Evening star., 1932-02-22

The administration is putting its best
foot forward in dealing with the Treas
ury deficit. 1t has set up the budget
estimates on the most favorable basis
possible in arriving at the totals Of the
apparent deficit this year and next.
There is a darker side to the financial
picture. The two-billion- dollar figure
set by the Treasury as the probable to-
tai Of the current deficit on June 80
next takes no account of the l25 million
dollars appropriated as an emergency
contribution to the Federal Land Banks
nor the 500 million dollars appropri-
ated for the Reconstruction Finance
Corporation. With these items added
In and other emergency expenditures
in prospect, the current deficit is apt to
be nearer three billion dollars than two.
The 1888 budget estimates exceed four
billion dollars. Secretary Mills now
estimates that the 1888 revenues with
out new taxes will fall short OF ex-
penditures By sl,750 600 900. If foreign
debt payments scheduled for next year
fail to materialiZe. that will increase the
gap between income and outgo by a
further three hundred million dollars.
On that basis, as matters now
stand. there is total of about five bill
lion dollars this year and next to be
absorbed either by bond issues or by
new tax receipts.
Acting Chairman Crisp of the House
Ways and Means Committee and his
stalwart Democratic lieutenant on this
committee. the veteran Representative
Rainey of Illinois. are in disagreement
as to just where they are at with re-
spect to the forthcoming tax bill. which
mi ic fv,
ing we are in a wilderness" says
Chairman Crisp. and are trying to find
path out of it 1T is no wilder
ness" says Rainey. because if it was.
all We would need would be a COM
pass: 1t Is labyrinth we are in and
there seems to be no way out Of 1t
at all
Henry j. Allen, one-time Governor Of
Kansas. and veteran newspaper editor
and publisher, continues to be of the
highest persona grata" with the Hoo
yer administration. He was Mr. Hoo
vers first friend in Kansas in the pre-
convention campaign in 1928. when the
rest of the State was backing Charlie
Curtis for the presidency. After the
Kansas City convention he was in
Nted by Mr.. Hoover to be director Of
PuOllClty AOi Vic 1IcPuUllCdh NdtlOilol
Committee. After election, at the in
stigation Of his friend in the White
House, he was invited by the Governor
Of Kansas to represent the State in
the United States Senate. After the
termination Of a brief Senate career,
he was invited by the State Depart
ment to be its adviser in the St.
Lawrence waterways treaty negotiations
with Canada, and has been busy at
that job for some time. Last week he
was invited by Gen. Dawes, president
Of the Reconstruction Corporation. to
serve as his special assistant in charge
Of public relations. Gov. Allen now
observes that Il have found there are
plenty Of good jobs around Washing
ton for men who are willing to work
without salaries"
X X +
be IS years old next June and who IS
holding down q lucrative berth in q
Boston insurance Office and residing In
Cambridge, Mass. Is now out on the
firing line for his distinguished father.
and according to press reports u taking
leading part In launching q drive In
the Smith stronghold Of Massachusetts,
for pledged Roosevelt delegates Jimmy
is quoted as saying that in q pinch he
Is willing to run as q delegate at large
himself, pledged to vote for dad. He
is making speeches. holding conferences
and announcing plans and is in the
papers every day. All of which, ac-
cording to local observers, may or may
not be helpful to his fathers cause, so
far as Massachusetts is concerned Most
reports from the Bay State agree that
since the Smith statement the Demo-
Gratis there have Solidif1ed rapidly be-
meath the Smith banner.
4
Sol Bloom, director Of the George
Washington Bicentennial Celebration,
has Just circularized the newspapers Of
the country to say that the commission
is making a collection Of all feature
articles. supplements and souvenir edi-
tions dealing with the Bicentennial
He asks for four copies Of every news
pepper iagu0 containing such mAter1al