The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-04-18
pi.nn.e aud Keeon.,rue.ion.

Rinauee aud Reconstruction.
Recorstruction upon a negro basis is
daily growing more unpopular. For a
.;rs many persons of rather moderate
claws were disposed 10 acqniesce in
chat measure, because they thought II
Lad 10 a solution of the vexed question,
and were willing to regard even snch
.attlement as better than none. But
A. the plan has progressed Its
,ost and its results have led the same
rarsous to reconsider their opinions.
Their assent was given upon the i'm
DIied condition that Ietrenchneht and
..opopy should likewise form part OF
the Congressional policy. When the
pre,rrt Congress assembled, the belief
was almost universal that some saluta-
70 reform in the finances would be at
tenptr.l: that frauds would be inyestl-
GATED. srcculations stopped, extrava-
ysuce abandoned, outlays cnItailed
and the revenue system thoroughly re-
modelled. But all such expectations
have been disappointed. The only
sr,u ia the direction of retrench-
nent has been cutting down
of the reyeuueiwithout a correspond
ipg cessation of expenditure. Taxes
or manufactures have been removed,
but the tariff still remains. This ena-
bles the manufacturers to obtain the
same prices as before and put into their
own pockets the money which their
productions have heretofore contributed
tote public Treasury. The result will
be a plethora in the manufacturer !
pocket and heavy deficit in the Treas
nry. The intent of such legislation is
enable the Radical party to go before
the country with show of economy.
Ii cannot be denied that the national
debt is increasing and that the revenue,
exclusive of that heretofore derived
from manufactures, is falling of. The
increase of the debt is due to the cost
of the bayonet aud negro experiment IN
the south: thirteen millions per month
being, a. heretofore shown, the sum
paid the War Department aloue for its
services In rcconstructiug the land on a
'loyal" basis. The revenue is decreas-
ing because the South is not producing,
because the business of the whole land
Lays without the stimulus of her pro-
duets, and because under Radical rule
high tariffs are closing mp the ports OF
the country and cutting down the GUS
toms.
Anew York cotemporary cites some
pertinent facts in this connection. 1t
saws:
We learn, for example, from the as
sistant assessors, that the income tax
collecting in this city for the past
twelvemOnth, thus far exhibits an aver
age falling off of twenty-five per cent.
progressive decline, in the same ratio
with that, fol four years or more, would
leave the treasury absolutely without a
cent from this source of supply. The
reduced incomes are chiefly among the
mercantile classes, more especially the
ship owners and ship builders. who for
some time past have had mOre business
TO transact iu the Court of Bankruptcy
than in handing over their tax at the
internal revenue offices.
Again tue customs receipts at this
port during the month of March show
q decline OF beilreep eight and nine hun
dred thousand dollars compared with the
income of the month previous; and this
too, be it remembered, during a month
which is usually one of the most active,
as regards foreign importatioRs, of the
whole year. The falling off is due
chiefly to the Infamous prohibitory
tariff, which was enacted expressly for
the benefit of Yankee monopolies, COM
pelling our people to purchase the man-
ufactures of Lowell and Lawrence, also
the iron of Pennsylvania, at just such
prices as the greedy "protectionists"
choose TO impose upon them. Having
closed the door to the European mar
kets, they have us, where from the start
they intended We should be, at their
mercy.
Finally, while we write this, it is tel
egrsphed from Washington to the Rad
Icsl journals here (and the fact is cor
roborated By our own correspondent
that Mr.. MeCulloch's statement of the
public debt for the month of March,
will show an increase. SO we go! In
ccsipts, all diminishing, while the crush
ing national debt, which is making
slaves Of us all, is daily increasing its
already frightful proportions!
Now, this being the financial situa-
ton to-day, we desire to put it to every
rejecting man 1--WE do not care what his
politics sre) what is it likely to be if the
evolutionary, Spendthrift, and Public
flunder party are retained in power
Tour years longeri If things have SO
desperate look now, how will they
look theni Is it possible that with the
candle thus burning at both ends, the
nation can 20 on much longer without
escaping general conhsgratioh' No,
" Is not possible.
let the demagogues of the Rump
Congress aud the Radical newspapers
anect to call us of the Democratic party
the advocates of repudiation, the vio-
.Stors of plighted faith, and all that
lhe hypocrites aud knaves! AS if ii
were not patent to all the world that the
Tsal repudiators are the wretches who,
oy their reck klessncss and extrayapapce.
are making il absolutely impossible to
pay the debt, or to keep faith, and who
oy consequence are driving the nation,
at lightning-like pace, on the road to
rum, with repudistioR net only of in.
!erest, but principal also, of everything
70 the shape of greenback or an out.
standing obligation.
Let the people mediate upon these
iacts calmly and soberly. Let them
contemplate, if they can, with compla:
Seeney, the prospect ahead. And then
'e' them detsrniDe VIII hsther ss Q mere
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