Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1874-04-29
THE VETO.
Press Opinions and Personal Opinions.

Press Opinions and Personal Opinions.
Probably no state paper since the
emancipation proclamation Of Presi-
dent Lincoln has occupied the attention
of the people SO Accordingly as the
Presidents veto of the currency bill
The following extracts will show how it
is received in different localities and by
different parties
In New York city the stock and gold markets
| were very much depressed. 1t was generally
| believed among operators that the signing Of
| the currency bill would result in contraction
and depression in prices would follow on the
| heels of such event.
All the great lawyers and fnanciers of New
| York are rejoicing over the veto of the bill
and believe that it's effect will be, in every re-
spect salutary.
A dispatch from Springfield ILL.,, says, 'sThe
| State Journal will oppose the veto and sustain
Logan and Oglesby, and that the republican
managers will take that course, and all the
state officers likewise. Grant is without polit-
ical support, SO far as his own party friends
are concerned"
| The Merchants Association and Chamber
| OF COmIn0TCo, Oh milwaukee,, duOpI6u I0SOlu-
lions warmly thanking the President for veto
| ing the measure.
| At Des MONIES, Iowa, the chief topic of con-
| versation was the Presidents veto. Promi-
nent republicans intlationists, denounce the
| action of the President, ann boldly assert their
belief that corrupt Influences were used to OBJ
tain it.
Madison, Wis, and Rockford, ILL.,, dispatches
say the veto was received with much enthusi-
| asm by the citizens generally, and that the
President is Endorsed by all parties for his
tirmness.
THE PRESS.
From the Cincinnati Commercial
President Grant has hitherto done few things
SO well calculated to give him honorable dis
tinction as his veto Of the Senate Finance bill
Qualities for which, i'll his military career, he
had eminence, seom unexpectedly to have as
serted themselves. Their exercise 80 iudicious-
ly in such an Important uncture was very OPP
perfume. He has come to the rescue of his
country's honor, and to the protection Of credit
from sure disaster at most critical period
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 irredeemable currency; laborers
will come to understand that their work is to
have an honest measurement in values; specu-
lators will lose their reckless control of money
IL
appreciation.
From the Cincinnati Gazette.
* * 1t is not the measure in it.
self, but the principle upon which it was
| adopted, that is Objectionable. Every PROPOSE
ton looking to future redemption was voted
down. This was equivalent to notice that
the question of returning to specie-payments,
or looking to such return, not to be con-
sidered. 1t was also noticed that ma jority of
OH o111tp inf or,1
would reach that at future time. The effect
Of veto, then, is to notice that indefinite
initiation connot be accomplished while Grant
is President.
From the St. Louis Republican,
1t is easy to see in this situation,
the elements of a tremendous CONFUSION in the
Republican party, if not tie germs of total
reorganization of both parties in this country.
We do not mean, of course, thai the people of
the West and South are united on the subject
of the initiation of currency, and are anxious to
force an issue with the other sections on this
alone; but it is undoubted that the division re-
ferred to may be made to enter pretty largely
into pol ..tcal movements preceding the Presi
Dental election of 1876 if Morton and Butler
can be relied Oh to exhibit the pluck and inge-
unity for which they have peen noted hitherto.
The Cincinnati Enquirer says:
''Yesterday, Ulysses s. Grant disgracefully
broke his pledge, baked the will Of the people
of % States and exhibited himself as the will
ling, crnging creature Of the Eastern monopo-
lists Had he been consistent, he might at
least have earned the respect even Of his oppO-
nents. But he has shown an anxiety to heed
the behest Of the Eastern capitalist, though in
SO doing he proves traitor to, the people and
stamps himself as violatOr Of his solemn
pledge to the country. When Wall street has
piped, Grant has danced When Wall street
has mOurned, Grant has been found IN sack
cloth and ashes"
From.the st. Louis Democrat.
The Presidents veto message will leave no
doubt in the minds of those who read it as to
his position On the currency question. He is
an out and out contractiOnist Of the strlctest
type In his criticisms of the measure sent to
him for his approval, as we'll as in his general
remarks upon the condition of our national
finances, he clearly indicates that he favors
contraction of the currency, speedy return to
specie payments, and marked increase in tax
alton. He would not only diminish the quanti-
tv of currency but would increase the demand
for it by imposing additional burdens to in
crease the revenue.
The Milwaukee Sentinel says the veto may
have been essential to it's perfect happiness,
yet it g is haunted by frightful doubt"
The Milwaukee Wisconsin says the message
is a clear and comprehensive document, giving
conclusive reasons why the bill should not be-
come law; reasons which have frequently
been urged in opposition to imitation, and
which cannot be answered. 1.-The veto is in
in accord with the principle which the whole
nation has, until recently, recognized as sound;
it is in accordance with repeated pledges of the
government and parties; it is in accordance
with his own record it is tho death-knell of
imitation, and the guarantee to the nations of
the world that Americans are neither destitute
of common sense nor given over to dishonesty"
PERSONAL OPINIONS.
Franklin Edison, President of the New York
Produce Exchange, says in all his extensive
correspondence with merchants III the west, he
has not found single substantial business
man who favored imitation. He says they all
seem to coincide fully with eastern merchants.
! A. T. Stewart says the veto will increase
trade and Give commerce healthier tone. as
it will revive tie peoples waning confidence
in the integrity of the government. It is too
late, however, in his opinion, to help the spring
| trade.
VIM. NJ Evarts says: "The assurance
which the veto gives that the Government is
/