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Updated: May 4, 2025
The result was that at last he did accept it, and he entered upon its duties with all the vigor he could command. The concern was almost bankrupt, and to save it from utter ruin Barnum advanced large sums of money from his own purse. By this means and by various other efforts, such as the re-inauguration, the famous Jullien concerts, etc., here stored a semblance of prosperity.
Then the cannon near by thundered forth the announcement that the President of the people's choice had been inaugurated, the bands struck up the national airs, and there were hearty rounds of cheers. The ball on the evening of Mr. Lincoln's re-inauguration was held in a large hall of the Department of the Interior, which had just been completed. It was brilliantly lighted and dressed with flags.
Seward, Andrew Johnson, of Tennessee, had been placed on the Republican ticket and elected Vice-President. Mr. Lincoln's re-inauguration took place under circumstances widely different from those which attended his inauguration in 1861.
Then seven States had seceded from the Union, and the President had taken the oath of office surrounded by enemies whose disposition to assassinate was stronger than their courage to execute. At the re-inauguration the Federal Government was a substance as well as a name, controlling great armies and navies, and having nearly conquered the Confederacy.
The problem of the re-inauguration of the perpetual circle of production and exchange in foreign trade leads me to a necessary digression on the currency situation of Europe. Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency.
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