Word: reductionism
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Ex-Chancellor of the Exchequer Philip Snowden, speaking for the Labor Party, referred to the folly of entering into an Air armaments race with France and of spending millions of pounds when the country urgently needed a reduction in taxation. Suggested he:
¶ The press headlined "Coolidge Feels Saving Lash," "Coolidge is Victim of Own Thrift," etc.. apropos of the fact that the President has had the White House budget reduced $12,500. Incidents of the retrenchment: replacement of paper drinking cups by old-fashioned glasses; no free pencils for newspaper...
At first, he had to take advice, but did so with some hesitation. He appointed C. Bascomb Slemp as his Secretary to handle a number of political problems. He leaned on the arms of Secretaries Mellon and Hoover, but, when tax-reduction was proposed, he let Mr. Mellon float it...
¶ Passed with amendments the Independent Offices Appropriation Bill; amendment was attached to the section on funds for the Interstate Commerce Commission directing that the railway surcharge of 50% on Pullman car tickets, established during the war, be abolished. There was a vigorous debate on this amendment, Senator Howell of...
In 1924, 20 Class 1 roads had operating deficits, 10 in the Eastern and 10 in the Western District. Last year, maintenance expenditures amounted to $2,072,442,480, a reduction of about 10% from the sum expended for the same purpose in 1923.