The Cecil Whig., 1871-09-30
THE CONTRAST.

The amount of debt, including accrued
interest and less cash in the Treasury, on
the first of March, 1869, near the COM
mencement of the Administration of Pres
ident Grant, was about twenty-five hundred
millions of dollars ($2, 525, 4G3, ,560.01.) On
the 1st of April, 1871, it was twenty-three
hundred and nine millions of dollars
SO, 300, 697, 59627.) The reduction of such
debt, during the two years and one month
which elapsed from March 1, 1869, to April
1, 1871, was two hundred and fifteen mil
lions of dollars ($215, 765, ,663.7 J reduc-
tion equivalent to eight millions six hun
dred and thirty thousand dollars ($S, $780,
62655) per month, or one hundred and
three millions and half per annum (S103,-
SGT, 51S.70.)
SAVING INTEREST.
The monthly charge for interest on the
public debt on the 1st of March, 1869, was
ten and half millions of dollars SO, 532,
462.50) On the 1st of April, 1871, it was
nine and half millions of dollars ($9, 527,-
212.67.) The reduction in the monthly
charge for interest is one million of dollars
($1, ,005, 249.e3,) and the reduction per
annum is, consequently, twelve millions of
dollars Q2,O62, ,997.96.)
This reduction of the public debt, and
consequent saving of annual interest, was,
by careful and economic administration,
effactad updor rovapuoc which bad baap
reduced as follows:
REDUCTION OF TAXES.
By act of July 13, 1866. $65, 900, 900 90
BY act of March 2, 1867, 10000, 900 90
BY act of February 8. 1868. $4,000, 900 90
By acts Of March 81 and
July 20, 1868, $4,000, 900 90
Total $4,000, 900 90
And the further reduction
by act of July IA, 1870, Of
internal taxes to the amt.
annually of, $50, 212, 900 90
And of customs duties, 23,G36, S27 33
Total reduction since 1865 251, ,S4S, s27 33
CONTRAST RECAPITULATED.
1st. In two years and one month, by
Republican economy, the national debt was
diminished $215, 765, 1858 "A.
I'd. In two years and seven months the
public debt of the city and county of New
York was, by Democratic extravaganza,
increased S63, ,O2s, ACT Il.
Sd. In two years and one month, by the
Republican policy, the annual outlay for
interest was reduced sic, ,O62, ,997 SO.
4th. In two years and seven months, by
the Democratic policy, the annual outlay
for interest in a single city was increased
more than 81, 100000.
5th. In putting down the most formida-
ble rebellion known to history, continuing
nearly five years, in which time more than
two millions Of men were engaged, the
Republican party contracted a public debt
scarcely exceeding $65 per capita.
9th. In simply administering the civil
affairs of single city for the period of two
years and seven months, the Democratic
party contracted a public debt exceeding
$63 per capita.
The following table, copied from the
New York York Times of July 80, 1871,
shows the character of some of the Demo-
cratic expenditures:
BILLS PAID By DEMOCRATIC OFFICIALS.
Ingersoll s. Co.
For furniture to Co. courts 81, 479, 1868 II
For carpenter and cabinet
work to county courts 1850, AGO 65
For carpets, shades, and
curtains to county courts 673, ,752 40
For iron railing, cases, stairs
&C., to county courts 63,2O1 16
For repairs and alterations
to county courts 747,965 40