Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1917-07-25
Secretary McAdoo Informs the
Senate Committee That
Army Requires Five Billion
Dollars More This Year.
SECOND 100000 MEN .
TO BE RAISED SOON
Secretary of Treasury Holds
That Billion Dollars More
Should Be Raised by Taxa
ton.


washington, July "a. - Plans
worked out In congress for raising
war revenue were overturned today by
announcement OF forthcoming addi-
uenai estimates for war expenditures
aegregating more than $4,000. 0O0.-
oVo, principally in anticipation of
assembling second army OF 500. 900
men under the selective draft.
Secretary McAdoo, at a speciai
meeting of the senate finance COM
mittee. revealed that the war depart
meht alone Is preparing estimates to
cover additional expenditures of near
~ 10000, 100000 and asked the COM
mittee to hold up the s1.670.00O oo0
war tax bill until the detailed esti-
mates OF all departments are submit.
ted. The committee agreed to the re-
quest and pigeonholed a report on the
measure which 1t had planned to sub.
NIT during the day.
Further Big Sums Asked.
me new estimates. including $780,
ooo,000 additional for the SHINING
board and 100000, 600 for the navy
department, are to be submitted to
.he committee late this week. Then
thefe Will begin another revision of
the war revenue measure. prohah,v
resulting in an increase of the bilPs
gross tax levy by from $350,o0O. 900
TO sl.hoO, 100000. Further CREDITS NAV
also be authorized In the form OF
bonds or indebtedpess certificates.
Besides the additional sums needsd
Tor the American war program. Sec
retafy McAdoo told the senate COM
mittee that the $500. 600, 900 author
'Zed Tor loan to the allies probably
would last only until October ana
that about $4,000. 600, 900 for their
lufther assistance would be needed.
PROVISION for this. however is not
Planned in connection with the pend
ing revenue legislation. 1t probably
VIII be considered at the next session
Favors Heavier Taxes.
The secretary made no recommen.
dation as to what part of the total
should be raised by taxes and what
part by bond issue or other credits
IL was reported, however. that the
treasury department would favor rails
ing O00,000,000 more than had
peen planned In taxes making the
tax bill total s2,67O. oo0, 900.
AS to the tax sources to be taped to
meet the new estimates, the first dis
position of the committee was to turn
10 new taxes on war excess profits
ana incomes. A meeting will be held
Immediately after the new estimates
are submitted.
New Estimates Asked
A resolution was adopted TODAY
calling for submission of new esti-
mates by all departments, so that the
whole war expenditure program
might be considered in connection
with the pending war tax legislation.
The s5.OoO,00O,0OO army increases.
Secretary McAdoo informed the COM
mittee, are largely to provide for the
second army draft of 500, 900 men to
be called while the first SOC, 1000 are
under training. The $1,000, 600, 900
would provide for expenditures until
July l, 1918.
During today's debate on the rivers
and harbors bill. Senator Smoot pre-
sented statistics to show the appro-
priations of the war session already
aggregate $9,226,0O0, 700, 50 that the
new estimates would raise the total
Tor the first year of the war well
above $4,000, 10000