The Tiffin tribune. (Tiffin, Ohio) 1868-1887, 1871-08-17

The Union Republican COMMITTEES
of Congress publishes the following
careful review of the financial meas
ures and policy of the Republican
Congress and Administration, COM
mencing with the period when the
Executive and Legislative Depart
ments of the Government were
brought into harmonious relations by
the Inauguration Of President Grant.
The statements have been drawn from
authentic sources, aud the computa-
tiOns obtained by the most approved
methods and thorough research, and
are believed to be entirely Trustworthy
Ali the subjects treated are of para
mount interest to the people; and the
facts and the results are submitted,
with an earnest desire that they be
carefully studied and serutinized, for
the purpose of reaching an accurate
Judgment as to both the faithfulness
and the wisdom of those in charge of
national affairs. Every branch of the
public service Is so intimately and
insepaTably connected with the great
subjects of finance and taxation, that
administrations and parties must, for
the present, be judged by the wisdom
and fidelity displayed in providing
and applying the means for the
maintenance of the Government and
the discharge of its obligations.
The steady appreciation of popular
1 confidence and national credit, since
| the accession of the Republican party
| to power in 1861, notwithstanding the
/ disturbances Incident to q gigantic
war and the factious opposition of one
of the great political parties which
| peTvade the country, affords the most
indubitable evidence of the wisdom,
fidelity, and efficiency of Republican
statesmen-eYidence which has both
satisfied the people of the United
States and carried conviction to even
unwilling financiers and hostile in
terests in other nations. 1t remains
for the people to say, whether the men
and measures which have produced
such beneficent results are lightly to
be exchanged for the denomination
which promises nothing but practical
repudistion Ofthe national obligations
and blind worship of the memories of
a thrice defeated political party.
REDUCTION OF THE NATIONAL DEBT.
The amount of debt, including
accrued interest and less cash in the
Treasury, on the 1st of March, 1859,
near the commencement of the ad-
ministratiOn of President Grant, was
about g, 525, ,463, ,260 OF. On the lst of /
April, 1871, it was S2,3O9, ,697, ,596 q.
The reduction of such debt, during the
two years ana one month which
elapsed from March ], 1869, to April !,
1871, was S215, 765, ,663 IA reduction
equivalent 10 s., $50, ,G26 SIS per month,
or SI03, ,567, SIS 90 per annum. See
following table for reduction of debt
and saving of interest
PUBLIC DEBT.
(AccOrding to the official monthly re-
tuTns.)
Debt outstand- Mar, 1. 1888 Ap.I, 1871.
Principai. s. 6Oa,9s .ssi II s2.a82, ,7OO,277 50
Unclaimed ac-
crued Interest s4,O6s,s55 6s A,s76,sC5 Is
ipai and int. s2,sn, ,O5s,Oi9 II s2,4si.G6eis %
Ant. Of cash In TIE Treasury
Coin belonging
to GOvernn't S69,965,700 Y 60,43 340O4
Coin for which
certificates of
deposit are
cSTTsasR 0g,s5sRdins 55S isS5S 81 @ 52: g g
Total.......-.. ll5.59i,7s3 10 sI24, ,Ol6 7s
Amt. of public
debt, includ-
ing unclaim-
ed accrued in
terest, and less
the amOuntOf
cash in Treas
ury..-.s2,52j s, 81, As, ,3GOOI S2,3J9, ,6g7, $50 q |
Amount Of reduction Of The Public Debt during I
The ftUO gears aud one mOhfh from MdIleh l, |
1899, % AprH !, lS7I.
Reduction of principal ,li IO6 p
Reduction Of principal and ac-
crued interest..... .... asi, ,gSl 40j ~ /
Reduction of principal and ac-
crued int. less cash in Treasury 2l5, ,765,G ,GJ8 a |