Chapter 73

PREPARATIONS FOR RESUMPTION OF SPECIE PAYMENTS. Annual Report to Congress on Dec. 2, 1878--Preparations for Resumption Accompanied with Increased Business and Confidence--Full Explanation of the Powers of the Treasurer Under the Act--How Resumption Was to Be Accomplished--Laws Effecting the Coinage of Gold and Silver --Recommendation to Congress That the Coinage of the Silver Dollar Be Discontinued When the Amount Outstanding Should Exceed $50,000,000 --Funding the Public Debt--United States Notes at Par with Gold-- Instructions to the Assistant Treasurer at New York--Political Situation in Ohio.