The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1869-07-06
The National Balance Sheet.

At the time when Mr. Seymour who,
was . candidate for the Presidency in
1868, } became so alarmed and Disguised
with the conduct. of the canvass, the
matter that he most earnestly insisted
on was 50 to force the fighting as to
important one. He felt that on every
other aspect of politics his chance was
worthless The war record of the De-
mocracy was too bad to talk about the
question of reconstruction could not be
handled with too much delicacy. He
thought the subject of finance, there.
fore, the safest field for him in which to
use his undoubted talent for sophistry
and Misrepresentation. He, therefore,
devoted all his energies to throwing
dust in the eyes ofthe people; to fright.
en- them with prospect Of immediate
and hopeless national bankruptcy, un-
less they put the purse of the nation in
his hands. But the people did not scare
as well as he had hoped, and shrewdly
remembered that putting the purse in
the hands of Judas had been tried long
ago with instructive results. One Of
those appalling statements upon which
ANAAs IVY AAOAA oO AhuSA Icllcu was, tIaG
the cost of the army alone for wear
would be S24O,O00,OOO Mr.. Greeley.
in his direct way, said this was a lie
All The Democratic papers said this
was ungentlemanly language. This
may be, but it was true. @
The most active lieutenant of Cover
nor Seymour in this financial raid on
the multiplication table, was remarka-
BILE cypherer named Delmar. Mr.. Del.
mar being, with the exception of the
World arithmetic man, the only person
in the party who knew logarithms, con-
cocted an estimate for the fiscal wear
now ending that threw the Democrat,
ic scribblers into spasms of patriotic de-
spair, He brought us out with def.
cheney Of 8134,OOO,OOO Indiana peo-
pie say they rarely ever heard anything
SO impressive as the wild howl with
which Dan. Voorhees, would hurl these
frightful numbers at the heads of the
Hoosier Butternuts. Five hundred mil
lion dollars he would shout, and then
follow it up with the crushing conun-
drum, Where does the money COP
If you suggested that those figures
were trife large, and referred to the
estimate Of the Commissioner of the
Revenue, Mr.. David A. Wells, they
would answer by hooting at the idea of
a radical Office holder making an honest
and intelligent stateme emit Of the case.
We are now able to look at this mat
ter in the light of experience. The cur
rent financial year closes on the 3Oth of
June. II is already possible to estim ate.
with near approach to exactness, the
entire receipts and expenditures of
the Government, as they will appear in
the next annual report Of the Secretary
of the Treasury. Although the accounts
are not yet made up, it is certain that
the result will be very nearly as fol-
lows:
From July l, '6S, to June 80, go.
Receipts from all sources, 100000, 900
Expenditures, including in
terest on public debt, 325,OOO,0OO
Surplus applicable TO the
reduction of debt, $4,000. 900
The estimate for the year made by the
Special Commissioners of the Revenue.
Mr.. David A. Wells, are wonderfully
confirmed by the results. His figures
were:
Receipts from all sources, 1856, roc, 900
Expenditures, including in.
terest, 326, 300, 900
It is noticeable, however, that while
the Dem ocratic papers criticised Mr..
Wells's estimates as absurdly sanguine,
the actual results are still better Mr..
MCCULLOUGH himself set the expenditures
at 1886, 1852 ,470-nearly ten millions
more than Mr.. Wells. But the Com
missioner's figures are now proved to
have been remarkably accurate, with
just the margin of allowance or the right
side, for unforeseen circumstances which
craftsmanship demands of statistics.
1t is now unofficially announced, the
Washington reporters say, that the de.
partment will ask for no deficiency bill
next year. This important result has
been gained by attention to economy in
administration. The expenses of this
year, given above, include the deficiency
bills for last year and, if these hitherto
constant legacies of wastefulness are
now stopped, the apparent expenditure
for this year is too large, really includ>
ing considerable balances from tho past
1t is not unreasonable to hope that the
expenses Of the next fiscal year NAV, by
President Grant and his faithful subor.
dinates, be reduced to S250,0OO, 900; so
that $50, 100000 OF oppressive taxation
may be repealed, and, if the receipts are
within $50, 900, 900 of the enormous rev.
enucs Of this year, surplus will still
remain to be applied upon the principal
of the debt.-[Springfeld Journal.
The leter-carriers in Wales are to have velocpedes
Last year it is said that $4,000 Americans visited
Germany.
pstrifed rastlssnake has been found near Lanes.
bcro, Mimi.