davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1919-09-29
THE HASKIN LETTER

been provided for b. law in this
sinking fund section Of the victOry
bond act.
Two and One-half per cent Oi
eighteen billion dollars is four hun
dred and fifty million dollars. This
four hundred and fifty million dol
lars, or nearly half as much money
as was necessary to run the Govern
ment for a year before the war, is
for a period Of twenty-three yearl
to go annually into the war debt
sinking fund. The taxpayers have
got to provide that amount Of money
In addition to the interest that must
be paid on the debt This interest Of
eight hundred million dollars, plus
the sinking fund payment Of four
hundred and fifty million dollars,
gives q total Of one billion, two hun
dred and fifty million dollars as the
annual burden that the taxpayers
Of the United States viii have to
bear as the result of indebtedness
coming out Of the war.
Twice Previous Revenues.
This means that the amount Of
taxes that the Government must
raise, now that the war is over, is .
little more than twice as much as
the amount Of money It was called
upon to raise before the war came.
The Government is quite noncha-
lantly meeting the necessary tax
burdens to pay current expenses,
interest and sinking fund, and to
have a considerable item Of "velvet"
after those obligations are met.
The income of the Treasury De-
paTtment for the current year will
be six and a half billion dollars
about enough to break even on ex-
penditures. In that figure there will
be Victory loan installments to the
amount Of one billion dollars. They
are an unusual resource which will
not be included in the future annual
income schedule. The present tax
scheme, however, will produce FIVE
and one-half billion dollars a year,
and that is much more money than
VIII be needed TO run the Govern
ment, pay the interest on its in
debtedness, and provide for its sink
ing fund. Two and a half billion
should do this.
So does it become evident that
taxes may be reduced as much as
one-half and leave the Government
a sufficient sum OF money for current
expenses, or the rate may be kept
high and the money go toward the
more rapid reduction Of the national
debt.
At any rate, the whole financial
problem Of this Government IS now
on a very firm basis, where the only
vision Of the future Is the inflow Of
quite adequate funds from our great
national prosperity to finance US and
eventually to lift that stupendOus
burden which the war has pls- d
upon US
The Washington times., 1919-09-29

to approximately eight hundred mil
lion dollars. A measure Of this
amount may be gained by comparing
it with a billion dollar expenditure
before the war, which was adequate
to run the Government for a year.
In addition to this annual interest
charge which the taX-paying public
must face, it is, Of course, advisable
to arrange for the ultimate payment
Of the national debt. 1t Is not gen.
orally appreciated by the public that
arrangement for the discharge Of this
debt has already been made. When
Congress passed the Tictory loan
bill il provided a sinking fund which
will eventually wipe out our whole
war debt.
The Treasury Plan.
Section six of the victory loan act
lays the foundation for taking care
Of this huge item. The experts Of
the Treasury Department worked
out a very neat little problem in
mathematics which is to serve the
ultimate purpose Of spOnging the
slate. These experts show how any
debt may be discharged in a period
of twenty-three years by a very
simple procedure. The plan is as
follows:
Whatever the amount of the debt,
appropriate two and one-hah per
cent of that debt each year and PIT
it in the sinking fund. This money
so appropriated is then invested in
four and One-half per cent bonds.
This annual appropriation, plus the
interest which it accumulates, will
wipe out the debt in twenty-three
years. This is true if the debt is q
thousand dollars, a million dollars,
or a billion dollars. It is true of the
eighteen billion dollar debt which the
United States has accumulated The
positive elimination of that debt has
The Washington times., 1919-09-29
MEETING THE WAR DEBT
By FREDERIC ]. HAsKN

dollars a year, or two and a quarter
billions for the period.
Deducting these normal expendi-
tures from the thirty-twO and a half
billions, we have thirty billions,
roughly, which should be charged up
against the war. Another credit
item which we may deduct from that
thirty billion is the nine billions
which is owed US by the nations Of
Europe and which, in all probability,
we will get back. So the sum total
Of net loss due to the war seems to
be about twenty-one billion dollars.
No Loss On Wheat.
A few months ago the Treasury
Department was estimating our
possible Indebtedness when our war
obligations were met, as from twen-
ty to twenty-four billion dollars.
Fortune favored US in a number Of
ways, however, and it is now evident
that the debt will not be that large.
We expected a loss Of a billion dol
lars through the guarantee of 1920
for wheat, while as a matter Of fact
we have had no loss at all on that
score.
The loss on the ship-building pro-
gram Of the nation has not been as
great as was anticipated, for the
reason that the market on ships has
been excellent and it has been pos
sible to sell many Of them in such
a way as to avoid loss and sometimes
even at a profit So the debt has
been whitfield down, and it is now
evident that it will not amount to
more than eighteen billion dollars
and that it will probably be under
that figure.
This debt Of eighteen billion dol
lars to be sure, is a nice little bur
den to carry through the decades
that are to come. In the first place
the mere annual interest on 1t comes
The Washington times., 1919-09-29

