Year: 1868

The last report adds ten millions to It's
total; and, while this is probably Fictitious
it is clear that there has been no diminu-
tion since the 1st of January.


The reserve Of coin In the treasury has
already begun to decline. 1t has exceeded
one hundred millions net; it is now but
seventy millions in excess of the outstand-
ing gold certificates This is to be drawn
down directly by the payment of eight
millions of Mexican war debt, thirty mil
lions ofinterest, and, probably, seven mil
lions of purchase money for Alaska. 1t
is not probable that there will be fifty mil
lions of coin in the Treasury ON the 4th
of July next above the amount deposit ed
there by private owners AID balanced by
gold certificates of deposit. And it is
morally certain that the debt will be heav-
ier four months hence than it is to-day"


We presume that the foregoing state
ments are about correct. Yet what steps
have the radical party taken towards re-
trenchmant and economy? That other
able republican paper, the New York
Times, we'll remarks:


Everybody knows that upon the eve
of an important election rival parties vie
with each other very briskly in promising
reforms. In this sense the presidential
campaign may be said to have opened al
ready. The republicans are
in power, and can at once inaugurate these
great reforms. They may not be able to
thoroughly accomplish all of them, but
they can do enough to show that are earn
est and sincere in promising them. They
have the decided advantage Of their oppo-
nents in this respect. They need not re-
spect. They need not rely on mere prom
ises--they can give practical proof of their
purpose to carry them effect. Let them not
neglect to take advantage Of their oppor-
tunity."


How have they taken advantage of the
opportunity to inaugurate great reforms "
and "give practical proof of their purpose
to carry them into effect ?" We will let
the same republican paper tell:


"The fact that congress, under present
circumstances, is willing even to entertain
a proposition to lend fifteen millions of
dollars to aid in opening tunnel for gold
mining in Neyada-the whole affair being
private propety-is not encouraging.
Why should it not lead money to estab-
lsh paper mill or a cotton factory, just
as we'll Setting aside the fact (Which
congress ought never to forget) that the
financial condition of the country renders
all such schemes preposterous aud unwisc,
the fundamental principle that the gov
ernment should confnc its action rigidly
to matters in which the public interest is
directly involved, is violated by the bill in
question"


In every direction, congress has increas-
ed instead of reducing the expenses of the
government. In the face of steadily In
creasiDg debt, Gen. Grant recommended
the keeping up of a large standing army
Of 81 $50 men, beside the miscellaneous
and reserve corps, and an increa sc of
thirty-tbree and one-third per cent in the
salary of the officers, and congress bows
subseryient to his will. Millions after
millions are spent to feed and clothc the
lazy negroes of the south, who never vii
will work az long as they can get along
without, and to pay the salaries of freed
mems bureau agents. Reconstruction
costs hundreds Of millions of the people,
money. The huge folly Of impeachmeu
has taken a big pile out of the publi'
treasury. And SO we go, from bad t,
worse, every day squanderiug the nationa
funds and increasing the national debt
Is it not time for the people to pause ant
think, and seriously ask themselves how
long we can stand this state of affairs


When and where is it to stop Let no
the honest yeomanry of the land deceiv,
themselves. These extravagances, cor
ruption and wasteful expenditure of tn,
peoples money never will stop as long a
radicalism holds power, but will keep in
creaSing every day. The fresh batch o


lank and hungry cormorants that recon
struction is throwing into the senate an,


house will fasten themselves like leeche


upon the public treasury, and suck tn


very life blood of the nation. The onl


hope Of the country lies in the installation


of the democratic party in power, Thel
extravaganza will cease. Then corruption


will be throttled. Then the wasteful ex


penditure of the peoples money will


stopped. Then economy, retrenchmen


and reform will bo installed as the rulin


principles, and the old ship of state place