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The Hawaiian gazette. (Honolulu [Oahu, Hawaii]) 1865-1918, December 18, 1917, Image 6

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HAWAIIAN GAZETTE TUESDAY, DECEMBER 18, 1917. SEMI-WEEKLY,
illl
IS KM
ftopajjiftda 'Widely Circulated
and FoDUiace is Bema Edu
cated To Meet Wishes of Lead
ers of Radical Faction 7
PRO-GERMANISM SHOWN RY
, -RELEASE OF fftlSONERS
Duke' Alexis - Expected To Be1
. ".; Made Leader Under the Aegis
Of Germany Is View Entertain
. ed Bv Petroarad CorresDond
LONDON, December 15 (As
sociated Tress) The object
of the Boisheviki is to restore the
monarchy in Russia, at least, pos
sibly, to' recreate a despotism
which will be itself dictated to by
Germany.. A string propaganda
tn nrenarc th Russian rwnnl fnr
" r . V . ' 7 "7 rr-
this reversion and a return to an
' absolute monarchy has been car
ried on fof some time.
, Mien is the opinion ol the I'e
: trograd " correspondent of the
r :1 rl' 11...
ed here as substantially correct.
This correspondent outlines his
views in his despatches yester
day which also announce that the
civilian German prisoners now
ncia in Kussia are to De released
at once, under orders of Premief
Trotzky, to be repatriated in ex
change for the release 'by Ger
many .of four, thousand Russian
officers, held as prisoners of war.
. The real aim of the Boisheviki,
becoming more and more appa
rent as the nlans nf their leaders
iire wnrtmer mir ia th riecrnra..
tion of the Romanoffs. ' For over
a month the various publications
under control of the extremists
and their German leaders ' and
backers have been working up
popular . sentiment in favor of a
teturn to power of some member
of the former reigning house, th-t
It test publications being almosr
outspoken in regard to the idea."
It has been this propaganda
which brought the Boisheviki in
to clashes with the social revolu
tionists and the social constitu
tional democrats, resulting in the
elimination of representatives of
lite latter from the higher cont
ra, hds in the army and their seats
at the council table and in high
office. The. flocking of many to
the side of Korniloff was the di
rect result of the discovery of the
Ultimate aims of the men who
have seized the reins of govern
ment. APPROACH SUCCESS
'' "The Boisheviki are on their
way towards the accomplishment
of another coup," wires the cor
respondent. "They will soon an
nounce ihe , restoration of - the
throne and already they have the
populace, half won over to an ac
ccptance of the plan."
A popular rumor, was in circu
lation, on Thursday that the
Grand Duke Alexis; is about to
be ' proclaimed Emperor, to rule
under the aegis of Germany.
. . fiepona that the Bolshe-Vikis hnve
)een successful in defeating tbe force
which, bve gathered under Korniloff
Were' In circulation la l'etro(rrad . yes
terday, beiun tabled here. The reports
were officially given out by tbe Bol-ahe-Viki
that Korniloff had been de
f eatvd at JJieljjorod and had been foreod
bin k uon Yaailislil.
'Further report here say that the
Bolshe-Viki bav occupied Tonionov
ka, near Bielgorod, and Kaluga, a hun
dred mile southwest of, Moscow.
A Jfmiter's despatch say that
premier Trotsky announce that if an
armistice with the German ia conclud
ed tbe 'Buasiau commissioner are
empowered to. negotiate for peace.
Olga linmaiioIT, former (rand duchess
and daughter of the txttnt, 1 aerl
usly ill In Tolxilhk where the Boitiaa
off Live beca iii detention.
I Cttfft tYfnn r
SHIPS IS GREATEST HEED
"'. WASHINGTON, . December i5-(AoetWd Prau) Skilled orVmen to
build Teasali and American crow to man them when and aa fast aa they ar)
comploud at the knat problem which are facing the nation . In tta effort ttf
win tha war la th opinion of Raymond Kevna, vice-president of U ehtpplng
board ' . . ., ... ; ....... . (
la a itatotnmt issued yesterday Stereo laid that 'contract had D,n
for th eoastroetion of 4000 Teasel tf aU typo, naval and merchantmen
armored and nnarmorod, of wood and of tteel and of groat and am all tonnage, t
' "For tha completion Of tbkso ToaaoU thoro' are needed 400,000 structural
worker. The are abtoluteiy required to bring aa early completion and to con
quer th inbmaxlne menace. .- ,.. .
