Daily Wabash Express, Volume 20, Terre Haute, Vigo County, 16 August 1870 — Page 3

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['HE DAILY EXPRESS,

i*HKU KVKKY MORNING (KXCEPT SUNDAYS) AT

IB. SIXTH & OHIO STS.. OIT. POSTOFFICE.

liATES

OF ADVERTISING.

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2 50^ 3 OOi 3 75 4 50 5 50 3 00: 4 00 5 OOj 6 00 7 00 4 r6 ooo! TM: 9 00 10 50

4 0fi! fiOO! 8 00 1000 12 OOi 1400 500 9 00J250 15 00,15 50! 1750 —, 6 00 10 00 12 00 15

1 2 ID 3 fi

OOllS 00121 OOf 25 00! 50 06

8 00 14 00'19 00,24 00 28 00,32 OOj 40 OOj 75 00 10 00:18 00'25 00!32 00 38 00 44001 50 001100 00 in 15 00125 00 40 00 50 CO 60 00|70 00 80 00 150 00 1 20 00 35 00 50 00 65 00 80 00[9000 100 00 200 00

t(W Yearly advertisers will be MONTHLI CHANGES of matter iKJjfi. ot CIIAKUE. ttioWPFK

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and one-half the Weekly rates. Legal advertisements one dollar per aiiuare for each insertion in weekly.

Local Notices 10 cents per line. .No item however short inserted in local column for less than 50 cents. tar Marriago and 1 uncral notices 81.00. etw Society meetings and Keligipus noti

notices

invariably in ad-

2.5 i-ents each insertion,

't(?r Collections wilt be mado quarterly on nil advertisement-'.

It.Kl'UHLK'AN COUNTY TICKET.

AUDITOI!,

WILLIAM PADDOCK. SIIKKII'F, GORDON LKE.

TKKAKITKKK,

IMOUTON C. RANK IN. RECOKIlKK, THEODORE MARX EN.

StMtVEYOK.

ALEXANDER COOPER. COKONF.Il, DAVID L. CHRISTY.

CiM MISSIONKUS,

I'ifisT L)ist—W M. I. I'KI I INt«l'.K,

JOS. I-'LLLENZER,

TinHi PHILIP RANDOLPH iiiixii: chimin a 1. i'ui r, JOHN CRA IN. P|M.«K'l'TINfl ATT'V III IN A I. COITIIT,

MKl.'KDlTll

kkimji-skstativks, I'., WILSON SMITH. II II IIOI'DINOT

MH. VOOR1IK.ES AN1 THE ITRLIC DEBT.

The following if a literal report tl tlie statement nmde concerning the |.ullio debt, Iiy Hon. D. W. Vookhkfs, in LIII speech in this city, cm the .if'lh .ill. It wa* taken down it the request ol MI. VooitifEKs himself, and we have it ill tlit hand-writing of the reporter, who avouches ith conectne^. We have delayed its publication until now, in order to receive the oflicial reports ot MR. UouTWEX^ii to put in contrast with his statement*. Let our friends keep this as a permanent and reliable record.

MR. Vookjiees said: "Senator Morton saysOen. Grants administration has reduced the public debt $140,000,000. I ask you Republicans to look at this sheet entitled 'A Statement of the Public Debt of the United States, July 1st, 1870,'—just thirty days ago today. It is signed 'George S. Boutweli, Secretary of the Treasury.' It wits issued by Mr. Boutweli just before started for home. In this statement of the public debt we find that the debt bearing interest in coin is placed now at $2,107,950,700. The debt which you are interested in is that which bears interest, and not the currency of the country that bears no interest, and accommodates your wants. The public debt which bears heavily upon you is that which bears interest, and that is the portion of the debt we used to talk about. Now I ask the reporter to take down my statements: On the 1st day of July, 1870, thirty days ago, the public debt bearing interest in coin, was $2,107,!'50,700. I have now the statement of the public debt made officially by Hugh McCulloch, Secretary of the Treasury, on the 1st day of March, 1809, just as Johnson was coming out, and Grant was going in. They say, in the last year they have paid $120,000,000, of the public debt. I have shown you what the public debt was thirty days ago. will now show you what it was nearly seventeen months ago,—a year ago last March, when Johnson went out ot power, and Grant came in, and you can compare the two. How much of the interest-bearing debt has been paid—this loan debt which weighs so heavilv on you.—this loan debt which fats the bondholder,—this loan debt which taxes the people,—what was it on the 1st day of March, 1869?—$2,-606,99-1,(59-1.14—being 011 the 1st day of July, thirty days ago, S'.t.j,tif0 greater than it was 011 the 1st dav ot March, when Johnson came out of oflice. [Cheers and applause.] Those 111 the oflicial statements,.—those are the official papers, as 1 shall answer to my Maker. And it any Republican, or two or three, are here who doubt my statement I will treat them with the utmost courtesy and kinflnew to come upon this stand, and examine thc-H* papers, and see whether 1 state this matter correctlv or not. I challenge denial. oil may rhange Iroin colli 111*1 to column, and you may contract tiie currency that bears no intere 1, and call that a payment of the public debt