THE United States Treasury
Department announces the
dawn Of q new financial day.
1t states that Uncle Sam is now
solvent; that he is no longer run
ming behind in his obligations day
by day; that he pays as he goes and
has more money coming in than he
spends.
This Is a condition which, until
recently, had not existed since this
nation plunged into the great war
back in the spring Of 1917. The un-
precedented expenditures necessary
in carrying on that war were far be-
yOnd the power Of the nation to
finance without going in debt. As a
matter Of fact, the United States
went in debt, piled up obligations,
pyramided the war burden ct a
dizzying speed never equaled by any
other agency since time began.
Neither Great Britain, nor France,
nor Germany spent money as fast as
did America.
The period Of debt accumulation
amounted roughly to tWenty-seven
months, which lasted from April,
1917, to the end Of June, 1919. In
that twenty-seven months the United
States spent thirty-twO and a half
billion dollars. The maximum Of eX-
penditure was reached two months
after the aFmistice was signed. In
the single month Of December, 1918,
this Government paid out two billion
dollars. There the expenditure
reached the high water mark and
began to decline, until for the month
Of June, 1919, the outflow amounted
to eight hundred million dollars.
Such was the drift back toward nor
NAL.
To Meet the Burden.
All the time the stupendous war
expense was piling up, the Treasury
Department and the Congress were
devising means for borrowing the
amount needed to meet the emer-
gency and for increasing the income
from taxation, that the Government
might pay as much as the expense
as was possible out Of current reve-
nues. The dominating device in the
whole program was the Liberty and
Victory loans. Through these the
Government piled up over twenty
one billion dollars and from this
fund, plus its income and incidental
short-term certificates, it paid its
way.
At this time, when the spending
season is past, it is Of interest to at
tempt to determine just what this
war venture Of ours has cost. We
have the figure Of thirty-two and
half billions as the item Of expendi-
ture up TO June 80, last. Had the
war not been IN existence our ex-
penditures through that time would
probably have been about q billion
The Washington times., 1919-09-29
What's Doing; Where; When
Tomorrow.

Tomorrow.
Dance-Blue Triangle Recreation Center
Twentieth and b streets northwest 7:3O
p m
Moving piCtures-BIue Triangle Recre-
alton Center, Twentieth and B streets
northwest 3 p. m.
Band concsrt-Third Z. g. Cavalry band.
Post Hospital, Fort Myer, Va, from 4 to
p. m.
EnteTtainment-War Camp Community
Service Club, 1914 Massachusetts, avenue
northwest, s p. m.
Danc6-Under direction Of War Camp
Community Service al Trinity Parish Hail.
Third and 9 streets northwest, 8 p. m.
Dance-Under direction OF Knights OF
Columbus, gymnasium, Fort Myer, Va, 8
D. m.
State cOnvention-American Legion, au-
ditorlum, War Camp Community Service
Club No. s, SIS Tenth street northwest
Dance-ThOmson Community Center,
Twelfth and L streets northwest. from S:45
until II p. m.
Dance-Under direction OF American Red
Cross, Red Cross House. Walter Reed Hos
pital, p. m.
Dance-Under direction Of Knights Of
Columbus, X. OF G. hut, Walter Reed Hos
pital, from until IL p. N.
The Washington times., 1919-09-29
Today

Today.
Entertainment-War Camp Community
Service Club, 1914 Massachusetts, avenue
northwest, p m.
DGnce-Under the direction OF the
Jewish Welfare Board. at Camp Hum
phreys, 1880 y. m
Dance-PoWell School, Park road and
Hiatt place northwest, s D. m
Dance-Thomson Community Center,
Twelfth and L streets northwest, S:45
until IL p. m.
MeetinE-RandIs Highlands Citizens
Association, Randle Highlands Church,
p. m.
Meeting-MemberB OF Young Peoples
Christian Associations, Central Y. II. c. A.,
1875 street northwest
Meeting-COmmittee on River and Har-
Dor improvements, Board Of Trade rooms,
Star building, $3.50 p. m.
MeetinE-Committe on Industrial In
teregts, Board Of Trade, board rooms. Star
building, 8 p. m.
Concert-United States Marine Band
Marine Barracks, 4:3O p. m.
COncert-United States Soldiers Home
Band, bandBtand, Soldie2s' HOME. p. IN
Meeting-WeBt End CitiEGns Association
e22 Twentieth street northwest, p. N.
Carnival and Dancing-HyattEville Nd.
The Washington times., 1919-09-29
HEARD AND SEEN