' Whoa the ablp mo ready men to man thorn will bo needed. At proaont
alxty At percent of th crew of American Teeeel ar foreigner and on tbd
nw Toaaols American cltlien wUl b wanUd for officer and for crow aa well.
POSTOFFICE APPROPRIATION BILL
PASSES HOUSE AND GOES TO SENATE
WASHINGTOX, iVoember 13 (Aaaoriated Pre) The pnstoffice api
prnpriatioa bill, Tarrying expenditure of nearly a third of a billion dollar wa
pa Med by the houM of rcpreeentatire yMterday and will go to (he enat
today. .
ArrOmnanving the budget upon which the bill waa drafted the report of
Secretary Burleaon was presented and he showed the eonditioo of the depart
ment financially at it beet.'-
The audited rerenuea for the pact year, inrhiding th revenue from money
crder and pootal-aavinge buitineiui, amounted to $329,72A,U6.3fl, an increase over
the preceding year of $17,608,427.53, or 3.66 percent. The audited expenditure
amounted to 3ip,8."18,718.40, aa increase over the preceding year of $ 13,63 V
0A3J16 or 4.4S percent.
The audited expenditure above stated Include $306,480,767.43 for service
performed dad supplies purchaeed during the fiscal year 1917. and $13,357,950.97
paid in 1917 payments ia liquidation of obligations incurred in previous yean
which it waa impracticable to adjust during those year. .,
Statement a to the operation of the department show that the coat of
maintaining the postal service during the fiscal year 1917, after all outstanding
obligations for that year have been adjusted aad paid,' will amount to approx
imately $317,425,44344. .On this basis, after deducting tho losses by fire, burg
lary, and other causes, the revenues for th fiscal year 1917 will be $12,240,487.16
in execs of the exuendituree. The difference between this amount and the
audited surplus is duo largely to payment mad In 1917 to rural carrier in
excess of compensation earned under the law for service performed in 1915.
Tneao payment were made pursuant to an act of eongro. . '
EXPECT WILSON TO
ACTflEXTMONDAY
' ' ' ' aassBSaBBi
Message on Railroads Anticipat
ed and Speculation 1$ Rife
On Administrator
WASHINGTON, December 15 (As
sociated Fress) Oeseral belief prevail
about the eapitol that President Wilson
will on Monday present to eongresa a
message whieh calls for the unification
of the transportation lines of tbe coun
try. At that time it is expected that
he will announce his decision a to the
necessity of such action and it ia ex
pected he will ask that the urgent ne
eemity be recognised by congress.
.' Hpecalition i rife aa to whom the
administration would select aa railroad
administrator and a number have bee
mentioned a probable appointees
These include Secretary MeAdoo, bee
re tary Lane, Brandei and Hughes.
Claus Spreckels Claims Coast
Refiners Given Distinct Ad
vantage In Price Fixing
WASHINGTON, December 1 (As
aociated Tress) Testifying today be
fore the senate subcommittee invest
igating the sugar shortage, Claua
opreeaeis said taat tn raeme coast I
PACIFIC REFINERS
DECLARED FAVORED
renner nave an advantage over the sonatod Press) The senate today
rasters refiner because of the price- ' "greed to abandon attempt to make
fixing done by the sugar committee. the bill leasing oil lands apply to Call
He declares that the committee has furnia and Wyoming, preserving the
provided a 23-eent differential in favor
of the Pacific interest. The favored
refiners, he said, are supplied from Ha
waii. HAVANA, December 15 (Associated
Pre) Actual declaration of war
againat Austria in the form of a proc
lamation from President Meuocul ia ex
pected today.
' Following the action of the house
of representative the senate yesterday
passed the war resolutions whieh the
president had asked. The action of the
senate waa unanimous.
' -
WASHINGTON, December It (As
sociated Press) -Chairman Chamberlain
of the house military u (fairs committee
said today that the statement of Gen
eral Crozier, head of the ordnance bu
reau, before the senate investigating
committee show reasonably satisfactory
conditions in the war department, con
sidering the atate of affaire, at the be
ginning of the war, and the lack of
preparedness for quick military action.
TO CURE A COLD IN ONE DAt
take LAir.A'rivtf fcRoMo QfJlriH'
(Valilets). Druggist refund money it
it fail to cure. Th (iguatur ol
U. W. CROVK it on each box. Man
lifactured by the PARIS MliDlCIflH
Ca. 8L limb, V. 3- A.
