New York Times 100 years ago today, May 29, 1913:
Large Sum Also to be Spent on Improving the Army.
MADRID, May 28.— The construction of a second naval squadron and a considerable outlay for army improvements were the features of the budget which was submitted to the Chamber of Deputies to-day by Minister of Finance Incian.
The Minister estimated the expenditures at $231,000.000 and the revenues at $240,000,000. His great object, he explained, had been to obtain a better distribution of the burden of taxation without increasing it.
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