The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1870-03-01

ofefheir bOnde, whick werostOs be SURF
rendered andnet stocks issued there
-fof. ins-e oAfofmitys ~-te the ~afras,gement.
Had their contract been carried out in
good faith, by the completion of the
| caAai, and placing it In saCgoed ns viga-
bic condition from the Ohio river to the
lakes, it would now be worth six times
the am cunt of their debt, and, n ext to
the. New York and. Erie Canal, would
be the most valuable work Of that kind
in the United States But the canal,
from Ter.e @Haute to Evansville, was
| constructed so imperfschy that they
were never able to get, as l am inform
ed, but two boats through it, and was
almost immediately aband oned, and the
construction was only SO far completed
as to enable them to say they had com
piled with their contract, ana thus
claim The conveyance to thenl of the
| lands, in which they succeeded. That |
part of the debt placed upon the canal |
was cxtinguished, so far as the State
was Concerned, both in law and equity;
and they have no claim upon the people /
of the State, of any kind whatever, for /
its assumption. Should tbe Legislature |
of indiana by any, means be brought to !
assume the payment of this debt, it
would be a monstrous fraud upon the
people Of the State. Not only did they
fail TO comply with their contract in the
completion of the canal, but liz ,conse-
quence Of it all the rest OF the work
which had been before constructed st
very great expense, has, to a great e,K
tent, been abandoned and lost to the.
people of the State; by which they have
sustained very great injury. A none
short sighted and unfortunate breach of
faith was never, committed. than that BY
which the people of Indiana lost the:
| benefit of that great work, and the ho H.
ers of the canal stocks lost their securi-
ty. To the assumption. Of this debt the,
administration of Governor Baker and
the Republican party will be infiexilAy
opposed.
1 a3 ECONOMY IN ExPENDITUREs.
Economy is the word: Retrenchment
and reform are the order OF the Admins
tration and are being pushed in every
direction. Congress is working dill
| gently to reduce the expenses of the
Government to the lowest point con-
sistent with its efficient operation and
the protection of the great interests com
mitted 10 lis care. During the eleven
nonths of its Administration great res
forms have been effected in various
ways. The amounted revenue collected
been largely increased as compared
with an &c uai period under the Admin
! istration Of Mr.. johnson. During the
first eleven NJ onths of this Administra-
ton, the amount of internal revenue col
lected was enc hundred and sixty FIVE
million three hnndred and thirty -four
Thousand six hundred and eighty-one
dollars, being an IL crease Of nineteen
million nine hundred and sixty six thou
sand three hundred and eighty-siX dol
lars over the a1lioant collected during
the last eleven months Of AR Johnson g
administration. During the same Pc
! riod the revenue received from customs
was one hundred and seventy million
two hundred and thirty three thousand
! eight hundred and forty five dollars,
/ being an increase over the amount re-
ceived from the same source during the.
/ last eleven months Of Mr.. Johnsopis.
administration of $50, 73s, AL. Thes
| reforms have been effected in less thar
a year. during which much tinae was.
! taken up1fn reorganization of the Treas &
/ cry Department, putt "a cut corrspt and
/ inefficient officers and putting in new
ones, and liz overhauiing sad repairing
the entire machinery ofah sections. Mhch'
greater results may be expected during
machinery will be in successful ope,a.
ton, and honest and energetic otfice.s,
with a full knowledge of their duties,
shall faithfully and effiein'ly execute.
the rsvenue laws. During the same pc.
! Rod of eleven months, as compared
| with the preceding eleven months, the
I expenditures of the Government have
/ been largely reduced. The economy OF
| an administration must be judged by its
/ ANIMAL expenditures. and net by the es-
! Inmates for appropriations, which are
| generally made by subordiE ate officers,
i often careiessly, and always intended
to be large enough Judged by this
rule, the administration OF General
1 Grant. it it -shall go on as 1T has begun,
i will, as ] believe, all: things considered,
prove to be the most economical since
that CTS John Quincy Adams
1 Thus far the President has realized
the n ost sanguine enticirations of his
friends, and although the tongue Of cal
jimmy has been busy with his name, and
systematic Efforts have been made to
4 take away from him the confidence Of
the people, he stands higher to-day in
their administration and affection than
ever before ms ability ana integrity
will triumph over all the SANDERS of his
enemies, and carry him safely through
the ordeal to final success.
During the last eleven months of
Johnssn's administration, the expendi-
: tures,ssere ssaa2T, o67 1884 SO. During the
first eleven menths of Grants admins :
tra.;on they were S27l, je2F .sCS 90; be-
;, ing a reduction of So, l59 1851 II,
!, The comparative account OF the two
Administrations thus TAR made up for an
equal period, will staslds.has.
Reduction in expenditures $55. l39, 9Sl A
Increase of internal revenue d9.96b,3s6 90
: Increase in customs. .......... 9,738,441 90
Il Making an.agsre gate gain -of ss4. s44, s0s A
81 for Grantss administration. which is
I, worth satTe thsn that &c aRy millions OF
/ Democratic platforms and premises. In
J, fact thosa Isttar constitute the most