Show Navy Represents Second Largest U. U S. S Expenditure With WASHINGTON With the exception exception tion of emergency relief agencies the naY navy Is Uncle Sams Sam's greatest expense representing an Investment of approximately by bythe bythe bythe the end of the next fiscal year on June 30 1940 This Is the estimate Included In Inthe Inthe inthe the nav navys navy's annual aMual expense account a model summation of Income and outgo whose 8 68 88 pages itemize every piece of equipment from live Uve stock valued at 33 to the aircraft carrier ear car rier der Lexington listed as an item of Other listings Include expenditures for tor agricultural Implements ments cigarettes pills bay hay for live livestock livestock livestock stock and airplanes A summation of annual naval appropriations ap since the nation was founded shows show a marked Increase from the spent in 1794 During Dur ing tog the entire period since then the navy has cost American taxpayers of at which has hIS been spent pent since 1917 and under the present ad ministration |