, 1870-08-12

cF Of the Administration toward tha StSteE
lately IN rebellion has brought much Of e.dsr
and security, and crimes hare largely di,ri2-
ished. In iha interests Of economy tic sarvi-
cca Of thousands Of employes, both civil a.,,
military, have been dispensed with. The cur
reilcy has been appreciated in ys1ua by ,e,,a
and Rcorcs of millions OF dollars, and tbs ua-
titrA credit has been largely strengthened.
THE REyEsUEs-
Without any increase in tho articles subject
to taxation Or in tho rats Of taxation, the rev.
tnnee Of the fiscal year ending 30th Of Juns,
tlsu 5351 GOO, 600 for tho year ending ) III Of
june lsG3, shoR ing g=in Of nearly ga, QUO eco.
On the other hand. the expenses Of the hs.l
year, 1870, we're less than those Of 1861 !y
morn than a.. .00t,, 600, thua showing q. in-
creased revenue and saSiug in expenditures Ut
more than eixty-seven millions OF dollars in
. the first fiscal year OF GeneEal Grants admin
istratiep. In the last sixteen months OF
N1. -oluson's administration tho receipts
from customs and internal revenue were
Less than three hundred and seyenty-tRo
millions Of dollars, During the first six
teen months OF General HFnnt's admin
ist1ation they were more than four hum
d7ed and si1tr-niue millions, showing an in
crease Of nearly ninesy-seyeo millions Of dol
1als. Republicans will 1ennembor that during
lie last two years Of Mr. IohnAon's adulinis-
fr.:ion he rcmuTed Republicans appointed by
. x. Lincoln, and others who adhered to thu
principles OF the Republican party, and ap-
pointed Democrats where he could doso. Tho
character Of the appointments, and the DE-
mornGziug influence which his opinions and
conduct had upon thnna. we're seen in the loss
Of scores OF millions Of dollars * -.eregus in
those years. The large gam in the collection
IL mainly due to the determined and ayo.ed
purpose Of General Grant TO- secure an honest
Administration Of the revanue laws, aud tho
appointment Of Republicans to Office earnestly
devoted to h1s economical policy
REDUCTION OF TA1Es-
During the recent session Of Congress- taYra
have BEEN reduced more than 81, ,Ol0, 900.
The taxes lave been removed from trausuor-
ta1ion by canals and railways, from sales by
dealers And manufacturers. The Income tax
has been reduced to two and = half per cent on
al incomes shove $1,000 and il Is to expire
been reduced from twenty-five to fifteen cents
per pound ; on coffee from i've to thrna cunts.
aIu the tax on sugar and Molasaes has been
reduced IN the aggregate twelve millions Of
dodars per annum. By this reduction OF tax
alton sn'9 49, The 1 Industries qt the people
relieved Of burdens amounting to mill
ions. Tbs Funding bill is an
Important financial measure, which cpatecn-
Plates the eaving OF interest upon tho public
debt BY the excl ange Of outstanding 6ppr cent
bonds for those of lower rate Of interess, to
IN taxes trzu.far2 tho burden Of thu
debt from one year TO a1Qthet, from ona gun
etatiou to another, = reduction in the rats OF
interest IL an actual aaviug to tho country, not
only for the present generation, b.t tor ou
time- And yet these inportan. and bauetie,al
financial measures, intended TO Tighten tho
public burdens, received little rolusananco
aEd support from the Democratic parry, whose
for the war, its losses, ITS ax-
pendltures, its dabte, and lis taxation, are 70
fseIfnlly large.
THE GLoK1ors REroBD OF THE rAn1:.
Not faulta-rs. hut high, noble, anA slos;ous
.s the record OF the Erpnblcan party, His.
tory will note Il, and the wo.iL will gratefully
e member it. In the lish, Of this BRIEF soy;ex
Of ,ts achievements, !oz patriotism, Iba1ry,
Justice, and humanity. should not Republicans.
one anst ~, cling to their grand organization.
5sctify its mistakes, eot1e,t its e14ors, .uA
Keep it true to its PAS, traditions. aud in ,,ar-
nony with tho enlightened aud progressive
tplr't OF the age? So Going nay they nat peg
Fetuate their lower until their bcueficieut
principles bliaI become tau accepted policy Of
the nation +? i;sShT Wrxox
Chairman of tho Congressional l:epubi,Saa
Ccn-l: lttee.
Jt.!AY Il. p1srr, Secrctatv.