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Newspaper Page Text
WALL ST. ALARMED AT PLANS
FOR FINANCING WAR
New York, April 4. - Wall street
Relieves Sec'y McAdoo should call a
general conference of experienced
bankers to devise ways and means
of financing war with Germany.
Plans for sale of bonds, with no
remuneration for service, already are
being made. Wall street is thinking
of war, not in millions, but in billions
Wall street does not take kindly to
the president's "pay-as-we-go" plan
of financing the war, and it is deadly
opposed to the plan for putting the
burden of financing the war upon the
rich by heavy taxes on corporation
'profits, munition making profits and
big individual incomes.
It is history that the very wealthy
grow wealthier much more quickly
during war times, while the poor
grow poorer. Wall street does not
wish the burden of war taxation
shifted from the backs of the poor
and the middle-class people who
have heretofore always" carried it
The big money street is flag-bedecked
with colors almost touching
across the street This is considered
a manifestation of patriotism, by
some it is considered a rejoicing at
great profits to come if war is de
clared and the bankers can prevent
in some way the putting into effect
of the administration's plan to make
the rich and the war profiteers pay
the cost of war. "
TO PROTECT STOCKYARDS
,In order to protect the stockyards
against the schemes of agents of any
foreign government the packers are
planning to build a stockade around
"the entire yards. It will have only
two entrances, both of which will be
1 heavily guarded, and barbed wire will
be placed all along the top of the
fence. Packers and city officials con
ferred on protection plans yesterday.
120 policemen will be assigned to
duty at the yards and three new fire
companies will be installed, equipped
and placed in operation at once.
SAN QUENTIN SEEMS DOOMED
WITHIN TWO MILES OF IT
London, April 4. Perfect co-ordi
nation between French and British
forces smashed allied ring of steel
still closer to SL Quentin today.
While British feinted, as If In contin
uation of their assumption of initia
tive during past few days, v French
suddenly drove great thrust forward
on front of eight miles south of St.
Quentin and captured three villages
and a dominating series of heights
two miles distant from town. Then
British resumed their steady pound
ing at German lines.
It is a race between the British and
French forces now to see which will
take city first. They are almost
equally distant. British hav.e a scant
few hundred yards' advantage and,
like Gen. Nivelle's troops, also hold
dominating ridge. Both armies were
renorjed today to be pushing steadily
WAR BRIEFS '
London. Viscount Bryce, former
ambassador to Washington, says en
trance of the U. S- into the war
will shorten it.
Savanna, Ga. Hour has arrived
for Americans to stand as unit be
hind president; party, racial and re
ligious differences must be sunk into
melting pot of common cause, said
J. D. Rockefeller.
London. F. P. Lawrence, editor
and "peace by negotiation" advocate,
beaten for house of commons by Sir
John Fleming, war advocate, by 3,283
Urbana. Pres. E. J. James of III.
Univ. offers services to president in
whatever way it may be desired.
Paris. Gov't will fix price at which
wheat may be sold.