Evening Republican, Volume 23, Number 215, Rensselaer, Jasper County, 6 September 1920 — CONGRESS SAVED BIG SUM [ARTICLE]

CONGRESS SAVED BIG SUM

Nearly One Billion Dollars More In U. .8. Treasury as Result of Appropriation Cuts. The present Republican congress pared appropriations for government expenses down to tbp lowest degree possible, in line with the Republican, policy .of introducing thrift and economy i n the United States by having the government set the example. By cuts in appropriations a total of $939,000,000 was saved. This saving. the government to use the lagt deferred payment of $1,000,000,909 on Victory notes, which were in - September, 1919, to retire ether government securities. The Victory notes were issued to meet 1 running expenses of the various departments of the government, hut the exercise of Republican economy tp.ne it unnecessary to use the proceeds of the notes for the purpose for which they were intended and ft was applied to liquidating other govern-