Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-07-27
NEW WAR BUDGET
OF TEN BILLIONS
Staggering Total Reached in Es-
Inmates of Expenditure
to Next July.
CONGRESS FACES PROBLEM
Must Find Sources From Which
Vast Amount Can Be
Provided.
CONGRESS FACES PROBLEM
tBy Associated Press. ]


WASHINGTON. July 26.-The new
to next July and to cover additional
credits to the allies. promises now to
far exceed $4,000. 900. 900. and may
mount to $4,000. 900. 900.
War Department estimates sent to
Congress to-day call for new appro-
priations of s5.27s. $4,000 for that
branch OF the military establishment
alone. Estimates totaling another ST.
00o.000.000. or more. are expected to-
morrow, when the other departments
report their needs, and, in addition.
Secretary McAdoo has indicated that
before the year is out. Congress will be
asked for a $4,000. 600. 900 appropria-
ton to increase the fund available for
loans abroad.
PROBABLY WILL TOTAL
ABOUT $1,000 900. 600
AS soon rs the departmental reports
are in. the appropriation committees OF
congress Will go to work on an imme-
date budget which probably will total
in the neighborhood of s7.0oo.oOo.0oO.
In the meantime the Senate Finance
Committee will meet tomorrow to
consider what part of the new expen-
ditures is TO be provided by taxation
and on what commodities the new
levies are to fall
Congressional leaders do not expect
to have to provide Immediately for the
additional credits to the allies. as
Treasury officials have indicated that
no appropriation for that purpose will
be requested until the next session.
The gross estimates submitted by
the War Department to-day totaled
s5,917,S7S.347, but that covered all ex-
listing and expected deficiencies in the
department funds. including upwards
of s640,0o0.000 already appropriated for
the aviation program. This latter item
will not be included In the budget, but
Congress will have TO provide revenues
TO meet 1t. since 1T was not, on the
ledger when the war tax bill was
framed. Committee sentiment tonight
seemed to be in favor OF increasing
the sl,6I0,6T0,oo0 war tax bill only TO
about $1,000 100000 with authorization
both for a new bond Issue. possibly at
higher rate and serial form for
issuance of Treasury certificates OF
Indebtedness.
Secretary McAdoo is said to favor a
much larger levy Of taxes. and a few
committeeman favor increasing the
bilrs total by $1,000. 900. 900. or at least
to s2.225. 100000.
INTEREST on NEW BoNDs
MAY BE INCREASED
Whether the interest rate on the
new bonds shall be increased also Is
causing much discussion.
AS to the sources OF the new taxes
sentiment in the committee apparently
is tending toward securing the bulk
Of the increase from war excess profits
and incomes. Excuses or cona lmption
taxes and few other minor new levies
also arc Icing considered
Chairman Simmons laid to-nigh,
that. while the present years appro-
priations already total ss,2o6. oO0. 900
1t is estimated that only about $1,000
100000 of that will be spent during
the present fiscal year
The largest single item in the de-
partment's estimate is s2.46s,613,oor
for armament OF fortifcations Others
include:
Pay. s715.S2s.44o; transportation
$3.50. .49o.so5; clothing and camp equip
ment. 1857 7,506.097; subsistence, $685.
672.21s; automatic machine rifles, sl7o,-
2T7.0o0: medical supplies and hospitals
sl0o.026.ooo: horses. s51, 1896; signal
service. s3.0o0.oOo: quartermasters' de-
partment. s163.9lT 1925; barracks and
quarters. ss2.11s.oo0: civilian training
camps. so.119.00o; engineer department
slo4.3oo.000; ordnance stores. ammuni-
ton. sS9.5co.o00: ordnance stores, sup
plies. $4,000, 900; armored motor cars
s21.75O.o0o. and submarines mines
100000