A.

Accounting, how money is obtained
from the government, 523-525;
authority of President over ac-
counts, 525; authority of heads of
departments, 525-527; use of bal-
ances, 526-531; efforts of Congress
to restrict expenditures, 527-531;
transfer of appropriations, 530;
use of money from sale of property,
531; examination of claims by de-
partments, 532; system of book-
keeping, 532; account of the pub-
lic debt, 532-534; account of de-
posit with the States, 534, 535. Ap-
propriations.

Adams, Henry, on the legal-tender
law, 69.

Appropriations and expenditures,

how made, 227; annual report on
receipts and expenditures, 228;
how contracts for supplies and
services were made, 229; how they
were executed, 231–235; commit-
tee assailed, 232; laws passed to
prevent frauds, 235; practiced, not-
withstanding, 236-238; payment|

of claims, 240; improvement in
appropriation bills, 536; how they
are framed, 536; action of Con-
gress on them, 537; sundry civil
bill, 537; deficiency bill, 537-539;
how appropriations are classified,
539; number of permanent annual
appropriations, 539, 540; number
reduced, 542; mode of paying
for printing bonds, 540; mode
of appropriating money for col-
lecting duties, 540-542; contin-
gent funds reduced, 542; river
and harbor appropriations, 543,
553; pension appropriations, 543-
545; other legislation put into ap-
propriation bills, 545; standard of
expenditure, 546; how expendi-
tures may be divided, 546; number
of persons employed and tenure of
office, 546-548; their compensa-
tion, 548, 549; mode of making
purchases, 549, 550; undertakings
by the government itself, 550;
printing of bonds, &c., 551, 552;
expenditure for buildings, 552;
different theories on which ex-
penditures have been made, 554;
how far personal and party con-

latin, Albert; National Banks.
Banks, make a large loan to Mr.
Chase, 20; plan of, for making it,
21; amount of capital associated,
24; their patriotism, 24, 36, 42;
propose the suspension of the sub-
treasury law, 25; why was the law
passed, 28; why the banks yielded,
29; plan for raising money to carry
on the war, 47-49; become unpop-
ular by increasing their circulation,
79, 80; make another loan, 112-
114; their purchase of bonds, 114;
twenty-five million loan to the
treasury, 126; increase their cir-
culation, 132; reasons for so doing,
133-136; tax on circulation, 191,
194; furnish coin to pay the loan
of 1842, 239; aid in resuming
specie payments, 301. National
Banks; Bonds; Chase; Suspension of
Specie Payments; Specie Payments.
Barney, Hiram, appointed collector,
489.

Bates, Edward, opinion on legal-
tender bill, 46.

Blaine, Rep., on reimbursing the
States, 246.

Bonds, secretary of the treasury
authorized to issue, in July, 1861,
15, 16; their nature, 15, 16; five-
twenties, 87, 88; slow sale at first,
88, 93; suspension of the right to
convert legal tenders into bonds,
93; did not sell for lack of cur-
rency, 94; secretary insists on hav-
ing them run for a short period,
95; terms of the nine hundred
million loan, 100; law unlike that
prepared by the secretary, 101;
debate on the subject, 101-103;
Jay Cooke employed to sell them,
103; ten-forties put on the mar-
ket, 104; currency inflated to sell
them, 105, 106; a delusive policy,
106, 107; rate of interest should
have been changed, 107;
bad results of the experiment,
107-112; abrogation of right to
convert notes a breach of faith,
109, 110; cost of the act, 110, 111;
bonds of 1842, how paid, 238;
six hundred million loan, 126;
authority of the secretary in mak-
ing it, 127; payment of bonds in
coin, 317. Banks; Chase; McCul-
loch; Dect.

not

Boston Board of Trade. Taxation.
Boutwell, Rep., on resuming specie

payments, 274; appointed secre-
tary and issues more notes, 282;
on funding the debt, 321, 322;
why bonds should be exempt from
taxes, 323; opposed to repeal of
income tax, 412; makes contract
for collecting internal revenue
taxes, 427; opposed to this
method, 427; on management of
the New-York Custom-house, 496;
on executing the customs-revenue
law, 503.

Cannon, Comptroller, on bank ex-
aminations, 351.
Carpenter, Senator, on the remission
of duties, 520.

Certificates bearing three per cent
interest issued to banks. Specie
Payments.

Certificates of deposit, 64, 88, 89;
debate on increasing the amount,
88-91; their utility, 92. Bonds;
Sherman; Chandler.

Certificates of indebtedness, 92, 112.
Chandler, Senator, opposed to second

issue of legal tenders, 81, 82; fa-
vors the issuing of certificates of
deposit, 90, 91; denounces gold
gamblers, 143.

