Wednesday, 03-Dec-2008 08:02:51 GMT

Bland-Allison Act

The Bland-Allison Act of 1878 was a response to the Crime of '73 demonetizing silver. Representative Silver Dick Bland[?] of Missouri introduced this bill for the free coinage of silver at ratio of 16:1 to gold. Senator William Allison[?] of Iowa added a provision that limited the amount purchased to 4 million dollars per month at market prices.

See also:

Resumption Act
Sherman Silver Purchase Act
Fourth Coinage Act aka The Crime of '73

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