The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1917-08-29
Our War Expenses
$24,0O0,OOO Daily
Two-Thirds of Great Sum Repre-
sented by Advances Made
to Allies.
TOTAL SUM $2,387,49O,O86
The United States Has Paid Out
for Its Own Needs
S776,99O,O86.

penditures of the United States, in
cluding Allied loans, have mounted
during August to more than $24,O0O,-
600 every twenty-four hours. The fig
ures, minus $10O,O0O,0OO just loaned
to Russia, are contained in today's
treasury statement.
Two thirds of the great sum is rem
resented by advances to the Allies.
,! The United States has been spending
daily during August for it's own needs
an average Of $8,O88,652. The Allies
have been receiving ali average daily
allowance of $16,375,OOO, including
cash already paid and the new Rus
sian credit, which will be paid short
ly. The total daily expenditures dur
ing August thus reaches $24, ,4G3,652.
Total Sums to Date.
Since war was declared, 140 days
ago, the treasury has paid out total
OF $2,387 ,490, ,086, of which ST. 500, ,5OO,-
OOO has been advanced the Entente
governments. The average daily pay
ment to the Allies during the 140-day
period has been $11 100000, the re-
naming $5,4O3,50O representing the
cost of carrying on the government
and war expenditures for the Ameri
can army and navy.
The total of 81 $50, 100000 advanced
the Allies thus far is less by $425,-
900 than the total authorized cred
its which, with today's Russian loan,
aggregate $2,0GG, 900, or more than
the entire proceeds Of the first issue
of the Liberty loan. The remaining
$425, 100000 is subject to the Entente
governments checks upon the Ameri-
can treasury, under certain conditions
agreed upon at the time the credits
were authorized.
Military Expenses.
The cost Of raising and maintaining
the American army and of increasing
the naval forces and maintaing the
naval establishment has risen from
the comparatively small amount ex-
pended at the time war was declared
to the tremendous daily average, and
is rot yet fairly under way. Ex-
penses will soon reach greatly higher
levels. A conservative estimate of the
treasury daily expenditure by the be-
ginning of the new year places the
total at from $35,O00,O0O to $4,000
600.
The Allies, too, are needing and re-
celving more money than was paid
them during the first month or so of
war; During the first eighty-fivc days
of war ending June 80 with the fiscal
year, the United States advanced the
Allies 1886, 100000. This was an av-
erage of $10,50O,00O day. Since
June 80 advances have totallcd $745,-
100000. These figures represent ac-
tual cash paid and do not include
moneys on deposit in the treasury
awaiting withdrawal by Entente gov
crnmcnts.
Our Own Needs.
The United States has paid out for
its own needs since it entered the war,
$77G, ,990,08G, of which $741 ,15G,7G5
was spent in military and naval ad-
ministrative functions.
The bill will be greater during the
coming few months by many hundreds
of millions of dollars. Contracts plac-
ed for the whole range of needed
supplies for the army and navy, from
food and clothing for soldiers and sail
ors to big guns and railway equip
mcnt, will call for the expenditure of
billions ,f dollars in the aggregate.
On May of these contracts not q.
penny has yet been expended.
At the present time the government
is spending sum estimated at from
$5,000,000 to $6,0OO,0OO daily above
the current receipts from ordinary
sources. The treasury statement for
today, an exceedingly light day for
disbursements, shows the total of
$7750,556 Total receipts from ordi-
nary sources, usually high, were S.
312,225.
The $4,000, 100000 liberty loan, of
which approximately $300,00O,O00 yet
is to be paid in by subscribers, and the
sale Of short-timc certificates of in
debtedncss in anticipation of the next
bond offering have maze possible the