The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1879-07-31

with peculiar pleasure and gratitude this cordial
welcome home 1t would be insinCere In me TO
say that do not regard 1t as intended In part as
o personal compliment; but It's special Pignih-
canoe is that in this great citadel of Democracy,
the Upper Hooking Valley, the garrison is early
astir with prepa rations for the impending con-
ict.
The two chief parties which claim the suffrage
of the people of Ohio this fall fairly represent the
National parties of which they are important di.
visions. The Republicans, though not as outspo-
ken, perhaps, here in Ohio on the questions Of
finance and free elections 8s in the Eastern
States, reflect the average sentiment Of the whole
party; and the Ohio Democracy represents the
sentiment Of the oveIW helming majority of the
party throughout the country, as is shown by ev.
cry vote in both the Senate and House on every
phase of those questions The struggle, therefore,
in Ohio this year is one betweeB the dominating
ideas of the two great opposing parties on the up
permOst questions of the day; and chiefly to this
fact is due the great momentum Of influence
which IL everywhere conceded to it,
The Republican party enters the canvass
claiming to have administered the Government
economically, reduced the interest on the public
debt, and established specie payments and con-
fdenty demands new lease Of power as pub
lie benefactoT.
REPUBLICAN ECONOMY.
Letus see which ofthe two grestparties is most
entitled to credit for economy in public expend.
lures The Democracy for four years past has
held the House of Representatives, which con.
trolls the appropriations Of public money; and In
that time the appropriations for the expenses Of
the Government, exclusive of interest on the public
debt, have been 1904 $4,000. For the four years
preceding, during which the Republican party
ba
amounted TO $500 900; so that the control Of
one branch of Congress by the Democracy for
these four years has saved the people S&,720 900,
being an average Of over S2l 00O 900 year. Since
June 80, 1906 the people have paid "a 3l1 100000
in Federal lsxes and out of that vast sum but
1928 0000 900 have been applied to the principal of
the public debt. If the Republicans had been as
economical during the nine years preceding
1875 as the Democrats have forced them to be
since then. the public debt would have been re-
duCed S345 100000 more without imposing one
dollar of additional taxes on the people. The
S21 900, 900 year saved since 1875 by the Demo-
cratic House have been saved in spite of the most
vehement and determined resistance Of the Ad-
minietration and the Senate; and 1t never would
have been saved at all had not the people at last
disregarded the hOws about the alleged treason
able purposes Of the Democracy which have
formed the campaign arguments OF the Republic
cans since the war.
We have here an illustration, fell0w-citzenE Of
the necessity of frequent changes of Adn inistra'
tion. Reform of extravaganza and abuses can
only be secured by such changes. In the flush
times Of Grant and Boss Shepherd, the Hon. Proc.
tor Knott asked leave TO introduce bill TO pay
salaries to the cast iron boys, which are the
| hitching posts along the avenues, saying they
we're the only fellows in the District not salariedl
| The constant tendency OF every branch and twig
| and eahet OF the public service Is toward
| growth OF patronage and power, Every subordi-
| nate finds need of some subordinate under him,
every division is struggling to become bureau,
h,,ra an IN q tnnaD htu taV1
dency stipulated by the enormous revenues of the
Government during the prosperous times follow
ing the war, unchecked by formidable opposition
encouraged by the desire Of the Republican par
ty to magnify the General Government which II
seemed to hold under lease for ninety.nine
years, renewable forever, has been only In part
arrested by the election Of Democratic Con-
gress Neither the House nor the Senate can en-
force thorough economy in the public service In
opposition to the Executive Departments, and O.
complete change of Administration is therefore
indispensable to cut down public expenditures
to the limits Of economical efficiency. The an
nual expenses of the Federal Government In
1877, for all purposes except public debt and PEN
sions were S114 900 600 nearly twice as great as
for the year 1850 when they were but $50 900 900,
It Is true, the population Of the country increased
in that II years nearly so per cent? but, admit.
ting (Which is not the tact) that tre expenses of
the Government muht increase In the ratio of the
increase of population, those expenses for 1877
were 1927 100000 greater than they SHOULD have
been In the ratio OF the expenses Of 1850, anG
this 100 alter the Democratic Congress had,
made every reduction which the heads OF De-
partments could be driven TO-. change OF Ad-
ministratiOn will demonstrate that further very
large reduction can he made, to the relief Of tax
payers and the publication of the public service.
