Then the failures began. The banking firm of Jay Cooke & Company, Philadelphia, one of the greatest in the United States, suspended, and the whole country was alarmed. Next came the panic, which reached its height in a few months. This was followed by dull times, when factories closed, and multitudes were thrown out of employment. Several years passed before the country fully recovered from the panic of 1873.
NOTABLE DEATHS.
Many noted men died during those times. The bluff, aggressive, and patriotic Edwin M. Stanton, Lincoln's war secretary, passed away in December, 1869, shortly after his appointment to the bench of the supreme court by President Grant. General R.E. Lee, who had become president of the Washington and Lee University, died at his home in Lexington, Virginia, in 1870. Among others of prominence who died in the same year were General George H. Thomas and Admiral Farragut. In 1872, William H. Seward, Horace Greeley, Professor Morse, and General George H. Meade breathed their last, and in the year following Chief Justice Chase and Charles Sumner died. Millard Fillmore and Andrew Johnson, as has been stated, died respectively in 1874 and 1875.
MONUMENT TO GENERAL LEE AT RICHMOND, VIRGINIA.
The Democrats now gained a majority in the House of Representatives for the first time since 1860. Among the members elected from the South were several distinguished military leaders of the Southern Confederacy, besides Alexander H. Stephens, of Georgia, who had been its vice-president.
It was about this time that gold was discovered among the Black Hills, which by treaty belonged to the Sioux Indians, since the section was within their reservation. White men were warned to keep away, and steps were taken by the military authorities to prevent them entering upon the forbidden ground. But no risk or danger is sufficient to quench men's thirst for gold, and thousands of the most desperate characters hurried to the Black Hills and began digging for the yellow deposit.
CUSTER'S MASSACRE.
The Sioux are fierce and warlike. They have given our government a great deal of trouble, and, finding their reservation invaded by white men, they retaliated by leaving it, burning houses, stealing horses, and cattle, and killing settlers in Wyoming and Montana. Their outrages became so serious that the government sent a strong military force thither under Generals Terry and Crook, which drove a formidable body of warriors under the well-known Sitting Bull and others toward the Big Horn Mountains and River.