The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1870-08-11

are placed on the free list Of the
tariff, with hundreds Of others which f.
did not pay the expenses of collec
ton. Pig iron, the basis of all man |
ufaetures of iron, IS reduced from 50
to 81 per ton. And coffee, tea, and
sugar have had nearly half their
tariff duties abolished after this year,
reducing the daily expenses of all in
limited circumstances. Although
this last reduction curtails the reve-
nue. fourteen millions per year on SUI
gar, nine millions on coffee. and two
millions on tea, for tie benefit of
those to whom the articles have be-
come necessaries, and who use pro-
portionately nearly as much of them
as the rich, [ regret that the bill
which enacted it failed to receive the
Democratic vote.
z. FUNDING. Congress also passed,
over the opposition Of the Democratic
members, a bill for funding the ma
tIonal debt, on which six per cent. in
terest Is now paid, into bonds to run
80, 10 and 1O years respectively, at 4
AZ, and D per cent. interest; saving, If
all are funded, tWenty-six millions of
interest per year. The rise in gold
occasloned by the war. may retard
this desired contamination; but, if
| our opponents regard the new rates
Of interest as too high and too liberal,
their capitalists have an excellent OPP
portunity now to avail themselves of
them.
| s. Increased Banking Circulation.
Without Initiating the currency, but
at the same time saving nearly a mill
lion and half of interest per year to
the Treasury on IS millions Of three
per cent. certificates, Congress au"
thorized ,75 millions Of additional
circulation to the South and West,
which had now less than their share
of national bank circulation.
9. Pensioners. A much desired
change was effected by Congress in
providing for the payment to all pen
sioners quarterly hereafter, instead of
semi-annually, and in checks sent to
their homes; the Government paying
all the expense of the necessary
vouchers, instead of deducting it from
their pensions, as has been the prac-
tice hitherto IN all our history. And,
as the artificial limbs supplied to our
crippled soldiers wear out, on an av-
erage, in five years, new sets arc to be
furnished them every five years, OF
the money value thereof, if they are
unable to use then.
10. Peace. Despite our strong and
J undisguised sympathy with all who
struggle for liberty and self-govern-
J ment. we have been fortunately pre-
! served from any ENVIRONMENTS abroad
from war or entangling alliances, as
well as from the threatened Indian
war on the plains; leaving our work
of development to progress un.
checked; our national wealth to in.
crease; our national sinew and muscle
to handle the pillow, rather than the
rife; our debt to diminish; and, till
European war disturbed the money
: markets Of the world, gold to steadily
settle downward till within nearly
ten per cent. of par.
l must not trespass further on your
space. The picture thus imperfectly
represented is one of which none
need be ashamed. The Republican
party represents the power, growth.
progress, development and humane
and liberal ideas of the American
people. Every lover of liberty and
human rights throughout the world
sympathizes with 1t. Millions al
home as we'll as abroad rejoice over
its triumphs or are saddened over It's
reVerses. Unity In its rank guaran-
tees the one; disaffections and divis.
ions hazard the other. Grave will be
the responsibility on any whose course
should bring to it defeat instead OF
victory.