The Life and Work of James A. Garfield, Twentieth President of the United States: Embracing an Account of the Scenes and Incidents of His Boyhood; the Struggles of His Youth; the Might of His Early Manhood; His Valor As a Soldier; His Career As a Statesman; His Election to the Presidency; and the Tragic Story of His Death.Ridpath, John Clark
History
The Life and Work of James A. Garfield, Twentieth President of the United States: Embracing an Account of the Scenes and Incidents of His Boyhood; the Struggles of His Youth; the Might of His Early Manhood; His Valor As a Soldier; His Career As a Statesman; His Election to the Presidency; and the Tragic Story of His Death.
Ridpath, John Clark
Garfield, James A. (James Abram), 1831-1881
“It was not without difficulty that the conspirators escaped from
the fury of their victims and took refuge in their up-town
stronghold—the office of the Erie Railroad Company.
“During the day and morning previous, the conspirators had succeeded
in forcing many settlements at rates ruinous to their victims.”
On March 14, 1870, General Garfield spoke on the subject of the civil
service. The speech abounded in details, and was pointed with references
to classes of salaries which were too high. On April 1st of the same
session, he delivered a great speech on the tariff question. It was
characterized by its conservative avoidance of extremes, and will stand
as the best expression of modern scholarship, practical statesmanship on
this most important public question. It is probable that there can
nowhere be found an argument on the subject of the tariff which more
nearly approaches perfect legislative wisdom.
In 1870, the total amount of national bank circulation being limited by
law to $300,000,000 and largely absorbed in the East, a cry arose in the
South and West against this injustice. General Garfield drew up and
presented a bill which became a law, increasing the limit $54,000,000,
and providing for the cancellation of the surplus of notes in States
having more than their quota, as fast as the Southern and Western
States, having less than their quota, organized national banks and
commenced to issue currency. It was a just measure, and was exactly in
the line of future legislation, but the Western and Southern States had
no capital to invest for banking purposes, and consequently availed
themselves but slightly of the opportunity. The measure, however, was of
a character to allay public clamor, demonstrate the folly of the outcry
against the existing law, and facilitate the progress toward resumption.
It was the forerunner of the law, removing all limit to national bank
circulation, and making the volume of the currency adjustable to the
demand. General Garfield’s great speech on the bill, delivered June 7,
1870, has been the inexhaustible quiver from which most of the arrows of
financial discussion have since been drawn by all smaller marksmen. A
second speech on the same subject on June 15th, was but little its
inferior.
The last day of the Forty-First Congress witnessed a remarkable attempt
of the Senate to encroach upon the constitutional prerogative of the
House to originate all bills for raising revenues, the claim being that
the measure was one to _reduce_ revenue instead of _raising_ it. It was
a bill to abolish the income tax. Garfield favored the reduction, but an
encroachment which might become a dangerous precedent had to be
resisted. His argument covered the vast field of the history of the
House of Commons, the debates of the Constitutional Convention, and the
precedents of Congress. His conclusions were:
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account