The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-24
NEW YORK HEKALD FRIDAY APRIL "a le74-TRPLE SHEET.

have been compelled TO change my mind, and
veto WAS made known. You see the street to-day
Is good deal excited, but the excitement does
not spring nom anything ike panic caused oy
could tell As well as anybody which way the wind
was blowing had discounted this currency question
70 Was s ae o would &c sDed
natural that everybody who was thus convinced
should have trimmed his sails accordingly, and the
result IL what you see to-day. There 10
TREMENDOUS UNLOADING OF STOCKS
going on by those who, under the impression that
the Dill was certain TO be signed and that rise IN
prices would be the result mad been loading up
with 2 view TO making good thing out OF the
s STU n Then again you must have noticed TO
oppose Q bear feeling are determined to DO all
they can TO add to the feeling and bring down
no one think seriously. for last evening anybody
who was In y bad corner had ample tire after the
make compromise II ne sae his transactions with
man who did not want to be too hard on him.
There have been a. no failures and Judging from the
veto good one and Think that this feeling VIII
become steady and stocks Win be sod more on the
strength OF their actual value than because OF any
mighty speculations OF chQues who may try TO
the reporter, in conversation with the bank
all e cers G so 10 a. ana
know, were from the start opposed to imitation.
THE SENSE OF THE SOLID xoNEYxp MEN
OF TINS city and every city IN the Union, think,
was opposed TO II. We were told and the Pres
tdent was threatened with the idea, that II the
bill was vetoed the most disastrous results would
follow; that trade, now languishing. would be
paralyzed altogether; that In iack there would be
in the West and South o financial crash that would
dustry in the land, that would make the poor
general scene OF disaster. Now, this was .
very appalling picture, but what foolish
one 1t was can be seen already BY the very
SLIGHT effect. qnRaktu0. which
nine men out OF ten on the street had come TO be-
ieve that there would be no veto, ana had acted
accordingly In his stock operations. President
Grant never did wiser thing in his life than when
he penned that veto. ana men VINO now, because
OF some selfish motives OF their own, because IL
has demolished some fine plans they were anxious
should coin them fortunes. denounce the President
WILL before year goes over their heads, acknowl-
edge that they have been
ALsLED AND FOLLOWED FALSE GODS.
Hereafter, II Congress acts wisely, We, all OF U.S.
nnanciess tradesmsn and day laborers alike-wiii
know that the administration policy Is policy
That looks, In financial matters. 70 the
good OF the whole people. TO the good
Keeping the faith Of the government pledged to
It's creditors intact and invioate. Grant has sur
prised many OF Us In TINS act OF his, for were,
We hard money men, as we are called. led to be-
that he would not be independent enough to do
just what some OF his stanchest supporters in
the House and Senate wished him not to do. He
has shown himself master OF himself and
GOOD FRIEND TO THE PROSPERITY OF THE C0UH.
For this he deserves the thanks OF the nation,
and, as have said before, he win surely receive
them IN abundance-ii not now. at least In short
time to come, when people come to understand
better than some now do the dangers We have
escaped BY the act OF the President"