The Archive · 1930

Government and Possible Deficit

from $20,000,000. during the next. fiscal year, ident Hoover told Senator Wesley chairman ate Committee on Appropriations, in a letter made public today.

The President warned the.committee that the financial situation contained unpleasant _possibilt and called its attention to a number! of small need for economy was urgent and immediate, Mr. Hoover said. know that you will agree with mo," Mr. Hoover wrote, "there is a cause for real alarm in this situa tion as we cannot contemplate any such, deficit."—United Press.

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

Your account