1918-04-16 — Page 5

Page

TUESDAY, APRIL 16, 1918.

TELEGRAMS.

AMERICAN, REVIEW OF THE

BATTLE, S

ENEMY TO LAUNCH AN -

"(Continued from Page 1.)

A

• OFFENSIVE IN ITALY.

«COUNT CZERNIN RESIGNS

IS IT A PROTEST AGAINST EMPEROR KARL'S LETTER? -

AMSTERDAM. April 15.

A message from Vienna states that The Emperor has accepted County

•Cremin's resignation.

RUMANIA AND GERMANY.

COMPELLED TO SELL CORN SURPLUSES FOR TWO

YEARS.

AMSTERDAM, April 15. In the russian Diet the Food

Controller. Herr Waldow, complain. ed of the devastating effects

of clandestie trading by evailing the regulations.

The probability of an enemy offensive in Italy as soon as the weather becomes more favourable is increasing

AMERICAN LABOUR LEADERS IN LONDON.

EFFORT.

Logoes, April 15. A deputation of American Labour Leaders have arrivél át London it three-werk visit to the muation factories and other centres. The He added that Riiania had been meubels, interviewed, snki titey were compellesi to sell to Germany her already deeply impressed by what com surpluses for the meat two they had already seen of Great

Britain' gigantic effort.

Jeurs

"

SCARCITY IN UKRAINE.

PAMINE FACING THE INHABITANTS,

Zurn, April 15-

THE CHINA MAIL

latest intelligence shows that he is, I am glad to think our #gures be regarded like a drug which is progresing very little in this direction in the Bank show it highly success-difficult to recede from, so that any and our resistance at certain points ful. The applications for War Bonds good reults likely to be obli ed along the line of advance is baulking his have been an an increasing scale would be more than outweighed plan. After a fourth rapulse at Neure during the last few weeks, the sub-the grunter harm to morate and Eglise last night the enemy maintained

his heavy pressure around that place, scriptions reaching 25 to 80 millions credit.

u, moment

WASHINGTON, April 15, -

gaining a-littin ground at a few points a week, and if this rate can be main." In certain quarters there has been The War Scoretary' Weekly Review cast of the village. Heavy attacks south tained or increased borrowing by any a call for what is styled conscription of Balloak extenrling towards Merris other method would not be required.of wealth or levy on capital. How The enemy is waging battle to achieve are continged since this morning The Government have indeed placed this is to operate or to be carried into victory. Bis sole aim today is the tempted an advance on thousand rards which appeals to every class of and let it be remembered that the Yesterday morning, the enemy at at the disposal of the public à security offect has never been clearly defined, anuibilation of the British Armies. Thus front, onth of Lys, but was smothered investor, both Small and large;, to contributions of invested capital to termin counts for but little. If the by artillery. Another advance from him who wants a short investinent, the revenue of the country by way enemy can master driving power herville was likewise tung bock, while to him who wants a long one, together of ivvine tax, super tax and death there was an intenso terabardament with the opportunity of converting duties are alwady on a very con will continue his assanilta.

Wytachasteand Kemmel Ridge. When to secure any new loan that may be that capital is only a helpmate to the heralding enemy infanter betroen into the old War Loin and an optionsiderable seaks, But were it true they came they were caught by: ceritrated retaliatory barrage issued, kaving him the choice also idle rich to spend their lives in otso Our withdrawal tear Locon towards security subject to income-tax and lusiny, then. I should say, by. La Bance Canal was to more favourable one on which the tax has been all means let capital go. But all defensive positions.

compounded Indued the merits of workers juust know that capital is I judge the most critical period of the ine which have been very cure essential for the carrying on of all our IMPRESSED BY OUR GIGANTIC the battle was on April 12. This was have been recognized in rider circles, enterprise, for Puding employment

fully thought out, seem only now to

industries, for elling into life now the stage when, had the enemy prased and what is most satisfetory is the and proving better conditions and a his advantage, the consequences would have been serions. His failure" to: im- router interest which smaller higher standard Air-Being to millions prove his opportunity was presumably investors are taking in our Govern of our population. No doubt it has. because he could not Since then, theront issues. Thugh the courtesy its duties too, which are becoming has been a steady improvement in the of the Chairman of the War Saging more and more regnisyl;, but the general position.

Committee Liye been able to obtain working classes themselves, must The latest news is very encouraging; certain figures which how the Mishknow that in their own interests almost cheering Notwithstanding the contributions of the hill investor capital must not be either curtailed continued offorts of the enemy the line and I should like to say that the for driven out of the country, but ia bolding.

work undertaken and successfully rather, attracted to it. Apart, how- terrible and the hardships extreme.

