REPUBLICAN ECONOMY. PAYING OFF THE DEMOCRATIC PUBLIC DEBT! p ,611,034,754,43!!! GREAT REDUCTION OF TAXES! IMPORTANT FACTS FROM OFFICIAL SOURCESt When the Kepublican party came into power, in 1861, they found a tremend¬ ous Democratic rebellion on their hands, a rebellion which the Democratic party had been thirty years threatening and four years organizing. This unjust and wicked war begun in the interest of slavery, and its terrible burden of debt and taxation is the legacy which the Democratic administration of James Buchanan bequeathed to the Republican party. They accepted the bequest from necessity, and went to work with heroic energy and unparalleled patriotism to discharge the terrible trust thus imposed upon them by the ene¬ mies of the country. After four years of bloody war, in which three hundred thousand patriots sacrificed their lives, an equal number were maimed for life, and a million of widows and orphans made, the loyal men who are now acting with the Repub¬ lican party put down the rebellion and saved the Government. In accomplishing this greatest and holiest work that ever patriots undertook, beside the sacrifice of life and limb it involved, and the misery it brought into every family in the land, they were compelled to expend thousands of millions of dollars. The following tables, compiled from the Annual Reports of the Secretary of the Treasury, and that of Mr. Treasurer Spinner, one of the most faithful, effi¬ cient, and competent officers in the Government service, will exhibit at a glance the whole cost of the great Democratic Rebellion, from what sources the iRoney ^yas drawn, and how it has been expended. We challenge for it th.9 closest scrutiny: EXPENDITTJEE OF THE WAR DEPARTMENT. Z 8o0, Buchanan’s last year. $16,409,737 00 1861, Lincoln's 1st year 186^, “ 2d ■ 1863, 3d 1864, “ 4th 1865, Johnson’s 1st 1866, “ 2d a 1867, 1868, 3d 4th a ti u li u i! $22,981,150 44 394,368,407 36 599,298,600 83 690,791,842 97 1,031,323,360 79 284,449,701 82 95,224,415 63 56,713,410 00 Total for eight years, $3,175,150,889 84 EXPENDITURE OF THE NAVY DEPARTMENT. 1860, Buchanan’s last * year. $11,514,964 96 1861, Lincoln’s 1st year 1862, “ 2d 1863, 3d 1864, “ 4th 1865, Johnson’s 1st 1866, 2d “ 3d 1867. 1868, a 4th < i ft i( a < i (i a $12,420,887 67 42;668,277 09 63,221,963 64 85,725,994 67 122,612,945 29 43,324,118 52 31,034,011 04 25,775,502 00 Total expenditure for the Army and Navy. Deduct expense of War and Navy Departments in times of peace—$28,000,000 a year, or for 8 years. 426,783,699 92 3,175,150,889 84 $3,601,934,589 76 224,000,000 00 $3,377,934,589 76 Total expense of Army and Navy during the war. $3,377,934,589 76 Thus it will be seen that it has cost the people THEEE THOUSAND THREE HUNDRED AND SEVENTY-SEVEN MILLIONS NINE HUNDRED AND THIRTY-EOUR THOUSAND FIVE HUNDRED AND EIGHTY-NINE DOLLARS fo save their Government from the treas- jrMble conspiracy of the Democratie party. When the war closed in 1865, the national debt w’as $2,757,253,427, shotving that while prosecuting the war for :he Union the Republicans had actually paid of this expense $620,681,102 76, (SIX HUNDRED AND TWENTY MILLIONS SIX HUNDRED AND EIGHTY-ONE THOUSAND ONE HUNDRED AND SIXTY-TWO DOLLARS AND SEVENTY-SIX CENTS!) Else this national debt would just that amount larger than it is now, and the people would be compelled to pay $37,000,000 (THIRTY-SEVEN MILLIONS OF DOLLARS) of Taxes annually more than they now pay. But since that time the Public debt has been largely diminished, as the following comparisons will show : Debt July 31, 1865. $2,757,253,427 00 Debt July 31, 1868. 