Indianapolis Times, Indianapolis, Marion County, 9 January 1945 — Page 3

N.9, 1085 | MERIT E URGED | rit system to- i

a number of § esigned. to |

AWS,

tv. Danville) is

a report next 3

of the welfare d recently by tee headed by eyer (R. Indient merit sysective, It among other

as evidence of I arged without |

eir recommenluded in pend-

mittee 14 ex-

all phases of employment, harge of state ubmitting ite y next week:

ded by Senator f

“This Ta

-

»

Direct taxes on * individuals Direct taxes on corporations (a) Excise taxes Employment® taxes Customs

ceases

Total Receipts

tion for federal ol

fund .....

- (od

low (b) (€) ...... Interest on publ debt c.eeivaneeee Refunds .....0000:

ERY

* "TUESDAY, JAN. 9, 1545

ble Compares Budget With 1944 and 1945

“«, WASHINGTON, Jan. 9 (U. P.).—Here is a-budget bureau table summarizing its estimates of federal receipts and expenditures for ‘the fiscal year 1046, starting July 1, 1945, and comparing them with actual figures for fiscal 1944 ard estimated figures for the current fiscal year (1945):

Misc. receipts ....... 2919,422,000

os 1946 WORLD BANKING

Deduct net appropria-

and survivors insurance trust

Net receipts, genéral and special accounts 41,254,872,000

War activities (tentative estimate for 1046) (See also gov- ' ernment corps be-

RECEIPTS Estimated, 1946 Estimated, 1045 Actual, 1044 At Early Date. : 3 WASHINGTON, Jan. 9 (U. P.).— = 600,100, 20,290,365,711.84 » Jan. § $15,631,700,000 $18,900,100,000 $ President Roosevelt declared today .. 16,263,100,000 17,042,600,000 15,255,964,750.07 [that the need for international in- . Bass 5564,090.000 $300 SNA vestment is already becoming acute, us 2,066 200,200 3,55 S000 '431252.168.24 especially in liberated countries. He pty 3.283,085,000 3,280,§50,524.96 called for congressional ratification of agreements reached last July at .. 42,854,752,000 47,022,775,000 45,408,442,028.00| the Bretton Woods monetary and . t financial conference. d- a . These agreements provided: for “5 establishment of an international i monetary fund and an international 1,599,880,000 1,293,060,000 1,250,515,050.93 (bank , for reconstruction and devo velopmerit, (Secretary of the Treasury Henry 45.729,715,000 Morgenthau Jr, told a news confer-

.. 69,400,000,000 ic .. 4,500,000,000 (d)2,724,769,600

Veterans’ pensions

and benefits

Aid: iculture... 409,715,500 465,143,800 765,260,323.13 hint I xenon) relief : He said he would, at a later date, and seliremont: recommend legislation reducing the Social security pro- present high gold-reserve requiregram 497 981.000 485,535,000 511,419,308 77 ments of the federal reserve banks. : rk rele oss 13.545.000 17.046.200 23,009,726.83 | The federal reserve now must maint. wegifoment fonds. . 488,548,800 556,260,500 440.,041,600.00 tain a ratio of 40 per cent gold be- . 169,887.07 Tavira . gold reserve requirements would Program .......... 393,812,000 411,205,700 B70YAsDee [DerTaiL. the federal reserve to issue General government: <i Legislative branch... .-30,217,165 20,088,393 28.780,191.24 Te Zresient said he Savona 8 . The judiciary ..... 14,627,190 13,538,760 13,076,688.49 | th . 5 5 y . ; LR a fr |duction, “consistent with the objec- | eit. 3,052,000 2,581,000 240152513) © 1 this connection, he said he| distinct a / > opposed retention of high taxes on | _ and agencies . 1,089,108,040 1,149,616,550 959,021,353.67 {1a masses of consumers for general Postoffice depart- reduction of debt held by financial ment (general institutions because it “may destroy Bi iy Sta, purchasing power and create unstric o ; employment.” (fed’l cont'n) ..... 6,000,000 6,000,000 6,000.000.00| He approved use of progressive or Expenditures from graduated taxes for thé redemption anticipated supple of bonds held by millions of indi- _ mental app ropria- vidual savers on the ground it “may tons MT 305.000 590,47§000 have a stabilizing influence on in- . Statutory public debt comes and employment.” retirement ......... 1,650.00) Discussing international monetary el ey problems, he pointed out that libTotal expenditures, erated countries will require loans general and specitl for the reconstruction of industry, accounts .......... 82,530,439,545 08,912,338,340 03,743,514,863.84 transport, cities, agriculture 2 and trade. : res of sive n 4 he “Fdvors World Pool ures, gen special accounts .. 41,275,567,545 53,182,623,340 49,504,587,895.77| He sald it was therefore imperaChecking accounts of « tive that both the international government corpo- monetary fund and the international * “yalions and credit i bank be established at once. Mr. agencies net expen- Roosevelt recommended enactment ditures from clieck« of -legislation which would permit the ing accounts! ; United States to make its preéporWar. actiivties .... 600,000,000 1,000,000,000 2.681,633,023.52 tionate investment in the fund‘ and Redemption of obli- [Pe bank, gations in the mare e also recommended early exKeb: Loveniis 657,000,000 1,874,459,076 : Seveave y : | export-import bank so that it will seve 27,000, €)224,170, 1,152,146,165.50 Other activities (#) 27,000,000 (e)224 000 (e) be ready to provide: short and medium term credits to finance our ext , : BY ne ne wa porters, as well as long-term lending of government cor- for reconstruction and development porations and Ben . in cases where. strictly American]: Be irae . 1,230,000,000 2,650,289,075 4,403,068,674.50 | Purposes are to be served.

