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Show BIG RECEIPTS SHOW NATION IS PROSPEROUS Encouraging reports of the financial situation of the country continue to come from the United States treasury. It is now stated that receipts from income taxes and other sources are so unexpectedly unexpect-edly large that it will be possible to meet all of Uncle Sam's current cur-rent expenses out of his receipts and retire a debt of approximately $333,700,000 which matured on June 15, without resorting to a short-time; loan. ' This is the first time since the government started its program for handling the public debt that it will not be necessary to offer short-term securities for debt funding purposes. It is estimated by Secretary Mellon that the receipts for the quarter will exceed the total of $54,000,000 received for income and profits taxes during the first quarter. These figures are certainly an index to the general business situation sit-uation of the country and ought to do a great deal toward dispelling dispell-ing the gloom of those who were asserting a few weeks ago that the period for real prosperity was about over. |