Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1870-08-24

JUSTICE, ltS nuibau!ty anu ltS WlSuom' lhe
firm, just and generous policy of the ad-
ministration toward the States lately in
rebellion, has brought much of order and
security, and crimes have largely dimip:t
ished. In the interests of economy, the
services of thousands of employees, both
civil and military, have been dispensed
with. The currency has been appreciated
in value by tens and scores of millions of
dollars. and the national credit has been
largely sire gthened. ."
H Without any increase in the articles
subject to taxation or in the rate of taxa
tion, the revenues of the fiscal year end
ing the Both of June. 1870. were four
hundred and nine millions of dollars against
less than thrre hundred and seventy-one
millions for the year ending 30th Of June,
1869, showing gain of nearly thirty
eight millions of dollars. On the other
hand the expenses Of the fiscal year, 1870,
were less than those of 1869 by more
than twenty-nine millions of dollars, thus
showing an increased revenue and saving
in expenditures of more than sixty-seven
millions of dollars in the first fiscal year
of Gen. Grants administration. In the
last sixteen months of Mr.. Johnson's ad.
ministratIon the receipts from customs and
internal revenue were less than three
hundred and seventy-two millions of dol
lars. During the first sixteen months of
Gen. Grants administration they were
more than four hundred and sixty-nine
millions, showing an increase OF nearly
ninety-seven millions of dollars. FIG. d..
Republicans will remember that during
the last two years of Mr.. Johnson's adj
ministration he removed Republicans ap-
pointed by Mr.. Lincoln and others who
adhered to the principles of the Republi-
can part,, and appointed Democrats where
he could do so. The character of these
appointments and the demoralizing infu-
ence which his opinions and conduct had
upon them were seen in the loss of scores
of millions of dollars of revenue in those
years. The large gain in the collection
is mainly due to the avowed purpose Of
Gen. Grant to secure an honest admins
tration of the revenue laws and the ap.
pointment of Republicans to Office who
we're earnestly devoted to his economical
: policy. Hfi 81 a
During the recent session of Congress
taxes have been reduced more than sey.
enty.fve millions of dollars. The taxes
have been removed from transportation by
canals and railways, from sales by dealers
and manufacturers. The income tax has
been reduced to two and half per cent
on all incomes above two thousand dollars
and it is to expire at the end OF. two
years The tax on tea has been reduced
from twenty five to fifteen cents per Id.
on coffee from FIVE to three cents; anc
the tax on sugar aud molasses has beer
reduced in the aggregate twelve millions
Of dollars per aDnum.
By this reduction of taxation the indus
tries of the people and the necessaries o
Ii have been relieved Of burdens amount
ing to millions. ,.. ...
The funding bill is an important meas
ure, which contemplates the saving o
interest upon the public debt by the ex
exchange of outstanding six per cent
bonds for those of lower rate of interes
to the amount of twenty-six millions ant
half year. While a reduction il
, taxes transfers the burden of the deb
$ from one year to another, from one gener
alton to another, reduction in the rat
of interest is an actual saving to th'
/, country, not only for the present genera
| tion, but for all time. ,
And yet these important and benefcen
financial measures, intended to Lighter
the public burdens, received little ccunte
! nance and support from the Democrati
party, whose responsibilities for the war
its losses, its expenditures, its debts, an
its taxation are SO tearfully large.
: Not faultless but high, noble and glori
]. GUS is the record of the Republican party
!. History will note it, and the world vii
I gratefully remember it.
r In the light of this brief review of il
S achievements for patriotism, liberty, jus
: tice, and humanity, should not Republ
i cans, one and all, cling to their grand Of
s ganization, rectify its mistake, correct il
errors and make it true to its past tradition
o and in harmony with the enlightened. an
g progressive spirit Of the age7 So doin
= may they not perpetuate their power vi
n til their beue6cent principles shall becon
i the accepted policy Of the nationf
!. HENRY WILSON,
/. Chairman ofthe Congressional
4 '1 -snp Republican Committee.