Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-03-27
VICE PRESIDENT
REv|E us FIRST
YEAR s WORK Of
Administration
HAS Been a Period of Prog
reSS With An Almost In
credible Achievement in
Economy" States,
CUT OF NEARLY 10000
is MADE IN EMPLOYEES
Budget for Next Fiscal Year
viii Show a Reduction of
8 1-2 Billions Under Last
Fiscal Year,
tBy The Associated pressJ


New York, March 26.-The first
year of President Hardings admin
istration has been a period of prog
ress with an almost incredible
achievement in economy. Vice
President Calvin Coolidge declared
in an address today before the
Brooklyn Institute of Arts and
Sciences.
Asserting that public employees
had been reduced nearly 10000,
the army by $4,000 and large re-
ductions proposed in the naval
forces, all of which were begin
ming to show in the governments
appropriation and expenses, the
vice president said:
prior to the war the annual
expenses were a little over billion
dollars. For the last fiscal year
they were slightly more than five
and one-half billions. For the
present fiscal year it is estimated
that this will be reduced to some
what less than four billions and
for the next fiscal year for which
appropriations now are being made
there viii be reduction to about
iii Ct anu Ollt~lldlL bltllUHSs
War and Road Expenses.
IF, from present experiences,
there he deducted those items that
arose from the war and the extra
now being expended on good roads
and the army and navy, the present
cost of running the government
would not exceed the pre-war cost
by more than two OF three hum
dred millions.
This represents an achievement
in economy which is almost in
credible"
Stating that the Washington
conference proceeded on the
fundamental theory of substituting
for the sanction of force in inter-
national relations. the sanction of
reason" Mr.. Coolidge asserted.
1T has been a year of progress
altogether worthy of a great peo-
pie. 1t does not mean that the
burdens of existence are to be lift
ed from mankind. 1t does not
mean that military blishments
are to be no longer required. An
agreement to maintain a parity be-
tween navies is not an agreement
to abolish navies. This will be a
great saving of expenditure. but it
will not be so much in present
costs as in future requirements
These great remedial policies
which are being adopted are funda-
mental in principle. They mean
that hereafter a larger proportion
OF human effort can go into pro-
ductive activity"
Relief of War Veterans.
An adequate organization for ad-
ministering government relief OF
war veterans was one of the first
domestic problems, he said. which
later was placed under the super
vision of the veterans bureau.
''1t is not difficult to realize"
he added "what stupendous task
this work is, when it is remember
ed that there already has been paid
to disabled veterans and their de-
pendent relatives, about a billion
and half dollars and there is GO
ing out of the treasury each day
close to a million and a quarter
dollars. The government already
has nearly 10000 hospital beds and
will soon have $4,000. There are
about $4,000 men already in hos
pitals who receive, besides their
keeping and care, from $50 to
$157 each month, There are about
10000 men receiving vocational
training, most of them under pay
and at maximum cost of s160
each per month. There are 5000
schools used throughout the coun-
try for training ex-service men and
1000 institutions for placement
training"
Shipping Board Problem.
He said the shipping board prob
lem was ito get the government
out of the shipping BUSINESS with
as little loss as possible and to pro-
vide an American merchant ma
rine that American goods might
not have to be carried to market
in the ships of competitors. and
that there might be sufficient ships
to provide an adequate national
defense" There now is a fair pros
pect, he asserted. that the country
will have a merchant marine sup
ported from small proportion of
the revenue derived from shipping
and holding a place on the seas
worthy of the American people,"
Constructive economy, Mr., Cool
idge said, has been the first
thought and the chief effort of the
present administration. To secure
that. he declared Is to accomplish
reconstruction.
European Affairs.
"There has been a steady deter
mination not to interfere in those