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To this sum at least fifty millions should be added to represent a safe working balance for the Treasury, and twelve millions to include the usual deficiency estimates in 1917; and these additions would make a total deficit of some two hundred and ninety-seven millions.
Miss Anthony always came out of these lecture courses in debt, but she would call upon her friends or borrow from sister or father enough to make up the deficit, and replace the loan out of her scanty earnings. She persisted in having them to educate the public on the progressive questions of the day.
Some of 'em got swallered, perhaps. I hope they was plated ones, if they did!" The failure of the morning's orange-crop and the deficit in other expected residual delicacies were not very difficult to account for.
Parliamentary Ruling also seemed apt to lead its followers into paths unexpected even by them, from which they did not know how to get out, and it also led to revelations humiliating to new members. The report of the Treasurer was called for. It showed a deficit. "Even with the initiation fees and dues from new members?" asked the President. Even so.
The sum of the estimates of the expenditures for that same year, exclusive of Panama Canal disbursements and postal disbursements payable from postal revenues, is $732,000,000, indicating a deficit Of $22,000,000.
In addition to this sum the Postmaster-General will require from the Treasury for the service of the Post-Office Department $3,838,728, as explained in the report of the Secretary of the Treasury, which will increase the estimated deficit on June 30, 1860, to $7,914,576.89.
The extraordinary expenses of the war with Mexico and the purchase of California and New Mexico exceed in amount this deficit, together with the loans heretofore made for those objects. I therefore recommend that authority be given to borrow what ever sum may be necessary to cover that deficit. I recommend the observance of strict economy in the appropriation and expenditure of public money.
"You should mention that what you offered them was upwards of two hundred thousand short. The deficit is worth a reference; it is for what they call a cool sum, Frank.
"Oh, there are plenty of people in the same box that you are," I said. "Don't flatter yourself that you are the only one who has taken money; but perhaps they will now go through the books, and, discovering the deficit, arrest you." "Yes, but I don't intend to be caught. I think I will go to Canada. I am now traveling under an assumed name."
So this proposal is that while we have this problem and this emergency in Vietnam, while we are trying to meet the needs of our people at home, your Government asks for slightly more than one-fourth of that tax cut each year in order to try to hold our budget deficit in fiscal 1968 within prudent limits and to give our country and to give our fighting men the help they need in this hour of trial.
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