Evening star., 1925-05-19
S85,359,693 SAVED 9
IN FEDERAL COSTS
Ten Months Ordinary Ex-
penseS, However, Higher !
Than in Previous Period.
BY CHAS. p. SHAEFFER.

Gross expenditures Of the United
States Government for the first 10
months OF the present fiscal year~-
which ends June 80, amounted TO So
ST,lT ,935, saving of $s5.359sq3
over the corresponding period Of last
year. according to detailed Treasury
report. Ordinary expenditures how.
ever, amounted to $2,j66, ,424S21. an
increase Of S42, ,419 1893 over the same
10 months of last year.
Public debt retirements chargea bic q
against ordinary receipts in the fisca1a
year ended june 80 last namely. the
sinking fund, purchases from foreign
repayments and purchases and retire.
mentS from franchise tax receiptSer
were considerably larger than during
the current period, thus enablir,> the
Government to effect the net SAVINGS
thus far.
General expenditures during the
hrst ten months OF the present fiscal
year ran comparatively even as com
pared with last. requirements of the
department of Agriculture were aboIu
S2b,oOU.OOO more than in 1894 while
the Navy Department, War and the
Dlstflct OF Columbia claimed increases
or Sl5 100000, SIG, 1000 600 and So .OO0:
600, respectively. These we're offset
TO degree, by reductions Of S22 600
600. $4,000, 600 and So 600, ,OO0 bv tlp.
United States Veterans Bureau. The
Interior Department and the Treas-s
ury, respectively. il
Gas Stock Advances.
Stock of the Washington Gas "a.
essayed an advance on the local eA.
change this morning, the rally dyingy
however, after 20 shares changer
hands at 81, a gain of one point over
the previous close.
The session was decidedly duB,-
Trading was confined to a minimum
OF issues, with small-lot sales. Ten
shares of Traction brought 80 "a. while
the per cent bonds of the Washing
ton Gas Light Company brought pa1a
me small denominations of Gas Gs
sold at 102, and Potomac Electro
Power 6s changed hands at 1O6.
National Bank Assets. Ls
Combined assets of national banks
OF the Nation amounted TO S23.S32,..
4IS,OOO on April ., last. date of the
last bank call. This figure represents
gain Of $I,769, ,575, 900 in the last II
months.
Every phase of national bank opera
tions showed huge increases. Ioans
and discounts of the group total. .gi,
slZ, ,+68, $780, 900, gain of more than
half billion dollars. while total de-.
post liabilities amounted To $l9.362!s
f,Oue. an increase of $lTS425l 0OU
over deposits year ago.
Statistics reveal a slight decrease
IN the ratio of loans and discounts
TO total deposits by comparisons OF
the last call with the call of March
81. last year. On the call this wear
| the percentage of loans and dis,
counts TO total deposits was 64.S3.
compared with 67.92 on the date 6f
the corresponding call last year.
Roads TO Spend Big Sums.
With traffic constantly establishing
new high records. railroads of tie
United States are preparing TO make,
large outlays this year for road i'm
proVement and new equipment. 80
Figures made available here by the
American Railway Association today
placed the approximate expenditures
Tor 1879 on class one carriers for
these purposes at $750000. 900, iIl-t
cluding S410.000,000 authorized bu7
not expended last year. More than
$l57 100000 already has been spent
this year, the figures indicated ~
The totals compare with SS74,743.-
600 expended in 1924 and $1.059, ,l49,s
| 600 in 1928, by the same roads.
New Efficiency Records.
! Operations in 1924, the association
asserted, were accomplished with the
greatest efficiency on record, the cost
being S per cent less than in 1925
! Considerable saving, it was asserted,
was made in the more efficient use OF
coal, S39.022 600 being conserved in
| this manner alone. Payments SIl
damage claims by class / carriers
were placed al S41.3S1 900. u decrease
compared with 1920 of STS,452,l27. i
The railroads asserted they had re
turned a large part of the benefits
from increased economies to the publ
/ lie in the shape of reduced freight
rates in 1929. this item being placed
at $61S,00O, 900, as compared with
| 1921 rates.
| Return on property of the roads for
! the first three months of 1926 was
| given as 4.4S per cent on what the as.
sociation termed actual value" and
| as 5.21 per cent on the Interstate Com.
merce Commission tentative valuation.
| This compared with 4.6l per cent and
I 5.S3 per cent, respectively. for the first
| quarter last year. n
J The association declared that from
| whatever angle considered the rail-
roads have not been and are not now
] adequately compensated in terms Of
net operating income and rate of re.
! turn for the transportation SerV leo