Evening Republican, Volume 23, Number 222, Rensselaer, Jasper County, 14 September 1920 — THE DEMOCRATIC ADMINISTRATION NEEDS $400,000,000 MORE [ARTICLE]

THE DEMOCRATIC ADMINISTRATION NEEDS $400,000,000 MORE

The secretary of the treasury to offering, two new series of treasury certificates, Aggregating about 000,006, it 5 3-4 and 6 per Cent. He ■ accompanies his announcement to the. banks with a circular letter giving interesting information on the conditions of the United Stater treasury. The letter reveals the firsr two months fise cal year "the ordinary receipts of the governmept amounted to $628,767,191.13, while ordinary disbursements were $754,072,901.76, a rent deficit of $125,305,710.63. This deficit, lit is explained, w due to cash payments made necessary in connection with the- return of the. railroads to private control. The gross debt of the government on Aug. 31 is put at $24,824,672,123, as against $24,299,321,467 on June 30. ' The gross debt is higher Ulan it was two months ago. The current expenditures are higher than ordiqpry receipts.! This to our financial situationunder a Democratic administration, nearly two years after the close of the war. PaySM 4® roads was ruri up while the railroads were under the control of this same administration. Do the voters who are worrying about" campaign fund charges want to leaye the administration of our national finances in the. hands of • Democratic * administration?—Chicago Tribune.