Mr.Schurz had been one of the leaders in the Greeley movement against President Grant and the Republican party in 1872, while Mr.Evarts was later the principal speaker at a public indignation meeting that was held at New York to denounce the southern policy of the Grant administration.

In fact, John Sherman was the only one of the Cabinet ministers that had a positive national standing, and even his brilliant star was somewhat marred on account of the impression that, as one of the Hayes managers, he had been a party to the deals and agreements that had been made and entered into as a condition precedent to the peaceable induction of Mr.Hayes into office.

It was known, or at any rate believed, that Mr.Sherman's appointment as Secretary of the Treasury was for the one specific purpose of bringing about the resumption of specie payments.

He was the author of the act which fixed the date when specie payments should be resumed.

He had the reputation of being one of the ablest financiers the country had produced.