The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1918-05-27
WORLDS RECORDS
| TO Be SHATTERED
This Promises to be a Thirty.
five Billion Dollar Con-
gress, Greatest Ever
Known.
INCLUDES WAR TAX BILL
Eight Billions to be Raised for Wa
Chest by Taxing Luxuries
and Other
Things.
INCLUDES WAR TAX BILL
[By L. c. Martin. United Press Stan

I WAoAAAAN1 4O1S, way - LIS
j promises to be $4,000, 100000 con
gress.
Financial experts today settling
! in the countrys history-nearly S.,
tions of this congress will shatter all
records for any country in the world,
, for corresponding period.
Great expansion of the army pro-
: gram is chiefly responsible for he
100000 is in appropriations and au-
Ithorizations for the army and its
! Notifications. In addition, $780,.
100000 is required for shipping, re.
quired to transport men and supplies
over seas.
/, The navy gets $1,659, ,00o,0 while
the war finance corporation and the
lfederalized railroads each get $780,,
00O,0 900. Five and half billions
were appropriated for loans to the
allies in the bond bill passed this
session Ordinary appropriation bills
have been considerably increased by
war needs, SO that they total $2,449,-
659,oO0 This makes a grand total,
based on estimates submitted to date,
Iof $34o69.659,O 900.
That this total will be sent up to
or beyond $35 900, 100000 seems GER
tain Nearly every day brings addi-
tional estimates from the war and
navy departments and other branches
of the government directly engaged
in prosecution of the war.
Money appropriated this session Is
for the fiscal year beginning July /.
1918, except deficiency appropriations
to supply deficits in funds appropri-
ated last year. Included in these
appropriations are many "authoriza-
tons which permit departments to
contract ahead, but the actual money
for which will not be spent in the
191S-1919 fiscal year. The fortifica-
tions bill, for instance, totals now
S4, 700 100000 in appropriations and
s4,261 100000 in authorizations. or
$S,961 100000 altogether.
To meet this BILL Uncle Sam
raised more than $4,000, 100000 in
bonds and has hundreds of millions
of authorized bonds still unissued; he
has collected or is about to get
S4O59, 100000 in taxes under exist
ing law and expects to bring this to
$4,000 900, 900 under the new tax bill
congress is beginning work on. He
has also a couple of billions in sight
from treasury certificates and short
time notes, not to mention war saw
ings stamps, which will bring in a
substantial sum, probably approx
mating a billion dollars.
This would bring total revenues to
between s15, ,O00, 100000 and 100000,
100000, providing bonds still unsold
were issued.
Inasmuch as total authorizations
and appropriations will not be spent
within the year, this sum, congress
sional leaders said, will doubtless see
the government through.
Congress is unhappy, but yielding
to the inevitable in the tax bill tight.
President Wilson this week is ex-
pected to announce his program for
taxation.
Aircraft Investigation.
WASHINGTON. May 27.-The sub
committee on aircraft of the senate
military affairs committee today de-
cided to proceed at once with its in
yestigation of aircraft production.
The committee will begin tour of
aircraft factories late this week.
Upon the committees return from
its tour. public hearings will be
started.
"The committee will work in com
plete harmony with Charles E.
Hughes" said Senator Thomas, the
chairman.
1--WE will devote ourselves to gath
er;ns evidence as to the failure of
aircraft production
President to Speak.
TBv Robert j. Bender, United Press
Staff Correspondent
WASHINGTON, May 27.-President
Wilson has decided to inform the na-
tion what it must do to help meet the
great money drain of the war.
With daily expenditures now mount
ing to the enormous sum Of $65, 900,
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