River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1874-05-01


President is Endorsed by all parties for his
firmness
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, III his military career, he
had eminence. seem UNEXPECTEDLY to have as
serted themselves. Their exercise so judlcious-
ly in such an important juncture was very OPP
perfume. He has come to the rescue OF his
countrys honor, and to the protection of credit
from sure disaster at most critical period.
The world has now assurance of our National
honor: the business men of our country know
that their ventures in trade are not to float on
a wild sea of irredeemable currency; laborers
viii come to understand that their work is to
have an honest measurement in values; specu-
lators will lose their reckless control of money
capital and honesty stands a chance of just
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. Ii was also noticed that ma jority of
Congress favored an absolute imitation, and
would reach that at future time. The effect
Of veto, then, is to give notice that indefinite
initiation connot be accomplished while Grant
is President.
From the st. Louis Republican
1t is easy to see, in this situation
the elements of tremendous CONFUSION in the
Republican party. if not the germs of a total
If hot laa RI in This country
We do not mean, of course, that the people of
the West aud South are united on the subject
of the initiation of currency, and are anxious to
force am issue tn the other sections on this
alone but il is undoubted that the division re-
ferred to may be made to enter pretty largely
into pol teal movements preceding the Presi-
Dental election of 1876, if Morton and Butler
can be relied on to exhibit the pluck and inge-
unity for which they have peen noted hitherto.
The Cincinnati Enquirer says
Yesterday. Ulysses S. Grant disgracefully
broke his pledge. baked the will of the people
of % states and exhibited himself us the will
ling. cringing creature of the Eastern monopo-
lists. Had he been consistent, he might at
least have earned the respect even of his oppo-
nents. But he has shown an anxiety to heed
the behest of the Eastern capitalist, though i'll
SO doing he proves traitor to the people aud
stamps himself az a violator of 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 no
doubt in the minds Of those who read it as to
his position on the currency question. He If
an out and out contractionist of the strictest
type. In his criticisms of the measure sent to
him for his approval, "a well as in his general
remarks upon the condition of our national
finances, he clearly indicates that he favors a
contraction of the currency, q speedy return 20
specie payments, and marked increase in tax
alton. He would not only diminish the quaint
~ Of currency but would increase the demand
for it by imposing additional burdens to in.
crease the revenue.
The Milwaukee Sentinel says the veto may
have been essential to its perfect happiness
vet il is haunted by frightful doubt
The Milwaukee Wisconsin says the message
is clear aud comprehensive document giving
conclusive reasons why the bill should not be
come law reasons which have frequently
been urged in opposition to imitation, and
which cannot be answered. The veto is in
ia accord with the principle which the whole
nation has until recently, recognized as sound
it is in accordance with repeated pledges Of the
government and parties it is in accordance
with his own record il is the death-kuell 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 Yorl
l Produce Exchange, says ia all HE extensive
correspondence with merchants in tue west, ht
has not found single substantial bushes,
man who favored imitation. lie says they al
seem 10 coincide fully with eastern merchants
A. T. Stewart says the veto will increase
trade and give commerce a healthier tone, az
il viii revive the peoples waning confidence
ia the integrity of the government. 10 IL toe
late however. in his opinion,t to help the spring
trade,
VIM VI. Eynrts says "The assuranc,
which the veto gives that the Government 4
desirous Of specie payments will be Of adyan
tage 10 the country at home and abroad
/, il said that Senators Morton, Carpenter
Logan. West Harvey. Ingalls,, Pratt, Pease
Ferry OF Mich, and Oglesby, have indicate,
their purpose to make straight aud opei
issue With the President on the veto; Will
senator Schnr2. when the proper time arrives
viii be found among the sincere defenders o
the President He il delighted with the tom
of the message. and frankly eommends II a
the great act Of Grants political life.
Tic President has admitted, Il IL said, tina
he would approve a free banking bill containing
Fosters provision, that az fast o. Nationa
Bank currency is issued grecnhacks, TO tn
amount of 50 per cent OF the newly issued ban
notes be retired till the volume OF greenhac
circulation IL reduced 20 $500, O00.
DISCONTINUED CABBY to ladies', VIII
wishing "a get rid Of their small change
have rendered him one fourpennypiece
two thrccpcnny ditto. one penny, on
halfpenny. and two farthings-the sun
total amounting to his proper fare
Well 'ow long might We both a bee
saving up FOR this little treaty'
To commonplace people the cNtraor
binary appeal possible only after il ha
been executed.