The Wyandot pioneer. (Upper Sandusky, Ohio) 1853-1868, 1867-08-15
[For the Pioneer.
Democracy versus the National
Debt.
NUMBER 2.

NUMBER 2.
According to the official state
ment of the Secretary of the Treas
ury, the National Debt, on the 1st
instant, less cash in the treasury,
amounted to $2,511, ,306,426,01.
Whosoever attempts to disguise
the fact that this is large sum, and
q burden to the people, must prove
himself no less disingenuous, and as
great demagogre as did Judge
Thurman in his Wayefly speech on
the 9Th inst when he stated this debt
to exceed $3,OC0,000,000, and that
we were now running further into
debt every day, while the official
statements OF the Secretary of the
Treasury show, that from November
lst. 1865, to August 1st 1867, this
debtwas decreased justS230, ,0S4 ,496,
10, or over S360,000 day, land this,
although in the meantime, we have
had the extraordinary expenses of
our Indian war, Reconstruction, and
the Pacific Railroads!
But, Notwithstanding the magni-
tude of our debt, when the resour-
ces OF our country together with the
energy and financial ability our peo
pie are fairly considered, if we can
but secure peace and harmony, we
shall have nothing to fear There
will then be no danger of a foreclos-
ure of the tremendous mortgage
Which Judge Thurman Informs us so
hopelessly encumbers every dollar
OF our property: but which he omits
to add,-doubtless because aware
that every intelligent man knows
the fact, was given to secure debt
forced upon us, only by the perfidy
OF his own traitorous patty.
Look at the facts In round num-
bers, as we have shown, this bebt is
$4,000, 100000 our population
33,000,OOO.
This debt, therefore, amounts to
q fraction over $75, to each inhabi-
tant: and, upon the supposition that
we have one voter to each six of the
entire population, which is high
estimate, it averages $3.50, to each
able bodied man, twenty one years
of age.
Now if every man at once had tc
raise this $75 for himself and fo1
each member Of his household, il
would doubtless be grievous bur
den upon the heads Of poverty strick-
Ell families of twelve to fifteen and
upwards; and, as such families are
almost always found in that party:
it would amount to well grounded
source of complaint, to the very
prolific Democracy, Such, how.
ever, is not the case, but these funds
are raised only by directly taxing the
business and incomes of the rich
and prosperous, while the poor have
to share the burden, only to the ex
tent of the increased price they pay
for the necessaries oflife, by reason
of fimport and other duties imposed
by the government, which tho they
come out OF the people in the end
fall comparatively lightly upon the
poor, beause chiefly imposed upor
luxuries, used only by the rich.
And how grieyous is this burden III
der the present revenue system
AS we have already stated, notwith
standing our extraordinary expendi
lures in the mean time, and whicl
are not likely to continue. we have
decreased our debt during the las
4twenty- months at the rate o
over $26O,000 day a rate that viii
pay the entire sum in less than TWEEN
ty years, without taking into ac
count the fact, that every paymen
of principal forever stops its proper
ton of subsequently accruing in
terest, SO that all subsequent in
stallments Of revenue that woHlt
otherwise be required for this inter
est, may be used in payment ofprin
cipal. and thus diminish this bur
den in a constantly accelerating IA
ito. Yet the entire burden of taxa
ton, direct, and indirect, for thi.
pun lJOoC, Aoo ICtSA 6IiuOuItCo w - III
per centum per annum on the as
sessed value, and to but little owe,
one half percentum, on the actuo
cash value Of the property Of thu
people, nor to five per centunl o
our annual products, as shown b,
the most accurate-statistics
And here, at the expense of show
ing still more conclusively no con
sumate demagogue, Or how igno
rant man, the Democracy are at
tempting to foist upon us as Cover
nor, we must quote passage from
his last speech, by the side of
passage from the official report o
the Secretary of the Treasury.
In his Waverly speech, of the 5tl
instant, speaking Of the condition o
our country thirty three years ago
and now, Thurman said, "Then W,
we're the least indebted country OF
the globe, now ace oWe more Ma1
any other equeal number Of mankind
and our public debt exceeds So, ,O00
600, 600. Then, we were the light
est taxed people in the world-now
no other nation groans under a bur
den of taxation equal to ours"
In his report, to which we hav
alluded, formed On page 40, appeh