New national era. [volume] (Washington, D.C.) 1870-1874, 1872-08-22

gate amount of s13s, OO0, 900 per year, ans
yet, notwithstanding this reduction OF taxes,
| Grants administration paid into the Treas
ury the last year ss4, 1874 ,049.74 more than in
| the last year of Johnson's administration.
Johnson's administration paid of the public
| debt in his four years sl3, OOO, 900; Grants
paid, up to July 1, 1872, 1888 ,e76, 9l6, SO; be-
ing nearly the thirteenth part of the entire
| public debt in three years! Grant found our
| faith so tarnished by threats of Democratic
reputation, that our six per cent. bonds
could nowhere be sold at rates of loss under
thirteen per cent. Grant so redeemed that
credit that he has already sold of bonds bear
| ing not six per cent. interest, but only four
and half or five per cent, $500, OO0, 900, and
sold them at par, and thus reduced our an
nual interest about So 200, 900, this, beside the
reduction of s2O,OOO,OOO per year upon the
part of the public debt, he has paid.
Grants administration during the last
| financial year expended for permanent public
| buildings and works, (most of which, when
| done, endure for agesD sl0,733, 59.05, and
notwithstanding this, his last years expenses
for administering the Government, were but
sl.76 for each person of our population ;
while under Buchanan's it was, in 1860, sl.95
per head; although but s2,9l5 ,371.48 of pub
lie improvements were made that year.
Grants administration has cost, the last
year, less per head than Washington's, and
considering his public works) as low as any
| since the Governments organization.
Grants administration has searched out,
removed, and punished relentlessly every Of
ficer offending against the public laws. john
sons never detected or removed a single one
of the Democratic criminals with which his
administration swarmed, and who plundered
the Treasury Of one-fourth of our enormous
revenues. Grant has reduced the public debt
at the rate of $3.50 ,423 per month. Tam
many, the very seat and embodiment of
Democratic power upon this continent, and
| the power which, in connection with that of
the South, as embodied in the Ku-KluX con-
spiracy, will rule the Republic should they
gain the elections-this Tammany increased
the debt of the single city Of New York from
500, 1924, 949.s2, as it stood in December,
1869, up to $50, SIS ,565.1s in May, 1871,
which is 81, 1915, 663.Os per month. Grants
administration has reduced the public debt
$40 for each of our population. Tammany
has increased the debt of New York s5397
per head of her population.
BY electing tho Tammany candidate for
President in the person of their friend and
tool, Horace Greeley, the people, instead of
reduction Of the public debt at the rate of
ten dollars a head of the whole population for
each three years, as Gen. Grant has done,
will increase it at the rate Of .ffy-three dollars
a head, as the Tammany Democracy have in
Now York. At that rate the public debt in
three years after Greeley's Inauguration
would amount to the enormous and incalcu-
liable sum Of tare,ay-one thousand millions Of
dollars But even if they do not increase it
a dollar, they will steal the whole revenue
of the Government beyond what is necessary
to meet its ordinary expenses, and probably
repudiate the public debt. Is not that
sufficiently disgraceful calamity to deter any
honest man from voting the Tammany ticket I?