The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1868-09-05
Senator sherman on Senator Hen.
dwiNka

dricks.
SeDator Sherman. of Ohio. the abb
Chairman of the Finance COMMITTEES
of the United States Senate, took oc
casion to ventilate the demsgoeuism
of Hon. Thomas A. Hendricks. in a
speech delivered by him at Hillsboro,
Ohio, a few days since. He answers
Mr.. Hendricks question as to where
the money collected from the people
has gone, in a manner that ought TO
make that gentleman ashamed 3of
himself From the mastery speech
Of Senator Sherman we copy the fol-
lowing paragraphs bearing upon mr..
HendTicks' srereOtyped interrogatory
And now that the war is over,
does the Democratic party take issue
with us on any of the great questions
of the iutureI Its platform on finance
is series of generalities or riddles
1t has a greenb back look with a gray
back candidate Read that platform
and tell me where the Democratic
party stands as to the time and man
ner Of Tesumiug specie payments?
Where does it stand as to the fund.
ing of the public debt? How does it
stand on ;he national banking system.
or he protection of domestic indus.
try, or the development of the West?
1t has no policy, 1T has no principle;
Its whole policy Is exhausted in the
effort 10 restore the rebels to power.
When its leading men talk about
finance, 1t is merely general aud false
arrangements of the Republican party
as to pubic expenditures. l will give
you one or two specimens of their
financial talk. Mr.. Hendricks of In
diana, who is confessedly one of the
ablest leaders of the Democratic par
ty, in a recent speech, said he wished
TO know what has been done with the
immense sums of money collected
from you. de says:
80 From the Both of June, 1865, to
the Both of June, 1868, the receipts in
gold from customs amounted to 1913
752, 387 30, and in currency. from in
ternal revenue, to S768, 259 945 81,
making, in the whole, 81 ,287, 012.-
BIB "A The interest on the public
deOt, during these three years, has
aver gsd about $I25. O00. 900 per year,
making 1915, 000, 000 That being de-
due ed from the sum collected, leaves
about 5000 000, 900. being more than
$500. 1000, 900 in a time of profound
peace, except so far as the Congress
slOuI policy has created state of
no, II lies. This great sum of money
has been expended In legislative, ju-
dIr al executive and military ex-
penses.
. You see that this is a general
charge, that since the war the Repub-
lican party authorized Johnson adj
ministration to expend three hundred
OF the Government. Let us see how |
this stands. The total receipts are
probably correctly stated at 81, 280,-
100000. Now l find by reference to |
Official documents, that out of this was |
paid Tor Interest on the public debt
over 1920, OJ0000 instead of $375,- |
100000, as stated by him. This is an
error of only $45, 100000. | find. |
also, that over $3.50, O00,00 were paid
on the principal of the public debt,
which was reduced that amount. Now
this f CT Is entirely suppressed. l
lind. sl-O. that out of this sum over
Sl4O,OOO,OO0 have been paid for back |
pay aud bounties, and for transpor-
tati0n and prize money for army and |
navy, all OF which occurred during the
war but was paid after July /, 1865. |
NV Lito AdOb - SupPI6ssG0. L lOuuU,
also, that there was paid during the |
three years, for new bounties to SOL
diers, the sum of $40 1856, $50, and to |
States to claims tor war expenses, the |
sum of $40 330, 900, and to payments
for property lost or destroyed during
the war. 81 100000, in all over
S70, OOO,O 900 tor these three items. Mr..
hendricks don't say word about |
this Ii thus appears that from the
81, 81 100000 received, nearly $780, |
100000 were paid for principal and |
IN crest of the funded or floating debt,
ana for bouuties, leaving 1887, 900, 900 |
for hre years expenditures, or $780,
0O9 600 a year, instead OF $500, 0O0. 900, |
as stated by Mr.. Hendricks. What |
reliance can you place on financial |
state uents when such men will thus
seek to mlslead the people?"