as and 32
nays. Of the yeas 22 were Republicans, and of the nays 20 were
Democrats; so that the bill in the Senate was supported by a majority
of Republicans and opposed by a majority of Democrats. On this
important question the President was acting with a majority of
Republicans and a minority of Democrats, and it is to his credit
that he firmly held his ground in spite of the opposition in his
party.
On the 1st of November, when the amended bill came to the House,
Mr. Wilson moved to concur in the amendment of the Senate. A casual
debate followed, mostly by Bland and Bryan against the bill, and
Wilson and Reed for it. The Senate amendment was agreed to and
the bill as amended passed by the decisive vote of yeas 194 and
nays 94, and was approved by the President on the same day. The
law thus enacted is as follows:
"That so much of the act approved July 14, 1890, entitled 'An act
directing the purchase of silver bullion and issue of treasury
notes thereon, and for other purposes,' as directs the Secretary
of the Treasury to purchase from time to time silver bullion to
the aggregate amount of 4,500,000 ounces, or so much thereof as
may be offered in each month at the market price thereof, not
exceeding one dollar for 371.25 grains of pure silver, and to issue
in payment for such purchases treasury notes of the United States,
be, and the same is hereby, repealed. And it is hereby declared
to be the policy of the United States to continue the use of both
gold and silver as standard money, and to coin both gold and silver
into money of equal intrinsic and exchangeable value, such equality
to be secured through international agreement or by such safeguards
of legislation as will insure the maintenance of the parity in
value of the coins of the two metals, and the equal power of every
dollar at all times, in the markets and in the payment of debts.
And it is hereby further declared that the efforts of the government
should be steadily directed to the establishment of such a safe
system of bimetallism as will maintain at all times the equal power
of every dollar coined or issued by the United States, in the
markets and in the payment of debts."
Thus the vital principles of the act of July 14, 1890, remained in
force, and the provisions for the purchase of silver bullion and
for the issue of treasury notes were repealed. The maintenance of
the gold standard, the parity of all money whether of gold, silver
or pap
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