Owing to these increases in insurance charges and postage, the total expenditures chargeable to the appropriation for the seven months ended January 31, 1923, have averaged $13,000 per month, and at this rate it would require $156,000 for the entire year. The amount appropriated for the present year is $140,000, and, on the basis of the average per month as set forth above, it would require apparently an additional appropriation of $16,000 to meet these expenses to June 30, 1923. It is believed, however, that the necessary obligations can be met during the remainder of this fiscal year by an additional appropriation of $15,000, as hereby submitted. It may be added, in this connection, that this appropriation is not subject strictly to Executive control. Shipments of new currency must be made equal in volume to redemptions, and additional new currency shipments are being made to cover coinage of silver dollars from bullion purchased under authorization in the Pittman Act, approved April 23, 1918. This latter item for the first seven months of the current fiscal year amounted to more than $75,000,000. course would result in accumulations of "dead assets" in the Treasury which would have to be offset through new borrowings. Respectfully, Any other A. W. MELLON, Secretary of the Treasury. Estimates of appropriations required for the service of the fiscal year ending June 30, 1923, by the Treasury Department. Division of bookkeeping and warrants, contingent expenses, public moneys: For contingent expenses under the requirements of section 3653 of the Revised Statutes, for the collection, safe-keeping, transfer, and disbursement of the public money, etc., including the same objects specified under this head in the act making appropriations for the Treasury Department for the fiscal year 1923 (R. S. 718, 719, secs. 3649-3653; act Feb. 17, 1922, vol. 42, p. 371, sec. 1)... Amount appropriated for the current fiscal year ending June 30, 1923... 140, 000 $15,000 4th Session. No. 337. IMPROVEMENTS IN SUBTREASURY AND ASSAY OFFICE, NEW YORK CITY. COMMUNICATION FROM THE PRESIDENT OF THE UNITED STATES. TRANSMITTING, TOGETHER WITH AN ACCOMPANYING LETTER FROM THE DIRECTOR OF THE BUREAU OF THE BUDGET, A SUPPLEMENTAL ESTIMATE OF APPROPRIATION FOR THE TREASURY DEPARTMENT FOR THE FISCAL YEAR ENDING JUNE 30, 1923, IN THE SUM OF $50,000, FOR REPAIRS AND IMPROVEMENTS IN THE SUBTREASURY AND ASSAY OFFICE AT NEW YORK, N. Y. FEBRUARY 28, 1923.-Read; referred to the Committee on Appropriations and ordered to be printed. The PRESIDENT OF THE SENATE. THE WHITE HOUSE, Washington, February 28, 1923. SIR: I have the honor to transmit herewith for the consideration of Congress supplemental estimates of appropriations for the Treasury Department for the fiscal year ending June 30, 1923, amounting to $50,000. The details of these estimates and the reason for their submission at this time are set forth in a letter of the Director of the Bureau of the Budget transmitted herewith, with whose comments and observations thereon I concur. Respectfully, WARREN G. HARDING. TREASURY DEPARTMENT, Washington, February 27, 1923. SIR: I have the honor to submit herewith for your consideration, and upon your approval for transmission to Congress, supplemental estimates of appropriations for the Treasury Department for the fiscal year ending June 30, 1923, amounting to $50,000. Office of Supervising Architect, New York (N. Y.) Subtreasury: For exterior and interior repairs, replacements, and painting, including mechanical equipment, to be available until June 30, 1924.. $15,000 The above building is at present occupied by the Federal Reserve Bank of New York, which, it is reported, will vacate the building in the near future. It is estimated that an expenditure of $15,000 for repairs, replacements, painting, etc., will make available for the use of other Government activities 17,000 square feet of floor space, which will result in a saving in rent alone of $34,000 per annum, besides leaving the larger vaults in the building for the use of the assay office officials, housed in an adjoining building. For construction of underground passage from assay office to subtreasury basement vaults, and changes incident thereto in each building, to be available until June 30, 1924. $20,000 While it is deemed safe for the assay office officials to use the subtreasury vaults, during the occupation of the latter building by the Federal Reserve Bank, it is not considered either safe or wise to continue to have access to those vaults through the street and the entrance and first floor of the subtreasury building after it shall have been occupied by a Government activity necessitating the more or less constant presence of a large number of people. It is therefore believed to be in the interest of safety and efficiency to have these vaults connected by an underground passage, which, it has been estimated, can be done at a cost of $20,000. New York, N. Y., assay office: For construction of an additional vault, with changes incident thereto, to be available until June 30, 1924.... $15,000 Additional vault space in this building is very badly needed, particularly for the overnight storage of the weigh clerk's 30 or more trucks of precious metals. It is estimated that $15,000 will be required to provide the additional vault space needed and that this provision will make for efficiency and safety in the daily handling of large quantities of precious metals. The above estimates are for amounts required to meet unforeseen contingencies which have occurred since the transmission of the Budget for the fiscal year 1923, and their approval is recommended. Very respectfully, The PRESIDENT. H. M. LORD, Director of the Bureau of the Budget. Estimates of appropriations required for the service of the fiscal year ending June 30, by the Treasury Department. OFFICE OF SUPERVISING ARCHITECT. New York (N. Y.) Subtreasury: 1923, For exterior and interior repairs, replacements, and painting, including mechanical equipment, to be available until June 30, 1924 (submitted). $15,000 For construction of underground passage from assay office to subtreasury basement vaults, and changes incident thereto in each building, to be available until June 30, 1924 (submitted).... Total.. New York (N. Y.) Assay Office: For construction of an additional vault, with changes incident thereto, to be available until June 30, 1924 (submitted)..... Total..... 20,000 67TH CONGRESS, 4th Session. SENATE. (DOCUMENT No. 338. ALTERATION IN COURTHOUSE AND POST OFFICE, PHILADELPHIA, PA. COMMUNICATION FROM THE PRESIDENT OF THE UNITED STATES, TRANSMITTING, TOGETHER WITH AN ACCOMPANYING LETTER FROM THE DIRECTOR OF THE BUREAU OF THE BUDGET, A SUPPLEMENTAL ESTIMATE OF APPROPRIATION FOR THE TREASURY DEPARTMENT FOR THE FISCAL YEAR ENDING JUNE 30, 1923, FOR CHANGES AND ALTERATIONS IN THE COURTHOUSE AND POST OFFICE AT PHILADELPHIA, PA., $40,000. FEBRUARY 28, 1923.-Read; referred to the Committee on Appropriations and ordered to be printed. The PRESIDENT OF THE SENATE. THE WHITE HOUSE, Washington, February 28, 1923. SIR: I have the honor to transmit herewith for the consideration of Congress a supplemental estimate of appropriation for the Treasury Department for the fiscal year ending June 30, 1923, $40,000. The details of this estimate and the reason for its submission at this time are set forth in a letter of the Director of the Bureau of the Budget, transmitted herewith, with whose comments and observations thereon I concur. Respectfully, WARREN G HARDING |