Salt Lake Tribune | 1918-12-20 | Page 9 | Must Continue Thrift Habits

V1ST CONTINUE TinjITS Confident People Will Not Relax Efforts, Glass Says. Great Expense of Demobilizing Demobi-lizing the Army to Be Met. WASHINGTON", Dec. j9. Confidence tnut the American people will in no wise relax their efforts toward meeting the government's immediate financial requirements require-ments was expressed by Secretary Glass in a statement tonight partially outlining the policy of the treasury under his administration, ad-ministration, rians for meeting government govern-ment expenditures as have been outlined V"" former Secretary McAdoo, including JT.e offering of another Liberty loan, the ! continuing of the sale of war savings certificates cer-tificates and the retaining of organizations organiza-tions for the sale of such securities, will be carried out, he said. Confidence in Loan. V"I am sure that the treasury department depart-ment can with confidence offer another Xiberty loan," said the statement, which uVis addressed to the American people, i "and continue the sale of war savings cer- I tificates, knowing that the organizations! w ill respond once more to the call for ser- ' . vice and will at once prepare the ground and bow the seed so that the harvest may le abundantly fruitful." Government expenditures, including transactions In the principal of the public debt, during the current fiscal ear up to tnd including December 16. when Mr. Glass assumed office, have exceeded f 3.1)00.000,000, the secretary said, in reviewing re-viewing the financial status of the government. gov-ernment. Expenditures for November were nearly two billions of dollars and for December, to and including the ICth, ex- : ceeded one billion dollars. Installments Needed, I The proceeds or the fourth Liberty loan ! ?o far received have all been spent. Mr. ! Glass said, and the remaining installments will be needed to meet maturing treasury certificates of indebtedness. More than half of the estimated expenditures of the : government for the current fiscal year, recently re-cently placed at eighteen billion dollars by j Mr. McAdoo, have been spent in the first five and one-half months. Bills for pro-i pro-i ductlon of war materials which had I reached the peak at the time the armi-I armi-I stice wm signed, must be paid and the i great expense of demobilizing the army I met In view of these facts, Secretary Glass i I said, another Liberty loan must be is-j is-j sued before the end of the fiscal year next I June, tfie sale of war savings stamps and ! I certificates must be pushed most ener- , i getically. and the habits of thrift formed : j during the war must be continued. I