, 1935-01-07

WASHINGTON. Jan. Y. IRy-The
text Of President Roosevelt's bud
get message TO congress Monday fol-
lows.
To the congress of the United
States:
The budget OF the United States
government for the fiscal year end
ing June 30. 1886. Of which this
message L. definitely a part. Is trans
mitted herewith for your considera-
ton. II deals principally with the
moneys carried IN the general and
special accounts of the government,
which constitute the great bulk OF
the general fund. as this fund Is
shown on the first page OF the
daily treasury statement. The re-
mainder OF the general fund con-
sists mainly Of moneys carried IN
trust accounts, which are not strict
" government moneys, and there
fore enter only incidentally into the
financial picture presented by the
general budget summary.
Review Of the Fiscal Year 1884
The total expenditures OF the
government for the fiscal year ended
June 80. 1884, az shown in the gen.
eral budget summary and support
ing schedules, amounted to $7,l05,-
100000 in round figures. OF this
amount, the sum Of 81 .086 ,000,O 900
was spent for the operation and
maintenance OF the regular depart
mentS and establishments OF the
government, $3.50. 100000 to meet
veterans pensions and benefits,
$T57. 600. 900 for interest on the ma
tional debt. ss60.O00.0Oo for statu-
tory debt retirements, and S63.0OO,-
900 for tax refunds, making In the
aggregate s2.822. 900. 900. The re-
mainder OF the total expenditures
for that year. amounting 10 A,283,-
100000. was spent for recovery and
relief. The general purposes to which
this amount was applied r set
forth In detail In supporting sche-
dule No. 3. II will be een that this
amount was expended approximate
~ ms follows:
Agricultural aid S847 .O00,0
Relief si.s44.4oo!O00.
Public works 1858 SOC. 900.
Aid to home owners Q 4,900.0 900.
Reconstruction finance corpora
ton s5S4.600 900.
Miscellaneous sl5s,6o0.o0
Total s4.2s3 100000.
Part Is Repsyable
"A part of this expenditure OF s4.-
$50. 100000 for recovery and relief II
repaysble; indeed, substantial re-
payments have already been made
TO the government. Loans amounted
to $T32. 100000, and subscriptions 10
capital stock and preferred shares
to S626. 000. 900, making a total OF
Sl,558.O OO. 900 which may be regard
ed as repayable expenditures made
during the fiscal year 1884. The
part regarded as non-repayable
totals 81, IT'S. 0O0,O This sum has
been spent mainly for grants. aids.
public works projects, and admin
istrative expenses.
The total receipts OF the govern
ment for the fiscal year 1884 reach
ed in the aggregate $3,ll5.500.000. OF
this amount 50. 640.600.000 came from
internal revenue. 1913. 400. 900 from
customs, sl52, 100000 from miscel-
laneous revenues. and $8.9O0.O 600
from receipts due TO the realization
upon assets. Income tax supplied
s8i8. 000. 900 of internal revenues;
miscellaneous taxes E. G., estate.
capital stock. liquor. tobacco. stamp.
and excise taxes, sl,469. 100000. and
processing taxes. 1858. 000. 900. Since
the processing taxes are appropriat-
ed for the use OF the Agricultural
Adjustment Administration, their
total should be subtracted from the
aggregate receipts shown above in
order to arrive at the general re-
ceipts Of the government.
The general receipts $2.762r 500
600. excluding processing taxes. ap-
proximately equaled the regular ex-
~penditures for the year, a fact
which should be duly recognized.
The deficit nj the end OF the fis-
cal year. 1884. as shown in the
general budget summary. was S.
o89. 500.O 900 in round figures. After
deducting 1855. 900 900 for statutory
debt retirements during 1894. the
resulting net deficit financed from
borrowings was s3.629. 6O0.O 600. The
gross increase in the national debt
amounted s4.5i4.4 1000. making a
total debt OF ST.. 053 600. 900. as in
dictated In supporting schedule No.
6. This addition to the debt during
1894 included the financing OF the
net deficit OF 1893. SOC. 900. and an
! increase OF sss4.5oO.0 900 in the cash
balance of the general and special
accounts. as shown in supporting
schedule No. 4.
The Economic situation