Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1868-10-31

An Able Letter from President johnson.
WASHINGTON, Oct. 25.-The President
has addressed letter to General Thomas
Ewing. in relation to tho national expenses
Of the public debt. After recapi,ulaiing
briefly the history Of the public debt after
the revolutionary war, the war Of 1912,
and the Mexican war. t. says the d bt in
February, 1866. was twenty. EIGHT hundred
millions. the expenditures during tn. last
tn re years have been respectively FIVE hun.
dred and twenty .thrre millions. three hun.
bred and thirty six millions. ami three hun.
dred aud srventv.'hree millions. He pro.
ceeds to say these startling facts. thus con.
cisely stated, suggests a" enquiry as 10 the
cause of this increase in the expenditures
and indebi edn-ss 9th. country. Durin z
the civil war the maintenance of the Fed.
eral Government was the one great purpose
which animated our p-oplr; that economy
should always characterize our financial OPP
erations was overlooked in the great effort
Of tho nation to preserve its existrncr !;
many abuses which had an origin in the
war. continued to exist long after it had
been Brought to . triumph termination.
The people having been accustomed 20 q
fash expenditure If the public money for
an object 40 dear to them ~ the prcserva-
ton Of the integrity Of their free institu-
tons If thu country. have patiently borne
the taxation Of most oppressive chsrac.
ter. Large sums Of money continue to be
~xtorted from thu people and rquandrrsd
in useless extravaganza. Enormous exp~n.
ditures are demanded, for purpos-s, ths
accomplishment If which require large
Standing army, tho prrvsrsion Of tho Cou-
stitu'ion and the submission Of the States
to negro domination, with military rstab-
lishmsut, costing in time Of peace not less
than one hundred millions annually, and .
debt, the interest Of which draws one hum
dred and fifty millions annually. We have
two hundred aud fifty million for these two
items of expenditure. R-trenchmest has
become an absolute necessity Or BANKRUPTCY
will soon ovrrtake 10 and involve the
country in parsls. ing results. The idea
that the debt 10 to become permanent
should b. discountsnanced - inv"lv ing
taxa,ios too heavy to b horns. and the pay
meat Of a. amount Of iaier~se every 6ttsen
ysass equal to The original sum. This i'm.
nenss debt, II p~smi,ed 10 become psroa-
cent. muas svid~ssiy Be gash~sed isio the
h.sds Of Q fsv. and sasbls them b ss.ss
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