Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1893-08-24
w. z. Carter on Sound Money
co.e!aasa ram az .cesk

taken upon the bill during the year.
Towards the close If he year 1869
however. The Urea ury Department
CT used to be prepared general rsvi-
sion Of all orr laws On tn subject OF
coiDage, aud this was put in the form
of a bill VIII CHI embodied most OF the
changes in our coinage laws, contains d
10 the l-gislqt on of 1873 This bill
was accompanied by a report recon-
mend NC IFS passage, and was sent by
Secretary Boutwell,, 10 the Sensts + :
nance e, mmittee, April 25th, 1870. In
the accompanying report it was
stated, that the dill had been submitted
to sll the min,s and assay offices, TO The
officers of The Treasury. land TO many
other gen lemen, intelligent upon thu
subject of CT image" for their sugges-
tiouS. 1t pointed out he impossibihty
of keep NO the SILVER dollar in circula-
ton, because t was worth in gold 1912
cents. Aud the many changes in our
ccinage, which would be accomp ished
by the propos. d bill, We're also pointed
OUT thus bi End report wi !, it is stall
ed, be found publish, d in the Senate
Mi C Doe No. 1872, 4lst Con. End Ses-
sion, 1870. Shortly att rwards the ST c.
retary of the I. asury sent the House
OF Representa- ives, copies of h- CORES
pondence relat NC t. that bill and re-
port. among which was a letter from
DR.. Linderman. Director + the Mint
urging the discontinu nee Of the coiu-
aye o. the silver, AMI Il az was publish
ed IN an EX. Doc. House of Rer. No.
800, 4l>t Con. 2nd ), SIS. June IS7C, "a
it is st tied. That hi passed tie SEN
ate, AIT I discuss Or. Jsn. 10th, 1874,
We IS SO nns SD. On Jan J. n. ii was
ordered print "a in the House OF Repre-
seHtatives, and re err ed 10 the Com. on
Coinag'. February 25ta, it was reporl-
ed back with substitute and again o.
dered priut-d, and recOmni te4. Noth
Ing further seems 10 have been done
w tn it that 81 s>ion. 1t was however
re-introdueei 10 the House at the next
sessi n by Mr.. Kelley OF Pa, March
10Th, 1879 and again ordered printed.
On Jan 9Th. 1872, it was reported b OK
t. the Hou and its passage recon-
met led. After discussion it was re-
ferred back TO the commit e. OnFeb.
18th, 1872, il was again reported to The
| House with amendments, which we're
printed, and the bill was discussed,
(see Cong. Globe. vol. 102, p. 2,310.)
After this discussion, IN May 9th.
1872, the bill passed The House, yeas
10. NAYS Is, and went to the Senate.
where it seems to have referred TO the
| Committee on Finance. In Deem pei.
1872. that Committee reported it back
to the Senate with amendments, and on
January 18Th. 1873, after a discussion
and explanation of its provisions by
Senator Sherman it passed the Senate
and was sent back t. the House for
concur eDce in the Senate amendments.
1t was once more printed in the House
with its amendments. 4 COMMITTEE of
conference tOGs appointed by each of the
t.1o houses to consider and adjust the DIFF
| ferenceS betsCeen them, caused by the
amendments IN the Senate TO the bill as
passed in the House. That committee
agreed and reported the terms of its
agreement to the tsOO houses, and the re-
port aOdS adopted in each Of the them.
And in that wa, the bill was pas sed,
and went to PRECEDENT Grant for APP
proval. 1t was approved by him and
became a law February 18th, 1873.
Moreover the act of 1873, did not de-
monetize the silver dollar. 1t did not
take away from those the etOfore coined,
if any of them had escaped the melting
pot, which is doubtful, perhaps. the
legal tender character. 1t simply de-
cared thai they should be no longer
coined And the simple reas Tor
that was, that the coinage added
nothing to the circulating medium.
Tney uld not circula for the reason
above stated. Instead of Il culat ng
they went into the melting pot. The
government lost the 3 cents on the dol
lar, and nobody was the gamer except
those who bought and melted them.
| The actual demonstration OF the sill
yer dollar, was acc mpli.hed bv the
Revised Statutes OF the United States,
pas spd by Congress S, June 22nd, 1874,
Secs 3 5S5 and 1856, If which provid-
ed in substance, as folows:-" The gold
coins the Tn ted States shall b. II
legal tender in al payment, OF their
nominal value &c. Ibe i yer con :
of the United Stat Is sh4ll be legal
t-nder Al The nominal value FIR any
amount no. exceeding five dollars N
any one payment. There does not
seem TO oe y pretense that the Re
vised ) atules were "claDde stinely'
enact d
Ard the 10 egoiDg condel sed fistory
of the steps leading to the passage +
the act or Feb. 12ih, 1873. if correct. as
believe it i. shows thai here il Just
as little undation for the stat mrnt
tuat that act was 'clande> timely
passed. as there is tor the claim that
any act of Congress whatever, was
'ciandestineiyn enacted and i shows
that MIR Bayard knew what he was
talking about in the speech above quot
ed. aud that the Silver statesmen" do
not Or, if they do. they deliberately
mis- state the facts | may perhaps add.
that the hit ~ Of the aet of 1873,
which lave given is condensed alb
stract of that Civ, n in the "Amelic n
Almanac tor 1873, beginn ng on p
$50, a non-part n book and east y az
ces ib.e to any one who wants TO know
and speak ths truth respecting thai
transaction have MT the Hopss or
Senate Documents. or the Congress on
al Globe referred to. before me. The
3 a. II 1