New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-09-29
MR., BOUT VEIL ON THE FINANCES.

NIX. BOtJ v LII YIN luE CANhNOEo'
CINCINNATI, Sept. sS.-Secretary Boutwell,
spoke before crowded audience this evening giving
clear history Of the finances Of the country After re-
view Of our financial history, he said:
The appreciation the value Of the currency, due to
tho Improvements OF tho public credit Is for the Denent
81 s S "ok p Se' s the public credit
10 the and to the extent specified has not been
alopetn the particulars referred TO- but ~
has enabled the Government TO carry out although to
limited YET the s OF sns sa tes Of
interest and the proceed applied TO the debt tnen OUT
Ss % was Followed
ber 1859 specific Of the SECRETARY OF
Of 90 Of eSn6S bearing interest at per cent
OcOOOO at the OF n per cent and 800 900 at
che s Rf seeoSSos wtS this
ION passed By the p, Senate e a IN sa s ss
receive the approval OF the President until the 18th Of
July 1870 tubs wa = the moment OF the o.
no efforts then made for placing the loan Mr.;
boutwell, rsrscs h S OF the i've
per cents, ADDING that the financial result to sne
es1e SoUas te SS yssrs to although
the probability that they win not be PAID in less than
to TSy ali Sonds bearing higher OF interest than
Sys Per cent Bat assuming that they sre 70 De psa IN
5Ss sSs HpOn q The saving
mulsng untn hs exrAtion OF s 1 H. yeSfS O
SssfsSt this sNs loss q interest three mouths
the rate OF Sen 1s per GAIN To the 1 Country C
a. S1sOO m; eSIate assunes that the new bonds
s pale sa .1Ss S be twice.
tss:s nesc5iatons are cOR9e tee the
WIN b opened for presenting to capitalists IN this coun
w snd Europe other PORTIONS OF the lodn' anu Win
The prospect Of complete success.
H1W ouR CREDIT WAS MAINTAINED.
Nor should b forgotten that all this Is due to the
purpose OF the Republican party to accept the debt as
the result OF III wal and without inquiry as to the
Consideration vhsA the Government received for the
hnnAa Tn Iook n 4 IA OBLIGATION
which the cou had assumed and faithfully to per
@ there been any Pss sn.d they mad 99@
Pd BY sss q SfsSss inpa as P sns
made impOcsib Il worthy Of notice that the inter
SiG E Os %
and 70 ez' q. throughout the world for o. the
ReSCabe O ~ us eS%%sreial points oStsids Of this
country thai Il SSonds Of any other Government This
Ss' SS 1as sas sT q republican
Of sS6 y aSS %Ss Sc
country was Inn srod AND while we are struSging TO
and large peEaens on account , OF the public debt
wa: S Ho S 70 ds%OnSrats oOnclusivey not
only the disgOasioA. but the ability, Of the country
ps If the pess asst merely for the PURPOSE Of dem.
opinion tst vcsy csnsidcfsble Payments ought to BE-
made the purpose Of reducing tine debt, relieving the
SsHsrStcns O. even through centuries and, shove s
iSt the purpO al pl.eing the nation IN such position
tost IN an e1ttncy large loans might be obtained at
home or abroi
FINANCIAL asrLas or GRANTS ADMINISTRATIONS
After GpeAl z, the difference between gold and
paper the reNAu or which he believes to be to wait
The growth Of n, Try until its demand for money
shah equal tAsEt olume Of paper, or TO reduce the
volume Ar. b rums up the financial result Of
Uoh urAhPS Adj ton thus:
That the pubic T. mas been 80 improved that six
VT cont bonds md for 30 cents IN CON- worth
i0Say about u at I've per cent bonds which in
cS i ~ sold e an rs per cent ara worth about
sns public debt paid. The taxes have been re-
sOca ~ Ne raj ssooo'Ooo year. and the financial
condition q TIN unmen 10 such - to Justify the en- |
MAJ tle H4xt session Of Congress they may
81 acea at kaeoe,OoO more. Further t2OO,OOo.O0o
= sst a. SslDs called In 'A and rate q sbs,s
iStsFs., - e. al smOunt Of bonds, bearing |
i Si sSf Sss N sSAa aDcas DSs
s do as of re az .Si
Va, Nv SSSsess 20 81 expenses resulting nom the
iSenE IH1s - 6SslsTs3 % for the year ending
shSsst , sni aSsSsI cost 81 the peace
DEMocxasao uuEuENoB on QUE CREDIT
"H Que y eniA q az, and 1t ls remark Of which
opponents esnnot 3altiy complain that the course Of
Denecfatsc rartS, b reference to the public debt has
substantially NJ saae effect that was produced By
eH8-sN ~ the b1DoLl0n. ", 81 the com. |
beIersssst Of en- 1Aculties In 1850 and 1851, the
clsFeS -, lesH q an organization had de- |
b DarSos. & - -, Mbelion, and announced lie |
4 H% H. "Sh xeA1 not have taksn place; or |
:ss ssS HS1t 81 nsssI: sSss hsy might
g csF:S RsSssSStsS s9s We; SnE r.
- - e. e. v: sSsTss t z sh a. s1sr
talnsd the % tAe country, who saS-
but tSSy - vn1eA. gaoh mea there WERE I 4
ruiz q d. 49, - Who did not accept, a. d.
S6stacies 70 ~ - q The yar. Of tie oef
been The doeassi =. Sk tne puzzle credit has
80 :s3s: q =; . ~.
Ss,s: lssssEs:4 Be- e t cent N!
sSS 3D. eS M - sls fsSseaSs does not clearly
Hssst1 IA 49, s'HI, Ia HteyeSls4 anveSt
~ A3s - s1sets hAye onB been overcome By