The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1895-07-30

read from the recort Sherman's desire 70
have IL passed quickly. the senator say"
ing that II would only take the time con-
suned in rending the bill. Harry
quoted Sherman as follows in answer 10
q question by Casserly; IF the senator
will allow me, be will see that the pre-
cedinQ section provides for coin which IS
exactly interchangeable with the English
shilling and the five franc piece OF France;
that Is the five franc piece of France Will
be the exact equivalent OF dollar OK the
United States In our silver coinage.
In reply Horr said: THAT IL right,
Mr.. Harvey. Tho bill that was reported
TO the senate and that they were then dis
cussing had in It provision for the coin
ing of silver dallars, the silver dollars
about which you talked at tbs last session
OF this debate containing 3S1' grains and
they were made with all the other silver
coins, subsidiary coins The senate
struck that provision out and substituted
the trade dollar for that 3Sl grain dollar "
Harvey--If you will show me from the
record OF the proceedings in the senate on
that day that the senate struck out that
dollar we will stop this debate right here
Horr replied: II have not the record.
but can get It, The law when 1t was
passed had the trade dollar In Is Do
you deny Jnat9'
Harvey-No sir, do not
Horr-And didn't that take the place
of the other dollars
Harvey--No sir.
Horr--I defy yon to- show a word any
where that substan tiates that position.
"The only men who opposed that
bill in the house were, Clark
son N Potter and Mr.. Brooks, both
millionalres from Wall street, both rep
resentinR the very men that you say we're
trying to impose that bill upon this coun-
try for the purpose OF aiding men who
are rich. Mr. Potter stated in so many
words the truth; he thought it was in
opportune, but he says: I am In favor
OF the gold unit. I am in favor OF that
provision of the bill. That bill became a
law by the substitution of the trade dol
lar. The law in reference to making the
gold dollar the unit of value was never
changed at any stage IN the process Of
the bill. 1t Is apparent however, that
the bill met with little opposition; not
because its provisions were not under
stood, but because at that time no one
cared very much about the silver dol.
lar"
Horr quoted letter from Senator JUS
tin S. Morrill,, of Vermont, to whom no
body, he said, imputed dishonor, in which
Morrill, said: "There has been loud
and delusive cry about the act of congress
in 1873 which after three years of consid-
GRAFTON by the treasury department and
congress purposeiy omibted to provide
for the further coinage OF the silver dol.
lar, none having been coined for nearly
forty years and only 5000, 600 having
ever been coined"
To meet Horr's argument Harvey quot
ed Sherman, In the Forty second congress,
speaking of the silver dollar: 1--WE are
providing that 1t shall float all over the
world. Again: "This bin proposes
silver coinage exactly the same as the
French, and what are called the associated
nations OF Europe [meaning the Latin
union who have adopted tho interna-
ional standard of silver coinage; that is,
the dollar provided for by this bill is the
precise equivalent OF the 5-frano piece.
Here harvey reached the passage Of the
bill by the senate with slight changes in
a few minor points, when it was referred
TO conference committee which could
settle only disputed points and could not
change what had been agreed upon by
both houses. he said, anu the SILVER
dollar clause [meaning full legal tender
dollar] was not o disputed point The
committee was composed of Senators
Scott (Pa), Bayard and Sherman, and
Representatives Hooper (Mass. }. Slough
ton mich. and McNealy (Ills)
And here was Harvey's point: He said
that in that committee the 3S4 grain dol
lar was stricken out 1.-THE dollar that had
been agreed upon, under principles of
free coinage by both houses). IL presented
its report and the congressional rec.
ord says of the matter: Tho report
was concurred in"--"those i've words
and no more" Both houses trusted their
committees; the points OF disagreement
were understood and the committee was
supposed to have performed it's duty,
Neither house asked any questions, nor
was there any debate, He added; If
that dollar was only a subsidiary dollar,
limited to the purchase of silver by the
secretary of the treasury only and that
was it's only virtue In that bill, why did
it disappear from the billp'
Years afterward, he said, the report of
the senate committee turned up so altered
as to show an amendment striking out
the silver dollar.
Horn detied Harvey to prove that the
clause making the gold dollar the unit
of value was ever erased from the bill,
or that In any draft of the bill was thu
silver dollar made anything but sub
sidiary coin. He then said Harvey was
wrong as to the procedure In conference
1t not infrequently happened In changing
disputed clauses that 1t was necessary to
change clauses not disputed But in any
event the report had to he made and
every change STATED.
He said: mo unusual thing was done
with this bill. 1t passed almost precise
ly as the secretary of che treas.
ury had recommended 1t when he
first sent the draft to the American
congress. The only other feature of
any Importance in 1t was the . new
feature of the trade dollar; otherwise 1t
was nearly Identical with the bill that
had first been drafted" Horr read let
ter from Jasper Packard, OF New AL.
bany, Ind, in which he, who was mem.
Der of congress during the consideration
of that bill. says; II heard 1t all, Hoop
ers speech, and Kelley's and all the
rest The gold dollar WAS made the unit
of value in the bill from its first
printing, and dollar of 884 grains was
proyided for and put In the list of the sui