Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-04-16

defended the C"0BAtitubtOu 6Eu OulOD
not only throughout the war Of the re
b~eliioD, hut during the whole term @
Office as Chief Magistrate, but at th'
same time could ind no warrant 0
means at their command to bring to tEia
eveI the chief OF the rebellion. Indeed
the remarkable failures IN the case Wsrl
so often repeated that for propriety'i
sake, ii for no other reason, IL became a
last necessary to extend 70 him an IN
conditional pardon.
Whist more plainly than this Illus
trate5 the extremities OF party manage,
meut and Inconsistencies on tbs Ooe
hand, snd Of faction, vindictivsuess anC
intolerance Oh the other. Patriotism
will hardly be encouraged when in such
3 record it sees that its instant reward
may be the most virulent party abuse
and oblcquy, if not disgrace. Instead Of
seeking to make treason odious, il would
m truth seem to have been their purpose
rather to make the defense of the Con-
stitution aud Union a crime, and to pun
ish fidelity to ar oath OF ofHce.
THE FINANCE.
This is some Of their work outside OF
the Constitution, and because | charge
them with their high crimes and viola
ton OF tie Constitution, they heaped on
me vituperRtion and Obicquy.
II / know myself l came here on this
occasion TO speak to you in the language
of sobeFness and truth, and l have ac-
compliehed nay intention. do not want
you to think you will hear an orator de-
claim, in sounding, rounding sentences,
1 tell you il you did you can let your
selves down. [ came here TO deal in
fsets and arguments Give me your at
tention:
The population OF b United States In l701
was nearly four millions. The people increa--
Ing in eacu decade about 80 per cent, II reached
1850 thtr y millions, an increase OF seven
hundred per cent. on the pop alton OF 1890. IN
1853 10 Is that II Will reach tuigty-
millions, or an increase Of eight hundred
aud sixty-eight per csut in 70 years. The an
nual expenditurss o. the Federal Gevernment
in 1871 we're $500 600; in In, SlO,2O,OO0 IN ls-0,
81, GOO o; in lSJU. SGS.BO,OUU; IN 1863, nearly
8 3OO0.G0,t00; In Ices, it is animated by the Sec
iesa4y Of tue Treasury, IN his last annual re-
port, that they viii be three hundred and sew
enty Two mIuOls Of dollars, by comparison
OF the public disbursement OF 1863, 3 5 estima-
led with those OF lES It VIII o9 seen that the
Increase Of the expenditures since the begin
ming OF the Government has been eight thou
sand six hundred and eighteen per centum
the increase of the pOpu alton for The
saCe period was only eight hundred and sixty
per centum. again, the expenses o. the
IUN GELAaEAs III A1Hpf &c y sal ~ BGaNC AAA1uut
ate J prec deg the war, were only stxty-three
millions, whilst in 1861, the year CT peace three
yeaUs after The war, IL is estimated they viii
be S572,0O0,Ol0, an Increase o. 4o9 per c5ntum,
while the increase Of the population was only
Il per centum Tor the same period. ihe1e sta
further show that in 1871 The annual ma
.ional expenses compared vita the pOpuiati9n
were little more tnan one dollar pere8pIta, and
a 1860 bat two dollars per capita, whine in lS59
hey Will reach the eIttavagant sum OF nine
dollars and seventy-eISht cen ) per capita. 1t
vii pa observed that Al OF EnAHH Statements
referred to exhibit the disbursement Of p ace
O5iiOds. Il may, Therefore, be Of interest to
the Expenditures OF the three war Pc
war with Great Britain, the Mexican
Var, and the war Of the rebellt0n. In 1914 the
expenses incident 10 the war OF 1872,
cached tae highest amount, about tEtrtY-On5
while our population slightly tx
,ee1ed eight millions, showing al expenditure
If Ouly Inree collars and eighty cents per
in ISl7 the expenditures growing out of the
va &iJh Mexico reached hfty-tQur mill ions,
md the population about twenty one millions,
diving only Two dollars and sky Gems per
,soit4 for the war expenses of that year.
