Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1872-03-15
The Buchanan, Johnson and Grant
Administrations.

THE contest in New Hampshire has
served a good purpose in bringing to
light the real nature of the present Ad-
ministration, as compared with previous
Administrations. The Chief of the War
rant Division of the Treasury Depart
ment has made out an elaborate state
ment, showing the expenditures of Bu-
chanan's Administration, in excess of its
receipts. They were as follows For the
fiscal year 1858, $27, 529, 904.43 1859,
S15, ,5S4, 511. 10 1860, $7,065, 900 j6; 1851,
to the close of the Administration in
March, S10,0j4, 6j4 80 making total of
$50, 235, 100 6S extrevagantly expended in
excess of income, in time of profound
peace. Not only did the Buchanan Ad-
ministration bring upon us four years
war, but it greatly deprecated the ma
tional credit The loans rendered neces-
sary by the excess of expenditures over
income were negotiated at very heavy
discount
But this is not all The Administra-
ton of Buchanan robbed the National
Treasury of its funds, including the In
dian trust fund bonds, and by its extrav-
agant and corrupt expenditures left
debt of $64, S42 2S7 So, to pay which the
people of the country have been and are
now being taxed. The present Admins
tration has reduced taxation, as shown
by official statements, "$195, $50, ,069 SO,
and proposes during the present wear to
make a further reduction of $50, 0O0, 600
1t has reduced the annual expenditures of
the Government $S5, 1853, 0966t. 1t has
paid and Cancelled $2S7, 24S, 310.51 of the
public debt, and reduced the annual m
terest thereon St7, sos, ,S24 AZ, and raised
the credit of United States bonds from
less than S231 cents on the dollar to above
par, by which their value has been en-
HANGED to the extent of 1888, or, All 30"
The johnson Administration made n
still more dishonest record than that of
Buchanan. Since President Grant was
inaugurated, taxes, internal and impost,
have been reduced in round numbers, to
the amount of $195, ,000,06 Not
whhstanding the high taxes of that Pc
riod, we had no debt reduction state
ments, such as Mr.. Boutwell, issues every
month. The annual payment of pensions
to widows and orphans of soldiers is f10,-
coo, 900 more now than it was then The
explanation is found in the fact that the
yearly expenditures of the Administrator
now are nearly one hundred million dol
lars less than they were under the John
son regime. There were leaks in the col
ditures The two are sure to go together.
An Administration which would tolerate
fraud at one end of the line, would at the
other. The present Administration being
thorough in the collection of revenue,
and frugal in its outlay, has, during pc
riod of thirty-tlye months, reduced the
national debt of the United States $685.
25S, 3l0.5l, and the annual interest here
after to be saved to the tax payers by this
reduction figures up 81, sos, 834 As. At
the close of the Administration of An
drew Johnson, United States bond for
Sl00 was worth in gold $S2. To-day
the same bond cannot be purchased for
less than $l0l in gold There has been
a corresponding appreciation of currency.
The people have been benefited quite as
much as the Government by the reforms
introduced in the management of our ma
tional revenue affairs.