Opponents to the bill charged that {the measure was "opening a wedge for promiscuous loans which might involve the United States in war."
The bill specifically bans military jioans to foreign countries. Although, Finland and China were not men-{tioned specifically, Senators repeatedly Jemphasized that the bank should imradiately make a loan to China and Senator Robert R. Reynolds, Demo-herat of North Carolina, the only /Senator who attacked the loan on the oer, declared that the bill would ald Bolshevism. The United States, he said, had bought "its share of a future war' by lending U.S.$25,000,000 to, China." He added that by buying silver and pig iron from China the U.S, was indirectly aiding Bolshevism.
Other opponents of the bill, although they opposed a loan to Finland because of the fear of becoming involved in the Russo-Finnish war, did not attack the Chinese loan.
Text read from the printed page and cleaned; old type leaves the occasional error.