Taking out the old Kline Car for
a spin Saturday afternoon I went
high and dry without gas way down
in Potomac Park and would have
been there yet had not CHAUNCEY
BRAINERD ambled By IN q hum
ming FrankLin.
The Washington times., 1919-09-29

Anew YOrkors View Of Washing.
ton.
Il Files the New YorksFg % read
anything good about Warrington; 50
let's rile EN- up q bit today By quot
ing the views Of FRED ZABRIsKIE,
woolen broker, Of New York.
The Washington times., 1919-09-29

In the first place they thought the
audience at the National Theater
Saturday night was q more whole
some looking crowd than they would
see on an average II New York.
The Washington times., 1919-09-29
o. 80

Comes now the news that ~
deputy clerk Of the police division 81
the District Court, no other paEson
indeed than BROOKE GOTTr has re-
ceived q letter from q man who oUng
the Capitol, but can't afford % fur-
nish il, and who for consideration of
s14OO viii give him the property u
fee simple. No reasonable man
would decline such an Oher, it
seems to me, and in case the gen
tlsman accepts, which we VIII al
hope, would not the public Be- per-
mittsd to say: "Gott knows what he
win do with it. +"
WAYNE P. MARTIN.
The Washington times., 1919-09-29

Fred and Mrs. Fred came down
here Friday night for q little visit,
They found so many things here bet
ter than New York that they didn't
want 70 90 back.
The Washington times., 1919-09-29

''The women in New York are too
much painted" said Mrs. Zabrislzie.
The Washington times., 1919-09-29

They never had seen q place
that made such . hit with them as
The Washington times., 1919-09-29

St Marks Cafe, and Wardman Park
Inn looked better 70 them than aIl
the New York hotels combined The
wide spaces, the comfortable sur
romdings of Washington. and the
general clean aspect 0f the entire
proposition made these two hfe-lon7
New EoFksrs Voluntarily hard
Washfnvton khe ualrn
The Washington times., 1919-09-29

That Liberty Savings Bank Build
ing at 18th and I streets Is going to
be q hum dinger. Go look at %
The Washington times., 1919-09-29

.Chauncsy rescued me, took ne to
the nearest gas shop, which Is op-
pOsite the Bureau of Engraving and
Printing, run By man who looked
on me with 50 much suspicion that
he made me leave . whole dollar de-
pOsit for q gallon can.
The Washington times., 1919-09-29
Whose OK Is GOred

Real Estate Yalu.d Paes Tine Egmes-stresi Rs.lus.
Allowed 70 Charge a. War Tine Prices.
The Washington times., 1919-09-29

There are high prices kers-tus
lst GRg gentlsmun Bh0 cFitigizsa
WGGhiBgt0H try 20 lig5 one d1v n
any hotel tgitktn a hundred ruFds 81
BT0Gdag1V on tVhGt Re could iu0 here
for oH0 lCssb-GHd TIE poor etua
iCiU Be sending 0at an S D s before
gig q. nl.
The Washington times., 1919-09-29
Will a Cow Ever Be Able to
Really JumpOver the Moon?
Three Scientific Reports Which, If True Will Completely
Change Our Ideas Of the Universe.

Hi-diddIe-diddIe, the cat and the fiddle,
The COW jumped OpeT the moon;
The little dog laughed to see such sport,
And the dish ran nDQy with the spoon.
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-10-15
Peoples Moral Tone, Raised In War
Has Reacted Asserts VIM. H. Taft;
Onward, Upward Progress To Return

BALTIMORE. Nd. Oct 15.-The
II moral tone. the saerifical spirit Of
all the people which was distinctly
elevated during the war. has suffered
a reaction. declared former president
william Howard Taft in his address
as president Of the Unitarian general
conference here today. and We are
back again IN the CID region Of the
'doldrums, where progress TO better
things seems as slow as It was before
the war"
I'VE should not be discouraged.
however" Mr.. Taft said. It is the
fraflty Of human nature. L Is 20 be
found in its inability 70 maintain for
long periods its adhei srce to the high
est ideals. Real progress in the world
IS through a course OF action and re-
action. This reaction viii be sue
ceeded again by an onward and up
ward movement and we shall find the
world better because OF Its sacrifices
and the lessons they taught We shall
not make the same progress that We
hoped for. but We shall step up and
on II Is the duty Of all those whose
disappointment IN the present stage
OF Affairs Is great. 10 buckle on their
armor and 10 push toward better
things, 70 take their places IN the
ranks OF those who would stir the
religious spirit OF the community and
who would preach as part Of their
lives the fatherhood OF God and the
brotherhood OF man. and the willing
ness to sacrifice in order 70 promote
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-10-15
Expert Sees Big
Future In Mine
MIGRANT County
P tactical Mining Engineer
Thoroughly Inspects the
Link Properties.

