Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1870-09-07
speaker Ilalnc's Letter of Acceptance
AUGUSTA, Maine August 4, 1870
Hos JosErn BAKER,
Chairman District Convention:

tlAHNil u NNINN Ah ny sNAf r.
mont Of your favor advising me Of the fact
that had again been nominated Tor h.eRre-
sentative from the Third Congressional DIS
trict desire through you to express to my
political friends the profound sense OF o6hga- |
lion | feel for this removed and emphatic cX-
preston of their confidence Approaching
rs [ do most fully. the moral worth, the gen.
cral intelligence and the high character ofmy
constituency. | confess that il is source OF
grateful pride that have been enabled to re-
tain so steadily and for 80 loig period their
good will, their sympathy and their support
In accepting the nomination with which am
thus again houored, | may be pardoned'
trust. for dwelling at some length on the Is
sues involved in the pending election, and the
relative claims Of the Republican and Demo-
cratic parties and popular confidence
10 is seventeen months to-day since General
Grant was inauguratcd as President Of the
United States When he was invested with
the Executive authority, the National Debt
amounted to s2.52j, 1913, 260 On the first
day of tine present month the total debt was
s2.369 40 showing reduction ia the
period referred to Of the enormous sum of
.sljG13S,7Si-at the rate Of considerable
more than one hundred millions per year.
During the seventeen months Immediately
preceding General Grants accession to the
Presidency when the Democratic party had
control in the councils Of Andrew johnson,
the National Debt was increased more than
thirty millions of dollars am writing with
the official reports Of Secretary McCulloch
and Secretary Boutwell, before me- aud the
accuracy Of these figures cannot be success
fully questioned.
But suggestive as these results are, the
whole truth is not yet told-ior 1t must be
remembered THAT the enormous reduction OF
the National Debt under the administration
OF General Grant has been achieved with oil.
minishod sources of taxation as compared
with those iu existence when the debt was so
largely increased under Andrew johnson.
This fact demonstrates very conclusiyely two
very important points viz; first that the
revenue has been objected With far more
scrupulous honesty and ozactness under Presi-
dent Grants Republican administration than
/ It was under President Johnsons Democratic
Northumberland, second, that the public
money has been disbursed with far greater
economy and care under the one than it was
under the other Contrasting the two peri
obs Of equal length, the one undcr Democratic
influence, the other under Republican inhu-
eucc, aud the difference to the National treas
ury IN favor of the latter exceeds one humid
rcd and eighty-six millions Of dollars, just
about eleven millions per month-well nigh
four thousand dollars per day. And this diff
ference is exhibited, be il remembered, when
the Democratic party did not have full sway
in the government. They had control Of the
President, but were under the continual and
wholesome restraint Of a Republican Con-
gross What the Democratic party would do
d e'o'neu Wl'h en'Ie power 10 al tne depart
meutS OF inc government Will we trust De
leit for long period 20 the Imagination OF
mon without 1,itip, ms tho bitfar f-pits Of rs
,....4;..l -o.l;1,,;,9 WIT c,-,,s 80 r,r,,,
r:l III
"lN'on vi inc Na'l1uHl laln Nouu pe re-
sorted to may be inferred from the declara.
tons of their conventions and the speeches OF
rp,pv Of tbe;r loadip,, man Ono ~ the mos,
.;i;....,.l - al ,-.lt.ti. II
of DESTROYING the National credit under Demo
cratic rule would be the payment from In,
d, National treasury Of all southern claimant
for losses inflicted by the war This is no
an ipferenee-for il Is boldly ayowed nv lead
q ing Democrats in both branches Of Congress
In April last, during the tendency of bill
in the Senate introduced by Mr.. Howe O
Wisconsin, to pay ioyai citizens for quarter
= master and commissary stores taken during
, the rebellion a Democratic Senator, Mr.
r NcCreery moved to strike out the wore
i loyal and supported his motion by al
earnest speech. On the Dist Of May, Mr.
- Knott Of Kentucky, an able frank and fear
3 less gentleman, one Of the leaders on tn
@ Democratic side Of the House, speaking OIL
Z this question used the following language:
e. But. sir. this /, not all. nor half bny
boon pcaking Of only so much of our debt as "
@ have given our notes for. Besides this we owe
b el '4e Iyy loMe't elIulaIIlon, goo
bcSrJ ' mucb bst nv ca -, o on I ,e "g
whom of nh Others NE are under me- mkt sacrc
obligation % pay We owe il 10 the Door. who.