Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1868-10-15

THE Counter FINANCIAL STATEMENTS
The financial "offcials" Of the two grca
parties are for the Democracy, Mr.. Del
mar, Director of the Bureau of Statistics
and for the Radicals, Mr.. Wells. Of tE'
Revenue Bureau. Between these 10Th
cialsr there is very wide difference
upon the national debt over nine hundred
and fifty millions; upon the expenditures
Of last year twenty-three and half mil
lions upon the expenditures for this year
si1,y-si1 millions upon the falling shor
Of the receipts ose hundred and 6fty-toui
niuion..
The Radicals swear by Mr.. Wells; thos'
who question his accuracy encounter th'
ire of the old hshwoman Of the Tribune
who STYLES them ,'liars without shame
and that anybodyf'lies-wickedly, VII
Iianously lies"-who may feel disposed t.
| dispute the accuracy of Mr.. Wells. th'
Radical manipulation of official figures iol
party purposes. In what respect Is Mr.
Wells more worthy of belief than Mr.
Delmar! They were both appointed as
Republicans, and were both ''tared with
the same stick :" the Democratic party Is
not responsible for either ofthese officials
Mr.. Delmar was quoted approvingly by
all the Radical papers as long as his ig-
urcs met the purposes Of the party, but
the moment he revealed anything not ex-
actly suited to the delusion and deception
which that party has been practising upon
the public credulty, every organ OF the
party denounces him with great vehe-
mence. There are capable men cosncc-
ted with the newspapers as qualifi d
to form correct opinion upon the Il
nancial condition of the country as MIR
Wells, who regard the statements made
by Mr.. Delmar as entirely correct. The
New York Herald, which supports Gen.
Grant says -
Now, whatever little errors Mr.. Del
mar may have fallen into in his details
or whatever may be his feelings with re-
gard to our Radical Congress and the
Radical party, his statement o" The
rhole is correct and far more re-
liaHe than those Of -Nr. Wells and Mr.
Atkinson. He shows by figures what we
have repeatedly said-that the income OF
the Government is falling off greatly,
while the expenditures are increasing, and
that the cash in the Treasury is rapidly
wasting away, threatening to bring 1t IN
the course of a few months to bankrupt
condition. Nor do we think Mr.. Delmar
is far from the truth in his estimate of a
deficiency of hundred and ifty-tour mil
lions of dollars at the end of the year,
June 80. 1869. His exhibit of the fl
nanccs was published in the Herald yes
terday. 1t may be seen there how he
reaches this result. Ue takes facts to'
the foundutton of his arguments, and MS
conclusions, IN the main, are 'neontrorsr-
ttMe. What deplorable state OF things
for the people of this country to contem-
plate Enormously taxed AS we are,
there is likely to be one hundred and nj
tv-four millions of deficiency added to the
debt at the end of the present fiscal year,
Such is the consequence OF incompetent
and Radical legislation. The c1pendi-
ture for the War Department and for car
ryiug out the reconstruction measures OF
Congress is stnpcndous, and there is the
greatest extravaganza in everything. At
the same time the taxes that have been
taken off in favor of few manufactures,
and the enormous losses by frauds in the
revenue, arising from the deadlock be-
tween and disorganization of the e1ecu-
tive departments of the Government, must
leave the Treasury bankrupt. unless new
taxes be imposed, or loan be made. In
any case, we do not see what is to prevent
the Treasury being drained of its cash,
and the debt increased What the coun-
try wants now is another and ablor set OF
men in Congress than those who have
brought us to this condition. ThatlS the
only hope or remedy We see. and 1t re-
mains with the people to determine at the
approaching Congressional elections whe-
thcr this remedy shall be applied. or we
are to 90 on in the same disastrous course