The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1918-12-31
AmERICAPAID
18 BILLIONS
DUR|. G 1918
TO RUN WAR
Expenditures Since Armistice
Was Signed Bring Aggre-
gate Cost to Over "a Bill
lions - Demands May In
crease.
FOUR BILLION IN LOANS
(By Associated Press.l

WASHINGTON, Dec 31.-It cost
the American people about $I8,160,-
100000 to run its expensive war gov
ernment and make loans to allies in
yhe year ending today, according to
'cbmputations from treasury reports.
December expenditures. above two
billion dollars, the record of the ma
tons history, sent aggregate costs to
date to approximately S24.500 ,0O0. 900.
OF the S18.160, 100000 paid out of the
treasury's Golfers In 1918, probably ten
tillion dollars went for the army and
the general military establishment,
about two billion dollars for the navy,
a billion for the ship building pro-
gram. billion for other civil govern
ment needs and 50,O00,00O as loans
to Americas brothers in arms.
Outlay Is Mounting.
Although hostilities ceased nearly
two months ago, the government 5
outlay each day is mounting on ac-
count OF the liquidation OF tremend-
Gus war contracts and treasury offic-
falls said indications are that the de.
mands on the government In the first
month Of the new year may be even
more than for this month.
With estimates of expenses In the
ldSt lew udyS, HOt yet ACTUALLY COiIi-
piled. officials believe December ex-
peuses will run TO s2.100,0O0.00O or
nearly s200.0OO,00O more than last
months high record. This includes
nearly s430,O00,000 estimated for al.
lied loans. and 1.e70,ooo.ooO estimat.
cd for the governments actual expen-
ditures
That the public has paid only about
one-thlrd Of the wars expenses. ex-
cluding foreign loans. in taxes, in cash
ond two-thirds az loans to be repaid
in another generation, Is indicated by
treasury figures Of collections from
various sources. With the last four
days OF the year not yet tabulated 1t
is shown that receipts from taxes, Gus
toms and miscellaneous revenue.
amounted to $4.6s7, ,C63 900. of which
$2.949. .032 900 came from income and
excess profits taxes alone; $1,124.51S.-
GOO from other federal taxes: only
Sill 100000 from custom duties on
IMPORTS and the balance or about
SAL 100000 from miscellaneous rev.
enue sources.
Income From Loans.
During the year s6,O38, 100000 has
come into the treasury from the fourth
liberty loan and s4171, 100000 from
the third liberty loan. In addition,
S13.s02, 100000 worth of certificates OF
Indebtedness have been sold and sub
sequently largely redeemed from lib
erty loan receipts. War Savings
Stamps and certificates have brought
s3!3. 100000 into the treasury which.
With the exception Of S10,Oe0,000
worth of these small securities sold
in December, 1917. represent the en-
tire harvest from war savings and
thrift stamps In the year they have
been on the market
War savings receipts this month
amount to about $60.00O,000
The way In which war expenses
have mounted from month to month
is shown by the following table Of ex-
pendtures:
January. 1918. s1,090000,000 Feb
ruary. 1,Ol2.000.000: March, 1155,000,-
600; April, 1,215, ,00O.0oO; May, 1905
100000; June. 1.512,000,000: July.
s160S, 900 900; August, 100000 900;
September. s1.557 100000; October,
Sl.664 100000; November. s1,935 .0O0.-
600; December (partially estimated).
S2.100, 100000.
These figures include the loans to
allies which have run at an average OF
about $340,00C.O00 month.