 Sherman pressured his friends in the Senate to defeat the bill, or to limit it to production of a larger silver dollar, which would actually be worth 1 / 16th its weight in gold. These efforts were unsuccessful, but Allison's amendment made the bill less financially risky. Sherman thought Hayes should sign the amended bill did not press the matter, and the President vetoed it. "In view of the strong public sentiment in favor of the free coinage of the silver dollar," he later wrote, "I thought it better to make no objections to the passage of the bill, but I did not care to antagonize the wishes of the President." Congress overrode Hayes's veto and the bill became law. The effects of the Bland – Allison Act were limited: the premium on gold over silver continued to grow and financial conditions in the country continued to improve.
