The Republican. [volume] (Oakland, Md.) 1877-current, 1880-08-14
Business Records Of Parties.

0uC4AVO0 xeVOOIuD VI / dA UlOCs
The statement of Internal Revenue
Commissioner Raum in regard to the
cost Of the collection Of revenue in
his department during the last fi-cal
year, and during the four years ends
ing July L, furnishes a most substan-
tial proof that the confidence which
the people have in the economic,
careful and honest administra ton of
public affairs under the rule of the
Republican party is not misplaced.
The 1923. 000,0 collected from our
internal revenues during the past
year has been turned into the treas
ury without the loss of a single dol.
lar. The defalcatlons of revenue
officials have been very few and for
small amounts, which have all been
made good by their sureties. In four
years TIE internal revenue has
amounted to over 1857 900, 000-near-
ly a fourth of the entire national
debt-and Of this not a dollar has
been lost to the government through
the knavery or carelessness of Off
Gals, or from any other cause.
Official reports show that there is no
other nation in the world, any de-
partment of whose civil cerylce can
show such record as this. The cost
of the collection of this immense
revenue, including the expenses con-
nected with the crushing of the illicit
dlstillery Enthusiastically confined
to the Southern States-was but 80
per cent. In 1879 the cost vast 81 per
cent, either figures being proportion.
ally less than in any previous years,
while formerly the proportionate cost
was VIGOROUSLY excessive. That the
service has been efficient as we'll as
honest is shown by the fact, notwith-
standing the reduction of the tax on
tobacco, the amount collected is
greater bv S10,000.OO0 than that for
1879. and is in excess of the estimates
of the department.
These figures contrast very favor
ably with the public revenue satisfies
under Democratic administrations.
During General Jackson's admistra-
ton $10.15 out OF every 1000. were
stolen from the public revenue dur.
ing Harrison's AID Tylers's, S1O.37;
during Folks, 1884 during Pierce's,
$5.l6, and during Buchanan's, 81.
On the other hand, the amount lost
during Linc0ln's administration was
but S1.41 per 81 900. In Grants first
term the balance unaccounted for was
reduced to 40 cents, and in his second
term to %, while during the first
years of Hayes administration the
loss was but 20 cents per 81 900. The
difference in financial management
under Democratic and Republican
adm Illustrations is, however, not con-
fined to the collection of revenues.
Under the Republicans purchases of
bonds are made solely from thu sur
plus revenues of the government.
Before 1860. bonds having many
years yet to run were purchased at
high premiums from the balances i'm
the treasury laid by for current ex-
penses. In this way this balance was
reduced from $50, 900. 900 in 1853 to
$500 900 in 1858 and in 1859, within
fifty days from the date of the last
purchase, at 16 per Get. premium, of
bonds having ten years to run, the
government was forced to meet cur
rent expenses by new issue of in
terest- bearing Treasury notes. 1t
was these enormous losses and costs
in the collection of revenues, deflcits
following each other year after year.
and continual blunders in financial
management, that broke down the
public credit before the war, so that
rates of interest now legal in no State
in the Union had to be paid on public
loans while now the public credit
is so high that there would be no
difficulty in refunding outstanding
bonds at 81 per cent, which is very
nearly the actual rate on A and d per
cent. at their present market rates.
Those Democrats who feign to be-