The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-11-29
POLITICAL

NfRAA tt"iN rtrHtVH "a A"F
United states congress and par
~ ticuiariy before every such ses-
sion Immediately preceding a presi-
DENTAL election the party that Is
"out" develops = mania for onomy
IN the expenditures or the federal
government. and points a v.Sratlns
fnrer 81 alarm at the approaching
burden Of axaiion which will soon
descend 10 break the popular back.
This IL not the Kind Of political
economy We arc taught at school
II - a brand OF education peculiar TO
the opposition newspapers just before
election time. and from the early
symptoms We are threatened with an.
unusually eve spasm Of II during
the next few months.
Secretary McAdoo opened the flood
gates 81 the aiarmists when he gave
out hts recent estimates OF the gov
eminent revenues and expenditures
up 10 me end OF the fiscal year be-
e'NH4Hh aNA Isl AHt b'"HeA9 Nv
partmept statement has brought forth
. flood OF Republican criticism thet
Is notable for voiume and for lack OF.
intelligence. Open almost any issue
OF any "standpatT newspaper these
days and you will find directed
against the Wilson administration the
hard worn charge that ii has spent.
money with a iayishness never
eaualied by a previous adminlstra.
ton IN the history Of the country"
This identical statement has been.
hurled at every national administra-
lion since the civil war, and at some
administrations before the war. In
a sense Il has been true in almost All
cases. for this nation has expanded
with o rapidity ~unequalied In the his
tory OF tine world. and there has been
a proportionate expanding OF the cost
Of operating the national government.
The increase has been 80 great. from
ongrc TO congress and from one set
% HtHNiaA uFfAepiAoAioh bAhA W an
other. AZ TO render available formid-
able sets OF figures and statistics in
numerals that are likely 20 stagger
even the man who stops TO consider
that expense Of operation OF his busi-
ness Is bound to grow as the business
grows.
One particularly hysterieal attack.
upon Mr.. McAdoo's statement and the
Wilson administration concludes with
this amazing pronouncement:
THE people will have to pay, Just
the same. whether the tax be a direct
one or not. For in the last analysis
there is Eobody TO pay the govern
ment's bills but the people"
Apparently the chief fault found
with Mr.. MeAdoo's administration Of
she treasury department Is that he
hasn't been able to devise and submit
a scheme BY which the government
can be run without expense to the
people.
As a matter Of fact charges Of un-
usual extrayagance will not lie against
the Wilson administration. As a mat
ter OF fact there is nothing alarming
IN the present status OF the federal
treasury. nor r. there any prospect OF
any alarming development therein.
As a matter OF fact there Is nothing
alarming ia the present status Of busi-
ness In the nation. on the other hand
business Is IN "A nrmer and more re-
assuring position today IN this nation
than it has been since 1901. And the
fenlir vital fact IN nationas france rs
wholly overlooked by the present
army Of busy political economists
None Of them even refer 10 he fed
eral reserve banking law ana ita
steadying influence upon the nation
during the trying times since the wal
began. or o. the fact that we owe
that influence 20 the present admin.
istration. We nave been told Tor th'
past two years aud we are being told
now with increasing vohemence that
"the WllEon administration nov faces
a financial crisis" u there is ans
ruoh crisis both tho Administrative
ard the country seem to be taking If
with d compliance not at an b.
Haesing with the American people
when up gains real trouble