Summary

Portrait of Ulysses S. Grant Ulysses S. Grant Ulysses Grant's First Inaugural Address (1869)

When we compare the paying capacity of the country now, with the ten States in poverty from the effects of war, but soon to emerge, I trust, into greater prosperity than ever before, with its paying capacity twenty-five years ago, and calculate what it probably will be twenty-five years hence, who can doubt the feasibility of paying every dollar then with more ease than we now pay for useless luxuries?
Source: Wikisource

Portrait of Ulysses S. Grant Ulysses S. Grant Ulysses Grant's First Inaugural Address (1869)

To protect the national honor, every dollar of Government indebtedness should be paid in gold, unless otherwise expressly stipulated in the contract. Let it be understood that no repudiator of one farthing of our public debt will be trusted in public place, and it will go far toward strengthening a credit which ought to be the best in the world, and will ultimately enable us to replace the debt with bonds bearing less interest than we now pay.
Source: Wikisource

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