Bland acknowledges the receipt of McMaster's letter of Mar. 17,. The coinage committee of the 46th Congress reported on a bill giving full weight and unlimited tender to the half dollar, but the bill was not reached. Our silver coinage is abnormal, and it is difficult to say what should be done with subsidiary coinage. If the halves and quarters be made full weight on the dollar, the Latin Union would again open their mints to unlimited silver coinage, and the dollar and halves and quarters would all be exported. Now the difficulty is that our the United States laws make token money of our silver because we refuse unlimited coinage. 16 to 1 is not the solution of Europe. Were this country to make treaties with European countries 15½ would no doubt be agreed upon. Bland thinks we had better wait, but he agrees with McMaster on the principle that the subsidiary output should be full weight and full tenure. :: I-2-e A.L.S. 3pp. 12mo.