CALLED SATISFACTORY
Hi fin frcric ri i i
HINDUS ARE SOLD
INTO POIR OF HUN
Witnesses In Conspiracy Case
Tell of Practical Enslave
ment By Kaiser Folk
SAX FRANCISCO, December 14
(Associated Press) How one Hindu
sold five of hi countrymen into the
acrvir of Germany to help the German
scheme of stirring up a revolution ia
India was told on tbe witness stand
today by Har Charaa Dai, one nf the
government witnesses in the India eon.
spirary'ose now on trial in th fed
eral court.
Har Charaa Das testified that 'Barn
Chandra sold him and four other to
Germany for $10,000. He said that
the conspirator practically enslaved an
employe of the Hindu newspaper
Gadr, which, the prosecution claima,
Germany financed in order to incite
the Hindu to friction with tbe British.
Har Charau Das is one of the group
of Hindoa alleged to have gathered
in San Francisco and later been sent to
Los Angclea to meet German agent
who were concerned with tbe sailing
of the Maverick. Tbe iudietmeata and
district attorney's statement implicate
Har Charan Daa and other in the gen
eral plan to take money and muaitiuns
to India through the Maverick expedi
tion aud by other means.
SENATEGiVESUP
WASHINGTON, December 14 (As-
lands iu these States which are in con
tnncroy for naval use. Condemnation
of existing claims waa decided.
The shields bill for leasing water
power site upon navigable streams
liHncd the senate and wns sent to
tii house todav.
This action tiy the senate is consid-c-i'd
a serious blow to. the interests of
t'i.' Honolulu Oil Company and the
stuck in the local market felt the ef
f t to some ettent. It wa weak on
imiIv advices of tbe probable action.
The Honolulu Oil Company has been
in controversy with the government
omt the question of 'patent for it
holding for many month and had
looked to the bill that was pending in
tbe yuate for relief and an early set
tli'wcy of tha difficulty. The eompanV
would slose more than seventy percent
of it bind if the agreement mention
ed in the above despatches be carried
Ollt. : '
The total holdinga of Honolulu Oil
Company ar 3S40 acre pad the land
affected by the withdrawal amount
to L'7W. . The company would likely
ai.to lose toe whole or a, part of tbe
money held in escrow In New York
pending settlement of title on claims
sold to tho Standard Oil Compaay.
HUNDRED MILLION FUND
IS LEFT WITH PRESIDENT
WASHINGTON. December 14 (As
sociated Press)-t-;ongress todsy passed
a bill extending the time within whh-h
rresiilciit Wilson mav suend the
$100,000,000 fund until 'June 30, 191$.
The appropriation originally lapsed at
i iic eiiu or uM-euiber.
; ;
CHILDREN OF POLAND
TO HAVE RED CROSS AID
IlKKN'R, December 14 (Associated
I'l.ssj 8t.ecinVally for the relief of
starviug I'olisb t-hililreil, about whose
snlT.-ring heart-rending tub's are reach
iH tho- ou'side worhl, the (Aioericau
h'- l Cross today remitted for hsadqUar--m
here 100.000 to b sieat imme-
di.itoly in gotting food to tho cUildrfO.,
STAND ON OIL LAND
COSTS OF WAR AND
FUTURE NEEDS ARE
TOLD TO CONGRESS
Document Presented To Congress By Secretary of Treasury Teds'
of Enormous Expenditures Already Made and To Be Made and
' Is One of the M6st Important StatiittCaf Writings Ever Given
To a Congress of the United States r " ;; :- 1
W'AlHHlKOTON.Deember 1 (Asso
eiated 'Press) Cortgres' wa Informed
by Secretary MeAdoo Iq hi anaual re
port thfet $S,lL,H,20S,fflJ. mnst be pro
vided in addition to fnnda from taieD
and bond issues already authorised In
order to. make estimated receipt for
th flseal year ending June HO, 19IH,
equal disbursements. If this deficit U
met by a new issue of bonds, th total
amount nf securities to be issued in
the neit seven month i estimated at
$.90i,433,50. .
