Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-06-07
AD0P PT|ON Of ACT
BY j. s. URGED BY
GOVERNOR DAVIS
Appoints Committee to
Represent State at Chi
cago Budget Convention.
COLONEL LEROY HODGES
Is NAMED AS CHAIRMAN
Charles Hall Davis, Financial
Expert, Already on Site of
Meeting.
DECLARES MEASURE NEEDED
Points Out Fact United States Alone
Lacks Financial
Watchdog.
DECLARES MEASURE NEEDEI
Points Out Fact United Stutcs Alone
Lacks Financial
Watchdog.


nent OF Congress on Saturday. with
out action In tho Senate on the bill
establishing national hudge, sys-
tcm. thereby injecting the hudgc, as
live issue into the presidential cam
paign. Governor WcstmorcIand Davis,
Virginia committeeman on the ma
ti"nai budget committee. announced
tho appointment ana organization OF
virginia division or the commit :
tee with Colonel Leroy Hodges. Of
Petersburg. aid TO the Governor. as
active State chairman
Charles II. Davis II Member.
Following close upon the AN.
nounccment of the organization OF n
national budget committee in Vlr-
Sinia, came the announcement that
Charles Hall Davis, OF Petersburg.
one OF the States leading authorities
on public and corporation finance, and
counsel to tho former United States
Commission on Rural Credits. would
represent Virginia at the national
budget convention that opens In
Chicago today. Mr. Davis, IL was
learned. loft Richmond for Chicago
Saturday evening after long con
ference with Colonel Hodges CON
corning tho detailed workings of the
Virginia budget system. inaueura,ed
under tho direction of Governor
Davis in 1918. and which proved cf-
hc!cnt. practical and thoroughly
satisfactory In It's first try-out at the
1920 session OF the General Assembly
All states 10 De Represented.
The national budget convention.
which meets in Chicago today and
tomorrow. was called by the national
budget committee, and will be at
tended by representatives Of every
state In the Union. as well as by.
prominent Democratic leaders and by
all the principal Republican candi-
dates for The presidency. The con-
rention Will map out Il plan for maxi
ing the early enactment by Con-
grcss OF satisfactory budget bin a
nation wide issue in the approaching
elections.
u. $. Alone Is Without nudgct.
The United States is the only i'm
portant county in the world that has
not placed its finances on modern
budget basis. even in spite of the
fact that nearly every State IN the
Union also has already adopted some
form OF budget procedure. Follow
ing the Napoleonic and Crimean
Wars. Great Britain turned to the
budget idea to save its national
credit, and in Great Britain today the
budget is most highly developed
France. Italy. Japan, Belgium and
Portugal have national budget sys-
TENS, as we'll as Argentina. Austria,
Bolivia, Brazil. Bulgaria, .Chilc,
China Colombia, Cuba. Denmark,
Ecuador. Germany. Greece. Guatc-
mala. Honduras, Hungary, Liberia
Mexico. Montenegro. Netherlands
Nicaragua. Norway. Peru. Spain.
Sweden, Switzerland. Venezuela, and
number OF the other smaller ma
tions. In the United States govern
ment, however. attempt is being
made TO handle the national funds in
fourteen separate committees in the
House of Representatives and fifteen
committees in the Senatc-each COM
mittee working independently of
every other committeeI and all of
them acting Independently OF the
executive branch OF the government.
Davis Dccries Lack OF BudEct.
Governor Davis. in commenting on
this situation at Washington. has
said that "lt is rather difficult to
understand why Il national budget
system was not established by tho
Congress AS ono very effective
method OF helping win the war
Tho government has gone through
tn war making staggering expendi-
lures OF billions of dollars, under the
irresponsible and wasteful 'esti-
mates system" the Governor con-
tinued. asserting that. This waste
fully extravagant pork -barrelism
has nurtured into full DEVELOPMENT
a multi-billion tax octopus that now,
full grown. is twlning IT'S deadly
feelers around tho he:rt of the ma
tion, and Is sucking away its Sco-
nomic vitality.
Budget on Cntaclysm.
1--WE must either adopt n more
business-like method OF raising and
.eppropriating our national funds. ms
we have done here in Virginia With
regard to our state funds, as we
must face tho inevitable economic
cataclysm. Tho adoption OF T. ma
tional budget System along broad and
Intelligent lines is, therefore," Gov
A (Continued on Third Pare0---