THE PUBLIC CREDIT.—FIRST LAW ENACTED UNDER PRESIDENT GRANT.— DEMOCRATIC OPPOSITION.—THURMAN, GARRETT DAVIS, BAYARD.—PRESIDENT GRANT'S FIRST MESSAGE.—FUNDING BILLS DISCUSSED.—ACTION OF BOTH HOUSES.—DEBATES.—FURTHER REDUCTION OF REVENUE.—PREMIUM ON GOLD.— MEETING OF FORTY-SECOND CONGRESS.—FINANCIAL DEBATES.—FINANCIAL PANIC OF 1873.—FORTY-THIRD CONGRESS MEETS.—PRESIDENT GRANT'S POSITION.— ABOLITION OF MOIETIES.—SPECIE PAYMENTS.—RESUMPTION ACT.—SPECIAL MESSAGE OF THE PRESIDENT.—ADMISSION OF COLORADO.—DEATH OF SPEAKER KERR.—SAMUEL J. RANDALL HIS SUCCESSOR.