Bozeman avant courier. [volume] (Bozeman, Mont.) 1872-1882, 1874-05-01
VETO OF THE CURRENCY BILL.

GAAD<AA3 MA =, 40
VETO THE CURRENCY Bill
President Grant has interp0sed Iii
veto Of the Currency Bill, on whic
Congress has been engaged since d.
cember last. The most impOrtan
measure passed this session fails to bt
como law. Whilst the House Of Repre-
sentatives might be able to pass til
bill over the Presidents lead, the X
quired two-thirds vote could not b
obtained in the Senate. We are muc
surprised at this action of Presiden
Grant, for we had good deal Of fait
in his regard for the people especial
for the opinions of the West. Itseems
however; he could not sranu the pres
sure from the East, and now the issu
is fairly made Oh the currency, as "
suggested few weeks ago, and here
after Rcpualicanism and Democrac.
will not divide parties, but the division
OF parties will exist as to the policy 0
the Government on questions Of finance
and currency. This act of the Presi
dent disrupts the Republican party
and the Democrats are so divided OF
this issue that it will be difficult fol
them to keep up their organization.
The veto Of this bill will be sevcrel,
felt in the West. Business had begun
to revive under the influence of it,
passage by both Houses, and the dis
appointment will he great at the course
President Grant has taken. His con
duct is regarded as inconsistent, as he
had allowed over twenty millions OF
this very reserve to be issued from the
Treasury, and the action of Congress
was in part a legalization Of what he
had done. Had this currency bill be-
come law, the depression under which
the country was laboring would have
passed away, and debtors been enabled
to have cancelled their obligations,
because there would have been money
in circulation to purchase their pro-
ducts. The Government will lose by
the operation, as property will be val
ued low, ard business restricted to
narrow channels, thereby Gripping
revenue receipts. The opposition to
an increase of the volume Of currency
came from the monopolists and money
changers. 1t came from those who
have for years been fattening on the
toll and labor of the American people.
1t came from a class who do not soc
but who never fail to reap. This class
has had the administration of the Gov
eminent, legislative and executive, for
the last thirteen years, and the country
will never get relief from its burdens
unlil the whole system is torn up root
and branch. It lies with the people to
perform this impcrious duty, and we
anticipate such political up-heayal
of the masses as will send old parties
and their representative to an oblivion
that can never be resui1rcted. This
veto will arouse the indignation of the
entire Western and Southern people,
and teach the East lesson that they
will never forget. The elections for
members Of Congress in November
next will result in a triumph of the
peoples increment, and the halls of Con.
gress will be filled with men who will |
truly reflect the wishes and wants of
the whole country. Repeal of all laws
that have given the East its great
wealth and power should o',d doubt
less will bc the first step in the great
rcform-repeal all tariff laws that give
the East such an immense advantage
is duty demanded. We are for re.
faliation. The people of the West
were oppressed and appealed for relief;
instead Of their appeals being met with
kindness opposition comes from the
East, and by their action have turned |
a deaf ear in this hour of Western and
Southern distress. We think Presi-
dent Grant has failed to do his duty /
in not affording the relief demanded
by the necessities of the country. and
has not shown himself the Executive
Of the whole Union, but of the money
power of New England. He will be
regarded in future as sectional Presi-
dent, welded to the interests of the
Shylocks of the country. He is the
head Of the cent per cent party, and
by this one act furnished the bright
ness of his fame. We regret his action
n vetoing the currency bill, as we had
began to have rather decided fancy
or him As President, believing that
n this second term he was intending
. work honestly for the good of the
whole country without regard to party.
GRANTS veto Of the currency bill
being warmly discussed by the press
4 the country. We judge, from the
neagre dispatches received, that this
9 the most popular act Of his admins.
ration.
We are surprised to And the above