Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1917-08-03
Secretary McAdOo Submits Esti-
mates That Run Into Many
Figures.

According to a statement submitted by
Secretary McAdOo to the Ways and Means
and Finance Committees Of Congress. the
total estimated appropriations that will be
necessary for running this Government for
the fiscal year ending June 80. 9lS
amount to $ll.65l.l93,993.
OF this amount but $3.733, 100000 has
already been provided for under authority
to issue bonds 1t remains, therefore, for
Congress to provide some means for rails
ing $7.9l7 1893. 1913 in order to meet the
current expenditures Of the Government
during the ensuing fiscal year.
Estimates sent to Congress by Secretary
McAdoo are based upon information fur
nished him by the heads of the various
executive departments Of the Government
OF the amount asked for by the different
branches of the Government it is esti-
mated that $40. POI .007 will be spent
by them during the year. These estimates
do not include any expenditures for the
conduct Of the postal service. as the reve-
nues from this source are calculated to
take care OF all outlays made by the Post
Office Department for all purposes. Neither
do these estimates provide for the financing
of the allied nations Of Europe. which is
bound to be a9thdditional drain upon the
Treasury. They simply cover the actual
expenditures for this Government at home
and nothing mere.
Secretary McAdoo in transmitting his
budget to Congress makes no recommenda-
ton whatever as TO how this vast sum of
money is TO be raised, whether through
additional bond is les e. increased taxa
tion or both. He has lsimply stated to
Congress the conditionS confronting the
nation and the financial assistance that
will be necessary under existing conditions.
1t is estimated that the total receipts Of
the Government during the present fiscal
year will amount to $l.333. 5000 under
existing laws. There exists now authority
to sell $4,000. 100000 worth Of bonds for
the use Of the Government and bonds to
pay for the expenditures incurred on ac-
count Of the Mexican situation, the Alas
kan Railway. the armor-plate plant. the
nitrate plant, the Shipping Board. the
purchase Of the Danish West Indies and
emergency appropriations for the use OF
the Navy Department. These Approximate
S400.000.000. divided as follows Mexi-
can situation. $l32.000.000; Alaskan
Railway. SOS. 900, 900 armor- plate plant
$6.500.000. of which $5.000.000 is to be
spent this year. Shipping Board. $50. 0O0.-
900. original appropriation Danish West
Indies, $25. 200. 900, and navy, $50 .0OO,-
900.
Already Congress has provided $1,000
100000 to be loaned TO the allies. OF
this amount about one-half has been ex-
hausted. This Government has been turn
ing over to them in the neiehborhood Of
S500,000.000 month, and by October /
il Is estimated that the entire amount will
have been consumed. II Congress con-
tinues to make provision for them from
October next until the close Of the fiscal
year. II will require an additional appro-
priation Of $4,5O0.0O0, 900 for this pur-
pose alone.
These are the estimates Of the principal
departments OF the Government as set
forth in Secretary McAdoo's report to Con-
gress.
War Department. $S.673. $685. 00 of
which $7,S64. 100000 is to be spent this
fiscal year. Navy Department. $l.324,-
$4,000. Of which $l.200.000. 900 is to be
spent this year, Shipping Board. $685.
$4,000. The Board. however. estimates
that il will spend this year S799. SIT 900.
1t has an unexpended balance Of $45.-
100000 remaining over from last year.
which is to be added to the estimate sub
mitted for the ensuing year.
The Agricultural Department has esti-
mated appropriations Of $57.424.000. Of
which $5i.103,000 can be expended this
year.
In the receipts Of the Government for
the fiscal year are included $225. 000. 900
from customs. 100000, 900 from inter
nal revenue, $7O.000OOO from miscella-
neous sources. 100000 from Panama
Canal tolls. $S0.00O.O0O from deposits to
retire national bank notes, 81. 500 900 from