Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1876-01-05
NOW AND THEN.

maturity at twenty per cent. premium,
by means of oppressive taxation, was
landed to the skies as tho height Of
financial wisdom, Grant was candi-
date tor reelection.
The balloon was kept inflated by
pumping in gas Of every description,
Prices ruled high, wild speculation ran
riot, extravaganza was the order of the
day, and the peoples money was voted
away by Congress Tor the profit of
Rings, shared in by the leaders and a
large portion of the Republican majori-
ty in the Senate and the House of Rep
resentatives. Grant represented this
prohigate system, and to continue it
successfully his presence in the White
House was necessary.
To attain this end no means, however
scandalous or desperate, was spared,
The oificeholdcrs were organized and
drilled like regular troops. Public
patronage was squandered with a
reckless hand. Contracts were
distributed where they would do
the most good. The public depart
ments We'd with each other in dis
graceful partisan rivalry. The Treas
ury bulled or beared the stock market
as might be useful, in the same service
and hundreds of thousands of dollars
were assessed on the custom house
post Office, internal revenue, and other
officials, TO support a detection in the
ranks of the Opposition headed by
Charles O'Conncr.
The first State election of the cam.
paign was carried by bareiaced bribery
and fraud. North Carolina was thus
counted out of her Governor, by the
infamous process with which the coun
try is now familiar through the invcs
LEGATIONS in Louisiana and other States
Boutwell, and Delano especially contri
buted to that iniquity, though the Dc.
partment of Justice was not much be
hind either, as the United States Mar
shal for one district was allowed tC
spend quarter Of u million of dollar
in that year
In spite Of all these extraordinary
combinations, influences, and abuses
: the great Rings which were running
the campaign still had either fears o
the final result, or were determined t
make assurance doubly sure by neg
lecting no precaution to put their sue
cess beyond doubt. Within a montl
of the election they were able to cnlis
an element of strength which, unde
ordinary circumstances, does not thrus
itself forward as class interested il
politics, whatever individual member
may do.
The following appeal was issued Oct
4, 1872, and tells its own story prett,
plainly. There are the names OF man,
respectable men attached to this paper
some of whom now doubtless regre
that they were mislcd into signin
away theirrepute for sagacity. Other
: would gladly see themselves out {
such company. Others have repente
), of their folly. Others have come
grief Others are now sitting on tn
q ragged edge of anxiety and despai
d and few are as obstinate adhercnt
se of Grantism as they were in 1872:
From The Neg York Times, Oct, i6, 1879.
BUSINESS MEN OF NEW YORK on ruE roLIrIca
SITUATION
The Condition Of the National Debt Of he Unit.
States Further Reduction, Oct. |, $40 1921, 900.
m The undersigned, merchants, bankers. and bus
as ness men Of New York, respectfully submit II
Y following statements for the information Of q
90 parties interested therein
The Republican candidate for President Of Il
United States Is Gen. Ulysses S. Grant, who W
ID unanimously named for re- election, at Philad,
phia, in May last.
at At the commencement Of Gen. Grants Or
term Of Office, March T. 1869, the national do
was 1880, 900, 600. On the LIST day Of Scpter
Der Of the present year there had been paid nj
cancelled Of this debt SSis,oOO,ooO, leaving
balance Of principal remaining unpaid at th
date, In accordance with the Official statement
the Secretary Of the Treasury, Of the sum Of Z.
III, 900 900.
; OF this amount si,777, 900, 900 are represent,
,, in funded debt bearing interest In gold, viii
$4OO, 200 remain unfundcd In Treasury ci
culation. Up to the close Of the last session
Congress the annual reduction Of taxes, as mea
ured by the rates Of 1869, had been as follows
~ Internal Revenue tax"................ $s2 900 0
Income tax (repsled) ................... 30O0e,O ,O
Duties on imports $4,000, ,o
Making q total reduction of.........sl!O, 900, ,O
H. The reduction OF the yearly interest on Il
public debt exceeds the sum Of s23, 200, 900,
which S2l, ,TiS, 900 are saved by the purchase 40
cancellation Of the six per cent. public sccufitie
A careful consideration Of these results Of
Fprudcnt and faithful administration Of the alton
nd Treasury induces the undersigned to express Il
confident belief that the general welfare Of Ii
county, the interest Of its commerce and trad
he and the consequent stability Of is public secur
~ ties, would bo best promoted by the reelection
Gen. Grant to the office Of President Of the Unit,
- States.
,S Phelps, Dodge Co., Drexel, Morgan Co..