The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1869-08-21
FISANCI4L RENULrs

The democratic orat0s sEd prsssss
bops 10 gain much political capital By
charging the Hspublissu party With q
neglect Of the madonna nnsuesg. They
ring many changes on the SzlEaVa,
gances oi the government, ana the
heavy burdens Of taxation, and tbs
lHcreaso Of the public debt. Tbs letter
Of Commissioner Wells 10 William %,
Allison, not long since, Is : Batial.clo-
n answer to all such vague charges,
and gives q iSVorhbls view, both oIf6S
national finances and Of the economy
Of Congress.
Mr. Wells aSSeEts that the public
debt has been reduced in the round
SUN OF sWo hundred and my millions
OF dollars between August 81, 1885, and
June 70, lsGs. No nation In the world
has ever paid q similar amount Of in
dsbIsdnOSs ln al equal time; aud when
We consider the condition OF the eouu.
try, Just emerging from long and sx.
penaiys war, with the States most pro-
ductivs Ia nGtiouGl resources yielding
nothing to the Treasury, the result Is
most extraordinary. The Republican
party have reason to be proud Of such
m achievement, for they are Justly 60.
titled to the credit OF It.
Nor Is tho statement ior the last
financial year any leas satisfactory. II
has bsen frequently asserted that the
year would close with an empty treas.
ury, and an addition to tho debt. Mr.
Wells dispsls all alarm In this direction
by allowing that the receipts have been
nearly thirly.lYe millions Of dollats
above the e1PenSeA. In the fiscal year
ending June 80, 1859. This Ii far bet
tor result than any one hpd Ventured to
hope, FOL the year has not been Que Of
business prosperity, aud this fact has
caused a diminnllOn In the revenues
from manufactures, aud from Incomes,
In d year OF financial embarrassment,
when Great Britain and every EaropeHr
nation have been alarmed by den,
cieBcy OF revenue, II lhe United States
has Il surplus OF thlrtyhve millions,
the fact must be- accepted not only for
the honor OF the country, but also for
the credit Of the Republican party, who
are responsible for the management OF
the national finances.
Such result Is more encouraging,
because the taxes have been largely 70.
duced, and the national burdens light.
eued. During the fiscal year an abate.
mont Of over sixty millions in taxes
has been made by ludicious legislation,
aud now of all manu- taCtuFsd articleS
or products Of industry, the following
only arts subject to specific or direct
taxation: Distilled spirits, feEmsnled
liquors, Manufactured tobacco, gas,
matches, and playing cards. For
courage and skin, therefore, In eGsctipg
large and safe reduction lu the taxes
which have hardened the national In
dustry, the Republican party are en-.
Titled TO the favor Of the people.
Nor do they fall to deserve commen-
dalton for economy In administering
the government. They have been been
steadily reducing the national expen.
ditures for the last three yeRra. The
appropriations Tor the coming year
snow reduction OF tifty-sIx millions
In ordinary expenditures, and OF TWEEN.
ty-SiG millions In extraordinary, or "A
total reelection OF oyer elYhty.two mil.
lions. Congressional Committees have
examined very sharply the estimates
OF the different departments, and have
subjected them TO important revlsions,
euectiug u very large saving in tho up.
propriations for the year.
The Republican party, therefore, can
meet tEiumphantly ali the charges Of
their opponents. Ia three years they
have paid two hundred and fifty mil
lions otthe public debt, while France,
in the same period, has added one hun.
dsed ami MY millions tolls debt, and
every European nation but Great Bill
tain, has followed in the same dIrec-
ton. While other nations show large
deficiency for the last yenr, they can
report u general surplusi and while. In
other lands, the taxes and expenses
ire steadily increasing, the Republican
party in the United States are constant.
~ reducing both expenditure and tax
alton.
The financial record Of the party is q
brilliant one, and ought to receive the
hearty enforcement Of the people. The
remarkable executive ability OF Gen.
Grant, and his Well.kuoWn Views on
the Importance OF houesty and frugal.
ity in all departments Of the govern
ment, warrant the hope that the next
four years will be even better than the
past.
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