The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1876-09-06
Syatemem sho,oing debts and tidbiities Of
Southern States at close Of tcdr and in 1872.


Louisiana ....-..- l0tSS,UI4 81 5O,oi0,Soo D!
Texas Nominal. NyS6l ,Ol0 81
Alabama. .......... 5,s9, 65S SO 3s,3S2,9 S7 81
Georgia. ...............l Nominal. H5O,631 ,5O0 "
"June /, 1871.
1t will be borne in mind that these
states from the close of the war up to
1872, were under Republican rule.
What Democratic House has Accom-
plished.
Although embarrassed and hindered
in its endeavors by Republican Ad-
ADMINISTRATION and Senate, it has accom-
plished much, and is entitled to the
gratitude OF the country.
1t actually reduced the expenditures
of the Government, for 1877, about $40,
600 900. but by reason OF the opposi-
ton on the part OF Republicans in the
Senate, who refused to concur this
amount was reduced to between $29, :
OOO, 900 and $30,000,000 which was ac-
cepted as a compromise:
1t brought to light, the crimes and
populations of Belknap, the close con-
-fidential Cabinet member offthe Presi-
dent; exposed him, caused his i'm
peachment, and rid the country OF his
presence, in one OF the highest positions
in the county.
II has exposed the Emma Mine
frauds, forced the resignation OF Mr.
Schenk, as Minister to England, for i'm
proper connection will the promoters
OF the same.
1t has exposed the reckless extrava-
gance and favoritism Of the Navy De
partment; the improper use OF public
money, in the Department OF Justice;
the corruption that existed i'll the
Freedman's Bank, and Freedman's
Bureau, in the Real Estate Pool OF the
District of Columbia, in the Indian,
and Pension Bureaus, in the whisky
ring frauds, and the prosecution OF the
same. 1t drove from power wherever
it could, unworthy and corrupt officers,
repealed the resumption act, ito date
for resuming, and made every posi-
bic endeavorto re-instate silver, which
had been demontized, as legal tender
in 1873 by the Republicans, and was
only prevented from doing 80 by the
Republicans tillibustering to the last
moment OF the session Of the present
Congress.
Repeal of the Resumption Act.
The resumption act, so-called, was
passed i'm 1873, and it is believed contrib
uted largely to the financial distress that
now afilicts the country. Believing
that to fix day was unwise, and fore
I'd resumption would contract the cur
rency too speedily, decrease the value
OF property and impose heavy burdens
ON the debtor classes, the Democratic
party in Congress appeared and voted
against the act, urging that it would
produce the evil results it has. The
democrats in National Convention, re-
fecting the will of the party through
out the Union, demanded in their plat-
form the repeal Of the clause fixing the
date of resumption i'll the act. The
Democratic House accordingly passed Il
bill repeating the time clause, sent it to
the Senate where it was referred to the
Finance Committee TO die. The effect
of the resumption act passed by the Re
publicans must increase the present
financial depression, continue the
shrinkage in values, and stop manufac-
tories and other enterprises, and there
fore diminish the demand for labor,
reduce wages and create general want
throughout the country.
Silver as a Legal Tender.
Silver as well as gold, from the foun-
datiOn of our government to 1913, was
legal tender in payment of all debts.
In 1873 the Republican party, for some
cause unexplained, took from silver
this quality it had SO long possessed,
and forbid its being used us Il legal
tender in payment of sums above five
dollars. making gold alone legal ten
der for all sums above five dollars.
This had the effect to aid the bond
holder and the creditor classes, and
greatly Expresses and Injuries the debt
or classes and the government, be-
cause since 1873 the government has
been compelled to pay its interest IN
gold alone, and the capacity OF both
the government and the people to pay
their debts at all, has been greatly re-
duced. us the estimated quantity OF gold
and silver in the world is about equal.
What West Virginia has Gained by
Sending Democrats to Congress.
From the organization of the State,
up to 1872, West Virginia received
nothing in the way OF aid for Internal
Improvements.
Since you have sent Democrats TO
Congress, the State has received over
one million dollars, as follows:
Appropriated for the c,o ooo
Great kanaw ......'''S oso'vVv
Mediterranean about $50 1000
lille konowha ....................... 7,30C
Surveys OF the different rivers In oo ooo
the State, about ........................ SV,VVo
Custom House and Postoftlce NJ ooo
Parkersburg ............ ................ -i''oVV
Total ,0S4 300
Democratic Success Almost Certain.