Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1894-04-05
BLAND BILL L
Message From the President on
the Seigniorage Coinage Bill
The Mssar- Returned to Dts
aprroved-The Grounds foe the
Presidents Action stated In
Comprehensive Form.

OAl-
TO rHE HousE OF BErNESESrkrrvEs- -
turn without my approval house blll No. t2a
euttaed An ast directing the coinage % the
silver bullion held tn the treasury ami Tor other
purposes
Ny strong dessrr 10 avoid dizarrrsmeut with
thu@e IN both houses % congress- who have
supported this bill would lead M % approve
Y couli believe that the public good would
not b" thereby eatiaugeret and that such &C
WON on ms part sould b. a proper di-charxe Il
cinctal duty Ina mach. however. a. am IN
antc To satisfy myself that the pr 1po--d lewis-
httiuu l. either wise or apuurraae. nv coucep-
tlnu OF IN. obligations ara rrspssnSitff-
ttrs attached u the great One hold
tornlds the indulgence % M personal desire
aud tnrxoranly confines M 70 that course
which = dictated ~ nv reason and imiruarnt
-ni pointed 1at nv 4 sincere purpose To PRO
tect an promote the general Interests o. our
people
The financial disturbance whirh swept over
the country during the last war ua- IN
paFa4eiei IN Is severity and disastrous con
SEQUENCES lhere seemed 70 tr almost an EN-
TIRE displacement % faith IN our financial
anlAty AMI a lo-~ q confidence ta uur fiscal
pnii-y Among those Who attempted % as-irn
causes Tor our distress 10 vas very generally
Soueeted thai th- operation 81 q provision 81
law thru In furve which required the govern
meut O. purchase monthly a Large amount OF
silver huiIiun and ts*ge its notes IN payment
therefor was either entirety. or 20
a hrEr extent responsible FOR our
condition Thts lsi IN the repeal On the nrSt
DAY % Novemher t%d - this statutory pro-
vision. We aad. however. fallen - low in the
dfrtAs % depression. ana timiditY and apprs-
nsAHtou hat 40 completely gatnesf control in
financial Circles. thar our rapid REGENERATION
cuuld not D. reasonably exp-ctef Oar r~rsv-
SrJ has nevertheless. steadily progressed. and
inuflrh Jess thRn dv- months have elap-~sf zfecs
the reusal Of t4r ISchi-Euus silver purchase
requirement a shuiesane improvement t. TN
ml~taA4biY apparent Confidence IN our an-s-
t4ae -eAf~ufT u q sHrh an extent rsimstAtet
aud tAith IN our disposition 70 tfhere
% sound financial methods T. So Tar
restored a. % proslucc the most encouraging
RESULTS HarI At MgmE NHA MHHHmH III wnw-ra
q anme@tic industry have been slowly .-t Ia
ninunn anst thc ttie - foreign Investment ha<
again stsFt~t In our direction cur recovery
tclnz 80 Nru uufsr wav. nothing should D.
dunr % cheek orr cnnvalesrenc- uor -hauhl
~ iurset that q rrlapSs a. this tim- wouid al
uh@t N1zeiF rTliIc~ us 10 q lower stage OF nuau-
cial distress than that from Nhirh W are tu-t
emerging in~nevs that n the btI under con
sid~railmn ~hnuhi nscgme a law IL would nc 70
igtruriaus Indicated By our r-r~ut repeal
% taE provision forcing silver nuflfun
purrEt--s that g suiid weaken y IL dt1 not
Nw FrlnrMiu- taitE AMI confidence Ga or
-~ant financial r-ufi~ncis- ans that a. 4 GOA
~~NAeEe- uur urHEre~4 o. renewed hu-lmae.
h-t4th sead ~ aafartlnat-iY checked and a
rrtlrG - our r-reng distressing plight --r-
ously strratrn-L This propu-el legislation
. - ee4 atHl 20 tHs EuUr-mrw conditions eruu
iar aut % the Aw compelling the pureha-e %
shN~r - thr government that a xiancg A.
san curhuuu~ 1aa a partial review % the
As referred 90 mas snt 10 l~nunsnIahle
BesVsu ta- Taxa aag % Nazl1-E t@sl whsn
th- at a~cau~ curative amt "a Ia Iaw ~
November l-s1 when tae clause it Contained
mrestlas tAe p1rrhas~ ~ silver sa= rcueal-i
ihrrr sere uurcha~~1 ay the ~~cretarv - fhr
treasury mur- than 10 ss 49, aunce- ~
silver uultuu in payment Tor ths
tuAnfs1 IL governments ~-1sli ir Er~a-Grv uat~-
o. lAFs4- aenuutaalaus Amounting % neariV
sEaea*" which, notes were Immediately
aaffiet - tAe currency tn circulation an1nne u1r
p~1plF >arh notes uer- nv ta~ Law nsat.
