We were obliged to take them back and recoin them. under the idea and impression which obtained possession of the people. that the.Government was in some way bound to redeem dollars which had been coined at its mints. As I read the pending resolution it seems that it is for the purpose of increasing commerce. It says: That the President of the United States. with a view to encourage and extend our commercial relations with China and other Asiatic countries. be requested to enter into negotiations with the Republic of Mexico looking to the coinage by the United States. at its mints. of standard Mexican dollars. Sir. to me it is a very humiliating admission to be found in an act of Congress that the Government of the United States. containing fortyfour great States. its commerce greater by .a hundredfold than that of the Republic of Mexico. having commercial relations with China. Japan. and with the islands of the sea. are not able to put into circulation trade dollars of 420 grains bearing the stamp or superscription of the United States.