The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1869-08-31

FThs Reiablic.n plrtysh b rn in
over not oily dnrins therar, nit for
fe four yeas which ave lapsed since.
tot the {pduct OF the Gov Fnment
thSy -haSe- been for eight yeurs entirely
responsible, The following table shows
how they have reduced the public debt
The war substantially closed, says Sc,
cretarY McCallocb, on the lst day Of
ApSiE 1865. It'iso ut that period sws
abfe.s@ss gf%c" ttifcng=
lures in round nambers.ahau 81 hn3 ~
fApriL 1866. Aaa ggltisgs2s36 200 900
I September 1866 2. .qe .bs.2,757, 900, t,eo 4
November, 1S5sss.i5g ~ .2,527 ,o00,G 0ed
! July 4 S69i.o.g. ~. .cg q .2645. 900 900
,am How long will it be, reader, before
ore'payzt til debt under this skowihgsw with
rplefuiIt isa proper ito say
b that the figures above given are from
1.-THE official reports of the Secretaries of
.the Treas ry. ucMessrs McCalloch and
Il outxall:9tI Enquirer! gid sd' .'9niEa
3osEhis u aslishonest statement, devised
q for poiiticabends.b The figures for the
proceeding 1863 exhibit pthe condi-C
stion of the debt in round numbers, after
{ detluctinga the amount of cash in the
tfeasury no No such deduction is made
sin the exhibition the year ending with
Juiyoi The unfairness' and Sislioncs "
efahis is conspicuous! 4H9m 5l9d5 -
ssa Now let usloolz at the official figures
'7for five years past, the cash III the treas
qiry beihg uniformly deducted: d ~"
DCJulys L, o1s65! g?taao.2 {. : s29,757 ,253, 265
august /, 1865 ns7o s.l 1888 .U99, 2F6
p August 1867 IL !t.o!hj ~ 81 !, 3O6, APO
X August / ? 1867. J!.ai n252s, 1874, $50
August I, 1869 ioa = p 4sl 1865, 1876
isuo The public debt, therefore comparing
the condition Of the first of August
with the first Of July 1865 shows de>
u crease of s275 $50, 52e, and of this a.
mount $43, s96,s52s Rave been paid since
+ the first of March In other words,
since the beginning of President Grants
administration, the public debt has been
reduced at the rate Of s100, 900 900 per
faf1ffum.lt 10 t7aq Sdted Uas191 10 Enah
fI2sW C. have not bhcsitated to- condemn
Z and dencunce many schemes set on foot
in Congress to draw m oney from the
I Treasury, or in the way or bond and
other subsidies, swell the amount Of the
= public sdebt. But we are disposed to
ogivo credit where I. is due, and to make
suchsa showing Of bur 2finan cial econdi-
p ton as official figures VIII warrant:
taWhen iti is considered ithatmsince sthe
} CLOSE sfitho war theGovernment has not
only provided for the interest on the
fiIdebt, made vast appropriations for inva-
felid and other pensions fafnountitg last
yeafntou lover $50 zoe, 0Oo1 and for 9th,
er extraordinary purposes but has fost-
seEed great enterprises by The issue Of
millions Of bonds, and purchas ed and
paid for an immense territory, land lat
the same time, extinguished nearly four
hundred millions or principal Aof the
L. debt, it wiIlgbe admitted that ST not as
good, an exhibit fas, mig hte dsavee been
made had greater economy been eprac-
ticed, it is still a very satisfactory one.
Taxation has been reduced. and manu-
+ fatnHng interests III ghtened of the bur-
densf imposed upon them in iasgreat ex'
;igency, We think the instance cannot
be pointed out. in history, where any
nation emerging from a long and ex-.
Is hsusting war, sffd vast debt accum alated
has met all current obligations promptly
and giyec liberal aid to public enterprise
es, of national importance and, as the
Isame time, reduced the bulk of it's in>l
aepseaness 30 rapioAy. sdi lie