New-York tribune., 1895-10-30

Knox give, the history Of the silver dollar and the
rea spns for It's discontlnuance. ,,,oa IN.
, The Finance Co ass Surry about it. Il was
sent 10 us in April 1870. and was printed ana sem;
by the order of The Senate to one ree %hU
composed of Messrs sherman Williams catteil'
The Bin was reported unanimously to the Senate
December 49, 1870, after lying IN the comn,,edd h1nnned
from the coins In the bill framed in the Treasury
department. IL was then an unknown coin Al,
bnS%sh ao"ss nSc4 Tas my ese deTsn
do not remember at that tme a ever en 20 mentioneJ
to the committee and discussed II would have been
thought. matter Of course seareeiy wSr,ns ~ o,
inquiry. II II. was known at ALL IL WAS KNOWN aS
coin for the foreign market. . ,, ,,a co..,
No one proposed to reissue It. The Pacific Coast
had six Intelligent able and competent senators
on the floor OF the Senate They would have care,
fully looked out for the rest OF sVef II given ne 0 IN
the bin as It finally passed for coming the so-caed
ducins ndn,9G States But the silver dollar at thai time
worth more than the gold d9iiad- oai'iori'a
MUCH DISCUSSED LEGISLATION.
The bill was printed over and over again, finally
reported and brought before the Senate. 1t was
debated there for three days. Every Senator from
the Pacific Coast spoke upon the measure The
only yea AID nay in the Senate on the pas
sage of that BILL after two days debate, occurred
on the 10th OF January, 1871. Those who voted in
favor OF the bill Messrs. Bayard. Foreman
Brownlow Cassery. Cole Conkling. Corbett. DAVIS
Gilbert Hamlln Harlan, Jewett. Johnston. Kel-
logg McCreary. Morton. Nye. Patterson, Pomeroy
Pool Ramsey Rice. Salisbury, Spencer, Stewart
Stockton Sumner. Thurman, Upton, Trumbull
Nickers. Warner. Wiley. Williams Wilson ana
Every one OF the six members Of the Pacific
Coast voted for the bill after full debate
Against the bill were Messrs. Abbott Ames
Anthony Buckingham. Carpenter Chandler rem &
Of Vermont, Pratt Scott and sherman-li.
So that on the only yea and nay vote Whicn was was
not on account of demone;izng the silver dollar.
did not do II because OF that. but did II because
Sate depositors we were no; using gold except for
limited purposes Gold was the standard IN s,- cail-
for TO of S one of one cent to the dol
lar lar. 10 acton was taken on the bill in the House
OF Representatives. and it failed to pass during
sress ces the b was introduced m by william D. Kelley
and reported by him favoraby to the House OF
sa the def defining silver
No one proposed to restore the old silver dollar
S@ h I % Son a C Of
sidiary coin, and this franc dollar as 1t was called
der for only five dollars On the 9th OF April, 1872
Mr.. Hooper having charge OF the Bin n, call called
and the substitution Of the French dollar. -.,.-...
Of fsse ise United States which was so publicly and
openly presented and agitated know OF no bli
thirteen times, in order to Invite attention to IT,
know no bill which was freer from any immoral
During the pendency of this bin, the Senator'S and
REPRESENTATIVES, from the Pacific Coast were in
favor OF the single standard Of gold alone. This
was repeatedly shown during the debates but now
they complain that the silver dollar was demone-
tized and that. though present. taking the most
active interest in the consideration OF the BILL they
did not observe that the silver dollar was dropped
from the coinage. The public records are conclu-
sive against this pretence.
To the legislation for resumption. and to his own
part in bringing It about. Mr.. Sherman naturally
devotes much space. His account of his course as
Secretary OF the Treasury is given with great de-
tall with quotations OF many original documents
and correspondence with men important In the
financial world The first volume closes with the
discussion OF that important period. The second
volume will bring Senator Shermans narrative
down date.