The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-16

Further Comm nts OF the Country Press.
!. The San Antonio trexas Herald has this to
say
But upon no question have we been more decid-
eddy pronounced tnan we have been against the
policy which would innate The currency. We de.
sire above all things to return to the resumption
OF specie payments ana free banking the one to
be dependent on the other. And although we
have found some eminent Southern democrats and
southern journals supporting this increase OF the
currency, we have noticed 1t with deep regret.
The Chicago Journal says OF President Grant,
The first, or nearly the first. bill signed by him az
President pledged Congress and the republican
party to pursue policy tending toward resump-
ton. From 1t there is no departure In honor or
SAFETY
~ The Boston Fn1ncfH r corr says
- No more momentous responsibility ever
rested on the President. The people OF the coun-
try expect him to arrest the majority OF the two
houses OF Congress IN their mad career. Every
CONSIDERATION oil national honor and economy
points IN one direction. The President cannot be
veto. We cannot believe that he will prove false
to ms repeated pledges and violate the solemn
promises OF the government by signing the in1a-
uonists' bill. But suppose he signs it, Then he
ranges himself on the side Of folly and repudia-
ties viii be iorgoten The hard money men Rave nave
not entered into this contest with the ton OF
Yielding te onanoe msor They mean to fight
on their side Their policy Is for the benefit OF the
whole people, rich and poor. All history and ex-
perience are in their iav0r their ultimate success
is certain.
The Philadelphia Ledl err says:- U
The only hope OF check 10 the widest propo-
siJOns Tor expansion Is q veto 10y the President,
thug that the usually best informed as to White
House movements think not at all probable, though
the extraordinary character OF the measure pro-
posed is just sucn as to invite and 70 fully warrant
Executive interference. While 1t may be true
that President is dissatisfied with the action or
Congress on the currency question, 1t can hardly
be hoped, IN the multiplicity OF political and par
sonal considerations, That he VIII rise to the level
OF the occasion and nterpose his veto to prevent its
becoming o Law. ~.
The Savannah tGa.) Herald says:-
Some OF the Southern members take the position
that their States, being poor and destitute
should have more money, overlooking the fact that
IL Is capital, not currency, which Is needed that
we cannot have until we earn II import emf
grants who have It,
The Louisville COurier-Journal has this to say
There Is no doubt that the strongest influence at
work IN Washington upon the currency question
has proceeded from the ra1lrOads This has been
altogether secret. We have seen, we may say
without exaRgeratiOn, furlOngs OF petitions In
favor OF currency imitation from merchants, farm-
ers and art,sars-all classes OF the people have
been brought out on that side BY the advocates OF
expansion; but the railroads have been TO all out
side appearances Indifferent spectators. The bulk
OF railroad property In the United States Is largely
unreal, and nothing but an tnnated and unreal
system Of finance can float IL probably to those
Interested Values must not only be "b0osted,n
but speculation must be inaugurated anew and
feverish tide OF travel and tra11c must be mpelied
into activity at whatever future cost. Inc great