, 1879-04-20
i Of them shall be legal tender for any sum

all OF ulem Shall DC leEai aS4AoeA ~ '
whatever. -
The second section makes silver CONS e. e.
changcable In sums OF SO and It's null l!p4es Aoi
United States legal- tender money!
The third SECTION provides Tor 2 IKE exenange
Of trade dollars and Mexican dollars eonta'ui'ss
more than 81 grains OF pure sl'tt, tta ho,der of
The fourth section authorizes the no!ues ,,ua -.
silver bullion or silver foreign com 70 reeets G
for it legal-tender money ct the rate OF % 1ot
every 371 ~ grutns Of fine silver. -,
The fifth section directs the 'recolnage OF all
silver foreign coins in the Treasury. -,
The sixth section directs the application OF ~
lega1-tender silver coins in the Treasury. or that
may come into it, first, to the payment o. u u.
terest on United States bonds; second, 20 1ne
payment OF the principal of such bonds as tlaey
fall due; and, third, the purchase OF oonos lnA'
are not due.
The seventh section directs the Secretary Of
the Treasury, in exchanging legaI-tenoer notes
for silver, to pay out 81 and 81 notes Until he
shall have paid out $50, ,0O0, ,U0O.
MIR. Garfield expressed himself as favorable to
the general scope of the bill, but desired TO oner
some amendments to it IN Its details, Ihe nfs1
subsidiary silver coins may DC presented lor e1-
change from $40, as iu the bill, to SOU.
Mr.. Stephens said he had no objection to that
amendment
Mr.. Garfield also suggested that the Words
"legal-tcnder money! should be changed lnto
the term used In the law. His only serious ob,
lection to the bill was to the third section, anu
be would strike that out.
Mr.. Hawley made point OF order on Dir.
Mills: substitute. Decision reserved.
MIR. Springer submitted an amendment max.
So s5 trade dollars l'sal'sndsf TO The extent 0l
A1r. Morton hoped the bill would pass. It
was in the interest OF the people,-of
every" man, woman, and child pos,
scsscd OF single piece OF fractional
coin. The Government issued those: coins
ut par, and should redeem them at par. Unless
SO redeemed, If the Government continued TO
issue those coins, 1t was inevitable that sooner
or later they would pass at their bullion value,
which was even lower than that OF the silver
dollar, which was to-day worth about 81 cents.
Mr.. Garte!d's amendment, providing for the
redemption Of subsidiary coin when presented In
sums OF S5O, was defeated, yeas, S.; nays not
counted.
5fr. Garfield's amendment, substituting the
words "lawlul money Of the United States !"
for t'legal-tendcr money" was agreed to-.
Mr.. Springcr's amendment increasing the
legal-tender quality Of the subsidiary silver
coin to $40 was agreed to,-yeas, l23; nays, lv3.
h1r. Stephens entered motion to reconsider
Mr. Warmers amendment that subsidiary
coin shall be legal tender for all debts. public
aud private, In ail Bums not exceeding S2p was
agreed to. r
The House having reached Springer's amend
ment making the trade-dollar legal tender IN
sums not exceeding $40, MIR. Reed raised the
point of order thut the amendment was not
germanc.
Mr. Springer withdrew his amendment. say
Ing he understood tile bill would be reported
from the Coinage Committee, making the
trade dollar legal-ten(ler.
The morning hour having expired, various
amendments making the trade dollar legal
tender, for issuing fractional money, etc., were
offered, and then tile bill with the pending
amendments, including Mr. Mills substitute,
went over without action.