The Bottineau pioneer. (Bottineau, N.D.) 1885-1895, 1894-04-07
BLAND BILL VETOED
u,,r sE1GN1ORAGE MEASURE Is
I.ocSDD OUT BY THE PRESIDENT
Cleveland Says the Bill Is Loose
Wy ,y Drawn snd would Rob Us Of Our
=. A~,xors Coming the Seig-
.,.r,.e Under Restrictions.

v,sh;,gton. March 3O.-The president
u'4 Tho house Of representatives the
sen. vetoing the Bland sllve; bill.
1850. rasns his veto on the ground that the
nv ~ ,ooso,v drawn and would rob us of
VII 81 liz SAWS he believes the coin
mo of the bullion selgniorase nlisn: oe
s,felv and a~dvantaGeously ooue piotiueo
o,thor;ty were given the secretary VI 'ne
troasury to issue the bonds at a 10" rate
of interest. He expresses Il hope iof d
Commemorative adjustment OF our none
tenr offo;rs in a short time in a way to
sacord to silver it's proper place III our
n,rroncv. The message says:
ct roturn without my approVai mouse
,u 1896, entitled An act di-
n on : tho coinage of the silver bullion
heIa ;n tho treasury, and for other pur-
noses NV strong desire to AVOID disa.
pooonont with those in both houses OF
oncross who have supported tn's oni
would lead me to approve 1t IL couid
hel;ave that the public good wouid not De
.horohv endangered, and that such actlon
an nv mart would be a proper dlscharge
of oa;c;ol dutv. ILasmuch, however, as
7 nm Unable TO satisfy myself that the
1rorosed legislation is ether WISE W
fortune, my conception OF tue oo,'s"''ons
and responsibilities attached TO tl'e sreae
naice I hold forbids the Indulgence OF
my nersonal desire, and lneAorauaS c"n,
fines me to that course Whlcn Is ofc.a,eu
hv my reason and judgment ana pointed
ont nv q sincere purpose to protect anu
nromote the general interests OF the peo-
Mo We have now outstanding more
than S3GS. OOO, 600 in silver certificates IS
s,,od Under existing laws. They are serv-
mo tho nurpose of money usetuiiy and
without question. Our gold reserve,
omounting to only a little more h
s1OO 600 1000. is directly charged with the
rademption of S346,0OO,OOO of United
States notes. When it is proposed to IN
fate our silver currency it is a time 1or
st1e ngthening our gold reserve instead OF
depleting it. l cannot conceive OF a long
or stem toward monometalism h We
take when we spend our gold to buy silver
r. 1ifcates for circulation, ard especially
in view of the practical difficulties sur
rounding the replenishment of our gold
This leads Inc to earnestly present the
desirability of granting to the secretary
Of the treasury q better power than now
exists TO issue OOIuS W pioleS1 o"A eoAU
reserve when for any reason it should be
necessary. Our currency is in such a
confused condition and our financial at
fairs are apt to assume at n time SO
critical a position that it seems to me
such a course is dictated by ordinary
prudence. l am not insensible to the ar
guments in favor of coming the bullion
seigniolage now in the treasury, and L
believe it could be done safely and with
advantage if the secretary of the treas
ury had the power to issue bonds ut a
low rate of interest under authority, in
substitution of that now existing. and bet
ter suited to the protection of the treas
ury. l hope a way will present itself in
the near future for the adjustment of our
monetary affairs in such a comprehensive
and conservative manner as will afford
to silver its proper place in our currency,
but in the meantime ! am extremely so
licitous that whatever action we take
on this subject may be such as to pre-
vent loss and encouragement to our peo-
pie at home, and the destruction of con-
fdence in our financial management
abroad"