New-York tribune., 1922-10-18
HardillgRegi1lne
Saves Millions.
Mills Asserts
81, 700. 600, 900 Released
for Productive Purposes
by Economical Program,
He Tells Republican Club
Cites Slash in Tax Burden
Citizens Pay So 900, 600, 900
Less This Year; Repeal.
of War Levies Recalled

~---------.
the 17th Manhattan District. speaking
last night st the monthly meeting OF
the National Republican Club, re-
viewea the economies effected by the
Harding Administration, bringing a
round Of applause from the members
of tho club when he said that the Ad-
ministratior for the fiscal year end
ing juno 80 had accomplished saving
Of approximately s1,70o, 100000, thus
releasing an amount almost equivalent
10 cne-third o. the national savings
for productive purposes.
Representative Mills is member Of
the ways and Means Committee of the
House. ard his analysis Of the econo-
mics by the Harding Administration
wss listened 70 with the closest atten-
ton. II. said in part.
"The prosperity of nation depends
on the constant accretion Of its cap
ital assets. That means that there
must be annually available, as a result
of national saving, liquid capital for
new development and expansion. 1t
is estimated that we have in the United
states an annual surplus of some
$4,000, 900, ,000, of which at least half
is absorbed for maintenance and re-
placeme it u is not SO hard to ap-
ptecia th-,. the direct effect on the
piost er'ty # the country If the sur
plus fund - diminished by billions of
doiisrs taken ir taxes for unproduc-
tivs purposes
Expenditures Slashed
Economy in yo.ernment under exist
ing conditions is o condition precedent
TO nattona, economic rehabilitation. 1t
is for this reason that the present
Administration and Congress are en-
titled to the undivided support Of the
business interests of the country. FOR
the first fiscal year ended June 30,
1921. the total expenditures of the
government were $5,53s,oo0,00o. For
the fiscal year ended June 80 last they
were $3,7s5 ,000,0 900, or a saving of ap-
proximately s1,700,o 900, thus releas-
ing an amount almost equivalent 20
one-tfird of the national savings for
productive purposes. Looking to the
future, relations must be expressed in
terms of appropriations rather than
expenditures. But here again we find
that the appropriations for the fiscal
year 1923 are some 100000 less
than for tae fsosl year 1922, thus
holding OF. svsry promise Of further
reductions Ia IL e GEAR future.
"Using the ne~ budget bureau Gre
ated by this Congress as a supervising
and co-ordinating agency, the Pfesi-
dent. ably assisted by General Dawes,
has succeeded in unifying diverging
NJ t,, hrip nhoyff tho
spirit of cooperation and the common
purpose that characterize the organi-
zations of our most successful private
corporations.
Cooperation Secured
"At meeting attended by 500 de-
partment and bureau chiefs, held on
June 20, 1921. the new policy was out
lined and within thirty days the new
business organization which reaches all
branches of the government promised
80 reduce certain contemplated eSpendi-
lures under current appropriations in
large amount. This was but the be-
ginning. To-day the Director of the
Budget states that conservative esti
mate OF the amount saved in the roa-
tine expenditures of government
through effective executive. supervision
and pressure will amount for the first
year to over $3.50 100000.
In glancing through the report of
the Director Of the Budget. which gives
in detail the items which go to make
up the S2b0,00o 000 the thoroughness
with which the policy of economy has
been carried out has been made clear
1t is literally true that no item OF
saving has been too small to escape
attention
'As result, the taxpayers will pay
this year SOME $1,000 ,0o0, 900 less in
taxes, and it was possible in the 1921
revenue act to repeal the more burden.
some of the war taxes, notably the ex.
cess profits tax, the tax on transporta
| tion, the tax on life insurance premi
ufns, the tax on clothing and simila
articles and the so-called minor nuis
af1ce taxes. Let me remind my bust
ness friends who talk of Democrat
Congress of the Democratic tax pla
which contemplated retaining the es
cess profits tax, retaining the incom
tax Mt the maximum war rates and in
creasing the Federal inheritance tax.
Vote of Thanks Taken
Nathaniel A. Elsberg. president c
the club, presided last night. At tn
conclusion of Representative Mills
remarks Alexander +. Campbell move
vote of thanks to the speake
President Elsberg said that with th
record made by Mr.. Mills in the Hous
and by Governor Miller at Alban
there was no excuse for laxity on til
part of Republican men and women an
that all should get out and work for
smashing Republican victory.
John S. Kennedy was elected corr,
spending secretary and Captain Ber
janain NJ. Hay, Newbold Morris an
Internal Revenue Collector Frank /
Bowers were elected members of til
executive committee.