The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-08-28
"Troo LoiIty,,-It is TOO Expensive
for us to Keep.
d og ~ d.

ments of the National Government
since the war ceased, with those unde
former administrations, every thinking
person, it would seem, must concur VIII
me in the above sentiment for howeve
rare and extraordinary their qualitie
may bs, our people cannot stand tn
expense. The "trooly loil" party, it /
known, did not assume the excluslv
control of the entire Government unit
the last session of the Thirty-Nintl
Congress, during the winter of "66-7.
The reports of the Secretary of tn
Treasury show the entire public indsbt
eduess on the Both of June, 1866, II
have been S2,7S5, ,425, ,579.2l, withou
taking into account the money then il
the Treasury, which of course ceult
not vary the amout of the outstanding
debt, and it seems q report was made
by some official the first of the present
month, showing it to be 81 ,633, $50, 1890
showing q reduction during the twenty
five months of Sl5l 1886, ,l22.2l. 1t ap'
pears from the Secretary's report fol
1867 that SlO3,75s,9l2.e7 was paid
before October 3lst, 1866, and before
"truo loilty" had taken the exclusive
control of the Government.
The remaining S45, ,04S, ITO 81, on the
supposition the report of the present
month be true-is all this party have
paid of the debt during the twenty-five
months last past. The Secretary, in his
report of 1861, states the amount OF
debt on the Both of June and also the
3lst of October, 1866, in plain and
unamsiguous manner, without reference
to the amount of cash in the Treasury
at either time, but simply notes at the
foot of his account what the amounts In
the Treasury were at the time. In the
report for IS67-S, the amount of out
standing q Indebtedness at the different
periods is stated in this wise: Total
debt, less the amount of money in the
Treasury stating only the balance, af-
ter deducting the amount in the Treas
ury, which, at the time, considerably
exceeded 500, 100000, the deduction of
which would, of course, materially vary
the amount of outstanding indebted
ness. The amounts in the Treasury at
different periods were as follows, viz ::
June 30, 1o66, Sl32, ,SS7 $40 IL; October
81, 1866, Sl3O,326, ,96O 81; July /, 1867,
$3.50, 1896, POI 20, and 1st of November,
1867, Sl33, ,995, 1893 W. The true measure
of the public debt at any time is,
of course, the amount o. its
outstanding liabilities, and what money
it may have in the Treasury does not
alter the extent of it's liability, though
it may vary its ability TO pay. If A
owes b $1,000, and has 5000 in his pock
ct, this fact does not diminish the ex-
tent of his liability to B, for he, never
theless, owes him the $1,000. Besides,
suppose the next day A ssuanders the
$500, as it looks as though this "troo
loilty" has done with what was in the
Treasury, it would pay no part of the
debt to b. Mr.. Greeley says the official
report made tue first of this month
makes the debt S2,5l0,0 900 900, Orer
and ADORE the money in tho Treasury.
That is, this amount added to the money
in the Treasury gives the amount OF the
outstanding debt. Why did not that
official or Mr.. Greeley give us the
amount of money in the Treasury at
the same time, SO we could add them
together and see what the present out
standing debt really isi Ii we add the
amount in the Treasury June Both, 1867,
to the amount Mr.. Greeley's official
gives, it places the debt where it stood
October 81, 1866, after the SlO37e5,-
9l2 81, was paid, viz: S2;65l ,636, ,966 "a,
or nearly 50 per cent.
This statement of the amount of the
outstanding debt "less the money in
the Treasury" at the time, which must
be taken to mean that the sum of the
two gives its extent. aud the parading
of the one and squandering of the other
has doubtless been the cause of the con-
fusion, and has been made, it would
seem. an instrument in the hands of
this "troo loilty," to juggle and plunder
us with. | submit this unusual, un-
precedented ana Ambiguous mode of
stating the amount of the outstanding
debt, was adopted for the express pur-
pose of being used and played upon in
Just the way it has. l have not been
able to see the official statement, re-
ported to have been made the first of
the month. | have examined the
papers in my reach, and among them,
the Ueekly Tribune, issuing during this
month, and cannot find it. On the
whole, the evidence makes it clear,
the sum stated by this official, when
Il o. la in fhn Trnno
ut the time, will swell the debt to what
it vas October 81, 1866, and very
probably much more. Such kind of
jngglery with the peoples earning, by
The hundreds Of millions, certainly ex-
hibits this "troo loilty," in new and
striking light. 1t is as wonderful and
unprecedented as other things they
have done-but far more expensive !!
But how much have they received
since taking the exclusive control of
the Government in December, 1866 7
There was received for the fiscal year,
ending June 30, 1867, S490, ,64,O ,OlO q +,
and for the fiscal year ending June 30.
1868, S47l 300, ,000-making in all SS6l,-
934, ,Ol0 81. What have they done with
this immense amount of the peoples
earningsi The evidence as it stands
makes it very clear they have paid no
part of the principal of the public debt,
but on the contrary have increased the
principal since October l, 1866.
To show we cannot possibly afford to
keep this "troo loilty" longer, however
agreeable may be their company, or
unrivalled their excelencies, / will re-
fer to the expenditures under some of
the former administrations. The aver
age annual expenditure during the
eight years of General Jackson's admin
istration was S3l 100000. The last year
of President Folks administration in
1s45-49, just after the close of the Mexi-
can war, amounted TO S42,sll $40 03.
During Gen. Taylors they were $40 ,79S,-
CO.. 50. Thelast year of President Pierce's
administration, they were S57 ,674, ,40l. l
have not the means at hand TO furnish
further. All are easily accessible to your
readers. The foregoing are sufficient,
however, to enable them to make the
necessary comparison. The Govern.
ment did something under these ad-