Holmes County Republican. [volume] (Millersburg, Holmes Co., O. [Ohio]) 1870-1895, 1870-11-24
REPUBLICAN FINANCIAL MANAGE.
MENT.

II 10 iClSouiuS W ehS iiASh1o VA
public economy and honesty, and
especially to taxpayers, to contrast
the Democratic administration of
New York with the Republican ad-
ministration of the country. The
Democracy of New York, which
holds power by election frauds so
stupendous that the interference of
Congress became a necessity to pre-
serve the purity of the ballot and
the presence of United States troops
is now necessary to enforce the law,
increased the taxes of the city from
$40, 100000 to $24,OOO,00O in ten
years, although the city increased
only 10 per cent. How this increase
is possible may be seen from the one
item of the salaries of Democratic
officials which amount annually to
So, ,429, 900, while the salaries of Pres
ident Grant and his cabinet amount
to only $4,000.
1t is impossible, on the other hand
to turn to the financial management
of the General Government by the
Republican party, without being
gratified at almost every step. There
viii be difference of opinion as to
land grants, as to tariff, and as to
the policy of the dm:nist-ation up
on m nor matters, but there can be
but one impression as to the general
financial management, and that
must be eminen-ly favorable. It
was an incalculable advantage to the
country to secure an administration
which made economy and the root
ing out of corruption the first pur-
pose in its policy. The effect of
this is seen and felt in every direc-
ton, the economy of the admins
tration encouraging Congress to a
reduction of the taxes to the extent
of $SO,O00,000. The last public
debt statement shows that notwith-
standing this immense reduction, the
decrease in the debt during OcGo-
Der was over $5,0OO,OOO, and for the
eight months since the 1st of March,
over 1896, 100000. The whole de
crease since the Grant administra-
tion came into power is over $751;
100000. 1t should be borne in
mind that this great reduction was
made without any increase in the
taxes, but on the contrary with a
decrease of $S0,OOO,OOO. Compar-
ing the expenditures of the present
with the last administration, shows
a saving OF $1SO,OOO,OOO to the
people.
These are the direct results, but
besides these the effect upon the
general prosperity of the country
and upon American credit abroad
has been very great. The reduction
in the price of gold alone since
Grants advent and gold sales has
put into the pockets of the people
over 100000, 900 by the mere appre-
citation of the currency. The latest
dispatches from abroad state that
the bonds Of the United States con-
tinue to rise in foreign markets, and |
are expected to rise until they sell |
at par. a;taf .-
This is the logic of facts and it is |
irresistible, We are satisfied that |
the honesty and economy of the
administration, that its admirable |
and satisfactory financial manage
ment, gives it more strength with |
the people than anything else in its
policy. Contrasting it with the cor
ruption of the Democracy where
they have the power,as in New York,
makes it especially conspicuous,and
the Republican party has only to
continue thus faithful to the inter
ests of the people to continue in
power.-Toledo Blade.