Perth Amboy evening news., 1922-05-13

WASHINGTON, May 10-Al-
though the United States with the
principal nations of the world. mas
agreed to cut down its naval and
military expenses very considerably
in the interests OF world peace and
international economy. We. of all OF
the tremendous amount OF money
spent by the American government,
NEARLY three-quarters is for pur-
| poses of war. This does not mean
that rs per cent of the outlay oil
government is for martial prepara-
tions, payment for past wars max
ing up the larger part of the item.
The whole expenditure by the
government for 1922 amounts to
S3,SO1.113,65S. OF this great total
no less than $2.771,S97.976 is TO
provide for the Army and Navy and
| pay debts incurred by wars OF the
past. The sum of $72S,SH.919 is
for national defense. The rest Is
the payment of interest, pensions,
and the like incurred in wars of the
past. This sum includes money for
the United States Shipping Board.
however.
For the Postofice Department
about s575,000.0 900 is provided. but
this sum is made up from postal
revenues. and therefore the Post
office Department is self-supporting.
However. the sum must be included
among government expenses re-
gardless of how that expense is met
These figures may be slightly
changed by subsequent acts of con-
gress, but as a general COMPARISON
! will hold good. Adoption of the
bonus plan by congress and its APP
| prevail by President Harding would
add an enormous item TO the costs
| of wars and make that item in the
national b1dgea an even more over
towering figure than it is now.
The normal government expense
amounts to about IL per cent OF
| the whole outlay OF money. Public
works expenditures amount to m
about 3.5 per CEN of the total.
Against considerably more than
81, 900 900. 900 to be spent on &C
count of wars-past and possible
future clashes-only a little more
than 800. 100000 will be spent by
the federal government on good
roads. The constructive Depart
ment of Agriculture will have to
/ SDcUu OH us WOIA Va -
search and public education only
about 5O.OO0.000 The Depart
ment of the Interior, another con
struction arm of the government,
will have for its work only about
$%s5.00O.000.
Some Economy Shown
Since the great expenditure of war
tihes, the government actually has
| economical tremendously. Its ex
| penditures of those days make the
annual budget OF today appear
small by comparison. But those days
will leave their impression fol
many years to come in the payment
of interest charges on bonds, and
a sinking fund for the retirement
of government obligations at their
maturity.
The interest on the public debt
most of which was caused by the
World War, amounts to nearly a
billion dollars a year. The sinking
fund requires nearly s29O,OOo'oou
annually.
For taking care of veterans Of thu
World War, it is estimated tha'
nearly $390.000.000 will be spen'
during the fiscal year 1929 rms
| fgure does not tdhc INV oSSoN
the bonus legislation for this pur.
pose will be enormously ereater-i'
is impossible at this time to predic'
accurately Just how much greater
The Treasury Department was
disappointed in the income taxes
paid at, the first quarterly date
March Is last-and at present i
appears that estimates OF tn
amount of revenue to he derived
from this source were too high. Al
lowance was made for a falling Oh
from the amount received last year
but the amount of unemployment
and the lower scales OF wages Gu
the return to the government mate
rally below the figure expected
This will mean, without any add
tional outlay of money by the Treas
ury Department, a deficit Of posi-
bly, 5000. OGO.000 or $250.000.000
This defici; will be met by the issu
ance of short term obligations o
The United States Government, an
VII re taken up liz the course o
next year.
However. expenditures for tn
government are now fixed. but no
by such lesps and bounds that tn
4necme necessary for the govern