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Show GOVERNMENT IS RUNNING BEHIND Washington. Jan 2S Leaders of the administration in conference today to-day with President Wilson decided that there was no Immediate need for legislative action to Increase the government's revenues. Secretary Mc-Adoo Mc-Adoo of the treasury announced tonight to-night it had been agreed that at the end of the fiscal year the govern ment would better know the effects of the European war and what, if anything, any-thing, is necessary to be done Mr. McAdoo declared that he still stood by h its estimate of the govern ment's revenue for the fiscal year ending next June, which, compared with his estimate of expenditures, would leave a deficit of $10,000,000. It was understood after the con ference that suggestions that the wai revenue act be extended for six months and that congress abandon the $34,000,000 river and harbor bill Struck no responsive chord On the other hand, the cabinet officers were said to bare made it plain that, in accordance with the president's suggestion, sug-gestion, they had cut their estimates of expenditures to the very limit and could not make further reductions reduc-tions without risking impairment of the efficiency of their departments. The estimates sent to congress In December aggregated 5710.000.000 to which $28 000,000 was to be added for Panama canal disbursements. Some additional estimates have been sent In since then, however, and substantial substan-tial additions to the proposed appropriations appro-priations have been made by the house committees in drafting the supply bills Secretary McAdoo's estimate es-timate of revenues, exclusive of the postoffice department, was $728 000-000. 000-000. This included $220,000,000 from customs, $305,000,000 from ordinary internal revenue, $54,000,000 from the emergency war tax and $80 000,000 from the income and corporation tax In a statement on the White House conference. which Majority Leader Underwood and Chairman Fitzgerald of the house appropriations commit tee attended, Mr. McAdoo said- The conclusion was reached that no action is necessary now. as we shall know better at the end of the fiscal year 1915 what the effects of the European war will be and what If anything. Is necessary to be done "Since the new tariff and income tax law was passed in 1913 there Is deferred until June of each fiscal yf41 the payment into the treasury of $ 5,000 000 to $80,000,000 of corporation cor-poration and personal income tax Previous to that time almost the total to-tal receipts of the government were reflected In the revenues collected daily and shown in the daily treasury treas-ury statement. In June. 1915, almost al-most the entire amount of the corporation cor-poration and personal income tax wil) be paid, just as in 1914. and what appears to bo a loss in revenue will in the meantime be overcome " In support of Mr. McAdoo's statement, state-ment, some officials pointed out that there was reason to believe that te war revenue act would be at least as big a revenue producer as had been expected. Available figures up to December last show that 600.000 war rerenue stamps had been sold by internal in-ternal revenue collectors throughout the country Dunng the entire year 1899. when the Spanish war was effective, ef-fective, the number of stamps sold was 1,650.000,000. The value of those '"old to date under the present law has not been determined. |