Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-07-25
FIVE BILLION MORE
MUST Be PROVIDED
Staggering Sum Is Necessary for
Assembling of Second Army
of 100000 Men.
NEW ESTIMATES ARE MADE
Plans for Raising War Revenue
Overturned by Revelations
of McAdoo.
NEW ESTIMATES ARE MADE

"ASHINGTON, July 24.-PlanS
worked out in Congress for raising
war revenue were overturned to-day
by announcement OF forthcoming ad-
ditional estimates for war expcndi-
lures aggrcgating more than s5,Ooo.-
100000. principally in anticipation of
assembling a second army of 100000
men under the selective draft.
Secretary McAdoo. at special meet
ing of the Senate Finance Committee.
revealed that the War Department
alone is preparing estimates to cover
additional expenditures of nearly
$4,000. 100000. and asked the commit
tee TO hold up the 67o.ooo.000 war
tax bill until the detailed estimates
of all departments are submitted
The committee agreed to the request
ANOTHER REVISION OF
MEASURE NECESSARY
The new estimates. including $780,
100000 for the Shipping Board. and
s1oo.o0o,ooo for the Navy Department.
are to be submitted to the committee
this week. Then there will begin an
other revision of the war revenue
measure. probably resulting in an in
crease Of the bills gross tax levy by
from s350.0o0.000 to sl,5O0.000 000
Further credits may also be authorized
in the form Of bonds or Indebtedness
certificates.
Besides the additional sums needed
for the American war program. Secre.
tary McAdoo told the Senate committee
that the $4,000, 600. 900 authorized for
the loan to the allies probably would
last only until October. and that about
$4,000. 100000 for their further assist
ance would be needed.
The secretary made no recommends
tion as to what part of the total
should be raised by taxes and what
part by bond Issues or other credits.
II was reported. however. that the
treasury Department would favor rails
ing s1.ooo.000.000 more than had been
pianned In taxes. making the tax bill
total s2.670. 900, 600
AS to the tax sources to be tanned
TO meet the new estimates, the com.
mittee for the present is entirely at
sea Mr.. McAdoo's announcement
came entirely without warning. and
more than one committeeman ex-
pressed himself as completely stag.
sered by the size of the Forthcoming
estimate. The first disposition was
10 turn to new taxes on war excess
profits and incomes.
MANY GREAT SOURCES
OF REVENUE OPEN
There are many great ources of
revenue open for a great and rich peo-
pie like ours" said Chairman Simmons.
But he would not predict what the
committee would do At to-day's meet
ing resolution was adopted calling
for submission of new estimates by all
departments. so that the whole war
expenditure program may be considered
In connection with the pending war
tax legislation.
The 5,oo0.oo0.O00 army increase
Secretary McAdoo informed the com
mittee. is largely to provide for the
second draft army of 100000 men. to
be called while the first 500, 900 are
under training. The $4,000. 600, 900
would provide for expenditures until
July l. 1918.
During to-day's debate on the rivers
and harbors bill. Senator Smoot pre-
sented statistics to show that an
propriations of the war session already
aggregate s9,226:O00. 900, SO that the new
estimates would raise the total for the
first year of the war well above s14.-
100000. 900.
HAVEN'T EVEN GOT
AN ARMY TOGETHER
we have already approved a war
bill of ss,226.O0O.O0o. and we have not
even got our army together" said
Smoot.
The Utah Senator's statement was
made just as the news of Mr.. Nc
Adoo's arrival and the nature of his
request flashed through the corridors.
MIR. Smoot said that the $4,000. .O00, 900
was almost equal to all Great Britain's
war. bond issues. Half of the s3,OOo.-
100000 loan has been handed to the
allies. and the rest will be given over
within a short time. he predicted. He
added that he expected another loan
of s5.oo0.O0o. 900 to the allies.
NO Senator. in view of these extra
object to the closest scrutiny" said
Senator Smoot How easily are these
enormous sums appropriated. How
easily 1t is done! Yet we never take
into consideration how the vast sums
must be raised.
Somebody has got TO pay. believe
that the people of this country are
willing to pay any amount necessary
to win the war-if only they are as
sured they are getting their moneys
worth for every dollar spent"
Members Of the Senate Finance Com
mittee asked Mr.. McAdoo to do his ut
most to hurry to them the estimates
OF the money needed by the War De-
partment and by all other departments.
81.
Board and the Navy Department will
ask for more money. The total sum
is expected to exceed greatly the s5.-
000.000,000 named to-day. 1t Is hoped
the estimates will be in by the end of
this week.
Hvrs Norsh,n