The Prescott daily news., 1918-10-12
EXPENDITURES BI OUR GOVERN. MENT FOR WORLD DEMOCRACY
 NOW TOTAL S94,33t ,7o2,47o.
NEARLY HALF TO COME BACK
Material Benefits to Come From Ships and Industrial Plant Invest
 ments After War.

| to date. The actual expenditures to date, and the estimated expenditures for the fiscal year of the United States ending June 30, 1919, aggregate a war expenditure of $84,331, 702,470, accord. ing to the figures prepared by Theo dore H. Price in an article in The Out look on The War Costs and the War Debt
 The article referred to probably is the most concise review of the finan. cial situation as to the war that has been presented One of the strange features of the United States activity in war preparations has been that the gross authorizations of Congress have been accepted as the actual cost of the war up to the present. AS matter of fact the gross authorizations have not been spent, and even of that portion that has been spent there has been a large part of the expenditures which can be placed as an investment at 100 per cent instead of an appropriation from which there Is no salvage or re turn.
 If worker in the ranks paid cash for $6,000 home he could say that he had spent S6,000. But it would be only part of the truth, as he would still have the home, which would be worth the amount he paid out, and with the advance of time it would increase in value and his investment would be good one.
 Big Investment Figures.
 There are tremendous sums being paid out for socalled war expendi. lures, but they are investments which, after the war is over are going to be worth more than 100 cents on each dollar spent.
 When business man or company buys or builds a steamship line. or builds or buys railroad, they have spent that amount of money which 1t | costs to own the property, but they still have the steamship or railroad line as an asset. So 1t is with the United States Out of the sum total of expenditures made by the govern. ment the United States, after the war is over and democracy reigns through out the world, will own railroads that have been constructed in France, steamships that ply the oceans of the world docks from which the ships de part, warehouses in which the ship ments are stored, cranes with which they are loaded and unloaded.
 The list of property also will include large manufacturing plants throughout | the country which will turn from mu- nitions and war supplies to needed manufactured products which will re store the embattled world to peace ful condition
 As a matter of fact, the authoriza- tions of Congress will aggregate $50 1000, 100000 for the period from the entrance of the war to the end of the present fiscal year. June 30, 1919. The l first years expenditures show that S1S,879, ,177,01a was spent and that sS0, 000,000.000 was appropriated for the year ending June &C., 1919 These figures, however, are what the govern. ment was authorized to spend, not what 1t actually did spend.
 1 Not All WastSee.
 survey of the figures shows that the United States did or will spend SS6,696, ,702,470. It Is proper to deduct from this amount the cost of the Unit. ed States government for the same time on a basis of pre-war conditions. This expenditure would have been s2.365, ,000, which, deducted from the amount actually spent under war conditions, makes the actual expendi- lures because of the war $34,3S1,- 702,470.
 First of all. s10 600 COG, ,00O has been or will be loaned to the Allied govern ments at rate cl one-hslf of per cent higher than tfs rate on the bonds Tn the United States All of these estt. mates cannot be exactly correct. but 'hey are so close relatively that no ex. cepuon can be taken to them Shipa end shipyards have cost $2,760, ,00O. .O0O railways and othes permanent inves, ments in France Leye cost $1 ,0U0. .00L 900, funds for the railways in this coug try, fee the war firtnce and grain coi. porations aggregate $1,050,000,0 ,0O.S, army warehouses thtoushout the Uni. ed States $22S. .000 400, with other per manent and valuable investments ;a the sum of $972 900 000 This is an a. ! gregate of sound Investments Cf cfe