An examination of (hi evlracl will ic-

veal :cvei:il noteworthy tacts. The tii-st is thai Mr. »i: a EES

made a blunder in Ins quotations ot fig

ures. giving the total amount of the principal of the debt Match 1st JSliV. instead

of onlv the coin-interest debt, -bowing some $ 00,000,tMli decrease, instead of S9ti,0011 increase. We give liiin the ben

efit of this blunder, to wai him that ac

curacy is required. 2. The second fact Mr. hokhee-'

repudiates all obligations which do not bear interest as constituting debt. It a

man takes up goods on credit, and has

them charged on book account, he don't

owe anvthin^ but it he give- his note

then he is in debt. It this were the per

sonal ethics of Mr. V. his creditors would call him a scoundrel and it is just as

villainous a principle in public as in pri

vate atVairs. .1. The third fact developed is, that according to Mr. Yoorhf.es, the public debt is to be reckoned wholly bv the 1111111 ber of bonds issued and allowance is to be made for those paid and cancelled. Thus: The official statement of the public debt for March 1, 1SG9, gives a list of all the bonds issued to that date, 011 which coin interest was paid, amounting to $2,107,854,050. (The figures Mr. V., intended to quote, but did not. I On the 1st of July 1S70, the total was, S2.107, 850,700, What does this show? Mr.

Yookhees says,—and appeals to God for the accuracy of his figures, not the truth of his statement,—it shows that the coinbearing debt has increased S95.G50. 15ut this is a palpable falsehood, because the next colli mil shows that the Treasury lias taken up and canceled of this total, $121,429,100. Instead of these oflicial figures

showing that the coin debt is larger than it was at the beginning of Grant's administration, they show that it is smaller by the amount of $121,332450. Every child can see it by the following table:

COIS INTEREST DEBT.

1sfiQ

82.107,854,050

TtSli' 1S70 7. 82,107,950,700 July 1, 05 650 Additional bonds

joq'-inn

Bonds paid and cancelled ggg^'gQQ Leaving unpaid 121.332,450 Decrease 4. A fourth point in the above speech is the assumption by Mr. YOOKHEES that onlv those payments of the public debt which are made in coin require taxation, or cost the people anything. Hence he throws out all account of bonds bearing currency interest,and all obligations which bear no interest. Here is his Pendletonian squinting. It is proposed to pay all our bonds in greenbacks, and to obtain greenbacks, not by taxes, but by printing as manv of them as may be necessary. In other words, these two astute statesmen who opposed the issue of greenbacks when they were necessary to carry on the war, declared they would go forth with the brand of Cain, and be utterly worthless finding their opposition vain, and their predictions false, and consistent only in their unpatriotic purpose of destroying the credit of the government, now propose to make greenbacks worthless by issuing unlimited quantities! When we ask gentlemen of this school how the government is ever to redeem these thousands of millions of worthless paper, we are coolly told that it never is to be redeemed but left on the people's hands until it wears out, or is burned up, or otherwise lost! If ever a compound of greater folly and villainy was proposed, even by the Democratic party, we do not happen to remember it. The open repu

diation of the Mississippi Democracy, was honorable in comparison. 5. Still another point in this speech, sometimes more openly asserted, is the closing insinuation that the only reduction there has .been in the public debt, has been accomplished by a contraction of the currency. The answer to this is

found in the following table:

AMOUNT Ol' CI KKKNCV.

Mar. 1, ISttt). I.CKiil Tenders

Mar. 1, ISti'l, Kraetii.naI fur.

30,781,5-17 50

S3iKJ.ti7fi,4lH 7: S.Wi.OOO.OOO 00 .. 39,B7X,0H4 4S

July 1, 1S70, I.egal Tenders.. .Inly 1, 1S70, Fnct'nal Cur

f:t9T.,t7S,ilS4 48

inercaio -02.2/7 7.)

fi. Hut Mr. Voop.hkks' remarks are throughout a tissue ol lalse statement ', and insinuations,—that kind ol falsehood, the meanest of all, which consists in statin half the truth, leaving out what is essential to a correct conclusion. Its complete refutation will be found in the following tables compiled directly from official documents sent us from the Treasury office, and for the accuracy of which, both in figures and conclusions, we hold ourselves accountable.

MARCH 1, 1K» 9.

Debt Waring ''"in int«reHi $-,107,3"4,05 00 Debt bearing Currency Int 71,no,ooi Debt bearing no interest Accrued Int

Total

Coin iu Treasury Certificates Currency

Actual .'cU

Total

March 1, 1809 April, May, Juitt*] July, August, Sept. Octnbel', .Nov., Dec., Januarv, 1S7 Feb'v. March, April, May, Julie. ,luly,

Tot-d

428,000,054, 14 :J4,01KJ,355

...82,041,058,040 77 .... $69,905,700 72 28,775,560 0O 10,85:1,5-2: 04

$115,5:14.78:) 70 F2,525,403.200 ol

JULY 1,1870.

