Show 11 s Timely learning i REPRESENTATIVE MONDELL is still hammering away wy with his opposition to extravagance in government gov gov- expenditures Government financing b by short short- term not notes s he points out may bring a n tremendous in increase increase in- in crease in volume after an m apparent re reduction for a n comparative period Citing the war deficit deficit def clef irit as 08 not covered co by bonds or provided for b by current revenues rc tr fr Mondell fondell says that such a sum to bo ho earned ear car ned by term short-term notes is a n serious menace at any time and pd particularly when the countr country is trying to recover from the tho war He Ire calls attention to the ominous fact that while treaSury certificates in the spring and summer of 1917 sold readily with an interest rate of ot 0 J per cent less than of a n recent treasury offering drawing draw draw- ing n 4 4 per cent were sold and the treasury will wm bo ho o in inthe inthe the thc market in the very CrY near future with certificates at nt 4 per cent with the probability that the rate will vill have to be e adva advanced ced to U 6 per cent or twice the rat rate of three years ago ngo Retrenchment in the expenditures cl 5 seems cry very difficult difficult dif dif- hf- hf at Washington In the l nineteen months mouths after fi fighting ht lg stopped tho United States government go will have sp spent nt more money than was spent during the nineteen months of actual warfare When the war was in full blast the government had bad in the army and aud navy nary establishments establishments in independent epe dent of actual fighting forces over persons drawing salaries This was wag more than the entire American merican fighting force force- on the front nt- nt any one lime time Yet the expenditures of tho the government govern govern- meat ment now that the war is over show no signs o of ot material reduction Congressman warnings may have an unpleasant unpleasant un un- un pleasant sound as thc they fall on the cars ears of the thc CX executive U Live tive hea heads s of departments but they are timely and aud essary There is a n crumb of comfort in his bis prediction that Hint Congress will grant ant appropriations for the tho next fiscal is al year of less than estimated b by the yv OY departments which asked aed cd for r t JY 5 OO t for io all all all' ll j ieS v v r v. v t |