The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-06-29
Congress-The st. Domingo Trcaty-1hc
Tax and Currency Bills.


Tax and Currency Bills.
the Senate yesterday went into executive
session on the st. Domingo treaty; but Mr..
Shermans strong appeal to take up the Tax
bill in open session prevailed, and the treaty
was not acted upon. The time for exchanging
Publications has already been extended twice,
and the subject has been before the public and
the Senate for longer time than the Tax bill,
which could much better afford to walt. The
action of the Senate does not indicate any
adverse disposition towards the treaty, but
it is likely to lead to strong doubts
Of its ever being ratified. These are
worse than an open rejection, as can be seen
in the case of st. Thomas, where the whole
people of that island and of Denmark were
insulted by the neglect of the Senate to take
any action whatever on the treaty of cession.
This occurred when the President and Senate
were at enmity, and may have resulted partly
from that cause but certainly if q republican
Senate rejects treaty negotiated by its own
republican President 1t is time we hit upon
some new mode of making treaties with foreign
Powers.
When the Tax bill was finally consid-
cred the House clause reducing duties
on sugar, pepper, spices, wines, brandy
and champagne and cotton manufac-
lures was stricken out, leaving the rates as
they are at present Some debate ensued on
the House proposition to reduce the coal tariff,
in the midst of which the Senate adjourned
The legislation on the tax and tariff SO far
clearly indicates that the Senate is opposed to
the well defined sense Of the House for low
duties even on the necessities of life, and q
committee of conference is therefore likely to
be demanded.
The main business in the House was the dis
cussion of the Sundry Civil Appropriation
bill, the items discussed being mainly private
and personal donations. The bill was passed.
1t is the last of the appropriation bills in the
House, Not one of them has yet been def
nitely accepted in the Senate. The report of
the Conference Committee on Mr.. Gar
fields Currency bill came up and was
generally discussed, variety of opinions
seeming to prevail among members as to
whether it meant contraction or expansion.
1t really means both. 1t means the expansion
of our worst kind of currency, national bank
notes, and contraction of our best, green
backs Fortunately, the hot weather was too
much for the House, and an adjournment was
taken without any definite action on the report.
The Abdication Of Queen IsabeiIa-What Is
to Come Of lite
Our Spanish news is interesting, from the
fact that Queen Isabella has actually resigned.
That she intended to resign has long been
known to us. But how or in whose favor the
resignation was to take place were questions
which were somewhat perplexing. The facts
of the case have made an end of the difficulty.
Isabella has resigned in favor of the Prince of
the Asturias. The resignation has taken place
in Paris. 1t has been signed by the exQueen
in favor of her son, in presence of all the
members of the royal family, and in presence
also of men VIII, are in the confidence of the
Emperor Napoleon What gives importance
to the news is the fact that Prim goes to
vichy. All things considered, it does seem as
if the Spanish throne question was settled
For what has Queen Isabella abdicated? Not
for nothing. She has abdicated to save her.
self and her family. Montpensier is her big
gest enemy, and of all the candidates he is
the man whom the Emperor Napoleon least
likes. The abdication of the Queen makes the
future plain. The Prince of the Asturias is
young man, not yet thirteen years Of age.
His mothers sins are not to be laid to his
door. Himself King by common consent
will make the revolution a fact and
save Napoleon the Third from trouble.
| Prim has said that three months
will reveal the future King of Spain. We are
no longer in doubt as to the man who will
occupy the Spanish throne. 1t will not be
Montpensier. 1t will not be prince of Portu-
gal or of Italy. It will not be Don Carlos. In
a sentence we say it, and what we say is,
| Napoleon is in favor of the Prince of the
| Asturias. No other candidate SO well fits into
the peculiar circumstances and requirements
of the hour. The young King must recognize
the men who made him. Napoleon will be
his friend, Spain will be satisfied, and the
man who made the revolution will have no
| good ground of complaint. Since Spain cannot
become as yet republic, and since an Iberian
kingdom is not yet in general favor, boy king,
and he the Prince of the Asturias is about
the best arrangement possible. With the son
of Isabella on the Spanish throne Napoleon
remains the chief of the Latin races. As
things now are we cannot say Spain can do
better.
CENTRAL AMERICAN NEws-THE PANAMA
FIRE.-Our correspondents advices from
Panama and extracts from the papers pub
lished there put US in possession of the par
ticulars of the late disastrous fire which
nearly destroyed the city Of Panama. These
/ IL IL A6on Aofk linn Z.