But not only were these dangers and difficulties and besetments and discouragements of this long strife at home, but there was also a call for the highest statesmanship in dealing with the foreign affairs of the Government during that period of war. England and France not only gave to the Confederacy belligerent rights, but threatened to extend recognition, and even armed intervention. There was scarcely a higher achievement in the long history of brilliant statesmanship which stands to the credit of our party than the matchless management of our diplomatic relations during the period of our war; dignified, yet reserved, masterful, yet patient. Those enemies of republican liberty were held at bay until we had accomplished perpetual peace at Appomattox. That grasping avarice which has attempted to coin commercial advantages out of the distress of other nations which has so often characterized English diplomacy naturally made the Government of England the ally of the Confederacy, that had prohibited protective duties in its constitution, and yet Geneva followed Appomattox. A trinity of effort was necessary to that consummation--war, finance and diplomacy; Grant, Chase, Seward, and Lincoln over all, and each a victor in his own sphere. When 500,000 veterans found themselves without any pressing engagement, and Phil Sheridan sauntered down towards the borders of Mexico, French evacuation was expedited, and when Gen. Grant advised the English Government that our claims for the depredations committed by those rebel cruisers that were sent out from British ports to prey upon our commerce must be paid, but that we were not in a hurry about it--we could wait, but in the mean time interest would accumulate--the Geneva arbitration was accepted and compensation made for these unfriendly invasions of our rights. It became fashionable again at the tables of the English nobility to speak of our common ancestry and our common tongue. Then again France began to remind us of La Fayette and De Grasse. Five hundred thousand veteran troops and an unemployed navy did more for us than a common tongue and ancient friendships would do in the time of our distress. And we must not forget that it is often easier to assemble armies than it is to assemble army revenues. Though no financial secretary ever had laid upon him a heavier burden than was placed upon Salmon P. Chase to provide the enormous expenditures which the maintenance of our army required, this ceaseless, daily, gigantic drain upon the National Treasury called for the highest statesmanship. And it was found, and our credit was not only maintained through the war, but the debt that was accumulated, which our Democratic friends said could never be paid, we at once began to discharge when the army was disbanded.