[Twenty Years of Congress, Volume 2 (of 2) by James Gillespie Blaine]@TWC D-Link bookTwenty Years of Congress, Volume 2 (of 2) CHAPTER XIII 29/43
In the House of Representatives a similar resolution was passed by a vote of 155 _ayes_ to 6 _noes_, 60 not voting.
No Democratic member in that body seemed willing to assume the objectionable position taken by Mr.Hendricks in the Senate, and a declaration "that all forms of repudiation are odious to the American people" was adopted without a division. The financial achievement of the National Government herein reviewed, for the four years following the war, may be briefly summarized.
The National debt was reduced by the sum of nearly $300,000,000, while at the same time the Government reduced its revenue to the amount of $140,000,000 per annum by the repeal of a long series of internal taxes.
During this period more than $35,000,000 had been paid from the Treasury towards the construction of the Union and Central Pacific Railroads, and $7,200,000 was paid to the Russian Government on account of the purchase of the Territory of Alaska.
It is also to be noted that within this period were embraced all the expenses incident to the disbandment of the Union army, and also a very large addition to the pension-list.
<<Back Index Next>> D-Link book Top TWC mobile books
|