Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1870-08-26
NO. %.

uon, the revenues of the fiscal year end
ing goth of June, 1870, were nearl,
100, 900, 900 against less than S9z4.
90 900 tor the year ending goth of fun
1869, showing gain of nearly Ss8. 900.
300. On the other hand, the expense,
1f the fiscal year, 1870, were less thar
those Of 1869 by more than $40, 900 oOC
thus showing an increased revenue anC
saVing in expenditures Of more thar
,lXty-seven millions of dollars in the frs
Iscal year of General Grants Admins
ration. In the first sixteen months ot
dr. Johnsons Administration the
'eceipts from customs and internal reve-
rue were less than S372. .ooo. 600. Du-
ring the first sixteen months of General
Grants Administration they were more
than $46o, ,oOO, 900, showing an increase
Of nearly ninety y-seven millions of dol
lars. Republicans will remember that
during the last two years of Mr.. Tohn-
sons Administration he removed all
Republicans appointed by Mr. Lincoln.
md others who adhered to the principles
of the Republican party and appointed
Democrats where he could do so.
The character of the appoint
ments, and the demoralizing influence
which his opinions and conduct had
upon them, were seen in the loss Of
scores of millions of dollars of revenue
in those years, The. large gain in the
collection is mainly due to the deter1nin-
ed 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 TAXES
During the recent session of Congress
taxes have been reduced more than S7s,-
ooo, 900. The taxes have been removed
from transportation by canals and rail-
ways, from sales by dealers and manu-
facturers. The income tax has been re-
duced to two and half per cent, on all
incomes above two thousand dol
lars; and it is to expire at the end of two
years. The tax on tea has been redu-
ced from twenty-five to fifteen cents per
pound; on 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 industries of
the people and the necessaries of life
have been relieved of burdens amount
ing to millions. The FundingBiH is an i'm
portant financial measure, which contem-
plates the saving interest on the public
debt by the exchange of outstanding six
per cent, bonds for those of a lower rate
Of interest,", to the amount of SIS, sos, 600
a year. While a reduction in taxes
transfers the burden of the debt from
one year to another, from one genera
ton to another, a reduction in the rate of
interest is an actual saving to the coun-
ny, not only for the present generation,
but for all time. And yet these impor-
ant and beneficial financial measures,
Intended to tighten the public burdens,
little eountenance and support
rom the democratic party, whose re-
expenditures, its debts, and its taxation,
are so fearfully large. o
THE GLORIOUS RECORD OF THE PARTY.
Not fruitless, but high, noble and glo-
rious, is the record of the Republican
party History will note It, and the
world will gratefully remember it. In
the light of this brief review of its
for patriotism, liberty, JUS
tice, and humanity, should not Repabli-
cans, one and all, cling to their grand
rectify its mistakes, correct
its errors and keep it true to its past tra-
ditions, and in harmony with the en-
lightened and progressive spirit of the
age? So doing, may they not perpetu-
ate their power until their benehcent
shall become the accepted
policy of the nation?
HENRY WILSON,
chairman Congressional Republican Com.
JAMES H PLATT, Secretary.