Prisouers state that the losses were carried out by the National War Sar ever, from mere questions of self-

ings Committee annot be sufficiently interest, I cannot for The formidable thruit is at present commended and is, in my opinion, believe that any repudiation of arrested and every hour diminishes the hurdy yet recognised. There are bligations once incurred, or inter- snemy's prospect of success. His posinos 1,640 Countnitters in England ference with pinkle or private credit tion, tactically, is not good and cond and Wales, and the number of could possibly commend thermoltes. tions might develop to render it

affiliated distinctly bad.

Associations throughout to the people who went to war for a England and Wales is 98,400,"and scrap of paper there are about 4,000 more in Scot- These remarks were put down land. The total number of War before the debate in the House list | Savings Certificates sold to the 20th night. 'I do not know that that January was 141,600,000-this is the debate adds very much to our know. umber of cettifestes and not the ledge. We are told that it is a purely sterling equivalent. The member Aidemic.question. If so, I think it ship of the War, Savings Associations, a pity it has been raised, because is over four millions, who are con-discussions of purely academic ques tributing weekly to the National [tions at such a time can do 10 Exchequer mnall sums of Bd. and possible good..and they nertainly give upwards. There are 11.540 Associa. rive to a great feeling of insecurity.all tions in schools throughout the coun- over the country. What is in the try, and in many of these the mind of the Chancellor of the Exabe. contributions are accepted, in pence.quer is quite a different thing, it The ovenient must have a most appears to me, from what certain important influence and is bound to advocates of that policy have in their have a considerable effect on the minds, and I think that should be habits of the coining generation. In clearly stated and recognised. As I estimating the value of the sims said, capital contributes already very collected from the small investor the largely. Death duties are a levy on mostly moues which, if not saved in which at some time may have quite public should recognise that this capital very heavy cne, and ope this way, would have been spent on serious influences. the very articles of, which there is s Mr. Jony Henors: We cannot do [shortage at the prosent time and is, without capital, sir. f

therefore, much more valuable sy

THE SILVER MARKET.

LONDON, April 16: The Silvor Market is steady.

OBITUARY.

SENATOR STONE

WASHINGTON, April 15. The death is announced of Senator

A corresponent of the Frankfurter | Zeitung in Ukraine senda a very gloomy account of the conditions. Shops and warehouses are empty. The pensants, stocks ha re been Stone. depleted and the best seed con la used for feeding cattle and for secret distilling. The peasants have destroy, } ed their fat machinery and have slaughtered their cattle. No agricul tural labour is available for the harvest.

ORIGINAL HOME OF ZEPPELINS DESTROYED.

SERIOUS CONFLAGRATION IN GERMANY.

EARLIER TELEGRAMS.

THE GREAT STRUGGLE.

ATTACKS REPULSED BY BRITISH.

reports:-

LONDON, April 14.

NO INFANTRY ACTIONS ON FRENCH FRONT.

LONDON, April 14.

A French communiqué states: There were reciprocal bombardments at several parts of the Front but no infantry actions.

GERMAN REPORT.

LONDON, April 14, A German oficial message reports successful engagements between Nien wekerke and Vieux Birquin.

THE RHEINLAND SALVED!

**

STOCKHOLM, April 15.

which was said to have grounded of The German battleship Rheinland, the Aaland Islands, is reported to have been refloater, but is badly damaged.

BRINE, April 15. This great shed near Frietrich slafen, the originale of Zeenemy's losses throughout have heen BRITISH WAR FINANCE,

CAY

pelins, was destroyed by fre Saturday night us a result of an explosion. The lanes were visible throughout Easter Switzerland.

THE LABOURITES AND IRISH CONSCRIPTION.

1

Field Marshal Sir Douglas Haig After many hours obstinate fighting ducing the night and this morning about Neuve Eglise we remained in possession of the village. The attacks were pressed with great determination and the heavy. The enemy, to-day renewed his attempts against the village and fighting INTERESTING SPEECH BY SIR

We repulsed, this morning, attacks in the neighbourhoods of Bailleul and Merrie.

continues.

FELIX SCHUSTER.

Sir Felix Schuster, Governor of the Our artillery dispersed infantry as Union of London and Sraiths Bank, tempting to attack, in the forenoou, Limited, in the course of his address | north-west of Merville.. The hostile at the annual general meeting of artillery in more active in the neigh-shareholders on January 20th allud. ed to Government finance in the following terms

UNEXPECTED OPPOSITION BY bourhood of Albert.

'THE PARTY,

LONDON, April 15. The Daily News states: A serious Government position has developed during the week-end. The Labour Party is opposed to conscription in Ireland, without Herae Rule. The Labour Ministers are therefore, con- sidering the position. It is under- stood that Mr George: N. Barnes (the Minister of Pensions in complete disagreement on the matter, D.

