Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1870-08-30

$29, 900, 900, thus showing an increas-
ed revenue and saving in cxpendi-
lures of more than sixty-seven
millions of dollars ia the first fiscal
year Of General Grants administra-
ton. In the last sixteen months of
Mr.. Johnson's administration the
receipts from customs and internal
revenue were less than three hundred
aud seventy-two millions of dollars.
During the first sixteen months of
General Grants administration they
more than four hundred and sixty
pine millions of dollars. Republicans
will remember that during the last
two years of Mr.. Johnson's admins
tration he removed Republicans
appointed by Mr.. Lincoln and others
who adhered to the principles of the
Republican party, and appointed
Democrats where he could do so.
The character of the appointments,
and the demoralizing influence
which his opinions and conduct had
upon them, were seen in the loss Of
scores of millions of dollars Of reve-
nue. in those years. The large gain
in the collection is mainly due to the
determined and avowed purpose of
General Grant TO secure an honest
administration of the revenue laws,
and the appointment of Republicans
to office earnestly devoted to his
economical policy.
REDUCTION OF TAXATION.
During the recent session of Con-
gress, taxes have been reduced more
than $75,000,000. The taxes have
been removed from transportation
by canals and railroads, from Gales
by dealers and manufacturers. The
income tax has been reduced to two
and half per cent. on all incomes
above $4,000; and it is to expire at
the end OF two years. The tax on
tea has been reduced from twenty
five to fifteen cents per pound: Oh
coffee from five to three cents, and
the tax on sugar and molasses has
been reduced in the aggregate twelve
millions of dollars per annum. By
this reduction of taxation the indus
tries of the people and the necessa-
rics of life have been relieved of bur-
dens amounting to millions. The
funding bill is an important financial
measure, which contemplates the
saving of interest upon the public
debt, by the exchange of outstand-
ing ak per cent. bonds for those of
lower rate of interest, to the
amount of$26, 500, 900 year. While
reduction in taxes transfers the
burden of the debt from one year to
another, from generation to another,
reduction in the rate of interest is
an actual saving to the country, not
only in the present generation, but
for all time. And yet these i'm
portant and beneficial financial
measures, intended to Tighten the
public burdens, received little coun-
tenance and support from the Demo-
cratic party, whose responsibilities
for the war, its losses, its expendi-
lures, its debts, and its taxations, are
so fearfully large.
THE GLORIOUS RECORD OF THE PARTY.
Not faultless, but high, noble and
glorious is the record of the Repub-
lican party. History will note it,
and the world will gratefully re-
member it. In the light of this brief
review Of its achievements, for patri-
otism, liberty, justice and humanity,
should not Republicans, one and all,
cling TO tho grand organization,
rectify it's mistakes, correct its err
rors, and keep it true to it's past
traditions, and in harmony with the
enlightened and progressive spirit of
the age? So doing may they not
perpetuate their power until their
benefcient principles shall become
the accepted policy of the nation?
HENRY WILSON
Chairman Republican Congressional Com.
IA d. Gao