The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1935-01-18
before the converting Of eongrssg3ol
70 Secretary Morgenthauss ofnce.

g the regular budget Of normal goy-l
erhmental expenditures. win not just1-
~ the administration In not raising
taxes. For while It IL an easy book
Keeping method to day that this or
s.nat Item, say Of public works or re-
uef. Is extraordinary, and therefore
snonld be financed by the sale OF
bonds instead Of BY taxes. there arc
other complications.
In the rule laid down BY President
roosevelt, when he sent his first bud
get message, interest and sinking fund
must be counted In the regular budget,
though the sum on which they are
calculated may be- regarded as belong
ing IN the extraordinary budget.
Total Is Mounting &
Although there has been consider
able saving in interest charges, due to;
the low rate of interest the govern
ment has had to pay, the total II
mounting. and It VIII be recalled that
up to now the budgets Of this admins
tration have eliminated sinking fund.
This was done on the theory that dur
ing an emergency there was no point
10 saving up to pay OF debt
q But 1t is obvious now that the APP
preparations. for public works. to prime
the pump Of business recovery, and Of
relief to keep people from starving
and freezing, are not going to; de-
crease In the coming session. In all
human probability they must be In
creased. And while they are still re-
garded as emergency appropriations.
and therefore to be financed by bonds
Instead of taxes. there Is growing
belief that the relief appropriations
are never going to shrink to any figure
which was thought normal a few years
back-even two years back. i.s 5
u For it is now clear that relief Is to
be with the federal government always.
the effort to make the local political
units, states, counties and cities. take
over their own problems to the con-
trary Notwithstanding.
And It Is plain TO the experts who
have been working on budget figures
under Morgenthau's direction that the
present flow of receipts from taxes Is
mot, sufficient to carry what cannot
much longer be regarded as an emer-
gency load. but which must soon be
classified as normal load
In addition. there Is fast approach
ing a time when sinking fund require
ments can no longer be deferred. It
has been hoped that sufficient re-
vival of business would result In boost
ing tax receipts to a sufficient extent
to take care Of this. But hardly to
take care Of the Increased normal load.
About Public Lands
The old public lands question has
been completely reversed apparently
since the dawn of the New Deal. In
former administrations senator's from
the western states complained bitterly
and often about the fact that the fed.
erai government owned vast tracts Of
their land. which as result were un-
developed. produced no taxes, and
therefore added to the burden Of the
state government The net result.
they insisted. was that their taxpay-
ers were unjustly assessed. y
n Now It is a southern state which
protests mot against federal govern
ment land now held. but against the
acquisition of government land. which
will thereupOn pass out Of the taxing
base Of the state. y Hi
In a recent telegram to Forestry
News Digest. governor Talmadge OF
Georgia says: i; *
ssfhe federal government, according
to reports. is spptioning large areas
of land In Georgia for purchase, the
area reaching into hundreds of thou
sands OF acres. II any Of the agencies
or the state are, consulted about much
Of this federal land acquisition pro-
gram, It, Is not known to me. From
such Information as drifts In, It seems
that options are being taken on sub
marginal lands, largely forest land and
abandoned farms that are now In con-
dition to use only for growing trees.
II this land goes to federal govern
ment ownership It is removed from
state taxation, removed without the
state being consulted. 81 e y,
II certainly do not want land own
ers Of Georgia to have to compete with
the federal government In growing
timber or In producing naval stores,
with the federal government using