The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1894-03-29
CONSIDERED.
The Presldent D1avs Opinions IRON ffis
6ecretarles-A MaJeei4y Of the Cabinet
Arc Opposed to Silica

6ecretarles-A MaJee4sy OF tse Cabinea
Arc Opposed to stisca
WASHINGTON, March 9A-For che sec
ond time since it's passage by the SEN
ate the silver ssigniorrgs bill was con-
sidercd at the meeting OF tho cabine,
Friday. 1t is stated upon high author
ity that rough draft Of the message
vetoing the bill waa read at tho ca6i-
net meeting By the president, but this
information was accompanied with q
statement that it vss submitted mere
~ as text to draw out expressions OF
opinion.
1t is understood that II the president
vetoes the seign;orage bill, as he Is now
almost universally expected 70 do, his
message will reiterate Ia brief we'll
known arguments agalns, the coming
Of the seigniorage. moat OF which hava
already been expressed by Senator
Sherman and Senator Villas. This por
ton Of his message, it is assumed, will
discuss the unreal charsc ter Of the al
legged gain in the government in the
difference between the bullion value
when coined Of silver stored In the
treasury vaults,
1t is also believed that the president
will confne himself 20 this branch OF
tho subject lie is expected by those
who know The workings Of his mind II
he vetocs the bill to 60 further, and to
make some effort to explain to the
friends Of silver his attitude toward
that metal The president is said to
realize the growing political import
anee of the silver interest and to be
convinced Of the necessity Of ooncilia-
ton
Just what form this effort will take
Is not known outside OF the presidents
private Office. He may argue that his
veto will prove more Of benefit to sill
yer than n injury, because it will pre-
vent, in his opinion, further deprecia-
ton in the value of that metal
The pressure being exerted upon the
president to get him to sign the bill is
tremendous lie is naturally anxious
to plense those senators and representa-.
tives now in favor of silver who stood
by him for the repeal Of the purchase
clause Of the Sherman act, and at the
same time he can see the political ad-
vnntages which might accrue from his
approval Of tho bill, but his judgment
and inclination are against the Hgisln-
ton proposed. In this position it is
said he has the support of al the men,
beers Of the cabinet except Noke Smith.
While Mr. Carlisle is thus counted
among those Of the presidents advisors
who are In favor of a veto, it is known
that calculations have been made at
the treasury department as to what eff
feet would be produced by The demon.
stration against the gold reserve pend
ing the presidents final action and by
the sale Of bonds in the opon market
at price lower than that fixed rs q
standard by the recent bond sale. The
fact that the secretary has already dis
cussed the probability OF such course
on the par: of those who desire veto
does not indicate that he is OF the same
mind as q majority of the members OF
the cabinet are alleged to be.
With a full week ahead OF him In
which to mako up his mind it is not
likely that the president will net hasti-
ly. The pressure for veto comes
from about every influential source,
including all branches OF business,
while the approval Of the bill is de-
manded on almost purely political