Year: 1874

greatly change their views npon this subject OF Initiating
an redeemabe Tue West to treat III
subject as though their interests different from
'hose OF tho East whereas the interests OF the two arc
idenueal. SO iDtertwned all commercial rea-
tions that the East long suffer without cor
responding suffering in tho West, and the West cannot
suier without causing trouble in the East. They will
discover this after little reflection, and they Will


see that II banking Is made free and redemption is incl
dent 10 The issue, will be impossible to have too much
currency kept In circulation, and that just so much
VIII now cut is needed for actual use. Tho question


Is oilen asked, how going to get coin when we
hnaIy return to specie paymentsi The answer is that
wo shai get 1t just get all that is needed for
the payment OF dutos Just obtained before the
war'lust as England aud France and Germany get It,
we ourselves being or the greatest producers OF
goid IN tho world there is difficulty In getting
what We need Of gold coin than there IL
OF getting what need OF gold watches.
III Is certain that by legislation we can return to
specie payments much sooner than is generally sup
posed and with other effect increased confidence
and unparalleled prosperity AS for tho political effect,
40 not believe 1t will be very great Immediately.
am satisfied that 1t will strengthen the present Admin
isration and that the supporters OF Gen. Grant who
are now indignant at the veto will not generally desert
him. believe he will be vastly stronger with the Re-
publican party he would have been he had signed
the bill. Had he signed the bill do think tho Re-
publican party could have been kept together.


William NJ. Evarts said that he was In Washington Just
before and at the time OF the veto, when he watched
very carefully the expressions OF public men, and al
though the general feeling at the outset and from
superficial estimate of subject, that the veto
would tend to division in the Republican party, he


should be greatly mistaken and disappointed II it should
not soon be the OF closing that breach which
would have certainly and necessarily divided the
party had the bill become law AT present some Vest
ern men have not this feeling, but their vewsriii be
modified. The which tho veto giv,s that the
direction Of the Government will be oward specie pay


0" noWq'er -osly and slowly it may be, will be
VI S advantage to the country at home and abroad.


Cyrus ". Field said that he was thoroughly pleased
with the veto OF the President He could have done no
other act the effect Of which could compare in impor-
tance with the influence OF this Veto and be had taken
previous step during his administration Of public
affairs for which he deserved much credit The effect
abroad he believed would be favorable Confidence
VT uld be Immediately restored everywhere, and II
vouId 10 generally regarded that the important crisis
was now pa 'ed, and that the United States would re-
deem its pr,,mises. No imitation scheme can
be carried over the Presidents veto. and
1t is doubtful ii similar bill could
pass the Senate again Every DAYS discussion OF the
question has left the nationists weaker than before,
and the people coming to have clear understanding
OF the issues involved Some voted for the measure IN
tho Senate because they supposed the President
favored it, and all probability, having no other reason
for their votes, they would not therefore, cast 1t the
same way again. No Que the West who Is out OF debt
wants initiation. The sound business men, the ablest
NEWSPAPERS, and the intelligent citizens generally arc
opposed TO IT, And well they may be, for the most pros
porous States in the UnOn-Callforna, Oregon, aud
Nevada--to business on specie basis. Every Congress
sional step now regarding the finances should, aud ne
trusted would, De taken toward resumption.