The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1868-09-15

which the crowd was addressed by a.
w. Campbell and Hon. Jam cs Durley
TmE Wheeling Register Keeps stand
ing in lts editorial column the following:
The public debt on the list OF Septem-
her, 1867, was 81, Ig2, 7SS. J65, and ON the
l-t OF September, 1868, g, 535 Ga BIB,
showing au Increase OF ST. S3O,OiS dur
ing ihe past year.
In the first place, tho public debt On
the Ist September, 1867, was not 81. 1922
49, .;iG5, but. as shown by the published
statement, was 81, sos, 450. O95s or Sl2 .672,-
40 moro. Since then, as we find by
examining subsequent statements, the
Government has issued 1856, 3I4 600 Pa
cifc Railroad bonds, which nre not
dobt, though IL suits Mr.. McCulloch's
purpose to call them such.
DeductinG this from the apparent debt
on the LIST inst, We find the real debt at
that time was $1,000, 3OO,SI3. This is
decrease of So, 1885, 49,. During the year
7,2OO, 600 in gold was paid out for the
purchase of Russian America. This
was not payment on public debt, but
on purchase in which 1t is TO be pre-
AUtlltN lllN tSGhS - iAhN lSbO
quo. Yet this purchase not having
appeared in the debt statements as n
charge, while the money paid on IL
has appeared as offset against that
amount of debt, it is apparent that the
withdrawal OF this money from the
treasury nominally increases the debt
that much. But for this Alaska .pur-
chnse, the reduction for the year would
have been 81, zoe, coo more, or 81, $50, TS2
And who is responsible for the Alaska
purchasc1 Not tho Republican party,
nor tho Republican Congress, which
hesitated months before 1t would make
AN appropriation for 1t, and did it only
nt last to save the pllghted faith of the
Administration. Let the Democratic
President and his Democratic Sec
Rotary OF State answer for this
$500, GOO which ought TO have been APP
piled to the reduction of the debt. But,
in addition to this, the amount of the
compound interest notes has been re.
duced within the year $50, 724, 3D.
These notes, when funded or paid, have
borne compound interest for three
years Mt six per cent; that is to say, OF
the interest paid upon them at MATURE
ty, less than six per cent. ought to be
reckoned as belonging to the current
year; nearly all OF it, In fact, having
hecn due though not payable, ~ year
ago. for most OF these notes We're fund
ed in the first months of the fiscal year.
Not less than fifteen per cent, there
fore, uponthlssum, Sl2, O0S, 6Sl, must be
credited to the reduction of tho public
debt. 1910 si
This added 10 the reduction shown,
exhibits reduction during the year OF
SI7, I64A6S-which is almost a million
and half month. Had not Andrew
Johnson and Vim. II. Seward bought
the Alaskan icebergs, the reduction
would have been 81, 1864, 563-or nearly
two millions month.
And we might add that had not An
drew johnson filled herevenue service
with thieves, SO that out of the one hum
dred millions revenue which ought 10
have gone into the treasury from tax on
whiskey only thirty millions did so,
the Government should and would
have had seventy millions more to APP
ply to the reduction OF the public debt
during the year. iEnfa5 81 81 s
Can It be possible our copperhead
friends are SO Intensely stupid that
they don't understand WHO'S RESPONSE
Ole for the shortcomings of the public
revenues and for the mismanasement
OF tho National treasury They have
the President the Secretary Of M
Treasury and other heads OF Denart.
ments. The whole matter is in thai,
hands; and II they cannot make sstIs
factory exhibits from month To m S.rs,I
whose fault is III uisnot our bus,nss,
todefend McCulloch's manipulation !
the national finances. He is an arden
supporter of Seymour and Blair, and i
Is more than suspected that he manage
10 show an apparent Increase of tiebt !,
'ne interestof eopperhead demagosue
Sm' which charges all his shorteon,jn,,
on the Radicals. His statements :
me debt are unfortunatelv =