The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-12-19
ENGLAND.
President CRAMPS First Message-What Is
Said Of His Policy-united states Finance
and Cuba.

from the London Times Dec. IL
The first message or General Grant has been
awaited with unusual interest. From the time when
he first accepted the nomination OF the republican
party in the short letter ending with the words,
"Let us have peace,p down 10 yesterday he has
been able to escape tie necessity Of formulating
his ideas on the general p0llcy OF his country. He
has been sedulously beset BY WreIullers and re-
porers; but these indeiaugabie persons have been
unable 10 extract from him anything III The faltest
political importance. His administration has been
colorless, TO the bewilderment Of the ordinary Ame
rlcan politician. All this mas been beneficial TO tue
nation for it has tended 10 restore that blessed con-
dltion when the peoples annals are bank. But tue
first Monday IN December has necessarily broken the
silence OF the President. Congress. met yesterday
and General Grants Message was scanned ~ every
has the President to say now that he has been COM
PEELED TO speak2
vantages OF originality, and no Eugishnan can read
the part OF the message directly dealing with the
question at Issue between the United Kingdom and
the federation without being struck by the apparent
inability Of the writer 10 comprehend how the same
iacls can be regarded from point Of view en-
tlrely different ron hts own. The President
appropriately opens his message with ex-
pressions OF tnankIuiness Tor the reconstruc-
ton Of the Union, now proSSmn ae com,
their position IN The federation at The close or the
war seven have been fully restored, and are now
again endowed with republican institutions contain
ing guarantees for the full rights Of every class 81
citizens. Virginia Is IN position 10 be added TO the
re-admitted seven, and the President recommends
THAI IL be restored to the family OF states Elections
have been held IN Mississippi ana Texas too recently
90 admit OF an estimate or the results; but
General Grant hopes that the citizens In these also
may have proved themselves worthy OF complete
rehabilitation. Georgia only n refractory. Georgia
mad been Professionally re-established but the ma
lority OF the members OF It's new Legislature had,
under several pretexts, ousted their coiored col
leages and admitted In their stead men who were
disqualified under the reconstruction laws. The
Presdent recommends Congress 10 empower the
governor OF the state TO restore the eJected men,
bers and toeniorce upon the Legislature OF Georgia
the necessity OF observing the guarantees of future
loyalty TO the Union which Congress mad provided.
Inc sentiments OF the President on the financial
situation OF the Union Will probably he more closely
studied on TINS de OF the Atlantic than views on
the VHpieon OF reconstruction, for the double rea
son that tue principles involved, being Tree from
local accidents, are more int glbe 10 u.s. and that
not lew In Europe are directly Interested In the
financial management OF the union The report of
she year ending on the 30th OF June last Is eminenty
favorable. The revenue amounted TO 1911 900 900
against an expenditure, including Interest on
the national debt. Of 1921, 500 600 This Il an
Improvement both In increase OF receipts and in a
decrease OF oufgoings, over the estimates OF Mr..
Secretary McCuloch, and the present Secretary has
been enabled to put In operation the provision of
tue act OF February 1862 so long imperative order
jug the creation OF sinking fund. The President
states that, with the present scale OF taxation anu
expenditure the entire debt might be liqnldated In
yen years; but he rightly believes that the
toaeuts resulting from such Q rapid repay