I told him it seemed likely to pass.

He then went on to express very earnestly his objection to the measure and to the whole policy, and his dislike of irredeemable paper.

He said that it was an immense injury to all classes of the people, but that it bore heavily upon poor and ignorant men.

He said that speculators and bankers and brokers could foresee the changes which came about from the fluctuations of paper money and protect themselves from them, but the workingmen and poor men had no such advantages--that they were the greatest sufferers.

He added a suggestion I never heard before, that there was in many parts of the country great loss from the counterfeiting of paper money--a loss which fell almost wholly upon poor and ignorant men.