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The undisciplined nomadic army of the rebel was scattered without labor at Ardalio, and Africa was delivered from the Moor's reign of ruin and terror, to which Roman rule, with all its fiscal sternness, was peace and prosperity.
"A very gratifying result is presented in the fact that the deficiency of this Department during the last fiscal year was reduced to $4,081,790.18, as against $6,169,938.88 of the preceding year.
Only from a position of strength can we negotiate a balanced agreement to limit the growth of nuclear arms. Only a balanced agreement will serve our interests and minimize the threat of nuclear confrontation. The defense budget I will submit to the Congress for fiscal year 1977 will show an essential increase over the current year.
It will be perceived that the revenue from customs for the last fiscal year exceeded by $757,070.96 the estimate of the Secretary of the Treasury in his last annual report, and that the aggregate receipts during the same period from customs, lands, and miscellaneous sources also exceeded the estimate by the sum of $536,750.59, indicating, however, a very near approach in the estimate to the actual result.
The paralysis which had fallen on trade and commerce, and which subjected the Government to the necessity of resorting to loans and the issue of Treasury notes to a large amount, has passed away, and after the payment of upward of $7,000,000 on account of the interest, and in redemption of more than $5,000,000 of the public debt which falls due on the 1st of January next, and setting apart upward of $2,000,000 for the payment of outstanding Treasury notes and meeting an installment of the debts of the corporate cities of the District of Columbia, an estimated surplus of upward of $7,000,000 over and above the existing appropriations will remain in the Treasury at the close of the fiscal year.
This sum seemed neither vast nor insignificant to Priam Farll. It seemed to him merely a tangible something which would enable him to banish the fiscal question from his mind for an indefinite period. He scarcely even troubled to wonder what Leek was doing with over two years of Leek's income in his pocket-book. He knew, or at least he with certainty guessed, that Leek had been a rascal.
The Government, moreover, found it necessary to establish a special department for Jewish affairs at each municipality and town council. In this way the law managed to destroy the self-government of the Kahal and yet preserve its rudimentary function as an autonomous fiscal agency which was to be continued under the auspices of the municipality.
Some expansion in peacetime medical research and other programs of the Public Health Service is provided for in the appropriation estimates for these purposes totaling approximately 87 million dollars for the fiscal year 1947 which are submitted under provisions of existing law. Part of this will be provided through the social security appropriations, the remainder through other appropriations.
He neither had nor wished to have colonies. His judges, his fiscal officers, were meanly paid. His ministers at foreign courts walked on foot, or drove shabby old carriages till the axletrees gave way. Even to his highest diplomatic agents, who resided at London and Paris, he allowed less than a thousand pounds sterling a year.
The strong expansion of the economy, coupled with a constant care for efficiency in government operations and an alert guard against waste and duplication, has brought us to a prospective balance between income and expenditure. This is being done while we continue to strengthen our military security. I expect the budget to be in balance during the fiscal year ending June 30, 1956.
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