If Congress goes ahead and appropriates more money than there is in the Treasury, and makes it necessary to put in a bill increasing taxes, it won't encourage the business of the country.

It means that we shall have to prune somewhat.

But the responsibility for legislation is theirs.

Ultimately we should of course have further tax reduction, as the debt is reduced, as the business of the country expands and revenue increases and expenses decrease.

I think the comment has already been made, but perhaps it won't do any harm if I reiterate that up to date this has been the most efficient Congress that we have had for a great many years.

I don't think any further tax reduction will come for some time.

Certainly not next year.

Before the War it is my recollection that we spent $120,000,000.

If we could get consolidations through, it would solve the problem, to quite an extent, of rates.

It is an exhibition, I don't want to boast about our own country too much, but I think it is an exhibition of good faith on the part of this country.

I don't want to unduly restrict the reporting, but I think that would be often enough.

That was provided for by the legislature in the last session and all I did was to issue an executive order carrying out the terms of the legislation.