New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-08-30

and scrutiny II challenges the most rigid Application OF
And first let us apply the most papabe of all tests
the expenditures u the GOyernment-the natona eA-
l. constructed. Have they been wisely ncurredt Are
they honestly paid And above all are they ihcfeasins
or dminishngi Since the heaviest OF the war bs were
paid constant and heavy reduction 81 va
been taking place The total amount Of this reduction
than sSOOOO since June 80 1868 Lhat n; We now
annually expend so5OoOo less than we u" '"ioe ''"s
An analysis OF present expenditures VIII show whios
are the heavy items, and will exhibit the limits }3no
when the wore Oh Ipendttupes il now s291 o Much
the larger portion OF this sum IL pald lor OBJ ~
atod by tie These extraordinary lt3ms iot va
fiscal year lust closed stated IN round numbers saho
thus: 40. so9 600
Expenses Of national loan '.''''"''''-'''' ,,5oC.
E P,rOs. Of cIre1.es Of late raf......... lOSo0O
Expenses Internal Revenue DepartHe-i''.''''' 700"
To'I H.: cse can he iyicd without lis
honor neglect. This amount taken from Ia.
total expenditures leaves for the ordinary expense. -
the wear about slOGOJOOO II must be remembered that
this includes the whole expense OF our present army
and navy which, though reduced 10 tue smae't iorc'
consistent with The necessities Of the country, are never
theless larger in consequence VI the Disturbances result
ing from the war NIen W. retofI cn %y T KID M,
39OOoOOO OF people, not IN gold ana silver Ior Sls1o
Stored stored to peace Of much
economy than at any period since the war Ih exhibit
wholly unlike that OF Tlmmauy Hal pervades the al.
mnistraton Of national affair.
DEMOCRATIC DOCTRINES OF FINANCE.
The most remarkable feature OF Democratic ruance Ia
that clause the platform which Gen Ew!r- calls The
Financial New Departure" aud which he seems to -
gard discovery of great value justice 10 us "uthof
should have led the Convention 10 inform their followers
that this plan is borrowed hough bUng!ed m the boz
rowing from that ingenious nLaneler Ny. BIZ Butter,
who proclaimed il, IN speech IN Congress several
called the barDar!-m of gold and s.Ner - cFcu.ft
Ing medium. Tae new Plan p.gp.,g,. MI TO Issue ,
issue per cent bond which people uaD TAX. 10 *.
change for their gIeeubackS. me tWo t.e' " p.Pr
no fntTh ~ hack
from one 10 tie other AZ III rlrs,ure Tho feature
has strongly approved h. the brokers 81 New-f]rk
City, who viii he glad 20 have tie GOV runcnt pay NJ
terest on their capital when tAey cannot 4emseIye,
portant aspects First H. r. atoms 10 The public debs
and the Treasury and. second 10 the currency and -
relation TO the industry and commercial Interests ot ne
people. So far II relates 10 the Government AMI rs
creditors, II Is simple proposition 10 prde nal we
interest OF the public debt altogether, and 10 pay We
other half in currency greatly more depr.cl1t"h Lah
any now have. venture Ia suggest to these -en''
men that the cost OF printing ald engraving the HtW
bonds, and the expense and trouble OF rAeLabEihs I
for the old be avoided by the passage oi 'ml ACT
10 the following effect; u,..,.,
" he Il na'e g. That The Trr 'a'sT %i ,a Car, S',
the outstanding obligations Of tbe Ia.ol STATE Aug.n a.
be exchanged par for geenoacs Tbs act fl ast el'
states s't to the CONTRARY ro,wi,h.taaing
Tas would certainly accomplish the object Of the new
doctrine. and it Is as easily understood 10 any other
| form OF robbery
THE NEW DEMOCRATIC CrRSFSCY.
