. Review of reviews and world's work . little attention tothat governing center in this number of theReview. It is probable that within a fewweeks the new Congress will be called intosession. Financial problems of great magni-tude must be faced with firmness and intelli-gence if the Republicans are to earn the con-fidence of the country. Too much of thecurrent national wealth is being garnered intothe Treasury for unproductive are extravagant affairs, and economyis not a prime consideration in times of lifeand death; but the war Is ended and thequestion of economy becomes vita
. Review of reviews and world's work . little attention tothat governing center in this number of theReview. It is probable that within a fewweeks the new Congress will be called intosession. Financial problems of great magni-tude must be faced with firmness and intelli-gence if the Republicans are to earn the con-fidence of the country. Too much of thecurrent national wealth is being garnered intothe Treasury for unproductive are extravagant affairs, and economyis not a prime consideration in times of lifeand death; but the war Is ended and thequestion of economy becomes vital. It is thetendency of government to find the most ex-pensive possible ways of doing everythingthat it undertakes. The time has come forthe adoption of a National Budget systemand for intelligent public finance. The Gov-ernment of the United States could be runupon an income of three billions a year; one-third for the payment of interest on our wardebt, and two-thirds for Army, Navy, pen-sions and the various public services. May—2. <Q Harris & Evvitig, Washington, D. C. REAR ADM. WILLIAM S. SIMS AND THE ACTING SEC-RETARY OF THE NAVY, HON FRANKLIN D, ROOSEVELT (Admiral Sims returned to the United States lastmonth, after two years service in supreme command ofAmerican naval units in the war zone) Defense ^^^ future 01 the army is one ofBills in the subjects that must be consid-ered in the light of finance. Thelargest item In our war bill was the cost ofcreating an army of more than four millionmen. This involved primarily an immenseamount of training, and secondarily a greatsupply of equipment. A wise use of these In-vestments already made should provide foradequate national defense for many years tocome with relatively small outlay of newmoney. With millions of exceptionally well-trained young men, and scores of thousandsof officers, it should be possible to arrangea reserve system at moderate expense andmaintain it on a basis of efficiency. Thevery obviousness and simpli
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