President Coolidge, in his Budget message to Congress, says that respectively.
President Coolidge called attonto the estimates for National la" defence in the coming year of al $510,743,000 in the fecal year 1926,|000 a8 compared with the current 78,748,000 in the fiscal year 1926.) your. Hle expressed the opinion rune ta uci at benet until the fesull of the latest lei lat farther redveton wns pose the the national national tion is known. Continuance of h the world and there was economy campaign would prepare no longer any international—com-for further reduction of taxes. nin naval construction. The
fiscal year 1925 would The Goverament's reins for the 5 of America were con-602,000,000 and expenditure would) cerned Primarily, with maintaining total la of total $3,534,000,000, conypared with preparedness, estimates for the next fiscal year The major items of the Budgets [of $3,641,000,000 and '$3,267,000,000, for 1926-and 1925 are as follow:—
1925
Iniarest on Public Debt. Resiuetoin of Poblie Debt
Navy
Text read from the printed page and cleaned; old type leaves the occasional error.