| Internal revenue tax | $82,000,000 |
| Income tax, (repealed,) | 30,000,000 |
| Duties on imposts, | 58,000,000 |
| ——— | |
| Making a total reduction of | $170,000,000 |
The reduction of the yearly interest on the 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 and faithful administration of the national Treasury, induces the undersigned to express the confident belief, that the general welfare of the country, the interests of its commerce and trade, and the consequent stability of its public securities, would be best promoted by the re-election of Gen. Grant to the office of President of the United States.
New York, Oct. 4, 1872.
PHELPS, DODGE & CO.,
GEORGE OPDYKE & CO.,
A. A. LOW & BROTHERS,
JOHN A. STEWART,
VERMILYE & CO.,
JAY COOKE & CO.,