THE DEBT AND THE CURRENCY.--The financial question to be settled included two parts: What shall be done with the bonds (p. 381)? and What shall be done with the paper money? As to the first, it was decided to pay the bonds as fast as possible, [4] and by 1873 some $500,000,000 were paid. As to the second, it was at first decided to cancel (instead of reissuing) the greenbacks as they came into the treasury in payment of taxes and other debts to the government. But after the greenbacks in circulation had been thus reduced (from $449,000,000) to $356,000,000, Congress ordered that their cancellation should stop. JOHNSON IMPEACHED.--The President meantime had been impeached. In March, 1867, Congress passed (over Johnson's veto) the Tenure of Office Act, depriving him of power to remove certain officials. He might suspend them till the Senate examined into the cause of suspension. If it approved, the officer was removed. If it disapproved, he was reinstated. [5] Johnson soon disobeyed the law. In August, 1867, he asked Secretary-of-War Stanton to resign, and when Stanton refused, suspended him. The Senate disapproved and reinstated Stanton. But Johnson then removed him and appointed another man in his place. For this act, and for his speeches against Congress, the House impeached the President, and the Senate tried him, for "high crimes and misdemeanors." He was not found guilty. [6] [Illustration: REPUBLICAN CARTOON OF 1868. "Blood will tell: The great race for the presidential sweepstakes, between the Western War Horse U. S. Grant and the Manhattan Donkey."] GRANT ELECTED PRESIDENT, 1868.--In the midst of Johnson's quarrel with Congress the time came to elect his successor. The Democratic party nominated Horatio Seymour. The Republicans chose Ulysses S. Grant and elected him. Grant's first term is memorable because of the adoption of the Fifteenth Amendment; the restoration to the Union of the last four of the former Confederate states, Virginia, Georgia, Mississippi, and Texas; the disorder in the South; and the character of our foreign relations. THE FIFTEENTH AMENDMENT.--Encouraged by their success at the polls, the Republicans went on with the work of reconstruction, and (in February, 1869) Congress sent out the Fifteenth Amendment to the Constitution. By the Fourteenth Amendment the states were left (as before) to settle for themselves who should and who should not vote. But if any state denied or in any way abridged the right of any portion of its male citizens over twenty-one years old to vote, Congress was to reduce the number of representatives from that state in Congress in the same proportion. But now by the Fifteenth Amendment each state was forbidden to deprive any man of the right to vote because of his "race, color, or previous condition of servitude." In March, 1870, the amendment went into force, having been ratified by a sufficient number of states.