Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1868-09-08

commissioner w ellis estimates the
regular expenses of the nation for
this year at S90,381,O13, which
amount, and no more, has been app
propriated therefor by Congress-
The last two years of Buchanan's
administration showed regular ex-
penditure of S81, 100000 and $50, 000,-
600 respectively. The slight increase
for 1862 is fairly due to the growth
OF the nation in that period. With
these allowances, the Republican pol.
icy costs no more than that of is pre-.
decessors.
5. More than one half of the mon
ey spent in the last eight years was
borrowed, and more than one tenth
of this borrowed money is already
payed. The rest of the money was
obtained either from the regular anti
war sources, or from taxes, the great
er part of which are now abated.
6. The existing Federal taxes do
not bear upon the masses of the poo
pie directly. The receipts into the
Treasury came mainly from customs,
i. Q. duties upon goods imported from
foreign countries and from the in
ternal revenue, the principal sources,
hereof being tobacco, distilled spirits
and fermented liquors. If these are
honestly collected this year by Mr..
Johnson's agents, the yield will meet
all the requirements of The Treasury
without constituting an enormous
burthen upon the people. No other
Federal taxes are levied, except upon
gas, matches, playing cards, perfum>
cry, cosmetics. patent medicines, and
few few other manufactured articles,
incomes, licences watches, carria ges
and plate. Such a 'burthen" as these
constitute peopleIwho understand the
matter, will"not consider very dis
tressing.
T. The Federal taxes, abated or re-
pea'ed, in the last two years, are es-
timated at at S167 100000 annually.
These taxes were taken off because,
with the payment Of the public debt
within reasonable period, could be
effected without them. TO that ex>
tent, therefore, the ubic buIthens
were diminished.
s. Every dollar Of the money re-
ceived in seven years stands faithfully
and honestly accounted for. If there
has been any Radical extravaganza,
it has consisted entirely in the nee
essary payments for the expense of
that rebellion which Democracy
brought upon us. No doubt, it is lex.
travagant' in Democratic point of
view, to buy powder and ball, pay
soldiers, build ships, raise armies,
equip fleets take care of the wound
ed, bury the dead, pension the Grip
Piled veterans, the widows aud orph-
ans-all to uphold the integrity of
the Union. Doubtless, it is equally
"extravagant" to undertake to pay
either the interest or the principle of
the money borrowed upon the ma
TONS credit. 1t is against Demo-
cratic principles to pay that interest,
and against their interest to pay that
principal. But an honest people will
honestly meet all its obligations.
8. In three years, since the war
closed, nearly eleven per cent. of the
debt has been paid off. Republican
economy faithfully responds to the
popular expectations, and to the hope
expressed by Secretary McCrlloch by
continuing the curtailment of expen.
ses and his estimates show that large
further reduction of the debt may be
made this year IF the Democracy
do not plunge US into another civil
war, the present scale of receipts and
expenditures viii enable us to pay off
the entire debt within the present
generation.