Missouri House votes for Gold and Silver Tender

On Thursday, HB1637, the Missouri Sound Money Act passed the House, making Missouri one of two states with a sound money still alive in 2012. South Carolina is the other, and is scheduled to vote on their bill next week. The bill simply adds gold and silver as legal tender alongside Federal Reserve notes, giving the citizens of Missouri a choice in currency:

“The Missouri Sound Money Act of 2012 is established which changes the laws regarding legal tender as follows: (1) Specifies that gold and silver issued by the federal government is legal tender in Missouri;”

It was not smooth sailing in the Show Me State. A significant number of representatives attended a press conference at the Governor’s mansion when the morning vote was held. Thus, the opposition erupted in celebration when they unexpectedly defeated the bill by a single vote, after which the morning session was immediately adjourned.

All was not lost. Representative Paul Curtman, the bill’s sponsor, worked a strategy to have the bill reconsidered in the afternoon session. While highly unusual, House Majority Leader Tim Jones asked Democratic Imperial Representative Tim Meadows to reconsider the bill in the afternoon session in light of the fact many members who were absent in the morning would likely return. Meadows agreed, and in the afternoon session the bill passed 95-37.

“Credibility is everything and when it comes down to it, my credibility is on the line here this day” Meadows said.

Representative Curtman had the understatement of the day stating, “It was a strange day on the floor. In the end though, nobody had a viable argument as to why it should be defeated.” A strange day indeed. After the bill’s passage, a Democratic Representative who strongly opposed the motion to reconsider had to be physically removed from the House chamber as he confronted a fellow Democrat who aided in allowing the bill a second vote.