REPUBLICAN FUNDING-TTs CosT-THE DEBT M
CREASED.
Mr.. Sherman claims great credit for having
successfully iunded $4,000 900 of the public debt
into five four and half and four per cent bonds
since March A. 1877, reducing the interest paid by
the Government about $40 900, 900 year. 1t sp-
pears. however, blythe finance report, that the in
terest on the public debt paid in 1877 was S97 24
OOO and last ear S1O25 500 OOO and this year $685.
100000 In other words in 1878 and 1879 over
thirteen millions more of interest on the debt has
been paid than when Mr.. Sherman took charge
Of the funding operation. That large sum tB
what the operation cost. 1t is made up Of bonus
es In the shape OF double interest, and OF COM
missions paid to the syndicate, Meantime MI
sherman has increased the principal ofthe bond.
ed debt $50 000 900. 1t will take the savings of
interest by refunding for eight or ten years to
pay off this increased bonded debt, aud the bo'
muses. and double interest," and get even on the
entire operation.
Why have American capitalists bought the
four per cent bonds? 1t is because they are prae'
tcally 6% per cent. bonds, being exempt from
about 215 per cent Of taxes which other property
pavs. and because the Industries Of the country
have been so broken down that capital had bet
ter get 81 per cent. assured by the Government
than risk an investment in almost any INDUSTRIAL
pursuit. Is 1t great achievement 70 have INDUS
tries perish for want OF money, in order that 1t
may Ho into untaxed Government bonds2 ad-
nit the detirability OF having our debt help at
home so far as prosperous business leaves sur
plus for investment but the readiness with
which hundreds of millions Of money, heretofore
employed In industrial pursuits, has been turneo
into these bonds, is only symptom OF tne NOUS,
trial congestion which has drawn the lie Diooo
OF business from the exremities OF the heart and
refuses to send 1t back to give life an9 nrepgth
to the body, Suppose MithoH and Whitley here
In Lancaster should close their shops and turn
out Of employment severm nunoreo % men Spo iIs M,
YOU feel that to be an evidence OF public pros
| perItyH Would you throw up your hat tor MI.
| Sherman and his funding schemef Yet that is
| Just what has been done all over the United
States. Silent mills, hIeless furnaces. scanty
wages, want of work, swarms OF tramps, all attest
| the success Of Mr.. sherman in so shrinking and
| diminishing the business OF the country, the va
ges Of workingmen, and the profits OF capitalists
engaged In productive industry, that money, &C
cum1lahng In hOrdes and fearful Of all other in-
vestments, was eager 10 take the 81 per cent. Of
interest and exemption offered BY the Govern
ment rather than embark on the dead sea of In
dustry / venture to say that the people Of the
United states have lost in aggre wealth in the
past five years through the prostration Of indus
tries brought about by the Republican finance
policy, three or four hundred times more than
the nominal annual saving of interest which MT
Sherman will accomplish by his boasted funding.
Furthermore, fellow citizens, assert and am
able to prove, that after all Of the iorty.thHee
hundred millions ,of taxes paid by the people
since 1866 after the nominal reduction OF the
public debt, S52S 900; and after the refuhdiDg
50 far accomplished the public debt Of the United
States to- day Ia far greater effective burden on
the people than 1t was before the first dollar Of II
was paid. Measure II by the things which have
to be sold TO pay it-by pork, corn, wheat, beef
horses, labor 1t takes 50 per cent. more Of labor
or land or products to pay the interest to-day
than 1t took FIVE years ago.
How ls the country benefited by nominal re
ductlon on ten millions of interest, when the re
duction has been accomplished only by adding