The Tiffin tribune. (Tiffin, Ohio) 1868-1887, 1870-09-22
A Few Facts of History.

The Republican administration o
President Grant will have been, IL
power eighteen months on tAe frs
day Of September. What mas beeI
accomplished during thisYear and siI
months in the way Of reducing the
public debt, will be made known when
the official data are received. We
have the official facts before Us to
show what has been done during the
first seventeen months of his Admin
istration, and these facts we will here
eOndense and present without eOBl-
nlent or conclusions The intelligent
voters OF this State are quite capable
drawing the proper differences when
they have the evidences of existing
facts before them.
- /. Fact first is that the public debt
has been diminished over ONE HUN
DRIED AND FIFTY SIN MILLIONS OF
dollars in seventeen months. That
is to say, the public Indebtedness on
the first day Of March, 1868, four days
before President Grant came into
power, was s., ,525, ,46S, ,26O, and on the
first day of August, 1870, it was 8,
3G9, go, ,476, from which 1t appears
that there was q rsdueti0n of the debt
between March !, 1859, and August l,
1870, of just SlJ6. .l88, ,TS4.
2 Fact second is that there has been
a reduction in the expenditures of the
Government of EIGHTY-FTvE iMII.-
LIONs in the first fiscal year of Presi-
dent Grants Administration as COM
pared with the fiscal year Of Andrew
JohnsOnls Administration. This ap-
pears from the official fact that for tie
fiscal year ending June 80, 1855, the
expenditures Of the Government were
in round numbers three hundred and
seventy-seven millions, while for the
fiscal year ending June 80, lST0, the
expenditures were two ihundFed and
ninety-twO millions. .sl5- -l.I
-e 3. haOt third Is that In addition to
the reduction I'M taxation of IT3 mil-
lions made by Congress since June,
1856, the act OF July IA, 1870, makes a
further reduction of annual taxes OF
upwards of 81 millions. Hhat is, in
ternal revenue taxes have been re-
dueed 55 millions, and the reduction
I'm the tariff duties have amounted to
26 millions. And this all i'm one year.
4. Fact fourth, which may be noted
i'm passing, is, that of the fifty-five
Democrats who voted on this bill,
eight voted for and fGFty-seVen against
this reduction Of taxation. Perhaps
the people will be able to construct
this, U 7-
5. Fact fifth Is that there will be an
annual saving of interest of more than
SO millions when to the amount al
ready saved by the partial payment OF
the debt there is added the amount
that viii be saved under the act for
Fefunding tho debt at a lower rate of
interest. 1t should be observed that
every Democratic Senator and Repre-
sentative in both Houses of Congress
voted against the reduction of the in
terest on the public debt and thereby
against diminishing the burdens OF
the people.
@. Fact sixth is that for the first fif-
teen months of Grants Administra-
tiOn there has been a net increase OF
064 millions, or Al per cent. in the
amount collected from sources of in
teFnal revenue, as compared with the
collections for the last fifteen months
of JOhnsOnis Administration. And
this notwithstanding the reduction OF
internal taxes under the two acts Oi
1883, of IS millions.