Debt bearing (Join Interest Debt hearing Currency Interest. Debt bearing no Interest Accrued Interest

f'2,107,950,700 00 59,545,000 00 43-1,179,427 83 50,007,550 52

,.52.052,282,('.84 35 8112,770,048 88 28,945,007 19 124,202,968 54

Coin In Treasury Currency Bonds taken up ami interest.

S 205,924,084 01

Actual Debt 32,380,358,599 74 Debt by monthly statement.

ACTl'A I. DK11T.

March 1. 1809 $2,525,403,200 01 April 1, April M.tv June 1, July 1, August 1, Sept. 1. Oct. 1, Nov. 1, .... Dec. 1. January 1, 1870 Feb. 1," Mar. 1, April I, ...... May I, •Ill net, July 1, Aug. 1,

2,.125,190,401 7-4 2,518,797,391 09 2,505,412,013 12 2,489,002,480 58 2,481.506,730 29 2,475,902,501 50 2,408,-195,072 11 2,401,131,189 30 2,453,559,735 28 2.448,746,953 31 2,444,813,288 92 ',438.328,477

... 2,420,804,3:. .... 2,400,502,371 78 ... 2,380,358.599 74 ... 2,369,321,470 oo

$ 206,798 27 6,399,070 05 13,384,777 97 10,410,132 54 7,435,7-14 29 5,004.324 7'i 7,407,4211 39 7,303,382 75 7.571,454 13 4,812,781 92 .... 3,933,004 39 0,48-1,811 75 6,700,349 43 17,404,142 82 14,301,902 57 20,203,772 o.| 17,034,123 71

....tf 1 Ol ,9U.Y.2*M II

7. Another significant fact ill-Mr. oor.-

speech i-i his entile silence about

the amount of interest paid by the !!»v-

interest niie, the

einineiit. It- as Mi says, lb beat ills debt i?- the oppressive

onlv one which oncei lis the people, and

that i'• increased, then ot coui 'e then: is an increase ol interest. I this «o" On

the I of March, IS»i*.» the coin interest

was Sjr),I!- iO on the 1-t ot .luly,

1S7U, it was SI 111.u:I! a reduction of

S7.iS.*,7-lt. We submit that this reduc

tion is wort bv of liient ion

In another column we publish a letter

from Mr. 11 rwi:l.I. on this same subject. The ditlerence of ti uics, in hi-

letter and our tallies is from the tact that

our statements are to .July 1st. and include

Treasury balance-", while Mr II. uavesac*

tual payments to August I.

IR YOC

Want a Cook, Want a Situation, Want a Salesman, Want a Servant Girl, Want to Kent a Store, Want to Sell a Piano, Want to

Sell a House,

Want to Sell a Patent, Want to Lend Money, Want to Buy a House, Want to Buy a Horse, Want to Eent a House, Want to Sell a Carriage, Want a Boarding Place, Want to Borrow Money, Want to Sell a House and Lot, Want to find any one's Address, Want to find a Strayed Animal, Want to Sell a l'iece of Furniture, WTant to Buy a Second-hand Carriage, Want to find anything you have Lost, Want to find an Owner for anything Found,

You can make your wants known to the readers of the Express, at only TwentyFive cents a dav.

STATE FINANCES,

REPUBLICAN ECONOMY. AND HONESTY

VS.

DEMOCRATIC EXTRAVAGANCE AM) RASCALITY.-

Facts for the People.

BY J. C. BURNETT, DEP. AUDITOR OF STATE.

The General Assembly of the State of Indiana, at its session commencing on the first Monday of December, 183-5, passed an act entitled "An act to provide for a General System of Internal Improvements." The improvements contemplated were, the extension of the Wabash and Erie Canal the construction of the Central Canal the White Water Canal the Madison and Indianapolis and Lafayette Railroad a McAdamized road from New Albany to Vincennes a Turnpike from Jeffersonville to Crawfordsville the removal of obstructions to navigation in the Wabash river, and works of minor importance.

For the prosecution of these works an appropriation of ten millions of dollars was made, the money to be obtained by the sale of bonds of the State, bearing five per cent, interest, and falling due in twenty-five years.

Aftergreatexpcnse and much financial tribulation, the bonds were disposed of a State Board of Internal Improvements was appointed engineers were employed the great work was pushed vigorously, and the millions of dollars promptly expended.

Out of this act, and others relating to the Wabash and Erie Canal, and the State Hank, and the peculiar deviations and irregularities of Democratic officials, grew the State debt of Indiana,

For the benefit of the holders of the bonds of the State, the interest coupons on some were made payable in London, England, and 011 others in Jersey City and New York and there is evidence that the interest was paid each half year until January, 18-11, when, as one of the lesultsofthe great financial disaster of 1837, the credit of the State was prostrated, and the interest falling due at that and subsequent dates remained unpaid.

