Norwich bulletin., 1918-04-05
One Year of War Has
 Cost Nine Billion
MORE THAN oNE-HALF HAS
 BEEN LOANED TO ALLIES
LESS THAN ESTIMATED
Government Expenses Now Are Run
 hing About st,ooo,ooooco Month
 Almost Half of It Is Going to the Allies.

Washington, April 4.-Nine billion dollars is the approximate cost to the United States of one year of war. More than one-ha1f has gone in loans to allies and will be repaid eventual ly; over one-taird has been spent for the army and military establishments; one-tentI for the navy and one-ff- teenth for shipbuilding.
 Just one-sixth of this big war cost has been raised by taxation and other ordinary sources of revenue, and the balance has come from sale of Liberty bonds and certificates of indebted ness
 Enormous War Expenses.
 Enormous as these war expenditures may seem to a country whose govern ment in peace times costs between $709,000, GOO. and $500. 900, ,000 they are less than Great Britain's and are only about two-thirds of estimates made 1 by officials less than a year ago. Slow progress of the shipbuilding pro- gramme and the retarding of the out pouring of war supplies are regarded l by officials as the chief reason why | expenses did not equal estimates. l Government expenses now are run | ming about a billion dollars month, with somewhat less than half going to allies. who spend the greater part of theii loans for war supplies in this l country s..
 War Has Cost ss,ooe ,ooo, ,ooo.
 Since the declaration of war, Apri l G.. 19t7, the government actual ex- penditures have been more than $9,- 800 o0G,o0e but about $500, 0,000.0 900 ot this sum would have been spent fol
 normal activities even if the United
 States had not entered the war. r Ordinary expenditures. under wllicf ]. the treasury classifies all outlays fol operation. of the governmental ma -cllinerv and war Enterprises, since thu declaration of war have been approx Iifnately $5.0S4.00n.0 900. Actual pavment 1. to allies amounted to about $4,743 000, 00o.
 s5,soo,ooo, ,o00 in Treasury. Income from internal revenue. mos of which is represented by war taxes 1 and from customs and miscellaneou sources. was run up to about s1, E35 .00t@ee0 and the two Liberty loan have brought to the treasury ,littl ;, less. than S5.S00 0o0.0G0. Small collec ,.l tions from war savings and thrif < stamps sip .sille last failrs months hay
 amounted to .S140. .010, 900.
 There ss7 ;. an nssnbelssof other mi11c receipts afi penaitureS, but tbe | iido not lrlat tarially. affect the conditio : r. public coffer OutlaYs for redemn I tor. of certificates of indebtedness, al
 though appearins. large on paper, act aIr,iaflv mean little to the goyernmer D. iIl the lon.. run, since certificates rzs 2 resent snort tune loans-public bol | rowings which are repaid within thre mcnths.
 : ceertifcates of Indebtedness. About S3.20o, OOO, 900 Of certificates
 Indebtedness are now outstandin
 and will be reduced at various timc
 within the next few months. Tn
 means that the treasury has receive \ this amount to cover running expens es. but will have to repay it soon ol f of receipts from taxes due in Jun
 and from tie third Liberty loan.
 Other Costs of War. Financial experts of the governmel calculate that the war has cost . dollars even more than the form V treasury figures show, on account V increased expenditures of many stat : and local governments under W; n conditions On the other hand. u : war has resulted in innumerab Q economies, public, private, and, pc l. s9nal enforced partly by rising COS l. and partly by organized econon l. movements.