creer

2,611,667,350

(¢)88,000,000,000

3,750,000,000 (d)2,171,986,000

1,263,858,437

44,148,926,968.07

817,038,671,037.86,

2,608,979,805.62 (d)266,669,657.53

725,086,145.13

9 ha

PLANS PRESSED

President Proposes Loans, For Liberated Countries

ence yesterday that a bill to permit

ments would be sent to congress late this month.) J At the same time, Mr. Roosevelt called for increased powers for government monetary authorities so that they might more effectively {manage .the huge public debt while maintaining the present low rates of interest on government securities.

“Long Run Policy”

U~S=participation—ii--the—-agree=y

Cow

or whether Germany is licked in the period covered. He arbitrarily pro-|

+

amount, $39,000,000,000 would

government agencies. This budget would reduce over-all

000,000- from the $101,562,000,000 be-

{

$53,182,000,000.

ap

at $41,254,000,000 compared with the

he réported that we will be able in the next fiscal year to pay almost| exactly half” of all government and war costs from current income—a goal long sought. 1t will be necessary to borrow only ‘about $35,000,000,000" 1h “public war loans. vest an additional $5,000,000,000 in government securities, bringing loan proceeds approximately level with tax revenue. eré in round numbers are comparative figures on the treasury’s operations as budgeted for 1946, excluding net expenditures of government corporations and credit

all expenditure figures: 1946 (Estimated) net receipts, $41,254,000,000; total expenditures, $82,530,000.000; deficit, $41,275,000,000. 1945 (Estimated) net receipts, $45,-

hind its notes. Reduction of the | 729,000,000; total expenditures, $98,-

912,000,000; deficit, $53,182,000,000. 1944 (Actual) net receipts, $44,148,000,000; total expenditures, $93,743,000,000; deficit, $49,594,000,000. These estimates will be materially

changed if Germany should col-

tives of long-run economic policy.” apse within the next-12 months, a

possibility although the budget message avoids any predictions. Budget director Harold D. Smith told questioners that a German collapse as late as the middle of the next fiscal year—approximately one year from this date—might bring war expenditures down below $60,000,000,000: In any event, revision of war spending as proposed in this budget would be down rather than up, he believes. But if the war with Germany does continue through June 30, 1946, the aggregate of war spending in the 1946 fiscal year will be more than $80,000,000,000, rather than the $70,000,000,000 now proposed. The step-up in expenditure caused by the German break-through in Belgium will be reflected in spending during the next six months, which are covered by the current 1945 fiscal year budget.

