The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1917-12-06
M'AD0O CALLS AMERICAN PEOPLE
TO PRACTICE GREATER ECONOMY

Washington, Dec. s.-Congress Is In
formed by Secretary McAdoo In his
annual report that t5.i2s.203.7s2 mus
he provided In addition TO funds from
taxes and bond issues already author
lied IN order 10 make estimated re
ceipts for the fiscal year ending June
20. 1918 equal disbursements. IL this
deficit II met by a new issue OF bonds
the total amount OF securities 10 be
issued IN the next seven months Is e8'
timated at Ss.9G9. .+33.ss0.
For the next fiscal year. ending June
30 1918, the estimated excess OF dis
bursements over receipts II f02797S,'
$50.
Huge war expenses and loans TO Am
erica's allies at the rate OF a half bill
ion dollars a month have made these
estimate many times larger than any
ever presented In "A secretary or the
treasury's annual report. or the VIZ
5000 900 estimated ordinary expendi-
lures for the year ending next June
30, 81 1.527 00O.0 900 is for war purposes
and the proportion Is about the same
for the fiscal year ending In 1918.
Must Practice More Economy.
SO far the nation has borne the fin
nncial burdens OF the war well. says
Secretary McAdoo. owing to healthy
business conditions. and the valuable
aid OF the established Federal Reserve
system In the future. however, in
creasingly greater habits OF economy
must be developed by individuals and
business Institutions. the secretary de-
clnres and business as usuaF' cannot
be adopted as the guiding principle OF
the war. People must save and in
vest in government securities TO avoid
postponing victory.
With this admonitiOn. Mr.. McAdoo
proceeds 10 cite the enormous figures
OF government receipts and expendi'
lures which are the fruit of war times.
The outstanding fact apparent from
these stupendous figures Is that the
cost OF the war TO the American people
including allied loans. for the two years
ending June 90. 1918. will be at least
sac 900. 900 900.
Calls TO Great Task
To the great task facing the country.
Secretary McAdoo calls the people with
these words:
what Is OF superlative importance In
the readJustment that must take place
Is that our people shall be impressed
with the necessity OF economiZing In
the consumption of articles OF clothing,
food and fuel. and Of every other thing
which constitutes drain upon the
available supplies. materials. and re-
sources Of the country. Everything
wasted now is little short OF criminal
$50 far as ! have been able to OBJ
serve. the American people are not suf
fciently aroused to the necessity OF
economy and OF saving in this really
serious time, not only ia the life of
America. but OF the nations Of the
world. Up to the present there has been
a relatively small denial Of pleasures.
comforts and conveniences on the part |
OF the average citizen He is drawing |
upon the general store OF supplies In |
the country with almost the same free |
dom as before America came into the |
war. This cannot continue without Sc |
rious hurt to the nation and to the |
world. The great financial operations |
OF the government cannot he carried |
forward successfully unless the people |
OF the United States economic la every |
possible direction. save their money and |
lend II TO the government
How Dollar Gets 10 Trenches.
1T Is easy to visualize, the. course of