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Show MAKING PLANS F01 iSJMVEffE Decrease in Imports on Account Ac-count of War Makes Necessary Tax Levy. WASHINGTON Aug 12 How to ra se something like $100 060 000 to offset the loss to trie United States In Import du leu expected to result from the war In Europe wilt be the subject of a confer ence omorrow between Secretary Mo Adoo and Representative Lnderwood chairman of the bouse ways and means committee Treasury experts tonight completed a statement show ng Imports from the war zone They d d not hazard an estimate of probable loss In revenues though in formally It was admitted that the total mlgl t be n the neighborhood of $100 000 000 for the year Figures also have been prepared to demonstrate what might be ra sed by Increased taxes on Iquors and tobaccos and by adding to the ncome tax Representative Underwood and Senator Simmons c lafrman of the senate finance committee a e making a thorough study of the situation but will not attempt to frame a definite plan of act on until Secretory Sec-retory McAdoo has outlined actual con d t ons Then the advice of President Wilson wl 1 be Bought. The normal revenue on importations from the countries now affected Ger many Great Brlta n, Austria Hungary Russia, France and Be glum approxi mate $116 000 000 a year Germany ex ports many things that the customs ex perts say may be provided by England and other countries Japan might take advantage of the opportunity to Increase 1 s exportatlons of articles normally sup filled by Germany The chief loss will be n pottery laces and embro deries toys, dyes etc Among the schemes being Informally considered is one to change the Internal revenue tax on cigars and tobacco mak lng It an ad valorem tax Instead of a fiat tax on amounts In this way it ls estl mated that about $40 000 000 could be raised From an increased beer tax it is estimated $30 000 000 could be brought In No change In the Income tax could be effect ve until after July 1 next. j Senator Shields of Tennessee Issued a statement today urging the use of the ln come tax to provide any additional reve- j nues needed I favor an Increase In the 1 Income tax he said thus placing the burden on the wea th of the country which, although rece ving benefits has al ways borne proportionate y the smallest share of Its maintenance. The treasury statement today Bhowed that the custom receipts for the month of August up to date aggregate $7 766 538 against $10 205 95S for the same period last year and that since July 1 the total has been $30 6o 003 about $7 000 000 less than during the first six weeks of last year |