The Archive · 1923

PEKING'S RECKLESS EXPENDITURE

"Are there any sources of in—come?" "If there were no sources of income, how could the Government go on spending and increasing their spending? Let me give you a few facts: 10 years ago, the annual budget to cover the expenditure of the various boards was: $940,000; now, it is $17,000,- 000. Then the work could be done by 40 paid secretaries; now, it requires 1,400. The Treasury Department had eight secretaries now 160; its budget was $35,000, is $210,000. The Board of Agriculture worked on $25,000; now it needs $140,000—and so I could go on. The first duty of a new government is to reduce the expenditure from $17,000,000 to $940,000.""

"The criticism is made that the time when you pressed for money was not opportune." The last week of Gen. Li's presidency was not the first time I had asked for money—almost necessarily so if you think that the arrears had been mounting up for 13 months nor was my chief of staff the only one asking for money. He was but one of ten who were all Pressing at the same time."

"You know, of course, that it is widely reported that-in that last

Text read from the printed page and cleaned; old type leaves the occasional error.

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