Daily public ledger. [volume] (Maysville, Ky.) 1892-191?, 1894-03-24
CONSIDERED.
The President Draws Opinions
From His Secretaries.
A Majority of the Cabinet Are Op'
posed to Silver.
The Pressure Exerted TO Have the Pres'-
dent sign the seigniorogs Bin Tremen-
dous Secretary smith Favors IL and
Carlisle Seems IucIined That Way.

WAsmNoroN, March "a For the Sec
ond time since its passage by the som
ate the silver seigniorage bill was con-
sidered at the meeting OF the CABINET
Friday. It is stated upon high author
ity that a rough draft Of the message
vetoing the bill was read at the cabi-
net meeting by the president, but TINS
information was accompanied with
statement that il was submitted mere
ly as text to draw out expressions OF
opinion.
1t is understood that II the president
vetoes the seigniorage bill, as he is now
almost universally expected to do, his
message will rciterate 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,
It is also believed that the president
will confne himself to this branch of
the subject. He is expected by those
who know the workings of his mind II
he vctoes 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
ance of the silver interest and to be
convinced of the necessity Of concilia-
tion.
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 an injury, because it will pre-
vent, in his opinion, further deprccia-
ton in the value of that metal.
The pressure being exerted 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 time he can see the political ad-
vantages which might accrue from his
approval of the bill, but his judgment
and inclination are against the legisla'
ton proposed. In this position II is
said he has the support of all the mem
bers of the cabinet except Hoke Smith.
| While Mr.. Carlisle is thus counted
among those of the presidents advisor:
who are in favor of n veto, il is known
that calculations have been made a
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 open market
at a price lower than that fixed as {
standard by the recent bond sale. The
fact that the secretary has already dis
cussed the probability of such a course
on the part of those who desire veto
does not indicate that he is of the same
mind as n majority of the members o.
the cabinet are alleged to be.
With full week ahead of him ii
which to make up his mind it is MOI
likely that the president will act hasti
". 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 politica
| grounds