Lincoln County leader. [volume] (Toledo, Lincoln County, Or.) 1893-1987, 1894-04-12
SILVER BILL VETOED.
Grover Cleveland's Reasons
for Disapproval.
THE MEASURE is VERY FAULTY.

THE MEASURE Is VERY FAULTY.
Would Tend to Check a Return to Pros
perity and DepIete the Gold Reserve
Secretary OF the Treasury Would be
Hampered by Its Provisions.
WAsHNGToN.-The President sent to
the House the following message vetoing
the Bland seigniorage bill:
To the House OF Representatives /
return without my approval House bill
No. 1896, entitled "An act directing the
coinage OF the silver bullion held in the
treasury and for other purposes" My
strong desire to avoid disagreement
with those in both Houses of Congress
who have supported this bill would lead
me to approve it if could believe the
public good would not be endangered,
and that such action on my part would
be proper discharge Of my official duty.
lnasmuch, however, as / am unable to
satisfy myself that the proposed legisla-
tion was either wise or opportune, my
conception of the obligations and re-
sponsibilties attached to the great office
hold forbids the indulgence of nv per.
sonal desire, and inexorably confines me
to that course which is dictated by my
reason and judgment and pointed out
by sincere purpose to protect and pro.
mote the general interests of our people.
tAsr wraps p,stc
Tho financial d;stnrbo nna which owo,,
| 4 I.aA
nnnaralleled in ;ts severitv ond d;sos'
trops cnnsenranoas ' Thora soaad amu I.oIo to ho
on alnonst art;ro d;oriono,ont of fo;th ~
in orr Gnopc;aI ab;I;ty ond a Inso ~ Con-
Gdonoo i, or fsnoI ,'ol;o', tLoso
,rhn ~, t,a,o,,tad ~ go, y s ao,,sos 80 60.
orr J;stro1. - 'ras % ',en,, ,,onoroiIS ooul ~
ceded that tbe oneration III tho nroy;s;on
of tha ia'v thon ~ toroa ,vh;nt ; pron,;rod
Tho nouarnmont 70 nnrchasa ,nnnihIv a
Ia roo on,onnt ~ silva h,,iI;or and 10 ;s'
arc ito notas in novment tborafor ,va a
oitbar ont;ralv or 10 ar,o oxtant ra' &c"
snonaibia for onr cond;t;op Th;S Iod 70
tbo ranooi on the Ist dau 81 Nnnon, b hor y,
1909 @ of tbis statrtoru nrov;s;on W.
LII hn,ro,,o, faiIon o. ~, ~ H. III
of denresa;on and tin;d;tv and onpra-
bana;pn bad 90 oor,niatajy, "a;nad ao,,
troll in fnanciaI c;rclas tLat onr ra MD
roc,narat;on could nnt Ia raasonal li, p pr
nectad ''0' " oA
s,raur ppcovrpv
Our recoverv has navertbeIess steod;Iv
nrooreeeeJ ond tbouoh iaso tbon fvo
montbs have niansad sinca tho ronaoi of
tbe m;schievons ;Iu silver % nnrcbose I rpouire' a.
ment a Wholesome improvement IL nm.
,,,;atoLa III, o,1,,ano,,, co,,Gdonno H.
our aheoInte spIvency 10 IN eucb On ev.
tent re;nstoteJ and fo;tb i, o,r d;snos;-
tion to adhare to sound financial meth.
oda On far restored az r. nroduca the
most ancouraa;na results hoth OF bome
and ahrood The, wheels of Jonootic in
dnstrv have bean slowIv set in motion
and iba lido ~ foro;an inyastmont IL
again storted In onr d;ract;on Onr ro-
coverv heino On we'll under wav notb;n,
should be done to checl our convalas'
cenca NOR sbo,lJ wo forget tbat ra-
Ianse a. tbis t;rna wo,IJ eoirnst omrai,,
rad~oa rs 70 io',ou wor s,o"a 'S ~ srono;n, o
d;stress thoU that tron, posU swhinh i, a, na ara
;net enera;na 7 boi;ova that ;f tho Hi
nnder cnns;darat;on should hecoma a
law II would be reyarded os a retrogres'
sion from, tba fnonc;aj ;ntar,;ons ~,
dnioed hv our recont reveal ~ tho nro.
vision sorc;nn s;iuer brilion n,rcI,o .U po pas .
that II woui1 waaLen II IL d;d not a.
strov the ratprniny faitb and confiJenco
in orr sonnd financial tendencias and
that in conseouence onr nrograss 10 70.
ne,ved husiness beoIth would ba nnfor.
tunatelv checked and n returp n our re.
cent distressino nI;ght serionsiv throat
ened Pe"
M,,vr,rvvn oy,v nv covv,nrvcp
Cons;dar;na tho nrosa,t ;ntr;,,o;c roI,-
tion hetwaen sold and s;lvar tha moin-
tenance Of a nor;ty ba,waan tha two
metals os mentioned in Ills law law c"u c"o
mean NOTHING less than n maintenance
of such nariiv in tLo os,;n,at;on ond
confidence of Tho neonle who rsa onr
money in daily transactions Manifest.
iv a maintenonce Of tbis nari,v can oniv
he accomnlished 40 far as II is affected
Inv these treasurv notes and in the esti.
nation of the holders of the same NV
giving sucb holders on their redemntion
In coin either cold or silver which tbev
nrefer n foliows that whi,e in terms
the law leaves the choice of coin ~ he
maid on snch redemntion to the d;scre.
ton of the SECRETARY Of the Treasure
the exercise Of tbis discretion IL onnosed
m The demands of the holder ia ept;relv
inconsistent with the elective beneficial
maintenance of nar;tv he,weon tha
two metals If both goId and silver are %
TO serve us as money, and IL tbcv to. ~
pether are to supply TO our peonle a
safe. stable currency. the necessity oi
nreservinv this narity ia obvions Such
necessity has been Teneatedly concedeJ
in the niatforms oi both noIiticaI nart;os
and in our federal statutes. II is now now
here mora communicable recocniyed thom
in the recent law which renealed the
provision under which The bullion now