The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-12-15
SEES 2 YEARS MORE
OF LIBERTY LOANS
Smoot Criticises Democrats in
Programme of Tax
Reduction.
COST OF ARMY AND NAVY
National Expenditures Limit
Exceeded by Proposed tx.
penditures, He Says.
Special Despatch 10 THE 81

WASHINGTON, Dec. 1.-Two ye.-
after the end Of the war the tni,o,
States will still be issuing loans IN,
the upkeep Of the Government NJ.
cording to Senator Smoot Utah). II.
criticised to-day the programme OF tia
Democrats for raising by reyenr.
s6,00o,000,00 900 through taxation levied
on the nation for 1918 and reducing
that amount to 100000, 900 for sub.
sequent years.
1t was pointed out ~ Senator
Smoot that. according to approorjs.
tons and authorizations Of cNpend,.
ture now on the statute books mora
than $4,000, 900, 900 for this fiscal yea,
would be the total expenditure undo,
existing laws IL everything authorizod
Or appropriated for could be delivered
and the termination Of hostiites had
not permitted many curtailmont4 o,
war purchases through cancellation,
OF contracts.
The actual appropriations for tho
current fiscal year, Senator Smoot in.
| sisted. Appropriated s27. 900 100000
While the authorizations add $4,000.
| 000, 900 to the total. OF this sum 81.
| 38S,6S7.9S5 had actually been appro.
| priated and $5.1S1 ,430.346 authorized
Deficiency appropriations and author.
cations made up the balance OF the
/ l,tl1
had been taken care of in large meas.
ure by existing tax laws and Liberty
bond issues there was another bond
issue in prospect the coming spring
Plan for Getting Money.
On the other hand Senator Smoot
explained there is no possibility o.
avoiding further bond issues in Hs
fiscal year 1920. if the income @.
the Government from taxation is re.
stricted to $4,000, 900 900, as the rev.
enue bill now provides.
He pointed out with undoubtedly
necessary loans to tho Allies excluded
the bill for conductingIthe Government
in the next fiscal year would not ba
less than $4,000, O0O, 900 THIS, sad
Mr.. Smoot, would be less than ha'
met II the revenue income Of tic
Government was restricted to Az pc
cent. of such sum. and without doubt
another bond issue would have TO 10
made some time in that year.
THE future costs of Government
are largely guess work" Senator
Smoot said. For example. the est.
mated size OF the proposed peace
army for the years immediately sub.
sequent to the war will be 800 Oo0 mca
so we are told. On the other hand
the navy wants a peace appropriate"
OF approximately $1,000, 600 900 ari
large as the sum is | would not 3.
put in the position of criticisug r
Senator Reed (MoD at this po 4
asked If the $4,000 100000 new nav"
was to be used to give force To 10
DEGREES of the League of Nations
Not with my consent" replied son.
ator Smoot. And let me give war;.
ing now-never with my consent a.
vote or voice will a provision Tor
league Of nations be ratified I'm the
Senate
National Production Exceeded.
! senator SmOot IN discussing t.H =.
lpendous appropriations of the Currer'
lyear remarked that according TO hS
own estimates much OF the proposed
expenditure never could be made for
the reason that the limit OF national
production was exceeded by the sums
appropriated. He said he dill not he.
= lieve the maximum productivity " the
American nation yet exceeded SIS
900 900, 900.
WASHINGTON, Dec. 14.-Nou,o w''
served on the Senate to-day by Chair
man Simmons of the Finance Con
mittee that beginning Monday 10
would ask that all other business %
laid aside to give continued and unn
terrupted consideration to the VA
revenue bill,
Numerous amendments o. tho tU
were introduced to-day for later cor
sideration. One by Senator Kenyon o
Iowa would levy 20 per cent on meals
in a hotel restaurant or dining a.
costing more than 50 per person
NO GRIP EPIDEMIC.