Pine Bluff daily graphic., 1918-09-20
WAR COST UNITED STATES BILLION
 EVERY 30 DAYS
Has Already Cost Country More Than Four Times
 Amount of Civil War.
By Associated Press.

 months of war have cost the United States government $17,339 ,631 ,342- q billion dollars month. This rate has increased SO r apidly, however, that August expenses ran up to $1 I sO6,613,222, or nearly $200,000,O0O more than the previous high record set in July.
 These figures from the treasury show that less than one and one-half years of modern warfare have cost tho United State more than four times the combined Union and Confederate outlays for three years of the Civil war, calculated at $3,660, 0,O00, 900 for the Union and $1,500, 900, ,0OO, for the Confederates.
 The report also shows double the rate of increase in expenditures esti- mated by the government in June, then set at $10O,00O,O00 more each month. It this rate continues, ex- penses for the year ending next June 30 will be much more than the $24,- 100000 estimated, and the country may be called on to absorb more than the $16,OOO, ,O0O 900 of liberty bonds now tentatively planned.
 The treasury report also shows fur- ther that of the $17,339, ,0O0,0 cost of the war to date, $10 0,989, ,077 900 has been spent for ordinary war purposes, and $6y245, ,764, ,0O0 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,O31 ,478 1000 has been gath cred by the government from taxes, customs and other minor sources of revenue since the war started, and $12,SOO, ,O0O ,OOO from liberty loans and sale of certificates of indebtedness, which are to be converted into liberty bonds. This indicates that only 29 Der cent of war expenses to date have been drawn directly from the pockets of the people, and that T per cent has come from popular borrowings which will necessitate heavy tax levies long after the war.
 The third liberty loan has now brought in $4,635,0 ,000 which leaves only $11, 100000 of the $4,176, ,000, 900 original subscriptions yet to be paid in. The last installment was due three weeks ago. Income and ex- cess profits payments trickling in dur ing August raised the total from this sources within the last year to $2,- 842,298 ,OOO and officials expect this to rise gradually to $3,0O0, 100000 as dehhquent payments are rounded up by internal revvenue agents.
 Millions of thrifty citizens investing in " ar savings stamps have piled up $647,644,O ,O0O. In August receipts from the stamps were $129,044,000. Even with this total, comparison shows that war savers did not keep up their pace eet in July, when the government col lected $211 ,417,000 as a result of the national campaign on thrift day.
 Tremendous war expenses these days-$6O, 100000 a day-are being met by sale of certificates of indebt- edness. virtually short time loans from banks, to be refunded in the fourth liberty loan. Even with half billion of these securities going out every two weeks, and corresponding inflow of money, the governments working balance has dropped from about $1,50O, 100000, where it stood for the last few, months,. to about Fl ,O0O, ,O0O, ,0O0.. The figure represents on hand, most of which is distributed as deposits among hundreds of banks but available at all time for checking out.