New-York tribune., 1872-07-19

1871 given az Sl2lflsi6s 20 itte JIt
follows: .-o,s.,~
Totrl vl '..' lsss - a
1los...n'0uN ''''''''''' 81 4l3gss ss
M"ry estsillhmens ............-... l660J1s IS
Premium purchase Of bOnds.........''''' sele.s. Is
Leaving an expenditure on peace basis 1t IL termed,
Wy not deduct more and make the SUI better.
the principle that If II we're done when 7 Is dOhe'
then { we're vel it were done quickly Certainly more
cOul have done with equal fairness, and doubt
not with equal facility. II should hardly surprise Us
after all thai people make an argument iayorng
any view tAey lesLc ~ pLecl. ~ 81 iDs,nre n ~
in figures little careful examination VIII upset
this nice y-llld plan 20 deceive the people
NOTICEABLE ERRORS.
The first noticeable error is small matter Of $780,
Oos 49, paid the Treasury the proceeds Of the sale
OF ordnance &C. You have all heard something about
the sale Of arms tie French during the recent French
and German war; and II is not strange, perhaps that
the Administration managers should want TO keep the
matter out Of sight whenever they The annual re-
prt Of the Secretary of the Treasury December last
gives the expenditures OF the War Department at sS5
79s9l s. but detected asersk carries the eye down
the foot Of the page, where in small print you may
Tbs is the net moun, aer aedong o 10 repaid into the
Treasury saes Of orunauoe &c The true expenditures
Yes, tue true expenditures were s,OsOOS4 o5 but it
was deemed best not 10 state fact the body Of the
report nor does 1t enter make up the sum total
{-277lss % and II is also conveniently ieII o vi te
sons interest on the public debt part OF the mis-
&C. aneous amount OF $l35s3,355 AZ, ana many Othet
for the year 1871. and not Withdraw tle amount
these objects in Ie6O The expenditures from ~alch
the comparison drawn are given Tor letO al toSV1o
7ss 9s. OF tins amount there was pld on account OF
pen sOns 81 9l726 interest the public deDt Wnlch
then Sc4,76gOS o. including treasury noes' $'I
Now may as you turn to The list of miscellaneous
items deducted and how under % heads t1e sum OF
sl35ss5 A. OF expend Tor lS1 iB swept from the
dgeri Thus also, while they tell you We nave COZ
ected 95 433 As nom internal taxes ana parade lns
as an achievement Of this Administration, they Jufn
over the page and strike out S05S7 IT, the expenses or
turn 10 tne miscellaneous list OF 1860 and strike out
large number Of items which have no counterpart m
Ie7l. which involve expenditure OF hundreds or
thousands Of dollars Then again. Why not strike from
Ib asI esrabsbuenr of Isg0 Tor lie construction OF
five slOOps and frlgates, at an eNpend-
charged that year OF over ttree-quariers OF
uHon u dollarsi II was not ordinary annual out
tins statement Mr. Dawes asks you - credit 70 tins
Administration the excess o. expenditure III the erection
OF public buildings, &c, over that OF 1850 II We 20 1T
lie further back IL TIE records Il viii be found that me
expenditures u 1875 4o5i 1900 leoo ana Ieo! He @ h1V
the gross amount respectively as that ot 1860
in expenditures there was not much yaria-
ner insusu,e0 Dy Mr.. Dawes would be alike unreiESUe
and Unfair.
Mr.. DAwLs's UNTAlRSEss AND UNTRUTH.
