Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1879-06-20
RESULTS OF REPUBLICAN RIFLE


senator Morrill, of Vermont. is M
among the few frequent and br;II;o -
speakers in Congress. But he made ,
sturdy common-sensible speech las
wednesday, in which he reminded ~,
Democratic Senators of n fo,r -,
facts, that it is well to recall af fiji
Juheture. The Democratic orator l.
never tired of rolling over his toncro
IKE a sweet morsel, the pllrasa- sspo
Pupilc''h misrule, while the even more
,'becile financial policy" of successive
Republican administration. What are
the facts? On January 1, 1861, when
Buchanan held the White House, there
were many demands on the TreasurJ
for ordinary expenses which could not
be met, and $4,000, 900 were wanted as
the smallest amount which could pro-
tect the public credit on debts and in
.terest falling due January1, 1861. Pub
llc proposals for this amount were in
;,yited December IS, 1860, and offers
were received to the amount of 81 1881,
1900 at IL per cent. or less, and further
ITO the amount OF $465, 900 at rates rang
ing from Is per cent. to SO per cent.
All offers at - per cent. or less were
accepted, and those above rejected
In contrast with this low state of the
public credit under Democratic rule
the Republican administration since
March l, 1877, has sold bonds and ten
dollar certificates bearing only per
cent. interest, to the amount of $S46.-
!. VIZ, oOo, thereby effecting the heavy
annual reduction of coin interest to the
amount of S14,297,17 The charge for
annual interest was at its highest point
in 1875, and amounted to $3.50, 977 .697.-
81; but on the completion of the pres
ent funding operations it will be only
.$S3, 733, 1880. The reduction of debt,
less cash in the Treasury, for the same
time has been 1923, 249, 1924.
That does not look as though Repub-
'lican misrule" had injured the coun-
try very much. The fact is, as Sena-
tor Morrill, says, that the period during
(Which the Republican party has held
office and power has been the most
prosperous the country has ever en-
5oyesd When the Republican party
obtaine the lead there were thirty
TOUR States and five Territories contain |
ing population of 81 ,439,S9 persons, $
including 3,052,S01 slaves; while there I
are now thirty-eight States and eight I
territories, with a population which |
may be estimated at not less than y
4S, 900, 900, and no slaves. :
There were only 81 1886 miles of rail t
road III operation in 1861, which in 1877 |
had increased to 79.208 miles, the whole !
costing $4,1S0,191 1877. In 1878 there !,
were 2747 miles to be added, making a il
total railway mileage of 81 ,955. Pre- I
maturely built as many of these roads Il
were, yet they have i'm
reduced the cost of transnor-
portation. The charge in 1860 for a
Dushel of wheat from Chicago to New
DIRK by water was twenty-eight cents, ,
lnd is now eight and six-tenths cents n
IF by rail sixteen cents From st. G
louis to New York an exceptional con- II
ract has recently been made by rail .
Is low as seven cents per bushel. Our a
PRODUCTS, raw and manufactured, have b
vi vastly increased during the two h
lecades OF Republican supremacy =,
The volume of our exports and imports =,
las steadily enlarged. Our entire ex- II
'orts in 1860 amounted to 1916, 249, 423, C
Igainst $685., 749,938 in 1878. The i'm 1
'orts in 1860 were 1858 ,61G,619, against h
532 in 1878. The imports of IL
manufactured commodities in 1860 were in
'!4O,245, 702; land Notwithstanding the a.
huch larger population, the amount q,
n 1878 was no more than $273, 772 ,943. tt
ne excess of the exports of gold and IL
liver coin and bullion in 1860 over i'm te
'orts was $57 ,90G, 104, while it was only ~ -
'N-O5SAA ~ lOiC, WlIlC1 leaves almost Nh
ur entire production of both gold and al
liver for our own home consumption Ell
In the face of such showing, we are 60
Justified in saying with the Vermont pl
enator, that eff no greater achieve ell
ients nor greater growth can be point DC
d out in any other epoch in our his h hi
Dry, Notwithstanding the rebellion A
nd notwithstanding the universal de- of
ression since 1878 of the industries of IN
l,e entire world, it would seem a mar I Ia,
ell that the party which has been the la'
ne break upon our progress, and Pl
hose influence has prevented o. still
reater advance, should have the an w VI
lclty to denounce the guardians of all
le national life, and ask for the com an
lete control of the future destinies of wa
lie government. "-Bost0n TrageZIey. 1 Iei
eff
- hi
Between 1879 and 1876 there were de