Wednesday, February 27, 2013

Big German Army Cost.

New York Times 100 years ago today, February 27, 1913:
Bill for Increase Said to Involve Expenditure of $50,000,000.
Special Cable to The New York Times.
    BERLIN, Feb. 26.— The Post says it has learned in well-informed quarters that the forthcoming bill providing for the increase of the German Army estimates will involve the expenditure of between $50,000,000 and $55,000,000. Previous estimates had put the sum at $37,500,000, exclusive of estimates for an air fleet, which will call for another $5,000,000.
    The money will be raised by the imposition of new taxes. The Secretary of the Imperial Treasury in now consulting with the various State Governments with regard to ways and means of financing.

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