Show UNCLE SAM NOT OT ONLY lIVES WITHIN iNCOME FOR YEAR RUT BUT UT SAVES On W L MILliONS I WK President Harding Says Further Reductions Will Be Made In Coming Year and He Re- Re Requests Requests Re Requests quests Support of All Business Heads of American Government June The 18 18 The The has accomplIShed the task of living within its income in the past 12 months and has accumulated a surplus of million dollars in m addi addition tion President Harding said today in a speech at a meeting of department heads and bureau and division chiefs constituting constituting ing mg the governments government's business organization Further reductIOns reductions reductions he said aid would be se made ade m expenditures in the coming year in J I in J The Th record the president said lId 13 I lathi the mono Important since the tho I 1 year car was as Inaugurated last July alth Ith a d deficit confronting the treas treasury ury UTY of To this sll- sll elg nal nal achievement achl ement M Mr r Harding Hardins de- de de do declared Glared should be added the fact 1 that hat In addition to wiping out the and accumulating a surplus the tho campaign aln for tor efficiency n and actual e eI cx ex I h has resulted in m of the government N gO being ut tut 2 6 In the he last 0 months below the tho ordinary ry expenditures expenditures expenditures for lor the tho Sear ear ending last lait Juno Junu 30 20 to Mr Ir Harding called attention conditions when hen the first 1 meeting of the business eat u and held two cars sears ago this month that he regarded epoch In the sd- sd id mating as os an of o government gO busi busi- business busl- busl business j ness nesa What had been done since to In the wa of conom economy and effi j ern-j efficiency said was IS president v elen-v the tile but ho warned earned the assembled executives es that they I feed faced another year year car when hen tul tasks s as and problems as acute acuto iHa I lI alted solution If the government go gov s lC of conducting affairs I econ econ- c and efficiently was as to be ed call cd 1 l PHI IU T SID T UL la In a 0 lew fesS fc flays Cays ays the president predent fiscal lacal sald LId we we commence another that at I 1 feel leel confident and year car sar Its clos close we so will be bo able abe to point achievements In greater to even On our campaign for retrenchment economy conomy and efficiency than has b been n I accomplished P Pear hed this ills current I ear ear The appropriations for round the tho ft i n amount in year ar fg to 0 which thoI js I t the appropriations dt I less ss than al for the current t fiscal s c compared with the el- el ear mate nate ear car presented pres As nt J to congress the tho etI ap- ap l less than for 19 the the amount are but a 1 l od estimates for In the budget and the tho thereto supplemental estl- estl estimate the Action by congress on mounted amounted mate for tor 1324 1921 therefore of the bud bud- budget budget bud budget to practical VT get and aDd the supplemental mental This io In itself enos how carefully the esti estimates were ere Law mates male prepared and Is a source or of much gratification to the chief ehler e a It Is the fr first t time tune In Inmany requests many years ears that executive for tor Appropriations and e brans rants hu hue hose e been In practical ac- ac accord ac accord cord ord ae A revised re Isell lust Just com eom- com I I Indicates that the ordinary receipts recd ts for tor 1821 1021 will Ill amount to In figures to and aJ that the tho expenditures Including for tor pubIc debt reduction reduction I tion will total 3 13 68 This tes a deficit of o Ills deficit must not only be he wiped close the comino I t bout out but Lut we se must l year ar Un a IL substantial balance bal to to 1 3 our credit It 11 Is my earnest earnet desire that the expenditures for tor the com I com com- coming com coming ing yr y excluding the for tor debt reduction be bo kept I three billion dollars I eC Ce- you ou all 11 to effect some ome sw-I sw say say- sav In from your appropriation forthe for forthe the coming com In neat fl cil etl vear year IT T IH The coming fiscal scar year ar will af- af afford foid af-foid ford fo d us a real opportunity to demonstrate dem dem- demonstrate demonstrate our ability to carry on the policy b bv economy in the conduct of bi business ainess ard and retrenchment In ex- ex expenditures ex expenditures Conr has I for tor that year yar funds approximately In the amounts