The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-09-25

Total Observation-Disclosures. 81 900, DOC, 900
Already paid 1915, 600
Amount still due. ass oOo, 900
The statement of the receipts and expenses of the
government for the last three years submitted by me
at the republican convention at Worcester appears
to have excited great attention, aud to have been
highly satisfactory to all loyal and true men. Had
the democratic leaders been willing to acknowledge
the truth-had they been earnest IN their desire to
malntain the honor and credit Of the country-they
would have admitted the unanswerabe evidence
sources but would have denied my right to
claim for the republican party the credit OF the
wonderful results which have been accom-
pshed during the last three years, In the
Of one.auarter Of the total debt IScnrred. Thew
might have said "Al this Is true; but it Is to the peo-
pe-to the nation-that this credit is to be given,
and not to party" And should have admitted
their claim and have asked them to cooperate with
me and with the honest men Of all parties and re-
OF our debt by honest payment as soon as possible.
But the answer to my statement made by the
leaders OF the democratic party-if answer 1t can
to continue to deceive their followers by entering
general denial OF the facts unsupported by q
particle of evidence, and to make up for the
weakness of their case by personal abuse. For
this thank them; should OF the called demo-
cratic papers of the present day insult me With COM
mendation should Immediately examine my record
TO see what dishonest or dsloyal act had CON-
mitted.
/ will note merely one argument which has been
used aga nst me. The New YORK World alleges that
our debt, since If we had our credit would have I'M
proved and the premium on gold would have de-
cined But they fall to remember that by the act OF
J. Wilkes Booth the administration was changed,
and they ignore the discredlt which their leaders
have ca, sed by their avowed intention OF repudiat-
ing the debt should they come into power. a
That all those who now call themselves democrats
intend reputation do not AFFIRM but the very act
OF the democrats OF Massachusetts, in their State Con-
vention, IN rejecting the financial plank adopted by
the so-caed democratic national convention and
adopting the republican policy in regard to our debt
Is full and damning condemnation Of their asso-
But my present purpose is to make a financial
exhibit which, while it Is entirely different from my
former one, will yet fully confirm the statements
In the year 1857 the total debt Of the United States
about 500 ooo, 0o) This debs steadily increased
during the administration OF James Buchanan while
that honorable democrat Howell Cobb. since traitor
and now again q shining light in the democratic
party, was Secretary OF the Treasury. In 1860 the
de0t amounted to little more than $50, 0oo, 900.
by those Distinguished democrats FLOYD, Toucey and
Thompson, to the armng and equipping Of the
Southern states to prepare them for belon. This
sum is therefore part and parcel OF the debt which
the democratic party have enaied upon the country
and ia part OF the cost OF the war; now propose
to state the entire cost OF the war; and to prove that
we have paid three-eyhtbs OF tts cost already.
All my statements Of revenue and OF debt are taken
from the finance reports OF secretaries Cobb Chase,
Fessenden and McCulloch for the years 1851 and 1867
inclusive and for the year 1868 from the official est
mate recently made public.
The war began in April, 1851. During the next
quarter the whole revenue, other than from loans
wasless than s6,ooo,ooo, which sum is included In
the following statement
The total revenue OF the United States from April
l. 1851, to June 80, 1865 being and a quarter
years OF active war or OF quasi peace has been al
follows:--
From internal revenue 81 123 100 48s
From customs. NEUTRALITY-SUSPICIOUS.. 80, sO4 46S
From land sales. ACKNOWLEDGEMENTS. 5,lAs2I3
From direct taxes. Observation-Disclosures. 1881, CAS-
Miscellaneous being premium on sales
OF gold sales OF captured or aban-
doned property and sales OF surplus
material OF war. ACKNOWLEDGEMENTS. "a, 467.672
Total In gold and currency. 81 2I3, 349 ass
On the 10th Of june, 1865,
we owed. ............ 81 5l1 900 900
Deduct bonds advanced
to the Pacific Railroad. 26,Oo0.000
24s5, 600 900