The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1874-04-25
THE rIHAHcIAI lrEE YErOED.


" Et4AErtt1ts lA<4AA - Ntl1A1& tM4 fA41-
eial bin, 90 the ground chat i increased
The earseney without providing any means
Of redemrsioa.
The following special dcspatrh TO the
Baltieere AaeTicaa relztes What occurred
after the veto. and how Il VAS received
Il has been q long time since any act Of
the Prcsident's has caused such universsl
exeiienena At the Capital a. his veto Of
the Senate Currency ball Marc than bali
Of the Senators we're out Of their seats
whea il came IN, and IL vas q quarter read
throagh before The news reached the com
mittee rooms AID the House. Then the
seats begzn to fIl rapidly. Speaker Blaine
aud = number If the members came in.
The galleries received large and continual
seeessi0ns; the District Investigation ad-
jOarned hurriedly and the members crowd
ed into the ladies gallery adjacent Many
members we're on their way from the
House to hear the message, but the rad
ing closed before they arrived II was
listened 10 mos; intsntly BY all Ii was
really unexpected BY majority Of both
Parties, a late last night gentlemen usually
veil acquainted With discussions in the
Cabinet felt confident the bill would be
signed, bat there were enough who held
the opposite opinion TO hold the whole
matter IN dOabs till the seal Of the message
vas brekeh in the Senate. Il il said TO-
night in Official circles that the argument
which finally decided the President not to
sign the bill was that il executed il would
Immediately withdraw 30 large an amount
Of revenue from New York as to cause q
serious and widespread panic. The mes
sage reached the Senate so late that il did
not appear in print during the afternoon,
and DO one had been able TO read it care
fully. The outline Of It's argument Is, how
ever, pretty generally understood The
line dividing those who praise from those
Who cOndenn lies nearly along the diyid-
/ ing lines Of the votes upon the bill, al
though there are quite = number who 70
ted for the bill against their own eonvic
tion, who rejoice in the veto, aud some
who favor moderate contraction are glad
Of the veto for the reason that they have
come to believe, since the passage Of the
bill, that il calls for immediate contraction
to an amount that the market cannot stand.
As soon A. the news reached the House
its effect became manifest. Lyman Ter
main, speaking TO an amendment to the
appropriation bill, seized the opportunity
to express his appreciation Of the veto.
C0nger, Of Michigan, followed him in a
vehement attack on the veto, and the exces-
siye earaestness Of these two gentlemen is a
fair indication Of the division Of feeling in
the House Members gathered in little
knots, and in several cases delegates from
Western States held informal eonsulta
tions. Indiana, Iowa, Michigan and Wis
eonsin were pretty thoroughly united and
ready for almost any declaration against
the stand taken BY the President. On
the Senate side Mr.. Carpenter expressed
the opinion that this veto would simply
remand the question To the Congressional
districts, and that throughout the most OF
the Yves; the verdict would be heavily
against the President, aud insure the re-
turn Of a House Overwhelmingly pledged
to imitation. Mr.. Cameron expressed the
opinion that as party measure he regard
ed II as the greatest mistake President had
made since he was in Congress Two
prominent members Of the House and strong
Administration men said that they could
see no way to answer the argument which
would be sure to be made by the opposi-
ton, namely: That when the panic came
New York capitalists besought the Presi-
dent to issue the foty-four millions aud
he did as they desired. Now the same
men had come when Congress had proyid-
ed for its issue to the West and asked the
President to veto ii, and he had complied
Senator Morton thinks it very doubtful
whether any measure can now be passed.
Quite number Of House members de-
clare there shall be no adjournment for
the summer till the President does sign n
liberal bill. These various statements in
dictate pretty clearly the character of talk
about the hotels tonight, and excitement
rather increases as the evening wears on.
A caucus Of the friends of the Senate
bill met at the rooms Of Senator Morton
tonight to talk over thereto. Il remain
ed in session I'LL after midnight. There
were present Senators Morton, Carpenter.
Logan, West, Harvey, Ingalls,, Pratt, Pease,
Ferry Of Michigan, and 0glesby. They
were all unmoved by the veto, aud agreed
that when il came up for discussion 10
maintain and defend their previous posi-
tons. Ii was the opinion Of those present
that the majority Of the opponents Of the
bill IN the Senate were far from pleased
with the veto as party measure. TWAS
also held that the President was mistaken
in estimating that the bill would cause in,
fatiOn to the amount Of one hundred mil.
lions. They calculated that with three
hundred and eighty-two millions already
out, the bill only called for eighteen mil.
lions more greeAbacks and fOrty-six mil.
liens bank currency, and that while the
latter must go out slowly, there must also
be considerable contraction. The temper
Of the meeting indicated purpose to make
straight and open issue with the Presi.
dent on this matter, and debate the whole
"NyNSs - tOuesu Auu Win extreme peril
naclty when il is reached next week.
The New York World Of Thursday saws
The latest news FROM Washington lssl
night shows that President Grant's veto d
the imitation bill has set the entire Repub
lean party by the ears. The break ia the
Senate between Conkling and Morton
seems past mending, and Morton has Civ
en- i out that he viii lead the opposition
to Grant when the veto comes up for dis
cussion. The feeling against Grant anon,
the House infaticnists Is not less bite
than in the Senate. Both those falls.
prophets, Logan and Butler, who foretold
that the President would not dare to vet.
their pet measure, are suddenly without
honor and in tearing rage. There ar,
reports Of stormy reeriminations between
Republican members of Congress and d
the Cabinet, and threats Of combination
Of Western aud Southern members TO car
~ imitation through at all hazards. Thes.
latter hot-heads will cool, We hope, BY med
itation. The political combination for thi
Juneture il a stronger alliance Of Demo
Gratis West and East. North and So,,h