The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-25
The VETO.
Opinions Of the Business Men of
the Great Cities.
WHAT THE JOURNALS THINK
Probable Action OH the
Senate.

WASHINGTON, April "a 1874.
At Q late hour tonight the committee appointed
by the republican Senators who support the Mer-
rtmon Finance bill, vetoed by the President, agreed
upon the substance OF the address to be prepared
and published defending their position as against
the Presidents veto. The members of the
committee are Senators Morton (cnairman),
Carpenter, Logan, Ferry Of Michigan and
ingalls,. The object Is to combat the Presidents
reasons for the veto and to also dispute the ground
taken Ey the President in his veto on the basis OF
his last annual message. The address win be
given out when the consideration Of the bill comes
mp in the senate. This remarkable and I'M
prccedented coup d'etGt on the part OF
the defenders of the bill Ii explained as intended
to set the supporters Of The measure right before
tine country ana to thwart any attempt to make it
appear that they not IN accord with the admin
tsirAtion, barring this matter OF financial leglsla-
tion or that they contemplate renOuncing realty to
the republican party by creating new issue. 1t
Is not the purpose Of the committee to make a
long address, but rather to counterfeit II posi-
bic, the effect OF the veto message in terse SEN
fences and strong language.
THE NrLATIONIsTs INFURIATED.
The friends Of the defeated bill say:-"We will
remain here till September, If necessary, for the
relief OF our people. We expect popular reaction
from this veto which will still give us the victory,
and which viii compel General Grant to retreat
rom his false position. The West and the South
hold the power OF this country in their hands, and
they will not be trined with on this vital matter
OF their currency. All other means failing, they
viii begin the work OF revolution in the elections
for the next Congress, which will f0rete the name
OF the President VINO will succeed Grant in 1s76-a
President who will not DEFY the will OF the people,,
Grant, the malc0ntent innationists say, is cut.
He cares for no party and no party cares for
HIM. He has Tylerlzed and he has written his
epitaph in this veto. He was the bond of cohesion
OF the republican organization. The bond is now
broken and the party is gone. Caesar is killed in
the Senate house and triumvirate is coming.
The republican party for the East, new party for
The West and South, and the democratic party
against both of them. Other currency men say -
I'VE can, as last resort, this session, tack our
Currency bill to regular appropriation bill, the
increased and back pay Dill was tackled on to an
appropriation bill at the close OF the last Congress-
Should General Grant veto an appropriation bill
with the amendment suggested an extra session
must be called, and that Will turn the world upside
down." From end to end Of the Capitol and the
city these are among the expressions heard on all
sides.
PROBABILITIES IN THE SENATE.
Unless the present temper OF the conrending in
nuences shall change, when the fight win open
there will be an unyieldlng and agltating en-
counter. which may grow In evaporation as the
conflict progresses. The effort the part OF Sem
ntor Schurz and others to have the "denouement"
postponed from Tuesday to later date in the
week Will be vigorously resisted, and, as the feel
ing is now, 1t will not be acceded to by Senator
Norton anu his allies. So it may be expected that
on Tuesday next, after the morning hour, the Sem
ate proceedings will open with o lively and
likely to be confrmatory OF the wisdom OF the
Presidents veto Of the Finance bill
SENATOR sHERMAN's SENTIMENTS.
With the greatest OF jollity Senator Sherman i'm
pyessivcly acknowledged himself as pleased with
the veto He said he was glad OF IL; that it was
the best thing that could have been done. 1t
would have been very unwise and very unf0rtu-
nate had the President signed the Senate bill, and
IL would have exercised bad influence on the
country. The veto was the only one he ever ap-
proved. He referred to there having been
none in Lincoln's time. They came in, how
ever, in J0hnsOns term, he knew, but said he
was not aware OF any having occurred in
Buchanan's time. AS to the House bill
on finance he could not yet say what would be
done about 1t IN the committee. 1t had not yet
been discussed, and hence he had no knowledge Of
the views held by the members OF the committee
VINO were considering it specially. He is in favor
Of doing everything to perfect the BILL and resolve
upon some kind Of measure which would give
the country the financial relief required. and save
1t from the dangers and pernicious effects which
were threatened by the Senate bill. He was will.
ing to do anything which will give the security to
the finances for which he has commended all along,
and he is yet in favor Of free banking
with coin redemption, as heretofore He has
av0wed that he TIL eks any man who honestly in
tends to do his duty as Senator or Represent
alive, and Is bound by spirit OF integrity as o
faithful public servant, will do all he to this
end. He does not think anything Will be done
until the present excitement elbows over,'' which
he seems to contemplate with some solicitude
However the fight may develop, Senator Sherman
can be relied upon as carrying the olive branch
and disposed to try all measures consistent with
his convictions to bring about an amicabe ADJUST
ment Of the present ahtag6nis6is on the finance
question.
..>se The DEFEATED PARTY ENJOYABLE.
On the other hand, Senator Ferry ofMicEigan.
ana his friends will stand uninchingly where they
have stood all along. They will insist upon what
they have advocated, and II it Is defeated they
will be satisfied to go to the people with their
record. The gentlemen on the other side are
anxious to c0nciliate matters and bring all existing
hostilites to an end as well as preventing addi-
tional aggravat!0ns from arising
UNANIMOUS ORGANIZATION SOUGHT by DEMOCRATIC
LEADERS.
The democratic Senators, although having bad
luck IN the effort to secure unanmiy Of action on
the Louisiana bill have IL In contemplation to hold
. caucus on financial matters. Judge Thurman, it
is understood, cings to the hope that some plan
may be devised by which the party may all be
brought together In this matter and take advan.
taQe of the republican dssenson. This however
Is Q vain hope. One democratic Senator, in speak
ing OF it, remarked that the party was hopelessly
divided on every great question now before the
country, and that all that 1t was united was the
slammed nigger,n and that was dead issue. III
the democratic Senators do conclude to hold their
caucus nothing practical will OF course come OF
It." 1t is understood, however, that against the
PRESIDENT personally they propose to let the repub
leans fight 1t out among themselves