Lend-Lease Covered

War cost estimates cover continuing lend-lease. Mr. Roosevelt esti-

mated that about one-sixth of our

2.873.580.016.48 pansion of the lending powers of the| current war outlays are for lend-

(a)=Includes the following estimated amounts for excess-profits taxes refund-

able in the post-war

period: ~ 1946,

$783,600,000,

1045,

$859,500,000;

and 1944,

$658 800,000. (b)—Because of possible material changes in war conditions, the detailed esti-

mates*of appropriations for fiscal year 1945 for most of the major “war activities" will § submitted to congress in. the spring o

budge.

tions for. fiscal years 1945 and 1046. (d)~—Includes transfers to public deb

bonds issued. (e)—Excess of cred:

» n ” a8 ” Spending Since World War | pending Since World War WASHINGTON, Jan. 89 (U. P.).—Federal spending and revenue from the world war I period, showing also the deficits or surpluses for the

various years:

. ts, deduct.

t ‘accounts for excess-profits tax refund s &»

1945 in a war supplement to the Consequently, the estimated expenditures for fiscal year 1946 are tentative,

(y—Includes estimated expenditures from anticipated supplemental appropria-

$ 853,356,956

Deficit

9,003,253,840

The President said that to insure effective operation of both the international bank and the exportimport. bank, and to achieve an adequate flow of private investment, it would be necessary to repeal the Johnson act which restricts loans to countries in default on loans made to them during the first world war.

LEGION TO PROMOTE - DRIVE FOR NURSES

The 11th district American Legion has taken its first step in promoting the nurse recruitment-pro-| gram by appointing a committee to formulate plans. for the legion program.

Year Ending : Jit#e 30 Expenditures Revenues 1017 $ 1,977681,751 $ 1,124,324795 1918 12,697,836,705 3,664,582 865 1919 18,533,894,705 5,152,257,136 1920 6,482,090,191 6,694,565,389 1625 3,259,643,446 3,780,148,685 1029 3,848,463,190 4,033,250,225 1930 3,994,125,487 4,177,941,702 1931 4,219,950,339 3,317,233,494 1933 5274,325,513 2,121,228,006 1933 5,306,623,054 . 2,238,536,180 1934 7,243,124,625 3,271,733,940 1935 7,375,825,165 3,800,467,201 1936 8,879,768,257 4,115,956,615 1937 8,001,187,347 5,293,840,236 1938 7,625,822,158 6,241,661,226 1939 8,707,091,580 / 5,667,823,625 ' 1940 ’ 8,098,189,706 5,924,836,402 3041 12,774,890,323 7,607,211,825 1942 32,491,307,397 12,799,061,621 1043 78182,348,640 22,281,642,709 1044 93,743,514,863 44,148,926,968 1945 (Est.) 98,912,338,340 45,729,715,000 1046 (Est) 82,530,439,545 41,254,872,000 (8)—S8urplus

13,370,637,569 202,475,198 250,505,239 184,787,035 183,789,215 902,716,845 3,153,097,507 3,068,266,874 3,065,991,685 13,575,357,963 4,7163,841,642 2,707,347,110 1,384,160,93% 3,542,267,954 3,611,056,036 . 5,167,678,471 19,692,245, 776 55,900,705,931 40,504,587,895 53,182,623,340 41,275,567,545

Public Debt, June 1, 1946, estimated at $292,000,000,000.

; War May Cost 450 Billion

WASHINGTON. Jan. 8 (U. P.).—President Roosevelt today placed

the presently-foreseeable cost of this war to the U. 8. government alone et the astronomical figure tf about $450,000,000,000—nearly half a

trillion dollars.

And that doesn’t include the costs. that w

. years of the future for interest on the debt and veterans’ benefits.

The

defense program on July 1, 19840, to June 30, 1945, at $288.8 billion. By June 30, 1945, he figured they will-be about $358.8 billion.

