| Show weekly washington was hington letter special correspondence special correspondence 1 aug 2 the latest data touching the work of the federal ral board of vocational education Is furnished by harry L fidler member of the board representing the industrial section and designated acting director of the board replacing uel W lamlin La inkin who resigned the directorship june the board to date has registered ex service men as eligible for or training has accepted on for or training and is at actually training 0 of the number actually in training chose trades and industries dus tries business courses and professional courses 4 official data submitted to the senate banking committee by th 3 federal board shows that during the past year the federal reserve system has almost doubled its loans on agricultural paper the data was submitted in person by governor harding of the federal deerve board he shows that ion term loans on agricultural and live stock stack paper were on june SO 30 1920 and had increased to on june 30 of this thia year la in the chicago district there was an increase ot of almost per cent on this doss closs ot of paper 00 the efforts of the harding administration to afford prompt and sufficient relief to ahw th live stock industry met with success in the completion by private bankers of the 50 50 pool to be b used in longtime long time loans for live stock interests the pool Is in actual operation the head offices are located in chicago and are in charge of practical live stock men and bankers the method of operation Is very simple no direct loans will be made by the pool as it does not wish to use any of the funds to set up machinery for investigating the applications the loans are made through local banks and cattle loan companies panl the be pool furnishing the funds and the local bankers guaranteeing the loans loans will be made upon recommendation of local banks on stockers feeders and breeding breedin g cattle paper will be made payable in six months from date but subject to three renewals of six months each I 1 which will be giving the live stock w industry it a two year credit this method of relieving the live stock industry was aas preferred by the tb administration to legislation by congress first because it could be put into operation more quickly than any machinery set up by congress lonal act second because it relieved the governing go government vernin ent from increasing its burdens which must in the long run be charged up to and paid by the taxpayer thomas F p ryan well known notional national and international financier asserts as erts without qualification that prosperity is coming and says that it is due largely to the tact fact that president harding haa has put pit on his overalls and is leading the work of reconstruction people every everywhere here have been seared scared says mr ryan but they are getting over that people of this country are the greatest consumers of food and manufactured products in the world in normal times limea and normal times are slowly coming back evils created in seven years largely by the disastrous war cannot be corrected in a few days but a spirit of determination and cooperation on the part of all will help to bring prosperity much sooner I 1 than han most people think I 1 feel hopeful because president preside nt harding has put on his overalls and if 14 using hla his great power and influence in the rea readjustment adjust and settlement of foreign and domestic questions which so vitally affected economic conditions and prosperity pros rit y of all of our people A reduction ot of 1 la in ordinary operating expenses for the fiscal year e ending juno june last as compared by the treasury department the proceeding fiscal year was entirely under democratic cratic a administration d ministre tiou the appropriations appropriate ons tor for the fiscal year of 1922 total in round numbers 39 0 00 0 0 these thesa appropriations are in round numbers less leaa than estimates and requests sub submitted submitter mitte d by the executives executive 6 under the wilson administration out ot of the appropriations made lor for the current fiscal year which were approximately irately 1 less 1038 than the requests made d by democratic executives the R republican p alica executives have already figured where they can save in round numbers and have so EO notified noll lied president broling through the director ot of the budget 4 representative martin 13 madden ot of illinois nely selected chairman of 0 the house appropriations committee calls attention to the tact fact that since a federal budget is in operation the appropriations committee Is more important than ever in speaking ot of the fact act representative madden immediately after his selection as chairman said it is 13 essential that every man on the committee devote himself untiringly to the development of a situation which will harmonize with tho the fiscal condition of the country and bring about economies which will meet with the approval of 0 the house and the country the biggest thing before the country today Is economy tot df without dest destroying the efficiency of service the burden of taxation is so great that every one feels eels it this burden burdea must be lifted it if possible and without injury to the government now that the government through h its system of direct taxation has become a partner of 0 every individual firm and corpor corporation stion having a taxable income it is increasingly important that every safeguard shall surround federal expenditures it will not do to say that because the government has the power to do so it shall therefore take a constantly increasing share of the citizens income while the citizen must continue to work and save and deprive himself of the necessary comforts to enable the gover government 11 ment to go on unbridled in its waste and extravagance aw aw 40 As a i esula ot of a anfe 1 ence le between the war department De the budget bureau and the federal board tor for vocational education director dawes ot of the budget board has issued an order permitting the war department to transfer such equipment and supplies as are not immediately needed by the war department part ment to the federal board for vocational education to be used by that board in the rehabilitation of disabled ex service men in the opinion of harry L fidler acting director of the federal board tor for vocational cat at ional education this order will not only tremendously facilitate the work of the board but will result in a saving to the government of it was brought out in testimony before the senate committee holding hearings on the sweet bill that the aop vocational at ional education board had repeatedly requested president wilson for an order similar to tho the order just issued by director dowes but that the requests were ignored and because of that fact the board was severely handicapped 9 4 0 0 secretary weeks announces that since march 1 1921 1911 the force ot of civilians employed by the war department part parti ment nent in the district of columbia C and outside aggregating persons has been reduced by making an estimated anguil saving of of the total number of employees A M march a r ch 1 I last las t were employed in the district of columbia and 1 were employed outside ide the number employed in washington had been re deuced by july to a reduction of 2247 the number of 0 employees outside of washington was reduced to a reduction ot of a total reduction reductio rn ol of secretary weeks said eaid that further reductions actions would be made gradually as public business permitted |
