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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Nov 11, 1915
Page
10
London reports Premier Asquith planned to seek a $2,000,000,000 vote of credit in the Commons but postponed to tomorrow. He outlined the war finance needs and total war spending at about £1,662,000,000 with funds remaining from a prior vote to cover until mid November.
An advertisement declares Plant Juice a rapid permanent tonic for stomach liver and kidney issues. It cites a 30 year sufferer testimonial from L A Roberts of Somerville praising relief after four bottles and notes Liggett Drug Co. at Washington and Avon Streets selling the remedy.
Prime Minister Asquith reports daily war costs rose to about £4.35 million from £2.7 million earlier in the year. He cites £98 million in loans to allies and dominions and £23 million spent on food and supplies through Nov. 6. He warns costs for munitions and loans will likely grow and expects the new credit lasting to mid February. He notes efforts to curb expenses, fix army contracts, and coordinate allied procurement to hold prices, while strengthening the War Office staff and inter‑allied planning.
Premier outlines plans for closer British and French cooperation including daily staff contact and possible formation of a commercial war council with crown and republic ministers guiding combined military and naval actions. He notes Russia and Italy may join and stresses better coordination to shorten the war.
In the House of Lords a motion by Viscount Peel urged tighter government control of naval and military spending. Baron Devonport warned of financial solvency risks, while the Marquis of Crewe noted most costs funded imports and loans to allies. Peel warned war and civil expenditures neared national income. Devonport warned of forced loans and ongoing debt.
The loan of $8,000,000 from Great Britain, France and Russia to Greece has been concluded and is at the disposal of the Hellenic government. A formal declaration by Premier Skouloudis on Greece's neutrality and good will toward the Entente was issued in Paris and circulated to all Entente capitals.
A committee of American bankers was named to oversee negotiations for British bank credits in New York. The first credit planned is 50 million dollars, with additional credits possible. Frank A. Vanderlip of National City Bank chairs the committee joined by Seward Prosser, Fred I. Kent, J. S. Alexander, and R. Y. Hebden.
A vintage recipe advises treating coughs colds or catarrh by dissolving 1 oz Parmint Double Strength in 1 4 pint hot water with 4 oz granulated sugar. Take one tablespoon four times daily to ease coughing clear nasal passages and restore breathing. Cited as an easy inexpensive pleasant remedy for stubborn coughs and colds.
S. R. Sabin of Guaranty Trust Company William H. Porter of J P Morgan & Co G M Reynolds of Continental and Commercial Bank of Chicago and J B Forgan of First National Bank of Chicago identified as prominent figures in the era’s banking landscape.
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