In 1855 the expendI Ures called fOr Gy the re-
)elliOn reached the vast amount OF twelve
hundred and nine,y millions, which, COM
,srsd with a population OF thirCy-tour mil
ions. gives IhirJy-etghJ dollars and twenty
.ents per csp.ta. From the fourth Gay Of
March, 1853, t. the 30th of June, 1855 the entire
xpenaitures OF the Government were seven
cen undrsd millions OF dollars, During that
period we were engaged in wars with Great
dh0 AlGAAtbg &Al4 we're AANGAFEA W nus
.Iittes with powerful Iadian tribes Louisiana
purchased from E.auCs al q cost of fifteen
niiIOus Of dollars Florida was coded 10 Us by
spain for I'VE millions; "a Norma was acquired
rom Mexico for fifteen mi lions, and the terri
DRY Of New Mex CO was obtained from Texas
or the sun OF ten millions.
Early ia l>6l the war OF the rebellion CON-
nenced, and from the first OfJuly Ofthat year
o Jhe md OF June, 1853, the public expendI-
.ures reached TIE aggregate OF thirty
.hree hundred millions, Three years OF peace
interviewed. ana during that iime the dis
OF the Government have success
lively been nve hundred and twenty millions,
hree hundred and :Orty six millions, and three
hundred and seventy three millions. Adding
o these amounts t~bree-hu4dred aud seventy
wO millions, estimated Is necessary for the
lscai year ending the Sun o. June, lebS, we OBJ
4 total expenditure or sixteen huudr
Millions Of doliars during the four years imme
succeeding the war, or near Y AS uaUch
= Was expended during the Scyeuty-twO Yeas
nat preceded The rebsllion, and emSrsced the
.x,r4JruiuaIy expenditures already named.
Take the war and peace periods. Cor
psrmeages every department Of
Government. Think OF il, aud ssk
yourselves il reform is not needed. You
viii hsd upon examination y debt fixed
N the country, q debt Of more than s.
100, 900 GOO, requiring the payment of
more thar $50 millions in gold and in
reGsing the taxable burdens of the peO-
lie 70 more than $50 millions per year.
Congress is in favor Of 3 continuance of
his debt, in favor Of the b0ndbOldsr, the
and tyrauniesl Congress. We
the design of ali this. IL is Usurps-
ion of ali power. They are afraid Of the
afraid OF reputation, because
hey mold the bonds and are personally
aterested in their redemption. Think Of
{, $50 millions in gold psr yesr required
o uees the interest on this burdensome
iebt. Dat of $500 600, coo collected each
yesr for the purpose Of defTayiDg the ex-
)eGsss Of the Government, full $50
dollars are necessary to pay the
loudbOlders, who represent s., 500 OO0,-
100 OF debt. The poor man who tolls for
ne Government in its navy yard, arse
lal5 and shops, must take g~reenOacks for
ais wages, gTeenb2cks at q depreciation
II So to 40 per cent. below par, but the
'ich b0ndholder, who Ii res at his esss
lad rolls in luxurious wealth, gets gold
or his coupons gold-and silver. The
working man must take paper at q dis
count OF 40 per cent. below par. The
nan who sweAts, and labOrs, and tolls,
Jays the debt, the soldier too, but the
Eealthy b~ondholdar must have his gold
md silver. 1 say this in DO spirit of
iemagogueisu0, but in a spirit of justice.
{ sent into Congress my views upon this
l will read you what l said.
Here is what l said:
"Tae feasibility Of making our curren-
" correspond with the constitutional
may be seen by reference TO a
fscts derived from our commercial
statistics.
The aggregate product Of precious
metals il the United States from 1919 to
1867 amounted to 81, liza, 000, coo, while.
ior tbs same period, the net exports Of
1peeie were Sal, 000, 900. This shows an
of product over net exports Of
1888 900 900. There are ia the treasury
sl03. 407, 965 in coin in circulation ia the
) stes on the Pacific coast about $40. 600,
700, and a few millions in the Ma.
.ional and other banks-in all less
Than $3.50, 900, 600. Taking into c0nside-
ration the specie in the country prior to
1913, and that produced Stree 1867, and
have more than $500 0J0, 900 not ae-
for by expectation or by the re-
turns Of the treasury, and therefore most
probably remaining ia the country.
"Theee are important facts, and show
now completely the inferior currency
sill supsrsede the better, forcing it from
amoDg the masses, and csus-
1t to be exported as $ mere article o.
trade, to add to the money capital Of for
eign lands. They show the necessity Of
re firing our psper money, that the return