The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1869-07-14
REDUCTION oflho Public Debt.

Our Democratic exchanges seem
averse TO devoting much of their
space to the discussion of the Public
Debt. Prior to the Inauguration OF
President GRANT they were loud in
their declarations that the country
was getting deeper in debt and the
people would never be able to stand
the terrible taxation to which they
must be subject in order TO pay the
debt But as the monthly reports
from the Treasury Department were
announced, and it was seen that the
debt was being steadily and rapidly
reduced. a1ithout any increase ofara-
ton, they became more cautious and
now we find them seldom abiding to
the unpleasant subject at all. The
fact that the Public Debt was reduced
S36,46O,779 43 during the first four
months Of Gen. GRANTS administra-
ton is too indigestible food for
them to set before their
readers The manner, also, in which
this extraordinary reduction has been
accomplished IS equally distasteful to
the Democratic papers who predicted
different results. During the first
three-quarters of the fiscal year Jun
der JoHNsoN) our expenses exceeded
$85,OOO,OOO per quarter. During the
current year they will not exceed
$50, 100000. If this is kept up, it
will amount to S8O,OOO,OO0 annually.
As the reduction of the army Of
clerks, army officers, Indian agents.
and Treasury leeches will not tell as
fully upon the first quarters expenses
as upon subsequent ones, there is no
reason why this saving should not be
continued throughout the year. IF
this should prove to be the case. the
joint gaiu on both the revenue and
expenses will amount to $3.50, 600 900
year.
The following from the Chicago
Tribune gives the figures from the
balance sheet for the fiscal year:
Tie balance sheet for the fiscal
year ending to-day is not vet reported
but the receipts have been ascertaine5
at the Treasury Department and tbo
showing Is exceedingly good and
better than the most sanguine eot;-
mates OF last year. The customs 60;
mate of Secretary MeCulloch Iast
December was S174, 000, 900; of Snec;o /
Commissioner Wells, last Jannarv
$l1O,OOU.OOO. The actual receipts mn IL
this evening. are $179, 800, 600. Est.
mated receipts. when all on the wa1
are credited. 1882 O00. OOO-whieh !,
S1Z,OOO.OOO above Wells estimate anC
$S,UOO,OOO above McCulloeh's Inter
nal revenue estimate Of McCnI1oeb
S14O, 100000; Rollins. SI45 O0O mn
Wells. SI55. 000. 900. Actual $500.
to this evening, $158 237, COO. The
estimates, when all on the wav arr
credited; Sl6O,000,000, which !,
S3,O0O, 900 above Wells estimate s15
GO,OOO above Rollins and $40 600 00(
above MeCulloch's. The recent,
from all miscellaneous sources ar
not yet known, but the figures vii
not De Tar from S3I, OOO, 900, giving thf
aggregate government receipts for tb(
year at about $373,000, 900. which !.
PIC, O0O, COO above Wells estimate anc
$55,OOO.OOO above McCulloch's. Tn,
expenditures for the year can mot 4,
aseertaIned for two or three weaIe
Wells estimated that the recaint,
would be $30.OOO,OOO greater tban a pI'
penditures McCulloch S20 00o o0 mn
while, in fact, the balance O ON ~,
right side will be at least $40 Ooo o Nh
and may reach $50,000,0OO. II ~ M,
be worth adding. as a pleasant remin
iscenee of days that are no more. tina
Delmar, the brilliant financial ma
of the Democracy, in the last cam
paign assured the country in his lei
ter of September, that the interna
revenue would yield but 1872, 600 90