Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-09-18

UeX6,A HI you ui1nQOrSes the i-Rauical pro-
gramme at the elections. Nebraska, a
Loyal State, which even. elected Radiesl
Senators and Representatives, was refused
admission into the Union until she agreed
TO allow negro suffrage within her limits.
Here's Oaio. you have been tickled with
q slight specimen Of, reconstruction in the
shape of a bill introduced, by your late
tiember (Mr. Shellabarger) into Congress,
declaring null and void the "visibfe admix- /
turen law of your Ijegis] atnre, and provid-
ing that if your Judges, of election should
reject negro votes, that they might open
side polls and hold an election of their own
for Congressman.. The Ohio State Journdl
indorsed the bilf butithought 1t ineXpedi-
ent at Observation-Disclosures becauseI 1t Knew
that j Judges White and Winans. and the
Radical Judges of election at Xenia, would
find out a more practical way of nullify-
ing the Constitution of Ohio.f1 9hi H2m
10 Indeed since the vote of Ohio lastzfall,
the chief hope Of the Radicals to carry the
State is by negro voting under decision
of your Supreme Court, which practically
nullilies the wordS' white ~ in the Uonsti-
tuition, and reyersesb the rule applied ito
white men when challenged, by holding it |
unconstitutional to require mulatto to
prove ahisj right tovdte.b Judge EWinaus
would persuade the i 200 ,Repu blicatis who
voted against negro suffrage, in this dis
trict, that. it is now no issue, when the |
Neriia polls prove Aconelusively that it is |
in fact lIe,onlyi issue in nhis favor. The |
Soldiers and Sailors Convention at New |
York, indignant a. the vile use the Radical |
party were making of, the peace, their |
bloed had purchased, were emphatic in the |
demand that the reconstruction usurpa- |
uons of, Congress should be set aside, and
the letter of General Blair declaring these
acts revolutionary and void, presents to
the people the.only chance of setting them
aside bya yerdictin the Presidential cleo
ton, from which there can be no appeal.
Congress has so far tied the hands of the
Executive and the Judiciary, and if it can
now brighten out the people from taking
Icognizanee of its unconstitutional acts,
| then, indeed, in the language OF General
Grant, "there will be peace;" but it will
be. the same in kind as when " Order
reigned at Warsaw" sHs7n' ls-g 1-'-.
! But my fellow citizens, when you reflect
what this Congressional system of recoI-
4 struction has cost-and what it will con-
! time to-cost-as long as the States of the
South, are kept in acondition in which the
whole of them do not pay as much taxes
as Hamilton county, and you have to pay
for local governments over them, besides
supporting your own State and National
Governments, it is time to look up how
your financial sheet balances. t. f--t
| Senator Sherman, in his Hllsboro speech,
| figures up that there was balance OF
$34 749 ~, applicable to the payment OF
the National debt on the 30th of June
1868, and yet the official statement OF the
! Secretary OF the Treasury shows that the
public debt has increased from the 1st of
last June, when it was 50 $40 245,SS6.74, to
S2,535,6l 3l3 on Sept. 1st, 1868, an increase
of over $23 QUO, 900 in three months. Where
then has this S35,000,000 gone? Again. he
asserts in the same speech that about
i S266 900 600 have been paid on the public
debt since the close of the war. when the
reports of the Secretary OF tie Treasury
show that only. $247, ,557,S00.l7 have been
/ paid, and during the fourteen months, wnen
\ President Johnson's policy prevailed, to
! October 3lst, 1866, S206, 379 565 II was paid,
4 while III the Twenty-Five months since, un-
der Radical reconstruction, only 81, t,l7S,-
23446 have been paid, and now the debt is
increasing from seven to ten. millions per
month. A very practical illustration of the
wisdom of the Presidents policy. which
reduced our debt at the rate of SIS, 600, 900
per month.
