The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1868-10-13
appropriations, July 1, 1868, s15O,417,
500 II

522 II.
The receipts from all sources are then
given, showing"a DEFICIENCY on the 3Oth
June next of S154, 100000" which can
only be supplied by new taxes, or anoth-
er increase of the public debt, to the ex-
tent of one hundred and .UtyJour mil
lions Of dollars.
The manner in which actual eSpendi-
ture have been so much above the pur-
posely limited appropriations OF Con-
gress has been, by the use Of balances
of old appropriations, and by the use of
immense sums coming into the Treasury
from sales of enormous amounts Of ma
teral of war The modus operandi is
thus explained by the Commissioner of
Statistics
GAIL that expenditure that occurs after
the close of the year goes on the next
years account, so that though if a series
of years be taken together, the back re-
ceipts and expenditures are included,yet,
| if it be desirable to ascertain the total
revenue and cost of the Government for
any single year by itself,it cannot be done
from these figures alone. For this rea-
son they are not aggregated in the Sec
retary's report. Recourse must be had
to the Treasurers receipts and expendi-
lures, which also include all receipts from
sales of captured and abandoned prop
erty, confiscations, prizes, sales of quar-
termasters' and other property, sales Of
war vessels, &c, &c, items which do not
appear in the Registers accounts as pub
lished, and which items, during the past
three years, with the back receipts and
expenditures, have averaged nearly fifty
million dollars year."
In respect to the enormous gratuity to
manufacturers at the last session, it is
only to be said that had not Congress
done thus much for them they would
have revolted, as they threatened, from
the Radical party. True, agricultural
lists, mechanics and laborers, have to
make up the deficit, but they had no pom
pous agents with well-lined pocket-books
to operate upon Congressman in their be-
half. The bill should have been opposed
by every means and device known to
parliamentary proceedings. It should
have never passed into legislative form
without full exposure Of its enormities.
Think of it, men of toll, that a gratuity
of 10000, 900 a year was given outright
to the manufacturers who, during the
war, heaped up their gains to mountain
heights, and were thus enabled to pur-
chase Government securities at from for
ty to sixty cents on the dollar, bearing
gold interest on the full dollar. If the
infamous bill was passed through menace
of the manufacturers of leaving the Rad
ical party, why should not the laborer,
mechanic, and farmer adopt retaliatory
measures? The latter interests, in view
of the situation, ought to rebel as one
man from the party of the corrupt Con-
gressional rump.
Of course, under the operation of the
bill referred to, the revenues for excises
diminish and the public debt becomes
augmented. The deficiency bill at the
next session will be frightful. Meantime
all other interests except manufactures
must be taxed well on to S100,000,000 a
year to make up the gratuity to the for
mer The outrage was hideous beyond
any other thing that our legislation re-
cords.
The national debt is now kept down
by refusing to do justice to public credi
tors, thousands upon thousands of whom
are now in want because the Government
will not pay their just dues. TO keep
up the policy of the negro party to en-
slave the whites of the South, a great
deal Of necessary legislation is denied to
the people. All this in order that Con-
gress may purchase support for them
selves, or the corrupt Radical party, by
giving $S0,000,000 year to manufactu-
rers by taking off their taxes Some
day the debt will work up to 81, ,000,-
100000, when the Government shall
have done its whole duty in the respects
we have referred to. Mr.. Thaddeus
Stevens often set the figures at S5,000,-
100000, in which, we take it, he included
State, city, county, and town war debts.
We are not quite sure, however, on this
head, as he did not speak of them as re-
quired to carry up the debt to S5,00O,-
100000. But let the toiling masses
think of what the Government burden of
taxation will be if the Radical policy of
paying principal in gold is to be the law
to the country. The interest on the last
named sum at present average Govern
ment rates would be yearly, in gold,
S30O,00O,O0O.
1t is clear, then,as we stated yesterday,
that we stand ON the brink of preciplce,
and at the bottom of the dark abyss will
be found, under the Radical policy, inan-
cial bankruptcy and national disgrace
Indeed, nothing can save us from impen-
ding ruin but an immediate change of
rulers and policy. Elect one more Rad
ical Congress, sustained by a Radical
Executive, and national reputation is in
evitable The people can change the
position by change of policy, as indi-
Gated by the elections this fall. After
that it ertU be too tute.-National Intel
hgencer.