Wyandot County Republican. [volume] (Upper Sandusky, Ohio) 1869-1903, 1873-03-13

President found gold worth 1919; his
second term commences with gold at
1141s. Four years ago United States
bonds were worth in London 81 and In
Frankfort S61s. Now they are worth
9S4 in London and 951R in Frankfort.
Upon Inauguration Day in 1869, the pub
lie debt was So, ,544, 1886, ,904. On this 4th
of March, 1878, it is only 80, 157, $50 200.
The four years of President Grants Ad-
ministration represent a reduction in the
premium on gold of 131s per cent, an
advance of 81 per cent. in London, and
of II per cent at Frankfort, on the value
of American securities, and Gquida-
ton of 1868, 956, ,204 of the national debt.
No comment could add to the force OF
this financial exhibit, except to direct at
tention to the equally gratifying fact that
during these four years, while the Gov
ernment credit has steadily appreciated, l,
as shown by the decrease in the gold pre-
MUM, and the advance in American Sc
| curities in Europe; and while taxation
has been maintained at point sufficient
ly high to enable the Government to dis
charge fifteen percent. of its entire obli'
| gatiens, the general prosperity of all the
people has increased rather than dimin'
ished.
The amelioration of the political con
dition of the country has not been less
decided and gratifying than its financial
Improvement has been unexampled and
beneficent. President Grant found the
South, under the malign influence OF
Johnson's reactionary policy, discomfort
ed, turbulent, and again rebellious. de
commences his second term with every
State fully represented in Congress, sno
a reign of peace and an apparently hon
est purpose in every part of the South
Louisiana alone excepted, to return to al
unqualified allegiance to the Union anc
the Constitution.
In his foreign policy the President ha
been equally wise. Against an intrig
uing hostile faction in the Senate he stead
lily adhered to his early announced deter
mination to bring about a settlement o
the Alabama claims question, and f1nall.
succeeded, against the clamors of dicta
torial and hypercritical press, and tn
bitter opposition of a clique of ambition
and designing politicians, who were will
, ing to endanger the peace of the countr.
rather than permit an administration, t.
, which they were inimical, to reap tn
, just credit due to an honorable settlemen
of long outstanding difficulty. But i
J this, as in all the great questions whic
, have demanded solution at the hands G
the Administration, the people have ret
ognized the honest purpose, enlightene
wisdom, and firm integrity of PresideI
Grant, and have lent to his efforts tn
i sanction of pronounced and authorit'
7 tive public sentiment.
e The close of President Grants fir
$ term leaves to the country as an accen
4 plished fact the invocation of his inaugl
2 raj: "Let us have peace" 1t is no mol
than just to him to declare that the r
nown of his military achievements hs
been titly and honorably supplements
by civil career unexcelled in the pract
cal results of wise craftsmanship by tn
of any one of his predecessors. If at Il
;. end of his second term, upon which
e enters so auspiciously to-day, it can
! tIuthfully said that it has been as success
0 full and as prosperous as the first, he ms
retire from public life with a degree
I satisfaction equal to that expressed by Il
J. first President upon a similar occasion
4 and be created with like. testimonials
v affection and regard by the whole peopl
' -Chscdg0 Inter- Ocean.