Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1921-09-07

penditureS" with results which we
can summarize in the statement that
the appropriations for the current fis-
cal year Will aggregate four and a
quarter billion dollars and that this is
three-quarters of billion less than
the expenditures for the previous fis-
cal year"
The president, after reciting as Eek
travagances incident to the war" the
expenditure of three and half billion
dollars by the shipping board, between
five and six billion dollars for air
craft, artillery and ammunition, and
between one and quarter and one
and half billion dollars for the rail
road administration, adds:
Are Now For Economy
1t is gratifying to be able to say
also that probably. no other govern
ment has during a similar period so
drastically reduced expenditures as
has the government of the United
States the past two years on the IN
sistence of the Republican congress.
Moreover, am happy to assure you
that the administration departments
are now in full sympathy with the
program of rigorous and unremitting
economy, through which | believe we
will be able during the next year, to
turn back into the treasury so large a
sum that the aggregate of taxation
may be reduced to $3,500,000,00U a
year.
Half the present total expenditures
of the government arise from wars of
the past. Similar burdens are impos-
ed upon Taxpayers of other countries,
and well-nigh universal protest
against a possible repetition of gigan-
tic conflict gives rise to the common
hope that the conference in November
may Tighten the burdens OF both arm
ament and taxation
Almost without exception, the gov
ernments of other countries are faced
with great deficits. We must not
over-estimate our good finances and
the prudence of our congress when
permits us to balance revenue and ex-
penditure at a time when deficits are
the rule throughout the world We
shall be greatly assisted in policy of
reducing expenditure by the budget
law, Republican IN origin, design, en-
actment and execution. :. b. L do not
hesitate to say that in ordinary times,
it alone would have been considered
a high creditable chief product of a
years legislative program. Yet, in a
time of such legislative activity as the
present, it is only one among many
measures of the first Importance to
be enacted 1t was quickly followed
by the enactment of the immigration
law, calculated both to limit the in
flow OF population during depression
and to hasten the day when we may
effect the true Augmentation of all
newcomers.
Wages And Employment
The series of measures looking to
the amelioration OF conditions in the
great agricultural industries would in
other times have constituted a strik-
ing legislative product of a years ses-
sion. These include the law for con
for the regulation of grain exchanges,
and the law for the extension of cred
its to farmers through the war finance
corporation to enable them to carry
their crops until the, markets will abb
sorb them. The establishment of d
veterans bureau inSureS a conSumma-
tion of these reforms in caring for our
disabled men which was inaugurated
by executive order. We have estab-
lish the generous production and prof
liable exchange of fodostuffs and com
modities under the conditions of peace
and corallary assurance of good wages
and general employment"