St. John's Daily Star, 1917-01-12

              the st john's daily star newfoundland volume 111 3.00 per annum friday january 12 1917 price one cent no 10 bonar law tells of new war loan v some of the new bonds will yield five and a quarter per cent oth ers four per cent government creating a sinking fund in con nection with the loan bcnar law's confiden ce in success of the scheme •*'-. ■ j i -\. jan 12.—1n his announce men on the war loan bonar law ] the investment would be on better | terms than would be offered in the fu ture there was no limited rate of in-j it the government would pay for ! the money he declared but so far as i he could forecast the future a higher ' oi interest than at present would c paid r law outlined the terms of the ! war loan approximately as had forecast the bulk of the issue : he five per cent bonds held at 95 yielding approximately five and nailer per cent ; will be four per cent bonds i income tax tc be sod at par * ihe five per cents will be iss-ued for leriod of thirty years with the option \ edemption after twelve years the fours will run for twenty-five years with the same option five per-cent subscriptions must be paid with the application the re mainder will be payable in equal in stallments before may 30th ihe previous war loin may be converted into a new war loan at par j i similar provisions are i the i conversion of various type of short term paper issued in the last few months the foreign holde o the new loan will not be liab.'e o the british income tax the sinking fund provision out lined by bonar law was the most striking innovation in connectie*n with th.c new loan this is the first time that a british loan has been issued with a sinking fund provision the gov central news photo service new york andrew bonar iyaw absolutely refuse to talk compromise allies replying to pres ident wilson's peace note make it plain that they are determ ined to relax no ef fort in prosecuting the war—are anxious for peace but want peace that will last for many generations l_f ashi gton jan 12—the traas t-j*f lation of the french text of the lente note cabled by ambas ior sharp paris blows i • allied governments have re reived the note which was delivered them in the name of the government of the united states on the 19th of december 1916 they have studied it with the care imposed upon them both by the exact realization which they have of the gravity of the hour and by the sincere friendship which attache them to the american people in a general way they wish to de clare that they pay a tribute to the elevation of sentiment with which the american note is inspired and that they associate themselves with all their hopes i with the project for the creation of a j league of nations to insure peace and justice throughout the world sympathise with u s they recognize all the advantages for the cause of humanity and civiliza tion which the institution of such agree ments are destined to avoid violent conflicts between the nations would prevent the agreements and there must be the sanctions necessary to insure their execution and thus prevent appar ent security from only facilitating new aggressions but the discussion of fut ure arrangements destined to insure peace pre-supposes a satisfactory set tlement of the actual conflict the allies have as profound a de sire as the government of the united states to terminate as soon as possible a war for which the central empires are responsible and which inflicts such cruel sufferings upon humanity bu they believe it is impossible at the pre sent moment to attain a peace which will assure them reparation and resti tution and such guarantees which they are entitled to by the aggression for which responsibility rests with the cen tral powers and which principle itself tenders to ruin the security of europe and a peace which would on the other hand permit the establishment of th future of european nations on a solid basis not self-seekers the allied nations are conscious they are not fighting for selfish interests but above all to safeguard independ ence as the peoples right and humanity the allies are fully aware of the losses and suffering which the war causes neutrals as well as belligerents and they deplore them but they do not hold themselves responsible for them having in no way either willed or pro voked this war they strive to reduce these damages to a measure compatible with the in exorable exigencies of their defence against the violence and wiles of the enemy it is with satisfaction therefore they take note of the declaration that the american communication is in no way associated in its origin with that of the central powers transmitted on the eigh leenth of december by the government of the united states they did not doubt moreover the resolution of that government to avoid even the appear ance of a support even moral of its authors who are responsible for the war friendly protest the allied governments believe ; they must protest in a friendly but i most specific manner against the sim 1 ilarity established in the american note ' between the two groups of belligerents , this similarity is based upon the public . declaration by the central powers and ' is in direct opposition to evidence both | as regards the responsibility for the past , and the concerns and guarantees for 1 the future president wilson in mentioning it certainly had no intention of associat ing himself with it if there is a histor ical fact established at the present date lit is the wilful aggression of germany premier lloyd george as he appears in action in the house of commons pres wilson's peace note the st john's daily star correspondence washington dec 31.