The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-09-23
HAYES'S ELUSIVE FIGURES.
SQUARE REFUTgTfOv or mrs .ASSER-
TONS IN MINNESOTA.
The Extravssance OF the Party that Tried
to Elect Uim Ecosomy Enforced by the
Re.oiute Action OF "a Democratic House.

The Estrsv-sance OF the Party that Tried
to Elect Uim Eco.ory Enforced by the
Re.oiute Action OF Democratic House.
WASHINGTON. Sept. 1.-THE figures which
Hayes paraded before tho farmers ~ Mime
sofa have nlreadr been roughly handled. The
returns. contemporary and recently published
by the Treasury Department. show that his
statement OF the currency in circulation in
1866 was over 5000. 900 600 out OF the way. A
smaller blunder but OF different sort. appears
when he puts forward tho sums raised by Gus
toms and internal revenue as the measure Of
Federal taxation. when Federal taxation really
includes additional taxes to the amount ut from
$4,000 900 to $40 0O0OOO. Aside from positive
miscellaneous. Haycs's speech puts forward
the taxation in 1873. tho year Of the panic. and
the expenses then. and comparing them with
the taxation and EXPENSES now. reduced In the
FIRST case BY tGi .0O0. 900. and In the other 10y
s53.000.00O. the tacit conclusion is drawn that
the party in whose hands the administration of
the Government still rests. in spite OF its fail
ure to elect ir candidate at the last Presidential
election. has been for five years reducing the
expenditures as the receipts from taxation
shrank. This is not true. The Republican
party has not done this. Had the policy OF the
Republican party continued without break
the Federal Government would to-day be bank
rupt. no surplus would exist to meet its demand
notes whom due next January. and payments
upon the sinking fund would have long since
been suspended
The country had Just come TO the edge Of a
great commercial panic in 1873 when the Re-
publican party cut on some 500 00O. 900 OF reve-
nue. by placing tea and coffee IN the free list
without the slightest possible benefit to single
consumer. That and other reductions and the
panic together. swept Off t44 900 900 Of revenue
In two years. from is72lo 1874 the revenue fell
OH sSo.OOO.OOO. IL might have boon expected
tnat tie party IN power would hive raiuppI ~ 4
pendltures. II did not. Instead. the oApcndi.
this sudden loss in revenue. and only re-
duced the next year 1874. as compared with
1872. about SO 00O. 900.
The departments did no better. Forecasting
expenditures in the autumn Of 1873. with u re-
auction in revenue OF tiO.0OOOOO in the fiscal
year Just past and so rapid reduction in the
current nscnl year that deficiency OF $4,000
QUO was predicted. the departments added TO
past estimates In years Of plenty s3i OO0.0OO in
their demands for the fiscal year 1875 or ti4-
100000 more than the estimated revenue OF that
finally collected. And yet for three years past.
while the House has attempted to make reduc-
tons. Republican, papers have rung with the
declaration that the departments must OF ne
Sessity know what money is needed for the pub
!ie , service, This vent on. The revenue from
toms and internal revenue receipts, fell.
yyy year by year forty -one thirty siS TWEEN:
estimates # a Republican Treasury De-
p pertinent. It's gnessses proved worse than
USELESS. NOtnln4 Dut the broad, liberal
margin squeezed out. Of the people over
and above the usual lavish expenditures
prevented bankruptcy. To its bonded debt and
current expenses the Government two years
ater the panic added the obligation contained
In its promise to redeem its demand notes Jan,
], 1879. Till the election OF Democratic House
congress did nothing. From the time when
Republican Congress made M the appropria-
tons for tho year 1874 10 the year when a Re
for 1876 the revenue fell OF $50 100000 but tie
appropriations were reduced less than $4,000
w. Neither TO Congress nor to the depart
ments did steadily diminishing taxes bring the
consciousness that expenditures should also
diminish. That pleasing correspondence be-
tween reduction in the burden of taxation
Hnd expenditure since. the panic. which Mr..
tried TO elect him. 4 Democratic House
came, in. Republican Secretary OF
the Treasury and Republican departments
presented estimates for 1877 $40 900. OOO larger
than the estimated receipts for 1871 and
S45.OOO.O 900 larger than those receipts proved to
De when that fiscal year was over. Reduction
was begun The House cut Off t2s. 900 600 from
the expenses of tho Government. II refused 10
eccede TO demands Tor extraordinary expenses.
A deficit was avoided. The accumulation OF
coin became possible. Through both sessions
the Forty-i0urth Congress persisted in this
policy. When the Forty-nfth Congress met II
was to be told BY a Republican Secretary OF the
Treasury that a reduction OF s.. 900 900 below
The point fixed by the Forty fourth at its first
session could be made without Gripping any
branch OF the public service Tho economy OF
a Democratic House. continued through two
years. has kept the expenditures OF the Govern
ment within It's lessened and essening income.
Republican eX-candidGte for the Presidency
parades the fact to-day.