The effect Of this scheme rhe currency would b. "a
disastrous the business OF the coIntfy a. IL dshoh
e,ty would be to the and credit OF the nation
Gen Ewing thinks that 10 effect ne conversion Of the
! honda and "a meet the wants OF trade l5ocaVo OF
greenbacks will be- sufficient AT mr.. oi, NJ 5 lit
and phianthropc nature WIZ Ap y" 80, '' ,Ic rm1aai
email measure OF blessing, ana so % meet w i hs
OF interest not exploited away ny tlr onun - I'm.
Will emit an addltiolsi 20 Interest aus psu calls
make the printing press pay q "a. ,,'Iry xaeu A
10 mind the mad DAYS .. CoI,!nD1.Sat @ lnet sDo
YOU think gentlemen. Will consent 10 osu ~ , ~
stituents with taxes when We c~1s'ud 10 tHe lrf
a III ak ar &
1or the Whole" CEN Ewing mas quit eclipsed ne VII
! dom Of that member OF au cary Ne~-EncIant Le.,s
! renses of the state out of rho Ipasury. -,
But the Generals phiapihropy docs NOT 'o, vi" Sic
says But we told That the legal tenders S.l o.
dcot outstanding when 81. tha p"nls are PaI ,l ~,
he uo dvDf IN any proper sense Df the word oi, 80
n, the Government sitl keep them IN circulation WI VIII
", ,nno, increase sufficient - furnish the people WIN
nn d hen down interest ana thus The curse OF the
debt will turn to blessing II requires - me-, - al,
rJ,,sry ror, pe 10 riin such tit, not OnN agaL'. ~
the settled ma Nms ~ p,ltict vc"u1hy ous ,Ie.
the multiplication Sa0le itasi -, rsN'S rdnrs lie
n ~ nterest Botn hiOry and ecou9nca. science
are against him. IL every country wills : n f,gbsr
than m specie-pay countries. The riIe uoo uo s
as the immediate consequence OF the tus.iS. s6ics
of currency. but because OF ne gita'"t sA 70 " md
the Lender Is eNTosed 5ecount OF the disturbance anu
uncertainty OF values caused 10y the IL ife"so' ,s
Almost IN the exact Yigion of our retdrn 10 speco
ues We have seen the Pate of interest conn uoHi 80
we now the Government rounding ~ q, nt ~ nsei
cont Becaus, connde Is returning 10 business ptD
| are coming down toward their old level Cen L"Lf
! wholly ignores thg distinction oSMeen IiptA ~
| money lie seems " think that should thy tieas.}
print tun o greenoaoks the peopewI have that Sl.
additional capital ~ teud. But thB people can OILY -
this tun of paper by buying Il aud paying Tor H. ah ~
purchase viii neither Increase tOeir capital nor 10
power to lend No principle j. better settled thaG l~S
that the Of iutaes depends not upon the aeiht
currency in cir, Walton, but upos the security OF
inv of iIyestmeuts the demand for loans, and ;le sp
| ply OF surplus capital which .ae owners are Wiling
! lend. -, -, Ia. not
Cen Ewing also complains that the county has ~ ~,
curr, ucy enough for 10, business. answer III % M
fact that of the 100000 OF National Bank eute'i
fered 10 the people by the Act OF July ieth esN VI
$40 100 Ol hay. been calle6 for That Tact mas
and slenced all the inlatOnlsts except ten eN.hs
during tho last session do not know OF ORe pV'''
Congress for an increase OF the currency; A.. ,a.,o,
n Is dalusiop and snare 20 suppose shat mlituon
viii bepeit The business OF tho counry since inc iu
aurration of Gen Giant tho PURCHASING pONel -, n.
cuTreuoy has Increased u per cent IN capss
enhanced value Tie s70O0s.0o oi - IN god
heId nv the people Is worth slOsnVOo hiot !" 81
than IL was In March. 1852 We have been sewS IN
ny onr WAY back 10 solid values ahu 20 tln so,y "a
dmstrI.s of peace The Democracy OF ONO liVpS an
push us out again upon the sea oi p1%, ever Omr
hn.c w,yo, ", must more Wildly tuan st'i ~
money Is no Osger 10 DO tho money VI Tue "V% A"VNo