The Hartford republican. (Hartford, Ky.) 18??-1926, 1918-10-18

naQ spent Sb,UUU. But IL WoulQ De only
part of the truth, as he would still
have the home, which would be worth
the, amount he paid out. and with the
advance of time it would increase in
value and his investment would be a
good one.
Big Investment Figures.
=" There are tremendous sums being
paid out for so-called war expendi-
lures, but they are investments which.
after the war is over. are going to be
worth more than 100 cents on each
dollar spent.
When a business man or a company
buys or builds a steamship line, or
builds or buys a railroad. they have
spent that amount of money which il
costs to own the property, but they
still have the steamship or railroad
line as an asset. So it is with the
United States. Out of the sum total
of expenditures made by the govern
ment the United States, after the war
is over and democracy reigns through
out the world, will own railroads that
have been constructed in France,
steamships that ply the oceans Of the
world, docks from which the ships de-
part. warehouses in which the ship
ments are stored. cranes with which
they are loaded and unloaded.
The list of property also will include
large manufacturing plants throughout
the country which will turn from mu-
nitions and war supplies to needed
manufactured products which will re-
store the embattled world to a peace
full condition.
AS a matter of fact, the authorize
tons of Congress will aggregate
SEQ, 1000 000, 900 for the period from the
entrance of the war to the end of the
present fiscal year. June 30, 1919. The
first years expenditures show that
.S18,S79,177,012 was spent and that
100000, 100000 was appropriated for
the year ending June so, 1919. These
figures, however are what the govern
ment was authorized TO spend. not
what it actually did spend.
Not All Wastase.
A survey of the figures shows that
the United States did or will spend
$36.696, 702.470. II is proper to deduct
from this amount the cost of the Unit
ed States government for the same
time on basis of pre-war conditions
This expenditure would have been
1865, 000,0 900. which, deducted from
hA antnaIlxy
conditions, makes the actual expendi.
lures because OF the war $34.33l,-
7O2, 40.
First of all, $4,000, OOO, 900 has been
OF will be loaned to the Allied govern
ments at a rate OF one-half of per
cent higher than the rate on the bonds
In the United States. All of these esti
mates cannot be exactly correct, but
they are so close relatively that no eX
ception can be taken TO them. Ships
and shipyards have cost $3.50, 100000
railways and other permanent invest
ments in France have cost S1,000,000
coo, funds for the railways in this coun
try. for the war finance and grain cor
porations aggregate Sl.050,000, 000
army warehouses throughout the Unit
ed States 100000, with other per
manent and valuable investments to
the sum of 1912. 100000. This is an az.
gregate of sound investments of SIG.
600 900. 600, leaving total of $lS.331,.
7O2 .470 which may be regarded as the
United States financial contribution
toward making the world safe haven
for democracy.
II does not represent the sacrifices
which the mothers Of the country are
making, because the blood sAed is of
far more value than any financial con
sideTation. But the expenditure OF life
and funds today Will prevent the great
or sacrifice Of life and blood at SON.
finn. ip Ola. fufTTa