"_Resolved_, That when the medal shall have been struck, the President shall cause a copy of this joint resolution to be engrossed on parchment, and shall transmit the same, together with the medal, to Mr. Field, to be presented to him in the name of the people of the United States of America. And be it further "_Resolved_, That a sufficient sum of money to carry this resolution into effect is hereby appropriated out of any money in the Treasury not otherwise appropriated. "Approved March 2, 1867." Immediately on his return to New York Mr. Field sold enough of his cable stock to enable him early in November to write to those who had compromised with him in 1860 and enclose to each the full amount of his indebtedness, with seven per cent. interest to date. One check was for $68 60, another was for $16,666 67; in all he paid $170,897 62. The New York _Evening Post_ wrote of this act: "We hope we do not violate confidence in stating a fact to the honor of a New York merchant, which, though a private transaction, ought to be known. Our fellow-citizen, Mr. Cyrus W. Field, whose name will always be connected with the Atlantic telegraph, has twice nearly ruined himself by his devotion to that enterprise. Though a man of independent fortune when he began, he embarked in it so large a portion of his capital as nearly to make shipwreck of the whole. While in England engaged in the expedition of 1857 a financial storm swept over this country and his house suspended; but on his return he asked only for time, and paid all in full with interest. But the stoppage was a heavy blow, and being followed by a fire, in 1859, which burned his store to the ground, and by the panic of December, 1860, just before the breaking out of the war, he was finally obliged to compromise with his creditors. Thus released, he devoted himself to the work of his life, which he has at last carried through. The success of the Atlantic telegraph, we are happy to learn, has brought back a portion of his lost wealth, and his first care has been to make good all losses to others. He has addressed a letter to every creditor who suffered by the failure of his house in 1860, requesting him to send a statement of the amount compromised, adding the interest for nearly six years, and as fast as presented returns a check in full. The whole amount will be about $200,000. Such a fact, however he may wish to keep it a secret, ought to be known, to his honor and to the honor of the merchants of New York." It was at this time that Mr. George Peabody gave him a service of silver, and asked that this inscription should be engraved on each piece: