Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1879-07-11
Results Of Republican Rule.

! ht l"tCh tl - major W lWlpnl, ucnEtTtu
recently in the I = Senate and printed in
the Congressional Record Of June 26th, is
worthy TO accompany that Of Senator Nor
rill as a source of information for voters
and students OF our political history. Mr..
Window first portrays the condition of
things during the last few months of Demo-
cratic rule in 1850 81 the secession of seven
States, the organization Of hostile govern
mcnt within our borders the seizure by the
rebels Of the national mints. custom houses,
arsenals and forts in the South, the disper-
sion Of our navy, AMI the impotency Of the
Democratic administration To do more than
proclaim the helplcssness of the country be-
fore its internal foes From these pcrilous
depths Of treason imbecililv and dishonor
has the country been gradually lifted by the
Republican party through Is years of inces-
SAINT struggle with the disorganizing and
dcmoralizing efforts of its rival.
Sunmarizin" the results of Democratic fl
nanccring. Mr. Window shows that the
Treasury notes issued under the at Of De
..
one year from date. were placed at rates
of interest varying from 6 to IL per cent
Only S1000O.O0O were disposed of, as
the propositions for additional loans
ranged from II to 36 per cent inter
est. and these uSurious offers were rejected.
The act of February g, 1861, authorized u
loan of 50. .0OO, ,0O0 al 6 per cent interest,
with 90 years TO run, but of these bonds less
than SIS. 500 600 were disposed of, and those
at an average rate If so. 10 per 800. The
national credit had sunk 81 low that in Jan
uary, 1861, the Secretary of the Treasury
suggested that the several States should be
asked to lend their credit to the government.
Now the nation which in 1860 could not bor-
row enough money for its current expendi-
lures at IL per cent interest. il selling its
per cent bonds At 103. In 1860. the Repuh-
lie was bcgsing for an indorser for its dis
honored credit in 1879, the financial world
is begging for a chance to buy its 1 per cent
bonds "If. in 1861. =" said Mr. Window, "a
per cent one-hundred-dollar bond, having
20 years to run, sold for $50 10, on the same
basis of investment a one-hundred-dollar Is
year per cent bond should now sell for only
S4s. 81, instead Of 5l03, the present market
price. The vcr,lic, of the financial world,
therefore, is that the credit of this nation has
advanced over 100 per cent under Repub-
can rule This statement, however, falls
very far short of the whole truth, for in 1860,
upon a proposed loan of 2j,OOO.OO0, only
SlS,415. 900 could he sold. while in 1879 Of
fers have been received amounting Ia over
$50. 900. 900 in IL single day" If it Is said
that this contrast is unfair because great
war was impending in 1860, the answer Is
obvious that both the war and the bankrupt
CIV were the fruits Of Democratic rule. Fur
thermore. from 1851 to 1861, in a time of
peace. Democracy trchled the National debt
to meet current expenditures while in the
last eighteen years RepublicaniSm has paid
at least three thousand millions of the cost
of saving the Union.
Mr.. Window proceeded to give re-
view of the astonishing material and
industrial progress under Republican rule.
1t appears that during the past IS years the
increase in the exports of bread and bread
stuifs has been GA per cent; of wheat and
wheat flour, 430 per cent; oi corn anu corn
meal, 1852 per cent; of provisions, S43 per
cent in production of pig iron. $50 per cent,
and of railroads bars $50 per cent; in post
office revenues. 2i3 per cent: in internal
commerce 600 per cent, while the popu
lation in that time has increased only about
80 per cent What story do these statistics
tell of faithful administration in the interest
of people. In an attempt to reply to Mr.
Window Mr.. salisbury OF Daleware ur-
wisely referred to the corruptions OF the
Republican party whereupon Mr.. Window
said to him: Three wears ago | had the
honor to ask the Senator from Delaware to
name single Republican official, whom the
thirty-thrcc Democratic investigating COM
mittees had proven to have stolen one dollar
from this government lie failed to do so AT
that time hc has hal three years to think
it over; | repeat the question" MIR. Sauls-
bury declining to name even single instance,
Mr.. Window repeated the challenge for the
benefit of the Democratic Senators in general,
inviting them To give the name of single
officer whom the Democrats, with their thirty
three investigating committees at Il cost of
more than a quarter Of million dollars, had
detected in dishonesty Not 4 name WAS given
him. lie then carried hS unhindness to the
verge Of cruelty 10y putting in 4 list OF Demo
cratic defaulierS in amounts exceeding So,
900 in connection with the various depart
menis of Government from 1880 to 1861,
aggregating the immense amount Of SlO,O92,.
92l.73 lie closed with statement show
ing a statement that the losses TO
the Government un,l,r JacASons AL
ministra,ion were S10.j5 per $1,000; un-
der Van Burpn's administration, sci 10 Per
81 900 under llarrison's administration,
$40. 81 per Il, 900; unler Polk's aiministra-
tion. SS.3i per = 900 under Taylor's and
Fillmore's administration, S16i per 81 900;
under Pierce. S5.S6; under Buchanan,
Sc 9S under Lincoln. II. Al; under John
son, As cents 3; under Grants first administra-
ton, 40 cents under Grants second admins
tration 26 cents These figures are not new.
but they are always interesting.
The whole speech makes Il significant COM
mcntary on the character oi the party which
is now striving tn grasp the rrins "t gov
crnment on the plea ol superior honesty,
wisdom and StaicnanSiip.