The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-09-20
BONDS, NOT TAXES
To MEET URGENT
DEMANDS OF WAR
McAdoo Thinks Pending
Revenue Bill Should
Not Be Increased.
HOUSE NEAR VOTE
Levy on Cotton Defeated
After Sharp Debate.
Senators Looking
Ahead.
HOUSE NEAR VOTE

Washington. Sent. ia-~-Serrotary ~
the Treasury McAdoo today an
nounced that the new demands OF IN"
war department fer the big army
soon TO he placed in France VIII have
IN he met without adding more take"
70 the o.oeo 600 bin which tn"
house As now considering Present
conditions. he explained. make II IN
wise to 20 further than this bill has
gone in tho direction Of laying taxes
upon the people and the business Of
the country,
To meet the army demands, which
mount 20 more than $1,000. 600 eoV'
it is prohahl there Will have 10 pc
further increases in the amount OF
bond sales. and as large portion as
possible OF the amount needed ~lti re
carried as contracts, To he PAID Tor
by future appropriations. II Is pron.
abe that at least $4,000 ooa-N0e OF
rhn amount needed under General
March estftr9att-~ wifi have 90 re
raised hy the sale OF bonds,
Secretary MCAdoo's statement was
made In response 10 inquiries from
various senator's aud representatives
as TO what the policy or the treasury
department will he IN the matter OF
enIarging this revenue bill 10 take care
of the war departments needs. SIEVE
raj senator's had planned 70 call upon
Secretary McAdoo ~ ask him Tor ms
views on the question. but he eA-
ulained in telephone message TO
senator Simmons. chairman OF the
finance committee. that no conference
would be necessary The following
statement OF his VewS then was
issued AT the treasury department
Secretary McAdoo stated today
sf4a, II is TO- t'4a intentien of the
treasury t4epsftfneuf to ask fer srsssf@
than $4,000 p0o,0F1 ny taxes For the
current fiscal year We expressed the
belief that II was unwlse TO go further
at the present time and that condi-
lions that may develop in the future
viii determine the question OF further
increases in taxation
Senators who received this STAKE
ment were unable, TO obtain from the
secretary any further eyl ression as TO
his policy in financing The army in
creases
That tbs decision OF the treasury
department against adding more taxes
In the pending bill means the drafting
of "A new bill next year carrying larger
taxes than the present measure is the
consensus Of opinion among ns"p'hers
cf the ways and means committee
They believe II will he Impossible To
bill at the next session Of congress.
An agreement was reached in the
house TODAY TO take tho final vote on
the IS 0o0. 400 900 hill tomorrow All
Of the amendments proposed today.
including the Moore amendment for n
tax OF 81 bale on cotton. were de-
feated and rapid progress was made
on the final sections OF the bill.
The debate on the cotton bill was
| enlivened by heated colloquy be-
| tween Mr. Moore, OF Pennsylvania
author Of the proposal. and Mr..
Rainey. Of Illinois, a member OF the
committee. Charges were hurled back
and forth in right merry fashion.
| Mr.. Rainey charged that the cotton
1 tax was silly and asserted that II there
was any foundation for Mr.. Moore's
statement that n corner in cotton
exists, it Is among the cotton gam :
blers of Philadelphia, and not among
tho cotton growers OF the South"
why doesn't he propose a tax on
Isteel or upon anthracite coalP" Mr.,
| Rainey asked. They produce II in
pennsylvania and nowhere else. The
state also produces coal profltcers.
land he represents them, together
with other protiteers of the state OF
PENNSYLVANIA The farmers of the
iSouth, on their poor little farms,
Threatened with boil weevil and with
drought. are not profiteers and. there
fore, they do not measure up to the
Exempt standards of the gentleman
Iron Pennsylvania
Mr.. Rainey was literally applauded
lon the democratic side, and the
amendment was defeated IS to 100