Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1918-09-17
War Costs y. S.
$I,8O5.5l3.222 in
Month of August

Washington, Sept. IT, Seventeen
months of war have cost the United
states government s17,3S9l 6S1.S42--a
billion dollars a month. This rate has
increased so rapidly. however. ta.t'
August expenses ran up to Sl.Soo. 2lo'-
aa2 or nearly 5000, 100000 more than
the highest previous record set IN July.
These figures from the treasury SHOW
that less than one and one-haif years
OF modern wayfare have cost the united
States more than four times the com
bined union and confederate OUTLAWS FOR
three years of the civil war. calculated
at $3.50, 900 600 for the union and $l,-
soc. O0O. 900 for the confederates.
The report also shows double the
rate of increase in expenditures est-
mated by the government in June, then
set at $100,000.00O more each MONTH
| If this rate continues. expenses Tor tne
YEAR ending next June 30 will be much
more than the s24-4aO,0 100000 estimated
and the country may be called on 10
absorb more than the Sl6.OOO.OooooO OF
liberty bonds now tentatively Planned.
The treasury report also shows tuf-
Their that of the $17.339. 100000 cost OF
the war to date. $1O,9S9.077,oo0 has been
for ordinary war purposes, ana So,-
245.764.OO has gone as financial ana
to the allies. This will be repaid
eventually, and consequently may be
deducted in calculating the net war eX-
nenses to the United States govern
ment.
Only s5,o31, 47S.0oO has been gathered
by the government from taxes GUS
Of reyG-
me since the war started, and S12,3Oo,-
900 900 from liberty loans and sale of
certificates of Indebtedness. which are
TO be converted into liberty bonds. This
indicates that only 20 per cent of war
expenses to date have been drawn a.
rectly from the pockets of the people,
and that II per cent has come from
popular borrowings which will neces-
state heavy tax levies long after the
war.
The third liberty loan has now
brought in $4,165,635,oo0. which leaves
only 100000 of the 176O00,OOO
original subscriptions yet to be paid IN.
The last installment was due three
weeks ago. Income and excess pronts
payments trickling in during August
raised the total from this source within
the last year to $2,s42,29s,000 and Off
Gals expect this to rise gradually TO
So, 600, 00O,O0 as delinquent payments
are rounded up by internal revenue
agents.
Millions of thrifty citizens investing
in war savings stamps have piled up
$647. $4,000. In August receipts from
the stamps were 1928, 044, 900. Even with
this total, comparison shows that war
savers did not keep up their pace set
in July, when the government collect
ed s211, 417,O00 as a result Of the ma
tional campaign on thrift days.
Tremendous war expenses these days
SEQ, 000, 900 a day--are being met by
sale of certificates Of indebtedness,
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 81, 500 600 900 where
It stood for the last few months. to
about $1,000, 900. 600. The figurr-repre-
sents funds on hand. most of which is
distributed as deposits among hum
dreds Of banks, but available at az
times for checking out.