Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1918-04-05
HALF IS LOANED TO ALLIES
One-Third Spent for Army
One-Tcnth for Navy,
Other Scattered.
BELOW ORIGINAL ESTIMATES
Failing Down of Ship Pro
gram Cuts Off Heavy
Expenditures.

WASHINGTON. April 4.-Ninc
billion dollars ts tho approximate
cost to the United States OF ono year
Of war.
Moro than one-half has gone I'm
'oaiH TO allies and VIII hr rcptid
eventually over onc-third has LccL
spsnt for tho army and military .cs
ADJUSTMENTS. one tenth for the navy
and one-fiftecrth Tor shlphuIdmr
Just ono-s'Nth OF this big wac cost
hab been raised by taxation and 9th
cr ordinary sources Of revenue. and
we balance has come from ,ale OF
lAbeTty bonds and certificates OF in
debttdneSs
Enormous as these war cNpcndi-
lures may seem TO a COuutrN whose
government I'm peace times costs be
tween lOO.Hoo,00O and $500. .UoO, ,00U.
they arc loss than Great BTitaiu's and
sro only about two thirds ~ osti-
mates made ~ officials loss than u
year ago. Slow progress Of the
shlphuildinG program ana the re
tardlng OK the outpourirg OF war
r supplies ar" ~oEardcd by officials as
the chief reasons why expenses did
not equal estimates.
Billion q Month Now.
Government expenses now arc
running about "a billion dollars "A
month with son ewhat lcss than half
going 70 UliCs who spend the great
er part ~ their loans Tor war sup
plies m this country
Since the declaration of wa fAAfSr>l
Z, 1917, the governments actual OK
penditurcs have been more than
f4.SOO 900. 600, but about 100000.
600 of this sum would have been
spent for rormal activities even II
the United States had not entered
teh war
Ordinary expenditures a N d r.
which a." treasury Clatsi'ics all out
lays for operation OF she goN0rnuicu-
tai machinery and war enterprises.
since to declaration of war nave
been approximately ttOSi.0o0 0o0.
Actual payments TO allies mounted
- about $,7f3 900. oO0
Income from internal revenue
most OF which Is represented hy war
taxes, and from customs ana mis-
Cellanc0us sources was run up 90
about l,5S5. .00O,C and two Liner
" loans have brought 60 the treas
uty a little less than $500 100000.
small collections from war savings
or thrift stamps in the last four
months amount to si4OOO0,O0O,
Other Minor Items.
There are number or other
minor receipts and expenditures
nut they do not materially affect the
condluon OF the public Golfer. out
lAys tor redemption Of certificates
OF indebtedness altho appoaring
large on pepper actually meun htlr
70 the government in the long run
since certificates represent short
time .OanF- public borrowings which
arc repaid within three months
About S3,200.400. 900 of ccrtifi.
Gates cf Indebtedness are now out
standing and viii he rcedcmed AT
various times within the next few
months This means that the treas
ury has received this amount to
cover running expenses but will have
10 rcray n soon out of receipts from
taxes due IN June aud from the third
I Liberty loan.
Financial experts of the govern
ment calculate that the war has cost
In dolarH even more than the for
mai ucaStry figures show on ac-
count OF Increased expenditures Of
many state and local governments
under war conditions. They do not
venture 90 estimate tho aggregate Of
these expenditures, however. On
the other hand tho war has resulted
in innumciablo economics. public,
rrivutc and personal enforced partly
hv rising costs and partly hy or
ganizcd economy movements.