The Science of Finance: An Investigation of Public Expenditures And Public ...

Cover The Science of Finance: An Investigation of Public Expenditures And Public ...
The Science of Finance: An Investigation of Public Expenditures And Public ...
Henry Carter Adams
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How shall the period be covered * It should, however, be made the occasion of providing some meaoa of returning the surplus to the ordinary channels of trade. This ques- tion, however, finds proper treatment in connection with the analvsis of financial organization and administration. Cf. § 36.
Digitized by Google i8o THE EXECUTED AND THE ESTIMATED BUDGET for those months that remain after the old appropriation is exhausted and before the new appropriation is opened ? Such is the question prese
...nted for discussion.
30. The Three Interests Inyolved.— Before considering this question in detail it may be well to call attention to the three interests involved. These are the financial interest, the administrative interest, and the constitutional interest.
First. The financial interest demands that the expense for services should be kept at the lowest possible point consistent with efficiency, and that an equilibrium should be maintained, so far as possible, between the aggregate of income and the aggregate of expenditure.


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