Evening star., 1933-06-21

Treasury finance in these days OF the
new deal presents some startling con-
| tradictions. On the one hand, 1t ap-
| pears that Uncle Sans ready cash
available for immediate disbursement is
| the largest in long time-weu over
billion dollars. On the other hand, the
Government closes its fiscal year on
| June 30 with Treasury deflclt OF close
to two billion dollars without counting
| another billion dollars Of cash paid out
| for the account Of the r. F. G. Were
| the latter to be included, the total
| 1888 deficit would be nearly three billion
dollars. On June 80 a year ago the
deficit for the preceding IL months was
| $2,885, 1867, 900, peace-time peak. Ihe
billion dollars advanced by the Treasury
to the r. F. G. Is now being treated not
as an Expense" but as an investment.
The President has announced that the
| 1884 budget Is "in approximate balance,
vet Government expenditures are being
doubled and trebled. Congress has ap-
propriated twice as much money for
| 1884 as for 1898. 1t is all very battling.
| II Is all q question of bookkeeping. Every
economy Is being matched with new and
| greater expenditures. Each Is being well
advertised as q virtuous accomplishment.
Jobs are being abolished on the one
| hand and multiplied on the other hand.
All Government expenditures are pass
ing through q separator, the ordinary
expenditures are in the budget, the
extraordinary" expenditures are outside
the budget. The administration Is TAX
| ing a leaf out of the book Of big busi-
| ness. Many a private corporation has
shown a handsome operating profit by
the simple expedient of throwing lot
of its expenditures into the category of
new construction" or capital ex-
penditures."
No Congress ever was quite so
smothered with bouquets as were the
solons who last week ended their titanic
labors In legislating the new deal. First
came the flowery message OF congratu-
lations from Mr. Roosevelt. This was
followed by Prof. Moley's syndicated
article extolling the skill, patience.
courage. conscience and intelligence OF
Congress. Last but not least are the
little personal notes of commentator
and gratitude from James M. Far
ley, the Democratic national chair
man. To his loyal congressional hench-
men big Jim writes: II want you to know
that I greatly appreciate the support
YOU gave to the administration pro-
gram. I feel certain the people OF the
| country generally realize that more
beneficial legislation was passed at
| this session Of Congress than ever be-
fore in the Nations history. For the
| part you played in these remarkable
accomplishments, I want you to know
that I am personally grateful"
The Herculean labors of Congress has
taken heavy toll on the health and
strength of the legislators. Repre-
sentative Bolivar Kemp Of louisiana
| died Of a heart attack en- route home.
Representative Edward B. Almon OF
Alabama. chairman Of the House Com
mittee on Roads and active IN Muscle
Shoals legislation, is Frustrated and In
critical condition at his home here.
Senator Walter F. George Of Georgia Is
| In the Naval Hospital for an indefinite
stay suffering from prostration and
overwork. Senator j. Ham Lewis OF
illinois has entered the Garfield Hos
pital to rest and recuperate.
| Washington is overrun with Job
hunters big and little. The greatest pie
rush in history Is now on-a rush not
univ for Jobs but also for contracts and
loans and bounties. But believe 1t or
not" the recipient of one large big slice
of pie, a Roosevelt appointee to mem
bership on one Of Uncle Sans largest
and most active business recovery
boards, carrying a ten thousand dollar
salary, has Just written to the Demo-
cratic Senator of his State for informa-
ton about the job and to find out
whether it is necessary for him to come
to washington and If so when to come.
The nomination Of this gentleman ur-
known to fame and little known even
in his own State was sent to the Sen
ate on the spur Of the moment in the
closing rush Of the session and he was
promptly confirmed. The appointee's
first knowledge Of the matter was when
he read the newspaper announcement.
It was a bolt out Of the blue. He had
'harbored passive aspirations for a very
different Federal post, but had not