J. r. S. Nichols, a mining man OF
St. Louis, and Charles 7. Link. OF
Florida. were In FL Paso Tuesday on
their way from the Grant County
Copper eompany's properties in the
Santa Rita district. New Mexico. Ac-
cording TO these men, Grant county
is a very promising. in fact, accord
ing to Mr.. Nichols who has had IS
years experience in examining min
ing properties. Grant county is the
most promising section in this dis
trict.
The Grant County Copper company.
Of which 3. T. Link IS president, has
a 100 ton mill almost completed, has a
vast amount Of ore blocked out and
is rapidly pushing development, Mr.
Nichols said The men report that
the company has a water works sys-
TEN completed end that tunnels and
shafting are in good shape, and that
the company e. well financed
Mr. Nichols expects 70 visit the
Grant County Copper company's hold
ings again in about six weeks.
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-10-15
PIPES FAILING
IN WATER WELLS
City Contemplates Putting
In Iron Pipes In Wells
On Mesa.

Art NJ. Woods. superintendent Of
the city water works. and P. <.
French. engineer, were before the
city council wednesday and presented
the serious condition Of II wells on
one Of the city's system on the mesa
which were equipped with the wooden
pipe for the air lift at a cost already
Of $4,000. and which has. 1t is
claimed. proved a failure inside OF a
year. Complaint was made that the
installation was also imperfect in slot
ting the pipe so as to allow It to be
sanded up.
0ir. Woods read a letter from ar
French and consulting engineer F. Il.
Todd, which said: From our expert
ence gained from the equipment Of
the-11 wells at the Mesa with wood
eduction and the complete failure Of
nine Of these wells and the partial
failure Of one in less than a year.
causing at this time a lois OF 80 per-
cent OF the mesa production, We would
therefore recommend the installation
Of iron pipe instead Of the wood
rne question was brought up as TO
whether IL was best 10 pay ABOUT
$1,000 more which would have 10 be
paid on the wooden pipe installation
and put in an iron pipe as recon-
mended. or give the Talbot Air Lift
company a chance at Redistribution OF
its wooden pipe. That company still
persists that its pipe IS what it claims
ana is anxious 70 reequip It It was
decided by the council 10 wire that
company that II Il would send some
competent man to install new equip
ment and assure the city that il would
get what was represented the new
proposition would be considered.
In the discussion OF the matter by
the council It was admitted that the
wooden installation was a serious
menace to the city's supply If it
should be refnstalled and then should
fail in the middle OF the next summer
These wells represent about 3,500,00o
gallons daily or nearly 80 percent OF
the capacity Of the city's Mesa water
system. The matter viii come Up
later for cnusid Grafton.
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-10-15
GOVERNMENT TRUCKS TO
BE SOLD TOMORROW

The government viii offer at pub
lie auction tomorrow 163 trucks ant
touring cars. at the motor transport
general depot, Camp Boyd, Ft. Bliss
Texas
The following makes Of cars and
trucks viii be up Tor bidding; Buick
Chalmers, Ford, Interstate, Stude-
baker, White, and WHY'S knighi
touring cars. Ford REQ Republic
White Jeff-Quad Kelly Springfield,
Nash-Quad. Packard. Peerless. Pierce
Arrow, Velle and wichita trucks.
In this lot are trucks that were
new in January Of the year. some
having only been run a few hundred
miles. When the standardization Of
government transporsatso was made,
these makes we're no. included and
ordered condemned and sold.
The sale VIII start at 10 o'clock n
the truck park two blocks north Of
the Country club. Terms Of the sale
are cash All property must be re-
moved from the park within 4s hours
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-10-15
ArD1yAUiatO1.S
EntertainedBy
FIierS
Three American Officers
Guests of Honor at
Tuarez Luncheon.

