Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1870-09-28
0 GRAND

When General Grant wrote his let
ter Of acceptance Of the nomination
for the Presidential Office he made the
following explicit pledges:
"If elected to the office of President
Of the United States, it will be my en-.
deavOr to administer all the laws in
good faith with economy, and with q
view Of giving peace, quiet and pro
lection everywhere. = : Peace
and universal prospedty-its sequences
with economy of administration,
will tighten the burden of taxation,
while it constantly reduces the ma
tional debt"
These pledges, says the Deiawarc
Gazette, it is almost needless to say,
have been redeemed beyond the most
saDguine expectations, and these foul
grand results are the silent, indisput.
able fruits Of President Grants ad.
ministration:
The Increase Of the Revenue;
The Reduction of Expenditures
The Reduction of Taxation, and
The Reduction Of the National
Debt.
For example
From an official statement, which
we have received from the Treasury
| Department and which is signed by
| William A. Richardson, Acting Sec
rotary, it appears that the net gain in
the national revenues during the Is
months commencing with President
/ Grants inauguration and ending with
the LIST OF September, 1870, was $S7,'
| 213,765 60. That is, over eighty
! screen millions have been saved to the
taxpayers Of the country simply by
| the honest and vigorous enforcement
of the revenue laws.
During the same period there was,
as we lealn from the same official
source, an actual decrease in the eX
/ penditureso of the government amount
ing to S 2,Sj3,6S9 50. Add this sun
to the increase Of the revenue above
/ given and we have a net saving to the
taxpayers during the first Is months
J of President Grants administration
of S17O,O66,S26 81, or oUeT hun
| dred and seventy millions!
But this is not the only saving
/ which has been effected. The amount
of interest paid from September lsti
! 1867 to March ], 1869 was S211, D., 7l6-
6S, whilethe amount paid from March
l, 1869 to Sept. !, 1870 was S193, 43l, l55-
| 90 showing q net decrease in the in
terest account Of S17,S0G,561 6S.-
Add this 10 the amount saved by the
increase of expenditures and we have
a total net saving to the taxpayers OF
S1S7,S07,3SS 05, or nearly n hun
dred and eighty eight millions!
Be il remembered also that in the
same eighteen months during which
this vast saving has been accomplish
ed a Republican Congress has stricken
off taxes amounting to over eighty
millions, and that since the year 1856
this same Congress has reduced inter
nal taxation alone to the extent Of an
aggregate sum of tlDO hundred and
tJOeHty-eight millions!
Finally the increase in the reduc.
ton of thepublic debt during the first
eighteen months of President Grants
administration over the reduction in
the previous eighteen months, is Off.
cialIy shown to be S16S,15S,64 SO
and the aggregate reduction during
the same period to be $3.50, So, 100 60,
That is, while a saving to the tax pay.
ers has been effected amounting &c
over 1ST millions the Indebtedness Of
the country has been atthe same time
reduced nearly 10 millions!
Now the question arises and mus
shortly be settled at the polls whether
our Republican President and Repub'
lican Congress are to be rebuked fol
this magnificent showing. Is this
good work Of economy and tax re
duction to go on, or is this policy tC
be imperiled and in all probability re
versed through the success Of the par
ty which has o~ecasioned our burden
OF debt and which, wherever in pow.
| er, exhibits the most reckless extrav'
Rganee?
Let the people answer in October.