TY - JOUR
AU - Adams, Henry C.
AB - Volume /.] September, 1886. \Number 3. POLITICA L SCIENCE QUARTERLY . H E prosecution of a war of such magnitude as to call for large expenditure of money, imposes upon the minister of finance the duty of adopting a policy for the management of the public treasury. Under modern industrial conditions, however, his choice is quite restricted, for there are but three proposals which it is worth his while to consider. These proposals are as follows : First. The entire war expenditure may be drawn from newly levied taxes. In the administration of this policy, the only loans required are loans in anticipation of tax receipts, in order to cover the demands upon the treasury during the period in which the new revenue system is becoming operative. Second. The entire expenditure of the war may be met from the proceeds of loans. In this case there is a call for new taxes equal to the interest upon the loans contracted. Some- times even interest payments are met by selling new bonds, but this is so manifestly at variance with sound rules of finance that it need not be considered. Third. The extraordinary expenditure entailed by the war may come 
TI - American War-Financiering
JO - Political Science Quarterly
DO - 10.2307/2139358
DA - 1886-09-15
UR - https://www.deepdyve.com/lp/oxford-university-press/american-war-financiering-b6PVhq1u2H
SP - 349
EP - 385
VL - 1
IS - 3
DP - DeepDyve
ER -