For the neit fiscal year,' ending Juni
30, 1910, the estimated excess of dis
bursement over receipt is $7,027,973,1
9K0. -
Huge war expensea and ' loan to
America 'a A Hie at the rate of a half
billion dollar a moath have made thes
estimate masy times larger1 than any
ever prevented In a secretary of the
treasury ' asnnal report. Of the $12,310,.
000,000 estimated ordinary expenditures
ror th year ending next June 30,
$11,527,000,0001 for war purpose, and
the proportion is about the same for
the fiscal year fading In 1919.
Greater Economy Necessary '
So far th nation ha borne the
financial burdens of the war well, says
Secretary MeAdoo, owing to healthy
business conditions, and the valuable
aid of tho established federal reaerve
system. . In the future, however, In
creasingly greater habit of economy
must be developed by Individual and
business institutions, the-secretary de
clares, and "business as usual" can
not be adopted as tbe guiding principle
of the war. People must save and in
vest In government securities to avoid
postponing victory.
ttn thia. admonition, Mr. MeAdoo
proceed o cite the enormous figures
of government ' receipt and expendi
ture which are the fruit of war times.
Total estimated receipts for the cur
rent fiscal year ar $12,580,732,800,
which, with a balance in the treasury
last June 30 of $1,000,983,301, makes
a total of $13,47,71fl,lrtl. Most of
the receipts, or $8,6X0,000,000, are from
sale or bond and war savings certifi
es tes? ordinary receipt are $.1,880,000,
000, largely from war taxes: and the
Panama Canal income is $7,000,000.
pearly Nlnteen Billion
Ordinary disbursement are esti
mated at $12,310,295,223; loaua to
Allies ia the -year at $0,115,000,000;
public debt disbursement at $.'121,000,
000; and Panama Canal expenses, $23,
593,000; making total estimated dif
bursemrnt $18,715,919,055.
In order to allow for a balance in the
general fund of about $500,000,000 next
June 30, eongresa must authorize rais
ing of about' $5,640,000,000 additional
fund. Thi figure, together with 1he
$3,000,000,000 of ' authorised but unis
sued Liberty Bands, and $0(13,000,000
estimated receipts from war savings,
Make the $9,909,000,000 which Mr. Me
Adoo believe Americana must loan the
government between now and June 30,
1918.
For the next fiscal yea;, ending June
30, 1919, the secretary estimated re
ceipts at $3,176,000,000 and disburse
ments at $12,804,034,440, exclusive of
allied loan. Thi makes a $7,627,000,
000 excess of disbursement. If th
present rate of loans to Allies ia con
tinued in the 1918-1$ fiacal year, $0,000,
000,000 additional would be required.
Estimated interest on. bonds to be is
sued that year is $385,000,000, and e
fronted expense of floating the bond is
aued $28,000,000.
Thus if the deficit i to be met by
bonds, $14,040,000,000. worth must In
floated between July 1, 1918 and June
30, 1919, in addition to receipts from
war savings.
"While these figurea represent the
situation as it appears today," the
secretary says, "it should be borne in
mind that the exigencies of the future
msy cause changes, particularly with
regard to the estimates for the War
and Navy departments." The esti
mates on which the secretary bases bis
figures are made by the various gov
ernment departments.
Oost Thirty -U Billion
' Tbe outstanding fact, apparent from
these stupendous figures is that the
cost of the war to the American peo
ple, including allied loans, for the two
years -ending June 30, 1919, will be at
least $30,000,000,000.
To the great task facing the country,
Secretary MeAdoo call tho people witlj
these words:
"What is of superlative importance
in the readjustment ' that . must take
place 1 that our people shall be im
pressed with the necessity of economis
ing in th consumption of articles of
clothing, food aad uel, and of every
Other thing which constitutes a drain
upon the available supplies, material,
and resources of th country, every
thing wasted now i little abort of
criminal.' " , '.(
Popl Not Aroused
"Ho far a I have been able to ob
serve, tho America people are not suf
ficiently aroused to th necessity nf
economy and bf saving in this really
seriou time, not only In the life of
America, but of th nation of the
world. Pp to the present there has
ben a relatively tmall denial of pleas
nre, comforts, and convenience on the
part-of, th ; average citizen. II is
drawing upon the general store of sup
plies Is the country with almost the
same freedom as befor America came
into tbe War, Thi, eagnot . continue
without serious hurt to the nation and
to th world. The great' flnaucial op
erations of the government cannot be
carried forward successfully uuless the (
lcopi or ine i nueu riatc economise .
la every possible direction, save their
money nnd lead It to tha government.''
