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Show Wilson Will Await Eleventh-hour Developments Develop-ments Before Preparing Prepar-ing Message of Recommendations Recom-mendations to Congress; Con-gress; Considers All Suggestions of Advisers. Ad-visers. LEADERS PREPARE TENTATIVE PLANS . Resolutions Covering All Contingencies Are Drawn for Prompt Presentation at Extra Session; Consider Proposal Pro-posal for Vast Allies' War Credit. By E. E. SAETWXLL, Staff Correspondent International News Service. WASHIXGTOX,- JIaroh 27. Upon the events of the next few dnys will depend the recommendations which President Wilson will make to the war congress which convenes in extraordinary extraordi-nary session here next Monday. After the president had threshed over the international situaiiou with his cabinet and with Senator ITiU'hock of Nebraska, ranking Democrat of tho senate foreigu relalious committee, it was stated tonight that the president still has an "open mind" as to tho exact course to be followed. Ho received re-ceived all of the suggestions his advisors would offer, but he did not commit himself him-self as to what legislative proposals ho would favor. The president likew-ise discussed with tho cabinet the preparedness activities of the various executive departments and the plans for mobilizing all of tho resources of the nation for war purposes. pur-poses. It was plain that the momentous message mes-sage which the president is expected to deliver to the congress one week from today will not be prepared until just before it is delivered. The president will frame his history-making a-ddrcss with the full record before him ami after full discussion with all of his advisers. ad-visers. Leaders Prepare. Meantime congreseionnl lpaders will form tentative plans to act promptly and effectively alon anv line the president pres-ident may suggest. (."hairnifln Flood and Democratic members of the foreign affairs committee today bean Die preparation prep-aration of tentative resolutions to meet any suggested action. Those included ft measure declaring war against (er-many (er-many without further equivocation, a resolution declaring the existence of a state of war and placing the resources of the government behind the president to meet the situation :md a resolution indorsing the president's armed neutrality neu-trality programme and providing for complete prepan tineas. The first of lhi.se resolutions is the least likely to be proposed. J '.nth the administration and coiign's.;ioiui I lenders lend-ers believe that, the rrsponsibilit y for a declaration of war should be placed on Germany. Either of the two resolutions, resolu-tions, however, would innke plain tho nation's determination to protect its rights and would be accompanied by legislation placing adequate financial and military power behind Ihe president. presi-dent. Discuss Entente Credit. Congressional loaders also dircus.'e'l the proposal that, the L nited States place at. the dipoal of the entente allies a vast credit, thus backing up the entente campaign with the enormous enor-mous financial resources "f this conn-trv. conn-trv. This proposal will undoubtedly be taken up tomorrow by the I u nio.-r.-it s of the wavs and menus committee of the home, who will m"ot on organization organiza-tion matters. Secretary of the IV-as-!urv MeA.too and the federal reserve I board who are in touch with the fman-jrial fman-jrial resources of the nation, will be con-ulted fis to this plan. In tl.i connect ion, it was pointed out touiu'ht that the foreign securities now h"bi in the 1'nited State, might t,p easil.- vastly extended in amount without danger to American financial institutions. In a preliminary report j (Continued on Pago Two.) . EVENTS WILL SHAPE COURSE DF Willi (Ccrjtlnued from Page One.) on the call for national banks on March 5 the comptroller of the currency tonight to-night declared that the foreign bonds held by national hanks were $33(,0iJ(),-000, $33(,0iJ(),-000, or but little more than 2 per cent of the total resources. This was the first time that a bank statement has made any allusion to holdings of foreign for-eign securities. Tho statement likewise pointed out that resources of the central cen-tral reserve and reserve city banks on March 5 were greater by $210,000,000 than ever before and greater by $4S0,-000,000 $4S0,-000,000 than the resources at the last call, December 27. Vast Resources. The- bank statement concluded with the significant statement that the resources re-sources of all national banks exceeded by more than v$5, 000.000 the combined resources of the Bank of England the Bank of France, the banks of Italy, Spain, Norway and Sweden, the Swiss National bank, the Bank of Japan, the Bank of Denmark ared the German reichsbank. Out of this vast sum will come tho funds which the United States will use to prosecute its part in the impending im-pending war, whether they be used to finance tho entente powers or to supply sup-ply military and naval forces. It was looked upon as significant tonight to-night that the president discussed the senate situation with Senator Hitchcock, rather than with Senator Stone of Missouri, Mis-souri, chairman of the foreign relations committee. Senator Stone has not visited vis-ited the White house since he led the fight which killed the president's armed neutrality resolution in the senate sen-ate in the closing days of tho last congress. con-gress. Sonator Hitchcock is expected to take charge of the administration foreign relations legislation in the senate. sen-ate. Colonel House Arrives, Colonel E. M. House, the president's personal adviser, arrived at the White house tonight from New York. He is expected ex-pected to stay several days. Senator Hitchcock, after he had conferred con-ferred with the president, said that he believed Mr. Wilson still had an open mind regarding recommendations to congress. con-gress. Personally, Senator Hitchcock thought the passage of a resolution by congress indorsing the president's armed neutrality stand would be better than a declaration of war, or a declaration that a state of war exists. Afterward the statement was authorized at the White house that the president had Invited suggestions, sug-gestions, but had not committed himself. him-self. Senator Hitcheoeli said he called to impress im-press the president with the western sentiment against "precipitate action." Country Approves. "I wished the president to know," he explained, "that I believe my own state and most of the people of the western states are most desirous of avoiding a declaration of war, or a declaration that a state of war exists, until no other course remains open. I approve and I believe the country approves of the steps taken toward defense of complete preparations prep-arations looking to war if it becomes necessary." nec-essary." The National Defense Council, it became be-came known today, is considering proposing pro-posing legislation to make possible the systematizing the purchase of supplies of all kinds for the government in case of active warfare. One suggestion under advisement would give the government authority to fix prices in making purchases. |