The daily banner. (Cambridge, Md.) 1897-2008, 1921-09-23
BY Richard Linthicum
[ Special CORRESPONDENCE

by hlCudiu LluIulCulIl
Especial Correspondence !
Washington, Sept. 21.-"The Tru- |
tn About This Administration" is |
the title which covers the entire for |
thcoming issue of the Searchlight, |!
the non-partisan monthly published |
here, which will put in one cOmpre- |
henSiVe picture the outstanding OF |
fetal facts of the Harding Admins |
tration, stressing the fiscal features, |
but reviewing the administration in
all its phases.
From advance sheets some of the |
most interesting and valuable feat |
ures of this forthcoming issue will |
be:
The Financial Wizardry by which |
deficiencies are made to appear as
savings"
The happy and harmonious expert |
ence of Big Politics and Big Bust |
ness.
The Legislative programme dealing ,
with tariff and taxes, the excess pro-
fits tax repeal and the foreign loan
refunding bill, which Will reveal all
such measures in their relation to
the public welfare.
Oil and the Old Guard, which the
editor promises shall be very illum-
mating.
Who's Who in the Cabinet, on the
basis of their public re 0rds.
Where and How Harding fits into
| the picture.
Referring TO President Harding's
| letter to Senator Mccormick in
| which the writer spoke of the mon
umental achievements" of his ad-
ministration, expressing the belief
that enough would be saved next
year to reduce taxation to $780,
100000 the publication points out
that the most remarkable thing
about this alleged saving is that
it must have been made in not more
than three days, which would make
it a miracle, or possibly it was mat
ter of a split second.
1t tnon proceeds to give these
facts and figures:
For July. 1921, according to IT,
figures of Secretary Mellon, the .,
penditures of the Federal soy.
ment were 1892, 100000 or 70
100000 more than for July, 10 /
For July, 1921, the defIc /
S113, UUU, UUC OF 20 I ,OVp,OV I
than for July, 1920. ~
On Aug. 4, three weeks q 4
date of the Presidents let
tary Mellon told Congress +
expenditures and deficits
ceeding those of a year as
the great saving" could +
occurred prior to Aus. 4. Z
On August, "a, three ord !
the date of the President
President Harding signed an
deficiency bill, carrying mort
$50. 00O,OO0-the third appE
ton bill of that nature passeE
March 4. The fifty odd milltS
is pointed out, was less than lei.
departments asked for, alef
President Harding's letter ST.
are in full sympathy with n
gram or rigorous and unhe
economy" tt :
The stupendous 'savingaI !
therefore, have been made +
Aug. "a and Aug. 81, tie !
Searchlight points out, il lie
in those dates, it did not contIh scSe
cause Secretary Mellon in a letter to
the banks, dated, Sept. 8, revealed
this information:
That the net deficit for July and
; August was $161,484,774.96.
: That naturities of principal and
/ interest on the public debt up to
Oct. Is, will amount to over 81 $780,
100000.
On Sept. Is, less than three weeks
after President Harding's letter,
Secretary Mellon offered for sale "a
: second issue" of Treasury certificat-
es of indebtedness of $500, 100000.
Despite it's presentation of this
evidence, the Searchlight reveals an
existing means of manipulation by
which the conclusion regarding this
stupendous Saving" might be reach
ed, and that is in the Juggling jok-
err in the second deficiency bill,
signed June Is, which contains this
provision:
The statement of appropriations,
etc, for the third session of the Six
ty-sixth Congress shall include the
Army. Naval and second deficiency
appropriation as passed during the
first session of the Sixty-seventh Con
gress, and all other appropriations
made at the session shall be compil-
ed and published with the statement
of appropriations for the second SEES
sion of the Sixty-seventh Congress. y
On this The Searchlight says:
Through this simple device, it
would be possible for this session to
appropriate billions and not have it
show. Apparently that was the on
ly object,-to conceal and deceive.
Military appropriations made dur
ing this session are to be charged
back to the preceding congress. All
other appropriations currently made
are to be charged ahead to the next
session of Congress after this"
The Searchlight says there is and
has been direct evidence of Presi-
| dental connection with this "juggl-
ing joker" but thinks it pertinent to
| suggest that it affords one means by
which the President might possibly
figure" a saving: this present
year.
1t points out that the political
success of this deception depends up
on keeping the people deceived.
Il l.,