The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1874-04-30
Che 1efcrsouion.
THURSDAY, APRIL 80. 1874.


Ezg~ Gen GRANT deserves the warmest
thanks of the country, for his manly veto of
the efforts of the iuhationists to food the
country with Grecnbacks The reasons given
Nv The President for the veto are good and
thoroughly convincing. In his view the true
uolicy of the Government is to bring trade to
It's legitimate channel, by as rapidly as posi-
bic drawing towards the resumption of spe
Gle payments This policy the President
finds foreshadowed in the pledge given by
Congress on the passage of the law author
izjng the first issue of greenbacks, and de
manded by the principles upon which be was
first elected, as well as by the pledges of both
the recent National Republican and Demo
cratic Conventions He holds emphaticaly
that experience and honesty demand that
these pledges be redeemed to the letter, and
50 far as he is concerned gives assurances
that he is ready and determined to do his
share in securing their redemption. And
the President is altogether right in the mat
ter, and The people of the country viii stand
~ him.
It was not to be expected that this action
Of President Grant would be met with uni
versal applause twas not. The specula
tors Of the land Of every name and condition
caa!d not be looked to for the support of .
policy which would interfere with their bread
aad butter They denounce the veto and its
author without stint. They care but little
for the financial honor Of the nation, or for
ANYTHING else honorable that comes in the
way of their greed. Those hopelessly in
debt, who hoped much for their case from
an indux Of greenbacks and the consequent
cheapening Of money, little thinking that the
evil day would be but carried for time over
tie abyss Of heartburnings, and disappoint-
inentS and failures, are down on the
President most vehemently. They looked
for present safety only in initiation The
lo-lly corporations, bankrupt in almost every
thing that renders even prosperity pleasant,
turn dagger eyes towards the President, in
tent upon his annihilation for having de
ss5aysd the Green5acks calf which, mainly
through their influence, had been reared for
worship. They hoped to make cent per
per centum out of the payment Of legitimate
debts by means of Il deprecated currency,
and the veto scatters their hopes to the
winls There are others who cavil at the
course of the Prasident-mcn without means
or business-Shysters and Micawbers who
have wasted years in waiting for something
10 turn up. These hoped to profit in the
good time promised aud don't like Grant,
action accordingly.
1t is a consolation to know that the danger
from the classes named above is not of the
annihilativc order. Its indulgers can bark
hut the trouble ends with barking They
never venture close enough to bite. Gen.
Grant in his action on the initiation bill is
surrounded by Gordon too strong to be
broken by howls and snarles The people
III large majority, who believe that it is time
to return to solid money and legitimate trade
stand by him because by his act the fair
tame Of the country is preserved intact. The
honest tIadesmen Of the country stand by
him because in legitimacy the most certain
business safety is to be found. Even corpora
tions, founded on anything but immaginary
business facilities, stand by him, because
through the near approach to and resump-
ton Of specie payments the various channels
Of traffic as we'll as the great business centers
VII be rendered more truly healthy and as
sure a prosperity which cannot be affected by
every change of the wind and tide.
General Grant has indeed done we'll
His veto may well be denominated his second
Appomattox, and Ike his first has been as
joyfulIy hailed and will be as firmly sustained.