Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1870-08-24


human
and gensA
toward the
brought Huc
crimes have layd
terests of econom5
of employees, civil -
dispensed with. TN
appreciated in value by
millions of dollars, and th&
has been largely strengthened.
THE REVENUES.
without any increase in the ar
iect to taxation or in the rate OF {
revenues of the fiscal year endlr
lime. 1870. were nearly S4O9, 0OO, OCS
less than 1911 900 600 for the year
30tb of June, 1869, showing gain OF nea
@2e ooo 600 On the other hand, the
nenses of the fiscal year, 1871, Were less
than those OF 1869 by more than SZ9'oUO'VVVss
thus showing an increased revenue anu saw
;ne- in expenditures of more than sixty-seven
-.iiiI;ons IF dollars in the first fiscal year of
Cen Grants administration. In the last
sixteen months of Mr.. Johnson's admlnls-
tration. the receipts from customs ana inter.
paI revenue were less than three hundred ana
seventy-two millions of dollars During the
first sixteen months Of Gen Grant ADMINS
t-ation they were more than four hundreo
and sixtv-nine millions, showing an increase
naQ
Republicans will remember that during toe
last two wears of Mr.. JOhnson's adminlstra-
tion he removed all Republicans appointed
NV Mr.. Lincoln and others who adhered 70
the principles of the Republican party, anu
anzainted Democrats where he could 90 So
| The character of the appointments ana 'ne
demoraIizing influence which has OPINION ana
conduct had upon them, were seen IN the
| loss of scores of millions of dollars OF reye-
nne in those years. The large gain IN the
collection IN mainly due to the determined
and avowed purpose of General Grant to
secure an honest administration OF the reYe-
nue. laws. and the appointment OF RepnolI-
cans to Office earnestly devoted to his econen-
ical policy. -
REDUCTION OF TAXATION
During the recent session ofCOngress taxes
have been reduced more than s. 5000, OO0-
The taxes have been removed from transport
alton by canals and railways, from sales oy
dealers and manufacturers. The income tax
has been reduced TO two-and-a-half per cent.
on all incomes above s., 1000; and it is to
expire at the end Of two years. The tax
on tea has been reduced from twenty-five to
i fifteen cents per pound on coffee from i've
to three cents, and the tax on sugar and mo-
lasses has been reduced in the aggregate
twelve millions of dollars per annum. By
this reduction of taxation the industries OF
the people anu the 1eceSsdEt0S u me AoFU
been relieved of burdens amounting to mil
lions The funding bill Is an important
financial measure, which e0ntemplates the
saving of interest upon the public debt by
the exchange of outstanding six per cent.
bonds for those of lower rate of interest,
to the amount of $50 500, 000a year. While
a reduction in taxes transfers the burden OF
the debt from one year o another, from one
generation to another, reduction OF the
rate of interest is an actual saving to the
country, not only for the present generation
but for all time. And yet these lmpor-
tant and beneficial financial measures, IN
tended to tighten the public burdens, receiT-
ed little countenanee and support from the
r Democratic party, whose responsibilities for
the war, its expenditures, its debts, and Its
: taxation, are so fearfully large.
THE GLORIOUS RECORD OF THE PARTY.
: Not faithless, but high, noble and glorious
is the record of the Republican Party. His
tory will note it, and the world will gratefully
remember it. In the light of this brief review
!. of its achievements, for patriotism, liberty,
! Justice, and humanity, should not Repubi
cans, one and all, cling TO their grand organ
izatiOn rectify its mistakes, correct its errors,
e and keep it true to its past traditions and in
: harmony with the enlightened and progressive
5 spirit of the age? So doing, may they not
perpetuate their power until their benehcent
I principles shall become the accepted policy OF
the nation. HENRY WILSON
5 CAN Of Congressional Republican Com
LAKES H PE..TEs S~~-~s--,,