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Mcconnelsville, Morgan County, Ohio
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This editorial presents a list of 'undisputed facts' criticizing Republican post-Civil War financial policies, including national bank costs, untaxed bonds, debt increases, high tariffs burdening the poor, excessive military spending, and mismanagement of revenues. It contrasts with Democratic efficiency and notes political troubles in Pennsylvania.
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Facts that Cannot be Disputed.
1. That the government is paying $30,000,000 per year for the national bank currency, when it could issue bank notes for nothing.
2. The federal government has power to tax the bonds the same as other property is taxed. This would yield a revenue of $50,000,000 per year, and save the people the tax on coffee, sugar, tea, and salt, but a republican congress has refused to do it.
3. Under the law as it stands, the ten-forty bonds are payable in gold and five-twenties in greenbacks, but the republicans have agreed to pay them both in gold, thus adding $600,000,000 to $800,000,000 to the national debt, besides violating pledged faith to the people.
4. The government is now paying $1.25 on the dollar for over-due bonds that are redeemable at par, which is simply stealing—no more nor less.
5. The present high protective tariff taxing goods not upon their value, which is the only fair rule, but upon their measurement and weight. Thus, the great burdens of government are laid upon the poor who consume the cheaper articles. The democratic tariff was ad valorem, and not specific.
6. Upon every article which comes in from abroad—tea, coffee, sugar, salt, clothing of all sorts, for men and women's wear, lumber, spices, jewelry, articles of necessity—there is now levied, on the average, the monstrous duty of forty-four per cent, in gold. Under an economical democratic administration ten to fifteen per cent would be sufficient.
7. The war closed in April, 1865, more than four years ago. In that time the taxes, collected from the people amount to nearly $2,000,000,000. This, if all applied to the national debt, would nearly have extinguished it, and yet, as it appears from the official reports, the debt was larger on Sept. 1, 1869, than it was on Sept. 1, 1865! What has the republican party done with the $2,000,000,000 since the war?
8. So entirely is the republican party under the domination of New England, that it allows the Yankee fishermen to have his salt free of duty for packing his codfish and mackerel, while the western farmer and dealer, who pack beef and pork, have to pay a duty of one hundred and ten per cent in that article.
9. The expenses of the army are estimated, for this year, in time of profound peace to be $93,000,000. During the last democratic administration the whole expenses of the government were only $70,000,000.
10. It is estimated that the receipts from internal revenue for the current fiscal year will be about $40,000,000 more than they were for the year ending in June last. The receipts from customs will also largely increase.
Considering what Sec. McCulloch had to pay on bounties, and for the purchase of Alaska, and for other objects for which Mr. Boutwell is not called on for a penny, in connection with the great increase in revenue for the present year, it may be safely predicted that Mr. Boutwell will not be able to give so good an account of his money as Mr. McCulloch did.
There is reason to believe that the government is now largely in arrears to the army, and that its indebtedness in this direction does not appear in the monthly statements of the treasury department.
A letter from Texas as in the Times, on yesterday, gave the proof for the statement that the government is in debt to the army in Texas $2,400,000. If payments to our troops and to contractors elsewhere have been permitted to fall behind at the same rate, the arrears supposing there are 40 regiments, would reach $16,000,000.
Sec. Boutwell does not believe that the rich are growing richer, and the poor poorer. During his recent visit to Groton he made it a point to inquire into the condition of the poorer classes. He found that they live better, have fewer mortgages and more money in the savings bank than they did before the war.
Groton is not the place to institute any inquiry into the condition of the poorer classes. It is one of the richest towns of Massachusetts. Nearly all the people are wealthy farmers, or retired business men, who are living upon incomes derived from their untaxed bonds. There is scarcely a poor man in the town, save a few farm laborers, and they are not likely to have many mortgages, nor much money in the savings bank. Mr. Boutwell should have extended his inquiries into the manufacturing cities.
The Pennsylvania radicals are in a great strait. They find the democratic tide too strong to be stemmed without the aid of the great Ulysses, and they have besought him to make them another visit, and he has consented. It is scarcely within the possibilities that he can save them from overwhelming defeat. He can say nothing do nothing to arrest their fate. The people have determined that Asa Packer, shall be the next Governor of the old Keystone, and therefore Ulysses Grant had better stay at home.
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Editorial Details
Primary Topic
Criticism Of Republican Financial And Tax Policies Post Civil War
Stance / Tone
Strongly Anti Republican, Pro Democratic
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