Recollections of Forty Years in the House, Senate and Cabinet: An Autobiography. — John Shaqi
Recollections of Forty Years in the House, Senate and Cabinet: An Autobiography.Sherman, John
History
Recollections of Forty Years in the House, Senate and Cabinet: An Autobiography.
Sherman, John
Sherman, John, 1823-1900; Statesmen -- United States -- Biography; United States -- Politics and government -- 19th century
CHAPTER XXVII.
MY CONFIDENCE IN THE SUCCESS OF RESUMPTION.
Tendency of Democratic Members of Both Houses to Exaggerate the
Evil Times--Debate Over the Bill to Provide for Issuing Silver Coin
in Place of Fractional Currency--The Coinage Laws of the United
States and Other Countries--Joint Resolution for the Issue of Silver
Coins--The "Trade Dollar" Declared Not to Be a Legal Tender--My
Views on the Free Coinage of Silver--Bill to Provide for the
Completion of the Washington Monument--Resolution Written by Me on
the 100th Anniversary of the Declaration of Independence--Unanimously
Passed in a Day by Both Houses--Completion of the Structure Under
the Act.
CHAPTER XXVIII.
THE HAYES-TILDEN PRESIDENTIAL CONTEST.
Nomination of R. B. Hayes for President--His Fitness for the
Responsible Office--Political Shrewdness of Samuel J. Tilden, His
Opponent--I Enter Actively Into the Canvass in Ohio and Other States
--Frauds in the South--Requested by General Grant to Go to New
Orleans and Witness the Canvassing of the Vote of Louisiana--
Departure for the South--Personnel of the Republican and Democratic
"Visitors"--Report of the Returning Board--My Letter to Governor
Hayes from New Orleans--President Grant's Last Message to Congress
--Letter from President Hayes--Request to Become his Secretary of
the Treasury.
CHAPTER XXIX.
I BEGIN MY DUTIES AS SECRETARY OF THE TREASURY.
Legislative Training of Great Advantage to Me in My New Position--
Loan Contract in Force When I Took the Portfolio--Appointment of
Charles F. Conant as Funding Agent of the Treasury Department in
London--Redeeming Called Bonds--Sale of Four Per Cent. Bonds Instead
of Four and a Half Per Cents.--Popularity of the New Loan--Great
Saving in Interest--On a Tour of Inspection Along the Northern
Atlantic Coast--Value of Information Received on This Trip--Effect
of the Baltimore and Pittsburg Railroad Strikes in 1877 Upon Our
Public Credit.
CHAPTER XXX.
POLICY OF THE HAYES ADMINISTRATION.
Reception at My Home in Mansfield--Given by Friends Irrespective
of Party--Introduced by My Old Friend and Partner, Henry C. Hedges
--I Reply by Giving a Resume of the Contests in South Carolina and
Louisiana to Decide Who Was Governor--Positions Taken by Presidents
Grant and Hayes in These Contests--My Plans to Secure the Resumption
of Specie Payments--Effects of a Depreciated Currency--Duties of
the Secretary of the Treasury--Two Modes of Resuming--My Mansfield
Speech Printed Throughout the Country and in England--Letters to
Stanley Matthews and General Robinson--Our Defeat in Ohio--An Extra
Session of Congress--Bills Introduced to Repeal the Act Providing
for the Resumption of Specie Payments--They All Fail of Passage--
Popular Subscription of Bonds All Paid for.
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