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Show THE GERMAN CREDIT PLAN TOBE! REVISED NEW BILL TO BE INTRODUCED IF WAR CORPORATION RE. VIVAL IS VKTOED. Commission Would Have Authority to Accept Bonds of the German Government as Security for the Credit. Washington. Introduction In congress con-gress of a revised bill authorizing 11 credit to the German government for the purchnso of American products Is uwaltlng nctlon by President Wilson upon the resolution for the revival of thu war finance corporation. William Wallace Hrauer, New York exporter, ngeut of the German government govern-ment lu negotiating a loan from tho United States nud In making purchases pur-chases if It Is granted, snld Hint lu Clise of the voto of the war finance corporation resolution, the new bill will provide for the appointment of n commission by the president. This commission would have authority to accept bonds of thu German government govern-ment us security for the credit und to sell debentures us a means of obtaining ob-taining the money needed. In case of veto of tho war flnuuco corporation resolution, It Is presumed that President Wilson also would veto any German credit measure, Inasmuch us Secretary of the Treasury Houston Is against both propositions. In that case the bill probably will not ho pa sued until the new administration conies In. If President Wilson signs thu war finance corporation resolution tho German credit bill will provide that the matter be bundled by that body. |
