The Hartford republican. (Hartford, Ky.) 18??-1926, 1922-07-14
HOLD COST DOWN,
PRESIDENT URGES
Harding Asks For Economy
In Meeting With u.
S. Officials.

tSative officers Of the executive es-
tablishments of the government who
were assembled today for their third
semi-annual business meeting were
called on by President Harding for
the utmost economy of expendi-
lures during the current fiscal year
and the use of their pruning
knives" on the estimates for the sue
ceeding twelve months.
The President further urged
economy by federal Officers as an ex-
ample for the states and municipali-
ties whose mounting debts he de-
scrlbed as menace" unequaled in
America today.
Referring to the operation OF the
budget bureau during the fiscal year
Just ended. when Withdrawals from
the TT asury were decreased by
$759.0OO.0OO from the earlier esti-
mated total of s4,554,O0 200 as "a
record OF real achievement" he de-
clared that the prospective net de-
ficit OF S425. 100000 for the pres
, ent current year is a challenge to all.
Receipts for the current year. he
stated. were estimated at $S,075, 000,-
600. while expenditures were placed
at S3.7T1.OOO.O 900. an apparent excess
OF exp nditures amounting TO S697.-
OOO.O 900 but offset TO the amount Of
S272. 700, 600 by the general balance
in the Treasury on June 80.
Asks For Vigilance.
Experience of the past. the Presi-
dent continued. has demonstrated
that there need be no undue concern
over prospective deficits, recalling
that while a deficit of $4,000, 600
was forecastel last year. surplus
of $4,000, 900 was realized. This
was accomplished. he asserted, de-
spite the fall in government receipts
for the year of s1.515, 100000, the
equivalent OF the reduction in the
amount collected from the people,
yet because 1t pruned its expendi-
lures by s1.743. 100000 it produced
an actual surplus.
This" he said. sis certainly a
gratifying accomplishment" but he
added that expenses must be kept
within income this year. and called
upon the governments executives
for still closer scrutiny of their ac-
tivities and expenditures.
"If in your jurisdiction" the
President said. you find activities
and expenditures that can properly
be curtailed or eliminated, | ad-
monish you to do It.; II laws do not
leave it within your power to do this
submit it to the President for recon-
mendation of Congressional action.
The business heads of the govern
ment do not and can not contem-
plate or expect expenditures this year
will exceed income. II they do II
will be regarded as most unfortunate;
and therefore. | bespeak your fullest
cooperation"
Warning against deficiency es-
Inmates was sounded by the Presi-
dent. who declared that officials
would be held strictly to account for
observance of the policy against
Such demands upon Congress, which
in the past fiscal year in deficiency
and supplemental estimates sub
mitted amounted to $661,00O,0OO, al
tho many were unavoidable, he de-
clared, because of wartime condi-
tions.
Prune Estimates, Advises.
"For the fiscal year 1924" the
President announced, receipts are
estimated at 100000 or ap'
proximately 5000, 900 less than
authorized expenditures for the cur
rent fiscal year. We must all keeT
constantly in mind" he said, thai
the probable receipts for 1924 VIII
not permit as liberal appropriations
as for 1898. In that connection
may say frankly to you that | VIII
not S md to Congress estimates ex'
ceeding the probable receipts OF the
government and ] must warn you
that unless you use your pruning
knives the executive will be compell
ed to cut deeply the estimates pre-
scented.
sour country is one of the few
in the world which is now payina
its way as 1t goes, and i must re
gard with disfavor any tendency &c
pinterfere with these conditions or in
crease taxes"
Tribute To Dawes.
-. uardfng maid n CLOWNS