OCR Text |
Show Public Debt is Menace to U. S. Washington. The government faces fac-es a net deficit of $425,000,000 for the current fiscal year, President Hardine informed the second annual business meeting of federal executives. Receipts Re-ceipts for the year, the president said in addressing the meeting, were estimated es-timated at $3,074,000,000, and expenditures expen-ditures at $3,771,000,000, leaving on apparent excess of expenditures amounting to $297,000,000, reduced, however, by the general balance of $272,000,000 in the treasury on June SO. |