Chase, appointed secretary of the

treasury, 3; declines the offer of
the place, 3; sends letter of res-
ignation as senator to the Ohio
legislature, 4; his authority to is-
sue treasury-notes, 5; and to make
loans, 6; advertises for a loan, 6;
success of, 6, 8; issues treasury-
notes, 8; their nature, 8; adver-
tises for another loan, 9; remarks
of New York Times on, 9; success
of, 9; proposals for a third loan,

10; more treasury-notes issued, 10;
recommendations to Congress, 11;
presents bills, 14; negotiates first
large bank loan, 20; returns to
Washington and issues treasury-
notes, 22; refuses to suspend sub-
treasury law, 25-28, 31; his aver-
sion to receiving bank-notes, 28,
70; banks yield to Mr. Chase on
the sub-treasury law, 25; issues
more demand-notes, 29; remarks
on bank loan in his annual report,
32; offers bonds to the public, 32;
difficulties in selling them, 33;
further negotiation with the banks,
33; issues more treasury-notes, 34;
consequences of doing this, 34–38;
errors of Mr. Chase, 40; his plan
for raising money, 48; conference
with committee about legal-tender
bill, 51; desires the demand-notes
to be made a legal tender, 75; de-
sires a second issue of legal tenders,
75-77; recommends the issue of
fractional currency, 84; not alarmed
by increase of legal tenders, 86; on
the issue of bonds, 87; holders of
notes denied the right of conver-
sion, 93; favors short-time bonds,
95; favors issue of more legal ten-
ders, 95; dissatisfied with him, 96;
recommends the national banking
system, 97, 197-200; also in next
report, 205; criticism of his policy,
97, 98, 101; employs Jay Cooke to
sell bonds, 103; issues ten-forty
bonds, 104, 105; increases the cir-
culation, 105-107; criticism of his
policy of inflation, 107-112; conse-
quences of taking away the right to
convert notes, 109-111; standard
of value changed, 111; obtains an-
other loan from the banks, 112,
113; coupon-notes given to the
banks, 113, 114; retires from the

treasury, 115; remarks on his ad-
ministration, 115-118; favors legis-
lation to stop gold speculation, 143;
on taxation in July, 1861, 159, 160;
in December, 162, 163; his esti-
mate of expenditure for 1863, 179;
resigns, 239; his opinion on making
interest-bearing notes a legal ten-
der, 251; rejoices over State de-
cisions sustaining the law, 253;
decides himself the other way, 254;
criticism on his decisions, 255, 256;
his action on coinage, 375.
Cisco, J. J., assistant United-States
treasurer, 20; obtains a loan for
the treasury, 112.
Clarke, Freeman, appointed comp-
troller of the currency, 226; on
redeeming bank circulation, 342.
Coe, G. S., suggests that banks make

a loan to the government, 20;
quoted, 25, 27; on the issue of
treasury-notes, 34.

Colfax, S., on the issue of bonds,
82; assails investigating commit-
tee, 232.

Collamer, Senator, on legalizing de-
mand-notes, 75; favors the suspen-
sion of the right to convert legal
tenders into bonds, 93; opposes
national banking system, 207, 212.
Colonne, 36.

Coin, importers required to pay coin,
63; amount of coin in banks in
August, 1861, 24, 25; in Novem-
ber, 31, 33-36. Gold; Bonds;
McCulloch.

Coinage, of cents, 373, 374; when

made a legal tender, 374; their
redemption, 374; abrasion of, 373;
attempt to secure uniformity of
coinage with other countries, 375-
377; foreign conferences, 375; ac-
tion of Senate Finance Committee,
376; revision of laws by Mr. Knox,

377; action of Congress on his re-
port, 377-379; trade dollar author-
ized, 380; legal-tender quality of
silver dollars; how taken away,
380; fall in silver, 381, 382; Mr.
Reagan's bill for restoring their
legal-tender power, 381; remoneti-
zation of silver, 382; action of sil-
ver producers, 382; report of mone-
tary commission, 383-385; criti-
cism of, 385-390; desirability of
using both metals not questioned
for many years, 386; effect of issu-
ing bank-notes on the circulation of
both metals, 387-390; effect of war
on the use of specie, 389; prospect-
ive effect of demonetizing silver,
390; bill introduced for free coin-
age of silver, 390; bill passed, ve-
toed, and passed over veto, 391;
effects of the law, 392-396; inter-
national monetary conferences, 397,
398. Specie Payments; Debt.
Compound-interest notes.
loch; Treasury-notes.
Congress, July session of 1861, 11;
recommendations of Mr. Chase, 11;
action of, 15; adjournment of, 19.
Legal-tender Notes; Chase; Mc-
Culloch; Specie Payments; National
Banks; Taxation; Appropriations.
Conkling, Roscoe, assails investigat-
ing committee, 232; his power in
political appointments, 490; con-
test over General Merritt, 490,

McCul-

491; over Mr. Robertson, 491, 493.
Cooke, Jay, employed to sell bonds,
103, 113.

Cox, Rep., opposes internal tax bill,

187; on loan of 1842, 239.
Crapo, Rep., on renewal of bank
charters, 367.

Credit of the government in 1861, 4;
rates for borrowing money, 4 mode
proposed for raising it, 5.