Rensselaer Union, Volume 5, Number 6, Rensselaer, Jasper County, 31 October 1872 — A Circular from the Leading Financial Men and Merchants of New York City. [ARTICLE]

A Circular from the Leading Financial Men and Merchants of New York City.

Thk undersigned, merchants, bankers and business men of New York, respectfully submit the following statements for the information of all parlies lnt rested therein : The Republican candidate for President of the United States is General Ulysses 8. Grant, who was unanimously named for reelection at Philadelphia in June last. At the commencement of General Grant’sfirst term of .office. March 4, 1869, the national debt was $2,525,000,000. On the first day of September of the present year there had been paid and canceled of tbe principal of this debt, $348,000,000, leaving a balance of principal remaining unpaid at that date, in accordance with tbe official statement of tbe Secretary of the Treasury, the sum of $2,177,000,000. Of this amount, $1,777,000,000 are represented in a funded debt, bearing interest in gold, while $400,000,000 remain unfunded in treasury circulation. Up to the close of the last session of Congress, the annual redaction of taxes, as measured by the rates of 1860, had been as follows: Internal revenue tax $82,000,000 Income tax (repelled) 30,000,000 Duties on 1mp0rt5..........J. 1 8,000.000 Making a total redaction of $170,000,000 The reduction of the yearly Interest on tbe public debt exceeds the sum of $23,200,000, of which $21,743,000 are saved by the purchase and cancellation of the six per cent, public securities. A careful consideration of these results of a prudent add faithful administration of the national Treasury induces the undersigned to express the confident belief that the general warfare of the country, the interest* of Its commerce and-trade, -and the.. consequent stability of its public securities would be best promoted by tbe re-election of Gen. eral Grant to the office ot President of the United States. Phelp*! Dodge A Co., E. D. Morgan A Co., John C. Green, George Opdyke A Co., Moses Taylor, H. B. Clamn A Co , John A. Stewart, Drexel, Morgan A Co., Wm. 11. Aspinwail, Henry Clews A Co., — —A.-4-Jsw A-3«o«-. Rob't Lennox Kennedy, Wm. H. Vanderbilt, Jonathan Stnrges, S. B. Chittenden A Co., Johfl Steward, Morton, BHee A Co., Harper A Brothers. James G. King's Sons, J AW. Seligman ACo., Booth A Edsrar, Henry K. Plerrepont, John D. Jones, J. A J. Stnart A Co, Henry F. Vail, Emil Saner, Frederick S. Winston, William Orton, Peake, Opdycke A Co., Edwards Picrreponl, John Taylor Johnston, R. W. Howes, Morris Franklin, Wm. Cnllen Bryant, Schultz,Sonthwlck ACo., C. L. Tiffany, J. 8. Rockwell A Co., Spofford Bros. A Co., Isaac H. Bailey, Rnsaell Sage, Shepherd Knapp, Peter Cooper, W illtams A Onion, Anthony, Hall A Co., John A Parker, ■ Garner A Co., Benjamin B. Sherman, J. S. T. Stranahan, t. D. Venmlye, Jacob A. Otto, Samuel Ti Skidmore, George W. T. Lord, Ltnyd Aspinwail, Samuel MeLean ACo , Wm M. VermUye, - It ognstine Smith.