Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1872-10-21
OUR NATIONAL FINANCES.

of the opposition against the reelection
of President Grant. and perhaps the
most effective one among the ignorant
masses, is the alleged extravaganza and
wastefulness of the present administra-
ton Day after day these charges are
| iterated and reiterated with pertinaci-
ty and energy which are perfectly won-
derful when we consider that not Lib
eral Republican orator or editor dare
place his hand upon his heart and DELHI
erately say, '.These things are true
Few men, even among the we'll informed,
are thoroughly an fat with the fnan-
cial affairs of the government, and con-
sequently are unable to judge from pos
tive knowledge of the truth or falsehood
of allegations which have figures for
their basis. 1t is the knowledge of this
fact which has made the opposition seize
upon this particular accusation as their
most effective weapon. and which has
impelled them to such recklessness in
its use.
There are certain falsehoods-
this is one of them-that from constant
repetition come to look almost like truth,
and, in course of time, with those who
are too INDECENT to reason or investigate,
| 10 L., al, IL -
requiring at least for their refutation
something more than common or gener-
al denial. The charge of extravaganza
against the administration of President
Grant is absurd enough to those who
have opportunities of knowing the truth,
but there are those to whom these op-
portunities have been denied, and who
yet waver in the balance of opinion.
. To set, at this important crisis, the mat
ter before the people in its proper aspect,
and to show how utterly false and un-
founded these accusations are, a card
signed by sixty of the wealthiest bust
: ness men and firms of the city of New
= York, has just been published, contain
Il ing plain statement of facts, which it
) behooves every man to take an interest
i in the welfare of the nation, and who
} intends to vote at the coming election,
to read, and thoroughly digest.
l, This card we may state by way Of
e, preface. bears among its signers such
n names as Phelps, Dodge & Co., Moses
a Taylor. VIM. H. Aspinwall, Johnathar
Is Sturges, Harper & Brothers, William
IS Cullen Bryant, G. L. Tiffany, E. D
Morgan & Co., George Opdyke & Co.
a. HI. B. Clafflin & Co., Drexel, Morgan &
lg Co., VIM. H. Vanderbilt, Henry Clew.
We & Co., William & Guion, etc. Thes,
of are the names of men to be believed
he men who, by the very nature of thei
ed business, are careful of what they sign
n and no note of hand, no oath or bone
as given in common business matters cal
be considered half as sacred as the doc
Of ument to which their signatures are ap
Il pended, and which effects the wealth
on the standing and the good name of tn
IA nation.
on rfrO UvnInOtfcUIrtc.Ivt On
ICE first term of office, March 4. 1869. III
Id debt was 50 525, 100000. On the frs
Oh day of September, of the present yeal
he there had been paid and cancelled of tn
principal of this debt s34S, 900, OoC
&C. leaving balance of principal re
TO naming unpaid at that date, in accord
or ance with the official statement of tn
in Secretary of the Treasury, the sum @
of s2,177,OO0,000. Of this amount ST
on TT, 600, 900 are represented in
od funded debt. bearing interest in gold
=. while 100000, 900 remain unfunned j,
b treasury circulation. Up to the close o
. the last session of Congress the annua
i reduction of taxes as measured by tn
rates of 1869, had been as follows
Internal revenue tax, So, OOO, OOt
4 Income tax (repealedD 3O,OOO,OO(
~ Duties on imposts $4,000. OO(
a Making total reduction of $40. OOO. OOC
5; The reduction of the yearly interest o
or the public debt exceeds the sum of S23.
X. 100000, of which S2l, 743, 900 are sayet
s, by the purchase and cancellation of tn,
BIS six per cent public securities. Will
2 these facts before them, to what othe
ID conclusion could they come than the ON,
Dr. with which the document is closed. "a
careful consideration. say they, ..of tn,
It. results OF prudent and faithful admin
&c lstratlon of the national treasury, in
D. duces the undersi gned to express tn,
a confident belief that the general welfare
,e of the country, the interests of its com
is merce and trade, and the consequential
W stability of its public securities, would
ne be best promoted by the reelection Of
er Gen. Grant to the Office of President Of
W the United States. And with this ties.
h tlmony before them to what other con
n. clusion can our readers come ?-Bosfoa
. Globe.
y | CONN q n