Salt Lake Telegram | 1918-12-31 | Page 1 | War Cost America $18,160,000,000 in the Year Just Closing

I WAR COST AMERICA : $ 1 8, 1 60,000,000 IN THE YEAR JUST CLOSING By Aaeoeiated Press. -i WASHINGTON. Dec 31 It.-cost . the . American paools about 918.160,000.000 to run ita expsneive war govaanmant and make leana to alltaa in tha yaar anding today, acoording to computationa from troaaury reporta. Dacambar espendituree, above $2,000,000,000, tha record of tha natien'a I hiatory, aant aggragata war eoata to data to approximately $24,500,000,000. ( Of tha $18,160,000,000 paid out of tho troaaury'a eoffara in lilt, prob-; prob-; ably $10,000,000,000 want for tha army and tha ganaral military stabliah-! stabliah-! mant, about $2,000,000,000 for tho navy, $1,000,000,000 for tha ahipbuilding ' program, $1,000,000,000 for othor civil government needa and $4,160,000,000 i ABJoana to Amsnca'a brothera inirit. I That the public hae paid only eboutonoMhlrd gf the war's oxponooo, ' excluding foreign loana. in taxee in cash and two-thirds eo loana to bo j repaid in another generation, ie indicated by treasury figuroa from various J aourceai With- tha last four faya of )he year, not yet tabulated, it la. I ahown that receipts Yrom tdxaa, " cuttoma and miecellanaoua revenue i amounted te $4,687,061,000, of which $2,949,032,000 came from Income and I excess profile taxea alone. ) During the year $6,038,000,000 haa come into the troaaury from the fourth Liberty loan and $4,171,000,000 from the third Liberty loan. In ! addition. $13,802,000,000 worth of certificatee of indebtedneee have been old and subsequently largely redeemed from Liberty loan receipta. War Savinga atampa and certificatee neve brought $943,000,000 into tho troaaury. The way in which war expenses have mounted from month te month it ahown by the following table of expenditures: January, I1.090.000.000l February 1.0 12.000 000 1 March. $1,156,000.0001 April. $116,000.000; May. $1,608,000,000; June, $1,612 000,000 1 July, $1,608, I 000.000; August, $106.000.000: September, $1. 667,000.000 1 October, $1.eo4.. 000,000: November, $1,936,000,000; December (partially eetimated), $2,100,000,000. Thaee figures incTudodToena ttf attnsvwiich:-havo run at an average of about $340,000,000 month. e