The Jackson standard. [volume] (Jackson C.H., Ohio) 1847-1888, 1876-10-26
From Harper's Weekly.
A Few Timely Facts.

In view of the immense sums which
the Democratic Southern claims would
take from the Treasury, and the con
slant assertion that Republican admins
tration has been a carnival of corruption
and extoTtion from the country, a few
financial facts will be serviceable e
paste in the hat" Belknap undoubted
ly received money for post traderships
and the Whisky Ring has been very act
i've. But conceding all the rascalities
that can be truly affirmed, the Republi
can administration of the Government
compares most advantageously with any
other, and wise men will reflect before
they intrust the Treasury to the tender
mercy of Southern claimants
Senator Cragin, Of New Hampshire,
says, in a late speech
On the lst day OF March. 1860. three DAYS be-
lOtt peietai OIant was hFsl lnaugurateu, the
public debt incurred In putting down the re-
bellion and saving the Union was s2,52 ,f63 26O.
Ol. On the lst day OF August, 1876, the same
debt was only s2,OaSy30l,3 ,3il Oh.
In the seven years and five months sf27, ,l0l, :
9is - have been paid, or more than one-sixth
part Of the entire debt.
This is at the rate OF So, 10000 annually since
General Grant became President; at the aver
age, age rate OF si6s55o0 per month, or slJS.250 per
erage rate per day ofslJ6,ZJO every day for 27Us
days. This fact speaks volumes for the admin
"a
hoods Of the corruption and extravagance OF
the Republican party.
son the lst day Of July, lsGs, the interest on
the pubic debt was Slp,32l 045 II. ON the lst
day of July, 1876, eight years later, the Interest
on the public debt was slOO,2i3,27l p, OF forty
than eighf years before.
The total aggregate saving Of interest TO the
people for the eight years, in consequence OF
tine reduction of the debt and funding a large
portion OF the remainder at a lower rate OF in
terest, Is about two hundred million dollars. II
n
ought 10 be thankful for and that they will de-
sire TO continue this kind OF reform.
When IL is remembered that this great reduc-
tiOn Of the debt, and consequent reduction Of
the Interest, has taken place under a large re-
duetlon Of taxes, the facts become marvellous
indeed. Every year since the close OF the war
the Republican party has largely reduced th
taxes, just as fast as the credit Of tie country
and the necessary actual expenses OF the Gov
crnmeut would permit.
An official statement Of last June
shows the loss per 81 900 in the receipts
and disbursements OF the Treasury dur
ing forty-two years. and il is one Of
which Republicans need not be ashamed,
and which the Reform Democracy" will
hardly improve. Senator Conkling gives
the table in his late speech. The figures
do not include those OF the POstofiice
Department, where the loss under Pierce
was 50 % in the thousand; under Blu
chanan, SO OF in "A thousand; under John
son, - %; under Grant in his first term,
81 l3; and up to the end OF the fiscal
year 1875 it was but j3 cents. The post
al-order system is OF recent origin. but
since its establishment three hundred
and ninety millions of dollars have been
intrusted to it.and with loss of but for
ty cents ia each thousand dollars. The
account OF the other great departments
is as follows:
From January ], 1891, 20 1858, Jackson be-
ing President, the loss on each Sl,O0J
-
From January /, ISIS, to lsi2, Van Buren,
being President, the loss each $1,000
............ q u
From January I, 1882, to July, 1875, HarrI-
son and Tyler being President, the loss
or each slo.O ..... 10 8
From July .. isf5, 20 July, 1919, Polk being
President, the loss on each 81 900 was. ) "a
From July ], 1919, % July, 1853, Taylor and
Fillmore being President, the loss on
each $1,000 -
From July l, 1853, TO Ju.y, 1857, Pierce be-
ing President, the loss on each sI,00
................ 81
From July, 1857, to July, 1861, buchanan
being President, the loss on each Sl,OO0
was-.............. =
From July l, 1861, To July, 1855, Lincoln
being President, the loss on each 5000
a
From July !, 1855, to July, ls0a. johnson
being President. the loss on each loo
.
From July /, ls9g, To July, 1873, Grant be-
ing President, the loss on each sl,o0
"
From July ], 1873, TO July, ls75. Grant be-
ing President, tine loss on each 81 600
Against such facts as these-facts
which cannot be successfully controyert
ed-the mere assertion OF universal Re