The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1869-10-15
A Grand Record.


The rapid extingishmeut Of the debt under
a Republican Administration gives the De.
mOcracy more uneasiness than the capture Of
Washington BY Lee would have done. For
the Democratic leaders are aware that when
honest, loyal citizens are made acquainted
with the fact that Grants Administration il
reducing the debt at the rate Of sIOO, ,OOO, 900
per annum, they will ezclaim, For Heavens
sake let well enough alone, and let the good
work go on. No man who voted for Grant
viii in view Of this fact cast vote now which
could be constructed as signifying diSap.
proval Of what has been done IN the way Of
getting the Nation out of debt.
The Hon. Columbus DeIano, Commission.
er of Internal Revenue, in bis recent speech
at Harrisburg, shows that when the rebels
laid down their arms in the spring Of 1866
the escertained or audited debt Of the United
States was 2, 200 millions Of dollars. More
than 800 millions Of dollars we're then due
the army, which were not included in The
audited debt. Within little more than four
years the whole Of this floating debt Of 500
millions has been paid of and the audited
debt has been reduced 10 8, 400 millions.
And thus, 1,lOO millions Of dollars OF The Waf
debt have been actually paid Of In four years
or nearly one third Of the entire Indebtedness
of the Nation at the close Of the war has been
wiped out. To show that the revenue is now
being honestly and faithfully collected, Nj.
DelanO contrasts the revenue derived from
the article of whisky under JohnsOns Ad.
ministratiOn as compared with Grants. Dur.
ing the fiscal year ending June 30, 1868, the
whole amount of whisky in the country that
paid tax was 6, ,7O9, 546 gallons. During the
fiscal year ending June 30, embracing four
moths of Grants Administration, there have
been $1,000, ,33l gallons of whisky returned
as subject to duty-abOut six times as much
as was returned during the previous year.
A similar improvement in the revenue ser
vice is shown by the increasing revenue from
other articles of taxation. Comparing the
last six months Of the year ending June 90,
1868, with the corresponding SIX months of
the year 1869, there is an increased revenue
from Spirith of I511< millions, from tobacco Of
upwards of four millions, from incomes of
almost two millions and from stamps Of
about one million. The total receipts fcR
July, August and September, 1868, we're be-
tween SO and 80 millions of dollars, Whils the
total receipts for the corresponding quarter
of 1863 will reach 49 millions Of dollars, an
increase from this source Of revenue alone Of
10 millions per quarter, OF so millions Of
dollars per year. This is the result Of the
first few months of Grants administration.
The Commissioner gives it as his opinion
that faithful administration Of the revenue
laws without increasing single tax, will
yield from us to Is5 millions for the current
fiscal year. Meanwhile the Government has
reduced the expenses Of administering It's
different departments, so that there win be
saving Of about 25 millions annually. At
this rate of paying off the debt to The amount
Of 100 millions annually, half the entire debt
will be paid off in the course Of two Prssideu-
.ial terms. If this done-and it viii be done
Is certain as that day follows night-this
Nation viii have graDdsr record than any
Kingdom or Republic in history.