Perth Amboy evening news., 1923-06-18
j. 8. IS LIVING
WITHIN INCOME
Government Has Accomplish
er That Fact, President
Harding Declares Today
SURPLUS ACCUM ULATED
Of Two Hundred Million DOL
lars Department and Bu-
reau Heads Are Informed
SURPLUS ACCUM ULATED

w O-Nt AlAt ~
government has accomplished the
task of living within its income in
the past twelve months and has ac-
cumulated a surplus of two hun
dred million dollars in addition
President Harding said today IN
speech at a meeting of department
heads and bureau and division chiefs,
constituting the governments busi-
ness organization. Further reduc-
tions, he said would be made in ex-
penditures in the coming year.
The record, the president SAID, is
the more important since the flscaI
year was inaugurated last July l,
with a deficit confronting the treas
ury of sS23,000,000. To this signal
achievement" Mr.. Harding declared
should be added the fact that IN ad-
dition to wiping out the deficit and
accommodating a surplus, the cam
paign for efficiency and economy
had resulted in actual expenditures
of the government being cut 500
100000 in the last twelve months be-
low the ordinary expenditures Ior
the year ending last June 80.
Mr.. Harding called attention 10
conditions when the first meeting OF
the business organic ton was held
two years ago this month ana de-
clared that he regarded that meet
| ing as an "epoch in the admlnlstra-
tion of government business. Nhal
had been done since in the way OF
| economy and efficiency. the Pfesl-
dent said. was commendable, but he
Z la1 a. lXsRnTtNAE
that they faced another year when
tasks as difficult and problems as
1 acute awaited solution if the govern
ment's policy OF conducting affairs
| economically and efficiently was 10
| be realized.
In a few days" the President
said, we commence another flscal
wear and l feel confident that at its
| close we will be able 20 point TO
Teven greater achievements in our
campaign for retrenchment, economy
! and efficiency, than have been &C
| complished this current year. The
appropriations for the coming fiscal
/ year amount in round figures to S3,-
! 706,0O0,,00O which is 1924, ,OO0,0OO
! less than the appropriations for the
/ current fiscal year. AS compared
with the estimate presented TO Con-
gress the appropriations for 1924 are
/ but S7,S25,000 less than the amount
/ asked for in the budget and the es-
| Inmates supplemental thereto.
/ Action by Congress on the es-
/ Inmates for 1924 therefore amounted
1 to practical ratification Of the bud
j get and the supplemental estimates
/ This in itself shows how carefully
/ how painstakinglY We're the esti-
/ mates prepared and is q source OF
/ much qualification to the chief ex-
ecutiYe. 1t is the first time in many
/ Years that executive requests for ap-
/ preparations and legislative grant
have been in practical accord.
THE coming fiscal year viii af-
! ford Us a real opportunity to DEM
i onstrate our ability to carry on the
! policy by economy in the conluc
/ of business and retrenchment ir
/ expenditures. Congress has grant
ed for that year funds approximately
! in the amounts requested by thC
/ Chief executive as being necessary
/ to carry on the governments busi-
/ ness. To accomplish what is neces'
sary to be done with limited
amount Of funds, as will be the cas-
this coming fiscal year, and at the
same time effect savings, affords an
/ opportunity for really distinguished
service. I am sure that you all well
| come this opportunity and that vol
Will enter upon the coming year with
the firm resolve to make a new rec
ord in efficiency and economy IN the
transaction of the business of gov
ernment.
Il realize that this will call for
further and greater demands upor
your ability, a closer scrutiny of youl
activities, and the installation gen
orally of more efficient methods. Let
US here resolve that we will estab-
lish in federal operation, not only fol
the coming, but foC succeeding years
an earnest, friendly competition be-
tween the nations multitudinous op'
Grating agencies.
Another task which will shortly
confront US is the preparation of the
budget for the fiscal year ending
June 80, 1925. l contemplate a sub
stantial reduction in the estimates o.
appropriations for 1925 as compared
with the appropriations for 1924.
In fact, 1 have expressed to the di
rector of the Bureau of the bulge
my desire that the 1925 estimates
exclusive of the amount required Il
meet the reduction in, and the in
terest on, the public debt and 5ht
amount required for the Postoffic'
Department, viii not be in excess O.
s1.700, 100000. To reach this amour
the estimates for 1925 must be S126,
100000 less than the appropriation
for 1924. This will tax your best eff
forts, but I have confidence IN you
ability TO find ways and means fol
lessening the amounts of your re
quests for funds"