The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-11-18
Officials Busy on
Several Problems
Balancing Of Budget and War
Debts TangIe Occasion
Conferences
TAX RETURNS DlSAPPOINT
Opposition to Extension of Nor
atorium General Among
Party Heads

Washington, Nov. 18.-(P)-A med
ley Of official talk and conferences
Friday encompa!ssed the pressing is
sues Of war debts and a balanced
budget, subjects Of two momentous
white house conferences next week.
At the first, President Hoover and
President-Elect Roosevelt will discuss
informally Tuesday afternoon these
and other matters Of vital national
interest. An advisor, Secretary Mills
in the presidents case, will attend
each.
The second, scheduled for the next
morning; will give the chief executive
an opportunity to survey the foreign
debt problem with congressional di-
rectors Of financial legislation. This
parley will include the three ranking
Democratic and Republican members
Of the house ways and means COM
mittee and the senate finance COM
mittee.
These plans were announced by the
white house Thursday after tele-
phone conversation between Hoover
and Roosevelt, and during series of
conferences in budget matters be-
tween the president and such aides as
Secretary Hurley, Postmaster General
Brown and j. Clawson Roop, director
of the budget.
Deficit Over sos, OOO,OO0
Available for the presidents fiscal
studies were latest treasury figures
showing a deficit exceeding $709 ,000.-
600 Nov. Is. Also at hand were tax
data showing that despite improve
ment in October, collections for the
first four months of the 1888 fiscal
year were only -$358. 108.065 as COM
pared with 455,144.328 in the same
period year ago.
Activity on capitol hill was parallel
ing the white house consideration of
debt and budget matters. For one
thing, the house appropriations conf
mittee started on its annual Job OF
trimming down budget figures.
spurred by Chairman Byrns' forecast
as the first supply measure was tack
led that this years allowance for the
treasury and postoffice department
would drop considerably" below last
years of $1.056, 600, 600.
Also. the legislator continued to ex-
press determined views on the request
of Belgium, England and France for
q. further moratorium while their vast
debts are re-examined. Representa-
tive. Rainey, the Democratic leader,
who Immediately accepted Hoover's
invitation to confer Wednesday, ques-
toned whether a moratorium pro-
posal would get "a single vote from
the present house."
Other examples Of congressional ex-
pressions on debts included:
Opposition General
Senator Bingham (Rep., Conn.,: Il
am absolutely opposed to laying a
further burden on American tax
payers"
Representative Britten (Rep., 1ll):
IF the 10 principal European nations
can not jointly pay us the insignifi-
cant sum of $123 ,641 1893 Dec. Is, then
we should hold them in default until
they do pay"
Senator AshurSt (Dem., AriZ): "Un-
Gle Sam cannot reclaim the SPEND
thrifts Of Europe by filling their pock-
cts with money"
Senator Norbeck Rep., s. d.: II
voted against passing the debts over
last time"
Representative McFadden (Rep.,
Pa: Mr.. Hoover's moratorium has
just been repudiated at the polls"
The treasury's most recent tax sta
tistics, Of utmost importance in gaug-
ing all budgetary plans, showed that
between July l and Oct. 81 the gov
eminent had collected $632 $40 1853 and
had spent $l,34l ST., 900.
October's total collections of $780,
849, 1905 exceeded, for the first month
this fiscal year, last years correspond
ing month, which came to only $72,-
356O32. But continued declines In
old taxes largely were off-setting
small increases returned by the new
levies of the emergency billion dollar
tax law.