The Mena weekly star., 1917-07-26
Aircraft Bill Is sianed.

Washington, July 2i.-The S6i0,- 100000 airplane bill became a law today with President Wilson's sig nature.
 New estimates for S5,000,000,000 for war expenses held up the war tax bill today just as it was about to be reported to the Senate by the finance committee
 Secretary McAdoo Ald the com mittee that the army and navy had notified him that they would need that great sum in addition to the money already D. ided, and he asked that the bill be held up while it was determined when the money would be spent and how it should be raised Mir McAdoo said he did not discuss details with the com- mittee.
 May Authorize New Loan. It was learned unoillcially that one plan under consideration is to raise billion dollars more than the lbill now provides by taxation and to authorize the government to make new loan for S2500,0O0,000. l Whether the loan would be i'll the 1 form of new bonds or short-term certificates has not been determined | nor has the rate of interest. The Inew taxes probably will be raised from excess profits, estates and in- come taxes.
 Until the war and navy estimates are complete 1t is impossible to say when the greatest revenue raising measure ever considered by the government will go forward. After hearing Secretary McAdoo the committee agreed to hold up the bill until the new war estimates arc received
 Secretary McAdoo today prepared new war estimates for Congress very much in excess of those already presented and which will necessi- tate raising revenue not cOntemplat- ed when the Senate finance commit tee revised the war tax bill The lhill probably will be further revised.
 Wants Five Billion More.
 The government, passing an es- innate on the needs of the army and navy. wants the war tax bill to lauthorize an additional S5,000,000,- ' O00 Secretary McAdoo will appear before the finance committee late today to explain the treasury's needs based on the reforms of the army and navy. Whether the S5000,000,- GOO would be raised by a bond issue had not been determined.
 While no official intimation of the source of the new revenue was giy- en before Secretary MeAdoo went before the finance committee, there were indications that it would be drawn principally from excess prof it's and estates taxes, probably some increases i'll income taxes and ml- nor increases in miscellaneous tax es. 0tlicial figures are said to show that excess profits in the United States are ROW at the rate or 50, O00.000000 a year.
 Secretary McAdoo asked Chairman Simmons of the finance committee to withhold reporting the bill to the Senate as had been planned for to- day until he could confer with the senators. The new situation threw all the plans awry for pushing the war tax bill. Senate managers had no idea when the big measure for raising the revenue for conducting the war would move forwards.
 Before Secretary McAdoo ap- peared before the finance committee it was understood that the five bil- lion dollars represented the esti- mates of the war and navy depart ments and that he would propose an additional billion dollars to be raised by taxation and seek author ity for an additional credit of S2, 500.000.O00 Whether the latter sum was to he in bonds or certificates of i,.a a4 a If aIpacr xxrau inf digplDeQf