The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1919-06-13
ANOTHER BONO SALE
. us NOW PROMISED

Washington, June 10 Especial CORE.
spondence. )-Will there be another
Liberty Loan? This question is being
asked On all sides at the national cap
ital. The secretary of the treasury has
made the statement that the fifth
loan, the Victory Loan, would be, the
last loan floated. Although this
statement has been made and has been
backed Up by many officials the mata
ter has already come up in congress i
If, the Victory Loan was the last loan
to be floated then what assurances
are there that the charges upon the
treasury are to be greatly rcduc2 do If
they are not greatly reduced how are
the funds to be found to pay the
charges without another loan? Thcss'
are some of the questions being asked
by those who are inclined to be skep-
teal regarding the financial outcome
of the country.
Representative Simeon d. Fess of
Ohio has made the following obser-
vations upon, the subject, calling at.
tention to the fact that BY Nav | the
fifth loan had already been drawn,
upon or anticipated, leaving but 81,
226,000,O00., e" THAT fund.-" remarked
the representative from Ohio, .scan
not be increased in any way on sideE
of another loan, except through the
customs duties and the income and
excess profits tax. We have tie es-
Inmates offered that this income can
not go beyond the $4,00O,OOOOOO
mark" Then he followed with the
following figures, showing the month
ly expenditures beginning with last
December: December, 100000;
January, 1919, $780,, 100000 in round
numbers; February, $l,l8o,OOO, 900;
March, sl,200,OoOO0o; April, sI,425,-
100000 and UP to the 10th of May,
$730,OO0,0 900. 1t is also noted that the
monthly charge on the treasury is
about 81 ,400OOO,00O By comparing
this figure with the figure of $780,
OOO,OOO, the amount available May l,
it will be seen that two months under
the current expenses will absorb the
total amount of that which remains of
the fifth loan. There will be eight
months to run" says Mr.. Tess. "If
the charge upon the treasury is a bill
lion month there will be in sight
demand of at least $500 100000 for
which / do not see any source of in
come. How are we going to get this
money? To this statement by Mr..
Fess was added the information by
Representative Longworth that the
above figures do not count in a de-
ficit of six-odd billion dollars in 1920.
THAT is the difference" said Mr..
Longworth, between the total rev.
enue from taxes, which will be $4,000
100000, and the actual expenses of
IL L. L 4 tt
hood of $10,0O00O0,0O0."
1t has been suggested by some Off
Gals that this money might be OBJ
tanned from two sources of revenue
One would be the return of interest
on foreign loans and the other from
salvage. II want to call attention"
says Representative Moore of Penn
sylvania, ito the fact that the salvage
will not be so great an item, since we
are selling more goods very cheap
both at home and abroad" From
many quarters has come the sugges-
ton that the United States cancel her
foreign loans. If this were done it
would add tremendously to the heavy
burden already being carried.
1t has been noted before that the
United States has loaned approx
mately $l0,OOO,OOO0OO to the allies
and the ways and means committee is
opposed to any further loans of this
character. The rate at which the
United States is loaning money to the
allies is on an average of about $780,
100000 month. 1t has been an
nounced that the government intends
to wage heavier drive for the sale
of War Savings Stamps as an aid to
making Up this deficit and much
results are realized s..-2::-: -: re-. sale of
needed money. If the most hopeful
these stamps it would be only drop
in the bucket compared with the
amount needed. The situation is
realized as one of serious importance
and reduction of past extravagant
appropriations is recognized as one
way to combat the difficulty. At
presents another loan seems impera-