Arizona republican., 1916-08-18
BOND ISSUE OF s13O,O0O,O0O |S
 UP TO CONGRESS
tRepublican A. p. Leased wlrel

WASHINGTON. Aug. IA bond issue of Sl30. 900. .O00> to meet extraor- dinary government expenditures due to the Mexican situation. was uneXpect- edly referred to congress tonight by majority members of the senate fi- nance committee with the concur renee of the treasury department
 The bond issue Is urged in the re- port of the finance committee demo- crats filed in the senate today on the S205.00e.0 GOO revenue bill In addition to the proposed issue and the revenue oil. the finance committee asserts that further appropriation of SS6,000 900 will be necessary to defray the ex- pense Of operations in the Mexican emergency. if conditions on the border continue as they are now after Decem- Der 3l. 1916. The Si30.000.000 to be provided by the proposed bond issue, the report says. will meet Mexican ex- penditures only until the end of this calendar year
 Accompanying the finance commit tee majority's report. submitted by Senator Simmons, was general state ment from the treasury department. estimating disbursements for the fiscal year 1917 at S1,l2G. .2f300o, and receipts s7G2. 900, ,000
 'The total appropriations for the fiscal year 1917. exclusive of those car Fied in the so-calIed shipping bill. which is to be defrayed by the issu- ance of Panama bonds, will exceed the appropriations for the fiscal year 1916 | by about Si69 900 900" says the re- port. This increase Is represented | principally by $167 .0O0. 0o0 additional appropriated for the navy. $l66000 000 additional amount appropriated for the army 20.000, 900 additional amount appropriated for Qualifications. $4f.- 100000 for deficiency appropriation about s35 000.0 of which is due tc ,he Mexican situation and increased requirements of the aEmy and navy and SZ0.O00. 900 for a nitrate plant | which is a preparedness appropriation l The Increase in the appropriations fol | the fiscal year, other than for thes' 1 extraordinary purposes. is not beyond the normal increase
 But for the additional expenditure made necessary to defray the cost O preparedness, the increased revenu' to be raised by this bill would not b necessary and the estimated receipt
 under the present law would be con
 siderably in excess of the estimates
 disbursement for the fiscal year l91l In this connection, attention is calle |
 maj increase for the present fisca
 year. represents the amount appro
 priated for rural credits and goo | roads
 Tn statement furnished your com
 mittee August IT. 1916, the treasur department estimated disbursement
 for the fiscal year 1917 at $l.126.243
 900 and estimated receipts for 1917 {
 s762, ,000, 900, making the excess of dis e bursements over receipts $364.243.00 : This total includes appropriation
 amounting to about S130000000
 meet extraordinary expenses and di'
 bursements incident to the Mexico 1 situation. the mobolization of the nS q tional guard and the operation of oi n troops along the border and into Mel
 leo for the six months ending Decen
 Der 31, 1916. Should this conditiC e exist beyond that time a further al U propriation of $S6,000,000 will be ne' essary.
 "In the opinion of your committe T concurred in by the treasury depar ' ment, this later sum, namely $1S0.60( l. 900, should be financed by a bond i v sue. This would simply be followil
 0v..