died January 27, 1893. Who now living could pronounce such
a eulogy?
The following resolutions were adopted by both Houses of Congress:
"_Resolved (the Senate concurring)_, That the thanks of Congress
be presented to the Hon. James G. Blaine, for the appropriate
memorial address delivered by him on the life and services of James
Abram Garfield, late President of the United States, in the
Representatives' Hall, before both Houses of Congress and their
invited guests, on the 27th day of February, 1882; and that he be
requested to furnish a copy for publication.
"_Resolved_, That the chairman of the joint committee appointed to
make the necessary arrangements to carry into effect the resolutions
of this Congress, in relation to the memorial exercises in honor
of James Abram Garfield, be requested to communicate to Mr. Blaine
the foregoing resolution, receive his answer thereto, and present
the same to both Houses of Congress."
At the time of the commencement of this session the credit of the
United States had reached high-water mark. It was apparent that,
with judicious management, a three per cent. bond of the United
States could be sold at par. On the first day of the session,
December 5, 1881, I introduced a bill to provide for the issue of
three per cent. bonds. It was referred to the committee on finance,
and on the 15th of December, by direction of that committee, I
reported the bill with certain amendments, and gave notice that I
was directed to seek the action of the Senate upon it immediately
after the holidays. It was taken up for consideration on the 11th
of January, and, much to my surprise, met with opposition from
those who a year before had favored a similar bill. They said it
was a mere expedient on my part, that President Hayes had, at my
request, vetoed a similar bill; but I was able to truly answer that
the veto of President Hayes was not against the three per cent.
bond, but against the compulsory provision that no other than three
per cent. bonds should be deposited in the treasury as security
for the circulating notes of, and deposits with, national banks;
that President Hayes, in fact, approved of the three per cent. bond.
I made a speech in support of this measure on the 26th of January,
reviewing our financial condition, with many details in respect to
our different loans, and closed as follows:
"I say now, as I said at the commencement, that the passage of this
bill seems to me
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