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Updated: May 8, 2025
To get specie, bonds might be issued. Bland Silver Bill; Silver remonetized.% Against the continuance of this policy the majority of the House stood pledged. Before the session closed, therefore, two bills passed the House. One repealed so much of the act of 1875 as provided for the retirement of greenbacks and the issue of bonds. The second was brought in by Mr.
If the religion of one hundred years ago, compared with the religion of to-day is so low, what will it be in one thousand years? If we continue making the inroads upon orthodoxy which we have been making during the last twenty-five years, what will it be fifty years from to-night? It will have to be remonetized by that time, or else it will not be legal tender.
If in defence or in extenuation of the policy of the majority it shall be said that the United States has not remonetized silver, and that, therefore, the policy of the majority has not been tested, a partial rejoinder, if not, indeed, a satisfactory reply, may be deduced from the facts that between the years 1878 and the year 1893 the Government coined more than 400,000,000 silver dollars, and yet, in that period of time, silver bullion fell from 1.15 plus per ounce to .65 plus per ounce.
This remonetized silver, providing for the purchase of not less than two million dollars' worth of silver bullion per month, nor more than four millions, and for its coinage into 412½ grain silver dollars. Hayes vetoed this bill, sending a sound and manly message to the House of Representatives; but Congress passed it over his veto by a decided majority.
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