THE COMING HOME RULE BILL.

A PARLIAMENTARY FORECAST

LONDON, "April 15.

ary Correspondent gives the following

*

The GOVERNOR: No.

"

I did not

thus the amount would signify want to give you too many figures, A good many Local Authorities bear but I have had a return before me a great portion of the expenses of which is very interesting. It shows their Local Committees, and justify in all cases a decrease in the number their action by the argument that the of super tax payers, in euch class in promotion of habita of "thrift, will which they are graduated. diminish pauperism in their district One, form of Government indebted, i and thereby relieve the rates. While ness shows an increase which I admit i this saving has been going on there gives me some concern and the cause has been no decrease in Post Office of which I do not quite understand. Savings Bank deposits, which at the allude to the currency notes, which beginning of the war were 188now amount to $212,500,000. I ean-") AVIATION REPORT.

millions while now they are 208 zot think how there can be such The figures dealt with are on such millions, and the Trutée Sayings demand for this huge volume of Reporting or aviation, Sir Douglas Haig says:

gigantic scule that they would Bunk deposits have only decreased small currency, and this is certainly Our low-fiers reconnoitred the battle-cnicely have been concrívible to any by about 25 millions. The total a form of inflation which ought to be front dropping 1,200 Lombe on the of us before the war.. The Budget subscribed in £X) Wis Savings very carefully watched and should be enemy's troops or the roads leading to introduced in May lust gave the Certifientes sold is 243 millions, reduced at the earliest moment. the Front. A few air-fights took place actual expenditure" of "one" year at bringing the aggregate received for There is a critical period before us, with indecisive results. One of our 3,200 millions and a revenue of 578 War Savings Certificates up to 1052, not only us regards, the conduct of the machines is missing.

millions. Of the total Nutional millions. The amount invested in war itself during the next few Expenditure during the war, no leva Government securities through, the months, but also as regards the fini than 1.137 millions, or fully 26 per Trustee Suvings Banks is 15 millions, inl and economie questions that will cent, had been provided out of The total investments of the mall have to he solved when the war revenue. This is a very important investor in Government securities are comes to an end. We shall have to. LONDON, April 14 point which struck me when I went estimated to have been 258 millione face both with endurance and forti Renter's Correspondent at Headquarover the figures. It is important to up to the end of last year. Only tude. Taxation must necessarily be tere, telegraphing this evening, states bear in mind when sometimes we those who have any experience of high upd remain so for many years. Abittercast wind ie raging in Flanders look forward with anxiety to the huge what it means to collect such. It will test the powers of statesman- and the visibility is very low.

accumulation of debt, how is the amounted in small sums can really ship and foresight to the utmost to

THE SITUATION GENERALLY UNCHANGED.

JUST RECEIVED A NEW SHIPMENT OF

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TOMBOLA

(IN AID OF

WAR CHARITIES)-

and we, likewise, are steadily increasing puid 26 per cent, out of reveme, and that has been put forth in this direc- taxation so as to produce the largest

The situation is generally unchanged interest to be met? Well, we have appreciate the magnitude of the effort devise the best means for miding 50CIETY OF ST. GEORGE,

our forces, consequently the battle, is provided this large amount of 1.187tion, and I do not think the public revenue and interfere as little as more stationary although it is as intense trillions during the war. I think that can do better than read the pamphlet possible with the industrial develop- The Daily Telegraph'a Parliament-án ever.

may be a confort to us in looking at issued by the National War Savings ment of the country: The country THE PRIZES WILL AVERAGE 6 Yesterday morning, the Germans the finance of the future. The Committee and give the Committee will love to produce more and to launched a heavy attack against the estimated expenditure for the present most cordial support, for not only buy less, and taxation should, it ray forecast of the Home Bule Bill: length of front they have been attack-Braincial year cane to food mi rotin, does this work assist in carrying of opinion, not be bused only upon FOR EVERY 100 SPILLS SOLD.

An Irish House of Commons coming continuously but nasuccessfully for the total estimated revenue to 039 the war, but the educational service income but especially upon expendi posed of 200 members, 80 of whom the past two days, undoubtedly calculatrillions, leaving a balance, to be in promoting habits of thrift and ture, and particularly in respect of

ing that the British were worn out and will be guaranteed to the Unionists, that another smashing blow would finish provided by lonus of 1,850 millions. teaching the public their benefit must expenditure upon luxuries. Every and a Senáte to consist of 84 mem-ua. Bat fresh reinforcements hoiping By thus 81st December the estimated be of incalculable value in the future. one of us will be poorer with very few If the small investor has thus come exceptions: Everyone of us will have bern. representing different interests. the defenders fing back the enemy had already been exceeded by 42 forward he is giving evidence of his to work harder than ever before, to increase in revenge for the whole year Forty-two Irishmen will sit in the manses with terrible loasen,

