Evening capital news. (Boise, Idaho) 1901-1927, 1917-12-05
FIGURES ON
WAR'SCOST
GIVEN OUT
BY N'AD00

SECRETARY VI tIIo 4IcdSu1y
Opposed to Additional
Taxation Unless Money
Needed Cannot Be Raised
Through Bond Issues.
washington, Dec. war costs to
me end of June, 191s-exclusive OF
loans to foreign governments-will
reach the enormous total Of more than
$4,000, 900, 900. according to estimates
sent congress today by Secretary OF
the Treasury McAdoo.
Ordinary expenditures for tho fiscal
year ending June 80. 1913. will amount
70 S12,S16,295, 228, of which $11,b2!,'O9.-
Or will be fed directly into the war
machine.
Estimated expenses for the fiscal
year ending June 80, 1919, mount up
ward to 312.701,s3s.sso. out Of which
311,eo5, sss,60o will be for prosecution
Of tho war.
NATION MUST AWAKEN.
These staggering figures 60 side by
side with q warning to the nation that
Il must awaken to the vast responsible
tiles Of the war, must curtail It's
pleasures and learn the vital lesson Of
saving.
Business as usual" IL an impossible
theory in war. McAdoo declares.
Everything wasted now u NOTHING
short of criminal" he said.
$50 far as I've been able 10 observe
the American people are not suffi
GENTLY aroused to the necessity Of
economy in this really serious time"
AGAINST MORE TAXES.
The secretary counselled congress-
against imposition of additional TAI
burdens at the present session Of con
Rress unless sale of bonds does no
come up to expectations.
He limited at some form of resua
tion of new capital expenditures and
apparently referring to railroads
added:
at may also become necessary t.
concert some constructive measures
through which essential credits may b.
provided for those industries and enter
prises essential to the efficient an
successful conduct of the war.
NATIONS SPIRIT AROUSED.
1.-THE courage and resources OF tn
nation" McAdoo continued, ARE 81
abundant that Americas success in tn
war II beyond question II they ar
properly organized and intelligentl
used, The economic and financial con
dition of the country was never
strong and Americas spirit was neve
more aroused to the importance an
necessity of going forward, resolutel
and REGARDLESS Of sacrifices. to the &C
complishment Of the great task I
which God has called UP.
Loans actually made to foreign gov
ernmsnts up to Nov. 1. 1917. total g.
1900, 900, with q total credit agree
upon Of s3,1Sl.4oo.ooo.
Americas gold monetary stock
hand Nov. stood at @S.0A1.boo,oo q
increase Of $l7A,s0o.oo0 in the past
ESTIMATE ON REcEIPTa.
The grand total Of estimated receipt
for the fiscal year of 1918 II $11.bso
fS1,s
expenditures for tho civfl sstablish
ment total s1,6ss.b6s,soo.
"war risk insurance costs are est
mated at $43b, 100000, while the shir
ping board requires $s01,12s.bo. an
the COuuCll OL AatAOh0A uSAShoS WV
900.
'"rhs war department, including 80
0SS, O00, 900 for war purposes, require
ss.sS3,s5o, 900: rivers and harbors, $36
500, 900, while the navy establishmer
requires a total OF $1.466. $780, 900. ir
Guiding $1.s00, 000, 900 for war purpose
and s2s5 1000. 900 for a new buildin
program.
FOR THE YEAR 1919.
FOR the fiscal year 1919 the gran
total estimated receipts are S5.176,08o
$50, while the disbursements include:
civil establishment. $1,2s1. 124,10
war department, $9,94S.6s2,0o0 inclut
ing $9,512.272000 for war purposes. ar
324,O00,0O for rivers and harbors; ma,
department, s816.s7o.0o0, includir
$613, 100000 for war purposes, ar
$206, 1000 for navy building program
1.-THE shipping board costs for 49,
are placed at $S99, 800. and the coui
Gil of national defense al. 5000. o00."
AMERICANS CAUGHT
IN CAMBRIA FIGHTING
Paris Dec. 5.-A number of Amer
cans were captured by the Germans