_ .And on that date there will be $90.9 billion of unliquidated war bills

remaining to be paid, raising the total calculation to $449.7 billion,

The President provides this breakdown of what the war money for in the five fiscal years to da

te:

* (In billions)

1942 $12.7

41 35

18 8.0

Type of expenditure— 1941 Munitions, ineluding- ships ier $23 War construction and war plant: Industrial plant ahd equipment ..., 08 Non-industrial and military construction casa Sov SA ¢ 14 Total war construction and war plant ,. 22 tPay, subsistence and other non-munitions - 2.2 Total war expenditures ........ deusas LiBY

*Revised . estimate tIncluding agric

' 1945 AUTO LICENSES GO ON SALE HERE © Bale’ of 1945 license tags ah ‘drivers’ licenses 18 the motor vehicl

diare from 8 a. m. to 5:45 p. m.|"

110 fy

i ty

283

1043 1044 *1945 $423 $556 $538 871 38: 13 60 20 09 137 48 13} 201 205 330 75.1 807 89.0

ultural lend-lease and other clvidan war activities, - throughout the state, 12 Marion county. oo. * Hours for the state house, office

(8) (8) | (8) 8)

ill run on in uncounted |

President placed war expenditures from the beginning of the

of them in

began today in |dally, Monday through Friday, and i e m e bureau. of the from 8 a. m. to 12 noon oh Satur: ~~ state house and at branch offices | days. fn eRD aR

{legion is prepared to make an all

las. </Brnest Paul Holifleld, 2919 Kenwood; Ella

The new committee, which 1s composed of Dr. W. R. Bolen, chajrman, Attorney Joe Rand Beckett and Walter Leckrone, editor of The Times, is scheduled to meet with Virgil Sheppard, executive secretary of the Marion county chapter of the American Red Cross. According to L. C. Duckworth, commander of the 11th distriet, the

out effort in behalf, of the President’s plea for more nurses.

lease, .relief and rehabilitation. Lend-lease will be liquidated with the end of the war, he continued, but he warned of heavy post-war relief burdens in the-“liberated areas.” He said $1,350,000,000 already had been appropriated for the united nations relief and rehabilitation administration. And, he added, if the siim proves inadequate “we must

opération with the other’ united nations, to make sure that the peoples of the liberated countries have essential relief from‘ the devastation of war.” Fixed Charges Rise

Mr. Roosevelt said- expenditures for war veterans, interest on the public debt and tax refunds were increasing from $1,600,000,000 in 1939 to $7,200,000,000 in the current fiscal year and probably would aggregate $9,800,000,000 in the 1946 fiscal year—a sum, he noted, larger than the whole federal budget. in 1939. These are fixed, inescapable charges for the most part although the $1,000,000,000 earmarked as consisting of repayments ‘to- wage and salary earners of withholdings in excess of actual tax liahilities is a large and surprising instance ‘of miscalculation. » War veterans will cost an estimated $2,623,000000 in the next fiscal year. The $4,500,000,000 interest charge for the public debt represents an increase of $750,000,000 over the current fiscal year, Mr. Roosevelt recommended ap-

EVENTS TODAY

Indiana Veterinary Medical association, conyention, Hotel -Beverin. : Indiana Luirber & Builders’ Supply association, convention, Murat temple and Claypool hotel.

Indiana State Florists association, convention, Hotel Severin. Indianapolis ~ Newsboys Band alumni,

luncheon, 12:15 p. m., Hotel Washington.

—— EVENTS TOMORROW American Legion auxiliary nations! com. mittee, meeting, Legion headquarters and Hotel Antlers, Kiwanis Inter-club, meeting, Columbia

“e'ub, Junior Chamber of Commerce, luncheon, 12:15 p. m., Hotel Washington,

MARRIAGE LICENSES

Vietor B. Pletcher, 2021. Hoyt; Mildred J. Candler, 4816 College. Hynes Eugene Burnett, 1019 N. West; Alfredia Glenn, 649 Dou

May 8'ms, 323 W, 10th, Apt. 5, Robert Lee Bowman, 964 Olin; “Martha Lou r¢” Krause, 964 Olin, ‘ Elza Lee Tender, 9021's N, West; Ruth Odessa Husky, 1835 Highland pl. Marion Odell Tellefle, 1413 Wade; Nettie Jane Gee, 2316 Glenn dr, George BE. Mackey, U. 8 ‘army; Lucille Bowles, Louisville, Ky. n John Willlam Chapman, U. 8, army; Alhenia Sumpter, 608 Dorman, John K. Kbopman, R. R. 18, Box 606; - Dorothy Gertrude Fox, 319 8. Auburn. Jessie P. Hampton, 302 Hancock; Margaret

