Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1878-10-02

Cne peflOG OF DcflOcratlc aSceiiancs), wa
two dollars and nine cents (2.09); whilst from
1851 to 1875 (the period of Republican sscen-
da new, the average annual loss on each thou.
sand dollars of revenue, was only Nafy.fot'
ce1,fsi i have not been able to Law my hands on
any official repor, later than 1873; bu. We have
no Tears for the present administration. II
there ever was an honest and patriotic man in
the Presidential chair, that man is President
Hayes. II strikes this nonstrous dis
crepancy between the officially recorded facts
and Mr.. Spe-r's estimates evinces not only q
want OF candor on his part, but q wilful pur-
pose 20 deceive,
Everybody knows our Democratic friends
are great on ECONOMY, retrerchment aud re-
form" when they are out of power and office;
and especially on the eve of elections. Unior-
tunstely, when they get elected they seem 10
forget and repudiate all their fair promises.
To say the least, it is unwise in them 10 ehal-
leDge any investigation or comparison on this
subject
Take the City of New York for example and
illustration. The Democratic party has un-
limited control OF the Government In all It's
branches, aud has had for years. AS a result
the debt of that city, by recent official report.
was Sl5y. .623 ,39i.7, which. after deducting
their sinking fund of S2S 509. .4s5.03, leaves the
actual debt slSl, ,ll3, ,9O6.74; which approx
mates Sl50 head for every man, woman and
child in the city. For years past, until very
recently. this enormous debt has been increas-
ing at the rate of about Sll 200, 900 annually.
Here is where Tweed anu his coniederates
fourished, aud stole $50, ,000, 900; and when
discovered and exposed, his party rose up in
his defense, and not only nominated, but ac-
tualiv elected him TO the State Senate by
l2-000 majority; aud not satisfied with this EN-
phaiic endorsement, they Bctually got up a
subscription paper TO build him a monument.
There was at least some pro2riety In this last
move, for he certainly WAS the most monument
tai thief and scouncrel this country has ever
produced. / am not aware that the design or
material for this monument were ever deter
mined upon, but it is manifest that the mate
rial should have been brass. Here is a genuine
specimen OF unauthorized Democratic "econ-
omy, retrenchment and rerorm." 1t shows
what the party eau DO when IL has fair
chance.
For another instance; lake the State of Mis-
souri,. There the Republicans were in power
several years after the war, and had the
finances and credit Of the State in good shape.
A few Years since the Democrats acquired con-
troll, and already there is a defalcation of some
$500, 900 in the State Treasury; and because of
il, payment OF the Staie interest is suspended,
aud the good people of Missouri realizing
the piratical operations OF Democratic ''econ-
omy, retrenchment aud REFORM" But we need
not 20 to other States for examples.
Pennsylvania has had some sad experiences
in these matters, which she is not likely TO for
get. Prior to 1850 the Democratic party WELD
ed almost uninterrupted power, in both the
State and National Governments, for nearly
thirty years. As result they piled upon 4
State debt of over $40, 900 O0O. When the Re-
publican party came into power over S2O,OOO,-
go of this debt mad matured and been dishon-
ored. We have been in power nearly ever
since, have made provision for all overdue
bonds have paid of about $50, 200 eco of the
debt, haze some Sl2 900 900 more IN the Sink
ing Fund, aud Tor the residue have caused
the interest to be reduced from six to
i've per cent., aud more than ten years ago
took of all State taxes from real estate. Dur
ing all this time these blatant refOrmers have
been charging US with embt zzlcmeut and dis
honesty in our management OF the State Treas
uTy, and threatening frightful revelations of
fraud and corruption when they got into power.
Last May the Treasury Department passed
into their hands, and alter carefully looking
into everything for several months, the Demo-
cratic State Treasurer published a report that
he found everything ia good shape, and no
emhezzlemcnt or jcfalcation there. About that
time, however, it came to light that away back
under a Democratic administration, there had
occurred what appeared to be an oyer-iSsue of
Si00, ,0O of bonds; aud which were unaccOunt-
cd for. They seem 10 have been deposited in q
bank, not a lawful depository Of State funds;
anu II ADOhe NcfF aS II stdl- ltNdelEN
woul1 sudcr Dy this transaction. Time will
show; but at present the fraud aud defalcation
boot is on the other le-; and the friends OF
those under whom the ysteTy occurred are en-
titled to the floor for explanations
How the Natiouai finances were managed
during this same period is simple matter of
history. At the close of Buchaaan's admins
iratiou the credit of the National Government
was SO low and demoraiized that all tGe ordi-
nary means aud appliances were found in
adequate TO borrow or procure money on the
National credit. Special agents were appointed
aUd sent abroad to other nations 10 beg or bor-
row money to carry ON the Government: and
so prostratei was the National credit That il
actually WAS compelled To pay twelve per cent.
for money 10 meet ordinary expenses; and this,
too, in a time oi peace Hsfe was Democratic
fiuanc.eriug, practically illustrated, with a
Vengeance. The Republican party came into
power in 1861, with the National credit thus
run down and destroyed by Democratic in
com mpeteHcy; and with a humber OF the Demo
cratic States claiming to have seeded from the
Union. TIE rebellion had already begun. aud
II continued Tor Tour years: aud the emergen-
cies of the war were such that hundreds OF
millions OF dollars had Ia be borrowed. And
yet during all tLiS Iime the credit OF the Gov
erBineut Was sustained, 80 that seven and three
teuths per ceut. interest Was the highest rate
ever paid, and this Tor only small amounts;
whilst nearly all the vast millions expended Tor
the war procured 1t Fix per cent. Since
the war nearly a Thousand millions Of the war
deUt have been paid oil; aud We are no. refund
ing the residue Ia four per cent. bonds AZ the rate
OF twenty-five millions OF dollars (SI5, zoo OUJ)
per month; after having reduced the nigh taxes
OF the war, from SiSS 20, ,465 in 1865, 10
$40. 81 .3J4 in 1873. Inis - history, anu very
recent history, too; and yet In the face Of IL the
Democratic party has the folly aud brazen i'm
pudcuce to challenge comparisons, aud to de-
nUunce the Republican parry Tor financial i'll
competency aud dishonesty.
the last Presidential election was run as q
''reiorin" campaign. Hosts of hungry dele
gate. from the South attended tie National
Democratic Convention, and Tilden's friends
boosted they took with them from New York
- barrel OF money" Wnen the hungry dele
gates and the barrel oil money came together
the nomination was soon cOUsummated, and
" Illien and Reforia" became the Tallyiug cry
from that day forth. Under this battle cry
they ruthlessly trampled under foot the most
sacred constitutional rights of the citizen, and
resolved aud labOred to carry South Carolina
with rifle clubs, Mississippi aud Louisiana with
intimidation and violence, and OHIO aud New
York with all the mercenary machinery Gnd
appliances known TO unprincipled political drs-
perAdoes aud Oallot-bON stuiIers. When, after
al! this, they found themselves defeated, on a
Ielegra phic arrangement with Tildrn's nephew
and private secretary, they deposited eight
thousand dollars in bAuk to suOOrn and pur
chase Republican elector OF Oregon, known
To have been lawfully chosen on the Republican
ticket by over 4 thousand majoTiiy. Faiiiu,
in all these virtunus efforts they ned