The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-09-21
May Also Veto
Both River and
Pension Bills
By DAVID LAWRENCE
tCopyr:Eh; by The l0tellIgence0

WASHINGTON. Sep: "".-E1tircIy apar'
from the fact that President Hard'ns
vetoed the bonus bill. profound INV
preston has been made hv the ott'c''i
disclosure that a deficit "t S"'"."u"'""'
faces the country Tor IN" 'naNciat year
which began. last July AMI ends June
S0th next.
Government experts went over t"e
estimated expenditures carefully ana
rirures submitted in detail TO the Pres
,dert bfore he wrote his message, nut
ing of government finances. THIS me&ns
ing Of govrnment finances. This means
IN a nutshell that conG"'sS and eve"
The pension bills and river ana haroor
proposals which are pending are I'N.N
20 be vetoed II they are put up TO hl'
Harding In other words. the orahes
must bs up on TO keep the detc't from
growing and the Departments w;l We
required 10. cut down the ieticIt tseH'
The Deficit.
Mos, uncomfortable too Is the neces'
sity OF acknowledging 4 dSL!cit OF So'''-
oON. 600 al a time when the canpaten
ators would have found II so effective
~ refer TO the splendid work done IN
balancing the bulge, for the fisca! year
which ended in June. 1922. rs matter
of fact the government did ftna nee
Itself we'll and balanced the ou"Set
when il had appeared that there """'u
be a deficit of from twenty-five 70
hundred million dollars. NO Such prom
tses of reduction Of the deticlt can "e
made this time unless revenues are me
rt,s6 from unexpected Sourcs. The
mos, that can be hoped toE Is 80
ION nS the deficit from about soo".
on0 Onn 70 about half that sum. ana
50, ,his Is l,y no means certain.
aintl
rh. aehc., arises largely from the
,,c, that CONGRESS reduced the receipts
from taNaticn through the receipts
Ew ani there was an unlocked tor
shriny.ra IL tax receipts due to the
h,4,r ,ss deyress:on. Congress can harc-
" Increase taAss now SO the alternative
IS -eauctier c; expenditure. But even
taIs i= easier said than done lot on
u, veterans bureau alone Ss3"'p'o.Voo
VII ee spent this gear or more tnan
Ia, os WIZ. usec &c be expended IN pre-
va tays TO- Uncle Sans entire nudse-
T.e-s :, nc telling how much s:eater
,car $3.50. .ocG cro the expenses ior ciS-
49,. veterans and vocational training
" -;.r, bGc the governments pnItcS -
e -5s~e ne money IL iAa: direction
To Sell Securities
,a- 20 mn, ,n, $3.50 GO0. 900 deficit
dow e,crewhe. it is likely that the gov
.-.r,e,.. ". sell som" Of tie Eal1roao
seer.;..es wnich L cv"h from the ra''-
-,nt. ar-..:c government "peTato on
vo.r yar.y.s sums w"r" lent tHem -:
e-uipmert r-aoda,y Slo"."o".o"p may
=. realized tbs Nay. ApproNimate.%
So "n0 "nn n interest payments from
C~ast Britain have already been put ~
the estimated receipts -" THIS ns"ai
wear g, !: Their. - - default. the dehcIt
woulG be increased. II France'or some
ether allied countries could pay interest
scy,s nrorress would be made IN CUT
,lor The deficit 5u; the most optimistic
nred.c;:oa today = that with all sorts
nf economies and restriction OF eNpsH-
di,urs The SSeO.r0 900 will only be cut
in half All this IS on the surposit:'n
,ha; congress VIII 10. spend any more
money and that oc course x VIII nos
c,.r,urn the presidents veto Of the
h.9v~ bill Should the senate follow the
no,i.v of the house and override 'AG
ye;,. a contingency 30, looked 20" at
Al hy the president "c IN" treasury
department. all rredjct!o3S would z" oS
.ae boards Treasury officials say TIE
n,err.G;ur - the vet" - absolutely nj
conceivable and would he a Calamity.