Show IS TIED THE administration A GOOD BUSINESS BU administration UNI the books can now be balanced on oil the first two years 0 of the hard ing administration without discussing the reasons or going into details it is a conservative sta statement to say that no in tile the history of 0 the united states ever came into power under more unfavorable and distressing financial conditions what has been accomplished in the two years from the standpoint of fiscal administration the following is a summary of 0 some of the most notable accomplishments public debt february 28 1921 public debt february 28 1923 decrease in public debt 1336 the story of 0 the decrease of 0 routine public expenditures exclusive of publio public debt and interest is told in the following fiscal year ending june 30 1921 fiscal year ending june 30 1922 the public expenditures for the current fiscal year which ends june next can be estimated but according to official estimates the current year will end with a surplus and with a vastly decreased expendi expends I 1 ture from previous years in this connection it is of especial interest to emphasize the tact fact that when the republican congress came into power in 1919 the annual expends tines of the government were over tho the above figures show that there had beon been a deci case of practically in annual expenditures since the republican party secured control of congress four years ago the reductions in appropriations made by republicans since they came into control of congress are as follows fol laws fiscal year ending june 30 1920 fiscal year ending june 30 1921 fiscal year ending june 30 1922 1022 fiscal year ending june 30 1923 53 3 fiscal year ending june 30 1924 it should be kept in mind that in these appropriations provision Is made for the interest on oil public d debt abt and for the sinking fund which item alone ani amounts aunts to a year taking out this item and the appropriations to the veterans bureau which amounts to over it will be seen that the routine expenditures of the government are practically back to prewar drewar pre war basis notwithstanding the fact that practically every department of the government is performing more service than ever before in the history of the united states on oil march 4 1921 there was upon the payrolls of the government civilian employees on march larch 4 1923 there was upon the payrolls civilian employees a net reduction in the two years of federal employees when the harding administration came into power the federal reserve bank discount rate was 7 per cent it is now 4 aper cent when then tile the administration came into power the market quotations for liberty and victory bonds averaged approximately 85 today they are selling at par the 15 per cent gain in their value means a gain of in their kaiue value in the two years and enriches practically one sixth or of the population of the united states when hen the harding administration camo came into power there was no ar ran gement with foreign governments government whereby they should pay either the principal or the interest upon the eleven billion dollars which they borrowed front from the united states during the world war in the last lasi two years a commission was created by congress to bring about a busin ness ess like settlement of these foreign loans settlement with great britain has already been effected her obligations to this government are 10 representing about 35 per cent of the total foreign loans under the terms of the settlement she begins paying interest at once and paying off the principal the first annual payment will be this amount will in crease year after year negotiations are under way with other countries for the funding of their debt this accomplishment means the reduction at once in our public debt and the interest on it unless future congresses take the mony received from foreign countries and use it tor for other purposes I 1 these outstanding high lights light of 0 fiscal administration in two years of the harding administration justify it being characterized as the best business administration the united states has ever had bad the people who are looking for government pork do not manifest any great enthusiasm for the budget system 4 4 some folks who believe in marriage on oil the installment plan are convinced that marriage is a failure 4 4 it if the merchants will advertise their two pant suits freely they will no doubt find that the men are panting to get em 4 4 while the colleges and technical schools are rapidly turning out captains of industry and orators and statesmen what the country needs just now is more dishwashers and boers and diggers last reports from the were that the powder puff had taken ta k tile the place of the broom a the men could probably be induced to attend the classical cou coll j erts aerts if you gave them a hand out t coffee and doughnuts and pie er x the girls ire are seeking for evening i diessel di esses that will not fall oft off yet will look as if they were vere going to so far the horseshoe pitchers are able to play without having a club louse house with refreshments and restaurant but you bayt t tell what come to the people who are trying to borrow money without security are reported to have a very low opinion or of the banking system r the new clothes are reported to have the breath of spring hope this this kind of breath is not as expensive a as s S some ome others 9 the french are conducting free delivery service by delivering a lot of the ruhr germans to tile the jail if the potatoes to be raised in the garden this summer prove as big as they look in the seed catalog the cellar and woodshed wont be large enough to hold them v 0 A lot of dou doughnuts ahn ats that they give you in these times taste as if they were old time wool ones made tot april 1 M 4 the birds are again heard beard in the treetops but in this time of high prices the they need not sing cheap cheap w it now remains to be seen whether the lishing season can be successful under prohibition 4 the cabbage growers are organizing and they should raise an ample crop to be thrown at the political orators during the next campaign the newspapers are answering questions of people afflicted with heart problems but a good many peoples heads seem more in need of attention r soule sonio people in richfield who claim to believe in the deal have not yet squared up tip their accounts for newspaper subscriptions |