New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-10-03
nEM0cRIrIC EALSEHOODS EXPOSED.

DEMOCRATIC FALSEHOODS EXPOSED
The exhibit of the state of our National
Finances which we print this morning, and
which may be regarded as official, will be read
with interest, apart from its political bearing,
| by every one who has the welfare of his coun-
try at heart. 1t completely demOlishes the
miserable pretense set up by Mr.. Delmar and
supported by The World, The Journal Of Com
merce, and other Democratic lights, that the
current fiscal year is likely to show large
surplus of expenditures over receipts. 1t de-
monstrates that, even with the present lax ag-
ministration of the law, the surplus Of receipts
over expenditures will probably range from
$50 OO0,O 900 to $75,0O0,000. With the rigid en-
forcement of the law respecting the collection
of revenue from tobacco and spirlts--and this
enforcement will certainly be attained during
the last quarter of the fiscal year, under the ad-
ministratiOn of Gen. Grant-the surplus Will
undoubtedly prove much greater. AS it Is the
receipts derived from distilled spirits for the
quarter of the present fiscal year just
elapsed make it certain that the revenue from
this source will be at least double that received
during the last fiscal year. 1t is useless to at
tempt to explain away these figures. One
and the actual receipts for this quarter, paid
into the Treasury, will undoubtedly prove
nearly or quite 100000 900. On the other hand,
there can be no question that the expehM-
tures. which last year were reported at $S'o-
900. 900, will be much less for the current hscai
year. Nothing has occurred which can In any
way tend to increase the expenditures above
the amount for the last fiscal year, except the
amount appropriated for the Alaska purchase,
an increase in the pension list of about $1,000
900. and possible Post Office deficiency OF
100000 Many facts can be adduced to show
that the expenses Of the last fiscal year will be
greatly reduced. Thus, for example, the
amount expended last year for interest on ac-
count Of the arrearages due on the compound
interest notes was over $140.000.0O0. This gear
the amount to be paid on account of interest
will not exceed $40, 100000. OF the truth OF
this any one may satisfylhimself BY referring
to the statement in regard TO the interest-bear-
ing obligations of the United States, in the
regular monthly exhibit published by the Sec
rotary of the Treasury.
Again. among the other items by which the
expenditures for tho present fiscal year, as
compared with those Of last year. are to be
reduced, we may mention the sum for the re-
endorsement OF States on account OF war
claims, viz. $1O,0OO,O0O; the diminution in the
appropriation for Rivers and Harbors. SiOOO.OOO;
in the appropriation for Freedmen's Bureau,
a.. 500. 900: while the reduction Of the Army.
which according to the official showing OF the
Secretary of War will amount to 1900 men
| hatyeen the first Of July last and the first oil
January next, THO reduction of the expenses OF
the Navy. and the Civil and Miscellaneous ilst,
will further reduce expenditures to the extent
of at least sj0000,OO0. With this, there Will
be an almost certain revenue OF $3i0OOO,0Oo.
| Besides il should be remembered that the
amount paid out for bQunties 100000 last
year, and siO,0OO.OOO estimated for this year
does not run over into another year, as the
expenditures for the present year will probably
pay all claims on the Treasury from this
source Congress- therefore. would on this
ground alone be safe in cRislating with view
to an excess of $4,000 900 in the receipts over
the expenditures for the next fiscal year. In
short the whole exhibit, instead OF being dis
couraging. rs Democratic authorities would
have the people believe, is In the highest de-
gree encouraging. and proves, what every one
acquainted with the resources of the country
has long known. that the enormous vitality OF
this nation Is sufficient to overcome all the adj
verso Influences that result from a long war,
the necessities for heavy taxation, and the
mistakes of weak and wicked Administration.