The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-09-29

the trade and goods in their own hands
They maintain their prices just tn
same as when they paid the tax. Th
result is. "a decided falling off in tn
Internal Revenue collections, although
the Custem receipts have been create
than for any month during the yea
and the working force of the various
departments has been considerably re
duced." And this falling off will con
tinue to grow larger. 1t cannot b'
otherwise. In present hands the ex
penditures of the government are II
round numbers $500, 900 year. Al
the debt is increasing of coarse its re
sources must be less, but we will cal
them 100000. With the outgo fiv'
hundred millions, the income five hun
dred millions, aud the expenditures no
reduced, Congress takes from favored
interests taxes which have heretofore
gone into the income amounting, the
Radicals figure in their reduction o.
taxation," to Sl5O,OOO,O00. Now any
body with half an eye can see that when
the full force of this reduction" is felt
the government must run into debt at
the rate of Sl5O,OOO,OOO a year. The
increase of over S12 100000 for the past
month is at just about that rate.
AS we have before remarked, it is not
the debt audited and appearing" upon
the books OF the Department, or the
current increase alone, that merits the
attention of the taxpayer. The wal
claims of "lOyap men at the South and
all sorts of men at the North, now he Id
in allegiance aud looking anxisusly to
the election of General GRANT and an
other Radical Congress, are given by
the highest Republican authority at
S., 900, 100000, and that authority de-
clares that over 81 100000, 900 will have
to be allowed. We have once quoted
Mr.. DELANo, (Rep.) of Ohio, Chairman
of the committee on Claims in the last
Congress, but the official facts within
his knowledge and stated in his place
upon the floor of the House of Repre-
sentatives are worthy of reproduction
in this connection:
MIR. Delano (Rep.)- Mr..
Speaker, know very we'll that there
are reasons why these considerations
should be expressed. Our nation now
groans with the weight of public debt
and necessary taxation, and our credit
must be maintained. know that there
are floating claims against this nation,
not less in amount than OO0,OOO,OOO,
according to my estimate; and these
claims. if admitted at all, will never be
settled with less than $4,000, 100000.
do not believe they will be settled for
that.
MIR. Boutwell, (Rep) )-Win the gem
tleman let me ask him question
Mr.. Delano-Certainly, sir.
Mr.. Boutwell, would ask the gen.
tleman whether, when he refers to this
floating debt, which cannot be liquidat-
ed withsut an expenditure of 81 900 ,G00,-
900, he refers to claims that may be
brought by persons in the eleven States
lately in rebellion
Mr.. Delano-I refer only to claims of
loyal persons.
Mr.. Boutwell, would ask him
whether he includes claims that may be
brought in by States lately in rebellion
Mr.. Delano-l refer to such claims as
will be made by loyal people in all the
States, and none others. When | say
that it will take $1,000, 100000 do it on
the assumption that we shall compound
these claims in some manner without
settling up to the full amount.-COn-
gressional Globe, PIP. 2lo9-2l9O.
On the 1lth of September, 1865, the
New York Tribune published speech
made at Lancaster, Pa, by the late
THApDBUs STEVENS, who had been not
only the leader of his party but the
Chairman of the Ways and Means Com
mittee of Congress during the war, in
which he put the debt when all in and
upon the books of the Department at
over 81, OOO,OOO,000. We quote Mr.. STE
VEINS as reported in the Tribune:
Our war debt is estimated at from
three to four billions Of dollars. In my
Judgment, when all is funded and the
pensions capitalized, 1T WILL REACH
MORE THAN FOUR BILLIONS.
Again, he thus stated and commented
upon the national taxation
-Four hundred and serenity millions to be
raised by taxatiOn-Our present heavy
taxes will not, in ordinary years, pro
duce but little more than half that sam
Can our people bear double their pres
ent taxation
He who unnecessarily causes it will
be accursed from generation to genera
tion. 1t is fashionable to belittle oul
public debt, lest the people should be
come alarmed and political parties
should suffer. / have never found i,
wise to deceive the people. They car
always be trusted with the truth. Cap
italists will not be affected, for they can
not be deceived. Contide in the people
and you will avoid reputation. De
ceive them and lead them into false
measures, and you may produce II.
We pity the poor Englishmen whose
national debt and burdenseme taxation
we have heard deplored from our child
hood. The debt of Great Britain is just
about as much as ours $4,000, 900, ,0OU-
four billions. But in effect it is but
half as large-it bears but three pei
cent. interest. The current year the
Chancellor of the Exchequer tells US
the interest was Sl31 ,s06,9S0. Ours
when all shall be funded, will be nearly
double.
These were the words of the grea
political leader and the great financia
leader of the dominant party in one o
bis moods of telling the truth and sham
ing the devil. Bondholding Capita
and Taxpaying Labor would do we'll t.
heed them.
LoNGsTREET seems to glory in hi
Radicalism. He has been hob nobbinl
with the negroes of the louisiana Leg
islature. A New Orleans paper says
1The Gensral's friends cannot but b