Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-08-13
MORE READY MONEY
MUST Be PROVIDED
Situation to Be Discussed at Con-
ference Between McAdoo and
Kitchin Early This Week.
NO DELAY is ANTICIPATED
Probably One Billion or Two
Billion Dollars Will Be Neces-
sary to Meet Expenses.
NO DELAY IS ANTICIPATED
nv Associated pre..

WASHINGTON. August II. -W While
the Senate continues debate on the
s s.,00G.0o0.00o war tax bill this week.
initial steps will be taken in the House
toward raising part of the additional
$4,000. 100000 needed to carry on the
war until July. 1918.
More ready money possibly $1,000
100000 or $4,000. ooO, 900, will be neces-
sary to meet current expenses before
Congress can appropriate it at the next
session. SO Secretary McAdoo has ar
ranged meeting with Democratic
Leader kitchin, for early in the week.
probably on Tuesday. to discuss the
situation. Members of the Ways and
Means Committee. both Democrats and
Republicans. have expressed willing
ness to pass without delay legislation
for any reasonable amount tn"
ernment may require. Senate leaders
also are ready to cooperate.
Sentiment for raising additional
funds at this time by a bond issue and
certificates of Indebtedness, and not
by taxation. is strong in both houses
Administration officials have not
stated the exact amount they desire
authorized now. but a rcnuest for more
than $4,000. 100000 additional would
meet with strong opposition in the
house. The "pay-asyou-Eo" element
is strong in the Ways and Means Com
mittee.
GAINING INFLUENTIAL
FOLLOWERS IN HOUSE
A movement to make the next issue
of bonds or certificates taxable. and
with 412 per cent interest. instead of
being nontaxable, and bearing 31-2
per cent. Is gaining influential follow
ers in the House
Reports that Il certain United States
citizen acquired sGo.oOo.oOo worth Of
the first issue OF Liberty bonds in or
der to escape taxation. has helped en-
list advocates of the plan to tax the
next issued
Senator Simmons having concluded
his opening statement on Saturday.
general discussion OF the revised House
revenue bill will begin in the Senate to-
| morrow. If II Is finished in less than
month, many of the older members
will be surprised.
Senator La Toilette will offer. early
this week, his substitute for the pend
! ing bill, which would place virtually
| the entire burden of taxation on war
profits incomes. liquor and tobacco.
Senator Gore is expected to support the
| measure.
SPIRITED PEACE DEBATE
PROBABLE THIS WEEK
Activities in both houses of few
members who want the government to
define Immediately its peace terms,
coupled with report that President
Wilson contemplates drastic action
against disturbing elements in the
| country. are arousing intere t, and may
| lead TO spirited debate this week.
Senator La Follette's resolution, ask
| ing for a statement OF terms. and an
other by Senator King, of Utah, declar-
| ing the shall he no peace until the
allies triumph. will come up for de-
| bate early in the week.
Administration leaders are expected
to assail both the resolutions, as they
! regard all peace talk at this time as
extremely unwise, particularly because
| of the effect 1t might have on Russia.
Immediate consideration of the ad-
| ministration soldiers insurance bill
may be urged in the House by Repre-
| sentative Adamson, and IL taken I'D It
probably will be passed speedily.
! Otherwise. the House probably will
| continue it's three-day reccsses under
an agreement TO transact no business.
Senator Sheppards bill to provide for
the establishment of an air board to su-
pervise government aeronautics prob
ably will be passed by the Senate to-
morrow.