The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-26

item vi TeNVhut'
fence or preparedness and excluding
Panama canal payments. ss32s5l,-
oon
w. .n, .o, On. an.
DeHciehcy' i'iI' s-o,'"V'''''
Estimated denctencies ana sup
elemental appropriations for 1917,
s,o ooo ooo
,,, .,,.,,o 10, Tro,s.
Hou io' Wo'nIns ,s 80
ury to begin fiscal year 1918, $oo'-
900 900
no., ,..,., uo,,,,.,,. for 1919
are estimated AZ s2o'ooV'Voo'
III paiu out OF revenues anu hoe
from sale OF bonds. add $25.ooO.ooo.
On this basis the total new revenue
to be raised Tor nscai year isi' u
sll2,soS.3s4.
,o oo., e.. c
'"""'""
IT, however. the Panama Canal pay
ments for the years 1916 and 1917.
amounting to "A total of $bO,OOo,ooo.
should he paid from the proceeds Of
bond sales then the amount OF addt-
tional revenue which must be raise
for the fiscal year 1917 Is estimated
to be 62,sO6,3g4. II would not be
an unusual thing to finance the Pan
ANA Canal payments by the sale OF
Government bonds in fact. $13S.60O.-
s6g of Panama Canal payments have
been met by the sale Of such bonds,
AS follows:
Principal Premium
OF bonds. received
series Oh lSo' ,,, sLnnms
R",.x.it . nar cen, 81, .sl $50 81 .e,s.os
Series of igos, admins.
Roose;elt, oer cent So'"""" 'Si'"S
tration of President
Tart, t'er cc"'''''' "'"'"' i'-sl'-.'
Total. s,a, ~, aso a, a.s sse
Total real,zed real,zeds,sSsos .s,sS so. .sss
Under the nreseut Administration
.u nayments for tho Panama Canal
havs ha.,, made o,,, of ,,urrap, ,evs-
n,,e. amounting since March A 1e15
IN date ,n ssS.o36.s1s There is no
,ec.ssitv in M, onipion for tho ia
.uanc. of honds no,w,, hs,andins the
con,inuapre ~ IN. E.,Yron.sav var and
,ts in.vitabl. ,.ryrct, uuon revenues
I hali.v, tha, II would ha f,r nrefer
able Ia contiuu. TO pay TN. expendi-
lures for ,ha Panama Canal our ot
c,rren, revenues ssreclnllv- since the
canal is almos, completed and Il is
likely ,ha, the demands on the Treas
ury from that sourc. will largely de-
crease I'm tho near future II m.
nolirv ,s ado-t.d of proyidinr sum
-cient revenues 10 cover IN. Panama
Canal Dayments AS we'll as all other
demands upon the Treasury il prob
ably will IL. broad enough to take car.
az any ordinary auctuatiops in the
revenues and ,xp,nditures of the
Government, in the future.
No Canal ROnd Issue.
r,h.,,.a.,,ro 4, ,..,,,,, ,, . ,,
n',,'.',, -, iot Hsu
~. .,' ~ .n' '"."I
81 ,o,- et"''.u .o'
~, 80 ,', .' "
80. ,,, ,,,.sa,, a,,,,... go ""
-. - 80 co,,t,,,..a, a.,
."e 90, ,,,t,ioi, =. i,'.,i,,,.,
- s.,onn nnn ,or ,.,.,a,, -.
,,r.., ,n, ,,a,in,',.i 'Ia,
Thi a,,'n,,n, can s,si,,, h'' r,is.d h,,
i,.n ,,.',t,,, w
- ,.,. -. ,,,. ,,,'t,. 80
~ r.., ,.1',r,,.,., .,,a a..,,,,,h ~.
,n,,r,,, ,ro "a .,r..t ana 80 i,,.
'',,. , .o,,,,s ,na, ,ha -, u,
~, cn,.arr,,.r, for 10. ,''.,,o,t,,
.,r,,,,,,,, .,vr.rd,,ur.e ,rd o., ,h. '.r
49,. o., nf ~, i.,a.,, ,r,..,,,,,
fnr n,,innat defcnrs can rs,d,I,. hc
mo,
Merely as suggestions I would say
.n"' '1''' ,o''s,'e' ",'o'' ','as ~.n pe eNe''
t,i.',.,,''., w. ar,'',,a, ,,,H,'' w,
| ',,'a,., ,i,, ,a,,',',i 80 .,'' .n'
J -, ,''',. nr sq nan ,'.,. 49,,
I s,oon ar,i,I ,,,,e 90 onn
! an., a. ma r.s,..,,,,'ai,, m. -,
|n,',a h..ir a, ,Io oon or az ono T.,
s,a,a -, xoo ma .s nr,,,,a,L =, -
! on, Ir ,dJi,i,n ,n ,n,' t,craa,,as
| ,h., NAV, IA. ,,,d. In ,h. co,nora,,o,
| a,a tnIivIduai iucom. ,.xas 90.
could IN, imnosed on such nroducts as
| g.soIene cr,,de , nj r,tinsd oils hor.a.
| mower Of automobiles and other in.
| t.rnaI comhust ion engines and yor,.
| ou. o,her articles no, neces.arv ,,
| mention. These taxes would be wideI,
| dirused and scarcely felt. C.r,niri,
| IN. nation f. willing. when n liz ahI,
! IN do so ,o raise by taxation IN,
| an,oun, n.oded far s,,,b n vital INV
| - a. n,tt,,,, nr.nar.dr..s .,na a.
| -,
-, o,,rs. ,h. cu,o,io,, -, ,.,
co -, d.,,.r,nin. ,,,ha, r.,,,", Wv
| - ,'a -
s,,., ' h., ",,..,a.i @ "es'
nnmS n.us' , "t' ,o,,' a., s,,,,',', an
sios,a'',s, , o'' ''''''' "' ''o'''
'or o's'"SS'o'''
what Departments Want.