The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1868-12-18

required each year 70 pa the inter
csi Of the public deb, ,n army Of
tax estbcsfs imporcrislc- thonation,
ard pnt.c secn,s rlsceA by Con.
gte-s beyond the control Of the tsc.
ecuiivc, divert from their legitimate
purposes large sums NJ money which
'hey collect from the people in the
% anc vt the t'oygFnmcnt ludicious
legislation and rralcn, economy can
only remedy defecf and avert the
evil which, if suffered 10 exist. can
not bat fail 10 diminish confidence
IA Gle people toward their political
institutions
Without proper care, ,hc small
balance which Il !. estimated will re
main IN the tsoAsury Ut the close Of
the present ascal year, will no, be
realised, aud additional millions will
be ldded to a debt which IA now emu
mcratod by billions IL Is shown BY
the able aud comprehensive report
Of the Secretary Of the Treasury, that
lhc receipts fof the f.cal year, end,
log Jun. 3nth 1868, were si0t .63S,
us5, and the expenditures for the
same period were s377, Jl0,3si. leay
ing in the Treasury surplus Of
t-pi 1Hs II 10 estimated that the
reccipis duting the present fiscal
year, ending juno i0lh, 1869, will
he sAil.Au2 sGs aud The espcndi
lures s538 li2 40 showing a small
balance % s3tn 3gS IN favor Of the
For the fiscal ycarond
ing june 30th, 1870, 1t is estimated
that the receipts will amount to s327,
600 0o0, and The expenditures to
s3o3 0eo, o1o leaving an estimated
surplus Of $50 600
1t becomes r'opcr 10 this connec.
ton 70 make hr,cf reference to our
public indebtedness, which has SO
eumnlatol With such alarming mpld
ily anl assumed such colossal bro.
portions II 1889, whgn the Gov
efumeut eomnioncolopomtions under
the Federal Constitution, it was bur.
dened with an indebtedness OF $50.
GOO COO created duuag tho war Of
the revolution This amount had
been reduced 10 $4,000 0Oo, when
ia lsl2 war wa declared agains,
Great Britain The three years
struggle that followed largely in
creased The national obligations, and
Ia 1916, Ihoy had attained the sum
Of sly 600 600 Wise aud ecopom
ioal legislation, however enabled the
togernment TO pay the entire amount
within period Of twenty years, aud
the eStinguishment OF the national
debt filled the land with rejoicing.
bad wos one Of tho great events OF
President jackson administration
Allcr iis redemption, large fnnl
10 the Treasury which was
deposited ior faia keeping with the
several states, on condition that /,
should be returned when required by
In' fuhhe wants Ia iSio, tho year
'''e' '"o ,,'h'"h'''" o. an expensive
NH' WIN 'e''eo' We iound ourselves
"'"',''' IN us"' OF btooo olo,
md this was the smoust owed by
he Government in 1859, jus, prior
- '"o o"'p'o's Q, 'hs Froet!'on' In
NV sP',"B y '"' our e'ss' war com
''uu'e' h''" year "' va een''nu'
INC" hauo SO enormous ASHTON TO
nc P"plo ueo' ana whc' 10 the
pt,hg OF is'o 'he nat'on success
WY on''soa from me eoSi'ict tho
'p''e"uphs 81 ''' government had
.eaeI . ga 'h' immense sum oi s2,st3,-
~ ''i' ne secretary o. me
! tseAury SHOWS ,na' on tho Irt day
" '"'o,"po, '""' u'lS amount had
"en re'uoea =" g-f''i,'o' ,''o, but
II 'hn same nn'e ms report exhibits
VI ~ 'n a,.,. ,',, '"''" 'he past year OF
-, - W. 'v' '"p usp' 0" INC J"
"y =, ''''a'nne' 'as'. W" ss''ed 10
i''' "s'' ~i,-' -''''@ ! Is cr'
' ',.. ~ '"o oeeIe'afy 'ha' me
" ~ ,, ~ ny re- MN" WI" a"h
q, ~ ,nn ,1 n''a ~ '"'.H'' sum OF
',''V''ps', "'''H '"h ''s'i increase
,no ''u" n'p''ns ~ es"'''or
- H. !" ny msHsaF' 70 congress
= -, W 800 :, WIS saua's'.
,h.an ~, w 'os''''
.a.'',.' -, oppressive :"
A., e,',e,," : ~, 80 ''s'" 70
$3.50 q, I,1'i- 10Y 90 an"
a.. ~ w. ""'eV i" 'anY ios
''''' '' '. ~ ~ 30 zee
- - W" '"'o'e'y
~ ~ I,,.,,- 49,. ~ '"'s 'na'"e-
p, : ias..ad a. -. ''', az ''"s''
-. H.. e - ''"''u'' "ins'
80, 81. - '''"''o"'' We
.t''''.11 80 ~ 49, " 80 ,'', ,s' Ga
.s v'''"sV - :" ~ '"' 7'"i a"h
'p' a. '"'' p''sl '"'Ne ptof's-
y" IVY Wv w "''"' ~ our ""'i2a
'o'', 49,. ~ ~ s' pe''o' '' may 20
= = .'''''U' ." ''"''' :" 'hoir
"'o' ''',''' 20 o"J'3s' ~ our CIT
N'ps' '"oo' wa" use" 70 bai'd up
$50 7''7'''''' '''noy"n haphopoi'es IN