Evening journal., 1922-02-23

istrstion.
"A Republican administration,
with rigid frugality. is spending mill
lions less than were voted, and has
submitted for the ensuing year esti-
mates lower than those submitted
for the previous year by a Demo-
cratic administration by nearly
100000.
For the fiscal year Of 1928 we
shall spend, exclusive OF the interest
on the debt. a little over one-third
OF the sum sought to be spent by
the Democrats for the fiscal year of
1920. In three years we have slashed
by two-thirds the original prodigal
spending program of the Democrat
ic administration.
THE rejection OF the prohigate
Democratic estimates OF expendi-
lures by a Republican Congress so
conserved the resources OF the Gov
eminent that since the Republican
victory in 1918 the national debt has
been diminished from the surplus
revenues by over s2.O0O,OOO.OOO.
Furthermore, the revenue act
passed by tie present Congress will
reduce the sum OF Federal taxation
for the current calendar year by the
estimated amount Of three-quarters
OF a billion dollars, and for the cal
endar year 1929 by an estimated
half billion dollars more Before
this year has run It's course, we shall
have found our way back TO a pre-
- -,
NAL purposes OF the Government in
time OF peace.
There is no other Government IN
the world. Mr.. President, which so
persistently, consistently. and dras-
tically las reduced public expendi-
ture as that OF the United States
since the Republican Congress came
into power after the election OF 1918.
II our agriculture and industry have
been stricken by the depression com
mon TO the world, appropriations
have been reduced, the burdeR to
the taxpayer has been lightened. and
there has been no governmental
deficit in the United States.
Turn, II you will. to Asia. to Eu-
rope, and TO the Americas below the
Rio Grande. You will find every
where unchecked expenditure. def
icits in the public revenues n de-
preston in trade. and a deprecated
currency as measured by the Amer
lean dollar. Our Government, be-
yond peradventure. Is solvent Our
Government, beyond cavil. has re-
| duced and is reducing its armed
forces by land and by sea. our Gov
eminent. beyond question, has re-
duced by thousands. and by thou
sands more is reducing the number
/ OF public employees. our Govern
ment. beyond all argument and be-
yond denial Is saving saving.
IF this Government, indisputa-
bly, and Immediately solvent, has
been able to reduce. has been able
almost amazingly to curtail, its an
nual expenditure; II II has been able
almost to disband its land armies
and has dismissed its civil employe.
not by score but by brigades and di-
visions; is II becoming that we
should inquire what steps have beer
/ taken by the other states whose as
sociates IN the war we were, anc
whose creditor we are to make al
end to their deficits. to rehabilitat'
their currencies. to restore thei
credit. and to resume interest pay
ment upon their debts?
Il have not been able to find an
evidence that until this last montl
there had been any appreciable re
duction in the number of civil func
tionaries by any OF the debtor state
OF continental Europe, whether the
were our enemies or our associate
in the late war; but I have befor
me a table OF land ornaments main
tanned by seven Of the continental
states. as prepared last week by re
sponsible American military author
ity: