The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1868-09-17
TheIPubIic Debt.

ThelPublIc Debt.
Official reports show that the Public
rate of 1900. 600 per, month"; under
Radical legislati .-RegisteT:
In the first place, whether monthly
increasing or diminishing; the fuctua-
tions in the balances are not the result
of radical legislation" but Of Demo-
cratic manipulation of the revenue ser
vice, filled with thieves at the dictation
of VallandIgham.
In the second place, even under the
manipulation of Democratic Secreta-
nv, appointed and kept in his place by
Andrew johnson, who is doing his ut
most to make the Treasury Department
subseryient to the election of Seymour
and Blair, the public debt is not in
creasing, according to Mr.. McCulloch's
own exhibits. Here is the proof:
The following figures show the chan
ges in the condition of the public debt
from the LIST Of August to September Isl:
DEBT BEARING coin INTEREST.
Increase. Decrease.
s per cent 1910 bonds. s-......... s............
per cent bonds, eSl...... '''''''''''
o per cent $40 bOndF--..-. 109.sSV .-.-'.''''''
DKBr BEARING CURRENCY INTEREST.
Compound InterestNotes .....-..... n,Oo9,4s0
3 per cent OBSERVATION-DISCLOSURES '..a.''-.S
Navy Pension, 3 per cent .-......-..
NATURED DEBT NOT PREsENTED FOB PAY
.......... g7ss.oo
Compound InterestSotes
matured previous to
May 15, le85.................... ........ 9SO,410
Bonds Texes Indemnity. ........... ...........,
Treasury Notes, acts OF
July IL, 1851, and preVi-
Bonds OF 1875, 1877 and ''''''''
Treasury Notes, March ., '
rd sssS Iosa::: 80
Certificates of 1ndebte1.
ness
DEBr BEARING no INTEREST.
United States Notes....... .........-. ..........
fractional CuTTency-...... .,......... -G5, 400
Solu Certlncates..-...'',.....2 'I4sOOO
LIABILITIES As KHpoRsER.
Union Pacific Railroad s
SIl0I,OOO
CASH BALANCES.
IncrenIe OF coin in Treasury leo Us
Decrease OF currency In Treasury -. ell toIS zoe
The total debt, less the cash in the
Treasury, foots up 81, 535, 6l4, S13 on Sep
TENDER LIST, against 1852, So, 4so on
August LIST, showing an apparent In
crease of 312, OT9 .s33. notwithstanding
this apparent increase, the government
is really in better financial condition
than IL month ago, for IL must be re-
membered that the $4,000, 900 paid for
Alaska was paid out of the gold, shown
to be in the ownership of the Govern
ment On August LIST. Increase Of debt
when it is accompanied by correspond
ing ownership of something that shows
for the money, is not Objectionable, nor
does it put tie debtor in any worse f.
nanclal condition. Otherwise a man
who buys goods or land or anything or
credit for any sum, say $4,000, NIGH
be said to $40, 600 worse of than be
fore, because he isin debt that much
when the truth is he preferred the goodl
or the land 10 the money, and If he hal
purchased with ordinary discretion Il
better off for the purchase. 1t is in thi
light that we must look at the purchas
of Alaska, and, in estimating the finan
cIaI condition of the government, de
ducts its cost from the apparent in
crease of the debt, for If we had no
preferred Alaska to the $1,000, 600, th
money would have remained in tn
Treasury, and the net debt would have
shown that much less.
The next item to be deducted is thu
increase ofSS, 1O4, COO of Pacific Railroad
bonds. Everybody understands by thil
time that the government is in reality
only the endorser for the Pacific Rail
road, and that the appearance of thes
bonds in the regular debt statement ha
always been OF questionable propriety
SO that this also should be deducted
This, with the purchase of Alaska
makes SO, 500 goo, which deducted from
the apparent increase of S12, O79, 1888, &C
counts for all of /! but SI,775, 1888. Blu
even this increase Is only apparent, 70
we lind that the government owns SO.
5O2, 9S3 more gold than month ago
the amount OF gold In the Treasury oil
August j, less the gold certificates, was
60, 1885, 0l7, while the amount Of gold
less gold certificates. on September j
was sol, 4OS, 901. 1.-THE Treasurer were t.
soil this increase of 81, 500, 9ss of gold a
the market price. the premium of Id
would amount to 81 900, s42, or enough
TO cover the increase Sits, 1888 no
otherwise accounted for, and leave I
balance OF Sl.15O, sos in his favor, ant
still the Treasury be no worse of fol
gold than a month ago. 1t is thus ap
parent that the financial condition IL
better than on August /. .-a5-
| 80 f---
a SAD CASE.
II any of our readers doubt the seri
oDsness of what we said yesterday
touching the mental condition Of tn,
Register man, they can.doubt no Longer
when we say that the foIloviup hand