The New York herald., 1874-10-27

The veto OF the President followed by
pressed TO Senator Jones, turned the national
mtod TO the serious consideration OF this question,
the country Is against repudiation IN any form
and opposed to the snam. the sname, the crime OF
any new issues oi false promises. The taking OF
In the anna,s OF war; but the veto of the iaIon
blu, when saved the nation more than
noble achievement; aud wnen General Grant
mndestiy retlres, AS lie SOON WILL ana calumny
WIN m ner Jealous Tongue mas ceased TO slanaer,
be understood, the ex-Genera and ex.Presldent
Will be veneiated by the people as twice the
present the otner day when General Grant re-
lated to an eminent democrat, nigh innatiOnist
rom olncnnat ns,cI , ms own apprehensonMs M and ex
extreme SOtscttude about the third termj. He
SAID NO PUBLIC ACT or HIS HAD GIVEN HIM
Compress by decided majority that many or his
own best friends were earnestly in It's favor,
tion that veto would disrupt the party that be-
Ing unwilling TO sign u without giving his reasons
IN speciai message to Congress he noted down
getncr they did not appear to his understanding
sound or Just; that he was apprised, as ne sup
Of the republican party II he vetoed the act. But
as the truth grew clear to his mind HE DETER
AND LET THE CONSEQUENCES TAKE CARE CARE
So tnoroosaiy tested the unnincnins intes.
MIND Who then Thought that before the summer
was over II would De demonstrated that instead
there was TOO little business i,r the currency, ana
that Missouri, Indiana and other States OF the
West would not only decline to take the
Of June, but that before the first day Of
October they would return large amounts
up their bonds All this has HAPPENED. as the
records OF the Treasury Department snow. There
is gwen slvery fringe to the clouds IN our some.
0lW
great popular mind upon this transcendent ques-
tion 80 Gear IS 1t to those who have studied the
suDJect, with no desire but to learn the truth-sO
certain IS It that our Decentralization, our corrup-
tion, our extravagance and our present depres-
tnat we nave been impatient OF the slow en-
lgntenment OF the public mind, but events now
other nations had long since proved. Have no
fear, fellow citizens that the republican party Will
not take the lead and become unit on TINS Ques-
uon. have no lear OF the result. Our people learn
quickly. They know that we have abundant har-
vests unparalleled activity, and resources Ior
Gus, and they ask wnyG They say to the lnna.
ZIONIST, You told US that we wanted more cur
rency out West. and "tnat was the trouble" You
passed the Currency bill, giving US the right to
more currency, and We now find tnat we had
already too much, and that we are sending it
wnen the government was Issuing paper during
the war, and told us that we should have the same
We now see that the condltlons are wholly
changed: that tnen the government was pur-
chaser Of every industrial product, and paid lor
the same in new issues OF paper, while now the
government cannot be purchaser to any CONSIDER
able extent, and can only pay IN the taxes which
it has first collected from us; we don't find
that new issues or the right to new issues OF
paper money help US at all, but, on the contrary,
LUNGS are srowng Morse anu worse NV coun
worse until we return to sound principles and
cease to insist that sham Is reality and that false
promises are as good rs truth. When this gov
ernment shall have returned to an honest pay
ment or Its obligations in the recognized standard
come Taxes " expenses ,ss extravagance win be be-
less. With credit tiius restored we can gradually
begin and steadily complete every unfinished rail-
way and useful enterprise now suspended, LABOR
VIII grow IN Demand business will revive ana the
country start upon new career Of advancement
isne0 enterprises take note You viii never COM
plete them until we return TO payments
irredeemabe paper. You may struggle and hope,
but your struggles and hopes Will end in fantness
and desuaH. 1T cHAFEs ONES SPIRITS TO SEE
ISLE, AND YEAR BY YEAR GROW BLOATED ON THE
PRODUCTS or OUR TOLL, WHILE WE, HER DEBTORS
10 prRpsruSTn Tnn sospanE II - Son nov Lns a..
certalned that the earnings and income OF our
country are many millions . year larger than
those OF Great Britain, anu yet We pour our sur
plus into her lap, while she smiles. ana pats and
Tools the NOISY demagoque who vapors about the
helping to reduce our own citizens to greater
pauperism. or the splendid Atlantic steamers
Xmsca Not one WIRE has vou cones
naerce gomez Where tho many other Industries
which lrreaeemabIe paper has banisnedi Gone
to specie paying countr es. Gone wnere many
other proasslsc Industries win go II this vicious
system Is Continued. the vice does not lie In the
paper currency Is convenient and necessary.
care not how free the banging nor how abundant
des be-
ever the amount; the vice consists In the false
promise 70 redeem, which is never performed.
people WILL be surprised to see little coin Is
needed A thousand millions OF business viii
@ ns spss fasy the great aaSas oa
in the Custom House are made in
paper; redeemabe yeilowbacks,, instead or
irredeemable greenbacks; that Is all. The West
the Eastern bankers and rich merchants are In
tnissn and tSen answers eoause ca sem they are ,ne
creditor class and you are the debtor class, and
New York VINO do Western business owe their
Western customers $40 to where 81 Is due
sion about the relative number Of debtors aud
creditors. YOtv hired SERVANTS and lab0re7s are
aot your debtors but your creditors. Tho
every farmer in s the land rss rs0a mer. e..
but he cannot make by sales TO those VINO can
not pay You can never get money from those who
ssh gsr none ~ JUSTICE rAghopIsn
SYSTEM OF FINANCE. Every Intelligent man OF ousi-
ness IN the country ought to know that ne cannot
grow rich under system which does not iavor
the earning OF riches by Others. You can contrve
no process OF getting from others wnat others can
not get. Whatever plan OF finance Is best Tor the
East Is best for the West, and those who Will not
listen to reason must suffer by experience. Mr..
voorhees, says truly, tnat the republican party
are the champions OF specie payments just
where the veto or the President lett them -
ne might have added, and the great body
OF the democratic party are the champions ofirrc-
deemable imitation. Politicians Will do well to
take notice tnat. since tue war. party ties sit
loosev. ana that what the people want Is good
government THEY DO NOT WANT A THIRD
TERNl-a government which will protect them
In their earnings and not despoil them OF
their property and that they care little TOR party
In comparison with equal justice and honest ad-
mlnistration. When the democratic party op-
posed the war for the Union they ceased to be q
national party; they have never since acquired
any national ascendancy. and they never will.
Tncir national existence Is ended they are merely
repeating the history OF the old federal party.
The same delusion allures them to local struggles
and blinds them by occasional local success. But
when they opposed the war they lost the con-
ndence oil tne nation, ana when they cast
down all their princinles In the tenn.