Knoxville journal. [volume] (Knoxville, Iowa) 1874-1986, 1875-09-09
lone shat:causes the people to love

/ aois alat causes the peOpie 10 rove
itg
| Among its noblest acts is the his.
toric fact that 1t took up the sacred
principle of self-government, JUS,
where the Democracy pronounced it
a failure, and made it a success in
every part of this great country.
Here the speaker spoke of the Won
derful increase of the population of
! the United States since the Republic
can party came into power in 1861,
giving figures which are no less graf
flying than surprising.
Next, the magnificent increase in
wealth, manufactures, agricultural
products, etc, was portrayed in
glowing terms.
The assessed valuation of real estate
has been almost doubled Id the past
ten years. .-.-..--
THE FINANCES
II The extraordinary expenses OF the
|Government in putting down the
rebellion were enormous. The net
lordinary receipts of the Government
from lsGI to 1865, inclusive, were but
labout eight hundred millions, while
1.-THE expenses for the same time We're
labout three and a half billions! TO
Imeet this, the Government was
I forced TO look outside of It's ordinary
revenue; and the amounts needed
Eiwere provided by bonds and treasury
Hnotes and these make up the bulk
hof our national debt. Up to June 30,
1874, this dcot had BEEN decreased
nearly six hundred millions ofalol-
liars, and this too, IN the. igeeof o
Egreatly reduced taxation. An In-
| lderstanding OF these facts lay at the
threshold OF discussion OF questions
of finance.
/ The Union must be preserved.
Bonds must he Issued. National
Blanks were established In an etner-
tgency. The system may not he the
best that could be devised, but II is
the best that ever has been devised.
The Supreme Court has decided that
the issue Of greenbacks was, under
1.-THE Constitution, iustifiable only as a
tswar measure. Then the greenbaek
rumency cannot constitutionally be
increased
| We have in circulation $3.50 0a0, ,000
lin legal tender and $3jl,o0o,09D
Natiouai Bank cnrrepcy. Now II the
Democracy OF This State have their
way about II they will retire this
! National Bank currency, which con-
stitutes one-half the money Of the
country, and yet they cannot tell us
what they are to give Us in the place
of II.
Y The speaker here showed the three
lfold and truly wonderful manner In
which the N8tisnaI Bank currency
j. secured, afdbehind IL elkthe Gov
crnment stands pledged 70 redeem
every dollar Of 1t.
OFFICIAL INTEGRITY.
/ Mr. Leiiler said that until the Re-
| publican party came into power nm
/ Investigating committee was never
heard Of, aud now one-half Of the
time of Congress IL employed In In
INVESTIGATIONS. 10, the Democratic
iIparty never investigated the wrongs
IEand steals OF its officials.
lFsa'be Republican party does investi-
gate, aud weeds eut itsc0rrupt agents.
We do MT claim that every man
in the party is honest; but we do
claim TINT when we do find a cor
rupt Official we kick him out.
IN paying out ono thousand
millions, the Republican ndmiDistra-
tion lost less than million and q
quarter OF dollars during the var
ltsS4 tnHn one iliteeHIi VI VHS Fti
cent. During the war Of iSl2the loss
was over ~, ,000,0 900. MITE the con-
| trast and judge whether the Repub-
| iican party has been careless or un-
faithful IN disbarsing the funds Of ths1
nation.
! In The internal Revenue depart
mcnt the losses amounted 10 lesstffafi
two dollars In every ten thousand
collected. LOSSES IN collection OF GUS
toms do not amount tn the one.huD-
! dralih part Of oire per cent.-le5s
4 than so in every slio,eD0. &
'fnc loses 10 depf8ltnrs Of National
Banks have been only f-l8Gth part ol
. one per cent, or s5.971 cents to the
i si0J 800.
| There baa passed. through the Us.
Treass,ry since 1861 about sixsy bil
lion. slpllar,. and the ios4es have beer
| but about So 900, or less than one ten
liha,isanelth part Of ofie per cent? or
Il