Year: 1874

NO FouSpATIoN FOR THE REPORT THAT HE HAS


PROMISED TO SIGN THE NEW INFIAT1oN BILL


HE THINKS CONGRESS OUGHT TO CONSIDER THE


CURRENCY QUESTION WITH MORE DEIIDERAIloN


THE PRESIDENTS OWN STATEMENT OF HIS


REASONS FOR WRITING AND PUBLISHING HIS


FINANCIAL NEUTRALITY-SUSPICIOUS. CoNKI4NG


UNHAPPY.


lBr TELEGRAPH TO THE rRIBUSEI


WASHINGTON June 11.-Some of the intiationlsts
who have had recent interviews with the President
have intimated that he intended TO sign the Con-
ference Committees bin should it pass both houses


Gen Grant told frlend to-day that such reports
xxere utterly without foundation. A great many
Senators and Representatives had called upon him
since that bill reported he said and he had con-
versed with them freely on the financial ques-
tons. but he said nothing TO anybody
which could be fairly construed as
promise to sign the pending bill. He had In all cases
expressed his opinions, not with view OF urging
them upon Congress- since he had no desire TO take
auy action on this question until bill was formally
before him, but simply because his opinions had
been asked. The gentleman came away from the
White House feeling very positive that the Presl-
dent would not only refuse TO sign this BILL but also
anv other financial bill that may be passed this ses-
sion.


The President. indeed. remarked that he didnt
think Congress had given the subject sufficient
consideration TO enable II TO perfect wise measure
Congress had met just after the panic and before
she people had recovered from the depressing lnf-
snces of the late financial disasters. This caused an
immediate attempt TO devise some measure OF relief
The majority came TO the conclusion that abun-
dance of paper money was the needed panacea de
thought it would bring untold disasters. He be-
heves from reports he gets from all parts
of the country that the effects OF
the panic are passing away, and that the
continued stagDatiou of business is due to the lnde
cision of Congress. and the danger that business
men bave seen of a paper money imitation. Inc
President therefore concludes that the wiser course
viii be 10 postpone action this subject until next
Winter. In the mean time, Senators and Represent
atives will have opportunity TO consult with ther
constituents and examine the subject more care
fully while the people speak through the
ballot-box. Next session, the President thinks,
better bill can be perfected than now.


So much has been said in regard TO the circum-
stances under which the Presidents late memoran-
DUN was prepared and gwen to the public that the
Presidents own statement ID regard 10 il Will be
interesting. He says that early in the session, be-
fore the passage of the first Senate bill by the
Finance Committee, he called upon by
At least 40 Senators and representatives,
who asked him for his opinions on the
currency question, and IN order that there
might be no mistake about what he Thought ne con-
cuded 10 put his ideas writing, and did II one day
after finishing bis official duties. The next day,
when the usual number of members of Congress
called 20 talk with him financial topics he showed
them this paper 1t was not, therefore true, be said
that the memorandum was written within
few days Of its publication, or at the
suggestion Of Senator Jones. 1t was seen by great
namber of members before the passage of the Cur
repcy biI that was vetoed. As the debate IN the
Senate dragged IT'S slow length along, the President
thought OF sending a message to Congress oased
upon the ideas he had written down on TINS paper
but II was postponed from time TO time and hnaily
the passage of the first bill made 1t unnecessary
In writing his veto message he had no
occasion 70 set forth his plan IN ecteaso but SIMPLY
10 state his objections. Daring the session OF the
Conference Committee the President was again re-
featelv called upon for statement of his position,
and he again produced the paper he had before
shown The copy was given TO Senator Jones at MS
own request. The President always considered IL
priyate paper until he had the copy made for Mt
Jones and never originally intended 1t for pubhca-
ton.


The only man in the Honest Currency party VINO
Is displeased at the publication of the Presidents
views is M COnkling, and the cause Of his dssatls
faction is said 70 be thar the President did not use
him as the medium OF communication.


TJIF NEW TNFr ALTON BILL IN THE SENATE.