Evening capital and Maryland gazette. (Annapolis, Md.) 1910-1922, 1918-09-25
LIBERTY LOAN BONDS;
HOW THEY ARE Spent
Sums Of Money Appropriated
For The Prosecution Of
The War
PROSECUTION OF WORK

me Nal4Olldl w > A-AD~A - -~~e-~
Commit zee. shows in the following
propaganda how the vast sums Of
money appropriated for the prosecu-
ton of the war are being spent by the
Government:
THE money we pay out and what
we get for it is fair statement of
our war program and of our national
achievement so far, and indicates def
initely the magnitude of orr under
taking. the giant scale OF prepara-
ton and the standard we have set for
ourselves in this grim struggle to pre-
serve our national life and the civil
ization of the world. What we have
done so far points TO what is before
us-what we must do week by week
and mon.h by month till the war is
won.
In normal umes--in peace times
il costs about a billion dollars year
ID run the Government. Tor the fiscal
year ended June 30. 1918. Congress
appropriated in round numbers, in
Guiding Deficiencies, $1S,SS2 900. 900.
For 1919 Congress has appropriated
in round numbers at the present ses-
sion, including deficiencies and appro-
priation bills pending, S24,SSO 900 600.
THE mind is often confused over
appropriations and expenditures
Congressional appropriations fix the
limit of what may be used. Then the
Governmental Departments and Blu
reaus spend what is necessary, and at
the end of the year the appropriation
lapses. Official figures show that for
fiscal year 1918, the Government spent
$12 $50, 702, AHA, and in addition dur
ing the war months of 1917 disbursed
$685., 900 900 for loans to Allies.
up to the very day we entered the
war Germany believed that victory
for the Central PAYERS lay just ahead
A strong factor in this calculation
was their belief that the Entente
Powers were financially exhausted
Germany had spent fifty years pre-
pairing for a war of conquest. Sic
knew that from its very start she
must wage it from within the circle
composed of herself and her allies,
that she must produce from within
this circle her raw SUITS and manu-
featured material, and by doing this,
though the war has continued far be-
yond the eighteen months that Ger
many set for It's winning-if there
was to be a winning-she has kept
her money at home, used i. over and
over again, as the same water often
turns the wheels of many mills.
"Our allies. on the other hand, ow-
ing chiefly to their lack of prepara-
ton, had to come into the markets of
the United States for most OF their
war necessari es, and in the years of
our neutrality their account with us
totaled approximately $9,453, 524.547.
"A nation and an individual are
alike when they want to buy any
thing-they must have money or cred
it, which is based on money. Oar Al
lies were short on both and we sup
piled their need. We advanced them
money and credit, and we called the
transaction a loan. Thier securities
and governmental undertakings to re-
pay lie in the vaults of the Treasury
of the United States.
What our Allies did with that cred
it or money is of vast Importance to
us. They looked to us to supply them
with wheat and corn and cotton from
our fields, coal and ore from our
mines, and finished products from our
factories and boundaries, otherwise
they could not remain at war, so they
brought this credit that. we had lent
them into our markets and spent it
over our counters.
During the fiscal year 1918. our
exports amounted to $4,000 900, 00O
Six billion is six thousand million.
Most of these went to our Allies, and
was turned Immediately and eagerly
into fighting stuff for winning their
war-our war.
"You will be interested in knowing
some Of the things our ALLIES really
did with the sums we lent them.
First they used over $15O,000,00O for
relief in Belgium and Servia The
people in Belgium call il blessed
money Besides the enormous expen-
ditures embraced in the term 'muni-
tons of war they have spent $780,
100000 for cereals, $SO0,000.000 for
meat and other foods. and $500. O0n,-
600 for cotton"