The Sentinel=record., 1918-04-05
ONE SIXTH OF THE SUM
is RAISED BY TAXATION
The Remainder Represents the Varl-
Gus Bond lssues, War Stamp Sales
and Other Means the Government
Had Of Extending the Credit OF In.
diViduals to the Support Of me Coz
ernment.
ernnent

Washington, April Mime billion
dollars ie the approximate cost to the
United States Of one year Of the war.
More than one-half has gone In loans
to allies and will be repaid event.
ually; over one third has been spent
Tor the army and military establish
ments; one tenth for the navy and
Ione-fifteenth for ship building.
Just one-sixth OF this bag war cost
has been raised BY taxation and other
ordinary sources Of revenue and the
balance has come from the sale OF
Liberty bonds and certificates Of in
, debtedness,
Enormous as these war expendi-
lures may seem to a country whose
government in peace times costs be-
tween $7000000O0 and $3.50, 100000,
they are less than Great Britain.s
and only about two-thlrds Of estl-
mates made by officials less than
year ago. Slow progress Of the ship
building program and the retarding of
the outpouring Of war supplies are re-
earded by officials as the chief rea-
sons why expenses did not equal es-
timates
Government expenses now are run
ming about a billion dollars a month
with somewhat less than half going
to the 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-
nenditures have been more than
80, 100000.
Ordinary expenditures under which
the treasury classifies all outlays for
operations Of the governmental ma
chinery and war enterprises. since the
declaration of war have been approx
mately $50S4, 100000 Actual pay
ments to allies amounted - about
S4743 100000.
Income from internal revenue. most
of which is represented by war taxes
and from customs and miscellaneous
sources was run up to about $685.
100000, and two Liberty loans have
brought to the treasury a little less
than $5,000,0O0.000. Small collections
from war savings or thrift stamps in
the last four months amount to $li0,-
100000 There are a number OF other
minor receipts and expenditures. but
they do not materially affect the pub
lie Golfer
OUTLAWS for redemption of certifi
Gates of indebtedness, although ap-
pearing large on paper. actually mean
little to the government In the lone
run, since certificates represent short
time loans-publie borrowings, which
are repaid within three months.
About $3.200,000.0O0 of certificates
Of Indebtedness are now outstanding
and will be redeemed at various times
within the next few months. This
means that the treasury has received
this amount TO cover running ex-
penses. but will have to repay it soon
ont of receipts from taxes due in June
and from the third Liberty loan
Financial experts of the government
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 con-
ditions. They do not venture to es-
innate the aggregate of these expen-
ditures on the other hand the war
has resulted in innumerable econo-
miles, public, private and personal, in
fluenced partly BY rising costs and
prtly by organized economy move
ments