Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1869-09-24
Mr.. Pondioton,s Figures.

afsssHssft
oWr rerr,.ts thstr.AIr =. Pendlctenr shouldel
ha VI been pfeinAtOrely called on BY his
impatient supporters, and so led into lhe
unfortunate mistake of committing him |
self TO erude,and5 inaccurate statemBDts in |
,reSrad to thei Rnances, especially, IN his
only speech Of the canvass. Those things |
detract, mftht lifhds of tllose who do not
know his lf6nprAble intent, nom the repn..
tation for candid statcsnihnship ,acedrded
him by his pQlitcAl and personal ,lffietids.
Saturday, Ma, Pendleton seems more in.
fant In making outA case against 1lIis op4
ponents than Upon helping Mis- auditors 20
understand the sistiAnop Rs, II is, n ~. Z. 4
For example, In What he says OF the
diminuton, of the natioual debL nnher
President Grant seadministrallon--a point.
which is tellingswibh gTeat eiieot in. laYor
| of the Republithu party MIR. Prndleton
lfesorts to a species Of hgurihg whiUil docs
| him no credit even for ingenuity, sHis
process Is no better than that OF certain
| Democratic ORGANS, which We exposed
some time slSlceT7Q -counlnB Lie 'slpRlpB
| find as n debt, and reckoning cash on
hand and bonds bought in, on the wrong
| side of the nccoufb--in order to make II
appear that the tlinrouEh retrencnncnt
and econoinysem In practice by this Nd
4 1inlhlstration,.6 And itslargt9y increased re
4 txibitl from an honest collection of the
| revenue, have nbt diminished but actually
increased tue dGbtl Air .Rendlelon well
\ says; "'FEuTea wontlie may bea very
ltrue saying but they may be 40 turned
4 and twisted that they convey to liS com
mon pcoplef wiIu are not Secretaries or
Presidential candidatcs7 lpit only taxpay-
ere, n very false nlprcsAon" AnG he
proceeds 20 demonstrate o different
/ way from what we might hAySe ,eeiYpqctcd
the truth OF his 6emark. .-,-t - - q,
Mr.. Pondldoufirst objects to Mr. Bout
Wells ofllcial statement of tlm dinlinuiiOn
y pfthe debt, that teverynother Secretary
Thought the psoihc Railroad bonds were q
p6rt OF the debt.r As Mr. Pcndleton hap
: mems to think SO too, nc straightway-
with what Iyc may call an eager thought
: Ibssness--adda the full amount of chose
bonds to the debt statement OF August LIST
/, By this process, he demonstrates that tho
debt instead of being diminished, has been
actually increased under the present ad-
-, ministrationl Now, isit not Il little singu.
lar that MI thG Democratic mathematical
/ experts hjthert0 should have failed TO hit
uuon this discrepancy oneso obvious on
the very surface, FINK. Pmdleton is cor
raotY " is ID mot even more surprising that
4, | T..
trick Naturalization In point oi
met,, the Secretary has furnished a.full
: statement OF the amount OF, Pacific Rail.
road bonds issued. They arc fairly &C
! counted for IN, every statement, II makes
absolutely no difference in which way
y they are reCkoned, when you aro oolnpar'
J Ling month by month, To show the increase
! br decrease tifhhe debt, provided they art
+. included or Excluded alike in each state
: / ment,, Properly speaking, they have nd
! place in the ucbt account, being in The
= nature of a guarantee loalb Secured by
q bmortsagc; but that, we repeat, matters
. nothing in tho comparison nj monthly
, statements from which tho Paoilic bond'
, are excluded And these liabilities were
not incurred under the present Admins
| tration, in Gny.event.
II Not content with this ill.considerrt
n venture, Mr.. Peudcton adds "But ever
i according tohis (Mr. Boutwolps) plan, tht
!, statement shows m increase OF more THAI
|, eleven millions of dollars of bonds whicl
= Iibear interest in COIN He does not accom-
9 pilhy This ASSERTION with amy figures from
, 1.-The ofllCial report, or state Within wha
I nElength of time this addition has been mad
, 4 10 the issue of "bonds which bear intcrcs
in coin" The Government has not of lat,
been issuing bonds of this class, to on
!. Eknowledge.. Mr.. Pcndleton is not specnl
4 enough.
y lHdThe truth is--Cnd no amount of specio
lpleadmg og,Adrot figuring can prevent il
/ recognition hy the people-that The rC
= ceipts of the Government have bee
- largely increased since the inauguratio
- lJor President Grant. This has been aC
% compishcd, not by imppslnguny now bui
,r tens of taxation, but mainly by enforcing
- collection FROM the dishonest shirks VIII
a, had before mppaEed to evade doing thci
w part. With this increase Of the revenue
~ there has hoen also n great diminution G
~, expenditures, through rigid retrenchmei
nn and economy. BY means of this tw
edged sword of reform, an unusual al
nr important sNnllus has been left in q
y, Treasury, which Mr.. Boutwell, has used
Nv. paying or the debt mt the rnte of millio
t "t per month. Whether he has done this
"o hc the best possible way, is a fair subject I
.ai discussion 10 "deny tho hctS' as NJ
."i Penulctonl does, can hardly be wise,
as eNpedicnt oven for an OCCASION That 1t
,Y an uncandid attempt to mislcad, or else
~, hasty-cxcrcise in financial ciphcring, u
ra worthy his reputation, is certain.--G
If ciaIlIfi CtrOaicle.
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