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Show Public Debt Is Menace to U. S. Wushlngton.-Tho government faces fac-es a not deficit of $423,000,000 for tho current fiscal year, I'resldont Harding informed tho second annual buslnoss meeting of foderal oxecutlvos. Receipts Re-ceipts for tho yenr, tho president said in addressing tho mooting, wore os-tlmated os-tlmated nt $3,074,000,000, and expenditures expen-ditures nt $3,771,000,000, leaving nn apparent excess of oxpondltures amounting to $207,000,000. reduced, howovor, by the general bnlanco of $272,000,000 in tho treasury on June SO. |