CABINET: Surplusage

Director Lord of the Budget Bureau issued the final figures on the Treasury's year—writing the final chapter of the book which might be written on the expectations and predictions on how the year would end. At the low end of the scale was the point where a deficit of $823,000,000 was expected. At the other end of the scale was the final announcement of General Lord, a $310,000,000 surplus on June 30. While the $310,000,000 surplus of revenues over expenditures (including sinking fund and interest on the public debt) was unexpectedly large,...

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