The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1922-06-27
UNCLE TRD'S
BEDTIME STORIES.

4 SS~S~SS<SSS$U~~
That's Just what l told Freddie O
long time ago." said Jack. when the
Republicans came in and President
Harding took charge in March, 1921,
Liberty Bonds were way down and !
tried to get him to save his pennies
and buy one because l know that all
the onsense at Washington was over
and they would 60 up sooner or later"
"Yes, but what did you do?" asked
Ruth.
| well, since you want to know,
sold my bicycle, it was all old anyway,
some oil dtires of Uncle Ted's, lot of
newspapers and old junk l found all
down in the cellar and in the attic.
put that with what had In my little
bank and l had enough to buy a fifty
dollar bond. But it didn't cost me fifty
dollars but whole lot less and NOW
its worts fifty dollars. The banks
say So" .XlH
And the bank is right" said Uncle
Ted, appearing on the scene. 81 was
wondering what had become Of those
oil dtires of mine. I was going to try
and have two fthem made into one
spare time, but since you invested
your money with so much sense I'll
forgive you this time.
Jack continued Uncle Ted, at
wouldn't be bad idea for everyone to
remember what you have said. When
the Republicans took charge of GU
government at Washington, some
bonds were eslling at IS cents on the
dollar and today every issue is selling
for its full value and more. That
means that in 16 months of Repub-
lican administration there has been
an increase of more than $2,000.000.-
900 in the value of these government
securities.
while We are talking about that,
did you know that in March, 1921,
when President Harding and the Re-
publican party came back into power
there was nationa ldebt of $23,0OO,- |
100000? And the interest on this each
year AMOUNTED TO MORE THAN
81 200, 000,0O0! Why. kiddies, in 1918,
when the Democrats came into power
they found the Republicans had left a
debt that was less than the interest on
the debt left by the Democrats in 1921!
In other words, the debt left by the
Democrats was 1900 PER CENT.
MORE THAN TIL EON cleft BY
THE REPUBLICANS. OF course most
of the debt left by the Democrats was
due to the war but much Of it was due
to absolute waste. The part of this
story that makes you feel good is that
within 16 months of of Republican ad-
that debt has been cut
down by s7OO,OO0,OO0.
II hadn't intended to make a story
of this but might as we'll point out
some of the other things accomplished
in those is months From some fthe
articles and from some
statements Of those not too friendly |
to President Harding and his helpers,
you might think the present admins |
tration was spending money like water |
to run the government But facts and |
figures do not lie, and those really |
interested will find that the Demo-
Gratis spent. $3.50, O4O,6Ss to run the
government during the last year they
we're in power"
President Harding has ben in the
White House more than year." spoke
up Jack, land what has he spent?"
'The first fiscal year of the Hard
ng administration ends June 30and
he cost for that year WILL NOT BE
MORE THAN s3,922,372,O3O which
means saving Of $1,000, O0O, 900 in the
expenses of running our government"
AloW AoVC thSy DCCh dUic " pdSC
o much" asked Ruth.
LAS have told you before, Ruth,
nose fths saving has ben due to the
udget system created by Congress in
pecial session and put into effect by
resident Harding with General
,awes at its head. General Dawes
ealized that he was put into that
'ork really to save money, and al
Rough some departments fthe gov
wer not so enthusiastic about
aving their SPEEDING money cut, he
ent right ahead and proved that
lere were many places where money
,uld be saved In big Jumps. =
"You know, too, that Republican 5
ongress in 1921, while Woodrow Will
IN was still in the White House,
,ssed budget law and it was We
OED BY MIR. WILSON" a
Tell us again something about q