The Elk County advocate. [volume] (Ridgway, Pa.) 1868-1883, 1876-09-28

1872. 80, ,960,004
1873 3................... S,76S, ,335
1874, increase. e................ Il, ,207, AIS
1915, decrease. e..........., l9,4O6,9o
1876, Sept |, decrease. l3Il02,6 gu
The total decrease for ten years is
over S770,OCO, 600, and has been accom-
plished solely by the wise financial
policy of the Republican party, which
has at the same time kept our bonds at
high premium, raised the greenback
from value of 80 cents to 80 cents in
gold, reduced the rate of interest on
$500, O,OO0,0h0 of our public debts from 8
to per cent. and on 100000, 900 more
from e to A per cent. In addition to
this the Republicans have paid an
average Of 500, 900, 900 annual interest
on our debt so promptly that as we
said before the bonds are far above
par in the market. They have re-
duced the annual payments of interest
from Sl44, ,0OU,OOJ, to $95, 900, ,OOO,
They have paid over S3OO,OU0 900, of
government debts in the form of
claims, back pay to army and navy,
transportation, &C., never included in
the public debt statements. These
We're paid out of the current receipts
of revenue.
The Republican party has not only
paid great deal of the ma TONS in
| "A Inf
money, by rigid economy in admins
traton than would pay a good sized
national debt. Let us compare its
record with that of previous Demo-
cratic administrations.
The customs receipts during the two
years ending June 80, 1873, were
| $500, ,27l ,556,O4 the losses 50, 4O7, %
just the smallest tritie over one cent
on the thousand dollars. Now COM
pare these with the figures in Demo-
cratic administrations. In Jackson s
second term the receipts were $40, 1856,
49S, ,66; the losses ll.566.25. The
ratio of loss was Sl7,26 on the thous-
and dollars, more than seucntccn
hundred times as great as during
grants second term.
In Van Buren's time the aggregate
receipts were S67 2S3, 444 ,0S; the losses,
S-64, 500, "a; ratio Of loss, 1898 on each
thousand dolars-about four hundred
times as much as during Grants
| second tern.
In Polk's time the aggregate re.
ceipts were Sl10, ,5Gi, ,342, 81; losses were
$7,719,ll; ratio of loss on each thous
and dollars; six per cent--siX times as
large as during Grants second term.
In Pierce's term the losses were
Sl3l ,277 ,05, against 50, 407 ,2Sin Grant,
In Buchanan's term they We're $38,
1903, ratio more than twenty time
as great as in Grants.
There is not single Democratic ad
ministration in which the aggregat
losses in the miscellaneous receipts d.
not far exceed those in Grants and il
which the ratio Of loss is not man,
times greater.
Taking the gross total for all servi
ces, the ratio of loss was greater il
every Democratic administration
with the single exception of Polk
than i'll Grants. The ratio of loss il
Grants second term is twenty-tw
cents on the thousand dollars. Th
receipts in these two years amounte
: to the enormous aggregate of 81 ,420
222 ,S9S, 81. The losses were only 1922
1892. What business man in tn
country would not be satisfied if b
could bring down his losses to so sma
q figure as this?
1t is no great credit to an admins
tration that it does not waste the PEI
! pies money. Its business is to say
! and economize as much as possibl
E 1t would be g eat disgrace to the RI
2 publican party if the public servant
appointed by Grant could be accuse
OF managing the revenue carelessl.
, But when we hear Democrats chars
I ing all sorts of extravaganza on til
government it is refreshing to con
+ pare the record OF their own admins
e trations with that of Gran and st
Il the ilnmeasurable greater faithfullne,
with which the trust is executed b
d the Republican officials.
j st Paul, September % Chief (