Wyandot County Republican. [volume] (Upper Sandusky, Ohio) 1869-1903, 1870-08-05

y
year in the way of interest, until the
whole debt is finally paid, and the
money thus saved in the way of in
terest can be applied to the payment
OF the bonds.
WHY THE TAxEsswERE NOT REDUCED
BEFoRE.
Now, my friends, the question
may present itself to your minds,
and doubtless has, as 1 have passed
along, how is it that you have not
been able to repeal eighty millions
of taxes ? Why wasn't that done
before? You have bad Republi-
can Congress all the time, why
couldn't you do it before? Well
now 1 want to teilvou. We have
had a Republican Congress, but we
have not had a Republican admins
tration until the last sixteen months.
The last three years and a half of
Johnson's administration, as you all
know, was as thoroughly Democra
tic as that of James Buchanan or
Franklin Pierce. Now I want to
tell you how we are able,a this time,
10 repeal eighty millions of taxes,
and still hsve surplus money coming
into the Treasury with which to pay
off the national debt. First, by
economy; second by reducing the
| ~
them. as compared with Johnson's
administration, over fifty millions of
dollars. They have been curtailed
here and they have been curtailed
there and in the other place, and the
expenses of the Government has
been greatly reduced. Well, we
have made a large amount there
Then we have made large amount
in another way, and that is by the
honest collection of the revenue
And | wish to show you statement
/ obtained from the Secretary oi
the Treasury since | returned home
only three or four days ago. l saw
Mr. Boutwell, the day 1 started, and
| told him l wanted him to send me
4 statement very soon, of the exact
amount that had been gained in the
way of honest collection of the rev.
enue since Grants administration
came into power. as compared with
Johnson's, and he said he would
have the statement compiled and
send it to me, and / have got il
here:
81 have the honor to state that
there has been an increase of $32,-
006,755 in the internal receipts dur
ing the first sixteen months of Pres
ident Grants administration, as
compared with the last sixteen
months of Johnson's adminIstra-
ton"
There you have it. On the same
taxation, even with the less taxation,
because under Johnson's admins
tration, the tax on whisky was .wo
dollars per gallon, hut under Grant S
it is put at eighty cents as compared
with the last sixteen months OF
Johnson and the first sixteen months
of Gtrant,are substantially the same
though less taxation, we have gained
over thirty two millions Of revenue.
Again, and an increase of S51, ,413,-
853 in customs duties That is from
the tariff for the same period on the
same rate of duties, simply by hon
est collections,mak in the aggre-
gate gain of S5I,413, ,709. just re
sulting from honest collections dur
ing the first sixteen months of
Grant as compared with the last
sixteen months of Johnson's Demo
cratic administration. Now, when
we add this to what We have gained
in the way of economy by reducing
the expenditures you will under
stand how we are to reduce the tax
alton SS0,000,000 by one single
| blow.
But Mr. Boutwell, goes on to say,
the decrease of the public debt for
the last sixteen months is SI39,104,-
660 27.' That is, since Grant came
into power up - the 9th day of j uly,
nearly one hundred and forty mil
lions of the public debt has been
paid off, and / got dispatch show
ing that by tom ght the public debt
will have hCcn reduced over one
hundred and iorty-six millions of
dollars since Grant came into pow
er. During the last sixteen months
of Johnson being in power, only
about eight millions were paid oil,
as l am advised, certainly less than
nine millions. At this rate, the
public debt will be paid off in less
than fifteen years. It is true you
have air been ground down by taxa
ton. you have all been perishing.
you are all poor, badly dressed half
starved, as you ali know. Laughter
But we have paid of over one
hundred and forty millions of this
debt since Gen. Grant came into
power Why, here is another great
result: is it not better to pay off the
debt in this way than to attempt to
swindle the creditors out of it by is
suing irredeemable paper money for
the whole amount for them to lose
it, and for the people to lose the
currency, and nobody gain but the
swindlers, and the Spectators, and
the shavers?
1 say in the presence of these
great results, all Democratic argu-
ments fail, they come to nothing,
ana what has been done in the past
sixteen months will be increased in
tie next sixteen months The admin
istration is getting better from month
to month and viii get better from