ssEa1 teuster tn paymrmta q al lsnts puhlie and
private. except sn-n nfherN-~ expressly sfins
uaieA aas mal= r~~i-ahse Tor customs
ASrs ana ali p4a4He Ha~- amt Nhsu 50 received
maeht rlTAet AaHF sere als4 printed
O. ~ heta aY h4n&tar a~arciatiau~ A. a part -
/ thrff FA8s44 0r@TWs~ en- the steBkusE u rhe
hoaftf~ fh=@e treasury nnfrs WsrF tu - ~
d-eMe4 IN gold or silver gssa Ia the
discretion ~ tar seru-tav % he t1sas
urY Gar u was de tlrest a. 8 part OF
t1r established palisr of the UniteI states -
Hltimtttu tna two metals on . parity win ~aeh
utheF Epsa the prsSaut legal ratio or sa1a
ratio a. mas nT r~rsFiass4 ~ EEs
Ia HasurV culnasI from sEea alIinn ~ IN
Ne stzuzarl silver Huiia-z aa5f afr tluEatta.
tAe tmmssitsts caiuazr % q little les- than =
sst o aslncs~ tae iaN provided saaE a. murh af
tlr reaas4u NJ tulti0n ~houHf b. ther-afisr
guiuasi a. uiiEht te u@rw~~aFV IN rruNEl- far
tWe rTaraptacn l "a u04~lfT enfe- s~usaf on
ITS Far-a4s 4na tHAE anF gaia - SrizuiaEese
zrlsH< frau sara csiaas~ shail ~ accounted
ros 4af Faal luta tae ta-4-aE
las sAa ur -eismlaras~ evidently inillcafHs
~ mses 90 tar ta1tiaa ouned ~ tle govern.
mrua A. sndslt rrazatH agrr Gs4uE q sufficient
amount g. evfn - manF STANDARD silver aal
a WR
r 3 % nasa~arT u"as E-art IN pay
mcaf af "a ruttne saaaEatv uf aaAtau- These
4 q lreAM
Aef
=maa1f g faas -uE4aa ratust FHH tae socaii-f
1h
= ~ eatrE
A
iHa Hr FA infraEsae H-arua -
fue=g zsiH aaa silver tae EAlltsaaare - the
--s- -
- --@rarn~~ = - -. =. - -
- - .
- =
- - - = - ---s~ -
-
-E----s.-
-~.l - -fv-r as5es ts-v --~g-r
I Eta- tn4t uafI- t~rn.~ tha - -
rne rra5sr. - celia - - -
-n-h 7ef.unuftsn IL ~ fsr-~eo. -
.---ssarv III me t-~a-sr~ rhe -w~r-x
I q ts5S 4 ~rr--ias- u aun-1-s-d - ~ i~msest~ Il
I 49, h.IFa- - ~rtfr@f frear-4-r@rf - -
-Fe-ffy- All bsarn-fal m..nt--a~-- - -
49, hat-xr~a - 80 m~rsI-
n 6ata gold - siIv-~ ar serve Is a.
u,rsv .af III taev ta.-tn~r az - Sum- Il
or u..ppla 4 - and .rarI~ ru--sn,v - -
1870 ~ rrs,-~vfn- th1S nar.r~ ,-~..--
$50 sates-frv - -, -eu.aresFv r,r~.asf
| IN me sIaffsrurs a. IN u,sfftEsaf na-t - -
H. ar federal statutes IL 4. nnxh~~- -T--
emphafIcauv r~roru rel thaH ia ~ -~-.1r
| FaH Nh8rh rau~afaI sna uruvt4san muslar whHra
the bullion nsw % haad Va pnrrhaS~,L ms
IN insists mon me -mafntenaare ~ ~ -.rfrv
in ral1s ~ me rolux - fns no waf4~ 80 49,
eaual uawer OF every dollar A. Al times \. -.
w.rxet- and in the navmeut ~ DEM.
m. sa,reta-v of he t-~4.arv his taer-sere
for the best 81 rgasoEs. not oaIy promufIv row-
piieI with every demauI FOR me reltem pfa1r -
ih.s- treasury notes IN GOLD buf me nrs~rat
situatioa. a. veil A. ne letter and suirit az ne
law apnsar plainly to IIstify, II they DO not en-
ioin upon aim. ) continuation Of such re.iemp-
iion. The conditions / have endeavo-ed %