Show The Treasury S HAm N FORDNEY of the tho House way ant and C means committee has haa regaled the tho HOUGO with a Line fine of the financial l methods pursued by tho the treasury treas tIt ury department At the beginning of April that department do de boasted of having reduced the tho national do doblin debt dobl t tin in March by But Mr Fordney says tho the thomy way my it was done dono was by applying the cash in Sn inthe inthe the treasury to redemption of treasury certificates Since July 1 1919 1910 tho the treasury department has reduced I tho the cash balance by but bub it reduced tho the national na national na- na debt by only Hence its l. 1 I exceeded its s revenue by It promptly had to issue Esuo more certificates in order to raise money for I current currant obligations The administration came out of tile the war with no plan for getting it its finances down to a peace basis and presented its estimates of needs for th the fiscal year 1920 1020 upon a sort of guesswork plan It asked for but Congress cut or ur 3 per cent from this total and still tho the government has lias survived survive For the fiscal year rear 1021 1921 the administration asked for but Congress will cut 1250 off this amount and still leave c an increase of per cent on the tho total disbursements for 1916 Alter After making this very sizable cut and deducting permanent obligations the total tot is still two and a half times that for 1916 I |