requested by the hl chief f as being ne necessary to to carryon carry on the gO nl nta s bust bust- busl Tess ress To accomplish what Is necessary tary ury sary to be don done with a limited amount of ot funds as well be e the case ase this coming fiscal al year icar car and at atthe the tho same me time effect effert sl t af- affords af affords fords an opportunity for tor really dis distinguished J- J service I I am nm sure gure that ou ull welcome an 1 that you will tnt inter r upon ear with Ib the firm re s h l eto e eto to nuke make n a new record in and nd economy In the transaction of the nf of o i cIL L c DID 11 i i i DI I 1 realize that Ihli Iwi will vIII I Isail sail call for tor further and r d demands demand upon n nour our abl I y a loser closer scrutiny st r jour our an and the tho Con tinned hell rn i oed on ma a o C I u uz S Si WITHIN ITS ifs INCOME COE Continued Continual from Page Pasc One generally of ot more efficient meth meth- methods methods Let us here resolve that we will establish II a a federal operation not only for the coming but for tor earnestI years an e earnest rnest I friendly competition between the I nations nation's multitudinous for tor the honor of o achieving ing lag the maximum result with the I minimum of ot expenditures Another task which will short shortly ly Iy confront us is the preparation of the budget budet for the fiscal yet June 30 SO 1325 1326 I contemplate contemplate contemplate plate a n substantial reduction In n the estimates of ot appropriations for tor 1925 as compared with the appropriations appropriations for 1924 1921 In fact I have expressed ed to the director of ot the tho of ot the budget my dC desire lre that the tho I 1325 5 5 estimates exclusive e of the nt amo required to meet the reduction reduction tion in 10 and the Interest on the pub pub- public pub public u b- b bIle lic Ile debt and the tho amount 1 for the department will not be In excess of ot To reach this amount mount the estimates I for 1925 must be less than the Iho appropriation for 1921 This will tax your best efforts but butI I ha hao e a confidence In your ability to find ways and moans means for lessening the amounts mounts of ot your requests for fund funda HIS 1115 PATIENCE P The president said he knew the unpopularity of ot reductions reductions reductions and enforced economies but hUl urged that sober reflection by the masses 3 of ot the people whom Ih the government serves would result In applause of ot honest and zealous end endeavor vor to reduce tho the cost of ot government gov- gov gov government which has an Intimate re- re re cc relationship with Ith the cost of 11 rising living Ing Ian I tan can understand the executive added how bow the constant calls for reductions reduction somewhat tries your pa- pa patience pa patience tience But a day will come when we must deal with increases be- be because because be because cause there must be expanding ac- ac ac a and ond attending gro growth groth th of cost In the government of ot a grow grow- ing growing nation Our problem Is to find the Irreducible minimum upon which we may constantly enlarge DEBT U OO Tho The accomplishment of ot bringing expenditures Yo within tho the amount available to pay them Is regarded as the treasury as more significant than thon merely elimination of ot a de- de de It means a treasury spokes spokes- spokesman spokesman man said that the great debt piling up during the war time and Immediately thereafter Is now In manageable shape and that hereafter here here- hereafter hereafter after Its comparatively rapid re- re reduction re reduction may be anticipated for the maturities In the next few years years ears lire are spread out In do a fashion that per per- permits per permits mits their retirement without the treasury being forced to undertake anything more than short refund refund- refundIng refunding ing fag operations at any time MAY LIFT HORDE C rA Questions of ot the government s 8 financial status naturally are close close- closely closely closely ly related to those of taxation and ond the certain surplus In fiscal Ciscal year bythe with Ith the repeated aIs assertion by the president that hit the budget will at least be balanced next year has given tax experts new lines on which to work In their study ot of Stitch ways and means menns of ot lifting 11 II the tax burden The hope Is known to all throughout the tho tiou that something cm n be done to lighten the tax burden |