The latest intelligence from the United States shows that the
Bill making silver legal tender in all cases secures increasing support. The House of Representatives has passed it by a two- thirds majority, and by the latest calculations the Senate will pass it by a majority within two at furthest of the requisite two-thirds. Rumours are spreading also that the President will give way, and by retaining the Bill for ten days, suffer it to become law in spite of his veto. This rumour, however, is probably spread to keep the opponents of the Bill in their places, as if they thought the President determined, they might leave him to veto the Bill, and only support him afterwards. Mr. Hayes is so determined a man, and so deeply pledgedoto "hard money," that he is unlikely to forego his privilege of veto, unless, indeed, Senator Cameron's compromise is accepted, and the dollar brought up to the eagle by an increase in the weight of silver in the coin. We adhere to our belief that the evil to result from this Bill is exaggerated, as the law itself will rapidly raise the value of silver ; but the capi- talists of the East are evidently seriously alarmed, and insist on making all contracts in gold. Under the Constitution, no law can be passed impairing the obligation of a contract.
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