St Marys High School - Labarum Yearbook (Saginaw, MI)

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of the past year have brought us to the realization that life for those in earnest is fraught with joys and a contentment which will ever keep alive the happy memories of our Senior year. With just a tinge of sorrow at the departure coming only too soon, we gaze into the future, when school days must be numbered with past memories. Yes, soon We must leave the portals of our beloved Alma Mater but ever will we sing with the poet,- Long, long be my heart with such memories filled, As the vase in which roses have once been distilled, You may break, you may shatter that vase if you will, But the scent of the roses will hang around it still. -Margaret A. Kelly, '22 1. 0 .. C-haritable L-ively A-ccurate S-tudious S-uccessful O-rderly F-amous T-actful W-ise E-ntertaining N-oble T-houghtful Y-outhful T-ruthful W-itty O-bservant

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Ill' x tx 8 14. X The Rollf-Call of Happq Heats Avy HAT is it in our senior year that brings back to us those days, long, long ago, when as little children we entered upon the threshold of school life! We see again that fateful day and again we pass through those first happy years. How many things hap- pened to us then, and how clearly we can recall each of those old scenes, although new buildings take the place of the old. Our first years flew by with astonishing rapidity. Little did we realize the trials and troubles coming our way as we passed from one class room to another, or how many of our friends would leave us to be replaced by others, who would pass with us the remaining years of our school life. Our first year in high school was filled with unhappy incidents. Who does not know the feelings of a Freshie! We wandered from place to place, missing our appointments everywhere and giving the world in general a chance to mock and tease us. Our first class meeting caused a great sensation. Our officers walked proudly for a few weeks until the duties of their respective offices dawned upon them and then they waited anxiously the next annual election, when they hoped to be re- lieved of their weighty responsibilities. During our Sophmore year we made friends with all, even the new- comers, who entered with fear and trembling into the land which we now considered our own, Important Sophomoresj' was a worthy title for us as it is for all Sopliomores. Our Junior year was fraught with responsibilities for revolutions were rife in our midst. The majority of our class, or girl element, seemed to rise this year, and our officers were all girls much to the dismay of the boys who judged that our banquet could be better managed with their choice of directors. However, its wondrous success satisfied them and all were in friendly union for embarkation into the last year of our high school life. Our Senior year began with joy and yet with a suggestion of sorrow. I am sure that our thoughts are but an echo of the sentiment of countless other classes who have gone forth from dear St. lVlary's. The experiences

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Our Tlational Balance Sheet M yy HEN one is nearing the close of a pleasant journey it is often of interest to recall in detail the wonders of the territory tra- versed. Likewise a mental review of years lived through will serve to emphasize lessons learned from past experience. This fact is of practical significance to the American people as they stand at the present stage of post-war economic reconstruction and take a retrospec- tive glance over the period immediately following the signing of the Armistice. War-time repression gave way to wild extravagance. Wages were higher than they had been for years. All classes of people spent freely in spite of the exorbitant prices. As with individuals so with our govern- ment. Expenditures rapidly increased, taxes were raised, demands for money were made more frequently, and as a result the attention of econ- omists all over the land was centered on the one question of how to avert financial disaster in government administration. Congress and governmental oiicials made a study of the finances of the Government to discover whether or not material saving could be effected by readjustments in the governmental revenue system. Until recently the Government was financed by separate appropriations, but this privilege was greatly abused because sometimes money was de- manded greatly in excess of what was needed on the plea that the whole amount asked would not be obtained. In cases where the entire appro- priation was allowed, little diiiculty was found in devising ways and means of spending the excess. In a word, control of-Government ex- penditures was lacking. When these abuses were brought to the attention of Congress it was decided, as is the case in any successful business concern, to have some sort of central control and that every' year a reckoning should be made at the beginning and at the end of the year. As a result there came into being what is popularly termed our National Balance Sheet. This much needed reform came as a budget for Government expenditures and appropriations. It contemplated central supervision through an organization at VVashington known as the Bureau of the Budget. The inauguration of this new budgetary system was distinguished by a meet- ing of the heads of the different departments and the chiefs of bureaus with a view of working in harmony with the work of the Budget Bureau. The first work consisted in having each official submit to the Di- rector of the Budget a statement of the minimum sum required to run his particular department for the ensuing year. A collection of all these statements gave a scientific business-like estimation of Government ex- penses for a year. Thus it was possible to obtain almost at a glance a