The reduction of the public debt at the rate of one hundred millions a year, as well as large annual reductions in the rate of taxation, also inspired confidence, while to the President and his Secretary of State belonged great credit for the Geneva arbitration.
This passage highlights the positive impact of reducing public debt and taxation on public confidence during a specific administration.
Share
More from De Alexander
And what have I to lose by withdrawing and leaving the party unembarrassed?
This reduced the question to ratification or secession.
Thus far Conkling's success had been as unexpected as it was dazzling.
He represented Republican principles and aims more fully than any man in the country, but Thurlow Weed, looking into the future through the eyes of a practical politician, disbelieved in Republican success.
Other voices in this conversation
