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Show GREAT AMOUNT GF GASH NEEDED Congress Expected to Authorize Au-thorize Means of Collecting Collect-ing Additional Billions From People. I WASHINGTON, Nov. G;0. Congress will have to authorize early in the session ses-sion convening next Monday, means of collecting from the American people between now anil July i. about five billion bil-lion dollars, in addition to the !?3,G'-Uy uOO.OtM) from Liberty bonds already authorized au-thorized but yet to be issued, the billion I dollars or less expected from war sav-j sav-j inys campaign and about three billion I dollars from war taxes. Most congressional leaders believe the ! five billion dollar balance must be pro-! pro-! vided principally by issue of bonds, and Secretary MeAdoo has told members of congress that he heartily favors this i method. If this plan is finally adopted, i the country probably will be tailed on J to absorb two more big Liberty bond ' issues between February 1 and July 1. ; aggregatinginore than $3,500,000,000. ! Another bi? finance on est ion, which 1 will receive the early attention of congress, con-gress, is the continuance of loans to the allies'; If the present rate of extending extend-ing credits to the allies is continued, the seven billion dollars' authorized credits will be exhausted by July 1 . and congress will have to dec id. e whether to continue the loans after that time. Six billion dollars will be required re-quired for the fiscal year beginning next July, if the rate of a half billion dollars a month is kept up. Difference of Opinion. "Wide difference of opinion exists in congress over t he question of whether the bull; of the five billion dullars should he raised by taxation or bond issues, but those advocating the iss;ie of securities expect "'strong support from the administration. They are prepared to argue that the internal revenue bureau bu-reau already is overburdened with the immeibe task of creating machinery for collection of the .o. 400,000. 0i0 ' w;f revenue expected before July 1, and that urent confusion would result from i imposition, of new taxes be: oi e opportunity oppor-tunity has been given for The existing levies to adiust theinrlves to the economic situation. Ta xation advocates are expected to make a i'isiht Tor establishment of new taxes e-n certain business lines, and for increase of ineeme and exee.-s profits rates, inW tin? present law the -di-m;?tO'l receipts from incomes is 1 .lV'V OuO.ntio and from excess profits. $.-J.).- tJUD.Oitl"). Treasury officials and cn::grf"icna! leaders in charge of the finan--.- pro gramme have no means of knowing at this time what su -ccss the w ar,- s:i 'i n? plan "ill meet, bet most of them figure on rei'ei ing between rH'.'iO.uno.iiOii and 4 1 ,finO no-Vim) o: the authorised two billion dollar total before July 1. |