2,490,324,843 00 Amount of debt paid since 1865. $266,928,584 00 Pail during the war. 620,681,162 76 Total amount paid since the war begun. $887,609,746 76 Let it he kept constantly before the Taxpayers of this country that the Republi¬ can party not only carried on this bloody four years’ war begun by the Democ¬ racy against the Union, hut that they paid from the receipts they provided measures for bringing into the Treasury more than EIGHT HUNDRED AND EIGHTY-SEVEN MILLIONS OF' DOLLARS, saving to the people the interest on this vast sum, which would amount to more than FIFTY MIL- LIONS OF DOLLARS A YEAR. Thus they are rapidly paying off this Democratic National Debt, and every year lessening the amount of taxation for interest. But this is very far from being the full amount paid by the Republi- ncan party since they came into power. In addition to this vast sum of $887y- I 3 <6095746 76, they have paid the following enormous sums in mterest on tki DEMOCRATIC NATIONAL DEBT: 186G. 133,067,741 67 1867. 143,781,591 91 18G8. 141,635,551 13 3862 . $13,190,324 45 3863 . 24,720,846 58 1864. 53,685,421 69 3865. 77,397,712 00 Total amount of interest paid. $587,479,189 47 Add amount paid on principal of debt. 887,609,746 76 Total amount of principal and interest paid.$1,475,088,936 IG AGGREGATE PAYMENTS FOR EIGHT YEARS. Nor is this all. In addition even to these enormous payments, they har^ paid the still further amount for Pensions and Indians, exhibited in the follow ing table:— (See Secretary’s Report for 1862-’68, inclusive.') 1862, Pensions and Indians. $3,102,985 50 1863, 1864, 1865, 1866, 1867, 1868, (( (< (< a (< < t n u a estimated 5,982,906 42 7,840,314 81 14,258,575 36 18,852,416 91 25,579,063 48 30,000,000 00 Total in pensions, &c., in seven years. $105,616,282 50 Add amount paid on public debt. 887,609,746 76 Add interest paid on public debt. 587,479,189 43 Total of debt, interest, pensions, &c., paid.$1,580,725,218 69 Here is the almost incalculable sum of ONE THOUSAND FIVE HUN DEED AND EIGHTY MILLIONS SEVEN HUNDRED AND TWEN¬ TY-FIVE THOUSAND TWO HUNDRED AND EIGHTEEN DOL LARS, which the Republican party have paid in interest on the national debt. on the principal^ for pensions, &c., all in seven years, and this, too, notwitii- standing the disgraceful fact that the Government has been swindled out of not fejs than THREE HUNDRED MILLIONS OF DOLLARS through the c^rrip: Demoeratw combination known as the Whisky ring.” But for the men who are so bitterly assailing the Republican party for a debt growing out of their own treason^ the national debt would be full three hundred millions of dollars less than it is, and the people would be saved EIGHTEEN MILLIONS C^F DOLLARS annually,/a?’ which they now have to be taxed to pay the interest oa that sum, of which the Government and people are thus robbed. No party that ever existed either in this country or any other, in this or any other age of the world, has shown such fidelity to the people as the Repuhlieai:. party. The figures given above—all taken from official sources, and all o which are entitled to implicit credit—constitute the most remarkable record o fidelity, integrity, skill, and patriotism ever written. But there are still other facts which exhibit the economy, fidelity, and iicri’ esty of the Republican party in quite as prominent a light, if not so important in themselves. These have reference to the CIVIL LIST FOR EIGHT YEARS. 1860, Buchanan. $45,790,058 1861, Lincoln... $25,081,510 1862, “ . 21,408,491 1863, “ . 23,253,922 1864, 27,800,409 1865, Johnson.$40,346,553 1866, “ 42,420,826 1867, “ 52,098,121 1868, 52,755,02.? Total expenditure since 1861, $285,164/?54 i~ri r n 4 Showing an average annual expenditure of $35,677,459, (THIRTY-FIVE MILLION SIX HUNDRED AND SEVENTY-SEVEN THOUSAND FOUR HUNDRED AND FIFTY-NINE DOLLARS,) and an average annual saving, as compared with Buchanan’s last year, of $10,112,509, (TEN MILLION ONE HUNDRED AND TWELVE THOUSAND FIVE HUN¬ DRED AND NINETY-NINE DOLLARS,) or more tAa?! EIGHTY MIL¬ LIONS OF DOLLARS in the eight years since Lincoln’s election. There is an¬ other remarkable fact connected with this table besides the evidence it furnishes of