Year: 1874

COMMENTS OF THE WESTERN AND SOUTHERN PRESS


The bill was the first step on down-hlll
course at the bottom Of which lies Dankrpcy natOha
dshonor and possible revolution The President is
titled 10 the thanks the country and he shall receive
ours he has 10 fOrego those Of Morton, Logan
and Cameron-lChicago Tribune und)


1t is safe to say that the best sentiment OF
the country viii warmly approve tins action OF the
President which has been taken IN opposition TO ex-
taordnary pressure from all parts of the country and
against the protests Of VI his Warest friends and
upporters.-tCleveland Leader (Rep9


Had the President sought popularity he
would have signed the BILL for 1t Is our impression tha,
temporarily majority OF the people favor imitation,
but when the effect OF the conservative course adopted
shall become apparent. there w be change ~ tnat
sentiment winch Is at this time on Ine sde OF lhnation
Cincinnati Gazette (Rep)


Who can measure the cost of this act to the
countryi Every business man throughout the Great
West to-day feels that he must contract his business
curts his expenses limit his efforts and prepare to do
a limited business In consequence OF contracted aud
uneastc currency inviting panic and ddsaster-Toledo
Blade tRepJ


1t is perfectly apparent that the President
has been largely controlled by Eastern capitalists IN
in favor OF moderate increase of the currency has
been unable make itself heard over the loud and Inn
perOus protests OF the rich mel and money kDgs Oh tue
indianapolis Journal (RepJ


The President of the United States has
again crnged before the money kings. He has once
more shown himself the fawning TOOL 3t wal street m @
White House should thwart the almost unanimous wish
puSlicans against 6s voted in favor of the BILL Grant
has il" made a mistake. - Cincinnati Enquirer DeInJ


President Grant has hitherto done few things
so well calculated to give him honorable distinction
bis veto yesterday OF the Senate Finance bill Qualities
for which IN his military career he had eminence seem
unexpectedly 10 have asserted themselves Their eXer
else so judicously In such important juncture
very opportune. He has come 70 the rescue Of his
counrys honor and to the protection OF credit from
sure disaster at most critical perod-Cincinnau Com
mercial Ind)


But the veto will displease the North West
and West and that Will draw the ties between them and
the South closer. Gen. Grant the Down is
money-changers and stock gamblers, and that is a
grievance 10 the great West IL brghtens the sy mpa-
thes Of that powerful part OF the Union with their
friends m dseomture OF the SOUTH and that we hope
Will be worth far to us than any advantage that
could nave been conferred by tue lkichmond Dis
patch (Dem9


We shall not crticise the abstract soundness
his act No doubts that the country should get
back hard money some time, or that policy or limit
less Initiation would be harmful But the country needs
relief IN way, and the argument OF the business
community has been this that II the hard money mon
cannot devise some tangible pan TO produce ~ then
they must seek il in fresh Issue Of currency-Cleve-
land Paiu Dealer (Dem9


As il is, the West, which is apparently very
largely for inaton rnt wrong, VIII be angered into
frenzy and a most unfortunate state OF Keeling en-
gendered temporarily between the sections sdch argu
the President puts fortn can hardly be eX-
pected change tho sentiments OF those who upheld
the scheme IntatoD aud Will tend rather 10 eXas
perate than Iaoiy the Disappointed indianapolis
Sentinel Uud)