CHAPTER XVIII

.

THE MAINTENANCE OF A SOUND CURRENCY AND THE PUBLIC FAITH.

Condition of the government credit in 1861--The first issue of "greenbacks"--Mr. Chandler's opposition to any increase in the amount--Taxation recommended as a substitute--Opposition to the taxation of national bonds--Arguments for payment in coin of the "greenbacks" and bonds--Advocacy of the national bank system--The panic of 1873--Resistance to every measure of inflation--Mr. Chandler's speeches in January and February, 1874--The Resumption act. 319

##