Ogden Standard-Examiner | 1926-07-01 | Page 1 | U. S. Government Has Surplus Coin

U V S G GOVERNMENT NT I HAS SURPLUS COIN WASHINGTON July l 1 The Associated Press The Press The Th Fed Federal ed 1 eral government closed 1 Its fiscal year ending last night with a sur sur- surplus sur- sur plu plus of or This margin although below the estimate of ot recently made by President Coolidge Is al- al almost almost al almost most four times limes as large a as was I expected by the th president In inthe inthe the tho ye year r The surplus will be Used to reduce the tile public debt The Th ot or the government go for the th fiscal year as disclosed to- to today today to today day at the th treasury was cras while receipts for tor or the year amounted to 3 Both customs custom receipts receipt and In- In income como In-como como come taxes exceeded those of last year the latter d despite the reductions reductions lions in tax rate mil made de In the th mid raid middle die dle of the year