The Hillsdale standard. [volume] (Hillsdale, Mich.) 1851-1909, 1878-01-15
The Hon. Samuel Hooper,
chusetts, explained that:
The Hon. VIM. l.. Stoughton, OF
Michigan said:

Michigan said:
The silver coins provided for are the dollar
Of 3Si grains Troy. the half-dOllar, quarter
dollar and dime, VI the value and weight of
one-half. oBe-quarter and One-tcnth Of the
dollar respectively, and they are made "A lc-
gal tender for all sums not exceeding S5 al
any one payment. The silver dollar az now
issued j. worth for bullion three and three
fourth cents more than the gold dollar and
seven aud one fourth cents more than two
half-dollars. having a greater Intrinsic aud
nominal value. 10 IA certain 90 DC Withdrawn
from circulation Whenever we return To sDe-
Gle payments, and to be used only fOI manu-
facture and expectation Gs bullion.
II other members OF Congress did
not know what the bill meant the ad-
vocates of the measure are not to blame
The. Hon. James Pollock, then Dlrec-
tor Of the Mint, two ex-Directors OF the
Mint in San Francisco, the Superin
tendent Of the New York Assay Office.
Mr.. T. B. Elliott. Mr.. Robert Patter.
son, Of Philadelphia, now in favor OF
the proposition to discontinue the sill
yer dollar in a report transmitted to
Congress by the Secretary Of the Treas
ury, June %, 1870.
But the advocates OF the silver dol
lar, Mr.. Halstead among them, saws
that newspapers in 1S73-'74 did not
contain articles upon this subject. This
Is also untrue. The newspapers OF the
country we're informed through the
Associated Press Of the proposed reyis.
/ ion Of the coinage laws and the discon.
tinuance of the coinage OF the silver
dollar Any one will find this by ex.
amining the files OF the journals OF
/ period.
The Bankers Magazine Of New York,
which is more universally read by
financial men than any other periodi.
cal Of its class in the country, publish.
es thefull report Of the Deputy Control
Ter Of the Currency Of April %, 1870
in its number for June, 1870, in which
it is twice mentioned that the bill pro.
posed 10 discontinue the silver dollar
and the editor Of the magazine inform.
ed its readers that "copies of the en-.
tire report with tabular returns would
be supplied 10 subscribers TO The
Bankers Magazine without charge. ,
The same magazine again Februar,
1871, printed extended extracts from
the report Of the Deputy Controller ot
the Currency Of June %, 1870, contain
ing his correspondence with severa
gentlemen, in which IL Is again twic,
mentioned the coinage OF the silvei
dollar was TO be discontinued " th,
proposed bill.
Nor is this all. The Chamber O
Commerce. Of New York city, in June
1872, ten months before the passage o
the Coinage Act Of 1873 after examin
ing and considering the provision
which discontinue tho coinage OF th,
silver dollar, recommended, in n reso
luton transmitted to congress. tha
the weight OF the silver dollar should b,
made precicely equal 10 that Of the fiv,
francs silver coin OF Europe. in plac'
Of the dollar OF 3si grains, which wa
provided for in the bill under discus
sion in Congress. Mr.. T.. u. Elliott. IN
his printed letter Of June 10. 1870. ha,
previously proposed that dollar eqna
10 the pillard Spanish. Mexican piastr,
containing twenty-five grammes OF pur