, 1857-03-06
pemocrntIe to rny yonr p,ht..

: Democratic to pay yonr Debts.
! The present Democratic administration
has been more vilely slandered and more
iafamously lied upon than any that has
preceded it !; but it is doubtful whether any
Of its predecessors can exhibit better bool
!, account. Dnring the administration o.
President Pierce, remarkable feature in
the financial transactions of the govern.
moDt is the fact that, in order to redeem
the portion Of its debt which it has extin.
guishel, it has absolutely paid n premium
of upwards of ten per cent. To The gov.
ernment this has been u profitable opera
ton in the saving OF interest, which it would
have had to pay for large number Of
years. But no government in the world
has ever before done such a thing, or been
able to do it, Such is the result of demo.
cratic policy, faithfully administered by
democratic men.
A Good showing.
The report Of the Secretary Of the Treas
ury develops the fact that when General
Pierce, in March, 1853, entered upon the
administration of government, the pnblic
debt was $7I,S79,937. In extinguish-
ment Of this debt and premium there has
been paid $45. S25, ,3I9, and the balance OF
debt is $50, ,963, 900, all Of which, says
the message, might be extinguished within
a year, without embarrassing the public
service, but being not yet due and only re-
deemable at the option Of the holder can
not be pressed to payment by the govern
mcnt." In the matter of paying off the
public debt, the administration Of President
Pierce is scarcely rivalled by that of Gen
eral Jackson. In fact, no administration
the government has ever had can show a
better footing up Of receipts and expendi-
lures than that Of President Pierce. The
financial interests of The government are in
a better condition to-day, than they were
ever known TO be.
An Unexnmpisd Record.
The New York Times reluctantly PAYS q
tribute to the Democratic administration of
President Pierce, by saying "The an
nual report of the Federal Treasury De-
partment, affords the highly satisfactory,
and in the magnitude Of the sum, .unexpect-
ed information that the foreign trade Of the
country for Treasury year ending S0th Of
June last, skOsos balance in 6dc6r of The
United States Of $l2, 2,324,976 The previs
Gus semi.oilleial returns had authorized the
confident estimate that this balance would
be at least FIVE millions Of dollars but as
the figures for the last quarter were not
known, except for tho port Of New York,
and as a general trade Of the country
during that periOd-April Isto June 3D.
has gone ahead Of the most sanguine cal
eulatiOHs, we have now the pleasure OF
congratu tulating our financial readers upon
"a precise OFFICIAL RSsbiF for the whole
year, Tie magnitude Of tvaieh has no parallel
in the history Of The Gorernnlent" Chicago
Tines.
BG- Mr.. Guthrie, the Secretary Of the
Treasury, in his report just submitted to
Congress, estimates that we have retained
in the country $3.50, 100000 Of California!
gold. gt.+
BdS- 1t is said that Mr.. Secretary Guth-
rie, in framing his reciprocity tariff with
Canada, made tho duty" on milk 50 high
that farmers on the royal borders, instead
Of milking their cows at home aud sending
the milk in cans into the States, find il
more economical TO drive their cows over,
milk them on the American side, and then
drive them back again.
B9- The Albany Ereniag Journal, q
bitter and unscrupulous black republican
journal, says that SO far as the financial
interests OF the country are concerned" "
under the administration OF President
Pierce, they have been managed with
fidelity and integrity" 1t did not require
the testimony of an enemy TO establish this
fact. The people have known it all the
while.
The Philadelphia Gazette says that Mr..
Campbell, the Postmaster General, will
leave the department in as prosperous o
condition as was possible for the admins
trative skill of q single man to render IT,"
What married man might have done,
the Gazette has neglected to state,
DG- The value Of the real and personal
estate of the United States is reported for
the year 1856, by Mr. Secretary Guthrie,
at $lI,3l7, GIL ,6T2-that is over eleven
and quarter billions Of dollars. The
total population is 26,O64,3l souls.
R6- According to the report Of the Sec
retary of the treasury, the total amount
already available aud yet to be appropria-
ted for the expenses Of the year ending the
30th Of June, 1858, is $7l ,304,S22.
H6~ European capitalists are supposed
to have invested in our railroad stocks and
railroad bonds about $65.OOO,O 900, and
the whole amount of foreign Indebtedness
will approximate at least $3.50, 100000.
South CAROLINA LEGIsLArURE.-Resolu