Excerpt from Unlimited Coinage of Silver and the Trade-Dollar, 1879: Minutes of a Conference Between the Committee on Coinage, Weights, and Measures of the House of Representatives, and the Secretary of the Treasury and the Director of the Mint Secretary sherman. No; if silver coinage is made free at the rate of 16 of silver to 1 of gold we shall have a mono-metallic system of silver coinage excluding gold from circulation. Then, as a matter of course, the objection would cease; then the trade-dollar would be worth more than the standard dollar. That is, if you adopt the bullion value of sil ver as the sole standard in this country, then it makes no difference what is done with the trade-dollar; but as long as you maintain the gold standard or the present standard based upon the gold coin of 25% grains, the introduction of the trade-dollar, either as a coin or as the equal of the standard dollar, will be a discrimination in favor of the owners of this silver bullion in China and against our own miners to the extent that I have stated. Mr. Warner. That is, while silver is coined under existing law and regulations? About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Hearing was issued as H. Misc. Doc. 46-11.