Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1874-09-17


overthrown and the entire city in the
hands Of his opponents.
Lieutenant Governor Penn, who was
elected in 1872, has taken the reins of
Government, and will at once instate in
Office all those elected at the same
time. The Courts will at once be or
ganized, and the entire machinery Of
Government set in motion, not only
in this city, but throughout the State.
Great enthusiasm prevails.
Hon. Mr.. Gunkle, of the Dayton
District has been nom mated by the
Republicans of that District for re-
election to Congress. After the nom
nation, Mr.. 6. was called to the stand
for q speech, to which he responded
promptly, and from that speech we
make the following extr act:
The Forty third Congress met at
IL O'Clock on the first Monday of De-
cember, 1878, and both Houses pro-
ceded at once to business. One of the
first acts was repeal of the notorious
salary grab act, by which the pay of
each member was cut down $4,000
per year, and an annual saving made
to the treasury of about $1,000,000.
| One of the first official communica-
| tions received was from the Secretaa
of the Treasury, stating that by reason
of the prostration of business caused
| by the panic the revenues had so de-
creased that the expenses of the gov
ernment were every day more than its
income, and recommending two RENE
dies, one that the government borrow
money, and the other that new taxes
be levied upon tea, coffee, income, etc.
Congress refused to do either but COM
| PEELED the government to do what a
prudent individual would do under
similar circumstances, cut down its ex
penses and bring it's expenditures
within its income. 1t accordingly in
augurated and carried into Immediate
operation most ligid system of
economy in each and every depart
ment of the government. In round
numbers it reduced the expenses of
the navy $5,5OO,O0O. 1t reduced the
army expenses $4,O0O,OOO. It cut
down the fertilization bill 81 600, 600,
and the legislative appropriation bill
So, 100000 and the sundry civil bill,
which covers ap propriations for pub
lie buildings, S5,300,000, and the riv-
er and harbor bill 81 100000. These
and the other reductions accomplish
ed during one session of Congress
make a grand total of $27 ,000,0 0, and
the glorious result attained was, that
no borrowing of money Or levying of
new taxes became necessary, but at
the close OF the session the treasury
was able to meet all the legitimate eX-
penses of the government and to re-
sumo the gradual pay ment of the pub
lie debt.
Again, in the matter of currency, it
avoided the evils which would have
resulted from either expansion or con
traction, fixed the amount of leg a
tenders so that their volume coulG
niether be increased or diminished at
the will of one man, and by freeing the
reserves and giving to the West and
South the surplus banking capital held
, by New England, caused a moderate
increase of the currency. giving early
relief to business and yet not losing
sight Of a return to specie payments s {
soon as the condition of the country
! will make it safe so to do, in the mean
time securing to the people the bes
paper currency that the country hai
ever had, to wit: the greenbacks and
national bank notes good everywhere
and al the time.
The infationists are on the anx
ious seat. They find the Democracy
of such States as Illinois and Massa
chusetts pronouneing against theil
wildcat schemes. And even here ir
Ohio, the Democracy of one of tn
northeastern counties refuse to trail
to the music of the Columbus Conven
ton. The repudiationists will have
= to be set off in little squad by them
l selves. There are few Republican!
whom that party would be glad to Sc,
desert and go over to the fellows who
think that the policy of stuffing tn
peoples wallets with currency, tn
purchasing power of which contracts
as its volume increases, is Nationa
blessing Cincinnati Commercial.
-~S~>-----
., There are more than ten Thousand
. people in the United States who ex-
! pect to be the happy possessors of til,
l first grand prize in the Kentucky Gif
t Concert of $250,000. All of them bu
!; one will be disappointed, One will
:. get it, for Gov Bramlette, the mana
) ger. at Louisville, has announced thai
0 the Concert will positively take plac,
! on that day; that there will be no fur
s ther postponement, and that the capi
7 tai prize will positively be sum stated
= And if our readers want tO know moro
Of it, write to him.
q Death of q Prominent Turfman
}. CHILL1CoTHE, O., Sept. 12.-Col