Knoxville weekly chronicle. [volume] (Knoxville, Tenn.) 1870-1875, 1874-04-29
THE VETO MESSAGE.

The Presidents veto of the Senate Cur
rency bill is the all-absorbing topic of con-
versation. We give elsewhere the views
of many prominent men at Washington.
Our exchanges are full of the subject. The
popular idea is, that the West is united in
the demand for imitation. 1t is far from
united. Very many of its soundest BUSH
ness men approve the veto. Many leading
newspapers endorse the Presidents ac-
tion-papers thoroughly independent of
executive influence and thoroughly Re-
publican. The Cincinnati Gazette, after
approving the veto, says:
Between the President and Congress,
then, the currency a0iU be let alone, and
this, of all the propositions that have been
made, is the best. There is currency
enough if the people can only be assured
that it is not to be interferred with until
the future shall demonstrate the wisdom
of different policy Tinkering with the
currency is the greatest evil that could be
inflicted upon the country, and now that
we know it is to be let alone, people will
go about ssthei business understandingly,
and thus bring about such healthy re-
vival of business as initiation could not have
accomplished. This will isatisfy intelligent
people, who have favored imitation, that
the volume Of paper money is sufficient"
The Cincinnati Commercial says:
President Grant has hitherto done few
things SO well calculated to give him hon
Orable distinction as his veto yesterday of
the Senate finance bill.
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 irredeem-
ohl 10 Lob rn-fn 20
derstand that their work is to have an
honest measurement in values specula-
tors will lose their reckless control of
money capital; and honesty stands a
chance of just appreciation.
The Louisville Co,rier-Jourpal says:
" The fundamental theory of the message
is above criticism. No wealth is created
no wealth is brought into the country by
printing and circulating additional issues
of convertible currency"
The st. Louis Republican Democratic)
says: While there will be much noisy
unfriendliness toward the President for
vetoing this bill, we think the sober, think
ing business men of the country will APP
plaud his course"
The st. Louis Globe says: 1.-THE mos
oaSS VIC pllhN bO-udy 10 al llOueSI IelIeA VI
intelligent public sentiment and a favor
able response to a strong public demand"
The Chicago Inter Ocean opposes the
bill, while the Tribune thinks " President
Grant is entitled to high commentator
for his veto of the Senate currency bill"
The Eastern papers of course all applaud
it. The Times thinks "the great majority
of the prudent and intelligent business
men will be satisfied with the veto" The
Tribune says "Grant has once more de-
served well of the country, and merits the
thanks of Congress no less than years age
| when he defended the country against 6
more dangerous enemy" The World
thinks she deserves we'll of all who Low,
the honor of the United States. Genera
Grants veto of the bill to initiate the cur
rency is the smartest thing that he hai
| ever done since he was elected President
The Baltimore and Philadelphia papers
with a few exceptions, endorse it. A dis
patch from the far West-from Milwaukee,
says 1.-The Merchants Association anC
Board of Trade both adopted resolution
approving the Presidents veto"