Show T m m I 1 I 1 Z M 11 6 I 1 R az 17 49 7 M A AND SILVER HIS 8 SPECIAL MESSAGE FAVOR INQ ING FREs FREE COINAGE I 1 we faai AH the bortt la tam thu that cu can be B coined ordered ad diu wa pences ter for wes Ig norsal of there are an SM some same men who insist that the aw act bernon de silver was not sneaked through ahro congress in ism 1873 time and again the silver advocates have hare given subs substantial evidence to the contrary the late james G elaine blaine wh who was speaker of the house of representatives tn in I 1 1873 has been quoted times without number other illustrious of all parties haye have testified to the truth troth of blaines statement that not a member of congress knew at the time thu that the act of 73 3 demone tied sized silver neither did president grant who signed the bill here Is his bis special message to the senate on the day he signed the resumption bail no sane man after reading it will dire dare to say that president grant knew that the act of 1873 de barred silver from the mints the message to the senate of the united states senate bill no 1044 to provide for the resumption of specie Play payments ments Is before me and this day receives my signature of approval I 1 venture upon this unusual method of conveying tha th notice of approval to the house on which the measure originated because of its great importance to the country at large and an d in order to suggest further legislation which see seems to me essential to make the law effective 0 0 0 0 0 0 0 0 the provisions of the third section of the act will prevent combinations being made to exhaust the treasury of coin with such a law it is presumable that no gold could b be called tor for not required tor for legitimate business purposes when nen large amounts of coin should be drawn from the treasury correspondingly large amounts of currency would be withdrawn from circulation cu thus causing a sufficient stringency in currency to stop the on tard outward t ard flow of coin the advantages of IL a currency of a foxed known value would RISO also be ache cached in my opinion by the enact lent of such law business and industries would revive and the beginning of prosperity on a firm basis would be reached other means of increasing lang revenue than those suggested should probably be devised and also other legislation in tact fact to carry out the first section of the act another m mint tnt becomes necessary with the present facilities for coinage it would W take ta ke a period probably beyond that fixed by law for final specie resumption to coin the silver necessary to tran transact ct the busi business nesa of the country there are now some smelting smelling sm elting fx furnaces for extracting silver and gold from the ores brought from the mountainous territories in chicago st louis and omaha three in the former city and as much of the change required will be wanted in the mississippi valley states and as the metal to be coined comes from west of these states I 1 and as I 1 understand the charge of transportation of bullion from either of the cities named to the mint in philadelphia or to new york c city 1 ty amounts to 4 for far each 1000 worth with an equal expense for transportation back it would seem a fair argument in favor of adopting ont one or more of at those cities as the place or places for the establishment of new coining facilities I 1 have ventured upon this subject with ith gr great diffidence because it is so unusual to approve a measure as I 1 most heartily do this even if no further le legislation Is attainable at this time and to announce the tact by mesi i sage but I 1 do so because I 1 feel that it is a subject of such vital importance import anee to the whole country that it should receive the attention of and be discussed by congress and the people through the press and in every way to the end that tha the best and most satisfactory course may be reached of executing what I 1 deem most beneficial legislation on a most vital question to the interests and prosperity of the nation U S GRANT executive martal mansion jan 14 MS 1875 on motion of at mr sherman the message was referred to the committee on an fins finance ce and ordered to be printed see congressional record volume 3 2 part pan 1 forty third cn congress gresa second session on der dec 7 page am the above is not the only subs substantial tantHa evidence that general grant waa ras ignorant ignart of the whole hale proceeding d pi pal lowing is one he be wrote two years previous preview to his secretary of the interior bellesh Belle believing vh that silver might stcl be tato taken to the mints tat and coined tree of ch chargot mm im he rote 1 1 wader that brer m is not already ahmady coming into the U market to supply the deficiency tzi in the th circa latine er experience hw has proved text tt takes about Wo of at ciuc to make bate the man ahm istee tho the transaction of af the me basl bess of et the eota coa atry sater xin VM grad baur tata take the ac klat this cur currency carre sency scy ama berther tEr ther VM iris I 1 c ame the me stam standard dard 1 of waca WM wai be fecan led to ta a RAU way I 1 elmate that fiat 01 this vm WWW to som amk ok SWUM species taw cal calatlie jemm 0 a i 1 I 1 to d tv aek lifted 7 I 1 LW i agop avazi toce ft x 1 A A i ai fc abl I 1 via sk VW I 1 10 if i I 1 im ik av 1 lt 0 W 4 A al A I 1 kv I 1 I 1 y I 1 il I 1 BB 16 41 4 1 q im S k w al on 5 1 n X 11 Z 0 oma a 1 g 1 im awu 4 14 a r e X t ap at 4 M 1 91 7 4 1 z shall we TO do with 10 it I 1 here bere w I 1 a solution which will answer foi years tears to put it la in circulation aci k it there until it Is fixed and th I 1 will find other markem mar treta extract a letter written aten by president gran mr coudry oct ocl 13 wa eight moil m after he had bad signed the b bill III demo dez none tiling silver not knowing what that measure contained see page congressional record dee dec 14 1877 can any one doubt the sincerity of general grant it if there is let him vote tote for mckinley and the gold standard dard |