Evening Republican, Volume 21, Number 307, Rensselaer, Jasper County, 2 January 1918 — U. S. Bebt $5,615,000,000 After 9 Months Of War [ARTICLE]

U. S. Bebt $5,615,000,000 After 9 Months Of War

Washington, Jan. I.—The United States enters the new year with a national net debt of $5,615,000,000, more than five times greater than when it entered the war nine months ago, but only one-third of the debt which promises to develop by the first of next year. The debt per capita is about ssl, and the percentage of debt to estimated national wealth is 2% per cent. The Treasury financial summary statement, issued today for the first time since June 30, shows that actual disbursements during the first half of the fiscal year have fallen far belaw the Estimates, particularly for the military establishment. The actual outlay for the military establishment up to Dec. 1 was sl,311,000,000; the estimated outlay for the next fiscal year is $8,790,000,000. The navy spent $426,000,000 and the estimate for the year is $1,300,000,000. Shipping board expenditures were $118,000,000, while the year’s estimate is $901,000,000.