Salt Lake Herald-Republican | 1919-02-23 | Page 15 | U. S. Fiscal Expenses Reach Six Billions

U U. U S. S fiSCAl EXPENSES I REACH SIX BIlliONS I Ii Washington Feb 22 22 Estimates of or governmental expenditures for tor next year car gathered s by Secretary Glass from various departments Indicate financial needs m may run above tho the four tour billion dollars to be he provided b by taxes and that additional tax levies must be made or short term f securities sold to tide over the government so for COl a a. year Estimates of ot expenses for fur the fiscal year 1020 InO beginning Jul July 1 j and ending end end- ing InS June Juno 30 30 19 1920 0 Tango rane from six to ten billions but tho the treasury does not notre regard re ard any an figures as lS authentic at this time limo Government needs will depend largely It was said said on future policies In regard to tho arm army whether loans to allIes are arc to be bo made on a n. largo scale after alter peace Is formally declared the U lass 1055 ss on the wheat guarantee tho the shipbuilding program and the volume of ot belated expenditures growing out of ot settlement of or war contracts con con- tracts If l it proves necessary to raise more funds than will bo be provided pro b by taxation taxation taxa taxa- tion lion tho the secretary probably will re resort resort re- re sort ort to short time notes or certificates maturing within a year ear thus drawing on tho the prospective tax receipts for to 1921 1 These securities it was ex explained ox- ox might bo be floated ted as early carh as next fall