New-York tribune., 1921-11-04
Harding Saves
$94,OOO,OOO
More for US.
Aggregate Result of Econ.
omy Policy Now Fixed at
5000, 900, 600 in Letter
Sent to Speaker Gillett
Aug. 10 Estimate Shaved
Total Cost of Conducting
Government in 1922 Now
Set at $3,94O, ,OOO, 900

WASHINGTON, Nov. s.-The Ad-
ministrasion expects to effect an
aggregate reduction in government ex-
penditurcs for the fiscal year Of 1929
os S4S9, ,ooo,o 900, instead of its previous
animated reduction of $3.50, ,000, 900,
President Harding informed Congress
through letter to Speaker Gillett,
made public to-day. In addition, the
letter said, the Treasury would pro-
vide for two items of estimated public
20 the extent of $170,00O,000. This
;sould make total cut in expenditures
cf s609. 900 900.
On the basis of the latest estimates
received from the various departments
and establishments, the President said,
the total of expenditures for the next
fiscal year now stands at $3,940, 900, 900,
q reduction of S94,000.000 from the
estimate of $4,034.000,0O0 submitted to
Congress on August 10.
Deficiency Items Considered
The Presidents estimates were sub
mitted in connection with the trans
mission of supplemental and deficiency
to nearly 1SS,000,000, which he said
were taken into consideration in arriy-
ing at the expenditures total for next
year. The Presidents letter said:
81 have the honor to transmit here
with for the consideration of Congress
supplemental and deficiency estimates
Of appropriations in the sum of $751;
922.576.74.
"As a factor in their consideration
it is to be noted that on August 4,
1921. the Secretary of the Treasury
stated to the Committee on Ways and
Means that, according to the latest
advices received from the spending de-
partments and after taking into ac-
count all estimated reductions in ex-
penditure reported to date, the Treas
ture for the fiscal year 1922, for which
provision should be made out of the
current revenues of the government,
will be about s4,55o, 100000 This in
itself would mean a substantial re-
duction in current revenues and ex-
penditures below the fiscal year 1921
Revised Estimates Reduced
"At the time this statement was
made by the Secretary of the Treasury
the results of the imposition of Ex-
ecutive pressure upon the spending de-
psrtments, inaugurated at the meeting
the business organization of govern
ment, had not been fully developed.
On August 10, 1921, after a conference.
announcement was made through the
Secretary of the Treasury that the Ad-
ministration, in cooperation with the
Committee on Ways and Means, had
determined to reduce the ordinary ex-
penditures of the government for the
fiscal year 1922 at least $3.50 ,000, 900
below the revised estimates presented
by the Treasury on August q. 1t was
announced also that the Treasury would
provide for items of estimated public
debt expenditure for the fiscal wear
1922 out of other public debt receipts
during the year to the extent of s170,-
100000. Thus the expected aggregate
reduction in expenditure for the fiscal
year on the above basis was announced
as s520,000,000, leaving the estimated
total expenditure for the fiscal year
1922 as of date, August 10, 1921, about
s4,o34 100000.
"In fixing the figure of
s4.o34, 1000, 600 as the estimated total
the expenditures under the supple
mental and deficiency appropriations
OF s187.922,576.74 asked for herein
we're, in the main, taken into considera-
ton
$e4,000,o0o More Saved
ut is possible, however, to state now
that the expected aggregate reduction
in expenditures for the fiscal year
1922 basis is s43s,ooo,ooO in
stead of $350,00O, 900. Added to this
the reduction of $4,000 900 provided
for out of other public debt receipts,
/. makes the expected aggregate
reduction in expenditures for the cur
rent fiscal year s6O9.00O,0 900 instead of
With the expenditures
under the supplemental and deficiency
taken into consideration, the details of
estimated expenditures for 1922. as now
received from the various departments
and establishments, stands at $3,94o.-
100000, reduction of s94,O0o,ooo from
NE August 10 estimate Of $4,O34, ,OO0,-