OCR Text |
Show s T R A N G E A S I T S E E N S By J O H N H I X iOfM cowe M'6gr it entlishMslhei'o, ?f W fROrA W000 Of Trte CftfToREP iff; ?4Q7 lipV) UNCLE SAM'S PRESENT . . . On January 1. juit on hundred ytan ago, tha United Statu wu faced with a very unusual problem. prob-lem. It had too much money on hand! No red Ink had crowed tha treasury'! book since 1833, and money had been rolling in bountifully so much money, in fact, that the nation's bigwigs were all agog. Finally congress came to tha rescue. On Janu- t t ' I' v ary 1, 137, congress made history by passing an act giving away all tha money In tha U. S. treasury except a paltry fiva millions! Soma f28,000.000 was apportioned to tha states according to their representation in congress. Tha money was officially "deposited," but everybody understood it to b a gift and not a cent wu aver repaid. The federal teasury, however, atlll carriea the sum on its books aa "unavailable funds." Copyright, 137. for Tha Telegram. |