Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-04-06
NEED, AT ONCE, SUM
OF S3,502,517,0O0
Congress Is Asked to Provide
Money for Financing War
for Ono Year.
TO BUILD UP ARMY AND NAVY
Bond Issue and Increased and
New Methods Of Taxa
ton Probable.
TO BUILD UP ARMY AND NAVY

scope OF The administrations plans for
"A war army and navy we're revealed
to-day after , n,;,;,,. ,d,o, 81,
''' "''" S'o''''''e" 10
congress. In broad terms. il is pro-
posed TO "iadrur,e the enlisted
strength OF tn" navy. and TO have in
wee ""n'h I" year an army oi 1000
o'o trained mon 'mriuding the first
'op'op" 10 DC brought 10 the colorS by
Sctoc'l'e cohScfiptl"n
'h''S 10 carry ont the program al
ready are III 'h" hands of the con-
"'''''arH ana naNai COM
80,
ooo noo .-ocs ,o ,bo ,,.s
ooo mn -, ,,,
nv ,dd;,;o, 90 49, "''
,,ronr;,,;o ,,,, .n.aan. ~ ~
.,, -" Nv
tho n,vr
III. None, ,,
,lixid.d .nn-o~,r,,. .,,
1.or tho W. nn,,,
oc, fo, ;.ro,;
'or nc"
and Tho N.r;ro 60, ,n ono
y,5 7so
Eo, o,bcr u,...- ,,
tho naval ee,.i,,,,,,,, ,ono
For tho r.oas, Guard ,cnn oon
\ bond ;ssuc incro,soa :.
,,unir- h;rhar W
;,c,,,o. ,,,,;a,. ''' =
no.. no,ho,s Wv,
h. ro,or,od
,,,ou,,
I-nonci,,
Ecserv. to,rd .,
Z
tom arc in "a nosi,ion 90 ,h-,
81 ooo mn ooo ~ ,.ar 49,. " W
intcres, no, ,xcoo1;rr -.
ru.,.~u,, ~
,,
-. "a ~
ireasurS department experts are as
sembiinG a mass OF data for considera-
''o' .. inc reSioenl ana congressional
.o'n'ili.tees III hra'tins the war reve-
"ur m measure
" eS'''''"'es Gaining Tor the ap-
p'''' a''o' VI '"oheE ior carrying on
."' ""i were couohcu IN genera terms
"''" ''H III ne'aiS' Inc great totaI
'Ut' ''o' '"c'"oe possible loans TO the
e'"' "tNaoo' INTO whose hands
We p,"oco 'he Task OF suggesting
'"''"'"S '"' a'Sihs i"rSc sums ny in
e""t" ,"N'''on. so mat the war may
na," 'o'' as i7r as possible during
- ''ie'i"'c' stiu to'hlSht ne mad re-
~, - ''o"s rom bankers
evcrv nb,s. ,f ,h .;. '''H
SHELTON Williams comn,rol,o- of ,n.
Currency. is I'm New YorI; ,o con.u,,
il is understood with bankers ,bor,
regarding the nropoard ho,d ;s,,o
Chairn,on S;n,,,ors or ,,
Finance Committee intim,,,d mar
short-,cr,n notes mich; t., jssu,.a m :,
limited extent to make imm,,li,,.Iy
available a portion of tho sun, ,jcsirad
lie said he was waiting on Sc,.rct,rv
McAdoo. for SUGGESTIONS. and ,houeb,
a plan of action would bo framed
shortly
reurcsen,.tive ,,ro, -, ,u,,
ranking majority member Of tho was
and Means COMMITTEES decj,red 70
night that tho income tax would nroh.
ably hc amended so as tn furnish tho
government with crcatIv Increased
revenues during the war
MY view is" he said ",ba, while
the war lasts no man should cpiov
an income of more than e., non ar
100000 a wear and tina. IN. rov.rr
ment should take ali over this amoup,
We could obtain also 500 900 O0o od
ditionai annually by raising l,xes on
whisky and beer.
.r.RIl,l, 1NpoSs,u,,, .v
soYn,,, n,, u,,,.
~ W '"N "'" !" '"''"'
49, ~" .,' '"S u "r"N rest
NE, nv '"' III - I'M
" ''"'ee W 'eNeh"' d"f'hS
I.owcrir. or ia. i,
lion IN q ooo and noss;,, ga $40
among the proposals under CON
Sideration Proposals under considers
'ion to increase the Federal tax on
estates up 10 80 per cent on very Iarp.
estates would swell the governments
rcr,nne. il adopted. by hundreds Of
millions.
The Internal Revenue l:urcau OF
the 'IrpD llannrtp,nnt iS