Eaton weekly Democrat. [volume] (Eaton, Ohio) 1866-1875, 1872-09-05

(see monthly debt statement of July 1, 1875, }
showing discrepancy of more than one hum
dred and ifty-six millions of dollars.
If, on the other hand, the total debt on the
1st of July, 1872, was 90, ,294. 957, ,142.O5, the
amount certified to by Secretary Boutwell, on
that dag lsee monthly debt sta ement, July
1, 1879, then the total reduction in three
years from July 1, 1872. was only $194, ,045,-
1858, it being just that amount less than the
amount shown by the ledger in the Registers
| office on the 1st day of Juty, 1869. (See Sec
retary Boutwelrs Finance Report, 1870, p.
! 276.)
July l. 1869. FinaLce Report. page
July l. is72 monthly debt statement 22Ss 19s o5
GomPare this this With Jo6nsons kdmnissTa
| ton:
july july l. 1883 1853. total total
Reduction in three We rs.,..... S294 .423 3qS 63
(see Boutweits Finance Report $50, p 276J
We have already stated that the Secretary
of the Treasury, in his monthly debt state
mcnt for July 1, 1872, states the public debt
at $3.50, ,213 49, IL less than he stated it in his
monthly debt statement for July 1, 1869. So
that, if his official statements are true, he
actually reduced the debt that amount in the
three years, ending July 1, 1872. However
much he may be mistaken as to the amount
of the debt which it is the Registers duty to
ascertain and record, he ought to k1lO,o the
transaction of has ooo1a office, and keep cor
rect account of the money he pays out in re-
duction of the debt or for any other purpose.
An ordinary business man would be at little
trouble to record in a book, and ascertain
without difficulty the amount of debts he paid
from trust fund in his hands during the
course of year the magnitude of the
amounts would add little to the labor of
computation, while the Importance of strict
accuracy would, on that account, be in
creased.
We therefore assume here that the Secre-
tary of the Treasury has reduced the debt to
the extent which he certifies, viz. $3.50, ,213,-
152. IL, between July 1, 1869, aud July 1,
1872.
Now. if that amount is deducted from
the first day of July. 1869. viz. (see
s50SI3i52iI
The debt July H. 1872 was of So 1885, Al
And yet Mr.. Boutwell, is paying interest on
80, ,294, 957, ,142.O5 According to his own show
ing, he is paying interest on $156, ,OOO, 900 that
the nation does not oo1e.
DUPLICATE ISSUE OF UNITED STATES BONDS
The fact that duplicates have been paid by
the Treasury is a fact we'll known throughout
the Department. The bonds to which these
coupons were attached have not been paid,
perhaps not presented. at least so far as it is
known outside of the Department. But there
is one fact within the reach of all who desire
to inform themselves, which establishes be-
yond question on g or two things-frst, that
large amount of duplicate unauthorized bonds
have been issued and sold, or else large
amount of money has been embezzled and
charged to the interest account.
Any one who will take pains to calculate the
interest on the debt, certified to as outstand-
ing, and compare that interest with the
amount of interest paid, will discover that for
the last fiscal year the amount paid exceeded
the amount due nearly three millions of dol
lars, precisely 80, ,961. .734.72.
For instance, the amount of interest eohSeb
accrued on the entire Understanding debt of
the fiscal year ending July 1, 1872, taking into
account the monthly reductions, was S114,-
1856. 1O5.OO, and the amount paid (see Regis
ter's records) was $117, 1857, ,839.72. Excess
of amount paid over the amount due, 81 $751;
734. 70.
If this excess of nearly three millions has
been paid, then there are over forty-nine mil
lions of six per cent. bonds outstanding
which have been fraudulently issued and If
embezzled and charged to the interest ac-
count.
THE PUBLIC ACCOUNTS MISUNDERSTANDING
RECORDS ALTERED AND FALSE ENTRIES SUB
sTITUTED.
The annual rep ort of the Register of the
Treasury contains statement of the public
debt for each year, beginning with the year
1871 and ending with the year for which the
report is made. AS before stated, this was
omitted by Register Allison in 1869.
That statement is a transcript from the
public ledger in the Registers Office, and by
law is conclusive as to the facts it alleges. AS
before stated, it imports absolute verify. 1t
is published by the Secretary of the Treasury
in compliance with law, that the people may
be advised of the exact amount of the ma
tional debt.
To illustrate how the Secretary of the
Treasury manages to show large reductions of
the public debt we will give single instance
of the manner in which the public accounts
are altered and official records mutilated in
order to manufacture political capital and
cover up delinquencies.
PUBLIC DEBT STATEMENT FOR LAST TEN YEARS.