Wyandot County Republican. [volume] (Upper Sandusky, Ohio) 1869-1903, 1872-03-14
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 Adj
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 1853, $27, 529, 904. .43; 1859,
SIS, ,5S4, 511. 10; 1860, $7.065, 900. Sc; 1861,
to the close of the Administration in
March, $10,054, 654. 50 making total of
$50, ,235, 100 6S extravagantly 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 it's funds, including the In
dian trust fund bonds, and by its extrav-
agant and corrupt expenditures left a
debt of $64, S42, ,2S7.SS, 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, "S195, ,655, ,06S. SS,
and proposes during the present year to
make further reduction of $50, 0,OCO, ,O00
1t has reduced the annual expenditures of
the Government $50, 163, ,O9661. 1t has
paid and Cancelled $2S7, PAS, ,310.51 of the
| public debt, and reduced the annual in
terest thereon S17, ,598, ,S24. 4S, and raised
the credit of United States bonds from
less than S234 cents on the dollar to above
| par, by which their value has been en-
hanced to the extent of S33S OH, All so"
= The johnson Administration made a
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 S195, 100000. Not,
wfthstanding the high taxes of that pc
riod, wo 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 $40,
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
lection of taxes as well as in the expen.
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-five months, reduced the
national debt of the United States S2S7,
25S, ,310.51, and the annual interest here.
after to be saved to the taxpayers by this
reduction figures up S17, ,59S, ,S34. As. AT
the close of the Administration of An.
drew Johnson, United States bond fo1
$100 was worth in gold $S2. ~ To-day
the same bond cannot be purchased for
less than $101 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.