The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1917-08-28
MAY ADD TWO BILLION
TO WAR BONDS TOTAL
Margin Desired for Safety
in Budget for Next
Fiscal Year.
ASK 2l,OOo, 100000 BONES
McAdoo to Explain Request
to Committees Today;
Tax Plans.
ASK 1,OOO,OOO,COO BONES

Washington, Aug. 1.-TWO UNION
| dollars may be added to the Total OF
bonds 10 be authorized at the pres ut
session of congress, making tota' OF
approxinatcly $2l.ooO.0o .ooo nrail@'l
to the government during the fiscal
year ending June 80. 1918.
Democratic Leader kitcnin sad TO-
night that estimates submitted to liih
by the treasury department made II
appcar that tn" additional autho'i%a-
ton probably would be necessary
Secretary McAdoo viii be asked TO "N-
plain the situation when h" appears
before the ways ana means committee
tomorrow to discuss the forthcoming
administration ST. ,33S. "a AGO bond and
certificate bill
Want s2ooooooooo Margin.
prcScu; indications. according to
Mr.. kitchin are that $la.ooo,ooo. 900
will meet the expense of the fiscal
wear. but il is thought best to have
s.. 600, 100000 margin for emergencies.
Money needed for the fiscal year
will bc about $4,000, 900. 900" he said.
"This estimate covers about 5000
600 600 for loans to the allies. $1,000.
600. 900 for current expenses exclusive
of war. leaving about &iU.oVo.ooe for
war expenses Included in the war
estimate is $l7G 0oO. ooo for the new
insurance bin and 81 900 GOO 600 for the
SHIN ing board
How It Is to Be Raised.
The ST. 900 100000 would be raised
as follows:
Bonds for allied loans 81 200 900 600:
pending revenue bill. ss"h0. 600 900;
war certificates, *A.oo0.Uo0.o 900, bonds
FOR domestic purposes already author
lied 5000 900 oo6; proposed new
bonds. $4,000. oo0. 600: war savings ccr-
tiiicatcs, &. 600 600. 0ou and regular
revenue, $1,000 600. 600.
Approximately $1,000. goo. 900 of tn.
foregoing amounts are included in the
bond and certificate bill, which the
ways and means committee today be-
gan to consider. The bill would a,l-
thoriZ" 5000. 0oU. 900 for allied loans
s.. 600 coo, geo to be used in rcftlndinc
az per cent bonds already authorized
So 600 000n0o in war certificates, and
Gates. 1t also contains a rc-authori-
cation provision for $1,000. 900. 600 in
war certificates and would provide for
taking over other previously authorized
bonds
Passage to Be Delayed
\ hri"f meeting of the committee to
consider tn" bill made it Obvious that
of
on "Wednesday could moi b., realized
An insistent demand for the free dis
CuSsion in committee and on tn. floor
created doubt if the hil could be
passed before the end Of this week.
Several members indicated today
that they would oppose Secretary Me
Adoo'S plan of taxing the bonds. after
he appears bcfor" the committee to-
to explain the measure There
was no indication, however. Of opposi-
ton to the general terms of the bill
ana both Democratic and Republican
committeeman are expected to support
1t once il reaches the floor
Opponents Are Divided.
opponents of the SccrctarN's plan
winch Wnnld MAX" tn" bonds subject
|" Sup'r-thNrS, par profits and excess
l'ioiit taxes. vary in their views, some
1aNorlng no taxes and others the ap-
rItcation of the straight income tax
levy.
Reports that Tia" war savings Ger
tificHtos, intended primarily as a roor
mans investment would be issued in
don, mi t.,