New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-06-03
Congress Voted
Four Billions to
Run the U. S.
Sum Provided for Expendi-
lures of Fiscal Year Four
Times Greater Than Re-
qlirements Before War
Bills Still Are Pending
Interest ON the Public Debt
Alone Exceeds Expenses
in the Pre-War Years

from dHc 1ffOhne s washington Bureau
WASHINGTON, June 2.-Congress
when it adjourns Saturday viii have
provided for the expenditure of more
than four billion dollars to pay the ex-
penses of the Federal government dur
ing the fiscal year beginning July /.
That sum is four times greater than
the annual requirements in years be-
fore the war. The interest on the pub
lie debt alone will be greater than all
the expenses of the government in pre-
war years.
Exact figures on appropriations are
not available, since several bills are
pending, and there has been no official
tabulation of more than score of
measures appropriating funds. How
ever, compilation prepared by Rep
resentative C. Bascom Slemp, of Vir-
ginia, a member of the Appropria-
tons Committee, gives the total prob
able requirements for the coming year
as $4095, 100,187. Here is the way
the money was appropriated:
Thirteen annual supply bills, S1,753,-
34O,S97.
Construction of roads, s45 100000.
tiors. Sl,40O, 000, 600
Redemption of war savings certifi-
Gates, 100000 600
Payment of bonus to clerks, s30,76O,-
600
Deficiencies payable in 1921, S50,OOO,-
600
Settlements of war contracts, s115,-
600 900
Railroads, 100000.
Heavy Cuts in Amounts Made
The total is 81, 400 600 900 less than
the department estimates Congress-
made heavy cuts in the amounts asked
IN an effort to practice economy and
br ng the executive branches back more
nearly to their pre-war size
The Senate completed work to-day
on three of the biggest annual supply
bills appropriating funds at the rate
of Sl0.0000O0 a minute 1t took about
two hours to approve the army bill
carrying 1895 ,O00,0 900, the navy bill an.
propriating S433.00O, 900, and the sun
dry civil bill appropr ating SAP ,00O.-
600, total of S1,27O,O0e 600 These
amounts are included in Mr. Slemp's
total.
To meet the outlay for the new fiscal
nues estimated at SIS. 4S9, 100000. The
actual income may be greater or
smaller. in sympathy with business
conditions. Thus a surplus of S1,394.-
S99,l03 for June l, 1921, is indicated,
or an amount just about equal to the
reductions made by Congress in the
department estimates.
The government expects to get it's
revenues from these sources:
Customs. S340 900 600
Income and profits tax, So 200, 900 900.
Miscellaneous internal revenue. ST.
3oO,00O,OOO
Public lands. s1,o0O, 900.
Miscellaneous. S640, O0O
Panama Canal tolls, $4,000, 900.
Public Debt s24,OOO,OOO,ooo
The new fiscal year will begin with
all current bills paid, a billion dollars
of national securities retired. and
surplus of S25, 100000, according the
best estimates obtainable. Expendi-
lures for the year viii total S64S0 600
900, compared with receipts of S6,506,-
203, 1852, it is figured at the Treasury.
The public debt at the beginning OF
the new fiscal year will be 1924 .744677,-
796, compared with $25 5S4506160
year ago, it is estimated. The retire
ment of government obligations was
made possible because the Treasury re-