Financial Plan Faces Tax and Debt Tradeoffs in War Finance
The article reviews Secretary McAdoo’s war finance proposals balancing higher taxes and debt to fund escalating costs. It weighs tax burden fairness, risk to capital, and the aim to sustain production, with projections of next year’s expenditures and bond vs tax mix, plus implications for Liberty bonds and yields. It also notes crop forecasts and wheat harvest progress amid fiscal pressures.
MENTIONED IN THIS ARTICLE
Treasury Department
McAdoo
Kitchin
Congress
McAdoo i
Record of Transactions Bonds June 8 18 June 9 17
Financial ledger entry shows increases and decreases across government and other bonds with totals. Key figures include 6 160 000 546 000 20 427 500 031 000 24 396 500 and 36 237 500 total gil 11 521 000 24 716 300 Decrease noted.
MENTIONED IN THIS ARTICLE
Newwae
War Finance and Tax Proposals From Guaranty Trust
Guaranty Trust of New York argues U S war financing requires increased revenue and careful restraint on note expansion. It notes Fed note circulation, gold reserves, and future responsibilities of banks while proposing tax changes including income, excess profits, and a possible consumption tax to sustain industrial needs during the war.
MENTIONED IN THIS ARTICLE
Mechanics and Metals National Bank of
City of New York
United States
Federal Reserve Banks
Federal Reserve Bank
Federal Reserve
Federal Reserve Board
America
Guaranty Trust Company of
New York
Trust Company
Elmira
N. Y
Mass
Conn
Remick, Hodges & Co
I York
R. L. Day & Co
Boston
New York Stock Exchange Week Ended June 8 1918
The weekly market summary shows last week gains and year to date totals for trading activity at the New York Stock Exchange. Totals include weekly volume and year to date figures across key indices and listings.
MENTIONED IN THIS ARTICLE
Spencer Trask & Co
Broad Street
New York
Boston
Chicago
New York Stock Exchange
Broadway
Telephone Sector
Also Mentioned on This Page
New Jersey
Plainfield
N. J
M. Grant & CO
Nassau &T
Baltimore & Ohio Railroad
Bue
Philadelphia
Circular AG
National Cityompany
A. A. Housman & Co
New York Cotton Exchange
Chicago Board of Trade
West
Morgan & Kane
New York State
Barr & Schmeltzer
Liggett & Drexel
Conservative Investments
Buffalo
IF. M. Dyer & Co
Booed Street
New York City
Telephone
Rector New H
W. C. Langley & Co. Investments
Guaranty Trust
Adams Express
Advance Rumely
Alaska Gold Mines
Alaska Juneau
Allis-Chalmers
Chalmers
Allis m Agricul
Chem
Pouindry
Sumatra
Atchison, Top & S. A
Top
Atlanta
Birm
Atlantic Coast Line
Nau
Gulf & W
Gulf & W. Baldwin Loco
Baltimore & Ohio
Barrett Co
Batopilas
Bethlehem Steel
Bethlehem
Booth Fisheries
Brooklyn Rapid Transit
Bruns. Ter. & Ry
Urns Brothers
Utte Copper & Zinc
We Butte & Superior
Seerence
Chandler Motor
Chesa E & Ohio
Great Western
Chi
Great Western Pf
Mil & St. Paul
Mil. & St. Paul Pf
Northwestern
I. & Pacifica
Pac
P.c.pf
Crucible Steel
Cuba
P Deere & CO
Hud
Del
Lack
Western
Rio Grande
Detroit United Stant
Great Northern
Great Northern Certs
Greene-Cananea Copper
Tees Gulf States
Haskell & Barker
Illinois Central Inspiration Copper
Eeee
Interboro Consolidated Interboro Consol
Inter Agriculture
Inter Agricultur
Inter Harvester
Inter Mer
Arine
Marine
Inter
Nickel Inter Nickel
Ch Chi Chi
Mit
Weeee Liggett & M Biscuit
Lorillard (P.) Co
Louisville & Nashville Wackay Cos
Manhattan
Maxwell Motors
Maxwell Motors 2d
Mexican Petroleum
Miami
Copper Midvale
Minn
Texas
Pacific Eee
Pacific
Conduit & Cable National Acme
Enam & Stamp
Nevada
New Orleans
N Y
Air Brake
NY Dock
N. Z
North West Northern Pacific
Ohio Cities Gas Ontario Minin Ovens Bottle Machine
PAN AM
PET. & T
Pennsylvania
Railroa People's Gas
Pere Marquette
Marquette
Colonves Pierce-Arrow Pierce-Arrow Pf
Pullman Co
Eetesettes RV
Ray Consol
Republic Tron & Steel
Republic Iron & Steel P Royal Dutch Tr
ST. L
San Fran
Savage Arms Ee
Eteree
Saxon Motor
Seaboard Air Line
Shattuck
Arizona
Sears, Roebuck & Eeeswes
Sinclair Oil Refining Sloss-Sheff
Southern Pacific
Porto Rico
Southern Y
Transute & Williams
Twin City
P. Tr
Underwood
Union Bag & P. x
Tinton Pacific
Inion Pacific
United Alloy Panchases
Cigara
United Fruit United Rys
United Rys
Invest. Pt
Ftern Union
Inghouse E
Wheeling & Lake Me
Wheelin & L
E. Pf
Utah
Dun
Spitzer, Rorick & Co
Equitable Bldg
Toledo
Salem
Massachusetts
A. B. Leach & Co., Inc
Cedar St
Cleveland
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Minneapolis
Connecticut
City of
Trenton
George S Clay
B.J. van Ingen& Co
Brway
Hartord
Montreal
Wilmington
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Jessaneg
Tton Exchange
Mechanics’ Trust Company OF
New York Clearing House
West 8Th Street
Bayonne
BK. BR
New Jersey Securities
Outwater & Wells
Exec Place
Mentee
Jersey City
B. H. & F. W. Pelzer
N. Y. Stock Exchange
Se Finance
Electric Bond & Share Co
Prudden & Company
Ohio
Tel. Cortlandt
Clark, Dodge & Co
lIndustrial
Wall Street, New York
THE
London City & Midland Bank Limited
Threadneedle ST
London
E. C
Old Broad Street
Bank of England
United Kingdom
Belfast Tatty Company, Limited
Ireland
SIR
Edward H. Holden, Bart
American Tobacco Co
R. J. Reynolds Tobacco Co
Tere Rector
Dominick
Westchester County
Binton
Lee N. Y
Cincinnati
Wandling
Jefferson County
Marin County
Cal
Mitchell County
Tex
Abilene
Arkansas
Jefferson Parish
D. D
New York St
Illiam R.compton
Ompan
St. Louis
Wall Street
Pittsburgh
American Foreign Banking Corporation
New York Capital
Federal Reserve Act
Albert H. Wiggin
Archiba Kalina
Hayden B. Harris
T. Fred Aspden
Charles,a. Mackenzie
Ndine
Panama City
Republic of Panama
Cristobal
Canal Zone
Port Au Prince, Haiti
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