The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1868-08-24


And the taste of it Fuckers
My mouth like suckers! es
declare, believe the old parson was
rightl - fa
The Decrease Of the National Bebt.
Notwithstanding the cutlery made
by the Democrats at the assumed IN
crease Of the national debt under Re-
publican management, the figures
show beyond question thatsit is not
only rapidly diminishing, but at the
same time the taxes are being re-
duced.
At the beginning of the fiscal year
ending June 30, 1868, the total
amount Of the debt was 50 511 ,306,-
1926. Inc uded In this amount are. as
we showed some days since, $15, 402,-
600 Of bonds Of the United States pay.
able in thirty years by the Union Pa
cific Railroad Company, and Ia default
Of payment by the company be paid by
the Government. These bonds, how
ever, are second mortgage upon the
road, its rolling stock, and all the
lands granted to it, which may be In
its possession at the maturity of the
bends; and these grants for privi
leees are contingent upon the pay
ment of the bonds at maturity by the
company. Now, bearing this in mind,
let US revert to the figures of the debt
at the beginning and at the end of
the last fiscal year.
On the 1st of August, 1867, the total
debt, including these Pacific Railroad
bonds, was S2511 BOT, 1926. On Au-
gust /, 1868, the total debt, still in
GLIDING the Pacific Railroad bonds,
was 81. 523 534 ,4S0, showing what the
Democrats falsely assert is an increase
of $l2, 22S. 054 in the aggregate debt
during the year, but on August ],
1867, the total amount of the Pacific
Railroad bonds then issued was 49,
402, goo Since that time the Pacific
RAILROAD has been built at a speed
never before known in the history OF
railroad construction, and now
stretches its continuous line of rail
1850 miles west from Chicago. To
aid the company in doing this, the
General Government has loaned Its
credit to the amount of SIG, S08, 600
more. in addition to the previous
So, 402 600, making a total of 1872
2l0 600 in all. Let US deduct this adj
ditional $40 S0S,000 from the total
debt as it stood on August /, 1868,
and we fird that the debt has actually
decreased 1855, 946 since August l.
1867.
But this is not all. There was a
large indebteduess of the Government
wtich never took the form of an alb
solute promise to pay in the sense
belonging to the bonds, Treasury
notes, and other national obligations
The soldiers and widows OF soldier:
who had helped to preserve the Re
public In the war which Southern
Democrats had waged against it haC
claims for bOunties to large amount
A reimbursement of money expended
by several of the States was demand
ed to the amount of many millions o
dollars, and thousands of individual
whose property had been taken OF
destroyed by our armies during thu
war. also made equitable claims. Thu
bones of Union soldiers killed il
battle, or starved to death in South
ern Democratic prisons, were scat
tered over a dozen States, and the,
were to be gathered with tender car
and placed in National Cemeterie.
for the reverence of future genera
tions. All these items, though the,
never appeared in any schedule Q
the public debt, were regarded by tn
Republican party as most sacred oh
legations of the Government-obliga
tions to be paid before all others, al
to great extent, they have been
These items of extinguished deb
stand thus:
SIS 900, a
Reimbursing 10, $50 Il
Payments for property destroyed. DILL ~
FOR National Cemeteries...-..---'---- tszssu
5i2s4, 3
Now let us add to this the $3.50
946 OF reduction of the bonded deb
and we have the total reduction of til
debt, viz: SOS. S14. 294.
1t should be observed that in. thi
table none of the expenditures for til
Freedmen's Bureau, and none of tn
expenses Reconstruction, have bee
included, both extraordinary expense
of over twenty millions of dollar
which will not have to be INQUIRE
again. Looking at this account, an
considering the financial dificulfit
with which they have had to conten,
what honest man can say that the r.,
publican party and the Republics
Congress have not done a great an
noble work during the past year?
Is it not apparent that, instead
being on the road to financial rui
we are on the road to the grande
financial success ever achieved by a
nation, aud that the only thing th
can cheat us out of it would be t
success of Interpolation schemes
the Democratic party?-Chicago n
bNRe.
HOratIO seJ mOur as He Was and
It is impossible for the supports
..-o1..oo eroooI