For instance in 1853 there expended the various
pubic buildings purchas constructed constructing,
s5Og29 1887 for the objects, S325 40 49,
So in the report the Secretary Of the Treasury for
16O Of the tables given, there Is an amount for
Boston Massachusetts, the year 1857 for CustOmhouse
building alone, Of slIOIllO but every one knows, or
i
Boston for such object that year In word, then,
either all extraordinary expenditures must be with
from the years used for comparison the
sums for those wears n1st De emOyeI IN the nst due
non N is- NAV not be allowed the same per cent in col
ecting ss32g44 e 1860 in collecting 81 0 800 49,
But tie uIlalrLcss and uufruth o. The statement i
frler manifest upon sr gle reference 70 the report Of
1860, wherein it is stated thst in the
Actual eIleEa'aEe q 5ig54 :! vas ueadsa t44coos % to
Of The PoOhoe Appropriation b Al the seoooa session Of e pre-
81 ,T, 80 s6sr,S sr tbe tty incurred In ts eIgg yesr
To up, yielding 10 avoid controversy. the deduc
tOns made by Mr.. Dawes for 1871, and simply adding
~ she balance be gives the = 2sOC93 13 and have
expenditure Of say per capita OF people
On the other hand deducting from $50 84s44 a. the ac
tua expenditure ~ 1880 the sum Of StZ2 90 for pen
slons g. Sr INT inteIe,t & on pubic dent ana S146
able 10 the preceding ear ana We nave an expenditure
3l,l433A Inhabitants OF 81 60 per capita. This
very different result from that arrived at by Mr. Dawes
but which only 1as TO be entirely accurate IN that the
difference s than actually exists Yet, at this
reach when 70 have l00O 800 people will
have pretty To contemplate condition Of grow
quirements OF economy IN the administration Of the Gov
crumcnt, creates painful rst at the prospect Of f
evil country. A single feeble wicked Ad-
Of profse expenditure and careless nae OF the pnbie
funds If confronted with the stern opposition the
people, may well starue the thoughtful with gravest
alarm.
ExTRAvAGANCE OF TIE GRANT ADMIsIsrRAroS
The truth have but little in the past, a rule
administration, equal 10 the present the careless and
lavish manner Of handling and using the public money
only back 70 1862 and comparison with 1871 ls
indeed striking In a class Of expenditures mainly
incident 10 all Administrations and usual find In COM
pairing the aggregates the rate OF Increase
ceeded 10 per cent. 1 have table before me which |
illustrates and confirms all say, but must not weary
you with these details. I will detain you but a few |
moments more In referring 20 other matter which
should be glad 70 discuss at greater length than am
now able 20 DO single glance at the facts, however,
makes the bad enough.
IL was wisely and thoughtfully provided when We |
were lncurIng our great national dcD IN the agony OF
our gigantic civil that should De at liberty % |
cal IN the bonds we were then protnsey Issuing when
ever we snoud be abe " bOrr0was atr the return or
peace with reason expected that We must borrOwat
lower rates Of ntefes Thus the greater portion OF our
bonds that i. bonds which the Government AT lib
eTty % pay after they had five years any time
within the nextl5 years These nvetwenfies we're
interest al per cent but u expected that they
paid OF with the proceeds OF bonds drawing
q interest Of but Or per cent.
SYNDICATE.
this view the last Congress authorized the Secretary
Of the Treasury and negotiate 81 10000 OF
new bonds three equal parts OF S4OOOOOOOO each
drawing interest respectively at four and half
per cent The proceeds 10 be employed in
purchasing and canceliDg equal amount OF Five
Twenes." II expressly stipulated that Of the
new thus authorized should be sold less than
par The Assistant Secretary Of the Treasury and a
large number Of agents Europe 10 negotiate
these new bonds. Bankers enlisted the work OF
negotiating these bonds able writers paid write
in CONNIE ndaon OF their security and vnn and al as
combination formed, with the knowledge aud !
sanction q the Secretary 70 advance the sale with large
profit 10 Themselves AS the net result OF tDes elab
rate and costly preparations. the secretary reports "A
II t0OO0O OF the i've per cent? only aud these
appears by is report that be has paid quarters in
redeemed and again the "Fives1 with the pro-
ceeds OF which that redemption effected Iu pain
terms have paid bonus OF s30OoOOO the BANKERS
aud agents through whom Iis conversion effected
Now, / aware that able ana good men have con.
tended that All THIS laS fu aud proper least not