In 184(i the importunities of bondholders, and the efforts of prominent citizens, in official and private life, directed serious attention to the fact that the State was in debt over twelve millions of dollars that unpaid interest was accumulating at a fearful rate that the prosperity of the State was cheeked by the burden of a great debt that, immigration, and the assistance of men of capital, had almost ceased ami that citizens were outspoken in their determination to abandon their property and seek homes in other States.

At. tliesession of the Legislature, begun in the winter of 184G, an act entitled "An act to provide for the Funded Debt ot the State of Indiana," See., well known as the "Butler Bill"—having been drawn up or dictated by Charles Butler, the agent and representative of the holders of the Internal Improvement Bonds—was placed upon the statute-book, and in 1S47 amended and completed by a supplemental act.

By virtue of the provisions of these acts, the State agreed to issue certificates of stock, principal and interest payable by taxation, for one-half of the principal and one-half of the unpaid interest of ihe Internal Improvement Bonds, and to surrender the canal, and large donations of land from the General Government to aid in its construction, for the other half of principal and interest.

To accomplish this, certificates of stock were issued as follows: Five per cent, certificates of Stale stock for one-half of the principal of the bonds surrendered, and two and one-half per cent, certificates of State stock for one-half of the unpaid interest. For the other half of principal five per Jcent. certificates of Canal stock—the same that the Democratic canal ring and their coadjutors are now endeavoring to saddle upon the State—were issued, and Canal stocks for the moiety of unpaid interest.

For the payment of the principal and interest of the State stock, the faith of the State was irrevocably pledged, and for the payment of the principal and interest of the Canal stock, the holders were to look to the revenues and profits of the Canal,

•.'].it -i ''1C State, by stipulated agreement, fully concurred in by the holders of the original bonds, being entirely relieved from all obligations in relation to that portion ot the principal and interest.

The one-half of the debt represented by certificates of State stock, as shown by Douglass Magi lire, Auditor of State, in his report for the fiscal year ending October' 31, 1847, [Doe. Journal, 1847, page 11,] was as follows: One-half of the principal due

January 1, 18-17 Sf,,,132,500 Oo One-half of unpaid interest January 1, 1S47 1,1363,020 00 One per cent of interest, from

January 1, lfU7, to January

331,050 00

Total $7,527,470 00 This is, briefly, the origin of the debt that has hung over the State ot Indiana during the past thirty-five \ears. ()n the first day of.July, jK4!, the debt of the State, as reported by the Auditor, [Doc. .Journal, lN-J'.l, pp. 33. 3-1, 3", 3.H was as follows Internal inipruveiiiviit Umuts nut surrendered under the ••j,uiler Hill." 51, Five per cent. £t»te stocks issued under the IJutlur Hill," l/i.o.u.-n on Twonad one-half per cent. S'tate tu'-ks issued under the lint ler l: 111." I,ti.ri0.2u7 so

Making the t..tnl bonded debl ... S8.ol-l.207 To which a/ldthe domestic debt, (1,-t.Jier ::i, |S4'.1 2]:i,'iMo no

T.-tal K2--.1,7:!7 •'•0 At the ehw of Governor Wright's admini tiatioii, January, 18o7, the domestic debt had been extinguished, and I lie foreign, or bonded debt, Auditor l.eport, Isr7, ). ±J,| was $7,771,1173

In October, 1 Still, after seventeen years of almost uninterrupted Democratic government, during which time the popllla-. tion and wealth of the State had in leased very rapidly, and all the facilities tor the successful management of financial aflairs were at the command of ihe dominant party, the debt of the State had not been increased. the contrary, it had grown, as shown by the report ol .John Dodd, Auditor of State, [Auditor's Report, IStiO, p. ~t,] to an amount exceeding ten million of dollars, as follows: Internal Improvement lionds outstanding £303,000 00 Five per cent. State stocks outstanding 5,322,500 00 Two and one-half per cent.

State stocks outstanding 2,054,773 50 Bond held by Commissioners of Sinking Fund 1.188,219 04 Vincennes University Bonds.... 00,585 00 Loan from Sinking fund to pay interest on State Debt, July, 18-W 165,000 00 Indebtedness of General Fund toother Funds 989,188,95

Total 510,170,267 00 This will appear all the more painful when it is remembered that in 1S40, and continuously forward, a tax was levied and collected for the special purpose of extinguishing the funded debt, and that if the tax thus provided had been faithfully applied, and reasonable economy observed in State expenditures, the entire debt might have been paid in 18(50! In the brief schedule of duties imposed upon Democratic officials, however, the word economy did not appear and retrenchment was a term of classic derivation to which they did not deem it necessary to give attention. When they wanted money to

pay th'fe ihterest on the State debt, they "wfeilt through" the Sinking Fund and ky Assiduous attention to all important Blatters excepting official duty and the welfare of the people, they managed to get the General Fund of the Treasury indebted to Funds set apart for specific purposes, to the extent of §989,188.95.

