Show REDUCING THE WAE AVAR DEBT A curtailment of the war debt of more than was made during the first quarter of the fiscal year through purchase 0 of liberty bonds and victory notes the treasury indicates that during the remaining nine months of the fiscal year curtailments curt ailments will be made at about the same rate so that close to a billion dollars 0 of the debt will be taken care of the debt now stands at slightly under including the loans this is about twenty four times as large as before the war an optimist writing tor for the washington post says at the present rate of reduction the debt will be completely eliminated in less than twenty years provided the funding of the foreign loans is accomplished none of the remainder of the worlds principal powers is reducing its debts as swiftly as the united states under the personal direction of president harding and budget director dawes administrative officials in all departments now are working w to reduce the estimated expenditures for the ney next t fiscal year |