The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-07-01
COOLIDGE ASKS
EXPENSE CUT +,
IN NEXN YEAR
Continued from page one

y Continued from page one.)
finally balanced. The surplus ac-
cumulated at the end of each of the
last three fiscal years has been 40
piled to the reduction of public debt
in addition to the reductions re-
quired by law under the sinking
fund and other acts. Without the
aid of this recurring surplus the
public debt would be $1,1OO,0OO, 900
more thar it now stands, and the
interest charges would be some $45,-
100000 greater next year than we
shall now have to pay.
.s"Along with this. reduction in ex-
penditures has gone a progressive
reduction of the public debt with
it's attendant relief from the burden
of interest. On June 30, 1921, the
public debt was $23,976 100000. In
1922 it had been reduced more than
81 .000, 100000 to $22 1854 ,OOO, 900. In
1923 it had been reduced more than
$500, 100000 to $22,349, 100000. In
1924 it has been reduced again by
more than $1,OOO,0OO,O 900 and stands
at an estimated amount of $21,254,-
100000, which is reduction in three
years of 2,722,OOO,OoO and means a
saving of interest of more than
$12O, 100000 each year.
"This shows that the intensive
campaign which was commenced
three years ago has been waged
unrelentingly. In this campaign we
have had the active cooperation and
support of the congress. The three
budgets presented by the chief eyec-
utive to the congress have carried
drastic, progressive reductions in
their estimates for funds. Congress
has adhered to budget procedure in
appropriations granted have been in
harmony with the financial program
Of the chief executive"
His Estimates
The president announced that he
would submit estimates of not more
than So, 0OO,0O0,0O0 for expenditures
in the fiscal year beginning July,
1925. He fixed that figure as the
maximum and instructed the Off
GERS under him to find way to cut
$83,O0O,OOO from the present esti-
mates which, are of a preliminary
character and call for appropria-
tions or $3,O83, 100000. ii.
of this cut is made, Mr.. Coolidge
said the surplus for the year covered
by those estimates would approx
mate $10s,0O0,OOO. He added that
he had faith in the ability of the
administrative heads to accomplish
the purpose.
"We are setting the example for
reduction in the cost of government
and for return to ordinary peace
time conditions" he continued, with
emphasis.
"There can be no faltering. Our
duty is plain. As we have progress
ed in the last three years, so we
must continue"
"When we met six months ago."
Mr.. Coolidge said, II stated to you
that this fight for economy had but
one purpose-that the benefits would
accrue to the whole people through
reduction in taxes. Taxes have now
been reduced. While our immediate
need is for tax reform, as disting-
uished from tax reduction, we must
continue this campaign for economy,
so as to- make possible further tax
reduction. 5-' ~ .u .t, ~
eve owe this to the people of our
nation, to the people who must pay
with their toll. The relief which
has recently been afforded must be
only the beginning. So in all your
efforts, in all your sacrifices. YOU
must bear in mind that you arc MAX
ing them for the people of our coun-s
try. There could be no nobler cause
or one showing higher patriotism.
Bear in mind always that we are
here as the servants Of the people.
and that only as we serve them we'll
and faithfully shall we succeed
"This insistent demand for econ.
omy and reduction in expenditures
necessarily requires efficiency Of ,ad-
ministration. So - If there is
any question as to the authority of
heads Of apartments or establish
ments to discontinue or reduce any
phase Of existing work, it is my de-
sire that they report the matter to
me. The duty and the opportunity
today of the governments admins
traitors is not to enter upon lew
fields Of enterprise. On the other
hand, 1t is their duty and oppeStun-
81, - oo~rx, m onurnvoI o~l xooao