News of the Week from Washington and abroad
Washington reports include Treasury figures on the public debt and currency, deficits and coinage, plus the Supplemental Funding bill amendments. Headlines cover monetary policy, the Senate and House actions, and international matters from Paris talks to the Boer war. Local stories note fires, strikes, and incidents across New York, Baltimore, and Chicago.
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Inauguration Day Amid Storm and Ceremony in Washington
The March snowstorm and rain dampened the public display for President Garfield's inauguration. Ceremonial events proceeded with the Senate, Diplomatic Corps, and crowd as Garfied took the oath and delivered a lengthy address on the Union, emancipation, finance, and national progress.
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Hayes Vetoes Funding Bill Citing Banking System Risks
President Hayes vetoes the funding bill, arguing it would endanger the National Banking system and reverse banking reforms. He urges a separate bill for debt refunding, warning that the banking provisions could undermine currency stability and bank capital, with broad economic harm.
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Political points on sector of Philadelphia and Hayes row
A chorus of letters and opinions from newspapers attacks Don Cameron and exposes tensions in Pennsylvania politics. Critics accuse Rutherford B. Hayes of perjury and delaying wages, while praise is given to Senator Thormay and Beecher’s metaphorical parallels.
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Garfield’s path to national unity and Southern policy
The St. Louis Republican argues that Garfield can unify the nation by leaving the South to manage its affairs within the Constitution. It says stalwart pressure fails to overturn Southern policy and that Garfield’s approach aligns with public will, avoiding federal meddling while pursuing a permanent settlement.
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