Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1868-09-08

"a SNhNC VI tblG ACUi StiIJ AAS VI =
ganization, have been but s5,6l7. 900
no small part OF which mas been ex
pended to provide food for starving
Southern Democrats.
EXPENSES OF RECONSTRUCTION.
The Treasury accounts show that
the expenditures contingent upon
the reconstruction acts Of Congress
have been s2,344,70O,56l total to
June 80, last, This does not include
the proper military expenses for the
armed forces retained in the South
ern States TO regulate and restrain
the rebel allies of our Copperhead
Democracy from cutting the throats
Of their Union neighbors, and re-
newing their fight for the ''Lost
Cause" These expenses are already
included in those given for the War
Department proper. And, all the
expenditures for reconstruction and
the freedmen are SO included, we do
not now charge them up again in the
total account. We sum up as fol-
lows
TOTAL EXPENSES OF THE REBELLION.
War s9Oos, ZOE, 72sO2
Navy Department. 3eS,34O, 37613
Interest paid on debt............. S7,4Ss,1s9 50
Total ascertained expenses....... 9o4 531 $50
and the 1926, 900, 900 of interest to
be paid this year on the debt will
more than swell, at the end of the
current fiscal. year, the money cost
of the great Democratic rebellion to
the terrible total of $4,000, 600, 900 |
How soon can we afford to have an
other such as they threaten us with
II. AGGREGATE RECEIPTS AND ExPEN~
DITUREs FOR EIGHT YEARS ENDS
ING JUNE 80. 1868.
The receipts for each year, from
all sources, were as follows.
ls60-sI m $50 sS5 e0027 1896 81 sos $50. b43 o.
1S62-63..... Ill 3g9 7664S 1S6667 49,. 490634Ol1 q
lS6364..... 2d5,e6i o6l IS lSe76s. 4o5,8OooOO 90
Total receipts for eight years. s5l7 800 1873 81
The expenditures for the same
period have been:
1S6osl. s457s, ss447 1864 -65 81. so7, 74224 90
ls6l62 55o84l, 700 p 1866. lln.072,666 90
lS6364 s65,234, SO ls67-0S...... 4Oo,3oooOoOo
Total expendi lures for eight years s6o27, 100000
This apparent discrepancy of about
5000, 100000, between receipts and
expenses, may be briefly explained.
The figures for each year above in
clude the balance which are carried
over, and which ought to be deduc,
ted from the actual summary Of the
years transactions. For example.
in all the years named, except '63
and Ga, these BALANCES varied from
$4,000, 900 to $144, 600, coo. making in
all about 1926, 100000, while in the
two expected years the deficit on the
other side was about S1,203, 000,0 600.
The balance represents substantially
the discrepancy above shown. 1t is
evident, of course, that this balance
or apparent deficit is fully accounted
for in the public debt, into which it
has been carried. 1t is also to be OBJ
served that large amounts on each
side of the account, and for each
year since 1861, represent merely
changes in the form of the debt, the
shifting of certificates into seven~
thirties, legal tender notes, or bonds
of the various Authorized issues, and
to that extent or independent Of the
actual receipts and expenses Of the
year, although included in the an
nual financial statement. Making
these deductions, the aggregate Of
moneys actually received and spent
would appear considerably less than
above stated.
III. THE SOURCES WHICH YIELDED
THE FUNDS.
During the eight years ending
June 80, 1868, the receipts from all
sources, except LOANS, amounted to
So, $40, 848, 603,35. For one year,
1868, this includes receipts from all
sources what ever These receipts
were derived from customs, direct
taxes, internal revenue, lands, cap
turcd and abandoned property, and
miscellaneous items generally. The
customs, taxes, and internal revenue
were the channels through which
the money of the people was received
by the tax gatherer. Deduct the
amount thus realized from The total
of receipts, and the balance S2.776,-
$50. S30.62, was every dollar of it
raised by loans Of varioas dceorip>
tons based upon the National credit,
and making up our present National
debt.
". HOW THE MONEY HAS BEEN EX-
PENDED.
We have above shown what it has
cost the country to put down the re-
bellion. Let us look at the other exN
penses incurred during the period
The following table shows the ordin-
airy expenses, excluding those for
the War and Navy Departments and
on account of the debt. 1t compre>
hends all other expenses of the coun-
try, incident to its necessities in war
or peace. These are grouped by the
Secretary uuder the heads OF the
Civil Service, Pensions and the In
dians. The figures are:
ls606l........ 1900 900 DOL $50 024 81
1S6l-62..~. 24,611 1890 1865 66... SO 9O9 7S4;
1s62-5S...... p 40 442S7 1S6667... 1869 1lO7i
1Sos-64....-. 65,o535So4s 1867 -68... 6S74l,766 q
Total Of ordinary expenses......... 1878 400, o396
ESTIMATED.
The estimates and appropriation
for the current year show still fur
Their reduction to $40, 200, 900, which
is very nearly to the mark of our ex
penditure in the last year of Mr.
Buchanan's administration. Larg,
| amounts have been annlied to the re.