, 1874-04-27
THE WESTERN PRESS AND THE VETO.

THE WESTERN PRESS AND THE VETO.
OF the 1tg Western papors that hayc reached
us since tho President vetoed tho Initiation BILL,
sixty-ono sustain tho Veto forty-two condemn It,
aud thirtoon havo Expressed no opinion suili-
cient1y dcciaivo to toll whore they stand. Most
Of theao aro daily papers Of tho smaller oitios.
Tho voice Of tho weekly press OF tho rural dis
tricta, which is quito Us important on this quea-
tion as that Of tho daily pross, ie not yet hoard
to any considerable oxtont.
or tho Republican party newspapers in Illinois,
SO far as heard from, twelve sustain tho veto
and ten oppose it. In Indiana. however, only
three auHtan 1t, while sovon oppose It with moro
or lo8s heat and virulonce. Tho Terre Aaute
Express calls on Morton to mike direct
to the country for support. 1t points tho way to
the Presidency for the Indiana Senator over tho
road Of currency imitation. The Evansville
Journal calls for indignation meetings to ovor-
ave the President. Tho Illinois State journal
believes that tito Republican party OF Illinois will
side with Logan and oglesby on this issue. The
Milwaukoe Sentinel opines that tho Groat West
ia aroused to tho yindication Of it's rightB-mean
ing ite right to have a dopreciatcd currency,
Tho JaneByille Gazette, on tho other hand, cau-
tions tho Washington politicians to consult tho
people before they raHhly make war on the
President. The Burlington Hapkeye VOL
comos tho issue, and invitea tho infla-
tionists to make II without delay II thoy
think it will pay dividendH The Quincy Whig
sagaciously observes that whatever party shall
build Its house on the sandy foundations Of IT.
redeomnblo currency will bo brought to irretr1ey-
able ruin In tho ond. Tho DeBb1oincs Register
hopos the WoBtorn md Southern menbors OF
Congress will have the courage to fight 1t out
on az obstinate and courageous a line IS the
President himself las laid down. Tho Rock
ford Register says that tho President has proved
again that he is as formidable to tho blundorors
who threaten tho credit Of the country from
within as he ia to the enemies who would assail
it from without Altogether. there has boon no
such party jargon since tho daya Of tho Nc
braska bill.
Some fow talk Of compromise on the basis Of
free banking, and retirement Of the greonbaoks
until the amount Of tho latter is reduced to
@300, 100000. This is the plan 80 ably prosonted
by Mr. James ". Buell., President Of tho Import
ers' and Tradors' National Bank OF New York. It
Is wise plan, but as tile basis Of compromise it
IL etnadmlssiblo md worth lesa aince 1t involves
complete surrender OF tho in1ationiata. FREQ
banking. as wo have previously shown, will not,
under the present law Initiate the currency.
There Ia already surplus Of National Bank cur
renoy At the Treasury awaiting takers who will
put up the requisite security; and existing banks
IN t1lu aafgvr cltiep tetlttug thoi1 currency
every day. Three Chicago ban1a have, within
tho past weak taken stopa to roslro theirs. aud a
much larger amount would DO retired II tie law
permitted. Therefore tho basis for the proposed
compromise docs not exist. The battle must be
| fought out.