Twenty Years of Congress, Vol. 2 From Lincoln to Garfield; With a Review of the Events Which Led to the Political Revolution of 1860 (Classic Reprint)

Excerpt from Twenty Years of Congress, Vol. 2: From Lincoln to Garfield; With a Review of the Events Which Led to the Political Revolution of 1860

Government finances after the war. - difficulties OF the situation. - IN trepidity OF congress. - its great task. Bill - summary OF public debt, december, 1865. - funded and floating obligations. Aggregate debt, january 1, 1866, floating obligations. - mr. Mcculloch's estimates. - his financial policy. Contraction the leading feature. - ways and means committee report A funding bill. House debate thereon. Senate debate. Final pas sage - revenue laws IN congress. - contrasted with british parlia ment. - large reduction OF internal taxes. - second reduction OF internal taxes. - contraction policy oppressive. -indirect relief. Hostility rapidly increases. - progress OF funding bill. - repeal OF contraction bill. Its evil effects. Further reduction OF internal taxes. - financial achievements OF the government. - large reduc tion OF national debt. - valuable treasury officials. - purchase OF alaska. Price, IN gold coin. - purchase AT first unpopular. - resistance IN the house - me. Washburne and general butler OP pose. - treaty ably sustained BY general banks. -interesting debate. - many participants. - p0wer OF the house respecting treaties. Chronic controversy. - the bill passed. - opinion OF judge mclean. OF mr. Jefferson. Extent OF alaska. - value OF it. - its elements OF wealth. First northern territory acquired BY the united states. - negotiation ably conducted BY mr. Seward.

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