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

and municipal expenditures with the
corresponding rise in taxes we're be-
ing felt.
ave have been favored with a long
continued era Of prosperity" he said.
Year after year the tide of good
fortune has steadily risen. IL seems
not yet to have reached it's flood.
Measures and policies that contribute
TO a continuance Of good times
should be encouraged. Whatever
threatens to interfere Herewith
should be discouraged.
Government Cost High
students Of business trends, ex-
nerts in economic conditions, view
with alarm the continued advance IN
the cost Of government. The cost OF
government in the United States, fed
eral. state and municipal in 1921 was
$4,000. 5000. In 1925 il had in
creased 10 SILICA, 100000. During
that period the national government
had reduced it's expenditures by
1000, 00o, 900. In that period states,
counties, municipalities and other
taxing agencies increased their
cost bv $500. 600. 900. The year 1926
recorded another advance in cost TO
vi .NWA stJNsN1Ns
"This steady increase in govern
mental cost on the part Of the states
and municipalities is a menace 70
prosperity. IL cannot be ignored. IL
cannot longer continue without ais
aster. II will not correct itself.
can conceive no more dependable
guaranty OF genuine prosperity than
n 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, are being felt. With much
capital in the country. new invest
ments are showing n tendency to 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,
il all the money that can be made IN
employing labor is going TO be taken
away in local taxes. old and estab-
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 1t
in speculation, which contributes
nothing to the sum Of our national
wealth" he said.
Turning 10 the fiscal affairs for
1929. the president declared that al
though the figures would indicate a
| deficit of S94. 000, 900 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. II am counting on
the prosperity Of business for an in
crease in receipts. ] am counting on
you for a reduction in the amount Of
your estimated expenditures. This
nation il committed irrevocably 10
balancing the budget. Nothing short
Of a national emergency can trespasS
upon that commitment. We are
facing the situation where the full
utilization Of the funds authorized
bv the Congress may exceed our esti-
mated receipts. The duty is upon
US to see that our outgo does not ex-
coed our income"
The president gave the estimated
receiDts for the fiscal wear 1929 as
3.707. 000,0 against estimated ex-
penditures 81 S3.s01 900. 900. The
fiscal year now closing. he said,
would show a surplus in excess Of
S400,0 00, 900.
In preparing the budget estimates
for 1890 for the next session Of on
gress. President Coolidge declared he
had tentatively fixed upon S3.700.-
100000 for expenditures. which he
said would be 1000. 900 less than