The weekly standard. [volume] (Raleigh, N.C.) 1869-18??, 1869-12-15
How strange, Yet How True .

| When the Tennessee statesman O vacated
the White House, the national debt was o1
such magnitude, that few even hoped for il
reduction, and none. not even the most saa1
4 guine entertained the most remote idea<pi
| its complete .extinguishment short Ola cen
tury. Extravaganza was the ruling of the
johnson administration IN every depart
ment, and the only financial talent exhibited
through its whole term tended to- add its
/ millions to The. greatburden. IA W :
President Grant has been in Office little
over nine months, and the debt has been re-
duced more than secenty-sie millions. and the
reduction continues, and will go on, through
the remaining three years, at the same ratio,
which will give, at the end of the present
administration a grand reduction of over
three hundred millions Of dollars, $50
This reduction has been brought about
through the strictest economy, and as devel-
opments are being made, other and a more
rigid policy will be inangurated, which, if,
carried out by future, administrations, we
may safely calculate that the entire public
debt will have been discharged during the
present century. 80 iJia eJ.'nf7b"
This is indeed gratifying to the Republi-
can party, sinceit has been charged upon it,
and is daily being charged by the fault fin
ders and the haters of the Government that .
corruption turks in high places. and that
the Republican party is the spells party at
the cost oil the public treasury and the. in I
jury of the national credit ~ secs.
At the time upon which the President as
sumed the control and the direction OF the
affairs of the natl n, every branch OF the
government was ina state of confusion and
financial embarrassment, that was caiculat d
to battle common minds, and bring about a
feeling of distrust, bordering almost ON dies
pair, and an abandonment of the credit OF
the country to the fate of bankruptcy and
dishonor. '"
Rising superior to the occasion, and sec
onded by Republican Congress, plans
were laid and matured, which have worked |
to the glory of the country, and spanned our
horizon with bow of promise of still bright
er future, and name that will live afterthe
great men who now figure in the councils of
The nation shall have been registered among
the dead. t-..... s.......-.,. .,-. ..s.. ~
1t is strange, and yet it is true, that this
S the work of the Republican party; strange
,nly to those who have predicted different
'esult, still it is but the fulflment of the oft
'epeated promises of the national Repub-
leans, only in part, as grander results are yet
n the future HsI
Looking these facts boldly in the face,
With consciousness that they cannot be
lenied, We take courage, and say to our Re-
publican friends, in our own State, tha. the
lark days for North Carolina are passing
1pidly away. Let US take courage, also
ct US confde in the superior wisdom of
mr. leaders-let us uphold their hands,
trengthen them in their exertions to place
he country high above the influence of
he enemy, and the day is not distant when
he tide will turn. and the burdens of taxa
on will be liffed-our State debt will be
Unfinished. and finally paid, and our State
redit, which has suffered temporarily,
trough the Misrepresentation and .croak 6
lgs OF the Democratic leaders, will be re '
ored, and North Carolina will come forth 7
deemed and proud. s-..st.r .L t