The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-07-20

W. A., MCIf "
read from their declaration of prinei
pies. n &c. =
Immediate restoration of all th,
states to their rights in the Union, IN
DER the Constitution, and of civil gov
ernment to the American people.
~ Amnesty for all past political OF
lenses, and the regulation of the elcc
tive franchise in the States by their cit
izens.D ....s.-... :.
CORRUPTION AND EXTRAvAGANCE OF THI
REPUBLICANPARTY. u
The Republican party is the party o
usurpation. 1t is also the party of cor
rnption.s Read the report of the Com
missioner of Revenue. Count the nun
ber of clerks who are seeking in vail
to discover the amount of peculation II
the Treasury Department. Go to the
War Department and see the mutilat
ed archives and ask why they were
destroyed Visit the penitentiary and
count the public plunderers who are
confined there, [Applause.] 1t is the
party of extravagance-the war party
ended in May, 1865.
During the three years, from July ],
1866, to July 1, 1868, the expenditure oi
the Federal Government, independent
Of interest on the public debt, was eight
hundred and twenty millions of dollars,
These were years of peace. The army
and navy of the war had been reduced;
their back-pay had already been made
up to them; immense sales Of Govern
ment property, consequent spon the
close of the war, had been made, and
yet in these three years the Republican
administration expended eight hun
dred and twenty milliens of dollars
two hundred and seventy millions OF
dollars year. Ef-
CONTRAST WITH DEMOCRATIC ADMINS
i.aSy TRATIoNs.
The whole expense of the Govern
ment of the United States for four years
preceding the war was two hundred and
tifty-six millions of dollars. These eight
hundred and twenty millions do not in
clude the interest upon the public debt.
If this be added, the expenditure ofeach
one of these three years will amount to
at least four hundred and thirty mil
lions of dollars. The taxation Of the
year 1866 amounted to five hundred and
ninety millions of dellars. The taxa
tion of the last year of Mr.. Buchanan's
administration amounted to eighty mil
lions of dollars. The expenses of the
War Department during the whole of
Mr.. Folks ADMINISTRATION, including
the Mexican war, were 500, $40, 900; the
expenses of the War Department for
1867 were Sl25, $50, 900. In one year of
Republican administration, in time of
peace, the War Department spent $780,
0O0, 900 moro than four years Demo
cratic administration did in time Of
war. Applause.l The Navy Depart-
ment for four years, before the war,
cost S62 10000. Then our commerce
was prosperous, our ships sailed on
every sea and landed in every harbor.
To-day we have no commerce, foreign
flag covers all the trade to our sea-
ports. The ship-builders Of Maine are
starving for want of occupation, and
yet the estimates for the navy, for the
current four years, is Sll7, 100000.
FINANCE AND TAXATION.
| have said to you that the taxation
of 1866 amounted to $500, 100000. am
told that this year it will be less. The
securities of the Government are not
subject to taxation. The capital in
vested in the securities reaches S2,500,-
100000 All the property, real and per-
sonal, of every kind, as derived from
the official reports of 1860, amounted to
SIG, 900 100000. Thus you see that near
one-sixth of all the capital i'll the coun-
try is exempt from taxation.
But why is it that the amount real
lied from 1869, will be less than the
amount realized in 1866! The rate of
taxation is substantially the same. 1t
is true that this Republican Congress
has diminished, as u whole, the taxes
on the manufactures of New England;
it is true that they will diminish some
what the taxes upon whisky, but the
amount collected from either of those
sources would not materially change
the aggregate. Why then, ask again,
will the amount realized from taxes
this wear be less than in 1862 The
burthen upon those who do pay is just
as great as it was then. The difficulty
of making the payment is even greater
than it was then.
TIE GENERAL DISTRESS AND IT'S CAUSE.
A cry of distress when the day for the
payment of taxes comes around, arises
from every part of the country; and it
is because the business Of the country
is stagnant; it is because your work
shops are idle; it is because labor finds
no occupation: it is because the pro-
duce of the farmer remains on his hands,
instead of going to the market; it is be-
cause your stores are overloaded with
abundant stocks; it is because energy
and enterprise are paralyzed, and CAPT
tai remains inactive.
CY-CONTRACTI0N.
And why is all thisl Because a Re-
publican administration insists in cur
failing the currency, disturbing all
values, checking all enterprise, throw
ing out of employment all labor The
tradesman is caught with large stock
on declining prices. The farmer fears
the fall which may overtake him before
his wheat reaches the market. The man
ufacturer fears that the price of his raw
material to-day will be greater than
the price of his manufactured goods to-
morrow, and the capitalist will net
take his money out of Government
bonds and invest it in houses, or lands
and stocks, lest the rents and dividends
will net yield him simple interest. In
the meantime, labor is without employ
ment, and poverty stalks through
homes where comfort has always been
before. Applause. In the meantime
this work of contraction is steadily
pushed. Leok ut every monthly report
of the Secretary of the Treasury, You
will find that every month the deb,
that bears interest III gold is increased;
you will find that every dollar which
bears No interest at all, or which bears
interest in currency, is converted a:
rapidly as possible into the bonds which
pay interest in gold. And why is this
Is there too much currency in the coun
tryR No one will dare affirm so much
and yet this work of contraction still
goes on, and value is coined for th'
bondholder out of the sweat and tears
the blood and bones and muscles of tht
laboring man.
| TINTED STATES BONDS