The methods of the enemy attacks millions.. Expenditure, of course, has Aaving power and confidence in the spend less, to save more, and every House of Commons. The Irish

make heavy losses absolutely inevitable. also greatly exceeded the estimate future of the country; those whose effort must be made for increased Parliament will have full power His formula of shock tactics consista in During the year 1917, the amount income is on a larger scale have an output of individual effort and internal legislation, administration pushing forward a succession of denseof new money obtained by nieans of even more imperative duty to do all national production. If such efforts waves at close intervals and as the front the War Loan issued in January was, they can so that financial considera-be made and sustained I feel that we line is killed off others press on by the 17 milions, the total of this Loun, tious aball not interfere with the can face the future with hope and sheer weight of man behind. Frequently, including Conversion Amounts, being successful, prosecution of the war, confidence. the advanse has been checked by a barabout 2,100 millions, Exchequer and they can do so not only by invest rier of piled-up corpses.

Bands produced £82,000,000, War ing to the largest mesible degree hut, Our rearguard Eghting has been most 1 Savings Certificates £68,000,000, and more.especially, by reducing skilful and most valinut beyond words,ether Tebt, which includes loans expenditure to the lowest possible while our machine gunners, holding s series of little posts have poured balletised abroad, but from which allow. limits,

and direct taxation. The other mat sters will be decided after the war.

THE TRISH CONVENTION'S

LABOURS.

into the enemy until their ammunition advances to Allies, amounted to 650 tried to show, offering an attractive ance will have to be made for our While War Bonds are, as I have

NEW YORK, April 15.

has become exhausted.

AMERICAN COMMENT

The New York Tithes, commenting

on Sir Horace Plunkett's letter to

air. Lloyd George, says The

· SHANGHAI GAB CO. DIVIDEND.

The directors of the Shanghai Qua

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Among the presents received for the TOMBOLA ar“ the following:

Inanmorable Bliver articles. Two Pianos; (Gramopho

The tasin, body has slowly fallen back millions, and National War Bonds to form of investment and should ro, Lid, have decided to recommend upon prepared positions and each. back-207, millions, while, the amount of appeal to everyone, other methods payment of dividend for 1917 of PRIZES are on SHOW at 13, Queen's Road ward stop has been made perfectly Treasury Bills paid off on balance bave been advocated and particularly 112.50 per share, being at the rate methodically, exacting the full price for was 57 millions. Thus it can be that of becrowing on premium bonda, of five per cent, or the paid up capital Sein Feiners chose to obtain a what has been yielded. Never have troop maintained that not only did the War" a not very clearly defined expression, and that Tis 140,365,19 Lewriten off Convention, ostensibly wanting a fought with such superb courage and Loan attain a far greater success than and opinions seem to vary as to what for depreciation of plans and buildings, Republic, grotesquely initiated under tenacity as oursarenow displaying. They the most optimistic forecasts anti- it actually mean. The Parliament Tis, 20,100 transferred so-renewals and German auspices. It remains the and Sir Douglas Haig's, order has vastly its endeavour to reduce fosting debt purpose of considering this form of warried forward to next account.

have got their backs to the wall indeed, cipated, but the financial policy inary Committee appointed for the lepreciation secount, and TI-, 30,453.53 fashion to belabour the English be heartened them. The British have and replace it hy more permanent borrowing did not renominiend is; and coume the Iriell cannot decide on the learned the value of the fighting forms of loans is one that has already perlupe it may be of interest to give 5

qualities of the poilu The French are been successful to a certain degree you the best American opinion on sort of Government they want. indeed magnificent. Their morale is and abould be further, ertended. I the subject, obtained from one who conspicuously one of irresistible, con think it is in the hands of the public is now on the mot and in the best

·SUBMARINE BOMBARDMENT OF fidence.

MONROVIA RESUMED

The enemy is apparently endeavour-

at large to support the Government's position to judge. They are der in 1ing to gain command of the line of financial policy to their utmost, and financial circles in the United State MONROVU, April 15. communications between Bailleul and if they do so the eue of another that such a form of, borrowing would the North, and he is fighting desperately huge loun, with all its attendant dis be regarded as a warkoning of public The submarine bombardment, embled with mechanical bravery and iron advantages and dislocation of the morale in this country súd a jailore on the 13th inst, was resumed to day at discipline. The enemy also apparent. mobey market, will be quite unneces of the appen

ly hoping to envelope, the forest of Desary. The present method of Adequate atapa have been taken to Nieppe by thrusting through Hazebrouck tinuous borrowing entails the least

count protect the Libertang

and from thence southward, but the disturbane of the money market and very

bonds are stoly.

not rank

that such borrowing

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}