Vicksburg weekly herald. (Vicksburg, Miss.) 1868-1883, 1878-03-08
Press CommsnSs On the silver
NH.

SAAt AAA $50 q 49, 80 E@
basis IL restored. Let us resume upon
Il. Il is lawful for the mints 10 strike
forty million silver dollars before re-
sumption day. Let us have every
dollar Of Il ready In the Treasury for
resumption, or issued In Exchange for
gFeenbacks. Further silver legislation
IL not wanted, and II cannot be accom-
plished. Possibly . majority Of both
Houses might be found for some
amendments, but lwO.thirds votes
cannot be given TO anything additional
that has been or is likely to DO pro-
posed.
Gin. Enquirer, /: The two branches
Of Congress, with unfaltering devotion
10 the interests Of their employers,
resisted the Establishments Of the Mon.
ey Power aud trOd the servile Opin.
lions Of the Administration beneath
their feet With noble sCOrn and prompt.
ness. The country understands that
the veto was not the personal veto Of
the President. II Is wholly ~inConsist-
ent with his temperament and Charac.
ter to assert bic individual opinion
obnoxiously. He is modest and unas-
sumlng, but too much disposed to yield
TO strong men about him. Sherman,
the vicious Minister Of Finance;
Schurz, the renegade; Evarts, the tool
Of New York; and Devens, The Clerk
Of New England, dictated the veto
message.
Cincinnati Gazette, /: The large
number who are In favor Of silver pay
ment Of the bonds OF any cost will still
respect the President for his adherence
to bic integrity and to the principle of
National honor ct the sacrifice OF per-
sonal popularity. His reasons are I'M
answerable by any true arguments.
Chicago Tribune, /: The victory lie
one Of the people. Il is . victory that
. was needed 10 remind the world that
. Wall street no longer controls and
dictates National legislation. Fer the
fret time, perhaps since the war, there
has been legislation OF Q question Of
finance which has no been inspired BY
aud In the interest Of those who live
by gambling In money and public
securities. We congratulate the coun-
try on the substantial victory II has
A.. gained. We congratulate the Repre-
{ sentatlVes of the country in Congress
? upon the ability, unity, energy and
: fidelity they have shown In the defense
and maintenance OF public interests.
+. While we regret that the President has
I voluntarily shut himself out of all par
I ticipation In the National victory, the
value and the moral subllfnity Of the
G victory itself ia only interrupted, be.
cause, in the ranks of the discounted,
arc included the President aud bis adj
m~inistratiOn.
d New York Herald, /: The silver
= agitation has alarmed many prudent
people here, and we happen to know
on the best authority that for some
time q quiet movement has been going
Ir on Of capital drawn out here and sent
10 to Europe TO be invested there, We
10 do not know how considerable is the
al amont thus transferred and lost 10 pro-
duclive industry here, but we have rea,
G. son to believe that If the whole amount
g. were known il would slartle thought,
30 full men. This is a serious matter. W.
es need here not only all our own realized
;; capital. We need, as we have always
|. needed, 10 borrow largely from abroad
lie TO conduct highly profitable e~nterprisel
le here. This silver folly, which thinks
le that a nation can become prosperOuG
Of by paying 81 cents on the dollar, Il
70 in fact, impoverlshing Us, and deprvinG
~ us rapidly aud surely of the capital WI
need to keep our enterprises going.
N. Y. Times, l: Mr.. Hayes is colo
at the cost OF vigor aud impressiveness
Il lie real yes the duty Of keeping Ma.
no tiOnal promises with "unfinchinS
y, fidelity )" declars that the obligation
" of public faith transcend all question:
A. of profit or public advantage, and ;ha
n dts maintenance is dictated by ex
ic pediency as we'll as duty" All O
which is good. lie declars, moreover
u. that the bill authorizes violation o
of sacred obligations" and on this grounC
he he declines 10 sanction It. II bis con
viciions as a inancier were as clear anC
at positive as bis moral convictions, hi
ls message would have been stronger anC
a. more Effective. The impression II |
al most likely to make nov is, that Il wa
e. prepared reluctantly, with q isinI
heart, aud an unpleasant consciousness
VI NhO lh'V tihb aW ultSu ~ III OuAEt
New York World, l: Presiden
D. Hayes gives his objections 10 the silve
bill clearly and tersely, and we thinl
ie there is less effort after effect and NOR
y Straightforward strength inthis message
than in any previous document he hal
y written. lie opposes the bill becaus
he thinks 1t will impair the obligation
OF contracts, public and private, AM
iDjure the National credit.
e, New York Tribune, /: Thanks to th
Sen To, the worst of its poison wa
u, taken out, and the silver bill that ha
become law no resembles th
Bland bill than II does wise Legislation
1t only inAiCts the stain upon our Ma
es tional honor. If this should serve q
q tub for the reputation whale, W
Ah may we'll rest, after some sort, contenI
The resumption actis still binding, an
lg we are within ten months of reSnmu
ton. Moreover, we are In a good posi-
~ ton to resume. Give "a, In spite Q
" this bill, ten months more freedom frOU
tho nOhaman nf Sha ~tld anaaogaua n