OCR Text |
Show . The President has encouraged us ' by reporting that according to present pres-ent indications the deficit of $698,-000,000 $698,-000,000 that was anticipated for the fiscal year of 1922-1923 will be no more than $92,000,000 and may be wiped out altogether. The budget law though it has not accomplished everything that was expected of it, has had an excellent effect in keeping Congressional appropriations within bounds, and it is due to Secretary Mellon to say that his administration of the Treasury has been extraordi- ' narily capable. If the government succeeds in balancing its budget when June 30 comes, it will be the first '. time that it has done it since 1916. i Youth's Companion. i A i |