In October, 1860, the Bepublican party was successful, and in January, 1861, a Republican General assembly convened at Indianapolis, and Republican officials took possession of their respective offices.

Soon after, at the breaking out of the war, Governor Morton called a special session of the Legislature, and that body found it necessary, in the exigencies of the situation, to authorize the issue of War Bonds to the amount of two millions of dollars, thus necessarily adding a large amount to the great debt, and increasing the responsibilities and perplexing duties of the new party in power.

As a means of paying the War Bonds at the earliest practicable moment, the act authorizing the bonds provided a specific tax, and, also, that payments made by the General Government for money expended by the State authorities in equipping troops and providing materials of war, should be applied to the immediate redemption of the bonds. The matter and tables following will show that these requirements were strictly complied with.

During the years 1863,18G4, the Democratic party was again in power. They made their brief- return famous by refusing to pay the interest on the State debt when there was a million of dollars in the Treasury, thereby embarassing the State at a critical period, and by their course generally, giving aid and comfort to the rebels in arms.

In the election of 1864 the Democracy were permitted to retire—were peremptorily dismissed by a majority of 20,000 and in January, 18Go, the Republican party resumed its labors.

In December, lSGo, the Legislature, in special session, passed the "State Debt Hill," providing a tax for the specific purpose of paying the State debt, and describing the manner in which redemption should be made.

In June, lSiiO, before tlie tax authorized could ho levied and collected, with the funds they had at their dispolas, tlie lii.aul of State flebt Sinking

Fund Commissioners declared a dividend ol':til per cent, on the outstanding two and one. half per cent, certificates, thus redeeming There had been previously purv chased, as provided by an act iu relation to the Ktate Uebt, appn.ved March 0, ISiil, [1st, (.

544 ".,0111

77MSJ oo

A H-, Sup. p.SS,] Five iter cent. certificates ainountinK to And two and one-half per cents. amounting to

O'.i.OOO 00

In all. tf 1,205,40: 53 in the meantime the War Bonds were taken up and redeemed as fast as they could be obtained from the holder:!. From the date of issue to Jetober .".1, lStiti, there had been redeemed the sum of £l,i'.il,0(Ml (mi leaving outstanding $::()!»,0(10 00.

In March, IS67, the Legislature passed au act entitled an "act to consolidate certain bonds, stocks, and accounts ol the School Fund into one non-negotiable bond," i^c., in pursuance of which act the five per cent, certificates and two and one-half per cent, certificates of State stocks purchased by the Commissioners of the Sinking Fund were surrendered by the Auditor of State, and the nonnegotiable bond given. The whole amount of State stocks redeemed through the School Fund, as provided by the above named and other acts, is as follows Five per cent, certificates of

State stock 8967,504 07 Two and one-half per cent, certificates of State stock 331,302 3 Internal Improvement Bonds.... 8,000 oo Vincennes Univorsity Bonds .-,000 00 War Loan Bonds 422,000 00

In all 81,731,807 02

The balance of the non-negotiable bonds of the School Fund, to-wit: $1,819,449 li», making the total indebtedness to theSchool Fund $3,551,316 15, that is, as it now stands, the indebtedness of one pocket to the other—grew up in the dark days of Democratic power, from 1843 to 1S60, when they neglected, in the onerous discharge of political duty, to pay the interest oh money due the School Fund, and when, for instance, they opened that, sacred repository for money to pay the interest on the State debt. See 1st G. & II. p. 582, and the report of Mr. Dodd, referred to before.

In June, 1867, the Board of State Debt Sinking Fund Commissioners gave notice that all the two and one-half per cent, certificates of State stock would be redeemed at par and of the $1,183,187 55 outstanding, all but a few thousand dollars were presented for payment and redeemed.

The foreign debt October 31,j 1867, was as follows: of ... *3,754,230 33

Five per cent, certificate State stock AVar Loan lionds. 237,000 00

Total 83,991,2:,,33 Showing progress, in the work of extinguishing the debt, to the extent of nearly four and a half millions of dollars During the fiscal year ending

October 31, W8, five per cent. certificates were redeemed amounting to And War Bonds to During tho year ending October •31, lsr.9, live per eent. certificates were redeemed a mounting to tl.HSlyWS 31 And Warlh.nds a mounting to. !.,OiM, iV

S4:'.5,.ill 07 27,01.10,00

On the l.-.th of July, lw'7o, the foreign debi stood as tolh.w.-': Five per cent, certificates Sl,l4:,n) '1'wo and ..ne-lialf per cent, certificate.-. 1'-'

War I'!..lid.- 2H4.lililMill

Total .. .. .. S1.3fU oil-. JO Miri!!.• three veais |ant, hidden ot the War I'.onds have been notified that the State is ready to pay them but as the bond are not" due until lSSl.and holders will not tiirreiider them lor payment, the amount above j^iven remains outstanding.

