From the National Mtellige,acer.
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From the NatiO',at AlteHagefacer.
The following portrait is from the pencil OF the
(NewY ork Enquirer, Dec. 49, one OF the most vio-
lent of the opponents of the present Administration,
and of course, of the national policy which has pro-
duced the results which he describes. Hear him
Again we say, hear him
"When we look round and see the peace and
plenty which regns throughout the ian0 the ripe
harvest; the crowded tlocks the trees bending to
the earth with golden fruit the white sails OF COM
merce; the hardy plough the swift shuttle, and
all the prosperous branches of industry when we
see education extended, and learning prevail reli-
gon, unmxed with bigotry, encouraged, and good
faith rewarded when the blessings Of health have
been also secured to us--our gratitude, tor all these
signal benefits, should be sincere, unbounded, and
deyout.


| The Richmond Whig in an address to the friends
of Mr.. ADAMS, justly observes that " when JAMES
MADISON is with them, they need not tear the re-
suit"


The Treasury Report which we presented yester-
day, is in one vieS verv cheering, as 1t shows an
abundant revenue aud diminishing debt. About
sixteen millions and nalf of the principal OF the
debt have been exnguIshed in three years. not only
without new burdens but during the same TIME
nearly twelve mi lions Of interest have been regu
ary paid while all the expenditures for the public
service have been going on, and III some cases extra
ordinary appropriations have been made. Inc no
minal debt will, on the LIST January 1898, appeal
to be 81 millions of dollars but, OF this amount
seven millions are invested in the stock OF the Banl
of the United States, which, under all clrcum
stances will be worth the cost; SO. that sum is no
in fact debt, but beneficial investment whicl
produces good interest. Then there is furthe
sum OF i3 millions Of per cents, which as it can
not by law be bought by the Sinking Fund at pric
over Is per cent. will not with the interest Of mt
ney exceed S per cent? be paid oft, and ma
therefore be deemed rather as constituting permi
nent per cent. annuities, than part of the debt
be redeemed as soon as possible With these d'
ductions the actual debt will amount only to Fort
seven millions of dollars that is, the whole del
of the United States, is only equal in amount
about one quarter Of the expenditures Of the Briis


(Jouern0scnt NelU York .2n,erican