AMERICA.

Taihape Daily Times, 17 October 1917, Page 5

AMERICA.

CONSOLIDATING GOLD RESERVES, Received 8.45. WASHINGTON, Oct 16. President Wilson has appealed to the State banks to join the Federal reserve system, thus consolidate the gold reserves and more effectively and vigorously achieve the termination of the war. SHIPPING REQUISITIONED. Received 8.45. WASHINGTON, Oct 16. The requisitioning of American shipping (cabled on the 12th inst.), becomes operative to-day. Two million toils are involved. ALLIED MILITARY CONFERENCE Received 8.45. WASHINGTON, Oct 16. Mr Lansing says America is considering the advisability of representation at the Allied Military Conference in Paris this week. , The New York Times says the Paris Conference is designed to unify the war aims of»the Entente, Russia particularly. The Entente is helping Russia in ner fighting efficiency and financial stability. It is believed the Conference will discuss .plans for a winter campaign, including AngloFrench and Italian drives ? the Balkan situation, Greece's adhesion to the Entente, and the consequent strengthening of the armies in Macedonia; also the shortage of tonnage. General Pershing and General Sims may attend the Conference. SENSATIONAL DISCLOSURES PREDICTED. SWEDISH DISPATCHES INTERCEPTED. ; Received 10.5. NEW YORK, Oct. 16. The New York Sun's Washington correspodent reports that the British authorities' at Halifax intercepted a bag of dispatches from Sweden; these are now' held at Washington. The Swedish'Minister pressed for their release but was informed "that he must agree to disclose the contents thereof. A deadlock has arisen and the correspondent predicts sensational disclosures.

THE COST OF THE WAR. WHERE MONEY COMES FROM. Received 10.5. NEW YORK, October 16. The New York World's Washington correspondent says that the United States is paying forty million dollars daily, or one-fourth the cost of the war. America's expenditure is highest, Britain's is second and Germany's third. An authoritative statisical estimate states the total cost for August, 191 S, will' be 155 billion dollars