BIBLIOGRAPHICAL NOTE

The writings of Rhodes and Dunning contain the best comprehensive accounts of political reconstruction. For greater detail, the series of doctoral dissertations on reconstruction in the several States, directed by Professor Dunning and printed generally in the Columbia University Studies, has great value. In W.L. Fleming, Documentary History of Reconstruction (2 vols., 1906), important selections from the sources have been printed; the same writer's Civil War and Reconstruction in Alabama (1905) is the best account of the process in a single State. J.A. Woodburn, Thaddeus Stevens, is useful. The old and new economic systems of the South receive their keenest interpretation in the works of U.B. Phillips and A.H. Stone. The Annual Cyclopædia continues valuable; the Report of the Ku-Klux Committee is invaluable (42d Congress, 2d Session, Senate Report, No. 41, 13 vols.). Harper's Weekly, which supported Grant in 1872, was the most prominent journal of the period. C.F. Adams, Jr., has contributed to the diplomatic history of these years his Charles Francis Adams (1900, in American Statesmen Series), and his "Treaty of Washington" (in Lee and Appomattox, 1902). Elaborate details of the arbitrations are in J.B. Moore, History and Digest of the International Arbitrations to which the United States has been a Party (6 vols., 1898). An interesting series of recollections of reconstruction events, by Watterson, Reid, Edmunds, and others, was printed in the Century Magazine during 1913.


CHAPTER IV

THE PANIC OF 1873

"Are not all the great communities of the Western World growing more corrupt as they grow in wealth?" asked a critical and thoughtful journalist, Edwin L. Godkin, in 1868, as he considered the relations of business and politics. He answered himself in the affirmative and found comrades in his pessimism throughout that intellectual class in whose achievements America has taken conscious pride. For at least ten years they despaired of the return of honesty. James Russell Lowell, decorated with the D.C.L. of Oxford, and honored everywhere in the world of letters, was filled with doubt and dismay as late as 1876, at "the degradation of the moral tone. Is it, or is it not," he asked, "a result of democracy? Is ours a 'government of the people by the people for the people,' or ... for the benefit of knaves at the cost of fools?"

It was not without reason that serious men were fearful in the years in which military heroes dominated in politics, and in which commerce struggled with its revolution. Had they foreseen the course of the next generation, noted the progress of new ideas in government, the extension of philanthropy and social relief, and the passion for education that swept the country, they need not have despaired. Godkin, himself, could not have made a living from his Nation, with its high ideals, its criticism, and its despondency, in a land that was wholly rotten. The young college presidents of the period could not have found a livelihood in a country that was not fundamentally sound. At Harvard, Charles William Eliot broke down the old technique of culture and enlarged its range; at Michigan, James Burrill Angell proved it possible to maintain sound, scholarly, and non-political education, in a public institution supported by taxation; in a new university a private benefactor, Johns Hopkins, gave to Daniel Coit Gilman a chance to show that creative scholarship can flourish in a democracy. But the essential soundness of the Republic was as much obscured in 1868 as its wealth had been in 1861, and for the present the objects on the surface, brought there by violent convulsion, represented its less creditable part.

The years of Grant's Presidency were filled with unsightly episodes, that were scandalous then and have been discouraging always. In his first year of office, Jay Gould and James Fisk, tempted by the premium on gold, tried to corner the market, and Grant's public association with the speculators brought upon him fair reproach. Tweed, exposed and jailed after a long fight, revealed the close alliance between crooked politics and business in the cities, and became a national disgrace. Less prominent than these but far from proper were Schenck and Frémont. The latter was arrested in France, charged with promoting a railroad on the strength of land grants that did not exist. He had been close to the old Republican organization, and the figurehead of the radicals in 1864, so that his notoriety was great. Schenck, while Minister in London, posed as director of a mining company, and borrowed from the promoters of the scheme the money with which he bought his shares. When the company proved insolvent, and perhaps fraudulent, Grant was forced to recall him. Critics who saw dishonesty or low ethical standards in these men were ready to see in the carnival of the Reconstruction Governments wholesale proofs of decadence.

During the campaign of 1872 yet another item was added to the unpleasant list. Letters were made public showing how Congressmen had taken pay, or its equivalent, from men behind the Union Pacific Railroad. The scandal of the Crédit Mobilier touched men in all walks of life, beginning with Schuyler Colfax, Vice-President of the United States, including Blaine, Allison, and Garfield, Wilson and Dawes, and other men who no longer held office. Some of these denied the charges and proved their innocence. But none entirely escaped the suspicion that their sense of official propriety was low, and their list sampled the Republican party at all its levels. One of the victims, Colfax, talked freely in 1870 of gifts received—a carriage from a Congressman and horses from an express company.

In 1872 the notorious Butler aimed at the governorship of Massachusetts. He failed to get the Republican nomination, but the strength of his candidacy showed the uncritical devotion of many voters to success. He resumed his seat in Congress, unabashed, and put through an act properly increasing the salaries of Washington officials, but applying also to the men who voted for it and to the session just ending. Its makers went home to explain their part in the "salary grab" to their constituents, and many never returned to Congress.