Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1879-08-01
DEMOCRATIC DOCTRINE.
Gen. Ewing Gives the Key
note to the Ohio
Campaign.
A Forcible Exposition Of the
Republican Record Of
Destruction.

reached Lancaster this evening at eight
o'clock, end was received at the depot
by large delegation of citizens of Lam
caster AID the surrounding towns.
Judge Silas II. Wright made brief in
troductory speech Of welcome, and Gen.
Ewing, after few Introductory re-
marks, said; "The two chief parties
which claimed the SURFACES Of the peo'
pie OF Ohio this fall fairly represent the
national parties OF which they are inn
portant divisions. The republicans
though not MS outspoken perhaps here
IN Ohio on the questions OF finance and
free elections as in tbs eastern states
reflect the average sentiment Of the
whole party. The Ohio democracy
represents the sentiment Of the over.
whelming majority ofthe party through.
out the country, as is shown by every
vote in both the senate and house on
every place Of these questions. The
struggle. therefore, in Ohio this year IL
one between the denominat-
ing ideas Of the two great
opposing parties upon tho uppermosi
questions of the day, and chiefly to
this fact is due the great moMentus oil
influence which is every where CON
coded to it. The republican party en-.
tiers tho canvass claiming to have adj
ministcred the government economi'
cally, reduced the interest on the pub.
lie debt and established specie payment
and confidently demands new lease
OF power AZ n public benefactor.
MN. I'm ,,p,,ocu Ir,c tonA.o..v mo oIyrn
Let us see which of the great parties
is entitled to credit for economy u pub
lie expenditures. Tho democracy for
four years past has held the house Of
representatives, which controls the APP
preparation Of public money, and in
that time appropriations for the expen.
SEES OF the government, exclusive Of in.
terest on the public debt, have been
1904 900. For four years preced-
ing, during which tho republican party
controlled the appropriations, the same
expenses amounted to $G08, 1886, 900, 80
that the control of one branch Of con-
gress by the democracy for those four
years has saved tho people $84.720, 600,
being an average Of over $21 100000 u
year. Since June 80, 1866, the people
have paid 1871 100000 in federal
taxes, and out of that sum but $685..
100000 have been applied to the prn.
cipal Of the public debt. IL the rcpub-
leans had been rs economical during
the years preceding 1870 M the demo.
Gratis have forced them to be since then,
the public dobt would have been re-
ducod $345,000,000 moro, without i'm.
posing ono dollar of additional taxes
ON the people. The $2l ,00O, 900 u yeur
saved since 1876 by the democratic
house have been saved in spite Of tho
most vehement and determined resist
ance OF the administration and senate,
and il mover would have been saved ut
oil had not tho people at last disrc-
gardod the howls about the alleged
reasonable purposes of tho democracy,
which have formed tho campaign mr.
guments Of tho republicans sinoe tho
war.
He claimed this rs mn illustration of
tho necessity Of frequent changes IN the
administration. Reform of extrava-
gance and abuses Gun only DO secured
by such changes Mr.. sherman claims
great credit for having successfully
funded $i7 100000 of the public debt
into 8, a and per cent. bonds since
March 4, 1873, reducing tho interest
paid by tho government about $40, 000,-
600. ltappears, however, by the finance
report that the interest ON the public
debt paid in 1877 was s07 ,l24 900, and
last year $l02,600,000, and this year
$l05, 100000 In other words, in 1878
and 1870 over $l3,000,000 more Of in
terest on the debt have been paid than
when Mr.. Sherman took charge of tho
operation. That largo sum Is
what the operation cost. II is made up
of bonuses in the shape Of double inter.
est and on commissions paid to syndi-
Gates. Meantime Mr.. Sherman has
increased tho principal Of the bonded
debt s6,000000. It will take the
savings Of interest by refunding eight
or ten years to pay this increased
bonded debt and bonuses, and double
interest and GET even on tho entil o
operation. Why have American CAPT
talists bought 4 per cent. bondsp II
is because they are practically 81 per
CcAt, DpHun, DulHb tA0hpl lOl hNout q
per cent. OF taxes which other property
pays, and because the industries OF the
country have been so broken down that
capital had better get 6l per
cent. assured by the govern.
ment than risk an investment
in almost any industrial pursuit ?!
uSTAXEp WEALTH.
Is II great achievement to have in
dustries perish for want Of money, in
order that it may go to untaxed gov
eminent bonds2 / admit the desirable
ity Of having our debt held at home, no
far ns prosperous business leaves SUR
plus FOR investment; but the readiness
with which hundreds of millions Of
money heretofore employed in indus
trial pursuits has been turned into
these bonds is only symptom of the
industrial congestion which has drawn
the life.blood Of business from the OK.
tremities to the heart and refuses to
send il back to give life and strength to
the body. l venture to say that the
people of tho United States have lost in
the aggregate wealth in the past five
years. through prostration of industries
brought about by the republican iinanc,
,.AIs,,, h,,,.lraI -