REFUNDING THE NATIONAL DEBT.
Over $140,000,000 of Gold Coin and Bullion in the Treasury January
1, 1879--Diversity of Opinion as to the Meaning of Resumption--
Effect of the Act to Advance Public Credit--Funding Redeemable
Bonds Into Four per Cents.--Letters to Levi P. Morton and Others--
Six per Cent. Bonds Aggregating $120,000,000 Called During January,
1879--The Sale in London--Charges of Favoritism--Further Enactments
to Facilitate the Funding--Difficulty of Making Sales of Four per
Cent. Bonds to English Bankers--Large Amounts Taken in the United
States--One Subscription of $190,000,000--Rothschild's Odd Claim--
Complimentary Resolution of the New York Chamber of Commerce.