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Show Oify 0019 BILL FffiSTHE HOUSE Measure Framed in Accordance Accord-ance With Recommendations Recommenda-tions of McAdoo. WASHINGTON, March 30. Tho Liberty loan bond bill was passed niianimimslv by the bouse tonight in virtually tho same form as reported from 1 li o ways and means committee, which framed it in accord with recommendations recom-mendations of Secretary McAdoo. It now rocs to the senate, which is exported ex-ported to pass it Monday. The only section of the bill to which there was serious objection was the one providing that in determining the value of shares of national or "state banks for taxation by state or local authorities the value of government bonds be deducted. It finally was iimendcd to apply only to bonds issued during tho war. A motion by Representative Dominic of South Carolina to have the section eliminated was voted down. T general pla n of raising huge jTftfsi by bond issues without increasing Taxation was attacked by Iieprcscuta-tives Iieprcscuta-tives Keating of Colorado and Hud-dieston Hud-dieston of Alabama, Democrats, and Green of Iowa, Republican. Answering Answer-ing these arguments, Majority Leader Kitchin said be believed taxes should be increased 2.) per cent and probably would be, but "possibly" not at this session of congress. The bill as passed gives Secretary McAdoo authority to issue $S, 000,000,-nOti 000,000,-nOti in certificates of indebtedness, to issue $-1,500,000,000 more of Liberty bonds in addition to the $3,666,000,000 now authorized, but unissued, fixes the interest rate on the third bond issue at 4Vi per cent and authorizes the loan of an additional $1,500,000,000 to the allies. |