The Independent . a dissenting vote the largestloan ever voted at one time by anylegislative body in the world. No suchunanimity has been shown by Congresson any previous occasion since thediplomatic crisis with Germany firstbecame acute. The present plan isto loan $3,000,000,000 to the Alliesto finance the prosecution of the war,to use $2,000,000,000 worth of bondsfor the military necessities of theUnited States and to keep $2,000, worth of certificates of in-debtedness as an emergency funduntil the receipts from the incometaxes come in. The interest on thebond issue will be 3% per ce
The Independent . a dissenting vote the largestloan ever voted at one time by anylegislative body in the world. No suchunanimity has been shown by Congresson any previous occasion since thediplomatic crisis with Germany firstbecame acute. The present plan isto loan $3,000,000,000 to the Alliesto finance the prosecution of the war,to use $2,000,000,000 worth of bondsfor the military necessities of theUnited States and to keep $2,000, worth of certificates of in-debtedness as an emergency funduntil the receipts from the incometaxes come in. The interest on thebond issue will be 3% per amendments to the loan billwere offered in the House, but theonly important changes agreed to werethe reduction of the maximum expen-diture allowed for the flotation of theloan from $12,000,000 to $7,000,000,the limitation of the loan to nations atwar with Germany and during thecourse of the war, and the prohibitionof bond-selling below par. 157 158 THE INDEPENDENT April 21, 1917 ScaJe of MilesO I 2 3 4-5. THE RECOVERY OF FRANCE The shaded area shows the trains that have been made in the Somme sector since the Germans established themselves on the original line in the fall of 1916. A greater advance has been made since February than in the two and a half years preceding. While the British are attacking at St. Quentin they have turned the end of the Hindenburg Line at Arras Divided Councils ™e newly estab-. ~ . hshed Provisional in Russia n — 4. • Government is meeting with serious difficulties fromopposite quarters; from the adherentsof the old regime and the extreme So-cialists. A counter-revolution is threat-ened and it has been found necessaryto arrest two cousins of the ex-Czar,Grand Duke Boris and Grand DuchessMarie Pavlovna, for complicity inroyalist plots. On the other hand theradical wing of the labor party is try-ing to stop the war immediately byfraternizing at the front with theircomrades in the German army. In factthe Socialists of the two countries ha
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