Evening star., 1934-05-15

has a profound effect upon the
confidence so necessary to permit
the new recovery to develop into
maturity.
Saw Upturn Assured.
"If we maintain the course I
have outlined, we can confidently
look forward to cumulative bene-
fetal forces represented by in
creased volume of business, more
general profit, greater employment,
diminution of relief expendi-
lures, larger governmental re-
ceipts and repayments, and greater
human happiness.
The budget which I submitted to
the Congress proposed expendi-
lures for the balance of this fiscal
year and for the coming fiscal
year which, In the light of expect
ed revenues, called for definite
deficiency on June 80. 1895. but.
at the same time, held out the
hope that annual deficits would
terminate during the following fis-
cal year.
1t is true that actual expendi-
lures since January have proceed
ed at slower rate than estimated;
nevertheless, it must be borne in
mind that, even though the actual
deficit for the year ending June
80, 1884. will be below my esti-
mate, appropriations are still in
force and the amounts actually to
be expended during the following
fiscal year will. therefore, be in
creased over and above my esti-
mate for that fiscal year. In this
connection it is relevant to point
out that during the fiscal year
1895 it Is estimated that there will
be actually expended on public
works 81 500. 900 900 out of appro-
priationS heretofore made.
Needs Continue.
In my budget message of Janu-
ary 3, 1884, it was pointed out
that there could be no abrupt ter
mination of emergency expendi-
lures for recovery purposes, that
the necessity for relief would con-
tine, and that appropriations
amounting to $3,l66 900. 900 in ad-
dition to the appropriations con-
tained in the budget itself would
be requested for the two fiscal
years ending June 80, 1885.
The present Congress has al
ready made appropriations out of
which for the two fiscal years in
question, it is estimated there will
be expended the following sums:
Relief ............. $3.50. 900 900
Crop loans ........ 4O00O,O0O
Farm mortgages 80. 10000 900
Reconstruction
Finance Corp. ..... 500 900 900
Veterans benefits. 22.OoO,OOo
Army Air Corps. .. 5000 900
Flood control MiSis-
sippi River. etc. $4,000 900
Independent Offices act 228,00O000
Miscellaneous supple
mental estimates =. 10000 600
Total ........sl ,844, 100000
This leaves a balance of Sf,322,-
O00,0O to be appropriated.
Specific Items.
Out Of this balance it is neces-
sary first to take the specific items
to be appropriated for:
Federal Land Banks
Subscription to paid
in surplus ......S7 SIS. 900 900
Reduction in interest
payments ......... 1880, 600
Emergency bank &C. and
gold transfer ...... 5000 900
Internal Revenue Serv-
Ice ............... 10 900 900
Salaries, Office of the
Secretary of the
Treasury ............ 100000
Secret service. $4,000
Total 500, ,095, 900
This leaves s1.225. eos, 900 avail
able for the following purposes:
Civilian Conservation Corps
camps,
Public works, and
Relief work. in addition to
amounts already appropriated. and
including aid to the dairy and beef
cattle industries.
1t is estimated that the minimum
requirements for the Civilian Con-
servation Corps will be s285 900 600
and that the amount available,
therefore. for public works and re-
lief will be s94o COS 900. A very
simple check-up of these fgTres
shows that they total SO ,166 900 900
to which reference was made in my
budget message of January 8, 1884.
Broad Powers Requested.
1t was my thought in January,
and is my thought now, that this
sum should be appropriated to me
under fairly broad powers because
Of the fact that no one could then,
or can now, determine the exact
needs under hard and fixed appro-
priation headings In furtherance
of this thought 1t seems appro-
pirate to provide that any savings
which can be effected out of GER
tain appropriations made for emer-
gency purposes shall be available
for emergency relief purposes.
In my Judgment an appropria-
ton in excess of the above amount
would make more difficult If not
impossible an actual balance of
the budget in the fiscal year 1886.
unless greatly increased taxes are
provided. The present estimates
should be sufficient as whole to
take care of the emergencies OF re-
lief and of orderly Unemployment
at least until the early part Of the
calendar year 1885 If at that time
conditions have not improved as
much as we today hope, the next
Congress will be in session and
will have full opportunity to act.
S1- I-T:~ou