Republican economy and honesty. A comparison of the expenditures during the four years of Mr. Lincoln’s administration (who had no use for the tribe of McCrackens) wuth the four years of Mr. Johnson’s will reveal a very remarkable decrease during that period, and a still more remarkable increase after his death., when, hy the treachery of the latter the administration loent into the hands of the rebel Democracy, and Congress lost control, in a greed measure, over the disburse¬ ments of that branch of the Government. While the average expenditures of the Government for the civil and diplo¬ matic service during Lincoln’s four years is only $24,386,000, (TWENT Y- FOUR MILLIONS THREE HUNDRED AND EIGHTY-SIX THOU¬ SAND DOLLARS,) for the four years under Johnson they average $47,000,- 000 (FORTY-SEVEN MILLION DOLLARS. The whole eighty millions OF DOLLAES wcis saved by a Republican President, while Johnson, ivith true Dem¬ ocratic prodigality and disregard of the people’s rights, increased the expenses iully up to the old Buchanan standard. REDUCTION OF INTERNAL REVENUE TAX. Bat all the time the Republican Congress has been paying off the principal of the Public Debt, the interest, pensions, &c., amounting to about $1,600,- '000,000, (ONE THOUSAND SIX HUNDRED MILLION DOLLARS;) and while reducing this burden by lessening the interest to be paid, they have also been abating the Internal Revenue Tax. By act of February 3d, of this year, and of March 31st, taxes upon various branches of industry, upon incomes, &c., were abated to the amount of SIXTY-SEVEN MILLIONS TWO HUNDRED THOUSAND DOLLARS. The following table, showing the amount of revenue annually received since the passage of the law creating the Internal Revenue Department, wull show how rapidly the taxes from that source have been diminishing : ror-1863. $41,003,192 93 For 186G.. 310,906,984 17. For 1864.117,145,748 52 For 1867. 265,920,474 65 For 1865. 21i;i29,529 17 For 1868. 191,087,589 14 Mr. Commissioner Wells estimates that the various Days passed by the Republican Congress since the Avar closed Avill diminish the taxes of the people annuallv $167,269,000 (ONE HUNDRED AND SIXTY-SEVEN MIL¬ LION two HUNDRED AND SIXTY-NINE THOUSAND DOLLARS.) By the system of internal revenue AAdiich prevailed at the close of the Avar, taxation may be said to have been almost universal ; land, agricultural pro¬ duce, unmanufactured lumber, breadstuffs, and a feAV other forms of property or products only being excepted. An aggregate of ten thousand distinct articles or products made available as sources of internal revenue in July, 1865, Avould probably bo an under rather than an over estimate. At the present time, of all manufactured articles of products of industry, the folloAving only are subject to specific or direct taxation: distilled spirits, fermented liquors, manufactured tobacco, gas, matches, playing-cards. Since July, 1865, the additional tax of five per cent, on incomes in excess of $5,000 has been repealed, and the exemp¬ tion in all incomes has been increased from $600 to $1,000. The taxation for- 5 merly imposed on the gross receipts accruing from the transportation of mer¬ chandise has also been entirely removed. STATEMENT OF THE PUBLIC DEBT FOR EIGHT YEARS. As a convenient matter of reference, a statement of the Public Debt from 1860 to 1863, inclusive, is given as follows : 1860 .$ 64,769,703 08 1861 . 90,867,828 68 1862 . 514,211,371 92 1863 .■. 1,098,793,181 37 1864 . 1,740,690,498 49 It will be seen from this table that the Public Debt reached its highest point in 18G6, the year after the close of the war, in consequence of the large amount which had to be raised that year to meet liabilities that had previously accrued. It was then...$2,783,425,879 Deduct debt due July 31, 1868, (no report for June, 1868,J.... 2,490,324,848 Amount of debt really paid since the war. $293,101,027 Amount paid since 1865. 