The Washington times., 1915-11-26
Would Make Incomes, GasoIene,
Oils, and Automobiles Yield
Larger Revenues.
s112,soe,as4 EXTRA WANTED
Treasury Head Opposes Bond
Issue to Meet Expenditures
on Account Of Canal.

An increased income tax. tax on
gasolene, crude and refined oils. horse
power of automobiles. and other inter-
nal combustion engines. and various
other articles not necessary to men
tion." and retention OF the present
sugar tariff and war emergency tax are
recommended by Secretary OF the
Treasury McAdoo as necessary mea-
sures to meet the national prepared
ness program and the deficit that
would otherwise result in 1917.
1t Is estimated that expenditures of
$3.50. .0oo.OO0 will be necessary to meet
the Administration program for the
next fiscal year. and of this sum. Sec
retary McAdoo would raise Sll2 .So6, ,;9i
by nsw taxes. He is opposed to bond
issue to meet expenditures OF 900
on account of the Panama canal on
the ground that this work Is nearly
completed and that II would be better
TO use the ordinary revenues II
sum to cover all expenses is raised ny
taxation. the Secretary believes that
the falling away OF canal expenditures
would build up surplus to meet
future emergencies.
Analysis of the Situation.
In a statement made public today the
Secretary says that In view OF tho many
inaccurate and misleading statements
which are being made about the Condi-
ton OF the Treasury and the finances of
the Government. that II feel that true
and accurate analysis of the situation
may be OF service to the public. The
question OF the national finances is so
intimately related to other vital prob
lens which must he settled in the inter-
est OF the American people that every
r'ght-minded citizen should want the
truth. in order ,hat he may help form
that Intelligent public opinion out of
which alone can arise sound and Just
conclusions
Mr.. McAdoo suggests reduction I'm
the income tax, exemption on single
persons from SO, 900 to 5000 and on mar
ried persons from 1900 to 81, 200, and low
ering OF the surtav minimum on incomes
from the present figure to $4,000 Or pos
sibly 10000.
The estimated disbursements for 1916
and 1917 represent what the various
departments OF the Government expect
to spend from the appropriations avail
able In 1915 and from the estimates OF
estimates of appropriations for the mill
tary establishment for 1871 are SlS2.-
21.23l.A. including So ,S32 900 for army
preparedness.
For Military Establishments.
The appropriations for the military
establishment for 1916 were sll4.3SS..
I5l.13. The estimate Of appropria tions
for the naval establishment for 1917 ar.
S2l9 so. .29l.2i including si9,Go.O00 fol
naval preparedness. The appropriations
for the naval establishment for 1871
were $l5l. l09. .627.96.
While a total OF SIG. G.S32.0OO will b,
asked for preparedness in l9l7-S67. So.
000 for the army and 700. 900 for ths
navy-the War and Navy Department.
estimate they will spend in 1917 only
93,SOO.0OO for this purpose: that is $5S
100000 for the army and $35. .0O0. 900 fol
the navy. The estimate Of appropria
tions for preparedness for 1917 are large
than the estimated disbursements. be
cause the estimates of appropriation,
represent the beginning Of speCif,
program. and do not contemplate spend
Ing all the money in one year
Must Raise $112,SO6.394 More.
In the estimated disbursements fo
1916 there is included SlO.D0.OO0 In grants
from the Treasury for estimated posta
deficiencies and SS.WO0O0 for 1917 70
the same purpose. The remainder o
the postal expenses will be cared for By
postoffice receipts.
The statement points out that if the