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rency from a credit to a specie basis has not received the attention which its great importance demands.

It is evident now, however, that we are on the eve of a thorough discussion of the subject in all its bearings. Properly to investigate United States money, reference must be made to the laws relating to coinage, legal tender, and the money standard.

No publication, that I am aware of, contains this information in brief and convenient form. To meet this requirement is the object of the work now given to the public, which, it is proper to say, has been prepared hurriedly, amidst the cares and duties of my official position. The views which it contains are my own, and for them I alone am responsible. If it shall be found useful to the public in the examination of questions so closely connected with our depressed industrial and business interests, and the future prosperity of the country, it will be a source of satisfaction to me, and more than repay the labor bestowed in its preparation.

WASHINGTON, D. C.,
June, 1877.

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