In the latter part of .June, (iovernor llaker received from the (leneral (iovernmen', in payment ol War laims ol the State, the sum of $-11 4,!•_!".which he immediately forwarded to the Agent ot State in New York, advi-im the Agent by telegraph, and sending instructions by letter, that tin'money be applied to the immediate redemption of State stocks.

Oil the first day of".Inly, the Hoard of State I lebt Sinking Fund Commissioners, with means siillieient to pay oil the entire indebtedness, met al tlie oflice of the Agent of Stale, to take such action in paying tlie debt and closing the long-existing agency as should he deemed necessary. 1 folders oft he stock,however, did not manifest a desire to give up their certificates for payment, and the lioard at once gave notice that interest would cease on the first dav of September, and that the stock should be presented for payment on or before that date.

Thus, a few years of judicious management of financial aflairs has placed the good name and credit of the State in the front rank, so that her obligations are regarded as the best security, and holders of stocks are compelled, by the notice that interest will be stopped, to surrender their claims for payment.

In addition to the millions of dollars of the State debt that have been paid by Republican administrations, fifty thousand dollars have been paid each year, since 1861, for apportionment by the Superintendent of Public Instruction, to cancel a claim of theSchool Fund against tlie General Fund of the Treasury: the direct tax levied by the General Government upon the State during the war, amounting to $904,875 33, was paid without recourse to additional taxation the indebtedness of the Northern Prison has been paid, and the Prison completed the Soldiers' Home, at Knightstown, the Normal School building, at Terre Haute, the building for the Supreme Court and State Offices, and Female Reformatory, at Indianapolis, the House of Refuge, at Plainfield, have been erected and paid for, and

the Insane Hospital and Deaf and Dumb Asylum have been materially enlarged and improved, besides the ordinary expenditures of State government, making in the aggregate a sum exceeding two and a half millions of dollars.

Thus it will be seen, seventeen years of Democratic management left the State with a debt exceeding ten millions, which was soon after increased, by the necessities of the country in time of war, to more than thirteen millions!

Republican administrations since January, 1861, with the years 1863 and 1864 more than lost by the incumbency of Democratic State officers, have wiped out the debt and placed Indiana, in all that constitutes political and financial greatness, foremost among the States of the Union.

SPECIAL NOTICES.

False Pretense!).

The vast and continually increasing sales Hostetter's Stomach Bitters have provoked the envy of a certain class of dealers in various parts of the country, who are trying to substitute their utterly worthless local nostrums for the most popular proprietary medicine in the world. These imposters hope by their false statements to obtain from the millions who patronize the great American Tonic, a sufficient number of customers to mako their speculations upon the health of their neighbors profitable. As the demand for Hostetter's Bitters is now so large and urgent as to tax to their fullest extent the facilities for its manufacture, these petty attempts to wring in the merest trash by false representations, are of little consequence to its proprietors. They are, however, a serious evil to the victimized. If, for example, at this warm season, when a real invigorant is greatly needed, tho sufforer from general debility, indigestion, biliousness or nervous weakness, i* coaxed into using a wishy-washy compound without any medicinil virtue, instead of the sovereign specific in liji li tlie rarest tonic and alterative vegetable elements are scientifically combined, it is ohyiniis that tie will rue the day when he allow e.I himself to be thus deluded. It is in the interest of parties who have been or may he mtlii'iieed by the persuasion of plausible charlatans, that thi* aWi'de is publisho'lWith the light of twenty year* experience to guide him. why should the invalid take a leap oi the dark. augln dwlw.

The imi|»rislnil»l«' IVi'tuim'!

A- ii rule, the perfumes now in use have no pei inaneney. All hour or two after their use there is no trace of perfume left. How different the result succeeding tho use of

Murray & l.nninaii's Florida Water.

Days titter its application the handkerchief exhales a most delightful, delicate and agreeable fragrance. may f.deodcy

.... USED LP.

L'swayw Cor iig Men.-The enervated and ii -ed up, who have lost their youthful energy, ambition, and bodily vigor, in the pursuit of SoeiAi. IM.ic^siair, with words of cheer, and sanitary aid for the seeming hopeless :ii.nt free, in sealed envelopes address Ii!\VA l» ASSdCl ATI'.IN, Ilox I1, Philadelphia Pa. inay2f.dw3iu

The Young and all those whose Hair has not yet turned Gray or White, will prefer

Mrs. Allen's Zylobalsamum

It is an exquisite Toilet Treasure, clear and transparent, without sediment. It beautifies and refreshes the hair, and as a simple flair Dressing, it has no equal. All Mothers are advised to use it, and nothing else, on their hil.lren's llair its good effects in after life plainly discernible. Everybody should one of these preparations, both not rered. Sold by all Druggists. mlSdwOm

W,a JS. Ii. Yeaklt

M. Burr,

BAEE & YEAKLE, House and Sign Painters 4th St., 0|ip. Ocntral Engine House,

All work entrusted to us will receive prornp attention. Special attention giver to Sign Painting and Grainintr. dly

O. C'. ALLEN,

"The Hatter,"

New York 'Hat Store.'

