Salt Lake Herald-Republican | 1916-12-30 | Page 3 | Wilson Agrees to Bond Issue

I I VILSON AGREES TO BOND ISSUE IF Would Meet Emergency Ex EX- Expenditures 1 by Draft Drat on I I National Credit I Washington President President D Dec c. c nt Wilson Wll- Wll son has tentatively agreed with ad nd- nd ministration leaders lenders In Congress on a abond abond bond bond Issue to mc meet t part of or the tho treasury deficit which confronts th the government govern govern- government ment for the tho fiscal year ear ending Juno June June 30 30 1918 1913 estimated at about With ith Secretary McAdoo doo the President is worl working on other plans for tor raising additional revenue i iThe I The President has pointed out that ho believes belle a bond Issue should be be used only to meet temporary and antI emergency expenditures Many Ian of these have be been n caused by the Mexican situ situ- i atlon I IThe The treasury tre already has authority b by previous acts of Congress to Issue Panama bonds and about 2 of or these are available They The would I bear 3 per cent Plans Plan for raising the other revenue ro arc are understood to concern the income tax an inheritance tax and special taxes on international revenue re and Im Im- ports i I IThe The deficit figures differ according to congressional and administrative viewpoints i Secretary McAdoo doo estimated In his his' his I annual report the actual deficit In the worl working balance lance of oC tho treasury June Junc 30 30 1913 at which accounts for appropriations unexpended con I combined com coln- with the over left r balance ThI The Th congressional appropriations committees committees commit commit- tees basing their e estimates upon commit I the toe actual appropriations without regard i ito Ito to whether the executive departments departments' spend all or part of oC the appropriations II fl figure ure 13 1 as the deficit