The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-12-02
AWAIT RESULT
OF LAW, URGES
PRES. COOLIDGE
President, in Transmitting
Annual Budget, Shows
Surplus Expected
FOR CAREFUL COURSE
Continued Economy Will Pave
Way For Further Tax
Reduction, He Says

Washington, Dec. 2.--President
, Coolidge informed Congress today
that present estimates point to q
surplus of revenues over expendi-
lures Of $67.sS4, ,is9 for the present
fiscal year and of $373,743,714 for
the fiscal year 1926, but he advised
against any further tax reduction
until definite results from the PRES
ent tax law are known.
"lf we continue the campaign for
economy, we will pave the way for
further reduction in taxes" the
President said in special message
submitting the annual budget, "This
| reduction cannot be effected immed-
lately. Before it is undertaken, we
should know more definitely by act
ual operations what our revenues
will be under our present tax law.
But the knowledge of our revenue
under the existing law will avail US
nothing if we embark any new large
expenditure program"
The President recalled his recon-.
mendatiOn for a reduction in taxes
and said that thus far in this fiscal
year, previous calculations of the re-
suits had been. borne out. He de-
clared revision of the estimates
for 1925 showed that receipts for
the current year should approximate
$3,6Ol ,96S,297 while the expenditures
should not exceed $3,534 ,083, ,8OS, and
compared these with the estimates
for the next fiscal year, transmitted
in the budget showing probable re-
!ceipts of $3,641 ,295, ,092 and a prob
.ple cash disbursement by the Trea.
sury of S3,267 ,55l. .37S which will in
fefude some funds appropriated, bur
not all expended, in the current
year.
National Defense Estimates
In analyzine the estimates submit
ted the President said: For \the
national defense the estimates
amount to s549,OOO,000, which is
$29 100000 less than the amount
available this current fiscal year.
These figures do not include non
military items Of the War and Navy
Depa rtments. This reduction is
made in accordance with my belief
that we can have adequate national
defense with a more modest outlay
of the taxpayers money. Further
study may point the way to addi-
tional reduction without weakening
our national defense, but rather per-
fecting it. This nation is at peace
with the world, We no longer have
international competition in naval
construction Of major units. We arc
concerned primarily with maintain
ing adequate preparedness. We
should have adequate preparedness
in 1926 within the limits of the
amount recommended.
aside from the important factor
of training personnel our national
defense is largely an industrial
problem. Today the outstanding
weakness in the industrial situation
as it affects national defense is the
inadequacy of facilities to supply air
service needs. The airplane indus
try in this country at the present
time is dependent almost entirely
upon government business. To
strengthen this industry is to
strengthen our national defense. For
the air service of the Army and Ma
w, and the Air Mail Service, the
estimates, including contract author
izations, amount to $3S, ,945 900. This
contemplates an expenditure with the
industries of $ls,2S7 900 for the pro-
curement of airplanes, engines and
OOG is for maintenance, operation,
experimentation and research. The
amount Of $3S,945, 900, however, does
no, include all that will be available
for this service in 1926. Amounts
contributing to the air service car
ried in other estimates, and usable
war supplies, will make a total
availability conservatively estimated
at $65,OO0,000.
"The amount requested for nation-
al defense includes $50,118,000 for
the Army and Navy Reserves, Ma
tionaI Guard, Citizens Military
Training Camps and other civilian
training activities.
There is also included in the ma
tional defense estimates $7,444,00O
for, increase of the Navy. This will
provide for continuing work on the
fleet submarines under construction
and for beginning work on two of
the four remaining fleet submarines
authorized in the 1916 program.
With regard to the Navy estimates,
legislation is now pending with
provides for additional vessels, in
cluding gunboats for use on the
Yangtze river. Further estimates
for increase in the Navy are de-
pendent upon the enactment Of this
legislation. 1t will also be necess-
airy to request Of Congress legisla-
tion increasing the authorized cost
of the two airplane carriers now un-
der construction. If this be granted
| it will require funds for the next
(Continued IN maze -