Having a competent buyer in New York to select goods as oon as manufactured, I aiu enabled to present, at ill times, the latest Novelties.

BEAUTIFUL II AIR Nature's (Jrown. Yon nin.-i' Ctilliratc 11.

S..V, Allen

OH A I IIA lit

Mr*. Allen's Hair Restorer

iVill Ke^toro Gray llair to its natural Life, Color and Beauty. It is a most delightful Hair Dressing, It will promote luxuriant growth. Falling Hair is immediately cheekcd.

Tlx- Hatter,

FR» JI4I* STREF/r.

.nt i.|. in

Money Cannot Buy It' For Sinht is Priceless

THE DIAMOND GLASSES

Manufactured hy

I-.

SPENCKR CO., N. V.,

Which are now offered t.. the public, are pro lioiince.l hy all Ihe celebrated Optician/ of the World to he the

PERFECT,

Natural, Artificial help to the human eye ever known. They are ground under their own supervision, from minute Crystal Pebbles, melted together, and derive their name, "Diamond," mi account of their hardness and brilliancy.

Tho Scientific Principle

On which they are constructed brings the core or centre of tho lens directly in trout of tho eye, producing a clear and distinct visinn, as in the natural, healthy sight, and preventing all unpleasant sensations, such as glimmering and wavering of sight, dizziness, Ac., peculiar to all others in use. They are Mounted Iu Hie finest manner In frames of the best quality of all materials used lor that purpose.

Their Finish and Durability cannot be surpassed.

CAUTION.—None genuine unless bearing their trade markostamped on every frame.

J. R. TILLOTSON,

Jeweler and Optician, Sole Agent for Terre Haute, Indiana, from whom they can only be obtained. These goods are not supplied to Pedlers, at any price. mar21dwly

Oo to V. G. Dickhoiit's TRUNK FACTORY

For Ihe Latest Styles of TRl'XKS

Leather, Galvanized Iron and Zinc Cover. TRUXKB MADE TO ORDER.

No. '415 Alain near 7th Street.

Trunks Covered and Repaired. jy!5-dtf

CAKPF/TS! T7.

CARP CARP CARP ^arp

MATTINGS!

Wall Paper! Wall Paper! Wall Paper !, Wall Paper Wall Paper! Wall Paper!

Wliite l-eail of tlie

rv"

Fmm July 1st, until tho fclose of the Summer Trade, we shall mako

Priccs

Special

3 ,^In all of oar Departments. This will give evoryonean

V^xX-LV. JliXO I'" 'opportunity to secure extra- UIjl IjLiVJ_L £1^

MATTINGS! °fe7eFSLnrGo oj.

Byce's "Haiid-Lotnii" Carpets!

Ryce's "Family" Carpet!

BYCE'S CARPET HALL!

very cheap. Stock of Lookim

«iiaFine

Ik-mI IiiuihIh,

95r..f,"joi.u

,,r!'e

77.

WINDOW GLASS, WHITE LEAH, OILS, PAINTS,

TI RPENTINE, JAPAN,VAKNiSHKN, MMiKHKS ANI

A I N S A E I A N A

R. BUCKELL,

Great Clearance Sale

HOOP SKIRT FACTORY

AlfD FANCY BAZAAR,

ASK FOIt Til

Si) Main Street, between Hrl an*! 4th Sts.

VI)ll?\TT FLAVORING 1 EXTRACTS,

THK IT It KST A.M BUST IS USE. jyiMly

GRAIN DEALERS.

JOHN HANEY,

Commission Merchant,

And Wholesale and Retail Dealer in all kinds of Grain. Warehouse on North First Street, at Canal Basin. Terre-Haute, Indiana.

Strict attention paid to receiving and forwarding goods. iel8dwtf

K. OIFFORD, V.S.,

TREATS ALL

Diseujes of Horses and Cattle

llospital and Office, corner of 5th and Eagle streets. Terre Haute. Ind. oct9wly

v.j*- .a i. v« j..

I'l'li'vUk? I

KYCE'S CARPET HALL

MATTINGS

31 AT TINGS

In view of new rrangeTrado, NOW is tho time for Housekeepers to make selections lATiiiflUI dkI ac. from the best Stock of Ooods 1IIUOH ftllrtHeb in tho State. Our Lace Cur

ments tor the Fall Trade, WindOW S]ia(1eS

tains are very choieo and

Window Shades!

Painter,

Ohio Sti'ffit, opi». Maj oi-'s Oflice, KiiMemeiil.