Il Senator Sherman in the same speech.
commenting on the statement of Senator
Hendricks that over $500, 100000 per year
had been expended outside of the payment
of the interest and principal on the public
debt since the 30Lh OF June, 1865, tries to
figure out the. annual expense to be only
$l30,000000. Yet, to make this result, he
commits the gross error of taking the re-
ceipts of the Treasury from customs aand
to be: 9 -Le -'-'''--'--.-s-'' ~ IL '-'l'@'-'
sas7sss trs -Eii sds -1ibs 81, ,es7 ola. .s33 "A
Instead Lisa $3.50, $50 33
Thus omittiog an item of receipts .il5ra'l.a q
from miscellaneous sources Of - Dsl67 954 ,296 SO
f The true statement for the receipts and
disbursements would stand thus: a.r.7-
From June 30. 1865. to- ssa-ae. aF'5'E '-.-ah
June 3d., 1868, ,.-... -. ~.
ceipts. sf1Hi -',s 81. Asa o66. $50 80
Payment on principal 'fia'' altt..s
L ofpubic debt. $247. .557. 800 II ....-'. L
observation-disclosures a4s .4s4 ss4 30 -
T. sts e-r saI4qis.. I9Gl- r-ITl y @oeY.-
The amount expended in three years $7ss 9s3945 Sc
Or an average per year of 26a,9I4 ,64S 95
Instead OF as stated by the chairman re
of the Senate Finance committee. .. 100 1000 600 90
slight mistake in three off, 39s 923 946 SIS
Il From which, deducting even ths ex- .-
II travasaut expenditures of bunties.
Il claims, &C., as set out by the Sena-
Which will leave still unaccounted for Iss s23 94s s.
Il The truth is, that the receipts and ex PEN
i ditures of your public moneys have been
so enormous that the mind can scarcely
comprehend them; but you will recollect
that when for the fiscal year ending juno
30th, 1866. -'''---. N
The receipts $55s. $1,000 c6
Disbursements. ......--. 52o.O5O,s4o 4s
Leaving balance over expenses OFFS 81 $751; s7s 5s
: With your public debt being paid off by
millions, the fesiing of the country was
much more hopeful financially than it is
now, with the public debt running up un-
der Congressional Radical policy. a.-
The Democratic party declare that our
immense public debt shall be paid accord
f ing to the terms of the contract-gold
whenever gold is promished legal tender
currency when coin is not specified. The
platform of the Radicals is made purposely
ambiguous on this point, but Congress has
put a practical construction upon it by
, passing funding bill converting the whole
sixteen hundred millions of $40 bonds into
\ gold debt--thus adding atone stroke 700,-
, 900 millions to the debt. Then by extend
ing the payment OF the principal over a
! period of forty years at TOUR per cent, it
compels the people, after paying four thou
! sand millions of interest in gold, to find the
principal oftwo millions in gold undimin-
/ ished, still crushing them to the earth. sd
, A person, for $4,000, may have pur-
. chased 100000 in bonds, and draws his
, six per cent. in gold annually, which is
. equivalent to fifteen per cent. on his orig
inal investment, so that in six years and
, eight months he gets back the whole of
his advance of $4,000, and yet holds the
Government obligation for 100000. Be-
cause the Democracy propose to pay this
IN legal tenders, which is equivalent to
S7l,000 in gold, pretty good interest," at
the rate of nearly 200 per cent. after
the lender has got back his prin-
cipal, these Radicals cry out repu-
diation. and demand that the whole
500 900 be paid in gold. The taxpayers,
who know that per cent. profit is high
average for what most of them make on
their capital, can see that this is not a
hard bargain for the money-lender, but
simply honest and just. --1. .e,.
Senator Sherman, Governor Morton,
Thad. Stevens, and other great leaders OF
the Republican party, admit this to be law
full. 5 The Hon. Thomas Ewing and every
lawyer of eminence, whose opinion is
Il worth anything, says, it is according to
equity, but Attorney Genera. West in a
late speech, declares it is not honest and
practical, because greater issue than the
j original tour hundred millions OF green