James Garfield
(March 4, 1881 to September 19, 1881)
Born: November 19, 1831 Died: September 19, 1881
Political Party: Republican Previous Occupation: Teacher, public official
Elected From: Ohio Vice President: Chester A. Arthur (1881) Cabinet Members:view list
Other Government Positions:
· Member of Ohio State Senate, 1859-61
· Member of U.S. House of Representatives, 1863-80
· Elected to United States Senate, 1880
Presidential Highlights:
· Ordered the U.S. Treasury to deem federal governments bonds in order to reduce the national debt. Bondholders had been promised 6% interest. The federal government paid 6% to bondholders who cashed in their bonds. Those who kept their bonds earned 3.5%. This policy saved taxpayers roughly $10 million.
James Garfield