—the notes sent by president wilson to the belligerent powers are prefaced with this instruction by secretary lan sing to the american ambassador presenting them the president directs me to send you the following communication to be presented immediately to the minister of foreign affairs of the govern ment to which you are accredited the texts of the notes themselves then begin identically as follows the president of the united states has instructed me to suggest to the herein is inserted a designation of the government addressed a course of action with regard to the present war which he hopes that the govern ment will take under consideration as suggested in the most friendly spirit and as coming not only from a friend but also as coming frdm the repres entative of a neutral nation whose interests have been most seriously affect ed by the war and whose concern for its early conclusion arises out of a manifest necessity to determine how best to safeguard those interests if the war is to continue at this point the texts vary to the central powers in the notes to the central powers this paragraph follows next the suggestion which i am instructed to make the president has long had it in mind to offer he is somewhat embarassed to offer it at this particular time because it may now seem to have been prompted by a desire to play a part in connection with the recent overtures of the central powers it has in fact been in no way suggested by them in its origin and the presi dent would have delayed offer ing it until those overtures had been independently answered but for the fact that it also con cerns the question of peace and may best be considered in con nection with other proposals which have the same end in view the president can only beg that his suggestion be con sidered entirely on its own mer its and as if it had been made in other circumstances to the entente in the note to the entente allies the following paragraph takes the place of the one just quoted the suggestion which i am instructed to make the presi dent has long had it in mind to offer he is somewhat embar rassed to offer it at this par ticular time because it may now seem to have been prompted by the recent overtures of the cen tral powers it is in fact in no way associated with them in its origin and the president would have delayed offering it until those overtures had been ans wered but for the fact that it also concerns the question of peace and may best be consid ered in connection with other proposals which have the same end in view the president can only beg that his suggestion be considered entirely oh its own merits and as if it had been made in other circumstances proceed identically then all the notes proceed identically as follows the president suggests that an early occasion be sought to call out from all nations now at war such an avowal of their respective views as to the terms upon which the war might be concluded and the arrange ments which would be deemed satisfactory as a guarantee against its re newal or the kindling of any similar conflict in the future as would make it possible frankly to compare them he is indifferent as to the means taken to accomplish this he would be happy himself to serve or even to take the initiative in its accomplishment in any way that might prove accept able but he has no desire to determine the method or the instrumentality one way will be as acceptable to him as another if only the great object he has in mind be attained objects of the nations he takes the liberty of calling attention to the fact that the objects which the statesmen of the belligerents on both sides have in mind in this war are virtually the same as slated in gen e»al term to heir own people and to the world each side ac-.-.es to make the right and privileges of weak peo ples and small states secure ag wression or d al in the future as the hun peace talk just baited trap germans talked peace but refused to submit terms when request ed and british premier declares they acted deceitfully — world knows the objects for which britain and her allies are waging the present war ondon jan 12.—the attention of london was focussed today on the guild hall where british financial lead ers assembled for lunch and a new war loan meeting under the chairmanship cf the lord mayor and to premier lloyd gecrge the principal speaker fell ihe task of explaining to the city's finan ciers merchants and citizens the de tails of the great financial operation which the new chancellor of the ex chequer is to place before the country tomorrow in a formal prospectus interest in the promised speech w*v whetted by his recent visit to rome which was expected to figure in his re marks and to afford a kejnote for a country-wide war loan campaign oi the next few weeks the best security for peace in the future premier lloyd-george said would be obtained when the nations banded themselves together to punish the peace breakers forty-minute speech lloyd-george spoke for forty min utes dealing only briefly with the war loan the premier then turned to the | question of the german peace offer j saying the kaiser sent out the message to is people that the entente had re-l jected his peace offer that was done to drug those whom he had been un able to dragoon but where are the actual german peace offers the allies asked for them but the germans did not offer any terms they only offered a trap baited with fair words such words tempted us once but the lion now has his eyes open we have rejected no terms but we have seen that war is better than peace.at the price of prussian domina tion of europe made position clear the allies have made clear in their reply to germany and still clearer in their reply to the urffted states that