The Republican. [volume] (Oakland, Md.) 1877-current, 1898-08-11
Treasury Figures Show That
About One Hundred Millions
Has Been Spent.
EXPENDITURES FOR AUGUST.
1t is Not Expected They Will Exceed
$I,500,000 a Day.
Receipts From Internal Revenue Taxation
crease and lit May Not be Necessary to
Draw Heavily Upon the Money Derived
From the Sale of Bonds.

WASHINGTON, Aug. Sine actual
cost of the war to date has not been
definitely computed. The treasury
statements since the beginning of the
war contain all expenditures made
upon acquisitions from the War and
Navy Departments, and the excess of
expenditures over those during a
corresponding period of last year is
attributed to the war. But contracts
have been made and bills are still
outstanding which make it probable
that full figures have not been OBJ
tanned. While the various bureaus
of the War Department keep rigid
accounts of all money expended, they
do not foot up the totals, leaving it
to the treasury to audit all accounts
and determine the aggregate.
SO far the treasury figures show
that about 800, 600, 900 has been spent
but how many debts already contrac-
ted have yet to be paid there is no
means of knowing. The expenditures
for the War and Navy Departments
during the month of July amounted
to S43, ,2SS, ,46S.SS, and during May and
June to little less than 0,000, 900
for each month. The expenditures
for August will probably be the larg-
est yet, for the reason that many of
the bills for July will be paid, and the
cost of the Porto Rican expedition
and the removal of the army from
Santiago will, it is thought, be inclu-
ded. 1t is expected however, that an
average expenditure of $1,500,000 per
day will not be exceeded.
The total cost of the war depends,
of course, upon its duration, but it is
already evident that should peace be
declared during the next few weeks,
the necessity of maintaining the
present military establishment will
continue until other means of con-
trolling Cuba, Porto Rico and the
PHILIPPINES are found.
In this connection the question OF
expenditures is not so important to
the treasury officials as that of re-
ceipts. With the $780, 000,0 900, the
proceeds of the bond sale, which has
not yet been cOverted into the treas
ury accounts, there will be ample
money for all necessary purposes, but
it is the hope of the treasury that
receipts from taxation, which are
showing a gratifying improvement,
! VIII de1ray all expenses.
1t is thought possible now that
there may be no actual need for the
proceeds of the bond issue. The wal
revenue bill went into effect upon
July 1, and the receipts from
internal revenue increased from SIG.
$50, ,3G5. so in June to $26, ,697. 30 in
July. From the first of the present
month the receipts from internal rev.
enue have exceeded S1,000,000 a day
so that the total for the month will
probably exceed 100000, 900. At the
same time receipts from customs,
which fell off to an alarming extent
at the beginning of the war, are again
increasing, and it is thought will reach
a normal figure in very short time
The customs receipts for July
amounted to SIS, 169, $50 96, and fol
August averaged more than $500, ,OOC
daily, and constant increase is eX-
pected. The combined receipts from
customs, internal revenue and miscel-
laneOus sources amounted today to
$2,271, 166.23, and the average daily
receipts for the present month have
exceeded 81 500, 600, If the same pro
portion of increase that has been ap-
parent during the last few weeks
continues, it may not be long before
the revenues will average 50, coo, 900 a
day, a figure that should meet not
only all the war expenditures. but all
the ordinary expenditures of the gov.
eminent as well.