The Baltimore County union. [volume] (Towsontown, Md.) 1865-1909, 1874-04-25
Our DutU.

While what Congress has done upon the cur
rency observation-disclosures the issue of $44,-
100000 of irredeemable currency-may not re-
suit desasterously to business or the country,
Immediately or remotely, it is setting very
dangerous precedent, which, if followed in the
future, may bring about a reputation of the
national debt. If this sort of work stops here
it may be we'll enough. But the ice has been
broken. If the issue of these is right or justi-
fable, the same right and justification can be
pleaded at any future period for the issue of
any amount that can be dictated by the in fla
tionists. The principle once established by the
issue of $44,O00,OOO, it is but short road to
stretching it to cover the justification for issu-
ing $4Os0OO,OO whenever the within or power of
the inflationists can control it,
We repeat, that if this sort of business can
be averted right here, there may not be much
harm result from it, But if this should prove
impracticable, no one can tell where the nation
will be stranded finacially, or what disasters
may embarrass ultimately every department
of business.
In order that the mischief that must attend
on the nation may be averted now and proven
ted in the future, we deem it the duty of every
one who desires the future prosperity of the
American people and to sustain the integrity
of the Republic, to take decided stand against
| REPETITION of the late Congressional action on
the financial situation. There can be no mid
die ground in this matter. The nation must
pay its debt or it must repudateit The prac-
tice of the policy inaugurated is in the drec-
ton of reputation. Its authors may not intend
it as such. Many of its supporters may not
think that it tends that way. And if, as the
pretext runs, this new Issue is to be called in
when the influences of the panic, now upon us,
cused and the danger averted.
The payment of the debt, to which the ma
tional honor, integrity and sacred promise are
plighted, and the oft repeated pledge of the
Republican party given, must be wrought out,
if at all, by return to specie payment imme-
diate or remote.
Those who are opposed to the tendencies to
reputation by expanding the currency should
act together as one man, present solid front
and exert every energy to enlighten the public
mind and educate the people up to their sa-
cred duty. Let us pay the debt that saved the
nation.
Since the above was in type President
Grant has vetoed the bill, which throws the
matter back upon Congress. Unless the friends
of initiation muster more strength on second
vote than they did upon the first, they will be
unable to give it the required two-thrds ma
jority.
President Grant has rather disappointed the
hopes of both sides in his veto. From all that
could be learned concerning his opinions on
the subject, it seemed that he was disposed to
sign the bill. The hard money men are dis
appointed because they looked for his acqui-
escence in the action of Congress, and the in
fationsts are disappointed for the same rea-
son.
Senator Morton, the leader of the imitation
lists in the Senate, held meeting in his room
and said meeting resolved to attack the veto.