The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1894-04-05
SEIGNIORAGE BILL VETOED
DY PRESIDENT CLEVELAND.
Who Says a"Wholesome Impro - ent"
in Business is "Unmistakably
Apparent.

The President vetoed the Bland scignior-
age bill. The message is very lengthy, but
its most salient FONTS ale as fol-
lows:
To the House OF Representatives:
! return. without my approval, house
bill No. 1855, entitled AN &c: directing
the coinage of the silver buiIion beld III
the treasury and Tor other p0rposts"
MysStrong desire To ayUid disagreement
with those In both houses of congress who
haze sd, Oor,ed this bill won Il lead me To
approve II n coull believe tbGt the yu5lic
would 70. be Thereby endangered auU 'bAt
such sction on NV part would be rfoUer
discharge of Official daty. lngsmuCh,
hOwefe es | az unable 10 satisfy myself
that the proposed legislation is either
wise or ooocriaae. my conception ut the
obligations ana rs,Ionsibil!tirs attached to
great Ct'ice iosblds tne indulgence OF my
pefSUrni ,es.re ddd .nexurably confines me
TO that course vb'c. Is dictated by my
reason and judgment. and ruiltej oIt
by sincere purpose to protect AID
promote tle general interests OF cur
pccplc
Tue financial disturbance which swept
over the CuHn.-y uurinS the les, year was
unpdral!,d la its scvsriiY ana disastrous
/ consequences. There seemed 20 Se almost
an entire displecsnlch. u tn,th IT, oar iiuGn.
uil ability ana loss cf cCrtiie. - III Our
hsCal policy. \ Gag those VINO Ttte.1ptcd
to assign causes f.: our distress it vEs very
generally cSnCedeu tuat az upe-a ion o. a
provision OF law then IN force vrich re-.
I quired the government t. iurcGsse ncn:h.
~ large amount OF silver bullion ia
issue iIs certificates IL pay,Ient ,he.et1T,
was either enlreiy .; to II iatVe esteGt re-.
s,onsible 'C- our condition. ',His led &C tie
repeal on the Is; Gty CT Hovem oar. 1898, o!
this statutory provision. We hac, hp"e'ss,
full la loo l.. s..s.
and tim.dlty and Apprehension ..ai 50
completely gained e Introl ~ theUcil CT
cles that our rapid recCperation could Let
be reasonably expected.
Our recovery. has. nevertheless, steadily
progressed. aud thoughets than tive months
have elapsed since the repeal ot the mis-
chievious silver purchase requirements, \
wholesale Improvement - unrI.stakahly
apparent. Confluence N our absolute
sOlvency ~ to such an extent T'iustated
and faith IN our dispositivn tu adhere -
sound financial methods = 50 far restored a.
TO produce the most encouraging rtsul's
both Ht home and abroad. lhe wheels q:
modern industry ha e been slowly s,t IN
motion and the tide OF .iorcIgu luvCg laent
las again started IN our direction.
our recovery being 81 well under way
nothing ing should bp done To- cheek uu'
ConvaleSceuCe. nor should we forget that y
relapse ut this time would almost sGtc'y
reduce US To lower stage of financial DIS.
Iress than that from which we are Just
emerging.
believe thai ift.e bill under considera.
ton should become u law II would be re.
garded a. retrocresstlnn from the hiau.
cial intentions BY oar recent repeal OF The
provision forcing silver bullion purcl 4. cs,
that IL would weaken ifit did not destroy
raiurnin. faith and confluence in oar
sound financial tendencies anu tha, o. q
consequence our progress - renewed bS'.-
ness health would be unfortunately check
ed a return 10 our recent distress.r
o. "iols threatened,