266,928,427 This will show that the Eepublicans have paid $26,172,000 more of the pub¬ lic debt since the war closed than they have ever had credit for. They may safely rest satisfied, however, with the less favorable statement which has already been given on page 2. But they have a right to lay claim to the payment of several items not yet enumerated, which do not belong to the ordinary expenses of the Government, but most of which have fjroim out of and are chargeable to this Democratic Rebellion. They may be stated thus: Refunded State expenses for the war. $10,330,000 Paid for property destroyed during the war. 11,000,000 Paid for Alaska, (reduced to greenbacks,). 10,000,000 1865 .July 31 $2,757,252,275 1866 . 2,783,425,879 1867 ... 2,692,199,215 1868 .July 31 2,490,324,848 Paid in all . $31,330,000 JRecapitidation. Shovring amount actually paid by the Republican Administration in 8 years Paid towards cost of Rebellion. $887,609,282 50 Paid interest on debt. $587,479,189 43 Paid State advances for the war. 10,330,000 00 Paid Pensions and Indians. 105,616,282 50 Paid Alaska purchase, (currency value,). 10,000,000 00 Paid Property destroyed by war, &c. 10,000,000 00 - ; - $723„425,471 93 Total actual payment. $1,611,034,754 43 In gmng, on a previous page, what is stated to be the entire amount which this stupendous Democratic Rebellion has cost the country, ($3,377,934,689 76,) neither the Interest which the Republicans have paid, the amount paid for Pen¬ sions, nor the amount refunded to loyal States, were added, as they should be, to show the whole expenses of the war. These items, as will be seen by refer¬ ence to the table on this page, amount to $723,425,471 93, which will swell the grand total to the stupendous sum of $4,101,881,070 66 which the rebellion cost. The taxpayers have paid very nearly half this amount. But they must con¬ tinue to pay in interest, pensions, bounties, &c., for an indefinite period, TWO > HUNDRED MILLIONS OF DOLLARS a year as the inevitable neces¬ sary expense of the four years' struggle of the Democratic party to destroy this Government. More than FOUR TPIOUSAND MILLIONS OF DOLLARS 6 the people of this country have already paidy or have yet to pay, besides liearly an equal amo unt in interest, before the debt shall be extinguished, as the cost of that wicked, unprovoked, and infamous Rebellion. EXPENSES OF PECONSTKUCTIOX AND FPEEDMEN’s BUEEAU. But even this sum, enormous as it is, does not include the State, county, and municipal expenditures in raising troops, which have not been assumed by the national Government. Is or does it include the vast expenditures of individuals and commissions for the care of the sick and wounded and of'the families of those who went forth to battle, all of which may be estimated at .not less thoui $300,000,000, and all to be charged to the Democratic rebellion. In view of these terrific facts, and the further fact that the Dembcratie jyarty for three years has contmued through its leaders to defraud the Government out of full ONE HUNDRED MILLIONS a year of the whisky tax, besides its other stupendous frauds, what can be more knavish, contemptible, and disgrace- fiil than the terrible contortions and affectations of horror over alleged extrava¬ gance in the Freedmen’s Bureau, amounting to a few hundred thousand dollars in all, since its organi^tion ? These charges are proved to be as false as the trai¬ tors who make them, by the following official statement in regard to the Freed¬ men’s Bureau expenses: According to the accounts of the Treasury the expenses of the Freedmen’s Bureau, rince its organization in 1866, have been as follows; Disbursements prior to June 30, 1867. S2,402,00{i' Disbursements from July 1, 1867, to June 30, 1868. 