Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1872-08-22

NASHVILLE ID
. Nov the amount of the debt as publish
8 ed by Mr.. Boutwell,, in bis finance repoI
for 1871. is a correc; transcript Of the Reg
\ | ister's books. or it is not. If it be correcl
{ | then the books have been altered sine
/. 1870. and these false entries substituted
Ifitjs not correct transcript from tn
records then he has published false state
ment of the public accounts.
FALSE ENTRIES IN THE PUBLIC ACCOUNT
On page IL, Finance Report, 1871, there
| Is tabular statement showing the receipts
and expenditures on account Of the publ,
debt from 1885 to 1871 inclusive, and the
principal of the debt at the close of the fis.
cal years respectively.
In the expenditure column there is an
item (the last one in the column) of So
274.O5l 80, and which is referred to in q
note in the margin IS "being differs noes
between the loan accounts as shown by
the receipts and expenditures and the pub
lie debt statement from 1897 TO 1871, await
ing action Of Congress before the proper en-
tries can be made to correct the differences,
which are all in the receipts and expendi-
! tllres."
If this explanatory note explains any
| thing 1t is that it requires an act of Congress
to enable the Treasury Department to show
how it has expended the public: money.
| The note should have stated that in balanc-
| ing the account, there was found no way
fer accounting for over three millions of
money that was missing, and this item was
fabricated to balance the books. This is
the fact in the case, as we are prepared TO
prove by the clerks in the Secretary's Office,
who made up the statement for the Secre-
tary.
WHAT THIS SORT OF FINANCIAL NAM
MENT RESULTS IN.
The cost of the last three years of Dem
ocratic administration was as follows (see
Finance Report, 1871, page 800:
1851. ......... $S3, 678, 642 80
iS5s-to'..... 71,055,016 IS
Ieoe-I S5,S 1868 OS
Total for three years. .S246, 12i ,0e1 65
The cost of three years of Republican
Administration was as follows, (see Finance
Report, same volume and page):
s69[0"-................ 500, 9O7 ,s42 SO
lelo-l Cyl ,6S0, 60S 80
lS7l-2 tRegister's Ledger. 5,27O q
Total (Repubiican) for three yrs on ,ll3s71 80
Total (Democratic) for three yrs 246,121, Osl Go
Difference ...................S 81 $50 ss2, $3.50 "a
For the same period the net ordinary ex-
penses of the Government were as follows:
1885, Finance Report, 1871, page
ls59-6O( Finance Report, 1871, page
18SO-61 CFinance Report, ISL, page ''''1 %
.G)................... 1851 POI 81
Total (Democratic) cost for yrs slss.S74 $50 90
iS69.lo (Finance Report, 1871, page
ls7O.ii Finance Report, ISL, page ~ "
1alE2 jFrcm Registers Ledger. i5s 9oi, SIS is
Total (Republcan) cost for yrs ss75, ,lsO 90
This statement excludes all payments of
principal and interest on the public debt,
and includes only the net ordinary expenses
of the Government.
Three years under Grant ~ SAFE, DOT 100 90
Three years under Buchanan go 1888 S74,6 $50 90
DlHoheHce.".'. .ss.ss SZco,S0Z,JOl W
While it is true that in some instances
the legitimate expenses have increased, as
in the case of pensions and the Freedmen's
Bureau, if is also true thai there was large
amount of revenue, of which no mention
is made, to compensate the increased cost.
Where are the ships, gun-boats, naval stores,
arms, war material, quartermasters' and
commissary stores which the government
had when Gen. Grant came into power,
and now has not? Where is the account of
the proceeds of the sale of captured and
abandoned property? Again. there has
been received from customs during the last
three years over 1925, 100000 of gold, more
than the gold disbursements, which aver
aged over Is per cent premium, amounting
to over S39,000,000 Of revenue, of which
there is no account.
With the exception of the interest on the
public debt and our foreign intercourse, the
government expenditures are all paid in
currency.
The gold receipts from customs were as
follows:
ls69-7O (Finance Report, 1870,
page 3)................... Ssh ,5SS,JI4 "A
lSl0-E1 Finance Report, 1871,
page 5l.:....... 2O6,ziO,4 US 20
lS7l-72 ESTIMATED same as previous
year)-....'---. ......'...-.-..ss. zoo,ztO4ee 10
Total gold receipts 1907 90, 1870 81
The gold expenditures for the same pc
Rod were as follows:
ls69-7O, interest on public debt Sl2S ,235 49S 90
lS6e-7O, foreign intercourse. 1,49O776 Is
Total. $50 1924 %
1s7O-Il, interest on public debit. 125,5I6,5 90
lS70-1l, foreign Intercourse. 1904 ,573 81
Total .sI27 ,ISO, 939 81
lS!1-I2, estimated same As pre-
viOus year. 81, 939 81
Total gold expenses Tor three years 1856 SS 1853 81
(See Finance Report, 1870, page
), and Finance Report, 1871,
pages and 1S).
Total gold receipts in three years COZ ,O79 100 81
Total gold expenditure in three
years ACKNOWLEDGEMENTS. 3S5,OS7 ,153 IS
Excess of receipts over expendi-
lures .s22l, 1892, O36 GO
Avarona nrayui,,D, "a mar rant aoual 70