The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1877-12-07
oPIH1OHs OF THE PRESS.


ana resumption OF specie payments, anu
on both these subjects the president ex-
presses himself with good sense and good
feeling" Irsst
The Times says: President Hayes has
not disappointed expectation. His mes
sage gives no uncertain sound on the sub /
ject OF currency legislation.
The Daily Telegraph says: ''Notwith-
standing the disbursements with |
which President Hayes has been met, the |
firm position he has assumed 10 his mes |
sage assures him the support of the wisest |
aud best portion Of his countrymen."
From the Chicago Tribune.
The president, in that part of bis mes
sage relating TO the coinage Of silver, will
grievously disappoint the great mass OF
the American people, who have come to
regard him as public officer not likely to
be misled by the sophistries, nor driven
by the threats, nor weakened by the
Establishments Of the money lenders and
the professional gamblers in public credit.
The feeling that the government of the
United States, like the governments of all
other countries, is a. mere collecting
agency, charged with the duty Of confsca-
ting private property that the public cred
itor may have not only his usance and his
bond, but that both shall be advanced in
value by every continuance which the In
genuity and rapacity OF avarice may sug-
gest, aud to which weak kneed public
officers may yield, will receive strong con
frmation from the earnestness with which
the president warns congress that he will
not approve the reconciliation of silver.
Well may the projectors and operators in
the great frauds Of 1873 and 1874 rejoice
that their scheme which they imposed
. ha,l e TAD
by the succeeding president, on the ground
Of national honor, national credit, aud the
overwhelming consideration of honesty
and fidelity to the public interestsl Well
may the conspirators Of 1894, who have
hitherto not dared to avow their compile.
ity 10 that fraud, enjoy themselves with
laughter in finding the president covering
their iniquity with the egis of national
honor aud charging the deceived and be-
trayed people with schemes OF Reputation
and dishonesty,
Fromthe Chicago Times.
Upon the fiscal question, the message Is
strong, clear and positive. A considerable
part of what the president has to say on
this subject was published in the Times
some days ago. That which is additional
serves only to give additional strength to
the views expressed, and leaves no doubt
whatever OF the attitude of the executive
on the anti-resumption and silver initiation
scheme. The president is opposed to re
pealing the resumption act. He is hostile
to any 'remonetization Of silver" scheme
which would declare silver an Unlimited
legal tender, or attempt to commit the
double standard absurdity. To declare
the public debt payable in silver coin Of
less commercial value than gold coin would
ha ha kha1 al ra
pudia;ion, and would be attended by al
the damaging consequences Of such re
pudiation. Instead OF saving something
the country (Ihe people, that is, woulC
lose by it immensely. Ii will be exceed
ingly gratifying to all friends of soun(
money system, 10 find that the president
ideas on this subject are not tainted b.
the cheap money" delusion 10 any form
or degree.
From the Chicago IDter-ocean.
We must conclude that the presiden
has fallen into very strange error. II
insists in one place that the public deb
now outstanding shall be paid in nothin
but gold, aud in another place that silve
may be employed TO bring about sDeci
payments,presumably by redeeming greer
backs 10 that kind Of cuin. Are not on
greeDbacks part Of the public debt, aud
it fair to pay them off 10 silver when th
latter coin is not good enough for tn
holders Of other forms Of indebtedness
In other words, are we to have one kind
money for the people who hold the greer
backs and another for the nabobs who hol
the bouds2 Is the debt on which we pa
interest more sacred than that on whiC
we pay nothing at alp
From the Cincinnati Enquirer
ha ,a~rts dc Nr he
cussion Of the questions of resumption an
silver reconciliation. This portion of
message is the most heretical, vicious an
heartless that has emanated from pres
dent for many years. Ii is impolitic.
oversteps the proper boundaries of pres
dental message, under existing circun
stances, with tyTannical eagerness III
president arrayed himself against the pc
pie Of his state, that has Durtured him wi
partial hands, and has showeTed b
bounties upon him. He places hin. self
abrupt antagonism to a great majority
his countrymen in matter that touches
their homes Ho asserts his opinion up
two legislative matters against the fresh
recorded Judgment of the peoples brant
Of the national legislature, thrusting !
individual belief 10 the teeth Of hon
majority Of thirteen upon one question al
vote OF about i've to one on the OthS
He lifts up his voice, too, against what
known 10 be the judgment of the senat
The surrender OF the western president
the moDey-lending section IS complet
The people have been deserted BY the Z
tional executive. The president is join
to his idols.
From the Cincinnati Commercial,
The message is long and Interesting.
contains the passage given to the count
Anew days ago by the New York Sun, al
the president goes further and fares wOr
as to the silver question. which we rega
as great mistake on his part and IN
fortune to his party and his country.
The presidents message gives eviden
that he has DOT been able TO master I
silver question. Ii is possible that he M
be better informed by the time the siy
bill, which will pass both houses Of &C
gress, is before him, The demonetiz,
have deprecated that metal, and ma
lis depreciation the objection 20 its resto
tiOn As an instance of the failure of I
president to grasp this question, We out
him:
The bonds issued prior to 1873 WI
issued at time when the gold dollar v
the only coin 10 circulation, or contempt,
ed by either the government or the no
ers Of the bonds as the coin 10 which tn
were TO be paid. 1t is far better to I
these bonds in that coin than to seem
take advantage of the unforeseen fall
silver bullion"
The reason why the silver dollar was