Madison County Democrat. (London, Ohio) 19??-1958, 1950-10-03
Asks Reduction
In Expenditures

The Federal Administration was
earnestly requested Saturday by
the Ohio Ciialnoer OF Commerce
TO take the moral leadership with
the people in reducing unessential
expenditures and practicing econ
olIIy in domestic operations.
he appeal was timed with the
increase ot taxes OF 70 per cent
On Individuals and corporations,
October /. Deductions Tor the
new taxes are To be made in pay
checks tor the period starting
October l.
Next to satisfactorily conclud-
ing the Korean war and future
Strengthening our national de-
teEse, reduction in unnecessary
CIVILIAN expenditures should be
the Federal governments No. l
JOB, Ohio Chamber President c.
4. Weaver stated.
'Ohlo business is appealing to
the PRESIDENT himself for the
government to take leadership on
ccoIiuily IN non-uetense spending,
he salu. "A letter casrying this ap-
peal has been addresseu TO tresi-
uent Harry s., Truman.
Citing President Iruman's radio
address u the country, September
., urging citizens to exercise
''patrIotlc sen-restraint In the
spciiulng oI household and busl-
ness Iunds,' tiie Ohlo Chamber
oIIiciai pointed To the equal OPP
portunlty lor elimination oi uI-
iiecessa. y spending Ill tile house
iloIu VI re4erai government.
he puDuc Sta.cIilent or the
Onlo LusniesS 4saiil1dlluu ac-
co4lpanieu It's IauuIatiOn OF Tie
new rcueral buasel, wIlicil 1t
termed Tie final pux score" Oh
looI appropriations, amounting 10
%oo, wv just approved ny
Congress.
4n Iour noE-military depart
nients aioiie, the appropriations
ior IJol, representing an Increase
vi nioie liaii Sl,uOJ,UoU,OUU IN
lnlee years, acco.uiiig To Tie an-
aiysis. .lese are Interior, Justice,
anu POST Office departments ANA
.olps vi Engineers.
49, ~ ue.aaA A.-.aiiclal outlays
by next June, I0oI, lne ONO
Chamber estimated tuat out Of tic
entire. puugetaiy authorizations VI
S5S,639, ,UUu,UUU the federal
suvernnieiit Will have spent $I.,-
ooo,oU.,.ou haru cash. Aiic Ic-
manning $Il,UuU, ,GUu,uOU viii he
avdiidDic ior spending III auLsc-
quenl years.
wli.i the newly imposed taxes,
the estimated incOnie for the lis
Cal Year Juiy |, 1890, 10 June ~,
1901, Will De Only pho, ,Uuu, ,UUu,
IL was sdlu, Icas ilils d cash ue-
liclt vi p4,ouU,UuU,uoJ III piospecI,
" De aoucu To TIE aiIrauy stdsEci-
ing iialioiiai debt vi 9<oo,uuo,oou,-
wv.
Inc business organization con-
tcilus that liie iiiul.ated ueiiciI VI
$4,UuU, ,UUU,uUU shoulu he suDstan-
llaIly reuuceu by government
economy measures, just as iiiuivi-
uualS must now ecoiioiIii1e lu pay
iiie liew taxes.
The prospective deficit might
We'll TIC eliminated by ecolioiiAcs
III Federal CIVILIAN operations,
SHOWING tle people how IL le-
uuce Va eiliiil.dlc ueticlls Iii tiieii
own alIulis, Tie statement Saiu.
le.c 40 .aiiiRic Oppor tiiinty Ior
government to set All exanlple III
ieauersnip 1Or careful nusuanu
Ing oi resources by business and
-...1ens al large"
As taDuiuteu by the Ohio
CiiainDer, tie appropriations
authorized by Congress III lile
i..~ uuugtt follows.
General purpose including reg
uiar naiiitary pJo. .5o4, ,uUUUUU, III
lereSt OIL uebt anu other liked
charges 30, ,545. .UUu.oUg. Additional
because oi Korean war $l1, ,l56.-
UUU ,UUU.
Total authorized $58, ,659, ,00O, 900.