Despite large annual reductions of the rates of taxation, the public debt has been reduced during General Grant's Presidency at the rate of a hundred millions a year, great financial crises have been avoided, and peace and plenty prevail throughout the land.
毎年税率が下がっているにも拘わらず、国債はグラント将軍の大統領任期中に1年に100万の単位で減り続け、大きな財政危機は回避され、また平和と豊かさが国中に行き渡った。