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History of the Currency, 1848 - 1873 by Walter G. Watt, 1898

History of the Currency, 1848 - 1873 by Walter G. Watt, 1898, Page 35

33.
the bill it will be well to bear in mind that it is much easier to tell how it should have been fought after the battle is over, than it is to conduct it while it is on, and that even the most irreproachable of theories do not always work smoothly in practice. It is interesting in this connection to note, that so recently as the 12th of May, the Senate Committee on Finance reported a bill to the Senate in which the provisions of the House bill for the issuance of bonds and certificates of indebtedness were stricken out, and in amendment inserted providing for the issue during the next fiscal year of greenbacks to the amount of $150,000,000. Such action on the part of a Senate committee is certainly a surprise. Surely if there was ever a time in the history of the nation when there was need for the issue of irredeemable paper currency, that time is not now when the recent victory of Dewey seems to indicate the speedy ending of a war the final result of which has never been considered doubtful.

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33. the bill it will be well to bear in mind that it is much easier to tell how it should have been fought after the battle is over, than it is to conduct it while it is on, and that even the most irreproachable of theories do not always work smoothly in practice. It is interesting in this connection to note, that so recently as the 12th of May, the Senate Committee on Finance reported a bill to the Senate in which the provisions of the House bill for the issuance of bonds and certificates of indebtedness were stricken out, and in amendment inserted providing for the issue during the next fiscal year of greenbacks to the amount of $150,000,000. Such action on the part of a Senate committee is certainly a surprise. Surely if there was ever a time in the history of the nation when there was need for the issue of irredeemable paper currency, that time is not now when the recent victory of Dewey seems to indicate the speedy ending of a war the final result of which has never been considered doubtful.