I think it may interest you to have the final budget allocations for the independent establishments.

I think everybody is agreed that if we can do that for $2 1/2 million it is a wise expenditure on behalf of bad feeling (?).

They will be for another month, and then be here to take over the Budget Bureau.

I persuaded Colonel James C. Roop to become Director of the Budget.

I should add that the additional amounts, which will be needed by the Board cannot be determined except by the Board itself, but as Congress might shortly recess I have thought it desirable that a preliminary sum should be provided.

The details of this estimate, the necessity therefor and the reason for its submission at this time are set forth in the letter of the Acting Director of the Bureau of the Budget which is transmitted herewith and with which I concur.

If the Board finds it necessary to have further funds it should be possible to make provision for them in ample time as Congress will no doubt be in session by the time they are required.

I find from the Director of the Budget that the estimate at the first of June indicates that we shall close the fiscal year on July 1 with a surplus of about $100 million to $110 million.

I regret intensely to accept your resignation as Director of the Budget.

I don't think in all my experience, which has been very large with people that come before me in and out of the Government with proposals for spending money, I have ever had any proposal from anyone as to what could be done to raise money, and very few suggestions of what could be done to save any money.

I suggested to them that it is always necessary to use care in the raising and expending of the revenue of the government.

Now, it is very important that this country keep down its expenditures.

There is one problem that I have to keep under constant emphasis, and that is economy and government expenditures.

I think that in the past few weeks I have detected some evidences that in the coming session of Congress a good many efforts are going to be put forth to secure considerable expenditures of money.

It is in that direction especially that I want to avoid increases, so far as we can.

And having made the larger cut in taxation, I suppose they are prepared to resist the applications for increasing expenditures, especially in consideration of expenditures that call for permanent appropriations.

It means that we shall have to prune somewhat.

It seems to me that we ought to get along without enlarging appropriations.