The Glenwood post., 1922-07-06
vacIe Ted's Bed Time Stories
Current Events For the ChilArsn
and arown-uys, Too
MEANS SIXTEEN MONTHS
OF ACCOMPLISHMENT
d GroWAruDa, Too

"That's just what 1 told Freddie
long time ago. said Jack. "When
the Republicans came in and Presi-
dent Harding took charge in March,
1921, Liberty Bonds were way down
and l tried to get him to save his pen
nies and buy one because I knew that
all the nonsense at Washington was
over and they would go up sooner or
later
eyes, but what did you do!" asked
Ruth.
''Well, since you want to know,
sold my bicycle, it was all old anyway,
a sled, some old tires of Uncle Ted Is,
. lot of newspapers and old junk
found all down in the cellar and in the
attic. 7 put that with what I had in
my little bank and had enough to buy
n fifty dollar bond. But it didn't cost
mo fifty dollars but whole lot less and
NOW its worth fifty dollars. The banks
say 500
''And the bank is right" said Uncle
Ted, appearing on the scene. "I was
wondering what had become of those
old tires of mine. I was going to try
and have two of them made into q
spare tire, but since you invested your
money with so much sense I IL forgive
you this time.
"Jack," continued Uncle Ted, ''it
wouldn't be a bad idea for everyone
to remember what you have said. When
the Republicans took charge Of our
government at Washington, some bonds
were selling 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 Republican administra-
tion there has been an increase of more
than $4,000 ,OO0, 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 national debt of $4,000,
coo ,OOOY And the interest on this each
year AMOUNTED TO MORE THAN
1,0O0, 100000! Why, kiddies, in 1913
when the Democrats came into power
debt that was less than the In
terest on the debt left by the
Democrats in 1921! In other words,
the debt left by the Democrats
was $500 PER GENT MORE
THAN THE ONE LEFT BY THE RE-
PUBLICANS. OF course most of the
debt left by the Democrats was due to
the war but much of it was due to alb
solute waste. The part of this story
that makes you feel good is that with
in 16 months of Republican administra-
ton. that debt has been cut down 800,
100000.
"I hadn't intended to make story
of this but / might as well point out
some Of the other things accomplished
in those 16 months From some of the
newspapers 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 in
terested will find that the Democrats
spent s. ,53s ,O40 $50 to run the govern
ment during the last year they were
in power"
president Harding has been in the
White House more than year." spoke
up Jack, "and what has he spent'"
The first fiscal year of the Harding
administration ends June Both and the
cost for that year WILL NOT BE
MORE THAN $3,92o ,372, ,O3o which
means n saving of 81 ,6oo, 900 900, in the
expenses of running our government" :"
"How have they been able to save
so much2' asked Ruth.
"As / have told you before, Ruth,
most of this saving has been due to the
budget system created by Congress in
special sess on and put into effect by
President Harding with General Dawes
at its head. General Dawes realized
that he was put into that work really
to save money, and although some de-
partments of the government were not