Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1917-08-13
EXTRA SESSION|WAR FINANCES
MAY De CAUSED|CONT|NUE To BE
BY BIC DEFICIT TOPIC IN SENATE

WASHINGTON, D. c., August 49,
Whlie the senate continues debate or
the $2,O66,O 100000 war tax bill this
week initial steps will be taken in the
house toward raising part of the addi-
tional $6,00O000,00 needed to carry on
the war until July l, 1918.
More ready money, possibly $1,000,
100000 or $2,000,0O0,00O will be neces-
sary to meet current expenditures be-
fore congress can appropriate it al
the next session, SO Secretary MeAdoa
has arranged meeting with Demo
cratic Leader Kitchin for early in the
week to discuss the situation. Members
of the ways and means committee. both
democrats and republicans, expressed
Willingness to pass without delay leg
islation for any reasonable amount the
government may require. Senate lead
ers also are ready to cooperate. Sen.
timent for raising additional funds at
this time by bond issue and certifi-
Gates of Indebtedness and not by tax
alton, is strong in both houses.
Administration officials have not
stated the exact amount they desire
authorized now, but request for more
than two billion dollars additional
would meet with strong opposition in
the house The "pay-as-you-go" ele-
nent is strong in the ways and means
committee.
A movement to make the next issue
of bonds or certificates taxable and
with 4 IL per cent interest, instead
of being non-taxable and bearing 1-2
per cent. is gaining influential follow
ers in the house.
Reports that a certain United States
citizen acquired $6000O,O00 worth OF
the first issue of Liberty bonds in order
to escape taxation, has helped enlist
advocates of the plan to tax the next
issue.
Debate to Last a Month.
Senator Simmons having concluded
his opening statement Saturday, gen
eral discussion of the revised house
revenut bill was begun in the senate
today If it is finished in less than a
month many of the older membtrs will
be surprised.
Senator LaFollette will offer, early
this week, his substitute for the pend
ing bill, which would place virtually
the entire burden of-taxation on war
profits, incomes, liquor and tobacco.
Senatore Gore is expected to support
the measure
Activity in both houses of a few
who want the government to
define Immediately its peace terms cou-
pied with reports that President con-
templates drastic action against dis
turbing elements in the country, are
arousing interest and may lead to spir-
tied debate this week. Senator La
Follette's resolution asking for 4
statement of terms and another by Sen
ator King, of Utah, declaring there
shall be no peace until the Allies tri-
imph, will come up for debate early
in the week.
Administration leaders are expected
to assail both the peace resolutions, as
they regard all peace talk at this item,
as extremely unwise, particularly be-
cause of the effect it might have upon
Russia. Charles Edward Russell, one
of the commissioners to Russia, said
On his return that one peace resolu-
tim in congress was of more value to
tile Kaiser now than 1000 men in the
Immediate consideration of the
soldiers insurance bill" may be urged
in 1te house by Representative Adam
son, and if taken up it probably will
be Passed speedily.