The Barre daily times. (Barre, Vt.) 1897-1959, 1922-03-27
COOLIDGE OUT
LINES THE YEAR
Says Harding's First Year
show Almost Incredible
Achievement in Economy
NATIONS YEARLY
COST GREATLY CUT
United States Will Not BE
Drawn Into Purely Eu-
ropean Mat
tiers

! omy, president CALVIN Coolidge
! declared in an address yesterday before
! the Brooklyn institute Of arts and sci
enccs
4 Asserting that the number OF public
employees had been reduced by nearly
10000, the army by $1,000 and that
! large reductions had been proposed in
the naval forces, all Of which were be
ginning to show in the governments APP
preparations and expenditures, the vice
president said.
'Prior to the war the annual appro.
priations were a little over billion
dollars. For the last fiscal year they
were slightly more than five and one
half bilious. For the present fiscal
year it is estimated that this will be
reduced to somewhat less than four
| billions and for the next fiscal year, for
(Which appropriations are now being
made, there win be reduction TO
about three and one half billions. The
| interest and payments required for the
public debt are about one billion, three
hundred and fifty millions. The cost
OF ministering to the requirements OF
the veterans bureau is about e-lialf
a billion. The cost OF the army and
navy is over eight hundred millions
and another quarter Of a billion goes
into pensions.
If, from present expenditures. there
be deducted those items that arose
from the war and the extra amount
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 or three hundred millions.
.This represents an achievement I'M
economy which is almost incredible
Stating that the Washington arms
conference proceeded on the funda
mental theory Of substituting for the
sanction Of force in International fels
tions, the sanction OF reason" Mr..
Coolidge asserted:
IT has been a year Of progress alto
gethcr worthy OF a great people. 1t |
does not mean that the burdens Of ex-
istence are to be lifted from mankind. |
1t does not mean that military estab- |
lishments are to be no longer required. /
An agreement TO maintain a parity be-
tween navics Is not an agreement to
abolish navies. There will be great /
saving of expenditures, but it will not
be 20 much in present costs as in flu /
ture requirements. These great re-
medal policies which are being adopted i
are fundamental in principle. They
mean that hereafter a larger proper
ton OF human effort can 70 into pro-
ductve activity They diminish the
waste of extravaganza in gov
eminent and the spiritual waste OF dis
trust in diplomacy. Liberty has taken
guarantees Reason IL more
firmly cnthroned Hope and faith are
revealed more clearly as the great real
tiles
An adequate organization for admin.
istering government relief of war vet.
Grams was ono of the first domestic
problems, the vice president said. aud
THE organization later was placed I'M
der supervision of the veterans bureau
1T is casv TO realize he added,
what stupendous task this work is.
when it is remembered that there has
already been paid TO disabled veterans
ind their dependent relatives about
billion aud half dollars and there is
soing out OF the treasury each day
lose to million and quarter dol
airs. The government already has
Yearly 10000 hospital beds and will
Don have $4,000. There are about 20
100 men already in hospitals who re.
Give. besides their keeping and care,
rom $50 to Slj7 each month. The
wards for compensation run over two
undrcd thousand each month and the I
wards for insurance over 10000.
rhile there are $4,000 compensation
lsims and ] 300 insurance claims re- y
eived during the same time There arc 7
bout 10000 men receiving vocational y
raining, most Of them under nav and
t maximum cost Of $3.50 each per =
lonih. There arc already in existence
o. hospitals which provide Isl I'm. y
loyes for each 200 patients. There :,
re 5000 schools used throughout the =
,untry Tor training ex-scriicc men and y
600 institutions for placement train. .
lc.
He said the shipping board problem !, =
a ITO get the government out Of "
&c shipping business with as little -
IS as possible and TO provide an y
merican merchant marine that Amer. v'
an goods might not have 20 he car .,
cd TO market in the ships OF com -
that there might be sufsi- h'
emit ships to provide for an adequate 81
stional defense" -
There j. now a fair prospect. he as ~
rted. that the country win have =
erchsnt marine, supported from =
nall proportion Of the revenue derived
ON shipping and boiding place on
- seas worthy OF the American peo-
Constructive economy. Mr.. Coolidge
id, has been the trst thought and
r chief effort Of the present admin.
lratian. To secure that. he declared.
TO accomplish reconstructi0n.
There has been = steady determina.
IN not 10 interfere in those Euro
an Affair." with which We had no d.
n concern. he aid. when there
- an attempt 20 place responsible
= on our government for the fixing
reuzrstions il vas firmly declined.
4 with the assertion that reparsfions
at h. met 20 the limit Of ability.
There pa iikewiss been = refusal
participate in the Genoa coafersuce
Z of . feeling that the chief czuse.
ecoaouic di-turhancc n Europe czn
~ - eSttief br their oun dornesfir
iion sui our unwIllinrness % heoor1r
rolsci in Huy wav " thsiT poiiiirsI n
tsiicns The sinorrity 81 Amrrican III
Hpssty icr Euruprsn dEstrrss j. re- W