The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1874-04-29

or bssener. He should be willing TO
sparo on hour or two of his valuable
time TO aid in efforts to save The
State and his fellow citizens from
ruin. Let us then have full unions
representing all classes, cpd let these
unions be earnest in their work
whatever that work may be. OnaAn.
r7E. / 81,
The Presidents Veto and Its Oouse-
''''', quenoes.
Now TINT the President has cxer~
.cised bis veto power, and exercised it
in.the taco and against the: wishes of
a mAj'rity of Ills party, it is inter
cstins to ospcculate rs to the causes in
ddcihs him to take this stop, and us
to the ooasequences to the country.
The imitation measure helped the
debtor class by practically scaling
the debt. 1t was. therefore supported
by the West and South, who are dob
TORS to Wall Street aud Nsw England.
But capitalists bitterly opposed it,
claiming that contraction is the true
solution of the financial problcm.-
Notwithstanding this assertion, Wall
Street hoYlcd moro Justify than ever
whsn it was discovered that tho, bill
would make country banks keep thei r
reserve in their own vaults, instesd
of with their correspondents. in New
York, and thus "contraciiou" of
$25 100000, would, result in that
ccntre. While the Yankees want, bu
limitod amount Of currency, they
want it all in their hands. The bill
was doubly obnoxious to them, in first
making more money, and secondly
taking FROM their.
Hcsyy outside aud inside pressure c
was brought to bear On "the hero of
Appomatox." That hero like we'll
balanced pendulum, vibratcd between
assent and the veto. On ono side
were the vim aud audacity Of .he par.
ty, Butter, Logan, Ctmeron, Morton.
and other boon companions, backed By
the Wost and South. ca the other
the "bloated bondholdcrs" with their
money bags. Il rs perilous posi-
ton. But Grant knows that none y
is king, that by n long purse, votes
can be purchased, that plumbers avail
nothing against capital, and that
Vanderbilt, Gould and Ast?r are sa.
fer allies than Butler, Morton and
Carpenter, especially since the
Grangers aro after tho latter viii
sharp sticks. Who knows also but that
there may be another $25,0oO lyiog
in some vault subject to Mrs. Grants
ordor ? But the President does'u,
like to hear such accusativr5 and VIC
will not make them. Be that as il
may, the bill was vetoed. The East
went wild. Rochester fred off guns
Wall Street had jubilee. The Her,
aid went into II counjptio1 Il. and dis.
patched insane reporters to interview
every broker in the city. D,ston apd
other cities were jubilunt.
But the West is loud in it's wrath.
Grant Is compared to Tyler and 10
nouuced as II traitor. lie is accused
Of having sold cut to the bondholders
Thrch,s are ftecl II offered of smash
ing the party into smi,hrrecus, and o
rutting the South and West in dea ii
ly cnmity against the North. J. ,mo
Gratis arc iuniiant at the prospect Q
regainiI & the nsceLdeh:y.
AS yet all is chaos. But the sign
Of the tiucs 60 to show that both
parties are morlbund, AID if er tn
next election will be dcfunct. "
Of the South want change. An
change will benefit us. II that ghost
Republicanism, is. killed with it
attendant rhantoms emuu :ipation,
Uuiuni>m and rehellinn, ph,ntom
Of issncs long since dead, but stjl
evoked with powerful effect so long a
the present party iGuhi2.t!ons Goa
time, then when the question is ina 4.
0, Of material interest Gnd comm {
sense, the South will lie ;, 'Fcrcd (
cmerye from its present ocervd"tio
and oIcc more breathe the t. {.
air Of liberty.
| .-f y : '-r~ -. o. -..:.-,~
: Comforting Words. -.
The South has been so long down
trodden aud Oppressed, SO aceu,,ome,
to hear abuse and vi,iGca!ion frou
the North, that sho can sca2:ciy re
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