New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-03-26
HOPING FOR 4 VETO.

II Is gratifying to find that among those VINO
have hest opportrnty TO know the Presidents
mind the opiniOn grows stronger every day mat
tho Vocuum bill is 10 be vetoed Representa-
tive Bland has cleared away one prctchcc Oh
which II WAS hopcd the President might be IN
Nucnccd 10 favor the bill, namely. that its pas
sage would terminate silver agitation. MT.
Rland declares that he intends To offer ana pass
q free coinage bill in any event and that the
silver men consider the Vacuum bill as no real
Satisfaction for them. This is precisely wlat
The Tribune has repeatedly stated. for mat
measure would not take Il single ounce from
the markets or the mines for monetary use, ana
co would not tend in the remofcSt degree To III
crease the demand for silver or TO support us
nrce But it would involve grave risk tlat all
the silver paper in circulation might be de-
nreciotcd and for commercial or banking SET
Elements discarded. which would be ahy'h'hS
but a help to the silver interest.
If tbc agitation is not to be stopped. WHAT
GOOD will If do to set the minis AT WORK on the
bullion now in the Treasury? II is nonsense 10
sunnosc that their occupation i'll coming s'ahu-
ard dollars would be in any respect Il barrier
IN the enactment of Il law requiring 'lat III
tho silver offered for coinage should be mlhtcd
FIRST Congress- could even provide for the e'-
tah,ishment of half a dozen more minis II II
,,oosed If the business of the country Is to
become dependent upon the supply OF siiVor
coins II would be the part OF prudence to pro-
vide promptly for the coinage OF standard
dollars 70 take the place Of the gold which
would be driven abroad. The President Is per
foo,,v auaro that his Veto and nothing less,
will stop this foolshness, ana he HAY just d.
| we'll interpose ii now as later.
In fact, all the reasons or preteXts lor uie
| Vacuum bill have gone out Of sight, except Inc
one that it would help the Democratic party III
| some districts Secretary Carlisle was sald 10
| desire the bill because it would avoid the ne'7l
Of borrowing more money in the future. But
later and more crcditablc accounts are that he
has realized how the measure would impair the
public credit and for that reason is anxious not
| IN have II become law. In truth. the Govern
| mont woull receive very little gold, if any; III
! March Tins far il has taken in for customs nj
| NcwYork only i per cent gold and gold ccrtii-
cafes against ca per cent in September last
II would have TO pay out gold for interest on
| bonds. and for expenditures in foreign co'lii-
| trios and also i'm redemption of all legal tender
or Treasury notes offered. IL it fails II CON
fesses bankruptcy, gold goes TO premium at
| onca and the chances Of borrowing money cease
|
| to be worth considering.
The Democratic party would be hurt inllhi'cN
more by failure TO maintain gold payments than
| by anv defeat conceivable. When party goes
| down under unncritcd ccnsurc, as the RepuD-
! llcan did in 1890 and 1892, 1t Is likely To pc
come stronger than ever when the people re-
cover their senses But when the people find
| that the party ntr1Istcd with power ana re-
sponsibility has disgraccd and bankrupted the
Government, they are likely not to trust IT again
! for q generation. There could be no stralSlt"r
nor surcr road to Republican supremacy Tor
may years to come than that which President
! Cleveland would throw open If he should yleld
| to the nflationists. But Republican worth
! the name cares for his party only because II
promotes the welfare of his country, and does
| NOT desire National dishOnOr or calamity, even
though it might make his party the only one
having n chance Of success. II has been the
belief of many Republicans that on financial
questions President Cleveland could be trusted
TO protect the welfare and the honor or the
| Nation and in this instance the path OF duty
for him is also plainly the only path by which
! his party can be rescued from lasting disgrace.
Republicans would not be worthy Of their prin-
ciples if they did not sincerely hope that the
| President will serve the country with honor.