Show PENNIES AND MILLIONS at the recent meeting ot of the officials of the executive agencies of the united states director of the budget lord gave a detailed statement of how the tremendous economics of the last 12 months have been effected special praise was bestowed upon those through whose operation cooperation co it was waa possible to end the year with a surplus rather than a deficit As director lord well said it was a drama in which pennies and millions played their important parts the opening paragraphs of director lords statement summarizing the tremendous demands upon our federal income were as follows this is occasion tor for jubilation and congratulation over a record of constructive tive accomplishment we began the year with an expenditure program of the ten departments the thirty three independent establishments and the legislative isla tive and judicial branches of the government stated that to the best of their knowledge and belief a and n d presumably as a result of careful study they would take out of the united states treasury in the twelve months between july 1 1922 2 and june 30 1923 that amount of money and with the cash so withdrawn pay interest on the public debt and provide through the sinking fund tor for its gradual redemption demp tion settle claims hire help buy supplies and equipment of every kind and character known to commerce from tacks to locomotives and from drugs to dirigibles purchase railroad tickets and postage stamps rent buildings manage hotels prisons soldiers homes steamships canals experimental farms and national parks dredge rivers and harbors encourage irrigation and control immigration conduct relief wark cpr dev develops elope commerce regulate railroads compensate injured federal a 1 employees conserve the public health promote the welfare of the laborer issue patents foster the arts and sciences direct the affairs of state pay pensions and compensation to war veterans and provide for their insurance and vocational education save lives and salvage arid lands care tor for the indians build roads I 1 erect monuments finance corporations po rations railroads ani aap farm loan banks pay the expenses of the legislative establishment administer justice and enforce the laws preserve the national forests wage constant warfare against the warble fly the sheep tick the boll weevil and other pests ests maintain an army and navy for or the national defense operate through brough the Post postoffice office tice department the he largest communication system in the world and do the thousand and one other things that are considered necessary in the actual operation of this great organization doing business under the firm name of the united states of america balance against this formidable and startling program ot of expenditure was an estimate of receipts from all sources for the same period of only it did not require an expert accountant to ascertain that the agencies of the government proposed to spend pend s more than they anticipated ai receiving indicating a deficit d nearly equal to the total expenditure of the national government in 1908 here was a critical situation it was promptly met by the president who announced with finality that we would pay as we go and that a balance budget would continue to be the and unalterable policy of the government this statement of the chief executive translated into action meant that this years expenditures must be crowded within this years receipts and that the threatened deficit of nearly a billion dollars must be wiped out to the director of the bureau of the budget the presidents statement of policy admitted ot of no doubt no questioning and no hesitation as to its execution inspired hy by hie confidence assured of his support and wise counsel and relying upon your assistance the offensive on the de fielt was begun the story of this thia tight fight to balance the budget to fulfill the presidents Wis bes and justify the confidence xe lie placed in us HB IB I 1 drama in which pennies and millions played important parts a drama of hope alternating with discouragement of daily and hourly study of growing receipts and swelling expenditures di tures of interminable anxious calculations cu lations and a record of bone honest at ef efi fort on the part of many of the government departments and estable establishments sh to cut down expenditures i |