Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1878-03-08
The Press on the silver Bill and the
PreAidenta NeIO.

The veto message demands the praise due
TO an able and conscientious performance of
public duty. President Hayes gives his OBJ
jectons to the silver bill clearly and terselv.
and there is less effort after effect. and more
straightforward strength in this message than
in my previous document that he has written
Ner l'0rh WorM.
The veto should never be referred to with
out special and honorable mention of the
names of the southern democratic senators.
Messrs Bayard of Delaware, Whyte of Mary
land. Batter of North Carolina and Lamar of
Mississippi who voted no. No member of
either House made more signal yindication
of his manhood than Mr. Lamar who voted
against the decided instruction of the legisla-
ture of his state Hartford Comont
The representatives, of the great and iniclli-
gent American people have resolved that
there shall be stamped upon - cents worth
of metal One Dollar The act has been
passed. The deed is beyond remedy. for the
present, at least Honor and good faith have
been spuned, and the American name is
humbled before the world. Thank Heaven.
the act is the act of Congress only, and all
honor TO the President who refused TO parti-
cpate in the deed - Bostoa Idccrti~y.
Whether the practical evils of the silver
bill as Il law shall prove greater or less than
have been anticipated, the fact remains that
the United States Congress has deliberately
voted that ~ cents are equal to 100 and that
fact is at once a national disgrace and a great
blow to public credit For u government
which has notes ont everywhere, and which
wants to renew those notes at a lower rate of
interest, 1t Is very poor policy to white
down the value of money in which it propos-
es to pay those notes. -SPriHafeM UHioH.
The Executive veto of the Silver bill is bas-
ed on the plain and broad fact that lit au-
thorzes the violation Of the obligations of
public faith, and the related fact that cur
rency worth less than it purports 10 be will in
the end dcfrand not only creditors but all who
are engaged in legitimate business, and none
more surely Than those who are dependent
on their daily labor for their daily bread
These are reasons enough why the measure
should have been returned TO Congress with
ont the Executive signature. Nor has the
passage of the bill over the veto weakened
those reasons in any way BOS,oH Past
With its present provisions, the Silver bill
is rather wrong and a shame than a positive
cause for alarm in business and industrial cir
cles. 1t is reported that Secretary Sherman
regards the measure as one which may be
used to promote specie resumption. This
may or may not be true, but with the amount
of silver which can be coined during the next
year or two there can be little apprehension
of serious consequences. The silver deusion
has already inflicted the most serious damage
of which it is capable, by the uncertainty and
apprehension which it has caused in business
circles the past three months. If Congress
will but stop here and not trihe with the cur
rency question any further, confidence will
come back, and under the prosperity which
confidence alone can bring, the great and Wig
orous nation can adapt itself to the new con-
ditions. Boston Journal