The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1870-09-16

ional Committee1 Wasnlns Ton u "
AUeusrA, Me, Aug. 4, 1870.
HoN. JOSEPH BAKER,
Chairman District Convention:
DEAR SIR: Various circumstan-
ces have caused delay in my for
NAL acknowledgement of your favor
advising me Of the fact that had
again been nominated for represent
ative from the Third Congressional
District. 1 desire though you to
express to my political friends the
profound sense of obligation l feel
for this renewed and emphatic ex-
preston of their confidence. Appre-
ciating as [ do most fully the moral
worth, the general intelligence, and
the high character of my eonstitu-
encv, l confess that it is a course of
grateful pride that | have been en-
abled to retain so steadfastly and
for so long a period their good win,
their sympathy, and their support.
In accepting the nomination with
which am thus again honored, /
may be pardoned, trust, for dwell
ling at some length on the issues in
volved in the pending election, and
the relative claims of the Republican
and Democratic parties to popular
confidence.
REDUCTION OF THE DEBT.
It is seventeen months to-day
since General Grant was inaugura-
ted as President of the United States.
When he was invested with the Ex-
ecutiye authority the National Debt
amounted to $685. ,463, ,260 On
the first day of the present month
the total debt was $2,S69, 324, ,476,
showing a reduction in the period
referred TO of the enormous sum of
SI56,13S,784-at the rate Of consid-
erablv more than one hundred mil
lions per year. During the seven
teen months Immediately preceding
General Grants accession to the
Presidency, when the Democratic
party had control in the councils of
Andrew johnson, the National Debt
was increased more than thirty mil
lion Of dollars. I am writing with
the official reports of Secretary Nc
Culloeh and Secretary Boutwell, be-
fore me, and the accuracy of these
figures cannot be successfully ques-
toned.
But suggestive as these results
are, the whole truth is not yet told
for it must be remembered that
the enormous reduction of the Ma
tional debt under the administration
of General Grant has been achieved
with diminished sources of taxation
as compared with those in existence
when the debt was so largely increas.
e;i under Andrew johnson. This
fact demonstrates very cOnclusively
two very important, points, viz
First that the revenue has been col
lected with far more scrupulous
honesty and exactness under Presi-
dent Grants Republican Admins
tration than it was under President
Johnson's Democratic administra-
ton; and second, that the public
money has been disbursed with fal
greater economy and care under the
one than it was under the other
Contrasting the two periods of equa
length, the one under Democrat
ic influence the other under Repub
lican influence, and the difference tx
the National Treasury in favor o
the latter exceeds one hundred anC
eighty-six millions of dollars, jus
about eleven millions per month
well nigh four hundred thousand dol
lars per day. And this difference i
exhibited be it remembered, .whel
the Democratic party did not haY
full sway in the Government. The
had control of the President but wert
under the continual and wholesome
restraint of Republican Congress
What the Democratic party would
do, if clothed with entire power II
ali the Departments of the Govern
ment, will, we trust, be left fora Ions
period to the imagination of men
without giving US the bitter fruits o
its practical realization. What forms
of Reputation of the National faitl
would be resorted to may be inferred
from the declarations Of their con
ventions and the speeches of many
of their leading men.
TIE DEMOCRATS PROPOSE TO PAY REB-
FL CLAIMS.
One of the most insidious danger
Gus and probable modes of destroy
ING the National credit under Dem
ocratic rule would be the paymen
or attempted payment from the Ma
tional Treasury of all Southern
claimants for losses inflicted by th'
war. This is not an inference-fol
it is boldly avowed by leading Dem
ocrats in both branches of Congress
In April last, during the pendency
of bill in the Senate introduced by
Mr.. Howe, of Wisconsin, to pay
'g0yaJ citizens for quartermasteI
stuO OOAi iA4AoSAlg J 5SOI6S GdhSl uuL4uS =
the rebellion" a Democratic Senator
Mr.. McCreery, moved TO strike out
the word '4oyar and supported his
motion by an earnest speech. On
the 2Ist of May, Mr.. Knott, of Ken
tuckv, an able, frank, and fearless
gentlemen, one Of the leaders on The
Democratic side Of the House
speaking on the question, used the
following language:
'But, sir, this is not all, nor half
I have been speaking of only Sc
much of our debt as we have giver
our notes for. Besides this we ow'
Mt the very lowest calculation, So,
OOO.O00,O0O; not to the bloated
bond-holder, of whom we have heaTC
50 much, but to class OF our peo