Wyandot County Republican. [volume] (Upper Sandusky, Ohio) 1869-1903, 1871-10-05

dred millions of taxes in the six years
since the war was over, and we have
paid two hundred millions ofthe ma
tional debt. What have you done
with the balancer Now this is fair
question, but Mr.. Pendleton conld
have easily answered itifhe had look
ed at McCullochs and Boutwelrs re-
ports. He would have found that the
liquidated debt reached two thousands
seven hundred and eighty millions in
1S66-it is now only two thousand
two hundred and seventy-two mil
lions. There is five hundred and
eight millions accounted for. We
have, besides. paid off the floating or
uniiquidated debt of the war, consis-
ting of back pay and bounties to SOL
diers. balances to States, to contrac-
tors for supplies, and on 4 multitude
of claims arising from the war, amoun-
ting, according to careful statements,
to eight hundred and twelve millions
Morgan, Pendleton and Thad. Stew
ems said at the close of the war, that
they would amount to two thousand
millions, but we settled them all with
eight hundred and twelve millions.
Then we paid in pensions to our sol
dicrs, their widows and orphans thir-
million of dollars, or for six years
one hundred and eighty millions.
Then there was the interest OF the
debt, averaging one hundred and thir
ty millions per year for six years
amounting to seven hundred and
eighty millions. These items Mr.
Pendleton was not kind enough to
mention; vet they amount to two
thousand and eighty millions, leaving
seven hundred and twenty millions to
pay the expenses of the government
for six yeare. Not considering that
the most of this is in deprecated pa
per money, it is at less cost per in
habitant than the feeble, imbecile,
treacherous, pro slavery, Democratic
administration of James Buchanan.
"And Mr.. Pendleton puts another
conumdrum If the same rate of tax
alton was continued, how long would
it take to pay the national debt ?
Well, it would take about ten years
under the present economical Repub-
lican administration. Ten years
would pay every dollar, but we don't
propose to continue such taxation.
We have already repealed taxes that
yielded two hundred and twenty eight
millions per annum, and propose next
year to repeal fifty millions more, and
yet will pay every dollar of the debt
in thirty years. We have paid the
mass of floating debt; we have large
ly diminished the rate of interest ON
the balance; we have reduced the tax
es; we have raised the national cred.
it higher than before the war; we are
restoring our currency to q specie
standard, and have exhibited finan-
cial success as wonderful as your mil
itary success.
"If-such Democrats as Mr.. Pendle-
ton and General Ewing come in pow
er, they will reverse all this they will
derange our courrency, make new
floating debt by allowing rebel claims
they VIII pay for slaves emanicipated
by our war; add the rebel pensionists
to our own, and set US adrift toward
national bankruptcy and repudiation.
But Mr.. Pendleton insist that we are
now in most wretched condition.
With unbounded prosperity around
him. he seems to be still troubled with
the fogs of Newfoundland. Well, 1
have passed through them, and felt as
he did; but it is strange that they still
cling to him in the sunshine OF our
prosperity"
Mr.. Sherman then continued on the
political and financial condition, com
pairing it with what it was before the
war He read from the Cincinnati
! Comm aercidl, of the same date of Pen
dleton's speech, the money article
showing that the volume of courrency
was large, rates of discount were from
seven to nine per cent, with little
paper money easy. All this, with
palpable facts all around US, evinced
degree of prosperity without an ex
ample after great war.