Recollections of Forty Years in the House, Senate and Cabinet An Autobiography.
CHAPTER XXIV.
THE PANIC OF 1873 AND ITS RESULTS. Failure of Jay Cooke and Co.--Wild Schemes "for the Relief of the People"--Congress Called Upon for Help--Finance Committee's Report for the Redemption of United States Notes in Coin--Extracts from my Speech in Favor of the Report--Bill to Fix the Amount of United States Notes--Finally Passed by the Senate and House--Vetoed by President Grant and Failure to Pass Over His Objection--General Effect Throughout the Country of the Struggle for Resumption-- Imperative Necessity for Providing Some Measure of Relief.