Running unopposed, Smith was elected Governor in 1872, succeeding acting Governor Benjamin F. Conley. To many, Smith's inauguration on January 12, 1872, symbolized the end of Reconstruction and the "redemption" of the Democratic Party in Georgia. Smith was reelected in 1874, serving until 1877. During his second term, he was a delegate to the Democratic National Convention of 1876. Major accomplishments included restoring the state's credit rating by voiding fraudulent bonds and reducing overall expenditures, retiring the debt and leaving office with a surplus in the state treasury. He was a supporter of creating a state department of agriculture, and was noted for appointing the most qualified candidates to fill openings in his administration, a contrast to the patronage system that was popular at the time.