The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-09-29
COUNTRY NOT
LIVING WITHIN
ITS INCOME
STRONG APPEAL FOR
NATIONAL BUDGET
Full Text of the Address De-
livered By Republican
Nominee Here


publican nominee Tor president. said In
his Wheeling address last night.
Government Is II political and not a
business agency. but II does n good deal
OF business. nevertheless Tho business
OF our own government Is enormous In
extent and IL constantly growing greater
and more complex. IL Is carried on.
however, by methods 30 crude, so want
ing la plan aud system. that II IL were "A
private business or equal magnitu dn
with nGed resources Instead "r rubIl"
business with we'll nigh unlimited Il.
sources Wo should have COMO Into lipui
ia ton aud closed our dUUrs long ago. ~
private buainers can p"salbly suTNiN"
without keeping ito oApnndltuToS WITHIN
the limits "r Ito ln'"na. hut tho gov
eminent goes Dn. yoaT afioT Joa'. WA
nu fosI effort Ia maintain tho balance
between in,uIns and uutH" ~" buhlh"Sh
,an leo ,nTTlod ga Hu'' oarfuIly "lth"n'
. atTI,I Application IL hualntHh n'elh"hs.
and F"vornnsui buainoaH peasants ~"
,s,spII"u 10 tho TulO. Iiun"o ~ 10 lhni
THE EnvaTnInonI 80 "uTs. Ia 10 IMAM
,ial pnd husInosa up"Taii"V5. would long
aEn have pT"VU,i q '"i"nsal failut" WEI"
~ not Tnr tho p"rrr Witch ~ r''saans9S
- tako f'"r" tho p"'bola ~ ID" fe"pl"
unlimited nu.nl"a T." To"ow ~" lavlah
HIrsa,n which ft"wH f'"'" 10 'ro"S"ry
Not nnIy aro No not living within Our
Iuonua H. npltp ~ 90 nl'n"a' un"enfph'o
burden ~ taxation. hut ~ Rro '"uatRnts
and thereby passing on !" our 'hl lht'n
n constantly growing obligation /" Ia
mot by an over InrrcpHlnR oNacIt"n tr"n
tho resources Of tho people.
TO Increase tho Burden.
Tho moAt r"""nt suggestion Tor In
rrca4lnK this burden 81 debt " that tho
secretary Of the trCnEury contemplate
putting out q new loan In HorlcH or
notrH aEErcgatIug about SiOO. OOn.0OO. IL
In 70 DO offered In tho form OF TREASURY
certificates bearing interest or 6H ana
= per cent The secretary accompanies
IN, announcement Of this loan 10 the
banks with a circular lcttor In when
hc reveals some very Interesting lntor
nation respecting the financial condition
Of the treasury. This Information. 70
be exact In that In the first two months
Of tho current yoar--that iS. the months
Of July and AuKust--"ur expenditures
exceeded our receipts by tho enormous
sum OF Sl253o5 7l0.S1 The receipts
~ tho government during thore wv
months Appropriated t62s.767 1918 and
It's expenditures t75Ao72.00l.76.
Tho HecrctRry'H letter further lndi'
Gates that Notwithstanding the OPIUM
iHtic predictions or the administrator
n row weeks aRo that tho peak OF the
national debt had been passed. tho ma
,Ional debt in fact was materially In
creased during these two months: On
August 81 the debt was S2t.32t'bi.''
l:3 as against %2t.299.33l.fS' on
Juno 10.
Thus We stand nearly two years altar
tho close Of the war. with our eRpcndf
lures sim exceeding our income At Q
rate which. IL continued. will approx
mate billion dollars year. ana WIZ
our national debt increasing. instead
OF decreasing.
Saved BY Con8rsss.
Pursuing figures little turtner
we discover that, while the administra'
RON is creating n dencit at rate
which approaches billion dollars
wear. but for Republican congress
the defclt would be more nearly three
billions than one. II Is a matter OF
record that the present Democratic al
,nInIstratIon requested congress TO ap'
nropriate for It's purposes during the
current fiscal year. the enormous sun
NJ Sb6S5Sl2929. Republican con
Eress. after an investigation OF THESE