Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1869-07-29

price OF the composition. As long 9
newspapers will employ these .middl
men, and authorize them to take advel
tisements for half the price they woul
themselves make contract directly wit
the advertiser for, they never will b
patronized by merchants and manufas
turers, but will always be treated a
appendages to- advertising agencies
And We are inclined to the opinion tha
fthey ought not 70 be patronized by 1ocs
merchants as long as they allow the fol
eign merchant such unfair advantage
over them in their columns
ECONOMY AND RETRENCHMENT-
| ,--, THE RESULT.
When General Grant announced hi
platform of" Retrenchment and Econo
my in the public expenditure, and al
faithful collection of the reyenue,p
gave confident feeling to the publ,
that an improved condition of our finan
Ecial position would be the result. Ii
four months of the new policy such pro
gress has been made in the reduction o
expenses, and in the increase of revenu,
by its faithful collection, that the posi-
bility of the rapid payment of the deb
has been demonstrated, by the payment
during those months of over thirty-siz
millions 5000, 600 of that debt. Thi:
payment has SO improved the public
credit that the ability to fund our debl
at a much lower rate of interest, and
thereby reduce the burden of taxation,
is already apparent. All the bonds oi
the Government-excep few of the
1910 series-draw six per cent. Interest
in gold and at the time these bonds
were issued this was the lowest rate Of
interest at which the Government could
borrow money. Under the honest,
faithful, economical policy of Grant and
Boutwell,, the credit of the Government
has been so improved that capitalists are
offering to loan our Government money
in large quantities at from four to five
per cent Last week Secretary Boutwell,
received proposal from a German house
in Frankfort to loan our Government
three hundred million dollars at five per
cent. and he has been informed from a
well advised source in England, that a
bond at four and a quarter per cent. can
easily be negotiated in Europe within a
few months. sos.
How different is this result from that
predicted by Democratic editors and
speakers, and how different from the re-
suit that would follow theinauguration of
the Democratic policy of initiating the
irredeemable debt by the issue of green
backs. By reduction of the rate of in
terest to five per cent. the Government
would save twenty million a year: by-a
reduction to four and a half, the rate
at which the debt can and will be found
ed if the present policy of the adminis-
trationissustained, the saving in amount
of interest would be thirty million a
year. This amount alone, if applied to
the payment of the public debt would
redeem all the outstanding bonds.in less
than thirty-five years., and if used in
connectieAwith the amount now paid
out of the revenue of the Government
for reduction of debt would liquidate the
whole debt in about eighteen years.
This is the purpose of the Republican
party, and it is, much more honorable
than the Democratic polly ofrepudiatior..
- F
DON PIATT ON THE DEMOCRATIC
The Democratic newspapers are in the
habit of quoting Don Piatt to prove the
corruption of the Republican party, but
they always stop quoting before he is
done with the subject of political corrup-
ton. We ask the Gazette to copy the
following excellent picture of its party
as given in a recent speech of Piatt r.,
know, my friends, whenever 1 utter
this-and have repeated it frequently
for the last two years-the opposition
journals take it up and style il confess
sion from Radical, and claim it is an
acknowledgement that our party is cor
rupt. And than they appeal to the pep
Pile to put their trust in the Democracy,
and SO hope for reform in the service. 1
can not find much relief in that direc-
ton. Let me tell you in sentence
what think of this Democratic party
1t is the organized ignorance of the land,
animated by low prejudiees and vicious
passions; and, while / would shrink
from asserting that all Democrats are
rascals, will say without fear of success
ful contradiction that all rascals are
Democrats. In analyzing the rings l
found operating in Washington last
winter, / discovered that two-thirds of
their members belonged to that old or
ganization that claimed to be born under
Jefferson, fought under jackson, and
suffered death under the venerable Bu-
cahanan. Whetherit rose again at any
subsequent period is for the people to
say. --f-lr al 4s is- u.H 80 .ie
THE vARIEGATED DEMOCRACY.
In Ohio the Democratic party is in
favoro repudiating the payment of the
bonds, and for free trade. In Pennsyl-
vania it has " bloated bondholder" for
its candidate for Governor, and is in
favor of paying the debt in gold, and for
8 protective tariff 80
In Ohio it denounces the XVIII
Amendment as unconstitutional and is
opposed to negro suffrage. In Virginia,
Tennessee and other Southern States it
is in favor of the. Amendment and elects
negroes to office. .--ss.i9 HsiiE-
THE election of Governor Walker in
u-Na -. O.