The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1868-10-15
rom expenditures authorized the sum

for the current fiscal year will
be S4S2, ,059, POP %, thus showing am
increase of expenditure in the currents
fiscal year ending Both of June, 1869,
the fourth year after the war, of $37,-
145, ,596 04, as compared with the year
preceding. Here, too, we find bal
anches outstanding of old appropria-
tions, July 1, 1868, S15O,4l7,522 II.
The receipts=fremz all sources ~are44
then given, showing a deficiency ON
the 30th of June next of $154, 100000"
which can only be supplied by new
taxes, or another increase of the pub
lie debt, to the extent of one hundred
and tffty-four. millions of dollars.
The manner in which actual expen-
ditures have been so much above the,
purposely limited appropriations of
Congress. has been by the use of bal
ances of old appropriations, and by
the use of immense sums coming into
the Treasury, from sales of enormous
amounts of war material. The modus
operandi is thus explained by the
Commissioner of Statistics # .
All the expenditures that occurs af-
ter the close of the year goes to the
next years account, so that though, if
a series of years, be taken together,
the back receipts and expenditures are
: ha hi -4o
certain the total revenue and cost of
the Government for any single year
by itself, it cannot be done from these
figures alone. For this, reason they
are not aggregated in the Secretary's
report. Recourse must be had to the
Treasurer's receipts and expenditures,
which also include all receipts from
sales of captured and abandoned prop
! erty, -confiscations, prizes, sales of
quartermasters' stores, and other prop
erty, sales of war vessels, &C., &c.,
items which do not appearin in the Reg
ister's accounts as published, and
which items during the past; three
years, with the back, receipts and ex-
penditures, have averaged nearly fif-
ty million dollars year. rr.g ic j.
In respect to the enormous gratuity
to manufacturers at the last session, it
is only to be, said that had not Con
gress done thus much for them they
would have revolted, as they threat
ened, from the Radical party. True,
agriculturists, mechanics and IaboPers
have to make up the deficit, but they
had no pompous agents with well
lined pocket-books to operate upon
Congressman. in their. behalf. The
bill should have been opposed, by ev-
cry means and device known, to par
liamentary proceedings. It should
have never passed into legislative form
without full exposure of its enormi,
ties. Think Of it, men Of toll, that a
gratuity of $S0,OO0,OO0 a year was Civ
en- outright TO the manufacturers who,
during the war, heaped up their gains
to mountain heights, and were thus
enabled to purchase. Government Sc
curities; at from forty. to sixty cents Oh
the. dollar, bearing gold interest on the
full dollar. If the infamous bill was
passed through menace of the manu-.
facturers of leaving the Radical party
why should not the laborer, mechanic
and farmer, adopt retaliatory. meas
ures? The latter interests, in view O.
the situation, ought to rebel as one
man from, the party of the corrupt
Congressional rump. -.-.e i-- % O.,
Of course, under the operation OF
the bill referred to, the revenues fol
excises diminish and the public debt
becomes augmented. The deficiency
bill at the next. session will be fright
full. Meantime all other interests ex-
cept manufacturers must be taxed well
on to $l00,Q0Q000 a year to make up
the gratuity to the former. The out
rage was hideous beyond; any other
that our legislation records. fan. ,z
The national debt is now kept down
Irby refusing to do justice to public
creditors, thousands upon thousands
of whom are now in want because, the
Government will not pay them their
just dues. To keep up the policy, of
the negro party to enslave. the whites
of the South, a great deal OF: really
necessary legislation is denied to the
people. All this in order that Con-
gress may purchase support for them
selves, or the corrupt Radical party,
by giving $S0,00Q,000 year to manu-
facturers by taking off their taxes
Some day the debt will work up to
$4,000 900, 900, when the Government
shall have done, its whole duty in the
respects we have referred! to. Mr..
Thaddeus Stevens often set the, figures
at So, ,OO0O 1000, in which,. we take it.,
he included State, city, county, and
town war debts. We. are not,,quite
sure, however, on this head, as he did
not speak of them as required to car
~ up the debt to $5,OOO,0O0,goO. But
let the toiling masses think of what
the Government, burden of taxation
will be if. the, Radical policy of pay7.
ing principal, in gold is to be the law.
to the country. The interest on the
last named nrIafm sum at present, average.
Government rates would be yearly, in
gold, S300,000,000. --,. l.z...t 81 .-.-
1T is clear, then, as we, stated. yester-.
day, that we stand on the brink, of a
preeipice, and. at the bottom of the
dark abysstwill be found; under the
Radical policy, financial bankruptcy
and national disgrace. Il, Indeed, moth
ing can save us, from impending ruin
but an immediate change ofrulers and
policy. Elect one more Radical Con-,
gress, sustained by a Radical Execu-