The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1868-09-29
The s'UnfOn Republican Commit
tee'' VS.. Secretary MCCuiIOch.
TFrom the Buffalo Courier.l

From the Buffalo Courier.
The. "Union Republican Congressional
Committee" at Washington have issued
an extraordinary document, published in
the Express Of yesterday, designed TO
show that the Radical party never was
cquallcd for economy and financial good
management. This document contains
series of statements, the character of
which may be judged from the following
specimen 1t is one Of series sf reas
sons 'why the Republican party should
be trusted:' .....
at 1.-THE Radical partly has actually
paid and cancelled, within eight years;
nearly one thousand seven hundred mil
lions of dollars of the liabilities incurred
by the war, while steadily reducing the
public taxes, it has also reduced the pub
lie debt from S2,757, ,253,4 ,427, in 1865, to
81, ,495, 49,, ,S43, in 1868, being an aggrc-
gate, for three years, of $s2G7 100000, or
$50, ,000,0 900 per year" -'''' ..
Now, mark what the official figures say
on this subject, and then wonder where
"unien Republicans ofWashington get
their facts The following is verbatim
extract from Secretary .McCulloch's last
annual report: i,r,s. t.,.g
TREASURY DEPARTMENT,
WASHINGTON, November 30, lSG. E
In conformity with law, the Secretary
of the Treasury has the honor to submit
to Congress this his regular annual re-
port. y
In order that the action of the Scere-
tary, in the financial administration Of
the Department, may be properly under
stood, a brief reference to the condition
of the Treasury at tie time The ,edr aodS
dre~iag to q close, and at some subse-
Quent periods, seems to be necessary
On the 3lst day of March, 1865, the to-
tai debt of the United States was 50,
6,955,077 81. '7'1 st ~
HUGu McCuLIociI,4 10
Secretary Of the Treasury.
Here we have the debt stated at two
thousand three hundred and sixty-six
millions nine hundred and fifty y-fve thou
sand seventy seven dollars and thirty
four cents We follow this BY the sub
Joined extract from Secretary McCul-
loch's last monthly report, { for August J
TREASURY DEPARTMENT., -
WASHINGTON, August Z, 1868
The following is the statement of the
public debt of the United States on the
lst of August, 1868: -
Amoun. of debt, less cash in fkN
the Treasury, 81, 5e2ee594 4se SO
! The foregoing is correct stateineut
of the public debt as appears from the
books and Treasurer's returns in the dc.
partment on the LIST of August, 1868, .
HUGH McCuLLocH,
Secretary of the Treasury
There it is-over tao thousand Fre
hundred and t,centy- three millions, as
against two thousand three hyndred and
sixty-six millions in 1868.
Put the figures together and look at
them: Faai2t
July 81. 186S... 50, ,523.53g4So, 67
March 81, 1860 ....... 2,S66, ,955, 5,077i 81
Increase. ...........sS156,a79,40a s33
| The Union Republican Committee say
the Radical party has decreased theldebt
J, in three years, S26Ts000, 600 Secretary
j McCulloch says it has been sacrcased i'm
the same time, Sl5e,579, ,I03 SS,a dis
crepsncy on the part of the, e,coNnittee's
statennent,sas compared. with the Official
| figures. of $4,000, ,404 49, Cofanaca III
Il jiS unnecessary.