The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1879-07-25
THE OHIO CAMPAIGN.
GENERAL THOMAS EWING TALKS POLITICS TO
HIS NEIGHBoRS.

GENERAL THOMAS EWING TALKS POLITICS TO
HIS NEIGHBOURS
LANCASTER. July "a. 1870
General Thomas Ewing, the democratic candidate
for Governor, this evening addressed large gather
ing of his friends and neghbors on the political
questions which divide the two great parties in the
present struggle He said
The republican party enters the canvass claiming
to have administered the government economically.
reduced the interest on the public debt and estab-
lished specie payments. and confidently demands o
lease of power rs public benefactor. Let
to credit for economy in public expenditures The
democracy for four years past has held the House of
OF public money; and in that time the appro-
priations for the expenses OF the govern
ment. exclusive Of .o Interest a,n est on the public
years preceding, during which the repub-
hcan party controlled appropriations, the same
penses amounted to SG99339 OU0; that the control
of branch OF Congress by the democracy for these
four years has saved the people $S4 900, being
avcraeesof over $2l 100000 year. Since juno 80.
1866. the people have paid 311 900 900 in federal
taxes and out OF that vast sum but $6 900 have
boon applied TO the principal of the public debt II the
years preceding 1875 the democrats have forced
hem to be since then. the public debt would have
been reduced three hundred and forty-hvc millions
more, without imposing one dollar OF additional
taxes the people. The $2l 100000 year saved
since 1875 by the democratic House have been saved
in spite OF the most vehement and determined
sstance OF the administration and the Senate. and IL
would been saved at all had not the peo-
pie ut last disregarded the howls about the alleged
Acknowledgements of the democracy which have
formed the campaign arguments of the republicans
since the
REPUBLICAN Fuxp1NG--Trs cogr-THE DEBT INCREASED.
Mr.. Sherman claims great credit for having sue
cessfully funded sS47 OF the public debt into
five four and half and four per cent bonds since
March 1, 1877 reducing the interest paid by the
government about sl0,O00.0OO year. 1t appears.
the public debt paid in 1877 $97 2OO. and last
year S102,5OO.0Uo. and this year $l05OOO.0O0. In
other words, 1878 and 1879 $13. 000,UO0
interest the debt has been paid than MT.
Sherman took charge OF the funding operation.
That largo sum is what the operation cost
1t Is mado up of bonuses Ia the shape
Of public interest, and of commissions paid
| to the syndicate Meantime Mr.. Sherman
| has increased the sprincipal OF the bonded debt
ss6.o0o.0vo. IL will take the savings OF interest by
refunding for eight ten years to pay of Lhis in
creased 10 nded debt and the bonuses and double
! interest and get the entire operation. How
il the country benefited by nominal reduction
of ten millions OF interest, when the reduction has
been accomplished only by adding fifty per cent to
the amount of labor or property which it takes to
| pay 1t?
! GOLD PRICES LABOR AND PRODUCTS INFLA-
DEBTS AND TAxIs
| Tho next great achievement OF the republican
party has been the accomplishment of gold resunip-
ton. Do you recoicct, my friends what Mr.. SHEER
| man promised You year ago here Oh Wheeling
street tho lit OF resumption That gold would
How out in circulation aud that We would have a
fuller volume OF money actually current and con-
sequently general restoration of prosperity? Well
we have had gold resumption for over six months
past. W. have had. moreover, for three years past
two unparalleled favorable coiilcdences-
| crops at home and great foreign demand for our
surplus. The republican party did not give us
! these two blessings. kind Providence, looking
| down IN pity tho industrial distress inflicted
by ingenuity of theorists and usurers, relieved
| lis aspcrity by bounteous harvcsts at home and
eager markets abroad. But for scf-infctcd
troubles these great crops would have iusnod oui
country with cxubcrant prosperity But In spite OF
these GOOD providcnccs. in contradiction OF all tht
pledges of gold uInptonists, which led the peo
| Die 10 y patient but longing endurance OF theil
trial = the promised prosperity has not come. The
paper dollar equal 90 the gold dollar, but the gold
dollar Is npeniousiy kept boarded In the Treasury
The oney actually current Is no greater now II ~
debt you owe still notties you. Every
large debt still threatens you with the LOST
| OF your home, your farm, your factory. or your