before they attempt to rebuild the tem ple of peace they must see that the foundations are solid i have just returned from the coun cil of war of the four great allied countries upon whose shoulders the burden of this terrible war falls lloyd george said i cannot give the con clusions reached there but there were no delusions as to the magnitude of our task neither were there any doubts as to the result we looked all the difficulties in the face probed them made arrangements to deal with them and we separated with the feeling that if victory is difficult defeat is impos sible £ no flinching there was no flinching no wavering faint-heartedness or infirmity of pur pose there was a grim resolution that at all costs we must achieve the hi<di aims with which we accepted the chal lenge of the prussian military caste and rid the world forever of its menace one thing that impressed me at this conference is the increasing extent to which the allied peoples are looking to britain trusting her rugged strength and great resources she is to them like a great tower of dependence she is becoming more and more the hope of the oppressed and the despair of op pression today the armies of britain are more formidable than ever before in train ing efficiency and equipment the pe r mier said further the nation can de pend on it that if it gives the armies the necessary support they will march the road to victory must support army through the clangers and perils of the next few months we must support them they are worth it i want to see i your checks hurling through the air to the enemy entrenchments every well directed check properly loaded and timed is a more formidable weapon of destruction than a twelve inch shell it clears the pathway through the bar bed wire entanglements for our brave men to rush through a big loan now will win the war let no money be squandered on luxuries or indulgences do not thiow it away put it there to back up the valour of our soldiers the more we get the wr er will be the victory and the shorter will be the war the more we ret the sma'icr will be the cost in treasure and in tie greatest treasure or a the blood of brave men war of equipir eul th's is a war of equipm ri why are the germans pressing back our valient allies ii roumania not because they are better fighters the roumanian peasant proved himself the doughtiest figh'.er of the world when he had a chance he never had one as for the russians the way in which with bare breasts they ioa . ior two and one half years with ihferio gu ?*.-•>. insuffi ent rif.es ana inadequate supplies of munition is one of the tales of hero ism of the worlds history let us help to equip them and it will be another story this loan is a rjbod investment now it will be better after thrs war i do not know a nation thas will dare touch ur after the war they had forgotten whav vc were like in old days but it will ake them a long lime io forget this les con before the war began we had many shortcomings in business and in dustry the war is setting things right in a marvellous way our factories are scrapping old machinery discarding o!d slipshod methods and discontinu ing hampering customs i do not know what the national debt will be at the end of the war but i venture the prediction that whatever is added,will be a real asset to the re.-l riches or the nation y&?**?&?tl*l&?l munitions explosion fire and tremendous series of explosions destroy great quanti munitions des tined for russia and stored in new jersey plant of canada car co york jan 12.—a two hour series of temendous explosions in the munitions plant of the canadian car & foundry co lyndhurst north eastern new jersey this afternoon created a panic throughout the coun tryside and caused a thousand to flee to safety at six o'clock this evening the explosions are still going on and sounding like the roar of heavy artil lery a great fire is raging in the plant which covers several acres and telephone communication with the vic inity is impossible at this time and it cannot be learned whether any lives have been lost the employees of the plant are re ported however to have escaped in time destroyed munitions new york jan 12.—the plant of the canadian car & foundry co one half mile east of kingsland n.j in which were stored hundred of thous ands of three-inch shells destined-for the russian government was destroy ed late today by a fire and a series of explosions which continued for three hours so far as could be learned tonight nobody was killed or injured altho it was said 17 workmen were missing no estimate of the loss was obtain able but it was said it might reach four millions dollars an investigation was begun tonight to fix the blame it was said at the office of the car foundry co that their inquiry had not been completed and that no statement would be made until tomorrow many are drowned new york jan 12.—between tw„j hundred ancj three hundred employees of the plant who fled to escape the ex plosions are reported to have broken through the ice in berry creek and it is feared some of them have b*?"n drowned continued on page 2 continued on page 2 continued on page 2 i ■:■ i-i-fcr-i-i i fcafc t-.-.fei a">*t"i-?i-i ■!■ toi'.-fayj jj ~ ' i 1 ! another shipment i 4 * j of | i the renowned 1 f b f goodrich | i rubber shoes.i i , , : _-_--_-_-_—- , __—_ v one pair will wear out three i or four pairs of the ordinary | i every pair guaranteed f i ' — * * f j i try a pair and be convinced j t that they are the i ! best you ever had 1 i and the * | best ever sold ! t t ask for the goodrich rubber i | with the red heel and sole $ | take no other | i r 5 n —-*« ! | j bowring brothers j j * limited 1 t uk jll 4 1 i -=, i ll p i $ 4 i t ii . ii f