With a large Stock of tlie abovo material of the bostquahty, carefully selected bv practical tests 1 mil prepared to sell AT TUB LOWEST CASH PHTCR.

huglr, li:iui!er*, Vc., fniiii fb.-'.n jut 1(»i) |ti

Window (ilasH, extra quality, trom per liux

Aqent.fov Plate, Stained unl Emimclt'd Glass.

SPECIAL TERMS TO THE TRADE.

PREPARE FOR

TJri-t:

URIAH JKKKKRS. I HA IIKI.A N. I. KI.IHHA llt\KN

U. R. JEFPERS & CO.,

Wholesale dealers in

Yankee Notions and Cigars, And Commission Merchants,

No. 140 31 it in Street, Keep constantly on hand a full assortment ol

ITOTIOITS,

I Comprising

Fancy Goods, Dress Buttons, Combs, Brushes, Jewelry, and Trimmings, Threads, Needles, Stationery,

Hosiery and Cigars,

AT WHOLESALE ONLY. arpil-ldwtf

MM.

JOAB,

Attorney at Law,

Terre Hnute, Ind.

Claim* collected and Entateu .Vaanxeil. I Office—On Ohio street, south side, between 3d and 4th streets. jytiwGm

IHew YorkCircus.

Erom the Hippotheatron Iron Busldings, 14th Street, opposite tho Academy of Music, Now Yor L. B. LCXT DIRECTOR

AT TERRE HAUTE,

Thursday, August 18th,'

Performance

Afternoon Mt 2 1-S. Kv«nin«: at It should be distincly understood that this establishment is

THE ONIY EIRST CLASS CIRC IS

in America permanertly established in large city, conducted in metropolitan style, and which has acquired a metropolitan reputation With the New York Cireus will bo found the name of

M'LLE CAROLINE HOLLAND, beyond all question tho must daring and accomplished lady rider living, who excutes nil her \\ondcr.iiis flichts «.r from a IIAKKItAt'1. HOItifK.

THE fill EAT MELVILLE, (With his I'll uniting In I'm lit Soil.) whoso darina bareback StocpIeCliaso Act li: rendered liiin celebrated throughout tlie world,

ItOHEKT STICK NKY,

The Champion Eiiupstrian, without exception the bestijeneral perf.iriner who

mil

Iiiih

ever hve.l,

whether in his astounding fents upon finirle horse, or in his superb act upon

Fhii

buck Steeds—thus presenting the

li ire--

BEST Riles AMKin

In one Company, a combination rtlucJi c.innot be e.intiled in any Kmo. trian in the world.

JOE. PENTLAND, TheUreat American Clown WILLIAM CONRAD.

The Champion Trick Clown II. IE. WTLLIA3IS, The tirertte-1 of Knglif:h Ief-ter.-

WITH

A 'litt a mt llflh ii iit I'orjts Arrohtt ts. lonuniK ii array of I 1KSTI I.ASS I AI.KSi'l' in every department ..I E.iuestrmn an.I Acrobatic art never before equaled on tin-: continent. One of tlie greatest features ot the New York Circus is Vrof. C/ias. liosirotft's Ilrass and lived Hand.

This lilllid is THHKK T1JIKH AN I.ARlIK us any band ever attached to any other Circus, and will parade the principal streets about HVi A. Al.. in tho largest, most massive and elaborrtely carved and decorated (r O DEN li Ii I T.

Kven constructed, and drawn lv Tli«'

IIiiimIsoiim'sI Tchiii

il If oincn

that tho world can produce. The uni form ot this Baud is in the style of tho French Imperial Cent Garde, being gorgeous beyond desciption. No Catchpenny jjide Shows allowed with this estubli.Mncnt. ADMISSION nu cents. Children under 10 years of age 2fcts. Doors open at 2 and 7 Grand Entree at 2V.. and S, P. Al. Sffi-Tickets sold in advance at U. (J. Cox & Co Book Store.

THE NEW YORK CIRCUS

Wlf.I, EXHIBIT AT III.., An*. ITIti

ADVERTISING.

Does it Pay to Advertise?

Hoes it Pay to Advertise?

The Success of Our Most Fromi nent Business Men is Amplo Proof that

IT DOES PAY

Much has b*en written in regard to Advert nig ami

Its Advantages,

And much can yet be written ii. proof ot the assertion that tho-:e who

Advertise Most Liberally,

A lib. THt MUST,

SUCCESSFUL

/a, liusi a ess En terjtri iei

Advertising Truisms.

IT BKVIYES BtSllSKSS,

IT CltEATKS Kt SINKSS,j

IT PKKSKHVKS HI SI.NKSS,

IT INCREASES Bl'SlSKSS,

IT *l'SL »tKS BlSl.NKSS

A..-*

Thoasaadi of fortuaes hare been made bj persons who possessed the secret ot placing their hutiness in a proper manner before the public, through judicious newspaper advertising.

^I|r