HARDING..."NO BELLIGERENT COUNTRY HAS REDUCED EXPENDITURES SO RAPIDLY"
Washington, D.C. (JFK+50) On October 15, 1922, President Warren G. Harding pointed out in a letter to Representative Frank Mondell* "no other belligerent country has...reduced its expenditures so rapidly as our own."
The President stated that aggregate public expenditures dropped from $6,403,343,000 in 1920 to $3,373,607,000 in 1922. Mr. Harding said that this has been made possible "through united and determined effort...based on the sound business policy of proper budget organization."
*Frank Wheeler Mondell (1860-1939) was born in St. Louis, Missouri. He was mayor of Newcastle, Wyoming, 1888-1895, & served in Congress, 1895-1897 & 1899-1913.
SOURCE
"Harding Points to 3 Billion Cut in 2 Years," The New York Tribune, October 16, 1922, Chronicling America, Library of Congress, www.loc.gov/
