New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-18
U.S.TOBORROW.
$l3o,ooo,OOo
Democrats Propos e
Bond Issue for
Mexico Expenses.

Washington, Aug. IA bond issue
OF s130,000,000 to meet extraordinary
government expenditure due to the
Mexican situation was Unexpectedly
recommended to Congress tonight by
majority members of the Senate
Finance Committee, with the concur
renee of the Treasury Department.
The bond issue is urged by the FL
nance Committee Democrats in the re-
port filed in the Senate late to-day on
the s2O5, 5,OO0, 900 revenue bill. In addi-
tion to the proposed issue and the rev.
enue bill, the Finance Committee as
serts that further appropriation OF
ss6,OOO,OO0 will be necessary to de-
fray the expense of operations in the
Mexican emergency if conditions on
the border continue as they are now
after December 81, 1915.
The s130,0Oo,o0O to be provided by
the proposed bond issue, the report
saws. will meet Mexican expenditures
only until the end of this calendar
year.
Expenses to Exceed Receipts.
Accompanying the Finance Commit
tees majority report, submitted by SEN
ator Simmons, was a general statement
from the Treasury Department. esti-
Mating disbursements for the fiscal
wear 1917 at s1,126,243,ooo. and re-
ceipts, s762 100000.
The total ..ppropriations for the
fiscal year 1917, exclusive of those car
ried. in the so-called shipping bill,
which is to be betrayed by the issu-
ance of Panama bonds. will exceed the
appropriations for the fiscal year 1916
by about s469, 100000" says the report.
"This increase is represented prln-
cipally by sl67, 100000 additional amount
appropriated for the navy, sl66,OOO,ooo
additional amount appropriated Tor the
army. s2O,OO0,O0O additional amount
appropriated for fortifcations, SAL ,ooo,-
600 for deficiency appropriations, about
s35. 900, 900 of which is due to the Mex
lean situation and increased require
ments of the army and navy. and sZo'-
600 600 for a nitrate plant. which is
preparedness appropriation.
"The increase in the appropriations
for the present fiscal year, other than
for these extraordinary purposes, Is
not beyond the normal increase
Preparedness Needs Cited.
"But for the additional expenditures
made necessary to defray the cost OF
nrenaredness the increased revenue TO
be raised by this bill would not De
no.assarv and the estimated receipts
under the present law would be con,
.;derably in excess of the estimated
disbursements for the fiscal year lyli;
ain this connection attention IS caiieu
N the fact that SCI 100000 Of the nor
nal increase for the present fiscal year
represents the amount appropriated Ior
rural credits and good roads.
an a statement furnished your COM
mittec August II, 1916, the Treasury
Denartment estimated disbursements
for the fiscal year, 1917, at 81 ,lZ6 40
600. and estimated receipts for 1917 at
s762. 900 900, making the excess OF o6d dds-
bursements over receipts 1854, 900.
"This total includes appropriations
amounting to about sl3O,O0O,OOO to
meet extraordinary expenses and DIS
bursements incident to the Mexican
situation, the mobilization OF the Ma
tional Guard, and the operation OF our
troops along the border and IN Mex
leo for the six months ending Decem-
ber 81, 1916. Should this condition ex-
ist beyond that time further appro-
priation of ss6,OO0,OO0 will be neces-
sary