Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-09-26
SEARCHLIGHT
TO DEAL WITH
HARDING RULE
Publication to Devote Issue to
Outstanding Facts of
Administration.
BIT RICHARD LINTHICUM

WASHINGTON, Sept. 26-"The Truth
About This Administration" is the title
which covers the entire forthcoming is
sue of the searchlight, the nonpartisan
monthly published here, which viii put
in one comprehensive picture the out
standing official facts of the Harding
Administration, stressing the fiscal fea-
lures, but reviewing the Administration
in all its phases.
From advance sheets some Of the most
interesting valuable features Of this
forthcoming Issue win be:
The Financial Wizardry by which de-
fciencies are made to appear as ''sav-
iRgs''
The happy and harmonious experience
of Big Politics and Big Business.
The legislative program dealing with
tariff and taxes, the excess profits tax
repeal and the foreign loan refunding
bill, which VIII reveal all such measures
in their relation to the public welfare.
Oil and the Old Guard, which the
editor promises shall be very illuminat-
ing.
Who's Who in the Cabinet, on the
basis of their public records.
Where and How Harding fits into the
picture
Referring to President Harding's let
ter to Senator Mccormick in which the
writer spoke Of the monumental
achievements" Of his Administration, ex-
pressing the belief that enough would
be saved next year to reduce taxation
TO $500, 900 coo, the publication points
out that the most remarkable thing
about this alleged Saving" is that il
must have been made in not more than
three days, which would make it q
miracle, or possibly it was matter Of
a split second.
1t. then proceeds to give these facts and
figures;
For July, 1921, according to the figures
OF Secretary Mellon, the expenditures Of
the Federal Government were S532. 100000
or S2J,000,000 more than for July.
For July, 1921 the deficit was S113 OOO.-
600 or S37,000,000 more than for July,
1920.
On Aug. (, three weeks before the date
or the Presidents letter. Secretary Mel
Ion told Congress that both expenditures
ana deficits were exceeding those Of a
year ago, so that the great Saving" could
not have occurred prior to Aug 4
On Aug. "a, three days before the date
OK the Presidents letter, President Hard
Ing signed an urgent deficiency bill,
carrying more than 500 ,000-the third
appropriation bill of that nature passed
It Is pointed out, was less than half the
departments asked for, although Presi-
Gent Harding's letter says they are in
full sympathy with the program CT Wig
orous and Unremitting economy"
The stupendous saving" must there
fore, have been made betwccnj Aug. %
and Aug. q, but as the Searchlight
points out, If made within those dates,
It did not continue. because Secretary
Mellon in a letter to the banks, dated
Sept s, revealed this Information:
That the net deficit for July and Aug
Ust was S161 ASfT7496.
That maturties of principal and inter
est on the public debt up to Oct. 10 viii
amount to over $1,1J0 00O.00
On Sept. y, less than threa weeks after
President Harding's letter, Secretary Mel
Ion offered for sale "a second issue OF
Treasury certificates Of Indebtedness of
$500 0O0.0O0.
Despite its presentation OF this evi-
denCe, the Searchiight reveals an exist
ing means Of manipulation by which the
conclusion regarding this stupendOus
Saving" might be reached, and that Is
In the Juggling joker" in the second
deficiency BILL signed June 16, which con
tains this provision:
The statement Of appropriations, etc.
for the third Gession OF the Sixty Sixth
Congress shall include the Army, Naval
and the second deficiency appropriation
acts passed during the first session Of
the Sixty-Seventh Congress, and al other
appropriations made at the latter seq
sion shall be compiled and published
with the statement Of appropriations fo-
the second session Of tbs Sixty Seventh
Congress"
On this the Searchlight says;
Through this simple device It would
be possible for this session to appropriate
billions and not have it show. Appar-
emily that was the only object-to conceal
and deceive.
Military appropriations made during
this session are to be charged back to
the preceding Congress. All other ap-
Preparations currently made are to be
charged ahead to the next session Of
Congress after this"
The Searchlight says there is and has
been no direct evidence Of presidential
connection with this Juggling joker"
but thinks it pertinent to suggest that it
affords one means by which the President
might possibly figure" a Saving" this
present year.
g Points out that the political sue
cess OF this deception depends upon
keeping the people deceived.
Another chapter on Saving" deals
with the Shipping Board, In which
paper savings" Of S25,000,090 was her
aided in the public press. As shown by
the Sea ,chIight, the Shipping Board al
ready has been given additional urgent
deficiency funds on two occasions, one OF
S15,00JC0O and another, three days before
the Presidents letter, Of $4,000 600, five
times the total that was to be saved"
aud the end is not yet, for Chairman Las
ker informed Congress that more extra
money Will be needed within few
months.
On this basis Of Saving" the Search
light figures that the Administrations an
nounced total saving" of $3.50, 900
would develop into a deficit Of something
like S1,TJ0OO0O0O.
The above presentation Of facts and
figures, made without bias. is but
glimpse al the analysis OF the actiyi- /
, ties of the Adm nistration, as set forth
in the coming issue Of the publications. |
Visualized as 4 whole, it IS the most
comprehensive and important revelations
Of how government is conducted under
this Administration get made.
Best Corps VIII Get