Three American army aviators from
the Fort Bliss flying field were the
{ guests Wednesday Of the Mexican
aviation section attached 10 the sDe-
cial train Of Gen. Manuel " Dieguez
at luncheon and at the flying field
in Juarez. where the Mexieans gave
an exhibition flight for their guests
The American flyers crossed in
automobiles and were met on the
Mexican side Of the international
bridge by the Mexican officers. The
invitation was extended the Ameri-
cans following the entertainment at
Fort Bliss OF the Mexican aviatorf
who recently brought the airplane
wrecked by Lieuts. Harold G. Peter
son and Paul Il. Davis in Mexico to
the border and delivered It to the
aviation officers at Fort Bliss Next
can consul general Andres G. Garcia
was notified wednesday morning OF
the desire Of the Mexican flyers to
entertain the Americans and imme-
diately transmitted the invitation TO
headquarters here.
Gen. DfeEueE TO Return
Gen. Dieguez. who with part OF
his train went 70 Casas Grandes last
sunday morning, VIII arrive In
Juarez sometime this afternoon. &C
cording 20 a telegram he sent 20
consul Garcia He Will remain to-
day and possibly tomorrow in Juarez,
after which he viii return to hts
headquarters in chihuahua City to
resume his campaign against Fran
cisco Villa and his band who are
aIHH aa- a.
expected that in the remainder or the
campaign Gen. Dieguez viii use his
aviators TO bomb the bandits out Of
their mountain hiding places TO
points where the federal troops can
meet them in battle.
Before his return TO chihuahua
Ger. Dieguez viii be the guest Of a
luncheon in Fl Paso. 1t is also
planned to hold an informal recep-
ton for him in Juarezs but detaiied
plans for this entertainment have
not been announced
Cavalry TO Patrol Border.
Shortly after Lis return 10 Chihua-
hua City Cen Dieguez viii order a
fun regiment Of his best cavalry TO
Juarez TO patrol the border from
there to Bosque Bonito- This body
Of troops viii have orders 70 pre-
vent any cattle rustlins Ecross the
border and 70 give battle at once
TO any bandits they may locate
They also have orders not to send
prisoners whom they know to be ban
dts 70 chihuahua City for court
martial. but to execute them as soon
as their identity is established
The latter order IS a new policy re-
Gently adopted By the general Here
tofore the troops have been required
10 take their prisoners TO chihuahua
City where lengthy trials delayed jus
tice and where some escaped In or
der 10 show them he means business.
the general has ordered the speedy
executions This has led TO the belief
that Juarez may see the execution OF
several bandits as two are at present
being held by federal troops at Dim
aga others are said to be operating
70 the south and east OF Juarez, now
ever. in an extremely mild way, con-
filming their depredauons largely to
small thefts.
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-10-15
COL GEVALL0S
UNDER ARREST
Former Cavalry Officer at
0jinaga, Mex, Faces EN-
beZzlement Charge.

Los Angeles. Cal. oct 15.-At the
request Of the state department. Off
cials here Tuesday took into custody
Col. Augustine G. Cevalos. formerly
command Of Mexican cavalry
forces at Ojinaga. Chin on a charge
OF embezzling $4,000 from the Next
can government
The state department requested
CevaIlos's arrest on the extradition
demand OF the Mexican ambassador
at Washington. When arraigned be-
fore the United States commissioner
here. Cevallcs denied ever having
stolen any money from the Mexican
government and said his arrest was
the result Of politics" He added
that the real reason he was wanted
in Mexico was because he deserted.
but declared. that inasmuch as deser-
ton is not an offence for which ne
can be extradited, he had been ac-
cused Of theft
Cevallos told the officers who ar
rested him that he had been detained
at Maria, Texas, several months ago
on the same charge, but subsequently,
was released.
El Paso herald. (El Paso, Tex.) 1901-1931, 1919-10-15
Ell PASO DISTRICT MEDICAL
FORCE WILL BE REDUCED

TIE force Of the medical department
of the Il Paso military district viii
be reduced TO IS officers after Octo-
Der 81. according to orders received
by Col Frank W. weed district sur
Feon. seven medical corps officers
have been recommended for discharge.
They are Mai IS. r. Jameson, Capt.
David C. Wylie. Capt n. ~ Croker,
Capt ". II Long. Lieut. A. G. Hunt,
Lieut. J. E. Hammond and Lieut.. B.
A sWinney.
The following officers viii consd-
tute the medical department after
october 81: Majors =. o. Madara- W
r. Allen, W O. Blanchard, J. r. Gala
way. F. B. Divire, II. s. Keller. w. o.
1Femore. E H Bu=zher and J. ". s.
Cross Captains Serge Androp, F. D.
Cooke. S. .. David, ]. A Dix, r. c..
Eve, j. * Horton. II. p Samrick,
l. T. Parne1l. L F. Putnam. II. NJ
shannon. T. O. Woolley, j. Woolsley,
Wade Doster and W. ~ Tucker Lett
tenants j. 81 Conerley, II. u. Ken
bricks. J. F. stein and W. T. Gould.