $3.50
400. 600 which was 10 have been
used by the railroad administration
a number Of reconstruction meas
lres. one of them appropriatins
100000, 900 TO reclaim land for the
benefit OF wounded soldiers. also
went into TIE discard. Prest VIII
son has announced that ne Will not
call a special session OF congress un-
tI he returns from France. and has
declared he viii not return from
france until the peace terms with
Germany have been drafted.
The Railroads.
The failure OF the general def
cheney bill Is causing apprehension
because Of the large program OF i'm
proyements and extensions which
ne railroad administration had in
lew. and the effects upon industry
md business which curtailment OF
such plans might have. Such re-
trenchment in order TO help the
railroads tide over the period of
money stringenCy would hit hardest
ne manufacture of steel. admittedly
"a barometer of industry i'm general
Director General Hines has asked
Iii
interests to discuss the situation with
him. and II has been suggested that
country-wid syndicate may be
formed TO raise $500. 100000 for the
railroad administration use. The
bankers are apparently Of the belief
that such a fund could be raised
without necessarily interfering with
the Victory loan Mr. Hines has
stated that in no event viii the rail-
roads he returned upon short notice
10 their owners.
\ Victory Loan.
-Four classes Of notes at par. run.
ming from one TO I'VE years. the rate
OF interest 10 be fixed by the secre-
tarv Of the treasury. have been de
cided upon as medium through
which the people Of the country
viii loan possibly $1,000. 600. 600 &c
the government FOR paying its war
bills The. four classes are: () Elk
empt. both as TO principal and in
terest from all taxation, except IN
heritance or estate taxes, now OF
hereafter imposed by the United
states state or city (2) Exempt
except estate or inheritance taxes
and graduated income taxes. known
as surtaxes, and excess and wal
profits taxes. go Exempt from in
heritance taxes. graduated income
taxes. and excess profits and wal
profits taxes, when holdings do no
exceed 100000. 60 Exempt both a:
TO principal and interest from al
the above taxes, except inheritance
taxes and all income. excess profits
and war profits taxes upon the in
comes or profits Of individuals. part.
nerships or corporations. 1t is eX-
pected that the loan campaisn viii
open about April Il.
Government Price Fixing.
The directors of the American
Iron and steel Institute have decid
In test of the possibility of STABILIZE
ing prices throughout the cOuntT!
by having the government fix prices
for certain basic commodities, an,
20 make purchases for its own ac
count at those rates a committee
IF the steel manufacturers hai
therefore been appointed to worl
with the industrial board of the de
partment of commerce which wa
appointed by Sec'y Redfield TO carr
cut the sterilization plans The di
rectors present unanimously ap
proved the Redfield plan. The.
were the first ones approached OF
he proposition. but the plan is L,
he given wider scope and other in
dustrieS will be asked 10 agree Will
the arrangement
Disposition Of Copper.
Copper producers and represe nta
tives OF the war department hav
made tentative agreement for tn
marketing of the huge stocks of cop
ser which We're purchased and &C
,umulated by the government dur
ing the war period Under thi
agreement the producers viii mar
ket government supplies at the pre-
Nailing market rate. They Will Do
distributed by the producers in con
nection with their own product. IN
minimum monthly amount bein.
liked and the actual amount dis
posed Of being a certain percentag
Of their total sales. If this exceed
The minimum amount. u was ais
agreed that the copper will be en-
tirely attributed within Is month.
The government VIII lose by this
since its stocks of copper wer
bought when the metal was seUin
for % and % cents pound. and tn
present price is from Is 10 Il cent,
Conferences are now being held wit
the object OF makinE similar ar
rangements 10 dispose of Othe
stocks or which the government ma
a surplus.
\ REIMBURSEMENT Conference.
Governors and mayors represen nj
ing AZ states and more than hun
bred cities met in washington las