Daily Los Angeles herald., 1878-02-24
Latest Eastern News.
Whlstiing 90 Keep their Courage
Up.

w ASHlNGION, reD. Sou.-COTIeS-
pondents' opinions still differ
widely as to whether the President
will veto the silver bill. One Cab
met member, who favors the bill /,
expresses the opinion that a veto is
certain. That, also, is the general
conviction, based upon the we'll
known expressions of the Presi-
dents views, privately, while the
measure was pending, as to the
amendments which he considered
indispensable in order to make it
satisfactory to him. These amend
ments were that silver should be
made legal tender in future
transactions only and thus bar out
the dishonesty regarding previous
contracts; also, that interest on
government bonds and duties on
imports should be paid in gold.
No such amendments having been
made, it is difficult 10 see how lie
can fail to veto the bill. The ex-
pectation that he will not veto is
based on the knowledge of the
Presidents old Wing views, that
the veto power should be exercised
with reluctance in any case in
volving difference of opinion re-
garding questions of policy; but
the President considers that the
silver bill involves a vital question
of principle and not policy merely.
On the other hand, those who
think the President will silently
allow the bill to become a law,
Notwithstanding the convictions of
himself and q majority of the Cab
met, point to the admitted fact
that the Senate amendments have
largely shorn it of its
mischievous character and ar
que that it is better to
accept this than provoke some
thing worse. The answer to this is,
that nothing worse in the way of a
silver bill can pass anyhow, as AL
lison and some others are honestly
against imitation and would have
defeated the pending billif they did
not think that, as amended, it will
promote specie resumption. APP
parently the House will pass the
bill despite a veto. Its fate in the
Senate is uncertain. Much may de-
pend on Conkling's course, as it is
we'll understood here that he con.
trolls, in great measure, several
carpet-baggers who would
have voted against the bill if he
had made any active effort in that
and that he withheld such
efforts in expectation that the
President would be compelled to
see his aid and thus open his way
to securing revival of patronage.
Perhaps less unworthy motion
was the conviction that if he
should come to the rescue only in
time to successfully sustain the
veto, he would have a greater
claim on the Presidents gen.
erosity and on the good
opinion and gratitude of the
country. There is rumor that
he is preparing O speech to that
md. The chances, however, are
that 1t is too late and that the mod
fled bill will become law. Those
who think that the Secretary will
exercise his discretion under the
dill to continue to pay interest
IN gold as he can for two years
put of the stock on hand and accu-
mutations, point out the fact that
The amendment in respect to an in
commission suggests
The propriety of his course, if such
'uture commission is to settle the
relative value of gold and silver in
coinage. Wisdom dictates that the
Treasury, while awaiting the COM
MISSIONS action, should do what
,ver is lawful to prevent the infla-
ion or depreciation of silver and
,reenback currency and United
States bonds or the sending of gold
nut of the country, thereby causing
N undue appreciation.
American Department all full.
WASHINGTON, Feb. 23d.-The
reight capacity of the Government
hips Constitution, Supply and
Wyoming being insufficient to ac-
omm ojate the goods offered for the
'aris Exposition, the ship Ports
Mouth has been placed at the dis
osal of Commissioner G eneral Nc
All space in the Ameri.
an department has been assigned.
Iorc speculation on she silver BIZ.
WASHINGTON, Feb. 23d.-The
between the Secretary
I the Treasury and Director OF the
1ints in regard to the suspension
4 coinage of trade dollars, and the |
ubsequent issuance of orders to
uperintendents Of the several
fints on this subject, have led to
be report, which IL current on the |