The advocate., 1895-07-31
JULY 81

closely and so accurately that he is treed,
and no one but himself can explain how he
got in the hole OF how he can get out.
This is highly interesting, considering that
the Inter Ocean is very loyal and promi-
nent republican paper and Sherman an
eXtra-prOminent republican leader. Here
is what the Inter Ocean says;
"BOth disputants give considerable prom
inenCe TO silver dollar that never existed
nor was ever authorized, but ib deserves
even more prominence than it has ever had.
We refer 10 the proposed dollar Of 884
grains characterized by Mr.. Sherman at the
time as q dollar that will foas around the
world Il was in the bill as was also the
trade dollar Of APO grams, when Senator
Sherman, as chairman Of the committee on
finance, explained il to the senate. How
did ID get out Of thereP Mr.. Horr read a
letter from an ex-oongressmRn, Mr.. Pack
ard Of New Albany, Ind, in which he says
that the trade dollar was substituted for il,
but the explanation given by Mr.. Sherman
az the time speaks Of both being in, so Mr..
Pscksrd's memory is at fault. Such
mistake would be easy. Twenty-Five years
is long time in the life of one man. The
statement of Mr.. Sherman was as follows;
"Again, Mr.. Sherman In speaking Of the
silver dollar on that day. said: We are
providing that ID shall float all over the
hA
gPess, vol. 1, D. 972). This bill proposes
silver coinage exactly the same as the
French and what are called the associated
nations Of Europe (meBning the Latin Un-
iOn), who have adopted the international
standard Of silver coinage; that is, the dol
lar provided for by this bill ia the precise
equivalent of the fve-fEanC piece. It con-
tains the same number Of grains OF silver;
and we have adopted the international
gram instead Of the grain for the standard
Of our silver coinggs. The "trade dollar"
has been adopted mainly for the people Of
California and others engaged in trade
with China. That ia the only coin meas.
ured by the grain instead of by the gram
The intrinsic value Of each is to be stamped
upon the coin.'
SS'This. is perfectly plain statement, It's
Candor and eXpliCitness testifying to It's
sincerity. 10 is well known that the trade
dollar stayed In the bill and proved fail
uFe. Il did no harm, at least none Of con-
sequence, but ID failed fatty of it's purpose.
But the French dollar, as ID might be called,
did not materialize. It was lost somewhere
on the road to enactment. Mr.. Horr seems
quite unable to account for it's mysterious
fate, except by introducing the Packard
letter, which the Sherman statement just
quoted disprovss. John Sherman still lives,
and if he can throw light upon the subject,
now is the acceptable time TO do il. Sem
atOr Allison referred especially TO that dol
lar Of 884 grains in his speech in the senate
on February Is, 1878, when he said:
"But when the secret history of this bill
Of 1873 comes to be told il will disclose the
fact that the house Of representatives in
tended to coin both gold and silver, and in
tended to place both metals upon the
French relation instead Of on our own,
which was the true scientific position in
reference to this subject, but that bill after
ward was doctoTed.
"'Dootored' was the right word TO use.
Who was the physician who made the pre-
scriptionH Who was the pharmacist who
compoundsditp Who thenurse who admins
tered itP Mr.. Horr utterly and totally re-
fused TO discuss at all the testimony Of SEN
ators and congressman, President Grant
and Speaker Blaine, to the effect that they
had no idea at the time that the sct Of 1873
demonetized silver, or had in il any rad
ical change in our money. Mr.. Harvey
could get from him nothing on that vital
r,ninA al Ahn AnhnLn