The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1870-12-15
Uhf Uribuuf.
REPUBLzCAN FINANCIAL a.AnAoE-


1t is refreshing to the friends Of public
economy and honesty, and especially to
taxpayers, to contrast the Democratic
administration of New York with the Re
publican administration of the country
The Democracy Of New York, which
holds power by election frauds so stupen-
dous that the interference of Congress
becomes necessary to preserve 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 SI0,000,000 to S24, 600, 900 in ten
years, although the city increased only 20
per cent. How this increase is possible
may be seen from the one item of the
salaries of Democratic officials W icil
amount annually to So ,429, 900, while
the salaries OF President Grant and his
Cabinet amount to to only $50 900.
1t Is impossible, on the osher hand, to
turn to the financial manag eulent Of the
General Government by the Republican
party, without being gratii ID at almost
every step. There will be difference OF
opinion as to land grants, as to tariff and
as to the policy of the Administration
npcn minor matters, but there can be
bat one impression as to the general f.
nanclal management, and that must be
eminently favorable. 1t was au incalcu-
liable advantage to the country to secure
an Administration which made economy
and the roofing out Of corruption the
first purpose In its policy The effect Of
this is seen and felt in every direction,
the economy OF the Administration en-
couraglng Congress to a reduction Of the
taxes to the extent CT $50, 900, 600. The
last public debt statement shows thar,
Notwithstanding this immense reduction,
the decrease IN the debt during October
was over $5,000,000, aud for eight
months since the first of March over $50.
5Q0,000 The whole decrease since the
Grant Administration came into power Is
over 1888, 100000. 1t should be borne
IN mind that this great reduction was
made without any increase IN the taxes,
but on the contrary with decrease OF
$50, 900, 900. Comparing the 'expend-
ltures OF the present with the last atinia-
Istfation shows saving OF $3.50, 00U,O OO
TO the people.
These are the direct results, but be-
sides 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
mas put into the pockets CT the people
over 500, 600, GOO by The mere appreci-
alton Of the currency, TIE latest dis
patches from abroad state ,hat The bonds
of the United States continue to rise In
foreign markets, and may be expected TO
rise until they sell at par.
This is the logic OF facts and it is irre-
sistible. We are satisfied that the homes
ty and economy 81 the Administration,
that its admirable and satisfactory fnan
cial management, gives it more strength
with the people than anything else In its
policy. Contrasting it with the corrup-
ton of the Democracy where they have
the power, as in New y ork, makes il es-
pecially conspicuous, and that the Rapub-
lican party has only to continue faithful
to the interest of the people to continue
in mower -TDleFo PIySe