WT Sturm. be, 130 N. Delawgre; Zelma | Faye Hines, 3836 Rockville rd. |Paul John Soffmark, 1621 Cruft; Ethel B. Reed, 1430 E. Southern. wig a Paul Newton Goble, 604 E Main, Greenfield: Harriet McClain, 50 Taft. - ! John H. Turner, U. 8. army; Mart Etta Virginia Harwell, 110% W. 30th William T. Widick, 518 Bell; Coker, 518 Bell. . James Willlam Anderson, 1451 Lexington; Wilma Christine Maddox, 1808 Hoyt. . Fink, 3434 W. Washington; Lillie Dorris, 343'a W. Ralph Storms Jr; 522 Coff Rose, 1827 E. 12th. 5

Washington, ; Betty Lou

Verna Jean | gn

oa

IN INDIANAPOLIS

John, Ramona Lloyd, at Coleman, Lloyd, Viola Allen, at Methodist Harold, Emma Bland, at Methodist, David, Clara Gordan, at Methodist. Carl, Louise Joyce, at Methodist. Paul, Helen Roller, at. Methodist Lloyd, Margaret Shamel, at Methodist Nicholas, Desonka Kira, at St. Vincent's William, Effie Vaughter, at 1310 8. Pershing ave, Boys” Warren, Ruth Wilhite, at 8t. Francis. Ralph, Della Brown, at City. Emmett,” Anna Lue Hill, at City. John, Pauline Sherry, at Coleman. Pranklin, Arina Borg, at Methodist, Charles, Mildred Kladden, at Methodist. Willlam, Florence Shaw, at Methodist. Everett, Helen Sufton, at St. Vincent's. Emdry, Dorothy Tomey, at St. Vincent's. Walter, Pauline Wisehart, at St. Vincent's,

DEATHS

Thomas A. Kimberlin, 73, at 632 B 54th, cerebral hemorrhage, Sarah B. Berkshire, 76, at 333 8. Butler, arteriosclerosis, Horace E. Hall, 68, at Methodist, brain tumor.y’ Suzanna Conklin, 81, at 333 Beauty, myocarditis, Frances A. Grindle, 80, at 2208 N. Alabama, chronic myocarditis. narod Jenkins, 14, at Methodist, men-

pf) 5. - Lola Bell Adains, ‘69, at 1314 Polk, cerebral hemorr! €. Leora Micks, 61, at 331 8. State, careinoma. “* Mary Alma Walker, 71, at 1500 Brookside,

.| arteriosclerosis. ; ‘| Frances E. Cline, 36, at City, endo- . carditis,

Mary M, Pipes, 37, at 613 Ogden, tuber Haror B Lifich, 27, st_City, pulmbnady arvey BE. ch, 37, a , n tuberculosis. ; ’ WH yumm! Arthur. P'. Shotts, 57, at City, cerebral hemorrhage. i ar Edith Elouise Winter, 35, . at" Methodist, ‘rheumatic heart o wa

ington, arteriosclerosis.

Marie Haywood, 50, at Methodist, cerebral|.

hemorthage. ; Emma Wainscott, 69, at 901 King, chronic

Lg ag irs + ! Nellie Healy, 67, at 1818 KE, 10th, coronary{ . . | occlusion. : : : James Larkin Honnold, 78 at 1203-N

coronary occlusion. o

THE INDIANAPOLIS TIMES _

«FDR Sets Up Budg

tion.

estimate of war spending. Of this | ministration be increased from $67,-|after the war. {000,000 to $125,000,000 for rural re- } spent by the army, $22,000,000,000 bY |y,api)itation and from $15,000,000 to]. - the navy, and. the rest by other es,nn0000 for a tennant-purchase| “I hope,” Mr: Roosevelt said, “that

1946 expenditurgs by about $17,802,- pg war veterans.

ing spent in the current fiscal Year. |, :eace the borrowin These figures include outlays bY tne rural electfification administra- gress to permit payroll ta

