The morning call., 1894-03-30
THE PRESIDENTS REASONS
Defective Grammar the Principal
of Them.
SILVER MEN TURN SARCASTIC
Cleveland Will Be Given an Oppor-
tunity to Veto a Free Coinage
Measure.

WASHINGTON. March Representa-
tive Bland, author of the Bland silver
selgnlorage bill, vetoed to-day, authorized
the following statement concerning the
veto and lis effect upon the future of sill
yer: The main point of the veto is that
the President does not wish TO introduce
Into the currency any more silver uutil he
mas more bonds and a greater gold reserve
lie insists on the continuance of the fight
that has been in progress for the last year
on the one hand by those who wish to in
crease the bonded debt in the interest Of
national banks by selling bonds for gold
and Tor money TO pay the current expendi-
lures OF the Government, and on the other
hand by the representatives of the people
who are opposed to bond issues and in favor ,
Of coming the silver bullion-the assets we
have on hand-and using this money in
the payment of current expenses. The
first section of the bill provides for the
coinage OF the bullion held under the
Sherman act. That act provides that the
bullion shall be coined into standard
silver dollars. The Sherman act is not
repealed, and hence the Presidents obser-
vations that IL is not clear into what kinds
o + coins the bullion shall be struck Is not
la wyer-like, as lawyer would know the
bill is mere supplement to the Sherman
act and leaves the bullion to be coined
under the act. No friend of the bill in the
House or Senate has ever considered it as
wanting in certainty or requiring any
amendments.
These criticisms of the bill itself were
wholly unnecessary on the part of the
President when be gives Congress to un-
derstand that no bill could possibly be
drawn compelling the coinage of the silver
bullion which would meet his approval.
President in sympathy with the pur-
poses of the bill would have signed it..
College professors may criticize its Ian
guage, but man whc sprang from the
people like Abraham Lincoln. and repre-
senting not the money power. but the in
terest of the masses, would have signed
the bill although college professors might
have stigmstized him as a rail-splitter."
Concerning the future of he silyermove-
ment, Mr.. Bland said: 1T is evident that
under the single goldstandard nothing can
be done on the currency question without
consulting the few people who own the
gold of the world. These people have die
tated the veto If this bill. The fight from
now on will be whether the people of this
country shall control the currency by per-
mitting gold and silver to come tn the
mints free, and thus supply themselves
with constitutional money, or whether we
are to be mere slaves of the owners of gold
in Lombard street and Wall street The
day is fast approaching when a peoples
President will sign coinage bill. l in
tend to do everything in my power to pre-
sent TO the President free coinage bill
and let him exercise bis rules of Lindey
Murray on that"
Representative Henderson D) followed
the presentation of the Presidents veto
message by submitting bill for the COIN
age of the silver seigniorage. The text is
the same as the Bland bill, omitting the
second section and some of the explana-
tory language of the first section. 1t
directs the Secretary of the Treasury to
coin as fast as possible the silver segDior-
age into legal tender standard dollars.
The bill was referred to the Coinage Com
mittee.