The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1871-09-21
THE CONTRAST.

The Republican Central Committee,
Mt Washington, has put in circulation
statistical comparison between the
financial management of National affairs
under Republican administration and
that of New York under Democratic
management, that is anything but a
voucher for the reform" and "econo-
N.Y. which the latter party is constantly
begging the dear people to give it, by
their votes, the power to inaugurate.
The answer that this comparison is &c
pnrtC, and not reliable, will not do. 1t
is compiled from official reports, and the
figures, which only need be seen to be
appreciated, do not and cannot lie.
The paper referred to commences by
making an exhibit, according to the
official monthly returns, of the condi.
ton OF the public debt March LIST, 1869,
and April lst, 1871, showing Il reduction
during the Intervening two years and
one month, as follows:
Reduction of principal. S2l4 294 406 %
Reduction principal and
accrued iuterest............ 20G, 9Sl ,506.7 ~
Reduction Of principal and
accrued interest, less
cash in Ireasury........... 2l0, 16J ,663. "A
The monthly interest charge is next
shown to be Sl,005, 249 So, or twelve
millions annually, less at the later date
than at the earlier; and all this is shown
to have been effected under revenues
that had been lessened by numerous acts
of Congress making immense aggregate
reduction Of taxation. These figures it
is not necessary to follow out. The gen.
eral course of the National financial adj
ADMINISTRATION is well known, and this
only gives the exact amount of each
item in dollars and cents, as it next pro-
ceeds to do, drawn as before from official
reports, in the case of the municipal
government of New York City, where
the Democracy have had full sway.
After making the latter showing, the
respective results are contrasted as fol.
the lesson more forcible?
lst. In two years and one month, by
Republican economy, the national debt
was diminished S2l5, 765. 663.74.
ID In two years and seven months
the public debt of the city and county of
New York was, by Democratic extrava-
gance, increased 500, OPS, 427.1.
Sd. In two years and one month, by
the Republican policy, the annual outlay
for interest was reduced So, O62, 997.96.
4.h. In two years and seven months,
by the Democratic policy, the annual
outlay for interest in single city was
increased more than S4, 100000.
9Th. In putting down the most for.
midable 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 ex-
ceeding S65 per capita.
9Th. In simply administering the
civil affairs of a single city for the period
of two years and seven months, the
Democratic party contracted pubic
debt exceeding S63 per capita.
After this, and lest it should be OBJ
jected that Democratic management in
New York be exceptional, chapter is
given upon kentucky financiering, and
one might be added upon the last two
years financial record Of Indiana and
California. Look where you will, the
yociferation OF its own merit is the only
trace YOU can find of the Democratic
partv rs an economist or reformer.