Bond Bailer Denounced
Secretary MeAdoo donounccd bur
tbiuer of Liberty Bond who mil ihiir
bond when they do not imperatively
Wed : money, .'
"It is by actually lending money to
the government and not by merely
promising' it and shifting the load to
some one else," he said, " that the
eitir.cn really helps irt this great timo. "
Ho added, however, that he did not
mean to discourage legitimate tradidg
in government securities,
Mr. MeAdoo expressed the hope that
additional funds to be raised during
the balance of the year be by bor.l
Issues rather, than by taxation, sarinc:
"It is my earnest conviction that th
general economy of the country shou'd
be permitted to readjust itself to the
new revenue laws before consideration
should be given to the imposition of
additional tax borders."
Of the possibility-that interest rates
on future .Liberty. Bond issues might
be raised, the Secretary said:
Higher Interest TJnwi .
"If a situstion should develop where
the government could not sell converti
ble and partly tax exempt' bonds upon
a four .percent. 4aia, it woujl, 1 be
lieve, .become necessary to scrioasly
consider further revenue legislation. In
my judgment an increase in the rate
of Interest of such bonds would be ex
tramely unwise and hurtful."
Secretary MeAdoo disclosed that he
intend to recommend to rongress later
in th session constructive and regula
i tory laws to prevent capital from going
into public or private enterprises liu
necessary for the war.
- "It may also become necessary," he
added, "to concert some constructive
measures through whieh essential cred
its may be provided for those indus
tries and enterprises in . the country
essential to the efficient and successful
conduct of ' the war. The subject re
quires the best thought and study. It
js receiving the most earnest considera
tion. ' - " - "
Resources Ar Abundant
. "The rourage and resources of the
nation are so abundant that America '
success in the- war is beyond question
if they are properly orgauized and in
telligently used. The economic ami fi
nancial condition of the country was
never so strong and America's spirit
was never more aroused to the iniiort
nnce and necessity of going forward,
resolutely and regardless of sacrifice,
te the accomplishment of the great task
to which God has called us. ".
- The Federal Reserve System received
Secretary MeAdoo 's enthusiastic praise
for It part in the war' financing pro
gram. He pleaded for further strength
ening of the reserve system by the en
trance of state banks and trust com
panies. "Intelligent men all over the coun
try," he said, "are beginning' to real
ize that the financial power of the
United States should be strengthened
to the utmost limit if we are to meet
successfully the tremendous strain
upon our resources occasioned by our
own part in the war and by the cred
its which'it is essential that we should
extend to tbe foreign governments co
operatiug with us in the war and if we
are to be equal to the demands, in
large measure, at least, of world lead
ership which will inevitably be thrust
noon us a a result of thia war.
Must Consolidate Power
"Financial strength can come nlono
from a consolidation of the financial
powers of the country under one ho
mogenous system. It cannot be had
under the present arrangement, involv
ing a it doe forty-nine separate bank
ing systems or banking controls In th
I'nited States. In the fedoral system
we have the one cohesive 'and power
ful financial organization in the coun
try, in addition to the federal sys
tem we have forty-eight systems, au
thorised and administered under tbe
luws of each of the states of the union.
This is a serious element of weak
ness ami will be proven so wheu the
test of a great responsibility and need
comes. We must be prepared, for a
larger measure of international ' de
uiku! Mm our resources in the future
than, ever before in tbe past. Bolf
interest alona should' compel every elig
ible stste bank in the country to tak
membership in the federal reserve sys
turn. But in addition to that in this
grave time of national peril, patriotism
should combine with aelf interest to
make them take that course.
"It ia my earnest hope that tho
state banks of the United Slate will
see thi question in it proper light.
They have been joining ther federal re
aerve system, recently in greater num
bers than ever before, but progres
should now be even more rapid. Tbe
federal reserve law is now so liberal
to state banks that they get nothing
but advantages by joining the system,
while they- are bound to suffer serious
disadvantages, epoclally in time of test
ami trial if they remain outside."
Stabilising Foreign Exchang
The secretary disclosed that neutral
countries have entered cordially upon
negotiations lookiug to stabilizing for
eign exchange rates without shipping
from the Uuited States the gold which
has been accumulated here in the last
few years. At the time he prepared
his report, none of tbe negotiation
had been completed.
