, 1876-09-17
POLITICAL.
Clear Statement in Regard to
National Finances.
Our Improved Credit Under
Republican Rule.
How It Was Destroyed in Time
Of Peace by the Democ-
racy.
Some Obscure Aspirants for Bar
ren Local H0n0rs.
Men Seeking Places on the
Democratic Ticket.
Cheerful Meeting Of the DEM
ocratic Central Com
mittee.
The Third District Republican Con-
gressional Convention Called
for Oct, 10.

gressional Convention Called
for Oct, 10.
Gov. Hendricks and the Death OF
Abraham Lincoln.
TALKING FIGURES.
WHAT THE REPUBLICAN PARTY HAS DONE FOR
THE NATIONAL CREDIT.
6pecta. Dispatch to The Tribune.
WASHINGTON, D. C., Sept. 16.-Cha1les I.
Conant, Assistant-sccretary Of the Treasury,
has written latter to Senator Cragin, which
will prove one OF the most valuable documents
of the campaign. The Democratic platform has
declared that u Reform is necessary to establish
q sound currency, to restore the public credit,
and maintain the national honor,'' and has also
declared that in the eleven years OF peace the
Republicans have taken in Federal taxes thir
teen times the whole amount of the legal-tcn-
der notes, and have squandered four times
that sum in useless expenses, without
accumulating any reserve for redemp-
tion, and Mr. Tilden has said
that the solution of all the troubles Of the Gov
ernment is to ive within your income. Senator
%A@V~A@oA~AA ~ S~4A-
nant to the statement OF the Democratic plat
form with respect tothe financial condition the
Government, Mr.. Conant, in his written reply,
reviews the financial history Of Republican ad-
ministrations. The letter shows conclusiyely
THE ENORMOUS FALsrrY
of the Democratic charges The following is
the brcfcst abstract Of the essential features Of
this letter: The Republicans have re-
duced the represented debt $685.
9oS,246. The total receipts of the
Government for the IL years we're S4,192,6 ,635,sol;
total expenditures, s3,56s, ,468,6 ,675 The annual
average reduction Of expenses for the last II
years is So, 81, ,965, and the expenses for 1876
arc less than for 1866 by. .$262 619. There has
been decrease Of all items Of expenditures ex-
ccpt pensions, Indians, and branches Of service
arising from the War.
As to the charge in the Democratic platform
that the Federal taxes for the II years OF peace
have been IS times the whole amount OF legal
tender notes, ETC., the official record shows that
this statement is
A BOLD FALsEHoOD.
The total amount OF taxes received by the
General Government for that period is $685.
1921, ,158 less than the amount alleged in the
Democratic platform, and almost 81, ,000, ,000, coo
less L01U Liz OCuuE1At5 lAoA$3~" 1AAk%A P*|*Aej
during the last II years. the interest on the pub
liz debt s656, 992, 2246-therc was left to pay
all the expenses Of the Government for the IL
years, including army, navy, Congress, the civil
list, Indians, foreign intercourse, and the pur~
chase of Alaska, the collection Of the revenue,
the handling Of the public debt, only $1.2S,e ,e0B-
1876. The sum is less than the amount the Dem
ocratic platform charge to have been squandered
By the Administration By $179, ,66S,4 ,475.
From Mr. Conant's letter it will be seen that
Ti1den's recommendation that the Administra-
rion should live within its income is
IGNORANT 1MPERTEENCE.
During these eleven years, Notwithstanding
the heavy expenses for the public debt, pensions,
and claims, the Government has met all Its
other current obligations, aud had surplus
yearly oyerits income, which aggregates Tor the
eleven wears S6A, ,165, ,1o6. Meanwhile, the taxa
tion has been reduced since the War S309, $780,
III. The percentage Of loss BY defalcation is
less under the present Administration than ever
before, Declarations reached the highest point
unler Martin Van Buren's Administration,
which was Sill on 81, goo, and thelowest under
the present Administration. Previous to 1861,
during the years OF peace the Democrats had
power, the average loss per thousand Tas S5.7.
Since that day it has averaged only 81 cents.
The charge made by the Democratic platform
that the credit Of the country is impaired is
TR1UMPuANTLY ANSWERED
by Mr. Conant. Our bonds are selling above
mar throughout the world In the II years pre-
ccding 1851 the annual expenses Of the Govern
ment we're in excess Of its income IS, ,9S9,5223
The Government issued bonds to meet Its de-
fcicncies, which were placed at a discount
equivalent to u per centum.
To rccapitulate: Since 1865 tie public debt,
to June 80, 1876, has been decreased s656, ,92, :
oGH, and the annual interest charge since 1869
has besh reduced 81, ,2S8,2s1; and, since 1896,
the annual expenditures of the Government
have been reduced s262, $40 ,619.67. and federal
taxation more than s300,000o00 Every year
since 1865 the Government has not only lived
within its income, but has been able to save, to-
wards paying its Indebtedness, an aggregate
pe1 annum OF $56, 2sI 20. The losses Of the
present Administration, through dcfaulting Of
fcers and banks, compared with the amount OF
money involved, have been to marked degree
LESS THAN THOSE or ANY PREVIOUS ADMINS,
| TRAT1oN
since the organization OF the Government. With
| 4 surnlus revenue annually acerufng, and taxa
tfon diminishing, the credit Of the country, de-
snite m Indebtedness of over two thousand mill
| ions, has been raised to such an unprecedented
| point that its ~ per cent bonds issued In re-
demptfon of 6 per cents, are selling rapidly at
| home and abroad above par in gold,- satisfac-
tory contrast with the condition OF affairs from
| 1877 To 1861, when the Government with an
| Indebtedness of less than one hundred millions
WAS living beyond its income, and, to meet cur
rent expenses, was compelled to issue notes
bearing interest equivalent to r per cent per
| annum and to sell its $ per cent bonds at dis
| count Of Il per cent on their face value
DEMOCRATIC CANDIDATES.
| CONGRESSIONAL
In the First District, Barney Cauldeld and
| John R. Hoxic are candidates Caulheld Is not
as popular candidate as be might be. It Is INC
impression of strong Democrats that he Il
rather too autoc1atic to last long IS an exponent