Evening journal., 1920-09-29

ton TO The rule. Hence 1t is that this
government Of ours. in rs financial
and business oper lns, would long
ago have proved colossal failure
were 10 mol for 90, iower which 70
possesses TO take from The pocket or
the people unlim tfd monies 10 renew
the lavish stream which flows from
Us treasury.
'NOl only are We not living within
our means ln spite Of an almost un-
bearable burden OF taxation. but we
are constantly adding TO our public
indebtedness and thereby passing on
90 our children a consianily-g GLOWING
obligation 10 De met by an ever-in-
creasing cXaction from The resources
~ The people.
To Increase the Burden.
"Tha most recent suggestion FOR in
creasing This burden Of debt is That
the secretary ~ The treasury coniem-
pl3fs putting Out a new loan in a
series OF notes aggregating about
siO0OOOOOO. 70 is 90 be offered in The
form OF treasury certificates bearing
interest at 81 and sX per Genet
The secretary accompanies mis- an
nouncemenl Of this loan 10 ihs banks
with a circular letter In whtch he
reveals some very interesting infor-
nation respecting the financial CON
dilion Of the treasury This infor-
NATION. 90 BE- exact. Is that IN ino
first two months OF the curren. year
that is. the months Of July and
AuguslLOur expenditures exceeded
Our rece pts by thr enormous sum
of si25305 1909 The receipts of
The government during those .wo
months 1pproXimaied s62S.767i i9i 4;
and its expenditures s75i072 .90i &c.
THE secreiary's letter further IN
dicates that. Notwithstanding the Op-
tmisiic predictions OF the admins
lration a few weeks ago that The
peak Of the national debt had beer
passed, me national debt in fact was
materially Increased during these two
months on August "a ihe debt wa:
/ s2iB2i672 1890 as against S2i2g9
32i 1910 on June 30
Thus We stand. nearly two years
after the close 0f The war. with oul
expend lures still exceeding our in
come al a rate. which IL continued
will approximate a billion dollars Z
year. and with our national debt In
| creasing. instead OF decreasing
Saved by Congress.
Pursuing figures. q Etile further
we discover. tnat while the admins.
/ traiion Is creating a deficit at n ratf
which approaches a billion dollars
year. but FOR a Republican C0ngre 50
| me deficit would be more nearly
three billions than One II is q mat
Ter of record that the present Dam0.
cratic admin 'straliOn requested Con
gress TO appropriate for its purposes
1 during the current fiscal wear. ihf
enormous sum Of S56S5.Si2929. 4
Republican Congress. after an inves.
| tigaiiOn NJ these demands annro.
nr'atad si313 300 30 thereby effect
/ ing a saving for the taX-nayers OI
more than 81 3i2 2m0N This sam
Congress. At ine special session i'm
pediaielv prac ding. den "a reQufs 5
M the Democratic administration foi
! excessive apnronriai 'ons aegregalini
more than 81 i695O000O0
Where would We b. TODAY n 10 h7,
not been for This Republican Con
/ gross. which in the space Of less ihar
/ two years. has reduced lpnrOpria.
| lions by billions Of dollars wh D. ih'
/ D'mncraiic administration whi
| cOughi inese enormous Sims has
/ been spending money az The rate of
] D. lliOn dollars year beyond ih'
amounts actually appropriated D.,
/ Congress
I'm ihe face N these facts. bur on
p0nenis have had iho tamer'ty 3,
| charge the Republican Congress VIII
/ cXiraVaranco. Passing ihp Ohvi0u
conclusion That IL our appropriation
were too large. Democratic eXpandi
| lures greatly exceeding them musl h
| utterly ineXcueable. what snail b
1 said Of the demands n ne admins
{ l-aiion for appropriations vastly ~
,fding either what We authorized %
| what ihey sponl2 n the appropria
| tiOns made hv tha Republican Cor
gress may be nu'ngly characinrizo
as "eNiravagint.' where shall w