Evening star., 1924-01-01


policies as regards new undertakines
fhe government has succeeded III
ciosing the fiscal year 1929 with
surplus OF about 1910, 100000 aboyt
all expenditures chargeable againa
ordinary receipts including the sink-y
ing fund and other debt retire renenis1
to which the government is commit@
ted under the sound policy of bali
anctng It's budget and gradually re-
ducing it's indebtedness. During thA
year the Treasury has Completed the
refunding of the seven and one-half
billions of the short dated debt on a :.
strict investment basis and withoug
disturbance to business or a strain on
the financial market This has in
cluded the completion of the refund
ing OF the victory loan, aggregatine
over s4050, 100000. and the retire.
ment of over half a billion dollars of
war savings certificates. The year
just closed has also witnessed the
funding of the debt owed to this
country by Great Britain into bonds
aggregating $4-600. 100000, with sat-
fsfactory arrangements for theiR
gradual retirement.
Good Times Ahead.
"As result of the present favora-
BILE condition of the governments
finances the Treasury has recon-
mended reduction Of taxes in the
belief that the country should be re-
IleVed, so far as may be possible, of
the excessive burden of taxation,
which has been borne so uncom-
plainingly during and after the war.
The Treasury has, accordingly, rec
commended to Congress that legis1a-
ton be enacted, which will distribute
the benefits of tax reduction among
all classes of taxpayers and release
Tor investment in productive enter
prise, funds which are necessary for
the country's expansion and future
healthy development.
am convinced that. If the tax pro-
posals are enacted into law and the
SOUND policy of retrenchment in ex-
pendltures is continued, the coming
year viii witness a steady improve
ment in the favorable conditions which
nave already begun to make them
selves felt, and this country will en-
joy prosperity in 1924"
Respect for Laws.
Attorney General Daugherty said:
1t is my opinion that a good New
Year resolution for every American
citizen to make and keep is that he
Will respect and obey the written
laws of his country in their letter
and spirit, and that he will keep
constantly in mind that the law and
the Constitution are the guarantees
of his own peace and happiness, as
well as the peace and happiness of his
our people living in the realization
of these truths there is little room
for the pessimist in America.
While our republic is blessed with
high ideals and marked material
progress, it is always becoming that
every Individual contribute to the
.fullness of his ability in the attain
ment Of a still higher standard OF
social, political and economic moral
ity. Progress is an elemental factor
in the lives of nations and men.
which even time cannot check. BIT
the kind of progress We should as
pire to is that progress which will
establish still more firmly the founda-
tions of law. liberty and justice.
Secretary Works statement follows:
THE fall of the curtain on the
year of 1923 concludes a period of
financial rejuvenation in the various
activities of the Department of the
Interior
THE total value of the individual
the guardianship of which is ad-
ministered by the Interior Depart
| ment, increased from s727,124,00O in
1922 to S1,010,000,000 in 1928. The
! income of the Indians from this
in 1923 it advanced to s38,679, 600, a
gain of s14, 900. Mineral leases
on public lands have also brought
larger revenues. The sum of Sc,
374,000 was collected from this
I
| 1923, receipts from mineral leases in
creased to s7,504,00o, d gain of ST.
! 130. 900.
| Sales from timber in the Oregon
| and California railroad land grants
! increased from S262. 900 to S756, 600.
public domain has almost doubled
the past two years, the total number
of barrels taken from wells in 1922
being 1S,236,000. as compared with
n y ,,;1 IN,
Guiding naval reserves turned over
! to the government through leases,
I has bounded upward from 1,292.000
barrels in 1921 to 7,647.000 barrels
in 1923. The receipts last year were
sS,071,00 and in the previous year
| they were S476S, 900.
Park Service Income.
! THE national park service, having
| supervision over nineteen national
| parks and twenty-siX national monu-
! ments. increased it's income from
| s437. .000 in 1922 to $4,000 in 1928
| The number of visitors who Travelled
E, to these Fairgrounds of the people,
! spending millions of dollars. totaled
| 1,493.712 in 1928, as compared with
! 1,216.49O in 1922. Receipts of the
| bureau of reclamation also gained
! 81, 1000, and the total crop value
on the twenty-four irrigation prof.
! ects operated by the government IA
| creased from S49,620,600 in 1922 to
$50, $50, 900 in 1923. The revenue of
| the patent office showed a gain of
| s113,000 last year.
| with the door of the new year
! now opening the prospects for the
! future is no longer conjectural. The
nation, like a ship in gale. has
| gradually righted itself during the
! last two years after the gloomy
days of business depression and n
nancial stagnation.s An era OF un
| .s-ocao,+o5 ,orosnari+y Is now ahead