The Weekly Kansas chief. [volume] (Troy, Kan.) 1872-1918, 1874-05-07
The Veto and Conslstency, &c.

Messages and the Presidents acts themselves for
his authority, he could have discovered that
Grant is utterly inconsistent on this question.
Our correspondent qnotes the following from
Grants Message in 1869:
Among the evils growing out Of the rebellion and
yet referred a. Is that Of irredeenable u
is an evil which hope will receive your most earnest at
government to the citizen medium Of exchange
Of h1ed. unvarying value.
Bat last Fall, when the Eastern money gam
blers were in trouble, Graut exercised the donbt-
full authority of initiating the currency by issuing
the legal tender reserves for the benefit of these
gamblers; and in his Message last December, he
justified himself in the following language:
The experience Of the panic h.. proven that The
Ss 2, 'Ge i. the ss Sf sS. = "a, G sd Usually
in times Of such trials currency has becoin.
s ,s ~ s ~ 70 t the currency
Every one holding it has been anxious to dispose Of "n
1y sfs aoa1d % ay az Ses ad "a a1 s ssss,ss essess
natsrs -
There you have it, This irredeemable curren-
cy is the best ever devised, !" and holders of it
"hoard it as they did gold" You see, the East
eru capitalists were then in trouble, aud demand
ed imitation. --s
Last December, wkea the Eastera capitalists
were struggling to avoid bankruptcy, and were
demanding more currency, the President looked
at it in this way: Z
Ny own Judgment Is that specie ba
sis cannot be reached and maintained sHtl eror
other specie Obligations or 20 nearly 50 ns to leave an a
precabe accumulation Of the precious metals in the
try from the products Of our mines
But now, when the Eastern gamblers have all
the money, and the West is suffering from de-
iciency, this wonderfully consistent President
at the instigation of those Eastern gamblers
goes squarely back upon his own words of only
four months before. in this wise:
While coin is not used as circulating medium or the
becomes article Of commerce much any other pro
other surplus Ti sanee e rog a. ~i ao an, eaS
the queston The duties on imports being required In coin
satisfy that demand remains in the country.
Now, the President wants to hasten to specie
payments; but last December, when the Eastern
bankers did not want It, this consistent man, in
speaking of this irredeemable currency, said in
his Message:
do believe there much ef Z nop for the dues
period Of the year.
Since then, You see, the committees of money
gamblers have been to "see" him.
In his last December Message, after giving his
views on the currency question, he closed as fol-
lows:
The deei.ion Of oOngress The ss1isct Of the currency
iCiH hare The hearty support Of the BIeeutirs.
Congress gave its decision, aud that consistent
Executive gave it his hearty support" did he
Oh, no! The Eastern capitalists bad got all
straight again, and it was the West that was suf
fering; the committee "canie to see him." and
he reneged on his pledge, on his friends, and on
his section of the country.
Frietfd "T. W. H." supPcse,you read Grants
Messages and sayings, for yourself, and don't
hurl at onr head the garbled extracts compiled
by some Eastern organ of monopolsts, and bond
holders.
Further. Grant says, in his Veto Message:
The s44 90 have been regarded reserve be
nsed only Of sFch as has occurred
several occasions. and must occhr when from any
cause the suddenly fall below the expenditures
and necessary because the fractional
rency amounting TO ssS 900 OO6 IN legal ten
ders on call es%fS -
1t so happened, that the ouiyeemergency Grant
ever saw that justified him -ia-anaaring the irre-
deemable currency by issuing the reserves, was
when the Eastern gamblers were hard up. But
now the pressure is in the West, and plighted
faith to the Eastern and fsPe'gn bondholders
will not allow him to grant the desired relief.
Oh, what a consstant maa! -
There unpleasant susrcions coming all
the way down from the memorable Black Fri
day." that the Government finances have been so
manipulated as to favor large stock specuations,
in which certain friends of the President have
found their profit. Furthermore, on the recent
currency bill, this consistent President misled
the public up to the very hour of sending in the
veto message, causing friends and foes of the
measure alike to believe that he would approve
it. Was not this done to aid stock gambling
schemes, and have not millions been made by it
by somebody land if so, by--xhose friendsf
How much of it by the ring that sent commit
tee to convince the President that the honor of
the country required vetoi
Yet they tell us, stand up for the President, in
his efforts to carry out the pledges of the Repub-
lican party, and to preserve the faith of the na-
ton! Stand by President who changes with
every wind, especially if it be an East wind; and
who trifles with the interests of three fourths of
the nation, for the benefit of the other fourth,
that happens to control most of the wealth!
They talk about Reputation, too. Who
among the inflationists as they are called, has
even hinted at Repudiationf Nobody has pro-
posed it. The leading friends of the currency
measure are the men who have fought the Re-
pudiationists for years past. What shape has
the thing taken, when Senator Thurman, the
right bower of Pendleton; the rebel Senators
for Maryland and Texas; the New York World
Cincinnati Enquirer, and the Democratic organs
throughout the East-we say, how comes it that
these old Republication men and newspapers have
so suddenly become clamorous for preserving the
national faith, aud are denouncing such men as
Morton, Carpenter. Ferry, Cameron, Oglssby,
&C., as Repudiationistsi 1t simply means that
the interests of those men and those newspapers
are now with bohd6oIdeFs- q soi6hopolies that
demand contraction-a mattsr of money and
speculation. 80
We acknowledge that we know nothing of the
science of fuance-we trust our correspondent
knows more-but We have crude opinion upon
the subject, nevertheless. We want somebody
to explain how an increase Of currency sufficient
to relieve the stagnated business of the country
is breach of national faith or step toward re-
pudiationi The outstanding United States
bonds are payable from twenty to thirty years
after date. Would an increase of currency to