Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1872-09-25
PUBLIC EXPENDITURES.

turning 10 another branch of tl
n subject, [ find by an examination
,, the report Of the Secretary of ii
Il Treasury, that the current expens,
l. of the Government for the fiscal yes
s ending June 80, 1872, were S99. SD. 3s
! less than for the fiscal year endin
e June 80, 1865. L find by calculation
J, also, that, after taking out expense
I which are the necessary Outgrowth {
the war, (such as pensions, interest
o etc. the actual cost CT carrying Of
e this Government now, is less, in pro
, portion to our population, than it wa
] before the war in the time of Jane
: Buchanan. When you consider tn
changed condition of things and tn
) increase of prices this is an achieve
ment 70 be proud of.
PUBLIC DEBT.
Notwithstanding the vast reduction
Of revenue and taxation, and the fac
that Grant and the Republican party
have lifted an annual burden Of ovei
$3.50, ,000, 900 from the shoulders of the
people, he has gone on steadily re-
ducing the public debt. When he
came into power, the National debt
was S2,525, ,463, ,26O. On the first OF
July last, it was g, 191 ,4S6, ,343. Here
is reduction in three years and four
months of $685., ,9T6, ,9I7. Since then /
believe he has paid off about SI3, ,OOO,-
900 more. 1t is at the rate Of over
eight millions a month at the rate
of over S27S, 900 per day; at the rate
OF over S11, ZOO per hour. TAp-
plause.l
THE PuRITC REvEN-rrr rroD-rsrr u,
COLLECTED.
Now, before leaving this subject, 1
want to state and prove another
thing. President Grant has collected
the public revenue more efficiently,
and at a less cost for collection, than
any other President since the nation
was founded. Lest you be incredu-
lOus upon this point, let me give you
a few facts, for in this debate, facts
and figures are the strongest argu-
ments. During the forty-four months
Of JOhnsOn's administration, the rev.
enue derived from tobacco in the
State of Virginia was about one mil
lion five hundred thousand dollars
or at the rate of S34, 900 per month";
During the first thirty-nine months
of Grants administration, the reve-
nue. collected from the same source
was thirteen millions of dollars, or at
the rate of SS33, 900 per month. The |
total revenue derived from distilled |
spirits during the last three years of |
johnson was S93, As, ,054. During the |
first three years of Grant, it was Sl51,
935, ,6lS, an increase of siXty-four per /
cent. A similar increase will be |
flNNnWN Il r4NN IL
Since Grant came into power, he has
collected under the same law, upon
the same articles, in the same terrific
ry. over Sl12, 900, 900 of revenue more
than was collected by johnson in the
same time This gain in favor of
Grant is ehargeable solely to the
superior efficiency and honesty of his
and that of his subordi-
nate officers.
Senator Trumbull in his speech at
Columbus a few evenings ago, made
by which he designed to
cave the impression that under Grant
of the entire public reve-
Tue of this country was lost to the {
He did not say exactly |
low. but left it to be inferred that It
vas by defalcations, the salaries of
officials and stealing. / wrote at once
o Hon. Edward Mcpherson, Clerk
# the House of Representatives, to
inquire of the Secretary Of the Treas.
Try, first, what it costs so collect the
Internal revenue and the duties upon
IMPORTS, and second, the amount of !
under Grant. / have re-
eived an answer. From it I learn !
hat the cost of collecting duties on {
IMPORTS in 1860, when Buchanan was
was st per cent. on the !
mount collected. The cost in 1858.
nder johnson, was 4.6S per cent. on
he amount collected, and the cost of {
duties in 1862, under Grant,
Tas 3-2l per cent. You see that
rant is collecting the duties upon
nports at per cent. of cost of only
ne-half what it was in Buchanan's '
me. There was no internal revenue I
! 1860. But coming down to 1868, I
nd that it cost 4.57 per cent. to make :
elections. In 1872, under Grant, it .
,st 4.01 per cent. y
The same letter makes a statement |.
the defalcations since Grant was o
quote the following: =
The total cash balance due June y
lth, 1872, from Collectors of Internal .,
evenue then oCt of Office is So, ,2l6,- -
j 10, as follows: u
dent Lincoln. ssls.ssas5 s5ls.sslO4. sa -
)pOinted by Pres u
dent Johnson s725Ss.S8 I.7ls,s44.4s. ii
0pointed by Pres m
dent Grant...-....-. 71sH.lO IsI II5s.I4. ~ ~
''Total amount of collections, ST. m
Q, ,1S4. .626.26, and the total defalca- al
ms, 81 ASS, ,634. .6l-whieh is fourteen th
n thOusandths (.0O14 per cent. Of re
e collections. ze
1.-The per cent. of defalcations of til
pOintees under Grant is three ten en-
(.0003) the collections be- -
9 S526, 739, 754.01. The defaleations dc
Collectors of Customs are merely tn
in
This statement of the Secretary of stl
e Treasury most effectually settles VI
e question whether the present bo
lministIation is efficient or not in So
3 collection and disbursement of 20,
2 public moneys. co
There is not a business man or q il,
siness firm in America that has re-
lducted its collections with so small wi
,er cent. of loss as has the President TG
the United States. When YOU con-
er the immense number Of agents ny
d collectors appointed, scattered as We
" are all over the land-and re- orr
mber that in a little over three sol
iTs there have been collected over th,
'enteen hundred millions Of money III,
] that only fourteen ten-thou- las
ldths per cent. of that sum has we
n lost by dishonesty or ineapacity kn
ou cannot but regard the success va
the Government in this respect as pri
st remarkable. yOl
low let me recapitulate, or
he annual burden of taxation is pri
I, 900 900 less than when Grant ott
) inaugurated. The annual ex- are
lditures of Government have been des
ueed over S99, 900. GOO. The public ize
It has been lessened S348, IA, ,239.- tho
2 annual interest charge has been Ger
uced over S23, 900, 900. The public ore
enues have been more efficiently of
honestly collected, and at less obt
cent. of cost for collection. to
ne effect Of this is an improve the
ut of the public credit. Five I'D
nty bonds, worth seventy one upS
a quarter cents in gold in 1858, roo
now worth in the same market tur
hundred cents in gold. Gov
BILITY IN TRADE AND BUSINESS. a tC
mother more important result has 70
leaSneu. we Iave aV1lueI All is /
,ility in matters If trade and bus ar
:. me EAiue h' @ VI .n!s eon ol tine
~ CduuOl Oe OheISlaleu OF over and