Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1928-06-12

and municipal expenditures with the
corresponding rise In taxes were be-
ing felt.
ave have been favored with a long
continued era of prosperity" he said.
fortune has steadily risen. IL seems
not yet to have reached Its flood.
Measures and policies that contribute
20 a continuance Of good times
should be encouraged. Whatever
threatens 10 interfere therewith
should be discouraged.
Government Cost High
students Of business trends, ex-
perts in economic conditions, view
with alarm the continued advance IN
the cost Of government The cost OF
government in the United States, fed
cral, state and municipal in 1921 was
$4,000. 000. 900. In 1925 II had in
creased to silica. 600. 600. During
that period the national government
had reduced its expenditures by
S.. ZOO. O00. 900. In that period states
counties, municipalities and other
taxing agencies increased their
cost by $4,000, 0OO. O00- The year 1926
recorded another advance in cost TO
Sll .b0t ,OOo,OVO.
"This steady increase in govern
mental cost on the part Of the states
and municipalities is a menace TO
prosperity. II cannot be ignored. IL
cannot longer continue without dis
ester. 1t will not correct itself. \
can conceive no more dependable
guaranty Of genuine prosperity than
a nationwide effort in behalf Of less
and wiser spending by state and
local governments.
ALREADY the adverse effects of the
great increase in such expenditures,
with the corresponding rise IN their
taxes. arc being felt. With much
capital in the country. new invest
ments are showing a tendency 10 be
insufficient to furnish as good a mar
ket as we could wish for labor. While
no serious unemployment exists. and
the trend Of wages is still advancing,
If all the money that can be made IN
employing labor is going to be taken
away in local taxes. old n estao-
lished industries will attempt 70
struggle along. but new enterprise Is
not going TO be undertaken"
About the worst enemy OF the wage
Garner is government extravaganza
Mr.. Coolidge asserted.
another adverse tendency Is for
people TO take their money and use II
in speculation, which contributes
nothing to the sum Of our national
wealth." he said.
Turning to the fiscal affairs for
1929. the president declared that al
though the figures would indicate Q
deficit Of $94. 100000 he did not face
the year with any thought that the
budget would not be balanced.
1--WE must not have a deficit" he
asserted bluntly. 81 am counting on
the prosperity of business for an in
crease in receipts. | am counting on
YOU for a reduction in the amoun OF
your estimated expenditures. This
nation is committed irrevocably 10
balancing the budget. Nothing short
of n national emergency can trespass
upon that commitment. We are
facing the situation where the full
utilization Of the funds authorized
by the Congress may exceed our esti-
mated receipts. The duty is upon
US to see that U outgo does not ex-
coed our income"
The president gave the estimated
receipts for the fiscal year 1929 as
3 .70T. 000. 900 against estimated ex-
penditures Of $3.s01 goo, 1000. The
fiscal year now closing. he said,
would show a surplus in excess OF
$500. 600. 900.
In preparing the budget estimates
for 1880 for the next session Of on
rress. President Coolidge declared he
had tentatively fixed upon $780,
0o0.0O for expenditures. which he
said would be $50. 0O0, 900 less than