3,215,000 Total.. $5,617,000 Concerning the proportion of this expenditure incurred by the Bureau for the relief of the starving and destitute of both races, and for educational and other piirnosee, the Treasury has no information. " • According to the account of the Treasury, the expenditures contingent upon the acts of Congress regulating “ Reconstruction,” have been as follows: Disbursements prior to June 30, 1867. $145,430 56 Disbursements from July 1, 1867, to June 30, 1868. 1,799,270 00 Total. $1,944,700 56 And this amount, comparatively small as it is for the great work it has accomplished, grows out of and is one of the necessities of the rebellion, and must, therefore, be placed to the credit of the Behel-Cog)p)erhead Democracy w'ith all their other enormities. TOTAL RECEIPTS AND EXPENDITURES FOR EIGHT YEARS From all sources, including loans and Treasury notes, nage 120, for the vear 1867.) Total Receipts. 1861 . $88,694,572 03 1862 .; 589,197,417 72 1863 . 888,082,128 05 1864 . 1,408,474,234 51 1865 . 1,826,075,227 14 1866 . 1,270,884,178 11 1867 . 1,131,060,920 56 1868 . 1,075,324,046 89 (See Finance lieporf, Total Expenses. $90,012,449 79 578,376,242 79 895,796,630 65 1,313,157,872 94 1,925,052,347 30 1,196,798,829 23 1,093,079,655 27 1,114,464,501 11 Total for eight years. $8,277,802,725 01 Expenses for eight years.. 8,206,738,529 08 $8,206,738,529 OS- Excess of receipts $71,064,195 93 This shows an excess of receipts over expenditures during the whole period of the war of $71,064,195 93, which shows we have not only met all our obli¬ gations, but have a handsome balance on the right side of the Ledger! Ordinary Receipts. Table of the receipts of the Government from ordinary sources, (exclusive of loans, &c.,) for the same period: 1861 . $44,974,190 53 1862 . 51,937,720 76 1863 . 124,443,313 29 1864 . 260,632,717 44 1866. 329,567,880 66 1866 . 556,082,620 06 1867 . 490,634,610 27 1868 .1. 615,505,746 89 Total.$2,473,778,805 90 Receipts from Bonds. 1861. $41,861,000 00 1862....'. 529,692,000 00 1863 . 776,682,000 00 | 1864 .:. 618,115,000 00 | 1865 . 1,472,224,000 00 I 1866, 1867. 1868. Total, fch fiscal forward. Note. —The aggregate balances remaining in the Treasury at t year (amounting to $552,344,610 30) from 1802 to 1868, inclusive, we and thus the ditference between the total apparent receipts and actual re’Ceipts from bonds and ordinary sources is accounted for. These tables, exhibiting the entire receipts of the Government from all sources, and also its expenditures during and since the war; the receipts of the Government from the sale of bonds, or from loans and Treasury notes, and then its receipts from ordinary sources, shovv at a glance the stupendous expense of THE GREAT SLAVEHOLDERS, OR DEMOCRATIC, REBELLION, and should be carefully studied by every taxpayer in the land. While studying them let the people who have to foot the bills run up against the Government remember that they were caused hy the men and the ymrty who are supporting Setxour and Blair, and threatening another just such rehellion if they succeed.. REDUCED EXPENSES FOR 1868. There is still another table the people should carefully study, for it will show them that, while the Democratic party by their treason caused an annucd expendi¬ ture of a THOUSAND MILLIONS OF DOLLARS FOR FOUR YEARS, a Republican Congress has reduced it to ONE HUNDRED- AND SEVEN MILLIONS OF DOLLARS, which, reduced to gold, is five millions less than the old Democratic standard before the war. The followung are the appropriations for the ordinary expense of tlie Ooveniment for the present fiscal year: Executive, legislative, and judicial, embracing all Departments salaries and expenses. $17,480,000 00 Pot the Army. 33,081,013 10 For the Navy. 17,500,000 00 West Point Military Academy. 302,000 00 Consular and Diplomatic service. 1,206,434 00 Post Office Department. 2,500,000 00 Indian Bureau, treaties, &g . 2,500,000 4)0 Rivers and harbors. 4,700,000 00 Collecting the Revenue. 