The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1919-04-11
WAR DEBT JULY |
S24,0OO,OO0,000
Representative Good Warns Con-
greSS and Nation of Need
of Economy.
At BILLIONS FOR WAR.
New House Appropriations Head Re-
views Financial Difficulties to Be
Overcome Needs
$500, 900, 900 Coming Year.
At BILLIONS FOR WAR.

Washington.-Un the American
buslnesslike administration of public
affairs and the StricteSt watch ovel
the government purse string even 81,
000000,000 Congresses will be moth
ing compared with the annual apprO
priations which will be necessary
This is the forecast made by Repre-
sentative Good Qowa), who will he
chairman of the House Appropria
tions Committee when Congress is
convened.
In Mr. Goods opinion the country
will never return to the basis of pre-
war expenditures and appropriations
This, he said, is largely due TO the
necessary continuance of some wal
activities and the strong pressure Ger,
tain TO be brought TO keep In existence
many others whose usefulness is ex-
tremely doubtful Interestson the debt
of the nation alone will amount TO
more than 81 ,000.000,00o also, he de
cIared.
In comprehensive review of the
appropriations of the government dur
ing the war period Mr. Good says that
the total for the next fiscal year, as
nearly as it can be figured before the
appropriation bills which failed at the
last session are enacted by the next
Congress. will be more than S10.000,-
100000 and that the net appropria-
tlops during the war and for the fiscal
year 1920 will be just beyond S47 ,0O0.-
100000.
Mr. Good estimates the receipts of
the government from customs and in
telnal revenue for the same period at
S16657 ,S23, SOB and the sale of bonds,
notes and War Savings Stamps at
S23.SSS, 954, 455, a total of receipts of
So. 546.I TT, 1863. He says July | will
fnd the United States with war debt
of S24,00O,00
Tables given by Mr.. Good show APP.
preparations enacted by the last Con.
gress totaled S1,193, S64 914 in regular
bills; in miscellaneous acts S1J11713,
436 and in permanent and indefinite
measures $2,074. 2S6.SSo. He says this
is the status of appropriation bills
that failed of enactment:
Agriculture (passed House) s 81. 673, 90
Army (passed House, ....... 1910. 529. 0s
District of Columbia tpassed
Housed ................. 1903. 10
Navy passed House) ~ 20, 1893 00t
Sundry, civil (passed House, - ISL, Ill 81!
Third deficiency, fiscal. 1919
(passed House, ......... 96. 937. 20;
Indian tconference) ......... IL. 066 So
Railroad appropriation (passed
Housed ................ $50, 600 0O(
Total acknowledgements 476. 264 so:
Mr. Good points out that in addition
to these measures an appropriation o1
SS29,375 293 is necessary To meet /
deficiency in the general appropria
tiOns in the quartermaster department
and that 81 ,j00.000,0OO will be needed
for additional appropriations to dis
charge war contracts and make loans
already authorized to the allies. This
brings the total up 10 SO l91 ,305.
O49.
THE revenue out of which these ex
traordinary expenses must be met,
said Mr.. Good will be obtained from
our customs duties, income taxes ant
other internal revenue receipts. pOsta
receipts and miscellaneous receipts, in
GLIDING interest from foreign govern
menrs and canal tolls, which in the az
gregate should yield about 81. 100000,
GOO.
The appropriations 10 supply de
ticiencies in the various department.
are chargeahle against the fiscal yea
ended June 80, 1919, and when deduct
ed from the total of the appropria
lions above referred to it will be fount
that the total revenue will fan shor
of meeting the appropriations for thu
fiscal year ended June 20, 1920, by ap
proximately S3.5OO.OO00O0. 4 part o
this deficit will no doubt he made III
from war salvage receipts and the bal
ance must be met by the sale o
bonds"