The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1917-07-25
MANY BILLIONS WILL
Be NEEDED FOR The
SECOND DRAFTING
McAdoo Announces $4,000, 900 900 Ad.
ditional Will be Needed for
Second Draft.
NEWS FALLS LIKE BOMB
War Revenue Plans Upset and Con.
gress Asked to Hold Up
the Bill.

Washington, July 24.-Plans work
ed out in Congress for raising war
revenue were overturned today by an
nouncement of forthcoming additional
estimates for war expenditures ag.,
gregating more than $5,O0O,OOO, O,0OG
principally in addition to assembling
second army Of 100000 men under
the selective draft.
Secretary McAdoo at special
meeting of the Senate finance COM
mittee revealed that the War Depart.
ment is alone preparing estimates te
cover additional expenditures Of near,
ly S5,00O,000,000 and asked the com.
mittee to hold the $1,G70,000,00O war
tax bill, until the detailed estimates
of all departments are submitted.
New Estimates.
The new. estimates, including $780,,
100000 additional for the Shipping
Board and $1OO, 100000 for the Navy
Department are to be submitted te
the committee late this week, then
there will begin another revision of
the war revenue measure probably
resulting in an increase of the bill's
gross tax levy by from $35O,0O0,OOe
to 81 $1,500,000,000
Besides the additional sums needed
for the American war program, Sec
retary McAdoo told the Senate COM
mittee that the 100000, au.
thoriZed for loan to the Allies prob
ably would last only until October
and that about $2,00O,00O,O0O for their
further assistance would be needed.
Provision for this, however, is not
planned in connection with pending
revenue legislation. 1t probably viii
be considered at the next session. ,.
No Recommendations.
The Secretary made no recommcrl-
dations as to what part of the total
should be raised by taxes and what
part by bond issues or other credits
1T was reported, however, that the
Treasury Department would favor
raising $1,000,000,00O more than had
been planned in taxes, making the
bill $2,670, 100000.
AS to the tax sources to be tappet
to meet the new estimates, the com.
mittee for the present is at sea. Mr.
McAdoo's announcement came entlYx-
| ~ without warning. The first Lispos-
ton was to turn to new taxes on war
excess profits and incomes.
There are many great sources or
revenue open for great and rich
people like ours" said Chairman Sim
mons, but he would not predict what
the committee would DO. A meeting
will be held Immediately after the
new estimates are submitted
Call For Estimates.
At today's meeting 4 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 $4,000, 100000 army increase,
Secretary McAdoo informed the com.
mittce, is largely to provide for the
second draft army of 100000 men, ia
be called yhilc the first 100000 are
under training. The $4,000 600
would provide for expenditures untii
July ], 1913. During today's debate
on the rivers and harbors bill, Scna.
tor Smoot presented statistics to show
that appropriations Of the war scs.
sion already aggregate $9,226,000, 900,
SO that the new estimates would raise
the total of the year for the war WEN
above $14,O0O,00O,