The Cordova daily times., 1918-09-21
ENORMOUSC COST OF WAR T0 THE
 UNITED STATES

WASHINGTON, Sept. 21.-Seven. teen months of war have cost the United States government $17,339, ,681,- 342-a billion dollars a month This rate has increased so rapidly. how ever, that August expenses ran up to s1.S05. .222. or nearly s2O0,O00,- 900 more than the highest previous record set ih July
 These figures from the treasury show that less than one and one half years of modern warfare have cost the United States more than four times the combined Union and Con- federate outlays for three years of the Civil war. calculated at s3,66O.- 100000 for the Union and $1.5OO, ,O00,- 900 for the Confederates.
 The report also shows double the rate of increase in expenditures esti- mated by the government in June, then set at s10O.OO0,OOO more each month If this rate continues, ex- penses for the year ending next June 30 will be much more than the s24. 00O.0000 900 estimated. and the coun- try may be called on to absorb more than the $l6,oOO. DOC. GOO of Liberty bonds now tentatively planned.
 The treasury report also shows fur ther that of the $17,339, ,00O 00O cost of the war to date. $10.9S9.077 00O has been spent for ordinary war purposes, and $G.245. .764 .00O has gone as finan Cial aid to the allies. This will be repaid eventually, and consequently may be deducted in calculating the net war expenses to the United States government.
 Only $5.031.47S.OOO has been gath cred by the government from taxes, revenue since the war started. and S12,300, 100000 from Liberty loans and sale of certificates of indebtedness, ! which are to be converted into Lib erty bonds. This indicates that only . % per cent ot war expenses to date . have been drawn directly from the pockets or the people. and that Il per . cent has come from popular borrow ings which will necessitate heavy tax levies long after the war.
 The Third Liberty loan has brought in S4,165, ,635 900. which leaves only nal subscriptions yet to be paid in. The last installment was due three weeks ago Income and excess prof. it's payments trickling in during Aug ust raised the total from this source within the last year to $2,S42, 29S. 900, and officials expect this to rise grad ually to $3,0O0.00O,O0O as delinquent payments are rounded up by internal revenue agents.
 Millions of thrifty citizens invest ing in war savings stamps have piled up $647 7,554,000. In August receipts tAS SldlupS "tlt Sl-J,utt,uuU. INen with this total, the comparison shows that war savers did not keep up their pace set in July, when the government collected $2ll,417,0OO as a result of the national campaign on Thrift day.
 Tremendous war expenses these days-$60,00 a day-are being met by the sale of certificates of in- debtedness, virtually short-time loans from banks, to be refunded in the Fourth Liberty loan. Even with q half billion of these securities going out every two weeks, and a corr spending inflow of money, the govern ment's working balance has dropped from about s1,5O0,OOO, O,O0O, where it stood for the last few months, to about $l,00O.0OO, 1000. The figure rep resents funds on hand, most of which is distributed as deposits among hun dreds of banks, but available at all times for checking out,