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From DigitalMaine Transcription Project
interesting. The debt of the South! Why may it not be a proper subject of alarm to our Government? It certainly is no plain + straight way in which the nation must go even after its regeneration, its resusication [?]. It is intricate + beset with enormous difficulties. And it will require all the wisdom + patriotism + fidelity of our best men to carry the country through the trying period ["of reaction" inserted above the line with a carat] which invariably follows war. But H.G. was sounder in the views he expressed, and certainly they were more in