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Show United States Warned to Trim Sails and Save WASHINGTON. Feb. 7. Sharp re-j duction in governmental expenditures! was urged in the house today by Rep. t Mundeil. Wyoming, the Republican leader. "The shadow of the deplorable financial fi-nancial conditions of Europe is thrown acios-s our country with ever-incieas-; in and ominous portent of danger,'1 Mr. Mondell declared. "Ours is the' only great commercial nation that re-1 mains on a specie basis and the con-j stuntly .decreasing values of European1 currencies, reflected in Ihe rate of exchange, ex-change, curtailing exports and render-in.; render-in.; daily more doubtful the value of enormous volumes of European securities securi-ties and credits held by our people! warn us to trim sails, to economize,! to save and it is essential that the: federal government set a good example exam-ple in this regard." I There are certain constructive rneas-' ures which Ibis congress should and: will pass, said Mr. Mondell, adding that "equally important as these . is Is the practice of most rigid economy." |