The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-04-07
GOVERN
INCOME Still :
INSUFFICIENT
Resources in Sight For Fiscal
Year 1920 About Four Bill
lions Less Than Needed
BONDS BE SOLD
TO FILL DEFICIT
Prospects Contemplate the Sale
Of Another Series Of War
Bonds to Follow the
Victory Loan
Washington Bureau,
Pensacola Journal

BY GEORGE r.. MANNING.
washington. b. C.. April 6.-The es-
timated total revenues Of the govern
ment from All sources for the fiscal
wear 1920. which begin. on Julv / this
wear. win fan short of the estimated
expenditures by Approximately four
billion dollars. and IL will be necessary
to sell bonds to make up the deficit.
IL waa declared tofay by Representa-
tiva Iam~. W Good chairrrar-alect
a. the house annronriation. COMMITTEES
figures.
other .erie. of war hond. to follow the
victorv rn.r ~ ha .uhecrshaa In a
faw we.L.
chairm.n Good estimate. that Amer
.ica.. total ernenditure. on account of
tha xy.r -era s17 nm nm mn ~ uh;ch
.nnrov,m.t.1y s17 mn nm mn c.r,e
from cu.to,n. recetnts trconoa taxe.
and other tare. and s26 ooo 600 600
from .ale. 81 hond. note. ana war
"a vtn~. .tamn. leav;nr an annroxi-
,,sta d.s,c,t - "a mn nno onn ,rh;c,, n.
.av. r,u.t he rai.ea hv anotbe, is.,e
- hc,,,. a,,r,r~ +ha r;.caI 1oon
Mr. C~o1 ,..,,.. warn,ng th.t ror
an inaefinite nerioa In the future even
under normal condftions taxation viii
be about four times as heavy as before
the war because our annual exnent,i-
TIVE. ~,,,i - =, tha ra;vhhornood ~
So,,r h,II,or doII.r. a. co,,nared u,fth
! -,,,,,,n~,,v,.t.,v e. IN mn ooo u,hich
1 -,as never eyca.s,ea from the t,n,e of
th.- .,,,rs,- ,.,.r. -, - 1a1e
TFe mak~. : rlea for ~overnm11snt
>co,o,,,v i, exren.l,tures a.sertinr tr,at
even with the most rfrid economy it
win never be possible 10 return to the
conditions that nr~vailed hefnre the
.ra -.rr. that oreat care Is nec.
q, .r,,,.,,,,-,. t;c,,. =, ree,, f,,,,,,
.v.~r,n~ the neor,a nth hurdensome
ts~.ticr
~. co,,r+-v fac.. .n oa,tsoroI an
rr.I hur,.n ~ the o,,t.et 81 s1 o5o
600 600 FOR interest ON the national debt
of Azl 600 600 .0OO. which grew from
81 900 oo0. 900 before the war. and other
iar~. animal exnenditures added since
1917 he declares. make a return to
pre-war taxation and expenditures i'm
possible.
Even with great reductions in the
strength OF the army and navy. the
arrnv for instance being reduced to a
total Of ESQ. 900 men. after the war, it
viii require strict economy. Mr.. Good
predicts. to bring the annual depart
mental apnronriations below s2.150.-
400 200. win approximatelv 1885,
600 900 added for permanent and In
definite anpropritions the total REQUIRE
ment.- for running the government
each wear for An indefinite period will
be about four billion dollars, he as
serts.
Mr.. Good. speaking as chairman of
,hs. hou.e observation-disclosures committee.
urre. the neonIe to fnaist upon govern
men4aI economy because congress.
while favorinx a curtailment in ex-
penditures. he saws. cannot be expect
ed to adopt 4 larger measure than
the public demands. in face of insis-
tent reunests from the various depart
vn.rt chief. for ad1ed appronriations.
...,,s. .. .,,,,,a - -. Ard se..;on ~ tbe
esth con~re.. TO naas eight of the
ereat .upplv bill. Carrying over s,47e,-
oao noo rrsres an ahsolntelv accurate
.ss..-...,t a. .ht. t;n,a re.nectinr an
.,..,.s..,..ss,,. .o,. ~. f;.cal wear ending
- y...S 81 s1en sr,no..ihle said MI
C.s ..rs s,,,.,.ro,,- ,ycu,ries az fo
+. ~.,..,.,-,,.t.t.a hv conrrea.
-. a~ss,nt. ,.c...arv 70 he
1.N. nv - IS.s..r o. tho ,,.xt
s.ppa, .... .,.,1ts,s~ the deen interest
- -. ,,.C,,,. ~ererallv reeardin1 the
=. ."s ... -. ~ con.r.ss
ton bills passed. and to be passed at
49, fvx<3& &<~0 tA a a