Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1880-10-14
Good financial Management.

Good financial Management.
The decrease of the burden of taxation
by means OF refundlng the National debt
al low rates of interest, is matter the
credit Of which belongs pretty exclusive
ly to the Republican party. AS constant
ly as capital has accumulated and conf
dence IN the disposition and ability Of the
Nation to pay of the gigantic debt which
was entailed upon US by the fratricidal
attempt to dismember the Union by vio-
len, means, has been estab ished, bonds
bearing high rate of interest have been
called in and have been replaced by those
bearing lower rate, and thus while the
debt itself was being diminished by the
application of surplus revenues, great
saving of interest has been effected. Ia
the money markets Of the world, the
credit OF the United States, under the
financial management of the Republican
party, has go appreciated that our
bonds could be negotiated at 5, at 4 q and
at per cent, and there is but little doubt
lower percentage, if it had not been for
the open opposition Of the Democrats in
Congress with which the rounding oper-
ations have all along had to contend.
And while this low rate has been attained
the premium for government bonds has
been constantly going up from par 10 s
s,NIt fgs>
have been funded, and from March l,
1869, TO J une | 1878. the monthly de.
crease in the interest rate sweled from six
or seven thousand dollars to more than
a million. The annual decrease in the
same time WAS from about seventy-hve
thousand to over twenty-five million; at
the same time, the total decrease Of
the principal ranged from less
than seven millions to over
three hundred and seventy mil
lions. Now, almost every month shows
q decrease of the debt of from eight to
twelve millions, and the National credit
is fully established. Has 1t not been this
policy, In spite of Democratic opposition
which has thus enhanced our countTy's
credit? Was not this enhancement of
credit the means by which Mr. SHERMAN
has succeeded in funding the balance of
outstanding and accessible per cent, g.
EOS INTO A per centsY The per cent
funded loan of 100000 900 is redeemsbe
at option after May l, 1891. Is it not
probable that The continuance of the
policy which created them, and which
policy is due only to the Republican
party, will readily enable such Republi-
can Administration IS JAMES A. GAR.
FIELD will make, to refund this large
sum into SO and perhaps 3 per cent.
bondsS Can it be done by the Democ-
racy? Win not ali the uncertainty to
follow the election of HANCOCK preclude
that desirable possibility There is also
q loan bearing per cent. issued in 1861,
which is redeemsble after January &c,
1881. It's total is $lS9,32l $50. Does any
one believe that the election Of the Demo-
cratic candidate will help Mr.. SHERMAN
TO negotiate the funding of this large
sum even in per cent? There is also
another loan 1853 of $50, 100000 redeem
able after June 30, 1881, viii Gen. HAN,
COCKS election facilitate funding into
Sls per cents. of this amount? These are
conundrums to be solved by the election
OF November next They are questions OF
vital Importance to our business interests,
and on tbs response to them by the coun-
try this fall must largely depend the con-
tinuance OF that era of National prosper.
ity which has been so auspiciousiy com
menced.