Knoxville weekly chronicle. [volume] (Knoxville, Tenn.) 1870-1875, 1870-10-05
RADICAL ECONOMY

Under this head the CRt0n ana A0tc12cuR
has INDUCED In series Of articles and
cloud of figures to'oecrre, tflit Rpuid not
refutc. the statement Of Mr. Maynard, in
his recent letter that the Republican party
las sliowEs tself 1.-THE party oSqcohomy
and strict accountability lie quotes
from Mr.. Maynard as follows
" Aside from the public debt, including debts
incurred for payment of pensions and bounties
for smpprcssing Instruction pf rebel Don, the eX-
pcditnrcs for the current year. including four
bors, are S1O5, ,426 -. The Democratic Ad-
ministration Of Mr. Buchanan spent for the same
objects, not including the rivers and harbors,
something over seventy million year in gold.
81 Under Mr.. Buchanan Administra-
ton a single regiment Of the regular army cost
over a million of dollars year in gold. Under
the Republican Administration of Gen. Grant a
regiment costs less than three-iourhs of that
sum in currency"
What Mr. Maynard readily Said, without
abreviation, was:
" Aside from these, the expenditure for the
current year. including four millions for the I'M
provement of rivers and harbors are SlOj,Sl5,-
416 -. The Democratic Admin stration Of Mr.
Buchanan spent for thGSame objects, not luClud-
ing the rivers and hhrbors something over
seventy millions year in gold The country,
in the meantime. has increased fully ouc-third
i'm population, say from thirty millions to forty
millions. and the extent Of inhabited territory
greatly en argcd. These facts and figures fully
sustain the claim of the Republicans to be the
party ofeconomy and strict accountability. We
might descend to particular. Take the army
| for instance Under Mr.. Buchannus Admins
tri.iou, single regimen. ut the regular army
| der he Republican Administration of General
Grant 81 regiment costs less than thrcc-tourtu- of
| thai sum in currency
This statement the Union and -Imcrjauu
attempts to confuse, if not confute, and for
| the very best Of reasons, that it coutradict-
fatty so much which has appeared in its
columns during The last year and a half.
We shall use its own figures and interpret
their true meaning. Let it be borne in
mind that prior to the war the expenses of
| the Government Were paid i'm coin. Since
January, 1862, they have been paid in cur
| rency, ut a discount, compared with the
coin standard, Of ten, twenty, thirty and
even sixty per cent. Nor let it be forgot
| ten that owing to the vast increase of tic
| precious metals during the last ten years,
| prices have greatly advanced all over the
world.
Excluding the public debt and the PEN
| sious, we find the following as the sum to-
tai of our expenditures for The current fs-
cal year:
Military Academy S3I4Sg2 q
Deficiencies, 64l469i 81
| Diplomatic and Consular Service loil3iI 4
Works of Defense, .................. 13l $50 "
| Post Office Department, beyond re-
ceipts for hostages, ..... ........... 100000 Ot
| Legislative, Executive and Judicial
expenses, = J492Jo ~
Sundry Civil expenses IT, G34 <
Army,
Navy, 2JO2O =
Indian Department t. 323 So o.
Total, s1o5, 3l5, 1926 ,,
The first year of Mr.. Buchanan's admin.
| istration, according to the Union ana
4. 4An,eyicot, the expenditure,exc only
payments on the public debt was ST., 291 J.
119 ~. This in coin is equal, with gold Il
Sligo, to SS4 ,339 ,63S IS in currency. Now
the public expenditures from the beginning
OF the Government have Increased NOR,
rapidly than the population. Mr.. May
nard estimates the Increase of population
between the aGminist uatious of Buchanan
and Grant at one-third, or from thirty mil
lions to forty millions. This is certainl
} within bounds. Taking thls basis, how
ever, and allowing fora corresponding in
crease OF HE pubic expenditures, ii Woul
now require SIP, 10, S5l 80 in currency t
: equal Mr.. Buchanan expenditure, whe
in reality the sum expended is but sos
r 3l5, 42j 20. #. --r
Now for the details. Under Mr.. Bucl
anan the army consisted of nineteen reg
ments, and yet it cost for the four years
I his administration an average of owe
twenty-one millions each yeaT--more tina
a million dollars per annum in gold, c
. | about thirteen hundred thousand dollar
| currency for each regiment.
The army consists at this time of fort
z regiments. Its maintainance for the yea
costs $40 ,32l ,367.22; or. per each regimen
A., $3.50 ,34l .S0-less than three-fifths the CO.
under Mr.. Buchanan. Nothing was sper
2 by Mr.. Buchanan for the improvement ,
| rivers or acknowledgements always OF
| posed that--and very little for works
defense, not wanted by the Southern leaC
ers of the party.
Again, the U7ion and american says
The average annual expenditure for each q
t cade for forty years Ireccdins Republican rul
. wasI
lo3l 70 1871 H.- .-.-S',-.. q OHO N
lo4l 70 lool ..-.'...s ~-~sA.~ .>--.s.sN DO 800
1851 TO 1861 ..-.,4-..-..> 60 go q
Here airs four decades, or periods Of To
years. The first was mainly occupied b