New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-03-09
WASHINGTON.

REJOICINGs OVER THE DECLINE IN GOLD-fho-
POSED RESUMPTION OF SPECIE PAYMENTS
BY LEADING BANKs-PROBABLE DEFEAT OF
THE INITIATION sCHEMR-AMoUNT OF GOLD
IN THE TREASURY THE GEORGIA BILL
PASSED IN THE NEUTRALITY-SUSPICIOUS. IN
PRINTING-THE POSTAL TELEGRAPH
lBY TELEGRAPH TO THE TRIBUSBl
WASHINGTON, Tuesday, March g. 1870.
The steady decline in the premium on gold
causes great rejoicing here and already the question Of
speedy resumption OF specie payments talked OF by
Congressman generally. Numerous members have been
calling the President and Secretary Boutwell,, en-
deavorlng learn their and urging upon them
their what the best plan TO pursue In the
premises Secretary Boutwell,. however, seems to give
little satisfaction as to his Intentions and only talks
about our finances in general way, fearing that the
premature publication OF his views might aid SPECTATORS
and produce no good result. The resolutions
OF Senators Williams and Fowler, offered in
the Senate to-day give key note as TO the
feeling in Congress the question OF resumption Mr.
wamss resolution provides that duties on imports be
payable half In greenbacks and half in coin. Mr. fow'
er resolution provides for the immediate sale OF all the
surplus gold In the Treasury. Both resolutions were
sent to tho Finance Committee, and will receive I'M
mediate attention. Letters have been received here
from gentlemen connected with some OF the lar4'
est banks in the country, indicating their VIKING
ness to specie payments at once, PROVIDED
the Government take the initiative. They do not pro-
Let this be agreed by the banks and specie re-
SUMPTION they assert, can be easily accomplished.
The Banking and Currency Committee today decided
20 report bill in accordance with the instruction OF the
House. increase the volume OF currency sOOOOo ana
to said in greenbacks instead OF National
bank is understood that the reason why 1t was
decided have the increase greenbacks rather than in
National bank notes that clear majority OF the
Committee being opposed to imitation, they wished 10
make the bill az Objectionable as possible, and less liable
to passed by the House The Committee with one or
two exceptions are understood to be opposed to the
sure and will vote against 1t when 1t up in the
House for consideration
United States Treasurer Spinner to-day reported to
Secretary Boutwell, that there hand in the Treas
ury and subTeasury In coin and oOOo in
currency very large fog this early period IN the
MONTH
The proceedngin the Senate to-day were OF more than
ordinary interest with Senator Mortons report on Cuba,
the resolutions OF Messrs. Williams and Fowler looking
immediate resumption of specie payments, aud the
funding bill. Some little discussion had on the prop
osition TO joint committee for Indian Affairs
It's particular merit does not appear, unless as Mt Ed
munds remarked that with Joint Committee the peoples
money can be spent much The Funding bill was Ia
ken after the morning hour when Mr. Sherman caused
letters TO be read from Secretary Boutwell, which he fol-
lowed up by argument in favor Of establishing foreign
agencies to pay the interest the debt aud TO allow
per cent OF the whole pay the expenses Of the
negotiations. When Mr.. Sherman sat down. several
Senators rose simultaneously, but the Yce-Presideni
recognized Garret Davis probably for the that
as the dose he had TO give had TO be taken at some time
1t was better 10 take IL at once. The ven
cradle Kentuckan first sent up to the desk
long list Of instructions to the Committee,
and then proceeded to deliver himself He talked upon
almost every subject under heaven, and finally wound
up with hours dsquisltion upon McClean's PENN
aula nd n about
that lost that great and glorious" State
and for which the Governments did not pay This last
grievance excited him much that he became hOarse
and broke down. The Senate then, no doubt wishing
little leisure to digest Carrots few remarks, allowed
the finances 30 for the day. and went into Execu
tive session.
In the House today the bin to admit Georgia occupied
most the days session. Gen. Butler closed the debate
In defense Of BILL and in reply to the opposition Of
Mr. Bingham The Bingham amendment adopted
by the aid OF the Democrats, and the bill passed by
q strict party vote The amendment declares that
tho bill shall not vacato any u the offices now
filed In the State, either by election appoint
ment and shall not extend the official tenure
Of any officer OF the State beyond the term limited
by the State Constitution dating from the election or a
poinmen Of such officer nor TO deprive the people OF
Georgia the right under their Constitution elect
and Representatives Of the State in $780, either
the day named in the Constitution, such other day
makes new election for State officers, and the
Legislature. next Fall. necessarily and practically
disposes Of Foster Blodgett by deciding that the
present Legislature has not the right to elect United
States for the beginning in 1871 II is very
doubtful the Senate will agree 10 the bill as 1t passed
the House. The desire, however, to have issued the
proclamation OF the ratification OF the Fifteenth Amend
ment is so great that both Georgia and Texas will be ad
United without delay II the proclamation is issued by
the middle OF the month the colored voters Of COnnect
cut be registered and vote at the Spring election in
April next.
Mr. Latin introduced in the House, to-day, MS resolu-
ton for reform IN the printing Of the reports Of the
Patent Office and urged the passage Of the same In
strong speech OF hours duration. This resolution II
passed, will from 100000 to $l5OOOO TO the
Government. For unknown reason, Mr.. Cake, Of
the Printing Committee opposed to its passage and Is
doing his utmost to its defeat Ii expected that
q vote will be reached tomorrow.
The Postal Telegraph scheme has been faring badly OF
late Yesterday the House fatty refused to allow Mr.
washburne to eXpend large Of Government money
in investigating the general system OF eiegraphnG and
to-day Senator Conkng presented to the Senate memo
rial from the New-York Chamber OF Commerce setting
forth the folly Of the Government going into the tele-
graphing business and asking that no Postal Telegraph
bill be passed On presenting the petition Mr.. Conking
said he entirely opposed to the Governments inter
fering with the telegraph
The old contest over the Nashville Postoce was set
tied to-day by three hours contest in Executive ses
sion and Senator Fowler the fight Mr.. Embry.
the incumbent Ia the fathernlaw OF Senator Fowler,
whom the latter desires to retain in Office The Presi-
don't nominated Mr. Hopkins several months ago,
and there have been many decisions In the
Senate as TO who should control the Office. The
pressure In favor Of Mr. Hopknss confirmation has been
immense, aud the question arose as to whether Mr.
Fowler should control the Office in opposition 70 the
whole Tennessee delegation. merely because he resided