The daily gazette., 1876-02-14
WILMINGTON, DEL, FEB. II, 1875.
The De nocrafic Mouse MOring
T0rard Specie Payments.


Mr.. Randall and the Appropriation
Committee made great stride TOWARD
specie payments last week. They de
serve well of the country for "dheri.g 81
firmly to their line of reduction in tn,
Diplomatic salaries against the most
persistent Republican opposition, as
sisted by Mr.. Wood. The work of the
Committee was well done and done Sc
effectually that in the end all opposition
was crushed out. The Republicans die
not dare 70 vote against the measure sc
necessary 20 the condition of the coun.
try. Even Mr.. Wood, although he de.
clared he would not vote for the bill. did
net dare to vote against it.
The direct, sure and certain road to
specie payment is in the 1uct on of
government eIpensts. This bill reduces
the expenses from 81 1884, 900 to 1914, 900,
asavina in enc year of $4,000, and In
twenty years of q, 900, in the same
time the saving by the West Point APP
preparation will be about 100000.
Mr.. Wood said on Thursday, in his
speech opposing the bill of the Commit
tee:
Now, sir, 60 with the honorable chair
man of the Committee on Appropriations
in reducing the expenditure of the Gov
ernment and l do:hope he will effect a
reduction, as he says, Of $50, ,000, 900. But
will suggest to him that if he will ap-
ply the same percentage of reduction to
the other appropriation bills as he has
done to this, instead of S30,00O,OO0 he
will have a reduction OF nearly $50, ,0OO,-
900. Out of total aggregate expendi-
ture of about thirteen hundred to four.
teen hundred thousand dollars he pro-
poses reduction of 335 per cent. on this
one bill alone. Now, sir. the same ratio
Of reduction applied generally would
produce result which / am very sure
the people of this country would be very
glad to see, OF a reduction of at least
$50, ,00O, 900 in the total aggregate of ex.
penditures.
Now we do hope Mr.. Randall will moi
be satisfied with reduction Of $50, 600,
600. That is great sum to be sure K
save in one year. But it does not com,
up to the expectations Of the Demo
cratic people. We must do better. A
great many of the bonds Of the govern
ment are made payable in 20 years
Now, to see the effect of even this saw
lug we should multiply thirty million
by 20: and we have at the end of twent
years saved 5000. 100000. That to be sur
would make big hole in our nationa
indebtedness and if it were paid woul,
lift our greenbacks right up to par. s.
much for Democratic legislation.
But it does not satisfy the people b,
long way. Senator Bayard has sale
that if the Federal government wa!
managed with the same proportional,
economy and honesty as that of Della
ware, at least $1OO,0Co,OO0 per annvu
would be saved to the people of tn
United States"
III Congress was rs honest and as patri
otto as it was in former days, this coul
be done. Butwe do not expect tiff tn
Republicans in that body were not or
posed to Retrenchment-if they ha
only determined to rival the Democrat
in economy and yying with them i
earnest efforts to see which would 90 til
tarthest in this direction, a hundre
millions year could be saved of tn
taxes as easily as $30,OO0,GJ0. But it i
a misfortune that the Republican part
IS 30 given to extravagant ways that
will run the risk Of being utterly crusL
cd out OF power under the car of Il,
form rather than give up the fat living
1T and its leaders have so long enjoyed
But just suppose Congress had accom-
plished what Senator Bayard declare
could be done, and we were saving slOO
ooOW a year and applying it in additio
to what we have been applying to tt
extinguis!ment of the National deb
how long would greenbacxs be belo
par?
The work of the House SO far is q,
couraging. Already the Country fee
mat there is good time com ;ng-tha
rogues will be displaced from power an
taxation be reduced. Now, let Mr.. Mo
rison only get his tariff bill through an
have it take effect at once, and our wsrI
shops that are now closed will lie throw
open from Maine to the Rio Grande.
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