The Sentinel=record., 1918-05-10
M M'ADOO WANTS MORE
 REVENUE PROVIDED
AMOUNT OF ADDITIONAL TAXES AND BONDS NEEDED HAS BEEN PREPARED BY THE
 TREASURY.
Fl Y '

Washington, May .-Congressi)naI leaders have been advised by Secre- tary McAdoo that legislation at this session of congress is imperative to provide revenue to meet the unex- pected increase in expenses incident D the vast expansion of the nation's war program. A statement of the country's financial situation upon which the amount of additional taxes ana bonds needed may be calculated mas been prepared at the treasury for submission within the next two or three days to the committees of the senate and house.
 whether congress will undertake at the present session upward revision or the war revenue law of last fall leaders at the capital said tonight de. pends upon the impression made by this statement If it demonstrates that It Is essential to act now instead of waiting until December as planned hope of adjournment by July will 20 shmmering and congress probably will be here until fall.
 Secretary McAdoo's belief that leg islation must be enacted at once was expressed to a letter to Senator Sim mons, of North Carolina, chairman of the senate finance committee.
 The unexpectedly heavy estimates of expenditures for the coming year in clude the 5,000000,00O army program about $500, 100000 for the navy witl further estimates expected. and $2.- 25O 100000 for the shipping board. Senator Simmons said tonight that tacit agreement b defer further rev enue Legislation until next December was before these new estimates were submitted. The situation now. he said, Is materially changed and will have to be considered in the new light when Secretary McAdoo's formal statement is presented.
 Representative Kitchin of North Carolina, democratic leader of tns house and chairman of the ways and means committee, said he had heard nothing about the treasury's plans. uGGiutu upon the levy of the last tax bill prob ably would be doubled He estimated that $2.500,000000 in new taxes would be levied, but other leaders placed the probable figure at from $1,000 000. 900 to $1,500 100000, making a total or around $6,000,0 100000 based on the es- tlmated returns of between s4,OOO.- O0OOOO and $l,500, 100000 from the present law.
 Further bond issues also undoubt- edly will have to be authorized during the present session, according to Sen ator Simmons, regardless of when revenue legislation is enacted. h. comes and excess profits, both Rep4 resentatiYe Kitchin and Senator Sim mons indicated, are regarded as the principal source from which any rev. enue increase must come. The for mer said both can be doubled, while the latter believes additional tax bur dens should be spread more generally over the population, moro cOnsump- ton taxes are regarded as strong 
 Strong republication opposition to any general revenue legislation at the present session of congress is ex- pected. Senators Lodge, of Massa- chusetts and Smoot, of Utah, repub- lican members of the senate finance both stated today that leg islation is not necessary until next December because no appreciabIe amount of additional revenue will be received before the spring of 1919.