Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-06-11
Executive Commends Budget
And Guarding of Expenditures

| find encouragement to continue our
efforts in their behalf.
AT these meetings we have for
consideration our operations for three
fiscal years. First is the current year,
| fast drawing to close. With less
than three weeks remaining we are
practically assured of surplus OF
about $3.50 100000. Our expenditures
will be less than last year. We have
not only held our position but have
made an advance. There is cause for
enormous satisfaction. I realize the
tremendous contribution you of the
Federal service have made toward
| bringing about such a successful re-
suit. This meeting Is the sixth mile
stone, marking increasing progress.
| Our main consideration tonight, how
ever, is next years business and plan
ming for the year to follow-the fiscal
year 1929.
| "We are about to start a new year,
| for which you have your appropria-
tons. They represent the peoples
money collected by the Congress to
run the Government. It Is your duty
to see that these moneys are wisely
spent. Those responsible for any
waste Of these moneys, those who by
| lax administration fail to conserve
/
are not operating for profit in the
commercial sense of the word, but
we are operating for the profit Of the
| people. The success of our opera
lions is measured by the contentment.
| the prosperity, the enlarged oppor-
| tunity of the people. Because of this
our responsibilities assume higher
and more sacred character.
Not Concerned With Income.
"In carrying on the business for
which you have your appropriations
you are not directly concerned with
however, have a direct influence on
the subject of income. To the extent
that you conserve your appropria-
lions and wisely plan your operations
we shall require less money from
the people. This is no time to advo-
cate expansion in expenditures. The
normal growth of the Nation will re-
quire additional OUTLAWS, and our eff
forts should and must be to absorb
| these by more economical administra-
ton. This means scientific business
management, and 1t has been demon
strated that the budget system makes
this kind Of management possible.
10 perfect our business organization
land have it yield more and better
service for each dollar spent must be
our aim. The object back of all this
| is to take a minimum of the peoples
money consistent with giving the
service to which they are entitled.
We have already made stupendous
progress in this direction.
1.-THE indications today are that our
income for 1928 will be more than suf-
| ficient to cover our estimated expendl-
lures. The forecast Is that 1t will
| leave us with substantial surplus
estimated at around $338,000, 900, as
against about $3.50, 100000 anticipated
| for this year.
"The fact that this surplus of about
| $599, 100000 is in excess or the amount
estimated in the Budget transmitted
| to the Congress December 8, 1926,
might well, in the absence of explana'
| ton, lead to the belief that our reve-
| nues have greatly exceeded out eX-
pectations. Such is not the case. Inc
estimated aggregate receipts on ac-
count of customs and internal reve.
| nue. as set forth in that budget were
| S3,426, 485, 900. The latest estimtes in
dictate that these receipts will be
| SO, 442, 000, 900, an increase OF but $l5,'
| SIS 900. In other words, in estimating
revenues from large variety OF
sources, amounting to almost three
and one-half billion dollars, the Treas.
ury, based on present estimates, erred
by less than one-half of 1 per cent.
The reasons for the gratifying size
of the surplus must be sought else
where. On the side of receipts there
| is a moderate increase in credits from
the sale of capital assets, such as
railroad securities. On the other side
of the ledger ordinary expenditures
will be approximately 500. 100000 less
than expected. This includes about
sec. 900 .OO0 postponed to next year be-
cause of the failure of the second de-