Uuder the government's system of
forbidding gold exports except under
license by the federal reserve board,
Secretary MeAdoo explained, "the ex
portation of gold has not been permit
ted eaeeept in those eases in which uu
usuul circumstances have seemed to
justify the issue of liceuscs for its ex
port. The department has not, how
ever, rusted contcut with a negative
policy of prohibition, but has initiat
c. u seri-s of negotiations having for
puipoM tue ; substitution or arrange
lueul which, while holding; the uttcus-
nity for liirgd export of gold, would
yet stabili. . tho exchanges (letween
the United Slates aud neutral vuuu-trios."
AllidcJ Kavy
Council Is
Now Created
Members. Will Coordinate
Operations and Report
Repdaflendations to, Gov
ernments'. : . 1.
' ' V '
WASIITNOTOX. December i4(Ai
aociated Press) Creation of an allied
naval council was announced from
Paris yosterdsy in a despatch .received
from Admiral Benson who Is in attend
ance at tho Paris conferences as a rep
resentative of thi country. Th plan
follow those outlined by Lloyd George,
the British premier in Pari and af
terward and has tho support Of naval
officials and th Navy League in thi
country. !'." ;,
Powers Not Executive .;'."'
The" pnrpose bf th allied naval coun
cil will be to coordinate operation just
a will the allied war council coordi
nate land operation. Thi power will
not be excuriv but the member wil
report the- recommendation of this
council ; to their respective ' govern
ments for final action. '
The day following his return from
Paris Lloyd George outlined tho pre
liminary plana for such a council ia a
speech to tho house of common in
which ho said:,
Lloyd Cfoorgo Explain '
"That I why w bave come to the
conclusion that the mere machinery of
liaison' officer which we had, that the
occasional meeting of ; ministers and
chiefs of staff once or twice a year, is
utterly . inadequate, .utterly inefficient
for the purpose) of securing real coor
dination, and that your must have a
permanent body constantly' watching
these thing,' constantly advising npou
them, and constantly- reporting on them
to the government whether as to the
French, Italian, or Russian front.
Nary Haa Need
"With regard to the navy, I can as
sure my right - honorable friend that
representation of the . navy 1 not an
afterthought; it 1 essential that all in
formation regarding naval operations
should be known to these military ad
visers. -That ia a different thing to the
establishment of a naval council and
to coordinating naval strategy.' A good
deal can be said for that. We are suf
fering from lack of it now, anybody
who know what ia happening in the
Mediterranean could tell that. There
is a great deal to be aaid for a si mi
lar cpuncil dealing with naval strategy
to that which Is set' up for mllitsry
considerations. But that ia a very dif
ferent thing."
: ,
Teutons Gain But -Lose
Advantage
In Ypres Fighting
Enemy Takes Six Hundred Yards
of Trenches From British But
Are Expelled At Bayonet Point
In Furious Charge
LONDON, December 15 (Associated
Press) Heavily reinforced Gerinau
forces, strengthened w Ltd artillery, as
Well as Infantry are now operating mi
the Western front. Despite tho rein
forcements the Allied lines are hold
ing weil.
Intense fighting occurred in tho
Ypres sector yesterday, much of tho
engagement being fierce hand to hind
encounters. Early result favored the
enemy but in the latter part of the
day those adavntages were snatched
from them by the British troop at
the point of the bayonet.
Uuder cover of a heavy barrage nid
In almost overwhelming numbers tii't
Teuton massed forces were hurled
sgainst a considerable front in the
Yprea sector. Tho assault succeeded
in taking advanced trenches to a width
Of six hundred yards. The British fell
back in good order, reorganized and
with a strong reinforcement rushed the
trenches and recovered them,
In the vicinity of Bullecourt the
Teutons were conducting a violent artillery-
fire throughout the day in con
trast to the weakness in big guns and
ammunition which waa displayed in
thi sector before the recent Russian
armistice negotiation
!. Although the nature of these nego
tiations were not disclosed, it is under
stood they relate to investments in the
Uuited Slates by neutral capital and
to restriction of -imports from neu
tral. The secretary explained that th
I'nited State - now holds mora than
one third of the world's goldvmonotary
stock. .
