Evening star., 1928-12-05
Coolidge Looks
for Surplus of
90 Millions.
CURB EXPENSES.
CONGRESS ASKED
Air Development
Held Necessary
by President.

The eighth Federal budget
recommendations for appropri-
ations in support of all activities
of the Government during the f1s-
cal year 1880 to a grand total OF
$4,417,369,904 was submitted to
Congress today by the President.
Of this amount, however, only ST.
Ats, 1902, ,275.65 is for the ordinary
expenses of the Government, and
the total payable from the Federal
Treasury is So, ,672, 1855, ,904.67.
The President finds the expect
ed receipts of the Government to
be $50, ,576, 1872 in excess of these
proposed expenditures, thus pro-
ducing a balanced budget, to
which, he says, the Government
is committed irrevocably." He
warns against "any great ad-
ditional expenditures" and says
there is mo immediate prospect
of any further reduction in tax
rates"
Of the approximately four and
a-half-billion dollar total STAB
100000 is for the postal service
and payable from the postal reve-
nues. In addition to the approx
mately $2,5OO,OO0,000 for ordinary
expenses, the payment OF principal
and interest on the puoilc oeDt
amounts to 81 1893 ,067, ,629.O2.
Based on Expected Revenues.
The estimated surplus is based
upon expected revenues to a total
Of $3.84l .275, ,829, which is approx
mateIy $40 ,OO0, 900 in excess OF the
estimated revenue for the current
fiscal year. 49,
The French debt, flood control, the
n,ihiic building program, national ne-
fense and the air service are features
az the fiscal program to which uis
president in his budget message calls
narticular attention. He points out
That m August I, 1929, bonds OF the
French government amounting :. Uc
s40O 600 600 in payments for suppiies
this Government had in France at tne
close of the war will mature, in adol-
tion to which France purchased army
supplies amounting to $7,34l, ,l4o, que
in 1880. These amounts nave not peen
included in the budget because tney are
merged in the debt settlement agree
ment with France of 1926 to extend pay
nent of the French debt over perloo
of 81 years. If this debt agreement Is
ratified by France the Presldent urges
that the agreement be promptly rau-
fed bv Congress, but If the agreement
II NOT ratified the President advises
Congress that the money should be ap-
piled to the retirement of the war deot
and not used for current expenses.
The President places the fund for
flood control at $31 900, 900, which the
War Department has advised Is sum-
cient for expenditures in 1880, but II
further funds are required for TINS
purpose during the coming fiscal year
a further estimate will be submitted to
Congress, the President promises.
A public building program to the
amount of $433 100000. exclusive OF
technical buildings for air activities, IS
lone of the most ambitious and extern
sive building programs of peace-time
history" the President emphasizes.
The largest outlay in the budget Is
for national defense. total OF $648,-
51l,3OO for the Army and Navy during
Tie Il6At 1loCdA yCuA, CASA"1AFC "a Gal
non-military items, so that the total Is
for purely military purposes. Second
only to national defense Is the pro-
gram for care of war veterans, which
amounts to $597 ,375,0 900 for the next
year, which is an increase of $26,871, =
$40 over the estimated cost for the cur
rent fiscal year.
Proud Of Air Progress.
With a total of $14O, 1881 ,824 for air
service activities, the President calls
attention that the rapid and legitimate
expansion of the American air service,
military and commercial, "iS an
achievement in which we can all take
pride"
In summarizing the estimated re-
ceipts exclusive of postal revenue, the
President lists them as follows: Gus
toms, $532, 100000; income tax, $2,-
ITS, 100000, which is $10,00O,00O in ex
cess of the estimates for the current fis-
cal year; miscellaneous internal rev.
enue, $559, 100000 which is $18,500,000
less than the estimates for the current
year, and other miscellaneous receipts,
$525, ,295,829, which Is approximately
$4,000, 900 more than for the current
fiscal year. This makes the expected
receipts $3,84I ,295,829, as against S.
831, ,735, ,661 for the current fiscal year
and as against actual receipts for the
fiscal year 1928 of $4,042, ,348, 1863.
Balanced against this are the total
expenditures. including reduction Of the
public debt required by law to be made
from ordinary receipts, of $3,780, 719, SAT,
compared with $3,794,745. .469 for the
current fiscal year, and 1851, ,875.13
actual expenditures during the fiscal
year 1928. This shows an estimated ex-
cess of receipts for the coming fiscal
year of $50 ,576, 1872, compared with an
estimated excess of $36, 1872 for the
current fiscal year and an actual surplus
of $398, 1923, ,281.06 for the fiscal year
1928.
In explaining these efforts to produce
a balanced budget the President in his
message to Congress said:
1.-THE estimated receipts for the fiscal
year 1928, as given in the 1929 budget,
(Continued on Page Thirty-three.