The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1876-09-07
What Grant Has Cost the
Country.
Evansville Courier.

We suppose nine-tenths of the
people will greet with incredulity
the statement that Grants admins
tration has cost the country more
than the war. But it is so, as the
following figures viii show;
At the close Of the war the coun-
try had over a $I,54O,OOO,OOO in le-
gal tender notes, 7-3O bonds, com
pound interest notes, and fractional
currency. This sum has been con
tracted to less than $4OO,OOO,OOO.
Thirty thousand men have failed
in business since the introduction
Of the contraction policy, involving
a loss of over $l,OOO,OOO,OOO.
Nearly 200 railroad companies
have failed, causing a loss in bonds,
stocks, etc, of over 81, 1,OOO,OOO,OO0.
More than 100000 of workmen.
who had been earning two dollars
per day each, have been thrown out
OF employment; this loss amounts
to 100000 per day, 81, 100000, 900.
per year. In four years of Grants
last term this viii reach the enor-
nous sum of $5,OOO,OOO,OOO.
-Four million workmen have suf-
fered reduction of wages of more
than one dollar per day each; this
amounts to $4,OOO,O0O per day,
81, 250,OO0,G0O per year, or $4,000
100000 for the last term of Grants
administration
The six hundred and thirty thou
sand business men in this country
have had their incomes reduced on
an average, $500 per year, involving
an annual loss of $315,OOO,OOO, or a
total loss in four years of $780,
100000.
Over one hundred and twenty
millions Of currency interest debts
have been converted into five twenty
gold bonds, thus adding about sixty
millions Of annual gold interest to
the debt Of the country.
The revenues of the country have
been reduced from six hundred and
nineteen millions a year to two
hundred and eighty four millions.
The gold receipts from customs
have been reduced from two hun
dred and sixteen millions to less
than one hundred and fifty millions,
causing further loss of gold to the
country Of siXty-six millions per
year.
The gold in the Treasury has
been reduced from one hundred and
thirteen millions to less than thir-
teen millions; in banks, from forty
eight millions to about eight mil
lions.
The depreciation of property in
the country amounts to more than
six thousand millions.
The depreciation in railway stock
and bonds is estimated at several
hundred millions.
The loss in prices on farln pro
ducts, manufactured articles, etc,
caused by the depression of bust
ness, aggregates several millions of
dollars.
immigration has fallen off from
about 100000 to $4,000.
The contraction policy therefore
has caused a loss to the country
From failures ............... 81, 900 ,OOO, 900
Defaulting railroad stocks and
bonds NEUTRALITY-SUSPICIOUS.. ,OOO,OOO,OOO
Idleness of workingmen. ...... 5000, 200, 900
Depreciation of wages. ....... 5000 900, 900
Reduction of income. ......- o.. 1900 100000
Loss of revenue to government 500, 100000
Depreciation Of property 5000 100000
Depreciation of railroad, bank
and other corporate property, 1000, 100000
Grand total. $21 900 900 900
War debt 2,s45 700, 900
Loss to the country by Grants
administration in excess Of
cost OF the war ar.............. 81 ,l55, 900, ,OOOS
Now let all those who think the
people should suffer this enormous
loss every four years, merely that
Babcock, Grant, Chandler, Belknap,
Orth, Boss Shepherd and the other
thieves may be "vindicated' and
prosper, vote for Hayes, who has
promised to make no changes in of