9,969,000 00 Sundry Civil Expenditures connected with the various Departments, 6,020,000 00 Miscellaneous expenses of all kinds, including cost of certain pub¬ lic buildings throughout the country, expense of closing up Preedmen’s Bureau, &c. 9,000,000 00 Deficiencies of various kinds in the different appropriations. 2,560,000 00 Making a total of $106,818,447 00 8 era leade’ SixtH? Convention WHY THE DEMOCRATIC PARTY SHOULD NOT BE TRUSTED. First. That the Democratic party forced upon the country and the Eepubli- ean Administration an expenditure of more than FOUR THOUSAND MIL¬ LIONS OF TREASURE. Second. That the rebellion was begun for the express purpose of overthrow¬ ing Republican Institutions, and establishing upon their ruins a Slaveholding Oligarchy; and, that all the burdens of national taxation, past, present, and prospective, are the necessary consequences of the Democratic rebellion. Third. That the vast sacrifice of life on the battle-field, and in the hospitals and prisons, is justly chargeable to the treasonable action and purposes of the Democratic leaders. Fourth. That in prejiaration for this rebellion, the Avhole power of the last Detnocrcdic Administration was exhausted, the public Treasury plundered, the Navy scattered or dismantled, and the Army placed under command of traitors and quartered beyond the reach of the incoming Administration, and within pntem plated revolutionary government, acts were done in obedience to the orders of the Demo- by the advice and with the approval of the Democratic 11 of the country. Tsame leaders controlled the late Democratic Nominating :ed its platform, and designated its candidates. Seventh. That these same leaders, by their public orators and press, declare it to be their settled policy {hat Democratic success shall restore to the late rebels-in-arms supremacy in the government of the States and the nation; and that all that was lost by rebel defeat on the battle-field shall be regained, by the election of the Democratic candidates. Eighth. That they, the Democratic rebel leaders, promise only, as the conse¬ quence of their triumph, the renewal of the war, the destruction of the reorgan¬ ized States, and the overthrow of the popular representative branch of the Gov¬ ernment, or its subjection to executive will and dictation. WHY THE REPUBLICAN PARTY SHOULD BE TRUSTED. First. That of all its millions not one man was a traitor; every man stood firmly by liberty and the Union. Seeond. That its civil administration of the Government, notwithstanding the exigencies of the war, has saved to the people, as compared with Democratic rule, $80,000,000 within the last eight years, being an average of $10,000,000 per year. Third. That it' has actually paid and cancelled within eight years nearly one thousand seven hundred millions of dollars of the liabilities incurred by the war; and since the close of the war, while steadily reducing the public taxes, it has also reduced the public debt from $2,757,253,427, in 1865, to $2,490,324,843, in 1868, being an aggregate for three years of $267,000,000, or $89,000,000 per year. Fourth. That for the present year a reduction of taxation to the amount of $67,000,000 has been made, and more than 10,000 articles of product and manufacture have been 'withdrawn from the tax lists. Fifth. That but for the obstinacy of the Democrats in Congress, and of their pliant tool, Andrew Johnson, a reduction of interest upon the public debt amounting to at least $40,000,000 per annum w^ould have been provided for. Sixth. That the Republican party, by its candidates and platform, is irrevo¬ cably pledged to economy, to the maintenance of the public faith, the preser¬ vation of the peace and unity of the States, and the liberty and prosperity of the people; that all its pledges in the past have been redeemed, affording the best guaranty of their value in the future. PRINTED AT THE OFFICE OF THE GREAT REPUBLIC, -WASHINGTON, D. C.