REMONETIZATION OF SILVER.
The money or currency question has long been a disturbing factor in politics. During the war the silver currency had been out of circulation, its place being taken for awhile by postage stamps and afterward by "shinplasters," which were paper fractional parts of a dollar. In 1873, Congress made gold the exclusive money standard. Silver depreciated some ten per cent., and the "hard money" people opposed the measures that were set on foot to remonetize silver; that is, to bring it into circulation again. Such a bill was passed, then vetoed by the President, promptly repassed over his veto, and it was ordered that the coinage of silver should proceed at a rate not to exceed $2,000,000 a month. About this time (December 18, 1878), gold and paper money for the first time in seventeen years was of equal value.
GRANT AT WINDSOR CASTLE..
In accordance with the law of 1875, specie payments by the United States government was effected January 1, 1879. At that time there was an accumulation of $138,000,000 in the United States treasury, nearly all of it gold, representing forty per cent. of the outstanding bonds. The mere knowledge of this fact so strengthened the public credit that, instead of the anticipated rush on the 1st of January, only $11,000,000 was offered for redemption. The problem of specie payment proved to be a bugbear.
THE FISHERY AWARD.
By the treaty of Washington, signed in 1872, Americans were allowed to take fish of every kind, except shellfish, on the seacoasts and shores and in the bays, harbors, and creeks of the provinces of Quebec, Nova Scotia, New Brunswick, Prince Edward's Island, and the adjacent islands, without restriction as to the distance from shore. In return for this privilege, our government agreed to charge a duty upon certain kinds of fish brought by British subjects into American harbors. There were other mutual concessions, and, in order to balance matters and make everything smooth, the whole question was placed in the hands of an arbitration commission, which began its sessions in the summer of 1877, at Halifax. The commission included a member appointed by the Queen, one by the President, and the third by the Austrian ambassador at the Court of St. James. Our country was astounded by the verdict of this commission, which was that the United States should pay the sum of $5,000,000 to the British government. Even England was surprised, and our government was disposed to refuse to accept the verdict; but to do that would have established a bad precedent, and the sum named was paid to Great Britain in the autumn of 1878.
THE YELLOW FEVER SCOURGE.
Yellow fever has been one of the most dreadful scourges that our country has suffered. It first appeared on this continent in 1780, when Boston was ravaged in the summer of that year. It afterward appeared in New York and Philadelphia, especially in 1793 and 1797, after which its visitations have been mainly confined to the South, where the sanitation measures have been less rigid than in the North. It has been proven that strict quarantine and absolute cleanliness are safeguards against its entrance, though, after the frightful plague has once appeared in a place, it is impossible to stamp it out. It subsides before the approach of frost and cold weather, and the cure for those smitten is to carry them to cool elevations. Thus far science has not been able to discover the real nature of yellow fever, nor to provide a remedy. It has been established, however, that it is due to bacilli or disease germs, as is the case with cholera, consumption, and many other diseases, and there is reason to believe a specific remedy will soon be brought to light.