ense, but was
unable to find that any of the public money had been wasted or
lost. His report, submitted in the closing days of Congress, was
not ordered to be printed. Subsequently, on the 15th of April,
1879, after Mr. Glover had ceased to be a Member of the House, a
petition from him was presented asking that his report be printed,
which was referred to a committee, but they did not seem to think
the report of much consequence, as they did not recommend it be
printed.

The only financial bill that became a law during that session was
the following, approved May 31, 1878:

"AN ACT TO FORBID THE FURTHER RETIREMENT OF UNITED STATES LEGAL
TENDER NOTES.

"_Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled_, That from and
after the passage of this act it shall not be lawful for the
Secretary of the Treasury, or other officer under him, to cancel
or retire any more of the United States legal tender notes. And
when any of said notes may be redeemed or be received into the
treasury under any law, from any source whatever, and shall belong
to the United States, they shall not be retired, canceled, or
destroyed, but they shall be reissued and paid out again and kept
in circulation: _Provided_, That nothing herein shall prohibit
the cancellation and destruction of mutilated notes and the issue
of other notes of like denomination in their stead, as now provided
by law.

"All acts and parts of acts in conflict herewith are hereby
repealed."

I recommended the passage of this law, as I believed that the
retirement of the greenbacks pending the preparation for resumption,
by reducing the volume of the currency, really increased the
difficulties of resumption.

The session of Congress closed on the 26th of June, 1878. During
the recess the business of the department proceeded in the ordinary
way, without any event to attract attention, but all that happened
tended in the right direction. The crops were good, confidence
became assurance, and all business was substantially based upon
coin.

In consequence of the sale of four and a half per cent. bonds for
resumption purposes the return of Mr. Conant to London became
necessary. His numerous letters advised the department of the
current of financial operations in Europe. There was some fluctuation
in the relative price of United States notes and coin, chiefly
caused by our demand for gold and the appearance