Show A m r t r PUT CUT GUT EXPENSE 1 t I r I. I O it 5 I l j i J S ry of Treasury r ury Says Say i Sa Saving g Is 1 Necel Necessary rt If U Iff iL f Additional Taxation B Bur Bur- r- r V d dens ns Are to Be Averted f W of Jy WASHINGTON Aug 4 A 4 A cut ignore ore re th than n In tho the ord- ord of tho government necessary If It add 1 10 fiscal yearns l onal are arol to be avoided the h hOUi uit ways and arid me means ns committee mn l tee w In Informed o Cd today by Secretary of mho I th tho Treasury Mellon On pre present ent estl ea- ea I. I tl nates ho said Bald the thc total government cost this thu year will wUl bo ho 2 of ot which must como come taxation i 4 Even with the suggested re reductions reduction Mr Mellon said ald tho Int Internal revenue ro for tor the year could not safely lately permitted to toll b below T lo the estimated yield Jold under existing law J 4 J IThe Th The treasury secretary told the tho thoi o i committee that actual expenditure I the first full month of ot this fiscal Indicated that thai unless there was waa JIan fan an extraordinary now now eff effort rt to re re- re expenditures the estimate Which tho the treasury had presented I Wight be regarded M ne conservative Ordinary expenditures tot for July he lie saId f Hie It am amounted d to about Jas M as ag against for Jul July 1920 t. t the current deficit deneSt Jut last month was wu as against In th the same ume month a 4 year agoAn ago azo An analysis ls of the principal Items Heinl s expenditures lor or July 1921 the secretary continued shows that 59 was on on account of tho the war var department on account e of f the navy and on account of ot the shipping board If It expenditures expendi expendi- to continue at anything like Uko tures pres are e these tho the estimates will wUl be th e rates Jk greatly exceeded exceeded- ea |