OTOdlt To Allies
Up to one week ago credits extend
ed to. allied governments amouuted to
$:t,HKH,006,000. The latest loans have
been at four and one fourth percent,
but Secretary MeAdoo explaiued that
"thia rate iu turo will be further in
creased ia case there should be higher
rates of interest paid by the United
States during the continuance of the
war for the moneys that it may Invest
ib tho purchase of foreign obliga
tions. "
Both Liberty Loans this year, one
kKrKBtiiig $2,000,000,000, and the
other $.,H08,000,000, have been facili
tated, aaid the' secretary, by issuance
of short tint certificates in advance of
the ' loaus. The ' bond -. financing also
was aided by the dosignatiou, of 1903
untioaal and .1343 ntute banks to re
ceive deposits on aceouut of their sub
scriptions without ' the necessity . of
malting application and being desig
nated each time they subscribe to cer
tificate aud bonds and desire to pdy
for them by credit,
ALLIES DRA17
IJEIIP
! ' , "-'.- . v I '
.' ' ' ; ' x i : - .. ' , .
Lloyd George DeclafeV Vanning
' "of Vfar Itf Queotitir.'bf' Tnhd
arid 'Country Must Retrench
Further If It Be Demanded
SEPARATE PEACE WOULD
; BE AFFRONT TO ALLIES
Germans, Are Still Drunk , With
Waf Spirit dnd Arrogance and
Blazon' Victories To World But
' Carefully Cone eal Troubles
1 ON DON, Decemebcr 15 .
sf (Associated Press) Steady
progress by the Allies toward the
much desired goal was asserted
by Lloyd George yesterday in a
speech before the house of com
mons but at the same time he
Called upon the country to1 im
mediately recognize the need for
retrenchment and to act upon
that recognition. Winning of the
war is a matter of' tonnage and
ships now, he said. lie took occa
sion tn c xnrm himelf rlearlv
and decisively upon the possibil
ity of a separate peace made by
r . . . t l.... i. '':
anu iiuw bucii . aciiuu on
the nart tA Russian wnulil lip re-
i - -
garded. .' " ;
' ntrPMAMC inpnr.AMT :
a a a a a w , a w sb
"Despite recent Untoward oc
currences I hold th"jConvictioit
that we and our allies are pro
gressing towards our much to be
desired goal," said the premier.
"Because of thi art T shrmld re
gard actual peace offers., by Rus-f
sia at this time, when the Ger
mans are sun arunK witn toe
spirit of war and are still arto
gantly boastful, as an absolute
betrayal of the trust which we
and our colleagues and our other
allies have placed in them.
"German victories," be contin
ued, "are blazoned to the world
but their troubles have not ap
peared in any of their bulletins.
"The deadly grip of the British
navy, is Having its' certain etlect.
Th valor nf ,iiir trrumu i mak.
ing its impression. ButI want
to warn the nation to watch the
man who thinks that there is any
half-way house between victory
and defeat. There is none and
there pan be none.
"Victory has resolved itself in
to a question of tonnage. With
that tonnage we can and will win
ana we snail nave tne tonnage.
MUST RETRENCH
He declared hat the nation
must continue to retrench and if
occasion tlcmandcil must make
still ' further retrenchments. Un
less this be done there must be
greater than ever sacrifices of the
turhtinir mrn nf the rnnntrv anr
r - - j
its allies.
WAR EXPENDITURES TO
BE
WASUIXOTOX, l)cMubcr U (As
soriutt'd Press) The house toduy or-
dersil an invcstintion of the conduct
6f the war by the war and navv depart-
incnts, aud of the expenditures thin
far niad and the result obtained, the
investigation to be carried on by a
subcommittee which will begin it work
at once, a similar investigation is
unncr way ny a senate siiDcoramir,Tce.
Tha bouse leader intend to have
Secretary Duninls ami 1ns nrtm-insl Im.
Tiruu snu uiiiri..i-H or tuq var-;
io'us boards connected with the nuvy
to tcstifv at the hcariii(rs.
.
UNNECESSAEY WORDS
Why wints word sml ailvprtixhift
spare in ilesi-ribiiiK the inuny points
of merit lu t'liamhei-luio Coiinh Kent
The most fastidious are sutis
(led when we stnte Hint it cure cold
nnd coughs from any mime, and that
it oontaiin absolutely no uarrolics or
injurious Mibtnt-t.' For sulc by all
Healers, ror sale hy ticiiKou, Himtli
Co., Ltd., Attts. for Jlawi-ii.r--Adver-
tioculcut. :

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