Evening star., 1925-01-27

Eighth Regular Meeting.
Members of the Governments busi-
ness organizations: This is the eight
regular meeting of the Business Or
ganization of the Government These
meetings are probably unique in the
history of nations. We have found
them to be most profitable. They are
necessary to the conduct of the busi-
ness of the Government In a business
way.
This fiscal year will mark the
close Of four years of effort to reduce
the cost of Government. How sue
cessful these efforts have been can be
summarized in very few words. In
the fiscal year 1921 we spent S5,538,-
100000. 1t is estimated that we will
spend this fiscal year S3,534 900, 900.
This Will show a reduction in our
expenditures of s2,0O4,0OO,O0o.
THE four years will show a reduc-
tion in the public debt of approxi-
mately s3.19S,O00. 900. This means a
reduction in the annual interest from
1899, 100000 to SS65, 100000, a saving
of $134, 100000 each year. In the same
period of time the people have been
benefited by material reduction in
taxes Of about S2,000.O00, 600 yearly.
This Is certainly an enViable record.
IL is a record in which the executive
branch of the Government shares
credit with the legislative branch.
General Economy Pledge.
THE Chief Executive is pledged to
economy in the requests which he
makes upon Congress for funds. This
pledge has been kept in the several
budgets. In it's consideration of these
budgets the Chief Executive has had
the support OF Congress. AS / am
pledged to economy in my requests
for funds SO are you pledged to
economy in the expenditure of the
funds which may be granted by Con-
gress. No longer are the funds ap-
propriated by Congress regarded as
the minimum amount which is to be
expended. Every dollar that is saved
by careful administration adds to the
amount by which taxes may be re-
duced in the future. It Is practical
economy which I have in mind and
which we must practice. had
rather talk of saving pennies and
save them than theorize in millions
and save nothing.
The people OF this Nation have been
not only patient under the heavy burden
OF war taxation, they have been heroic
Their burden of taxation has been great
ly hghtened, but our fight must be for
further reduction of the burden of the
people This campaign for economy has
no other object. So far as it is within
my power l propose to continue my ef-
forts for economy in Federal expendi-
lures. What we have done must be con-
sidered only the beginning.
Urges Further Reductions.
I'VE have proven that we can reduce
the cost Of Government, and I propose
that this cost shall be further reduced
In this effort I look to you for loyal
ctfrr ,Nrf ~;
tonight carry with you a pledge to bend
every effort to carry on your activities
with less money. Take with you the de-
termination to guard against each and
every unnecessary expenditure. Take
with you the determination to close the
year with unused balances Of appropria-
tions. These are efforts in which you
should take pride.
Sacrifices will be required. I want
to see the sacrifices of those who are
charged with the expenditure of the
money of the Government somewhat
commensurate with the sacrifices that
have to be made i'll the home by the tax
payers who furnish the money for the
Government. If you are IN doubt as to
the wisdom Of such sacrifices resolve
the doubt in favor of economy. l am
speaking to you in the interest of the
taxpayers. Their interests are our only
interests It Is our duty to serve them
and serve them well and faithfully. They
are the main support, the chief and only
foundation of the economic system of
this country.
we can best serve them by reducing
their burden of taxation. If you become
weary under this constant call and pres
sure for economy think of the bene-
ficiaries Of your efforts. Think how
they have borne uncomplainingly their
burden. This will hearten you to re-
newed effort, Our Nation IS prosperous
It's prosperity is due largely to the econ
omy which has been effected in the cost
of Government 1t Is this economy that
has encouraged business, abolished un-
employment, made wages high and work
plentiful. It is this economy which has
enabled US since 1921 to reduce our pub
lie debt so materially. 1t is this economy
which has enabled the reduction in
taxes.
Cut of Sc, 900, 600 Asked.
TT is estimated that our expendi-
lures this fiscal year, excluding postal
expenditures, will amount to 1854
100000. Included in this estimate is
SAT-, 100000 required by law to be
applied to the reduction of our ma
tional debt. It is my desire that our
expenditures this year, excluding
this amount for the public debt re-
tirement, be kept within three bill
lion dollars. This will require a cur
tailment of our expenditure program
by s62,oo0,OO0.
with your full cooperation 1 be-