Washington, Sept. 4 'The United States Government. spending "money faster" than ever Before tu peace time and the deft for the firw two months of the new fiscal year, which began July 1. is troncly' double, that, of the first two months of the lest seal yea TTreasury announcement to-day eveaied. that expenditures during fie months of July and August to-fed $978973.605, against receipts lot $504438,000. leaving adele for fine sixty-day period of $475518,585.
Tocluded in' the. government' in-Jcome during this period. was $42.03 lear" selgnoruge derived from the case of silver. money, as compared
[corresponding "peri fast year, fit income of e4435000 daring the the Treasury. statement. disclosed 'The "Treasury announcement vealed that the public debt of the United States at the. end of August food at $27.079,00564, compared. to fSerieowss.si2 at the end of July was pointed out that the decline lo roughly' $110,000000 was due to the use of general cash funds instead Jot resorting to any new borrowings.
rhe goverament' tremendous spend ing programme wil still have. sokeed up, however. if all the money saxed' for by President. Roosevelt Ris'iast budget message to. Congress fe'te'be spent. Some experts thin impossible to spend the full $10. o00.000000 set. bythe President' as/ cost of recovery.
'The country has not seen such a Inuge spending programme as th which the government now is ens fed since the fiscal year ending June $0, "iai9, when $18500,000.000 was pent in' an effort to end the World Wise. The government will roend only, $600,000.00 In the current fecal year, exclusive of sinking funds.
President Roosevelt. adheres 10 nis, budget estimates, experts esti-fate that the government will fish tis the rea" income being estimated aval year" about
st" 94,000,000 000—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.