Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1871-01-12
PRESIDENT GRANT AND HIS
ADMINISTRATION.

The Democratic party is facilitating it.
self upon what seems to it the prospect of
q rupture in the Presidents Cabinet, and
asa consequence of this, the irreparable
dismemberment of the Republican party.
Their organs, East and West, North and
South are heralding with grand flourish of
headlines and high wrought composition
of articles that the present Administration
is on an inclined plane, going down to ut
ter ruin and decay. They are d~elighting
their readers with the assurance that unity
and harmony do not prevail within the
Republican ranks. They charge nepotism
and personal preferences upon the Presi-
dent in the distribution of official patron
age and assert with a seemingly e~xultant
confidence, that these will ultimate, not
only in the disintregration Of the Republi-
can party, but in the failure and disgrace
Of the Administration and the ~ascendcncy
Of the Democracy. These may all be
sweet and fattering unctions, and may
serve, for a brief period, to stay the wane
and decay of this corrupt. spoils-seeking
and country destroying party. The report
ed imbroglio between the President and
Cox and Sumner, has turned out to be an
unmitigated exaggeration, warped by an
ignoble political hate and distorted into
plausibility by ingenious falsehoods. The
= - -. ry,Nh bic ,Al,Stnol
friends, nor they with him. There may
be differences of national policy as to
home affairs and foreign relations, but
they are of the kindliest nature and con-
tain not the least germ of discord and di-
vision. And SO the machinery of the
Government moves as smoothly and sue
cessfully as the sun, resistless and unob-
structed, in the travel of his circuit. As
an evidence of the marvellous elasticity in
the financial capabilities of the country as
we'll as of its growth and advancement,
we subjoin the following from the New
York HeraM of recent date
. September l.. 1865. the public debt
OF the United states WAS ~ f.OCJ-O1I !
This was the largest amount of debt the
nation ever owed. 1t had been augment
ing vastly during the four years war,
which closed in the spring of 1860. For
the first few months after The close of the
war-that is from April TO September
n large amount of floating indebtedness
had to be adjusted, and it was this that
brought the debt up TO the highest figure
in September. But from that time 1t be-
gan to waste away. 1t has been steadi-
ly and regularly decreasing since, On
January ,, 1871, the debt was S2,3l9,664,-
800. This is the lowest point it has reach
ed since September, 1860. Thus, then,
there had been paid in the course of tive
years and 4 months S40S ,025,23l.
During Johnson's administration. or
rather, during the three years and SIX
months of his administration. from the
time the debt was adjusted and reached
the highest figure. there was paid S2l3.-
552 ,967. Since General Grant has been
Presid ent. or during one year and ten
months, there has been paid l95,312,5 S4.
This statement is based upon official re-
ports and therefore cannot be denied
Under the Democratic Administration of
johnson, running through a period of
forty-two months, there was paid of the
public debt two hundred and twelve mil
lions, six hundred and f~fty-two thousand
xix hundred and sixty-seven dollars, an
average to the month of S5,O63,l5s.-
Under the Grant administration, during
twenty-five months the S195,372,5S4 of
the debt was paid. an average of $780,
572, to the month, making the difference
of monthly liquidations, of $3,S17.414,
in favor of the present administration
This comparison is appalling to Democracy
and controverts most t~riumphantly all
their false and malignant acquisitions of
extravaganza, dishonesty, Incompetence
and hnbecility, hcralded so vehemently
and continually against the party in power
OH.