Huntington advertiser. [volume] (Huntington, W. Va.) 1874-1921, 1874-12-31
The New Finance Bi1-What 4,
Said of It

So far as our exchanges have vet
spoken on the subject. Sherman's Fl
naneial bill meets with small favor
The press generally confirm the view
taken of it by the Gazette yesterday,
and with few exceptions, speak of il
as tricky and insircere. The New
York Herald describes it as initiation
in disguise; "a sham measure OF re
demption." The Times thinks vel
of the redemption of the fractional
currency by substituting silver coin
but of the rest Of the bill speaks
doubtfully. The Financial Bidlstn
holds that the most dangerous tea
ture of the bill is the proposal Il
rob the Treasury of $4,000, 900 OF
coin to replace the fractional curren.
CIV" 1t wants a better and more
thorough measure. The Sun humOr
ouslv defines it as "a Katie-king
manifestation in finance The WOrld
stigmatizes i: as "a false and brazen
pretence." The Tribune considers il
Il shabby compromise. The CONNER,
eial Advertiser saws ''itShOws the need
of little more thought" The Bos-
ton Adperti>er speaks of it as an at
tempt at compromise where COM
promise is impossible. The Globe, as
a step in the right direction. The
Post, as the knell of such imitation as
Morton, Kelley, Butler and Logan
clamored for. The Cincinnati En-
q,airer SAYS, sarcastically, that with
the exceptions of all its features 1t is
a good bill" The National Repuai-
eaa tells us it is not such a bill as the
President desied, but for want Vi a
better it will no doubt be accepted by
him. In the opinion of the Spring
field Mass Rsp,sbicaa it is an elm
beetle measure The Philadelphia
Press characterizes is as ''as bundle OF
inconsistencies and contributions"
The Enquirer calls it vaguely "a de
finite measure" which it certainly is
not. In this way, differing only in
phraseOlogy, the journals OF both
parties ring the changes on the birth
of Mr.. Sherman's bantling-the great
bulk of them viewing it askance as a
poor, weak thing. afflicted with what
Webster, the photographer, describes
as-'a non-coincidence of the optic
axis of the eyes, Baltimore Ga7ette,
The above extract from the Balti-
more Gazette. gives the opinions of sew
eral papers ON the financial bill pass
ed by the Senate. Ii does seem to
us that it Is only make believe that
it is a feint, placebo, by which the
people will be fooled into. the idea
that Congress is doing something
VIXEN it is in reality doing nothing.
1t provides that Specie payment
shall be resumed in 1879, but there
are i years, and t sessions of Congress,
two different Congresses between now
and then, so as a resumption measure
it amounts to nothing; there is an
other clause which says that the
fractional currency shall be redeem
ed in silver, las soon Us practicable.
That may mean something or moth
ing, as it happens. When it will be
practicable, remains to be seen.
1t proposes also to make Banking
free, allowing Banks to be started
whenever the stock can be taken
but that this may not be looked on as
an initiation measure, it provides that
these free banks shall redeem so per
cent Of their notes until the green
back circulation is reduced to $500,
Geo, 900.
The bill is really a political mea-
sure, which is gotten up for the bene-
Git of the Republican party; as such
the Democrats recognize it, and OF
course there being nothing in it that
can benefit the country, they will not
vote for it.