The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1869-09-23
and to deprcss the interests Of th
hnsinnsS of tho country. - -..L.-

anu TO GSpfCSS INT ihISIeSlS VI NiiS
business of the country a3EN.
JESS RECEIPTS AMI. ExPENDETURE.
[ have in my hand an official state
ment of the receipts and expenditures
of tile Federal Treasury, published in
pursuance of law, for the.thrnemonth
ending on thelast day Of June, 1869.
1t shows the receipts to have BEEN
from taxation andrsale Of public lands,
5I0a, ,S47,G1S 81, Or reducing Ii c
amount collected i'll gold from the Gus
toms [S44O21, ,S34 ~ to cmrency,3 at
3333i3 per cent, the receipts for three
months were S124,521, ,229 80, OF more
than five hundred millions for the
vear at the same rate. 1t also shows
that i'll addition to. this enormous
amount from taxation there was real
lied from loans S44,952, ,422 20, making
Il total, for three months from all
sources, in currency, of one hundred
and sixty-nine millions of dollars. .i5
During the same time the expendi-
lures are stated for ordinary expenses
at $66,011.02+, or.reducing the interest
|. on the. pnblic debt to currency ST5,-
l6I, ,169, and for payment onaccount of
principal of the, debt, S49, ,2S6, ,707, a to-
tai Z OF Sl24,3449, SIG. This jugglery
about the debt L hardly comprehend.
1t seems; We borrowed forty-fiYe mil
lions, and paid forty-lIine millions,
leaving an actual payment of about
five millions, but in order to effect
this payment there was an excess oot
revenues over expenditures of forty
! five millions, and the Secretary paid q
premium of one millionthree hundred
and seventy-four thousand six hum
dred and eighty dollars, or more than
twenty-five per cent. 9sa z9.i1sist5a
.z EXPENSES OF ARMY AND NAVY. ~
The army consists .of. $4,000
and costs S5O,00o,0o0 ayear. THE
navy. costs $25,O00.00O. Why dc
we need these vast arinaments p
For what useful purposes arc
they kept up ?'a And, if, it is necessa
ry to have SO nlanVmen, why shoulo
we have General and staff officers suf
ficient for an army ten times as great
| 1t is said Il do Got.vouch for its truth
that a Brigadier General sits in the an
te-chamber OF the White. House anC
! plays usher to the President. An eX
penditure. OF $15,000,000 for the arm,
and S8,000,000 for the navy would b.
ample. gail lr,}r t-sfn
I-.s said the taxation was enormous
Have [ not proved it L said it wa
unequally and unjustly distributed
The last official statement of the val
ne Of all property in the United State
was $4,000, 100000. The last officia
statement of the amount of bond
outstanding is S2,l72, 100000 Takin.
these figures as nearly correct, tn
capital invested iii bonds is more thai
onc-eighth of the whole. We khov
that the only tax paid by the bonds i
five per cent. on the income. The in
come for that quarter was $27, ,450, HOG
upon which five per cent. would b
81, 81, ,520-that is to say, one-eightl
of the capital Of the country paid 81,
100000, while seven-eights paid $123,
100000. Active capital engaged il
business, requiring labor to make i
profitable, supporting men and womel
and children, and giving health to til
commercial and social system, and Ii
able to revcfses and losses, paid seven
teen times as much, dollar for dollar
as the dead, inactive capital of iii
bondholder. which, without labor all
without ,lo:s, brought him six pc
cent. inteTost.in gold. s.a.a.
-a. .. ..ig -Is TARIFF. .t-.sfs.a '.-g