The Coconino weekly sun., 1894-08-09
THE SHERMAN LAW.
What Effect CleveIand's Veto Has Had
 Upon the Country.

Upon the Country.
 On March 29, 1894, President Cleve- land returned this bill to the house Of representatives with his reason for veto- ing it. In his message, he says:
 ''The financial disturbance which swept over the country during the past year was anpdrdt- teled in it's severity and disastrous conse- quences. There seemed to be almost an entire displacement of faith in our financial ability and loss of confidence in our fiscal policy. Among those who attempted to assign causes for our distress 1t was very generally conceded that the operation of D provision of lae0 then in force which required the government 10 pur- chase monthly large amount of Siloer 6u!ii0n and issue its notes in payment therefor, aoas either entirety, or Co large ertent, responsible for our condition This led to the repeal, on the first day of November, 1898, of this Statuto- ry provision"
 There is no doubt of the severity of the financial disturbance. We are all well posted on this topic, most of us by bitter experience. Was it caused by the Sherman law? Let us sec This bad" law was repealed last No vember. Has there been any improve ment up to the present date? Is it not true that the situation has grown more and more acute all through the winter, and that it continues unabated up to date? We have stepped out from under the "baleful influence" of the sherman law, but we are still in the shadow of the impending Wilson bill. There is no hope for many industries; others will only exist because of democratic pull to cause notifications in the senate. There can be no inn provement except in the increase of financial funerals. But he says:
 "Our recovery has, nevertheless, steadily pro- greSsed, and though less than five months have elapsed since the repeal of the mischievous silver purchase requirement, q wholesale i'm provement is unmistakably apparent. Conh- dence in our absolute solvcncy is to such an extent rei2Stated end faith ia c-r disposition to adhere to sound financial methods is so far restored as to produce the most encouraging results both at home and abroad. The wheels of domestic industry have been slowly set in motion and the tide of foreign investment has again started in our direction"
 It must be a close observer who has seen any improvement, whether whole sale or retail. Some houses and indus tries have not gone to the wall in this later period, but it was because they had atready got there. They could not fail or close up twice. Once was quite sufficient.
 He says the wheels of domestic" in- dustry have been slowly set in motion. So slowly indeed, that movement is not visible to the naked eye-to an eye unaided by the faith of Grover Cleve- land. Foreign investors have, indeed, purchased, but only of the new issue of bonds. We are fools enough to is sue them and they will buy, even if they do not do it directly.
 He says: ''Our recovery being so we'll under way, nothing should be done to check our couvalescence." These words are cheering and indeed consol- atory to the corpses. They seem to re- buke them for dying, even after all the breath has been kicked out of them. They are informed that they should have died from the Sherman bill; and that, having once expired from that cause, they should have promptly come to life last Novem- Der on it's repeal and now be in a state of exuberant health.
 What President Cleveland needs is commission to advise expiring indus tries as to the particular disease of which they should die, and positively prohibit, even if necessary by vetoes, any such from dying except from off cial and approved causes.