Evening star., 1894-03-23
WORRY EITHER WAY
Whether the Seigniorage Bill is
Signed or Vetoed.
THREATS MADE ON Both SIDES
If Signed the Credit of the Gov
eminent viii Be impaired.
A FR EE COINAGE BILL

Some very strong reasons are given today
by the men who have talked with Cleveland
for the belief that he Is going to sign the
seigniorage bill. Yet this is obviously ba ased
on their confidence in ability to enforce their
own arguments rather than in any iudg-
n.ent based upon what Mr. Cleveland him
self has said One statement made is that
Cleveland is strongly disposed to resent an
alleged attempt at dictation by the chamber
Of commerce, and more especially of the
purchasers of the bonds recently issued by
the treasury He is said 20 have intimated
a belief that these people are trying to
puIldoZe MIN, and further, to declare that
he would like to be able to see his way
clear to serve those southern and western
men who have heretofore stood by him
strong Pressure for a Veto.
AT the same time the pressure from COM
mercial centers to influence him to veto the
bill as fat-money project and a blow at
the national credit is in every way as
strong as it can be made And il is held
Up to him as a certainty that IL he signs
the bill the country will be thrown on a
silver basis and the credit of the govern
ment injured at once. and that II he does
not veto 1t he will stultify himself.
Trouble Either Way.
1t Is believed that If the bill is signed
there will be not oriy a raid on the gold
reserve and refusal to purchase bonds
from the government under favorable terms
for the government. but that the bonds re-
Gently issued will shrink in value in the
market and they may even go to the point
OF being thrown on the market at a loss to
the holders. Balanced against these strong
arguments in favor OF the veto stands the
fact that veto will give the radical free
coinage men just the opportunity they are
70 Vr1.gE
coinage. The Presiden. has been informed
by some of his most earnest friends in Con-
gress that if the bill is vetoed the passage
of a free coinage bill through both houses
Of Congress will be an absolute certainty.
A Free Coinage Amendment to the
Tariff Bill.
Further than this, it is declared, and ap-
parently the declaration can be sustained
that free coinage amendment will be at
tached TO the tariff bill: that the two propo-
sitions will go through Congress together
and that he cannot then veto the free coin
age bill without vetoing the tariff bill at the
same time. Added to this the party man.
ayers in both houses of Congress are in
sisting that the bill must be signed or the
party will be split in two. and that cam
paign this fall in which the administration
figures for condemnation IL will be
useless to make; There is a threat involved
In this line of argument, and the President
Is thought to resent this sort of dictation.
as much as that which is construed as d.
recting him to veto the bill.
Cleveland has hold of the two horns of
the dilemma; it is practically certain that
he has not reached conclusion and that
he Is looking for loophole for escape All
opinions as to what he will do are based
upon the Judgment to the force OF the
reasons presented on either side.
Ayeto Message Drafted.
1t is reported this afternoon, the state
ment being made very positively, that MIR.
Cleveland submitted to his cabinet today
a rough draft of a message announcing
his veto of the seigniOrage bill