The sun., 1918-12-05
TO REPORT REVENUE
BILL TOMORROW
Senator Simmons Says ths
Long Awaited Measure
Is Completed.
SECRETARIES ARE CALLED
McAdoo and Daniels Asked a,
to the Basis Of Next Years
Estimates.
SECRETARIES ARE CALLED
Special Despatch to THE sux,

Special Despdtch TO THE sux,
WASHINGTON, Dec. a. The Inn,
awaited revenue bill, originally ask,l
for In completed form to preccde m,
last Liberty Loan drive, will be 70.
ported Friday to the Senate by tho
Finance Committee. The announce.
ment was made to-day by Senate.
Simmons IN. c.. chairman Of tina
committee.
The committee in it's final reading
of the bill made only one change. This
was to provide that the one cent rate
on second class mail should be eftec,
tive for a radius of 200 miles Through
faulty construction OF this part OF the
measure, had IT remained unchanged.
the one cent rate would have app,le5
, only for a fifty mile zone. Beyond the
200 mile radius the rate will bell.
cents a pound.
Secretary McAdoo and Secretary
Daniels were called before the com.
mittee to-day. The former was nsted
to confirm his former estimate, which
he then called only belief" tina,
| sc, 900, 100000 in taxes would no sui
| ficient for the present fiscal year and
| that $4,000,000,0 900 for next year wonld
pay the expenses OF the Government,
S6.OOO,OOO.OOO VIII He Needed.
Mr.. McAdoo informed the commit.
tee that he had made careful survey
of the first five months OF the presen,
fiscal year, when the nation was se
lively at war, and had calculated az
closely as possible the diminishing
governmental expense for the other
seven months of the fiscal year. The
| full amount estimated, $4,000 OO0 900
will be necessary, he informed the
committee.
Mr.. McAdoo insisted also that the
survey made for the next fiscal year
! indicated that s400O,000,O0O in taxes
! must be raised, and he insisted tia:
| those taxes should be written and
adopted now, against which policy the
Republicans are unalterabIy set. Ac.
| cording to members of the committee
the Administration must be counting
on floating bond issue even after the
| next one. They pointed out that the
| estimates made by the Treasury De
partment for the expenses OF the va.
rious Government activities amounted
10 between $7,000,000,000 and $1,000
| 100000 for the fiscal year beginning
July ! next, while the Democratic Con-
gress, guided by the recommendation
Of the Secretary OF the Treasury, is
| providing only $4,000 900 900 in taxes
Want Basis OF Estimates.
1t was to try to adjust this wide
discrepancy between the money 4 Is
! proposed to raise in taxes ani the
! money IL Is proposed to try II get
| from Congress that the Secretary o,
| the Navy was called before the COM
mittee. Secretary of War Baker was
invited TO appear also and Will 10 50
| tomorrow. 1t is in the departments
headed by these officials that the
! greatest amounts OF money are soush;
| Secretary Daniels defended every
dollar asked for by the Navy Depar'.
ment. The meeting was an executive
one, but members OF the committee In.
| dicated afterward that II the arSro.
| priations sought by the Navy and
War departments for next year 60
through 100000. 600 would pay
about half the bill.
The Secretary encountered lie sans
| questions in the Finance Committee
that were recently put 10 HIM bf 80
House Naval Committee. COMMITTEE
members asked why the navy sDucH
to embark on a programme II building
thirty-two capital ships nj enormous
cost when they may II" rendered use
| less through an agreement ~ me
| Presidents suggestion To limit m
| tional ornaments. The Secretary
took the position expressed hr me
President in his speech 70 Congress
| Monday that the prospect ~ any Sn'N
| agreement should not hc a''u"'' %
| have any weight now. He d.d 49, ''H
! the committee why he took me att
! tude or why this prospect >N"H.l nor
he taken into consideration.