Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1916-08-24
NEED MORE AFTER DEC. 81
Total Appropriations for Fiscal
Year of 1917 Exceed Those
for 1916 by S469,OOO,OOO-
Treasury Statement Lays EX-
cess to Preparedness Cost.

Washington. Aug. IA bond Issue of
sl30OoO,O10 to meet extraordinary govern
ment expenditure due to the Mexican
situation was unexpectedly recommended
to Congress tonight by majority mem
bers of the Senate finance committee
with the concurrence of the treasury de-
partment.
The bond issue is urged in the report
of the finance committee democrats filed
in the Senate late to-day on the $685.
100000 revenue bill. The finance committee
asserts that further appropriation of $50
100000 will be necessary to defray tho ex-
pense of operations in the Mexican
emergency if conditions on the border
continue IS they are now after December
81, 1916. The Sl3o,O00.OO0 to be provided
by the proposed bond issue, the report
says, will meet Mexican expenditures
only until the end of this calendar year.
Accompanying the finance commit
tee majority's report submitted by
Senator Simmons was n general state
ment from the treasury department..
estimating disbursements for the fs-
cal year 1917 at $1.126.243. 600 and re-
Ceipts s762,Oo0,OOO, making the excess
of disbursements over receipts
s364243,O00.
The total appropriations for the fis-
cal 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
ly by additional amounts appropriated
no i'm
deficiency appropriations.
But for the additional expenditures
made necessary to defray the cost of
preparedness the increased revenue to
be raised by this bill would not be
necessary" says the report. land the
estimated receipts under the present
law would be considerably in excess Of
the estimated disbursements for the
fiscal year 1917 In this connection at
tention is called to the fact that S21,-
100000 of the normal increase for the
present fiscal year represents the
amount appropriated for rural credits
and good roads"
Deducting the amount of the pro-
posed bond issue from the cstimat ed
disbursements over receipts. the addi-
tlonal revenue required for the year
1917 would amount to 1924, $3.50 ut
Is estimated" the report says, that
the bill as amended by your committee
will raise s2O5.OOO.0OO. leaving a bal
ance of S29,2+3, 900 to be taken from
the general fund of the treasury, which
amounts on the 18th instant, cXclud-
ing credits Of discussing officers. to
Sl34.337.995.".
In its analysis of the revenue bill as
revised by the Senate committee the
treasury department estimates that
the annual revenue to he derived Will
be: From income tax, s1095O 900; in
heritance tax, S20,000,00O for 1917
CATER law is in full forCe), approXi-
mately S65.000.O00); munitions manu-
facturers' tax. S40.000,0Oo; mscel'an-
eous, including beer, liquors stamp
taxes etc, s35, 900, total of sos
100000.
Washington, Aug. l7.-Rcpubican Nom
berS of the Senate finance committee, nj
a minority report on the administi ton
revenue bill, to-day denounced the prin-