Every man has a theory of finance of his own, and is indifferent to any other. At best the subject is a dry one. Still, the problem of providing money to carry on the expensive operations of a great war, and to provide for the payment of the vast debt created during the war, was next in importance to the conduct of armies, and those who were engaged in solving this problem were as much soldiers as the men who were carrying muskets or commanding armies. As one of these I feel it my duty to present the measures adopted and to claim for them such merit as they deserve. These volumes do contain the true history of the chief financial measures of the United States government during the past forty years. My hope is that those who read them will be able to correct the wild delusions of many honest citizens who became infected with the "greenback craze," or the "free coinage of silver." My chief regret is that the limit of these volumes did not permit me to extend my narrative to the memorable battles and marches of the Civil War, nor to a more general notice of my associates who distinguished themselves in civil life. The omission of military narrative is admirably compensated by the memoirs of the great commanders on either side, and better yet by the vast collection and publication, by the United States, of the "Records of the Rebellion." The attempt to include in these volumes my estimate of distinguished men still living who participated in the events narrated would greatly extend them and might lead to injustice. One of the fortunate results of the Civil War has been to diminish the sectional prejudice that previously existed both in the north and in the south. I would not check this tendency, but will gladly contribute in every way possible to a hearty union of the people in all sections of our country, not only in matters of government, but also in ties of good will, mutual respect and fraternity. The existence of slavery in some of the states was the cause of the war, and its abolition was the most important result of the war. So great a change naturally led to disorder and violence where slavery had existed, but this condition, it is believed, is passing away. Therefore I have not entered in detail into the measures adopted as the result of the abolition of slavery. This preface is hardly necessary, but I comply with the general custom of adding at the beginning, instead of the end, an apology for writing a book. This seems to me to be the chief object of a preface, and I add to it an appeal for the kindly consideration of the readers of these volumes. John Sherman. Mansfield, Ohio, August 30, 1895. ILLUSTRATIONS VOLUME I.