The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1872-06-29

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RICHMOND, JUNE 20, 1872.
GREELEY,s EULOGY ON GRANT. |
At the close Of the first year Of
President Grants administration,
10 fit Of honesty that was unmar-
red by insane ambition. Mr.. Gree.
ley thus referred to the benefcent
influence which Grants honesty
and economy had exercised upon
tho credit Of the try at home
and abroad.
The quotations of gold, which
have been steadily and rapidly
going down during the past fort
night, fell yesterday till the pre-
MUM reached the vicinity OF 1873,
finctuating the greater part OF the
day > few fractions above that
point, but at one time striking a
fraction below II. The quotations
Of Government bonA during the
day indicated that they were on
the verge Of par in god, most of
the variety WAS at q gold premium
ever it's face value.
That the day Of which We are
able to chronicle these favorable
financial facts were also the day
that marks the termination Of the
first year of Presidents Grants
admin stration ofpublic affairs. is
a circumstance which the country
will not loss sight of and which the
frierds of the President will OBJ.
serve with unfeigned joy.
No one who has observed the
fluctuations will believe that there
is any MOI likelihood of gold res
turning 10 $50 than there is of re-
turning to 200. II has not gone
down through speculative combi-
nations, but through the operation
of general causes that are not with>
in the control OF the Gold Room.
The things, however. for which
the Administration deserves the
highest credit in connection with
the improvement in our financial
condition, are such as relate to the
carrying out of Grants policy OF
honesty and retrenchment. When
by his election, the country and
the world received assurance that
the financial honor of the Governs
ment would be maintained when
the policy Of reputation was
spurned by the people, and Con-
gress gave its pledge to support
the public credit by paying the
principle aud interest of the debt
in gold-the first great steps to-
ward financial redemption were
taken.
When Grant announced his brie
and simple policy for remedytnf
the confusion Of our financial stat'
when he began practically to carry
out the programme he had an
nounced, it was evident that VI
were about to take q long strid'
toward the settlement Of GU
troubles. To say that the deb
has been decreased during the yea
Of his administration a hundred
million dollars is but to represen
small part Of what has actual.
been achieved
It is not by the display OF an.
immense genius, or Of any gigsnti
or mysterious plan that shes
great results have been wrought.
It's bv the carrying out OF fey
simple principles, the principle
of honesty and economy, whic
President Grant announced on
year ago. There can be no NOR
beniicient natural genius than
found in the power to perceive an
enforce those principles. An
having ai6ed in the election
Grant, it gives us pride and JOY
be able at the close Of the FIR
year of his administration to poll
the country to the results TIL
have already been achieved
speak of the growth of the nj
tional welfare, a. shown in Il
financial improvement no less ths
in the consummation Of the peac
full policy of reconstruction
The Cundurango newspape
have discovered that Mr.. Wilss
was once a Know-Nothing. Th,
y,n~a MT 1;sOn~nrA1 hn-nvo, ~