Buchanan County bulletin. [volume] (Independence, Iowa) 1869-1891, 1876-11-03
A Few Timely Facts.


In view Of the immense sums
which the Democratic Southern
claims would take from the Treasury.
and the constant assertion that Re
publican administration has been a
carnival of corruption and extortion
from the country, few financial
facts will be servicable to "paste in
the hat" BELKNAp undoubtedly re
ceived money for post traderships,
and the Whiskey Ring has been very
active. But conceding all the ras-
calities that can be truly affirmed, the
Republican administration of the
Government compares most advan-
tageously with any other, and wise
men will reflect before they intrust
the Treasury to the tender mercy of
Southern claimants.
Senator CRA1G1N, of New Hamp-
shire, says, in late speech:
"On the first day of March, 1862 three
daysbefore General GRANT was first in
augurated, the public debt incurred in
putting down the rebellion and saving the
Union was $2,525, 463, 260,01. On the 1st
day of August, 1876, the same debt was
only $2,093, 3O1 ,311,O 6.
I'm the seven years and five months
$427, 161 ,94S, 95 have been paid, or more
thar one-sixth part of the entire debt
''This Is at the rate of $50, 100000 an
nually since General GRANT became Pres
ldcnt; at the rate of 81 ,6S7 800 per month,
OF $156, $50 per day. Yes; the debt has
been reduced at the average rate per day
OF $l58,250 every day for 270S days.
This fact speaks volumes for the admin
istration, and will silence thousand
falsehoods of the corruption and extrava-
gance of the Republican party.
''On the 1st day of July, 1868, the in
terest on the public debt was $140,421
O45,7l. On the first day of July, 1876,
eight years later, the interest on the pub
lie debt was 800, 243, 271 ,23, or forty
million two hundred thousand dollars
less than eight years before.
''The total aggregate saving of interest
to the people for the eight years, in con
sequence of the reduction of the debt and
funding large portion of the remainder
at lower rate of interest. is about two
hundred million dollars. 1t strikes me
that here is something the people ough.
to BIO thankful fcr, and that they will de-
sire to continue this kind of reform.
| when 1t Is remembered that this great
reduction of the debt, and consequent re-
duction of the interest, has taken place
under large reduction of taxes, the facts
become marvellous indeed Every year
since the close of the war the Repu blican
party has largely reduced the taxes, Just
as fast as the credit of the country and
the necessary actual expenses of the gov
eminent would permit"
An official statement of last June
shows the loss per $1,000 in the re-
ceipts and disbursements Of the Treas
ury during forty-two years, and it is
one which the "Reform Democ.
racy" will hardly improve. Senator
CoNKLING gives the table in his late
speech. The figures do not include
those of the Post-otfice Department,
where the loss under PIERCE was
1898 in the thousand; uudcr Blu
CHANAN, $500 in a thousands; under
JoHNsoA, 5000; under GRANT, in
his first term, $l,l3; and up to the
end of the fiscal year 1875 it was but
SO cents. The postal-order system
is of recent origin, but since its es-
tablishmeut three hundred and nine
ty millions of dollars have been in
trusted to it, and with y loss of but
forty cents In each thousand dollars.
The account of the other great de-
partments is as follows:
From January /, 1884, to 1898 Jackson being
President, the loss on each $1,000 was. $40 %
From January l, 1885, to 1912, VanBuren be-
ing President, the loss each $1,000 was 81 IL
From January /. 1912, to July. 1S45 Harri-
son and Tyler being President the loss on
each $1,000 was ........................ IL II
From July !, ls45, to July. lSls Polk being
President, the loss on each $1,000 was. "a
From July /, 1349 to July. 1883 Taylor and
Fillmore being President, the loss on each
$1,000 was: ....:.................. : 81
From July l, 1858, to July. 1857, Pierce be-
ing President, the loss on each $1,000 was , Sc
From July l, 1857, to July, 1861, Buchanan
being President, the loss on each S1000was 2S
From July l. 1861 to July, 1865, Lincoln be-
ing President. the loss on each $1,000 was. Al
From July /, 1865, TO July. 1863 johnson be-
ing President, the loss on each $1,000 wea as
From July l, 1869, to July, 1874 Grant being
PRECEDENT, the loas on each $1,000 was. 40
From duly |, 1874, to July 1873. Grant being
President, the loss on each $1,000 was 20