The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1871-08-17
NATIONAL FINANCES.

We are indebted to our esteemed friend
Mr.. Reser in Washington, for printed
exhibit of the National finances towit :
The reduction of the National debt
bonds purchased-public credit, etc. =
These different official reports show
most plainly and most satisfactorily
lst That in the first two years and one month of
the administration of President Grant there has been
an actual reduction of the public debt to the amount
OF s215, ,7e5, ,66s,74.
3D. That the annual interest charge to the people
has within the same period been reduced in the sum
of s12 O62 s97 aording annual re-
lief from taxation to that amount.
3d. That the net gold discount actually realized
to the public Treasury the purchase Of bonds by
which purchase the debt has been mainly reduced is
sl4,5S5, ,S3s.56,
4th That, in consequence of the measures and
policy of the Republican Congress and Administra-
tion public credit although greatly disturbed by
the war advanced during the period from the early
part of the year 1861 (he close of tho Democratic ad
minis traton of President Buchanan) to March LIST,
1S69-reaching aggregate appreciation, as applied
to the then existing values and principal of the pub
lie debt of three hundred and sixtyve millions OF
dollars: and by the still efficient administra-
ticn of President Grant the public credit referred
to the o1o existing values and debt, april lst 1sl1
has been further advanced within little more than
two years, making appreciation during this short
period as applicable the existing debt, of six
hundred and fifteen millions of dollars also showing
that the appreciation since of the last DEM
ocratc administration early in 1861. applicable to the
existing values and dcb is eight hundred and sixty
five millions of dollars.
5th Within the period from March 4, 1869, to
April 1st 1871 the appreciation of the National anu
National Bank currency was twelve iQ2) per cent.
making aggregate appreciation OF soo,ooo'ooo
which has accrued to the people in consequence oil
the advancement of the public credit by the Repubi
can policy.
9th Reduction of annual expenditures for the fis-
cal year ls69-7O as compared with the last year OF
Jobnsou's administration, $50, ,532 OF. As COM
,red with tr,e last year of Buchanans administra-
tIon upor .he basis, sc cents less per CAPITA
estimating the population 4Ooooooo, making an ah-
nual saving of S14,4oo,o0o.
7th The internal taxes and customs duties have,
since the close of the for the suppression Of the
rebellion, been reduced by the amount per "ni VI
s251, ,s4s ST .33.
sth The postal service has been extended and In
creased in efficiency, and its comparative e1pendi
lures materially reduced.
With such facts before our eyes, does
it not appear utterly contemplate to see
the Democratic press still harping upon
the pretended extravaganza and evil
practices of the Republican administra-
ton, while the same Democrats have to
hide their heads for shame at the out
rageous rascaly conduct Of their own ad-
| ministrations in the State and City OF
| New York, as we'll in every other State
that has fallen under similar bane
| And still such men dare to ask honest
c: tizens to come over and help them to
DESTROY an administration which has full
| filled all the good it has ever promised
and much more than could ever have
been expected Can it be possible, that
any sane, unprejudiced man can still
trust to the fattering promises of our
opponents which have ever proved the
contrary-destructiv in their execution
We cannot bring our mind to believe
it. The American people is IN Its ma
iority too enlightened to be thus again
nlisled and finally utterly ruined. 1t can
not be possible.