The Washington herald., 1918-03-20
M'ADOO PLANS
MEETING UPON
WAR FINANCES
Secretary Of Treasury Will
Discuss 1919 Expenditures
with House Members.

Secretary Of the Treasury McAdoo
will confer with the Ways and Means
coplmittee Of the House Of Repre-
sentatfves Thursday on financial
measures required to carry the coun-
try over the end Of the hscal year
1918. and start It on the fiscal year
1919. starting July L
In making this announcement last
night. Secretary McAdoo declared
that reports to the effect he intends
TO ask authorization Of $4,000, 000, 900
worth Of bonds, certificates and war
savings securities are absolutely un-
founded. He will have to ask for au-
thority to issue further bonds and
other government paper, he said. but
the total viii not be anything like
$4,000. 100000.
To Announce Plans.
Secretary McAdoo will confer with
his advisers Of the Federal Reserve
Board today, and make announce
ment then Of his plans. The amount
Of the third liberty loan, he said. Is
stin undetermined
1t was said in the Treasury De-
psrtment last night that. far from
discontinuing the issuance OF baby
bonds'' in order to further sales OF
war savings securities, efforts viii be
made to boost the sales Of both. The
80 and 800 bonds have already been
printed and need only to be stamped
and signed to be ready for issuance.
They will be pushed Just as hard as
they were In the first two loan cam
paigns, It was said
Meantime, efforts to Increase the
sales Of war savings stamps are being
redoubled. More than 10000, 900 have
already been sold. Plans are being
made to sell 800. 900 more through
the agency Of dry goods stores.
z. W. Howe, Of the National Re
tail Goods Associations. Is working on
this idea with the war savings COM
mittee. A leading merchant in each
State will be named State director
and every big dry goods store will be
asked to act as a government agency,
In this way, IL Is hoped to reach
5000 600 more people daily with saw
ings stamps appeals
Department Optimistic.
The Treasury Department Is opti-
mlstNc over the War Savings Stamps
Campaign. despite the fact that II
calls for the sale of S553. 10000 more
between this date and June 30, to
reach Secretary McAdoo's estimate
OF ts5S 10000. II was pointed out that
the United States government has
sold, in three and one-half months,
more of these small loan certificates
Than Great Britain was able to sell
in the first eight months Of her cam
paign. Despite the fact the Liberty
Loan campaign will be on soon, II is
expected McAdoo's mark will be
reached In the fiscal year 1919, the
war stamp program calls for sales
totaling 81 Si.OOo,OOO,0oO.
Eastern States are tagging far be-
hind the Middle West in sales Of the
war stamps, figures issued tonight
show. Missouri heads the list Of total
sales, at s9.O15. .sS0.es. New York is sec
ond, at S7.SO7, ,7649s, and Pennsylvania
third, with T.OO6. $3.50. But in per
capita sales, only eight OF the States
east Of the Mississippi rank among
the first twenty-five. Nebraska is
first in per capita sales, at $4Ss. with
Missouri second at $254. Eastern
States in the first twenty-five are
Maryland, the District of Columbia,
Delaware. Ipdiana, Maine. Ohio, WIS
consin and New Hampshire.
New York Is thirtieth in the per
capita list, at 70 cents, Just behind
ty-sixth, with per capita sales aver
aging S cents. Massachusetts is the
tailender among the New England
group, being thirty-sixth with per
capita sales averaging only 81 cents.