e creating of a stringency in the circulation,
and, at the same time, giving the government the use of the deposits
until needed, by which the issue of bonds to a considerable extent
would be avoided. This arrangement was accepted and eventually
became section 6 of the law which is now in satisfactory operation.
In the progress of the debate on this bill every question connected
with the financial operations of the government for twenty years
was introduced and made the subject of debate, and especially the
coinage act of 1873, and the dropping of the old silver dollar from
coinage. Although this coin has been restored by the act of 1878,
and hundreds of millions of such dollars had been coined, yet the
Senators from the silver producing states, and especially Stewart,
were continually harping on "the crime of 1873," as they called
the coinage act of that year, a careful statement of which has
already been made in these volumes.
The only new allegation made was that the amendment recommended by
the Senate committee on finance, to strike out the franc dollar of
384 grains, provided for in the bill as it came from the House,
and insert the trade dollar, was not agreed to in the Senate, but
that the change was made in committee of conference, and passed
without the knowledge of the Senate. A conclusive answer was made
to this statement by the production, from the files of the secretary's
office, of the original bill as it stood after its passage in the
Senate and before it was sent to conference. As similar statements
have been frequently made, I reproduce the portion of this original
bill showing the section in question, with the printer's note
accompanying the bill explaining the different type used in printing
it. The word "AGREED" on the bill is in the handwriting of the
journal clerk of the Senate, Mr. McDonald, who held that position
many years until his death. It shows that the Senate adopted the
recommendation of the committee on finance before the bill was sent
to conference. This amendment was agreed to by the House conferees.
[Note in explanation of the bill (H. R. 2934).]
1. The body of the bill, printed in brevier, is as it came from
the House.
2. Amendments to insert, reported by the Committee on Finance,
are in _italics_.
3. Amendments to strike out, reported by the Committee on Finance,
are in [brackets].
4. Amendments made by the Senate striking out words are in brevier,
with brackets,
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