The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1894-03-31
CONSIDERED.
Tho President Draws Opinions From His
Secrctarics-A Majority OF tho Cabinet
Are Opposch to Silver.

Secrctarics-A Majority of tho Cabinet
Are Opposed to silver.
WASHINGTON, March %. For the sec.
ond time since it's passage by the sem
ate the silver scigniorage bill Was con-
sidered at the meeting of the cabinet
Friday. 1t is stated upon high author
ity that rough draft of the message
vetoing the bill was read at the cabi-
net meeting by the president, but this
information was accompanied with a
statement that it was submitted mere
ly as text to draw out expressions Of
opinion.
1t is understood that il the president
vetoes the seigniorage hill, as he is now
almost universally expected to do, his
message will reiteratc in brief we'll
known arguments against the coming
of the seigniorage, most OF which have
already been expressed by Senator
Sherman and Senator Villas. This por-
ton of his message, it is assumed, will
discuss the unreal character of the al
legged gain in the government in the
| difference between the bullion value
when coined of silver stored in the
treasury vaults,
| win confine himself to this branch of
the subject He is expected by those
who know the workings of his mind if
he vctocs the bill to go 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
ancc of the silver interest and to be
convinced OF the necessity of concilia-
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 Il benefit to sill
yer than an injury, because it will pre-
vent, in his opinion, further deprecia-
tion in the value of that metal
The pressure being cXerted upon the
president to get him to sign the bill is
tremendous. He is naturally anxious
to please 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 tine he can see the political adj
vnntag.s which might accrue from his
approval of the bill, but his Judgment
and inclination are against the legisla'
ton proposed. In this position it is
,ai,l lac has the support of all the mem
boi's of the cabinet except Hoke Smith.
While Mr.. Carlisle is thus counted
among those of the presidents advisors
| VINO are in favor of u veto, it is known
tina. calculations have been made nj
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
tie sale of bonds in the open marke'
a. Il price lower than that fixed as ;
standard by the recent bond sale. The
sact that the secretary has already dis
cusse3 the probability of such course
on the part of those who desire a veto
does not indicate that he is of the same
mind as a majority of the members O.
the cabinet are alleged to be.
With Il full week ahead of him il
which to make up his mind it is no
likely that the president will act hasti
ly. Inc pressure for veto come!
from about every influential source
including all branches of business
while the approval of the bill is de
manded on almost purely politica
grounds.