The Superior times. [volume] (Superior, Wis.) 1870-1912, 1874-05-02
THE VETO.
HOW 1T IS GENERALLY RECEIVED,


Probably no state paper since the
emancipation proclamation of Presi
dent Lincoln has occupied the attention
of the people SO absorbingly as the
Presidents veto of the currency bill
The following extracts will show how il
is received in different localities and by
different parties
In New York city the stock and gold market,
were very much depressed. 1t was generally
| believed among operators that the signing OF
the currency bill would result In contraction
and depression III prices would follow on the
heels of such event.
All the great lawyers and financiers of New
York are rejoicing over the veto of the bill
and believe that it's effect will be, in every re
spect, salutary.
A dispatch from Springfield. ILL.,, says ''The
State Journal will oppose the veto and sustain
Logan and Oglesby, and that tie republican
managers will take that course and all the
state officers likewise. Grant is without polit-
ical support, so far as his own party friends
are concerned"
| The Merchants Association and Chamber
of Commerce, of Milwaukee, adopted resolu-
tons warmly thanking the President for veto
ing the measure.
At Des Moines, Iowa, the chief topic of con
versation was the Presidents veto. Promi-
nent republicans, infationists, denounce the
action of the President, ann boldly assert then
belief that corrupt influences were used to OBJ
tain it.
Madison Wis, and Rockford, Ill, dispatches
say the veto was receb id with much enthusi-
loc, hv-{ 1YYI wall
President is Endorsed by all parties for his
| frmness.
THE PRESS.
From the Cincinnati Commercial
President Grant has hitherto done few things
so well calculated to give him honorable dis
tinction as his veto of the Senate Finance bill
| Qualities for which, in his military career. he
had eminence seem unexpectedly to have as
serted themselves. Their exercise SO iudicious
ly in such an important juncture was very op
perfume. He has come to the rescue of his
country's honor, and to the protection of credit
from sure disaster at a most critical period,
The world has now assurance of our Nationa
honor; the business men of our country know
that their ventures In trade are not to float OIL
| q wild sea of irredeemable currency laborers
| will come to understand that their work is tC
have an honest measurement in values: specu
lators will lose their reckless control of money
capital and honesty stands chance of iust
appreciation.
From the Cincinnati Gazette
1t is not the measure in it.
self, but the principle upon which it was
adopted, that is Objectionable. Every PROPOSE
ton looking to future redemption was voted
down. This WAS equivalent to a notice that
the question of returning to specie-payments
or looking to such return, was not to be con
sidered. 1t was also noticed that ajority OF
Congress favored an absolute initiation, and
would reach that at future time. The effect
of veto, then, is to give notice that indefinite
imitation connot be accomplished while Grant
is President
From the st. Louis Republican,
1t ls easy to see, in this situation
| the elements of tremendous CONFUSION in the
Republican party, if not the germs of tota
reorganization of both parties in this country
We do not mean, of course, that The people OF
the West and South are united on the subiec
of the initiation of currency, and are anxious tC
| force an issue with the other sections on thi,
alone; but it is undoubted that the division re
ferred to may be made to enter pretty largel,
into pol ..tical movements preceding the Presi
Dental election of 1876. if Morton and Butte
unity for which they have .peen noted hitherto
The Cincinnati Enquirer SAYS
| Yesterday, Ulysses S. Grant disgracefull-
broke his pledge, baked the will of the peopl,
of rs states, and exhibited himself as the vii
| ling, cringing creature of the Eastern monopo
lists. Had he been consistent, he might a.
| least have earned the respect even of his oppO
| nents. But he has SHOWN an anxiety to aeeC
the behest of the Eastern capitalist, though il
so doing he proves traitor to the people anC
stamps himself as a violator ~ his solemn
| pledge to the country When Wall street has
piped, Grant has danced. When Wall street
has mourned Grant has been found in sack
cloth and ashes"
From.the st. Louis Democrat.
The Presidents veto message will leave nc
doubt in the minds of those who read it as tC
his position on the currency question. He is
an out and out contractlonist Of the strictes
type. In his criticisms Of the measure sent tC
him for his approval, well as in his genera
remarks upon the condition of our nationa
finances. he clearly indicates that he favors
contraction of the currency, a speedy return tC
specie payments and marked increase in tax.
alton. He would not only diminish the quaint
ty of currency, but would increase the demand
| for it by imposing additional burdens to III
crease the revenue.
The Milwaukee Sentinel says the veto may
have been essential to its perfect happiness
yet it is haunted by frishtful doubt
| The Milwaukee Wisconsin says the message
| is clear and comprehensive document giving
conclusive reasons why the bill should not be
been urged in opposition to initiation, and
which cannot be answered 1.-The veto is il
i'll accord with the principle which the whole
nation has, until recently, recognized as sound
it is i'll accordance with repeated pledges of the
government aid parties it is in accordance
with his own record it is the death-knell of
! initiation, and the guarantee to the nations of
| the world that Americans are neither destitute
| of common sense nor given over to dishonesty
| PERSONAL OPINIONS.
| Franklin Edson President of the New York
| Produce Exchange, says In all his extensive
correspondence with merchants in the west, he
has not found a single substantial business
man who favored imitation. He says they all
seem to coincide fully with eastern merchants.
| A. T. Stewart says the veto will increase
trade and give commerce healthier tone. as
it will revive the peoples waning confidence
in the integrity of the government. 1t is too
late, however, in his opinion, to help the spring
trade.
VIM. NJ. Evarts says: "The assurance
which the veto gives that the Government Is
DESTROYS of specie payments will be of adyan-
taGe to the country at home and abroad"
1t is said that Senators Morton, Carpenter,
Logan, West, Harvey, Ingalls,, Pratt, Pease,
Ferry of Mich, and Oglesby, have indicated
| their purpose to make straight and open
issue with the President on the veto; while
Senator Schurz, when the proper time arrives,
will be found among the sincere defenders of
the President He is delighted with the tone
of the message, and frankly commends it as
tha praat act Of Grants pOlticaI life