Show I GLASS SA SAYS YS WAR LOST COST 30 BILLION Secretary Deducts A Average Peace Expenses From Total Ou Outlay ay Washington Jul July 9 The The war var cost cost to the United States w was s I up to June 30 1919 I Secretary Glass made this estimate today In submitting to the tho the congressional congressional 1 appropriations committees the tho I preliminary statements of the treasury treas treas- UT ury on the condition of tho the nations nation's finances He arrived at the tho estimate by 4 subtracting sub sub- t the e 3 average g peco O tex tex- e eT tf t- t 1 A f JT ti k pendes pere f for I saml am at atthe a athe t the rate of or 1 annually from the t total expenditures during the war Taxes and other revenues than borrowed borrowed bor bor- rowed money tool care of ot I O of or about 29 per cent of ot the war I cost Tho The remainder came from Liberty Liberty Lib Lib- I erty bond and Victory note Issues and I savings stamps Further issues of bonds Mr Ir Glass said will not be necessary before the maturity or redemption of oC the Victory notes which have four tour years ears to run While it is Impossible to estimate the expenses es to be Incurred during tho the present fiscal year ear the secretary Is confident that treasury certificates supplemented b by term short notes will pro provi provide le ie the necessary funds to pay the debts iI I 1 n need ed scarce scarcely 1 to sa say the tho secretary secreta secre secre- tary tari added that the realization of ot the these e sanguine expectations is contingent con con- upon the practice of or the tho most rigid econom economy ty Ly tho the government and t. t tn continuance r of ot ample revenues from taxation Such a course accompanied by the of or sober economy and wise In Investment investment In- In vestment estment b by our people and strict avoidance of oC waste and speculation will Ill make It possible for the American people to respond to the demands to be made upon them privately for tor capital and cr credit b by the tho nations of ot P Europe l demands which are reinforced b by the and most vital tics of ot Smpat sympathy sym sym- pat pathy nty y for or the allies who fought and the war with us us-as us as well veil as by bythe bythe bythe the most obvious dictates of or self ln |