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Show II BILLION PASSES SEN IT E Largest Measure of Its Kind in the World's History Finally Put Through Without a Roll Call or Dissenting Voice; All Amendments Amend-ments Defeated. ACTION ALREADY TAKEN BY HOUSE President Wilson to Affix Af-fix His Signature Early in the Week; La Fol-lette Fol-lette Fights to the Last to Limit the Time for Redemption. L WASHINGTON, Sept. 15, The war credits bill, authorizing new "bonds and certificates aggregating $11,535,000,000 and the largest measure Of Us kind in the world's history, was passed by the senate late today without a roll call or dissenting vote. It has already passed the house and will go to conference Monday. Senators , Stone, Smith, of Georgia and Smoot were named tho senate sen-ate conferees. Few changes were made in the "bill by the senate. The most Important senate amendment was that of the finance com- mittee in Increasing from one-seventh to one-fourth of 1 per cent of the bonds and war savings certificates authorized, the expense allowance for their flotation, and decreasing the allowance for the indebtedness in-debtedness certificates from one-tenth to one-twentieth of 1 per cent. Amount Unchanged. As the senate did not revise the amount of security issues proposed, they cannot be changed in conference. There are ?7. 5315,9-15,160 of convertible i per cent bonds, subject to income surtaxes and war excess profits taxes, and $2,000,000,-000 $2,000,000,-000 each of war savings certificates r.nd ? temporary certificates of Indebtedness. ' The senate late today adopted an amendment by Senator Follette limiting limit-ing the interest rate on the savings certificates cer-tificates to 4 per cent, but the rate on the certificates of Indebtedness Is left to tho secretary of the treasury. Other amendments by Senator Ia Follette were rejected. x Of the new bonds authorized, $3,000,-000,000 $3,000,-000,000 are to convert the per cent Jjiberty loan securities at the new 4 per cent rate and the remainder, excluding p the new $-1,000,000,000 for the allies, are )j . to take up the outstanding Danish West Indies, Alaska railroad, naval bases and Panama canal bonds. Senators Slow. , , After a quorum had been secured by scouring senators' offices and committee rooms, Senator La Follette called up his amendment to make the bonds redeem- s, able within five, and not longer than t wenty, years from issue. Such provisions provi-sions were essential, he said, and only fair to tho TTnited States, so as to permit per-mit the government to readjust Itself later to meet financial conditions that may develop. Terms of tho Liberty loan, made to i run' thirty years, without tht privilege of redemption under fifteen years, wort assalted by Senator Ii Follette, who declared de-clared millionaires made heavy subscriptions subscrip-tions because, with the taxation exemption, exemp-tion, the bonds would yield them SHi Per cen t. "We have drifted into the habit of divesting congress of all responsibility," lie said, "excepting to vote for measures put forth by executive heads of the administration. ad-ministration. The Liberty bonds tie the government's hands for fifteen years and tho people will have to pay Its interest " by consumption taxes long after the war is over." Senator Ia Follette's amendment limiting limit-ing the lire of the new bonds to twnety years and permitting their retirement after seven years was rejected by the senate, 39 to In. |