Year: 1868




expenses OF Government shouldbe kept at the lowest ebb
and that as fast rs the debt can be refunded at lower in
erest 10 should be done. We insist that with reputation
rcpndatcd by tho nation at the baloboX and with the
Government and the Treasury properly administered
shall be able to borrow money at lower rates. and
with this money TO take up existing obligations, the
issues in turn to be gradually paid OF In this way
ton Will rapidly disappear With peace IN the country
the Government can he cheaply administered and there
viii be no other dram upon the people except the re-
i've per centa year. and wealth 10 per cent Hence II
the interest were O remain where 10 Is the burden
To each nhabitant would decrease onehaf in years.
ana threequaters IN 80 years In 1885, remaining where
10 Is the debt would amount TO SIS for every nhabtant
and the yearly Interest for each inabtant would he Ia
silings or three cents week. This, however Is the
slow calculation OF the past and Is far behind des
tined future. The march OF development hereafter
TINS Continent Is To surpass all recorded examples. have
recently traversed GOOO miles OF country. have
been up and down and across that great valley miles
long ana lioO miles wide. winch Is producing, and will
IN future more and more produce. the food OF the world
and eNpanse, saw the seats OF future agricultural
wealth exceeding the dreams OF avarce In regions pop
taokess ana unmeasured spaces destined presently To
be the homes OF a mighty people. Ascending highlands
tinent saw the outstreched hand OF eNhaustless
wealth Mountain spurs and foothills ribbed and
I'm, lead silica or glass clay, poters clay, coal, and
above ALL the king of metals iron, in quantities which
out limit the movement and increase of population the
arrival on our shores OF 800 600 emigants year. enough
and who shall forecast the growth and the opuenee OF
The west But this is not all There is tho





hundred million Asiatics unlocking their ports
10 no. The Pacific railroads the giant works OF the
iuries will bring us the Oriental trade, and from San
Francisco 10 NcwYork, u new impetus thrill OF
commerce. will be felt The Far West needs railroads and
Will have them and she needs nothing else insure
marvellous development. Freedom the while diverslfes
Industry aud works resurrection In THE sllpshOp dap
dated, and hoof South Let walt what time and
peace and work will do Meanwhile lift high the public
credit and thus cheaper our interest and make our
rency rs good gold and when wealth Is treble,
and women will oftener tell how many the great
war killed, than how much the great war cost.
have occupied your time thus long without referring
tn reconstruction, which is perhaps the chef element
In the issue between parties. How men and opinions
change! Two years ago States without perma-
nent civil governments and without representation In
Congress. Then the Democratic party rampant
with Indignation the non.restoraton Of these states
They blamed bitterly charged that purpose was
Ia keep out the Southern States TIL the Presidential cleo
ton aud that did not dare to let them for OF
Granite defeat Now. what do we see Seven OF these
States fully restored They have adopted COnstitu
tiOns remarkable for their beahty and WISDOM and SUI
peror Constitutions these States had before
Tho great body OF tho people have been allowed take
part In founding and raising these Governments Not
one Rebel has been excluded because he was n /
Rebel hut only those guilty o perjury well treason
aud or the number excluded has been Insignificant
Fmr ana peaceful elections have been hcld state
governments have been elected and Installed aud /
representatives chosen TO both Houses OF Congress