Abstract

Editorials
October 11, 1866 issue

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The reduction of the principal of the public debt, which was commenced a year, or rather fourteen months, ago, progresses steadily and in geometrical ratio. At the beginning of the fiscal year 1865-6 the U.S. owed $2,682,593,000. "The New York Times," while acknowledging the failure of the Philadelphia Convention to produce any impression on the country, is endeavoring to persuade itself and its readers that all this is due to the unwillingness of the people to see the U.S. Democratic party reinstated in power, to a sort of personal dislike of the men who have figured during the last five years as opponents of the government and of the war.

See Also:

DEBTS, Public; FINANCE -- United States; POLITICAL parties -- United States; WAR; CONGRESSES & conventions; UNITED States
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