Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1918-04-10
WAR COST NINE BILLIONS.
HALF Has Gone to Allies--BilIion
Month Now.

Washington, April 4.-Nine billion
dollars is the approximate cost to the
United States of one year Of war.
More than one-half has gone in
loans to allies and will be repaid
eventually; over one-third has been
spent for the army and military es-
.tablishment; one-tenth for the navy,
and onc-fifteenth 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 Lib
erty Bonds and certificates Of indebt-
edness.
Enormous as these war eXpendi-
lures may seem to country whose
government in peace times costs be-
tween $700,000,000 and $S00,000,-
900, they are less than Great Bri-
tain's and are only about two-thirds
Of estimates made by officials less
than year ago. Slow progress of
the shipbulding program and the
retarding of the outpouring of war
supplies are regarded by officials as
the chief reasons why expenses did
not equal estimates.
Billion Per Month.
| Government expenses now are run
ming about q billion dollars a month,
with somewhat less than half going
to allies, who spend the greater part
of their loans for war supplies in this
country.
Since the declaration Of war, April
G, 1917, the governments actual ex-
penditures have been more than
$9,S0O,000,000, but about $800,000,-
600 of this sum would have been
spent for normal activities, even If
the United States had not entered the
war.
Ordinary expenditures, under
which the treasury classifles all out
lays for operation Of government
machinery and war enterprises, since
the declaration of war have been
approximately $5,084,000,OOO. Ac-
tual payments to allies amounted to
about $4,742,000,0O0.
Income from internal revenue,
most Of which Is represented by war
taxes, and from customs and miscel-
laneous sources, has run up to about
1885, 100000, and the two Liberty
Loans have brought to- the treasury
a little less than $5,8OO,0O0,0OO.
Small collections from war savings
and thrift stamps in the last four
months amount to $140,O00,O00.
Other Lecnl Expenditures.
There are number of other mi
nor receipts and expenditures, but
they do not materially affect the con-
dtion Of the public Golfer. Outlays
for redemption of certificates of in
debtedness, although appearing large
. on paper, actually mean little to the
government in the long run. since
the certificates represent short time
loans-public borrowings which are
repaid within three months.
About $3.200,O0O,0O0 of certifi-
Gates Of Indebtedness are now out
standing and will be redeemed at
various times within the next few
months. This means that the treas
ury has received this amount to cover
running expenses. but will have to
repay 1T soon out Of receipts from
taxes due in June and from the third
Liberty Loan.
Financial experts OF the govern
ment calculate that the war has cost
In dollars even more than the formal
treasury figures show, on account Of
Increased expenditures Of many
State and local governments under
war conditions. They do not venture
to estimate the aggregate of these
expenses, however. On the other
hand, the war has resulted in innum-
cradle economies-public, private
and personal-enforced party by
rising costs and partly by organized
economy movements
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