Year: 1878

OF fluctuations OF values ana tnat thlS Woulu nave
an indirect effect for GOOD. He said he believed that
the demand for silver at the Custom House Will
alone cause rise in the price of the metal and the
fact that god has lew legal and financial COM
petitor will correspondingly depress the value OF
that metal.


While several new silver bills are now before his
committee for consideration. Judge Buckner said
he beloved the bill adopted finally will be one to
put silver bullion upOn the same footing as gold
bullion, AMI ermit the issue of silver bullion certh
Gates, hut only for the actual amount of the depos
it's and not, in the Of gold certificates, for
% per cent the amount of deposits. Such
measure would obvatc the Objectionable features oil
the free coinage system he said and would pass both
House and Senate. He was of the opinion that after
the passage of this bill even the small coinage OF
silver now admissible, which Is however up 10 the
full capacity of the mlnts Will III the c0urse oi hfee
four months time bring the price OF silver ab1ye
that Of gold, ard this too, with the postp0nemeni
of resumption for few years lie SAID he beheVed
that the anti-resumption bill Will Yet oecOme law,
and VIII work gradual but sure and permanent
relief to the business and industries OF the country.
The Judge was firmly convinced. moreover, that
The reone zation of silver here will he very short
ly followed by its RECOMMENDATION III Germany, which
will still further enhance its value as circulating
medium.


COMMENTS BY REPRESENTATIVES,.


General Garfield said he thought the message a
good one and lie was very glad the Presi-
dent had vetoed tho bill. The President also
did well in his opinion to cOniine his
objections to the effect which the passage
of the bill VIII have upon the public
and private credit of the country. That was his
strongest point. he sad and 1t was well presented
General Garfield remarked upon the strange uso OF
the word veto" in this country. The word does
pot occur in the Constitution or the laws, he sald'
and the power does not exist in fact iu this country


chr Ibn
not the power TO forbid " the passage of an act'
but only to require Congress 10 reconsider the
matter.


Mr. Blair. of New-Hampshire, said the message
was good one. althoug the President might have
gone further and presented some of the other strong
points against the passage of the bill. There is, he
sand. much loose thought the subject in the
country and the President might have done some
thing TO clear this up.


General J. u. Cox and Mr. Monroe, of Ohio. were
much displcased with the veto message, and es-
pecally with those passages of it in which the
President sought to show that the Silver Bill was
dishonest measure. That attempt places theln they
think. in a false light before the people.


Other Ohio Representatives said that this veto
smashed mp the Republican party. ., .r,.
message is trst-ratc. 1t makes President HAYES
stronger than he has ever been before. The
Triumph Of local sclf-govHnncnt in Louisiana and



glory for one Administration"


SENATORIAL OPINIONS


Senator Randolph sTd he liked the message-it
was straightforward and manly.


An Eastern Democratic Senator said he had never
felt so much Inundated as he had been By the work
of Congress to-day.


Senator Allison who has managed the Silver Bill
in the Senate and who has done his work
with such wonderful tact and success rs
to deserve the thanks Of the advocates
Of the bill was greatly delighted with its
triumphant passage over the Presidents veto He
re1nlrked that he had never seen such determine
ton on the part OF the friends of any measure
since he had been member of Congress. He said
that this was true Of both Houses, and
he thought it clear indication the the peo-
rle are in full accord with their representatives
This subject He called attention 10 the fact that
even the opponents of the Silver Bill were not
demonstrativelv hostile TO it. II they had been
they night have delayed final action in the Senate
uron the Presidents veto for several days by de-
batting it. For the message itself Senator Allison
had little TO say. He called il weak production at
best and said that all the points in IT were old.


Senator ingalls, spoke Of the message o. poor
rebash of what had been heard a th0usand times;
and he added that the whole paper was IN shock
ingly bad English.


Senator Window spoke Of the message in terms
of onpreciation. He said that the points of it
were well and strongly stated from the Presidents
pont of view, but that it contained moth
inc new. He admitted that it would have
been more respectful on the part of the
Senate 10 have laid the message over day "a is
customary; and had such q motion been made he
would have voted for 1t. Still this was not point
about which lie felt very badly. On the whole, be
thought the " honOrs were easy" 1t was quite as
lisrespectful for the President to veto bill after
il had passed both Houses by more than a
two-thirls vote. as for the Senate and House OF
REPRESENTATIVES to pass the bill over the veto with
ont giving time for the message to be printed.
Indeed, he thought that the position of Congress
was on the whole, stronger than that Of the Pre,i-
dent because the latter had urged constitutional
objection to the bill.


Senator Mitchell said he was wholly satisfied with
the message. II was not too long and 1t was unpre-
tentious In his opinion it would satisfy the oppo-
nents of the Silver Bill, and lie believed the time
would come when the message would be better ap
preciated than now. Senator Mitchell was in favor
of passing silver BILL providing the proposed dol
lar should contain bullion enOugh.


THE MESSAGE KEENLY CRITICISED.


Senator Wallace failed to find anything new in
tbe Presidents veto message and said that il re-
Iashes the arguments of the opponents of the meas
ure and adds nothing TO the strength OF that side.
The assertion of the President that some one had
said when the bonds were being sold, that the bonds
were payable in gold, is i'll Senator Wallaces opin-
ion, an alarming one TO find in State paper,
in view Of the fact that the language both
of the law and the bond expressly sets forth dit
ferent fact. The message did not seem to him cor
rect in asserting that S225000,0O0 OF bonds Were
sold for gold. He would like to know where
the gold is. He had supposed the bonds were
exchanged for other bonds. Senator Wallace found
nothing striking either in the arguments or the