As matter of fact they were removed long before such action was expected by the people, and before the special interests subjected to the burden had time to petition for relief or even to complain of hardship.
During the winter of 1866-67 there was a prolonged discussion in Congress over an Act finally passed March 2, 1867, authorizing the Secretary of the Treasury to exchange three per cent certificates of indebtedness for compound-interest notes, and allowing these certificates to be counted as a part of the reserve of National Banks.
The first proposition was to allow interest at 3-65/100 per cent.

The exchange of notes not bearing interest for those bearing compound interest was proposed by Mr.Stevens, and at first supported by a majority, but on reconsideration it was defeated.

Objections was made to the bill that it was a scheme for giving to the banks interest on their reserves, which they could not otherwise receive when the compound-interest notes should be retired.

Of these notes the banks held $90,000,000 and the limit proposed for the certificates was $100,000,000.

Congress finally limited the amount of certificates to $50,000,000 at three per cent, and allowed them to stand for two-fifths of the reserve of any bank.
While this arrangement was an obvious advantage to the National banks, no such motive inspired Congress in passing the bill.