Evening star., 1930-12-07

total decrease Of activities from 1923
Of from Is to 20 per cent.
The total of those wholly out of en-
ployment seeking work was determined
by the April census to be at that time
about 2,500,000. The Department Of
Labor's investigations indicate some
improvement since. The average price
Of farm produce Is only 80 per cent Of
that of 1928, but the situation Is really
desperate only as to wheat and cotton,
which have slumped to so; for other
commodities the average Is "a. And, in
perpending our woes, we should COM
pare. So doing we shall find that "the
price levels OF our major agricultural
commodities are higher than those in
other principal producing countries"
Note Is taken Of the severe drought
and Of the measures in the ease, as re-
duction Of railway rates and extraordi-
nary credit facilities extended by the
Federal Farm Loan Board.
The President briefly reviews the
fiscal situation. A surplus of about $123,-
600 900 was originally estimated for
the current fiscal year.
Present estimates by the Treasury
and Bureau of the Budget indicate a
fall in receipts below the original esti-
mate by about $430, 100000 ($75, ,000,-
900 due to tax reduction, 1856, ,000, 900
to the depression).
Moreover, legislation by Congress
since submission Of the budget, by way
of construction work in relief of un-
employment, for increase in veterans
services, etc, has increased expenditure
beyond original estimate by about
$225, ,OOO, 900. Add these items together
and you f1nd the budget conduction in
ferior to the original estimate in a sum
OF about $655, 100000.
However this large sum is offset by
the original estimated surplus of about
$123, 900 900 by the application of $685.
100000 Of interest payments upon the
foreign debt to current expenditures by
arrangements Of the Farm Board
through repaymentS, ETC., in conse-
quence Of which they reduced their net
| cash demands upon the Treasury by
about $100, ,000,0 900 in this period and by
| about SGT, 600, 900 in economies and de-
ferments brought about in Government,
thus reducing the practical effect of
the change in the situation to an esti-
mated deficit of about $3.50, 100000 for
| the present fiscal year."
The President recommends compile
ton in short session of practically
completed legislation in respect to Mus
Gle Shoals, bus regulation, relief of con-
gestion in the courts, reorganization of
| border control in prevention of snug
Cling and law enforcement of the Dis
trict of Columbia"
Here are, said the President, "a
number of questions which, II time does
not permit legislative action, recon-
mend should be placed in consideration
by Congress, perhaps through commit
tees, with a view to preparation for
subsequent action" among which he
cites the following: Effective regulation
of interstate electrical power, railway
! consolidation; the working Of the anti
trust laws, an inquiry being indicated to
determine If certain evils incident to
such working can be remedied without
| sacrifice of the fundamental purposes
of those laws; the income tax on So
called capital gains, an inquiry being
indicated to determine whether or no
they have reason" who contend that
the effect of the tax is to enhance
speculative infiationS; revision of the
| immigration laws, care Of veterans and
Social service, particularly In respect of
the health of children and the stamp
| ing out of communicable disease.
The tone Of the message Is emphati-
cally hopeful. "Our country Is today
stronger and richer in resources, in
| equipment, In skill, than ever in its
history. We are in an extraordinary
degree self-sustaining. We will over
come world influences, and will lead the
march Of prosperity as hitherto"
DIR. Miller Reese Hutchinson, famous
inventor, especially Of electro -mechani-
cal devices, announces the invention OF
an instrument which, according to his
claim, win ''eliminate the deadly fumes
If carbon monoxide gas from city streets
increase the efficiency of airpIanes more
than one-third, and save the Nation
more than billion dollars annually by
way Of conservation on fuel" Tue de-
vice weighs only about q pound md a
o dial an analysis OF the exhaust aRses