The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-04-28
BY TELEGRAPH.
The Veto Of the Currency-How 1t was
Received.
Especial to the St. Louis Republican,

tUc w Hltc House cduScu SUCH ComHOlloi
at the Capitol as ensued upon the receipt o
the Presidents veto of the Senate Financ
bill to-day. TO the great majority bo' h .
the infiatiOnists and resumptioners the vett
came as a thunder clap from clear sky
The cool manner in which the President haa
uniformly received the anti-inflation dele
cations who had waited on him from New
York, Boston and Cincinnati, and the un
qualified assurance OF the leading imitation
lists, that he would either sign the bill OF
allow il to become law by the lapse of The
time allotted for the consideration by the
Executive, had wrought general ,bele
that a veto was out of the question.
READING THE MESSAGE.
During the reading of which the Senate
chamber was study for an artist The re
sumptionists made no attempt to conceal
their delight, aud it would have beef use
less for the inflationlsts to attempt to con
ceal their discontinue and chagrin. Sena-
tor Morton sat uneasily in his chair twisting
and turning himself about, while a CON
stantly deepening 81 adow Of vexation,
defeat and digust oveppread his grim
features. Mr.. Logan was in the cloak room
when the reading Of the message began and
came into the chamber only in time to hear
the concluding sentences. Then he sat down
sullenly and stturninely mastcated the lux
uriant ends OF his fine mOustache until the
reading was finished, when he got up, and
scarcely noticing Conkling, who bowed to
him with exasperating suavity, he went
over to Ferry Of Michigan, and they two
paired off tor an exchange of dolesomeness
and sEecnlations as to the probable fate Of
this great country, which it was evident to
them the President did not understand.
THE REsUMPTIoNIsTs,
especially Conkling, were in high glee and
lost no opportunity of testifying the same
to their chopfallen opponents. There could
be no doubt, after witnessing this scene in
the Senate, as to the width and the depth of
the chasm the financial question has torn in
the ranks Of either party.
SENATOR FERRY, OF MICHIGAN,
was hit somewhere in the region of the
diaphragm by this veto. He had not ex-
pected it, and it astOnished him. Last night
he had secuted any such thing as the pos
sibiity of a veto, and had gone so far as to
declare that the President would have no
earthly groand to stand on before the people
of the West If he should yield to the de-
mands of the
MONEY CHANGERS OF WALL STREET.
and veto this measure Unpopular relief. Now
that the President had vetoed the bill Mr..
Ferry had his choice between taking back
what he had said and leaving the President
standing on nothing. At last accounts he
had not taken his choice of the horns Of this
dilemma.
SENATOR BOGY
was not particularly pleased nor particular
ly displeased with the veto. He believed it |
would bankrupt the Republican party. and
that would be of about much substantial |
relief to the county as an imitation of the |
currency; so that whether the President had
signed the bill or not, the country was bound
to be relieved one way or the other, and it |
made but little difference which way
SENATOR CARPENTER
was called upon this evening. The Senator
was not in an afiable mood but neverthe-
less submitted to the interviewing process
with commendable degree Of gravity The
conversation was inaugurated somewhat
nnoeremOniOusly
COrrespOndent-What are your impres-
sions of Grants veto message?
Mr.. Carpenter-It is very droll docu-
ment, and not at all satisfactory to the
friends Of the bill.
Correspondent-What do you believe will
be its result upon the country
Mr.. Carpenter-1 fear it will result in
disaster. 1t throws the whole question ,
back on Congress and demoralizes every ,
body and everything. !
CorrespOndent-What do Won think Of the }
residents objection to the increase of green
back circulation l
Mr.. Carpenter-As remarked before. the q
entire message is droll in the extreme. He
argues that the forty -four millions should he
held as a reserve, to be issued or withdrawn
1t the option Of the Secretary of the Treasu-
y. l hold that if the Secretary of the >,
Treasury has legal right to put out the re- !,
erve, Congress certainly enjoys the same a.
privilege and should exercise it. The Pres- =
lents argument is lame. y
Correspondent-What does the President =
Z, rna.a, linz ft,,,t ! H., |
increased SO as to meet current expendi-
ures
Mr.. OBSERVATION-DISCLOSURES he means in :.
reased import duties and increased internal :"
axation.
Correspondent-In what spirit will the q.
onntry receive the recommendation ~
Mr.. Carpenter-It will meet with oppo- - -,
tion everywhere. ~
Correspondent-Wha will be the effect of - 81
ne vote upon the Radical party Will it co
OF have demoralzing tendency ~
Mr.. Carpenter-Well, | don't know. The III
'sumptionists are more exercised about the -;
etc than We are. They dare not adjourn T.,
ithout offering the country some sort of ,o
'heI, ana 1t is my impression that before ~
G get through with this question they will ~
cord us more than we would have gained .nl
the present bill becoming law 10,
the expansionsts ="
III be the gamers in the end
Mr.. Carpenter-Yes sir. The other side 81
~ be compelled to accede to our terms. va
think they cannot af Ia
r to quarrel with You sh
Mr.. Carpenter-Of all men. the resump- P m
onists OF the East are the leas: liable to ~.
'iit with rs. If they should, however. adj ,n
urn without passing measure Of some sort req
creaslng the currency. and thus throw the ma
'es'ion upon the country for settlement.
e result will be a sectional fight. -,
Correspondent-The West aud South ar SUI
igned against the East ?
Mr.. Carpenter-'That is the idea.
Correspondent-Then there is apprehen visi
IN OF burst up of the Republican party cree
Mr.. Carpenter-Ies, sir. 29tl
EMPHATIC DISGUST live
prominent Indiana Republican tonight.
speaking Of the Presidents veto. said =,
t is just as lpredcted i'll lS6S We then CUE
mt outside of the ranks of the party and II.