. Financial history of the United States . J 1870 60ft 5-57 .87. 6oi 1557 1872 60^ 1873 S9i 1874 5SA 187s 565 1876 523 1877 54H 1878 52A 7-94 1879 SJ 1880 S2j 1885 48J 1890 47H 1895 29I 31-57 After a resolute agitation a bill introduced by Mr. Bland ofMissouri, July 25, 1876, providing for free and unlimited coin-age of silver, passed the House of Representatives November 5,1877, by a vote of 163 to 34. The Senate, however, underthe leadership of Senator Allison, changed the bill by limitingthe volume of coinage, and in this for
. Financial history of the United States . J 1870 60ft 5-57 .87. 6oi 1557 1872 60^ 1873 S9i 1874 5SA 187s 565 1876 523 1877 54H 1878 52A 7-94 1879 SJ 1880 S2j 1885 48J 1890 47H 1895 29I 31-57 After a resolute agitation a bill introduced by Mr. Bland ofMissouri, July 25, 1876, providing for free and unlimited coin-age of silver, passed the House of Representatives November 5,1877, by a vote of 163 to 34. The Senate, however, underthe leadership of Senator Allison, changed the bill by limitingthe volume of coinage, and in this form the measure wasenacted; it restored the full legal-tender character of the. « o w > ?B , u is I m 1 ii X S Si2 d en „. ?D m I o § 172] Coinage under the Bland Act. 407 silver dollar and authorized the secretary of the treasuryto purchase silver bullion at the market price, not less than|2,ooo,ooo nor more than ^4,000,000 worth per month, andcoin the same into dollars. Provision was also made for theissue of silver certificates upon deposit of silver dollars, indenominations not less than ten dollars. The vote in the Sen-ate was 48 to 21. President Hayes vetoed the measure, butthe silver sentiment in each House was strong enough to passthe bill over his veto. This act demanded the expenditure ofat least ;?Z4,ooo,ooo per annum in the purchase of a com-modity which was falling in value in the worlds markets, andwhich ultimately might be constituted a lien upon the goldassets of the treasury. 172. Coinage under the Bland Act. The Bland-Allison Act continued in operation until 1890,and during the twelve years of its existence was the occasionof the coin
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