Debate of December 19, 1895.Question: Resolved, That the legal tender notes should be retired and destroyed at the earlicst possible date."

Brief for the Affirmative.A. S. INGALLS and W. W. ORR.

Best general references: Paul Leroy Beaulien: Forum, XX, 385 (Dec. 1895); Cong. Record, 1893-1894, p. 6867-6870; Nation, XLI, 380; Cong. Globe. 1861-62 p. 523 (Spaulding's Speech).

I. Legal-tender paper money is recognized as dangerous by economists and financiers.- (a) The legal-tender acts were passed as war measures: Cong. Globe, 1861-62 p. 523.- (b) A speedy redemption was anticipated: Cong. Globe, 1861-62 (Speeches on legal-tender bills).- (c) The Republicans passed an act almost unanimously to retire greenbacks, Dec. 18, 1865: Nation, LXI, 380.- (d) March 18, 1869. Congress passed an act solemnly pledging itself to make early provision for redemption of the United States notes in coin: E. C. Mason's Veto Power, S 61.- (e) President Grant urged Congress to retire the legaltender notes: McPherson, Handbook, 1874.- (f) President Hayes in his mes-

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