Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1878-02-27
THE SILVER BILL.
Numerous Opinions from the Press of
,4..r the Country.

Numerous Opinions from the Press of
54. zen the Country.
# ,,. TIME FOR REFORM.
.. New York Tribune
Incidental expenses of the democrat
ic congress: Stopping the funding of
bonds, $17 100000; paralyzing the bust
ness Of the country, s., 900 900; total to
date, $22,000,OO0 "The country de
mands reform.' n4
FROM DARKNESS TO DAYLIGHT.
New York ',raphie
Even RECOMMENDATION will not bring
good times at once, but it will serve as
a brake on the wheel Of disaster; it will
probably stop any further shrinkage,
substitute hope for despair, revive cred
it and turn us from the darkness toward
a better time. &at"a -tt.f
GREAT CRY AND LITTLE SILVER. .
Marshall American. $3.50. ...
The silver bill as passed is not a res
toration, nor will thave the effect upon
the price of silver to make it equal with
gold, which it could have Lad were sill
yer placed on equal terms with gold.
The limitation is practically to 81, OOO,-
600 per month, or 1924, 900 per an
mum. Sherman will not exceed the
minimum. While the legal tender Of
the amount issued is unlimited, the
limitation in amount, as compared with
gold, is practically less favorable than
the 80 per centum comprOm Use broach-
ed some weeks ago that is, to make
gold and silver joint legal tender for
any debt. ..%@1a -HHff. aa' D.. 1881
AN ASSAULT UPON THE FOUNDATIONS OF
PROPERTY. s ,
A New York World. .4 ...
The authors of the bill may amuse
themselves now if they can with specu-
latiOns as to the immediate effects Of
this measure upon the relative value of
gold and silver, and as to the other in
cidental and trivial results of this first
successful assault upon the foundations
Of property in the new world. But the
day is not far off when they will learn
what it costs the individual citizen Of
great country to acquiesce in course
of public action which, in the emphatic
language of such a plain man of bust
ness and common sense as Senator Nc
Pherson, of New Jersey, "shames law
and pollutes morals"
4 TRIUMPH FOR THE WEST.
IT l. uis republican.
The passage of the silver bill marks
the first signal assertion of western in
Auence in the financial legislation of the
countrywide first determined and sue
cessful effort Of the west to think and
act for itself in this important depart
ment Of the national government. 1t
is not to be wondered at, perhaps, that
this western assertion is regarded as an
act of audacitv 1t is not strange that
the east cannot look upon it without an
Impotence and anger that breaks forth
in denunciatiOns of western people as
repudiators and violators of the public
faith. Eastern statesmen haye so long
assumed to lead IN all legislation on
finance, and western statesmen have SO
long been content to follow with docil-
ity, that a reversal Of this order of pro-
cedure looks like instruction.
.F.E DON'T EXPECT TOO MUCH.
Louisville CourierJ ournal. =.
Meanwhile the relief afforded bv the
reconciliation, although it will be felt,
will fall short Of the popular expecta-
ton. Our readers will bear in mind
that we at least have not held up the
silver dollar as a cure-al. On the con-
trary, we have regarded it with most
protesting and divided confidence, if not
with distrust outright. Upon these
grounds we supported the bill which has
passed; that silver was inconsideratelv,
if not unfairly. demonetized; that the
debt was contracted to be paid in coin,
which embraced silver; that we are the
greatest silver-producing country in the
world, and that the reduced value of
silver is no fault Of ours. These were
the considerations, mainly, which NOV
ed us, and they were the considerations
which procured the overwhelming ma
jority just obtained. We hope, and we
believe, that RECOMMENDATION will increase
the value Of silver, reducing somewhat
the value of gold, so that the difference
will not be SO material - g. ..-.t..
e TIME WILL TELL.
Cincinnati Gazette
1t is not worth while to talk about a
veto. That would be vain thing. 1t
would carry no more weight with the
two-thirds majority in congress than the
pope's bull against the moon Presi-
dent Hayes may follow the example Of
President Lincoln-return the bill
signed, accompanied bva veto message
Even if the bill had not two-thirds
vote, but had passed by large MAORI
ty. it is doubtful whether the president
would deem 1t his duty to veto it. 4 X x
Time alone can determine the effect of
the silver bill upon the public credit
and the price Of gold. There seemed
to be no scare in New York on Satur-
day. Gold actually declined fraction
and bonds advanced. 1t would be a
strong victory.for the silver men if gold,
silver and paper should all come, to-
gether. 1t would also be a good thing
for the country, always provided they
keep together. If our apprehensions
shall prove unfounded we shall rejoice
orI