Federal trust funds will in-}°

agencies which .are included in over-|

take additional measures, in co-|

ma. Jane Abbott, 85, at 8643 B. Wash-|

NEE vey ; reer

continued high agricultural produc-|rural poverty. He reminded congress it, is needed—if a suitable educa developments permit a major dee : 2 that the government is committed to tional standard is to be ‘maintained cline in war expenditure. : He proposed that the borrowing support agricpltural prices to’ farm-| in: all parts of the country. ; posed $70,000,000,000 as a tentative nority of pe farm ‘security ad- ers “at a fair level” for . Sil

,-Social Security,

program. This recommendation was|congress will give early considera-imended appropriations for planning [8D taxes on masses of consumers |in anticipation of needs of return-|tion to extension and improvements ot nublic works projects already au{in our social security system and will|{horized as a move to

Mr. Roosevelt ‘asked - congress to re-examine the finan®al

government corporations as well a5 | tion’ from $25,000,000 to $150,000,000 crease to the extent originally con- ieria] pecome available.” the treasury. The 1946 net deficit], permit extension of eledtricity “to| templated in establishing a social! plans for $1,500,000,000 would be down approximately $12,-|at Jeast part of the 6,000,000 rural security fund. { publi “and $ 000,000,000. from this year's expected | families now without such service.

cation in the interior d

we must in the future develop a pro- | federal government must

+ Anticipating 18 More Months of War

(Continued From Page One): |propriation of $512,000,000 to assure gram to eliminate malnutrition ang where it is Renioi-ot only where made, Mr. Roosevelt said, when war Education

g authority of the program”—an invitation to con-|and development projects to pe | demption of bonds held by millions

The message recommended basic tadqeral-state road programs would | = -He—said--he- shortly would -recom- reorganization of the office of edu- ye ready. by June 30, 1946 but that Mr. Roosevelt estimated net treas-| eng appropriations fbr a program ’

ury revenue in the 1946 fiscal year of crop insurance. | to ‘make it more useful to the states| ning stage for the post-war period. §0ose, or nene as it is known to

; He described the ‘foregoing as a in developing adequate educational 1045 estimate of $45,729,000000. BUl|wartime agricultural budget and said programs. The President said the!

Public Debt ine Mr. Roosevelt foreshadowed a long Public Works |range easy money policy and said In addition to the recommended | D® would recommend reduction in 'appropriation of $279,000,000 for Present high gold requirements of public works, Mr. Roosevelt recom. | federal reserve banks. He opposed

two years

oy

for general reduction of debts held by financial institutions, but he favored progressive taxes for re

“stock up a construction

basis of shelf of meritorious

Xes 10 in-| undertaken as manpower and mas: individual investors as a stabilize

He said| in federal | 'public works and $1,000,000,000 in|

ing influence on incomes and eme ployment—all directed toward an orderly and steady debt’ reduction,

GOOSE TAKES 10 LAND epartment: ye need more projects in the plan-| WASHINGTON — The Hawaiian

| natives, has feet less fully webbed . | (than most geese and has become: render aid] Minor tax adjustments can be more of a land bird than water bird,

Taxes

Clothes for

SNOW SUITS

FOR TINY TODDLERS Sizes |—2-—3 Wore 15.95 (Coat and Leggin's) - oleared at Tele >

The Caps wese 1.50 Cleared at

= . | 00 (While 27-Suits last) « Vp . 4 5

re Fla Fa 9] ) at Fh 3 4 oe

oo tol, : prin, a. Crouch, 50, at Veterans, diabetes’ |

LSS & owe

STRAYS BAF -Fv rm TL §

“to shield against the. Elements—

As

DAY NEARER VICJORY:

‘xn

£y

the Younger Element

ANY, oc.

Good rT Good

wearing, Fine

looking clothes to temper the cold— when going to and coming from

school.

Clothes—when he cuts a: figure on the Ice at Lake Sullivan—or some other good skating place. Clothes for his outdoors life in general!

-And the dressier sort of clothes— for a more sheltered life—including

those, times when he

is dancing with

a dolly with a hole in her stocking—

The Man's Store has

Suit and Accessories

Please Note—Every

his favorite

Sl

garment is

marked to give reality to the creed —"The BEST at YOUR price—no matter what the price!" :

And there are here some: garments ‘Clearance! 5 ~ For.Boys of 2 — to Boys into the 20's!

oF etiam oy RT ' ~ i . on BOYS : | : 3 nhiET wt %

and there—

priced for quick

i