OCR Text |
Show FIVE HUNDRED ' WILMS PI I Uncle Sam m Dire Need of Funds Received From Thousands WASHINGTON. March 15 The American people today had their annual an-nual day of reckoning They laborl-i laborl-i ouly reckoned Incomes and business profits for the year of 1320 were presented pre-sented in the form of Income and excess ex-cess profits tax l.'ncle Sam as a result will be richer tonight by approximately $500,-000,000. $500,-000,000. according to a treasury department de-partment estimate But the riches wilt' not bf for long for the receipts will be needed Immediately to retire short term government borrowings amounting amount-ing to 1500.000,000. Some experts at Ihe treasury expect today's Income and excess profit receipts re-ceipts to approximate 1600.000.000. If b Is the case", the extra funds will find ready use In application to tho public debt ; ion cr Vlegn t," .savings seeurttlei Bl ''P' nico todav SH Ufp $800,000,000 but tl A"9m 0jrft d Klon i' r ; . I -I irlnc the '"VH5?p i. ' of i:i.M ""'H . Hii the total Ineom-t .md profl" re$B.lat |