The New York herald., 1870-06-13
THE NATIONAL BANK RING.
Attempted Coup dEtat-A Failuro-The Secret
Disclosed and conspirators Foiled-Ths
House to Be Treated to Gentle Ca
thartic--The Committee Of
Conference.
WASHINGTON, June 0, 1870.

II was very clear this morning, before the House
was called to order, that the national bank ring
managers were preparing for grand coup d'etat.
&essrs. Garfield and Judd were IN close consultation
Tor short time, and afterwards were hurrying
10 and fro In high state OF excitement. The crush.
ing defeat Of their ninety-hve million dollar addi.
tona subsidy bill yesterday had evidently created
desire tQtry another scheme. II now turns out that
the Garfield bill, No. 1900, and the sham fight over
It yesterday, was rse de guerre. The real pitched
battle came or to-day. The national bank council
ehrew out Its skirmishers yesterday. and to-day
opened upon the taxpayers from its masked bat.
teries.
THE PARTICULARS.
Early In February last, bill 1913, providing for
$46 additional subsidy to the national banks
passed the Senate, went to the House and
was referred to the Committee on Banking
and Currency. On the 10th of the same
month the bill got such showing up by
ne HERALD that 1t was hastily thrust out OF sight,
and did not make its appearance until to-day. The
original plan was to get 1t through the House, with
As few amendments as possible and then let 1t go
to the committee OF conference, where the subsidy
could be increased at pleasure Within the past few
years the powers of these conference committees
have been very much enlarged until they threaten
10 usurp the functions Of both houses OF Congress
The original plan was, however apparently aban.
amendments General Garfield reported a new
bill III. r., 1,900), providing Tor sos 600 900 add
tiona national bank subsidy. All not In the rings
secrets wondered why he reported new bill instead
OF that sent from the Senate, as he former would
necessarily have to take It's chances again in the
ference committee OF five, four Of whom could easily
be supplied from the rlng's friends.
THE SECRET DISCLOSED AND CONsPIRATORS FOILED.
Yesterday General Garield's House bill 1,00O
winch was understood by all outsiders to be offered
An lieu OF Senate b s7S, was put upon Its passage,
supposed to be ended; but to-day General Garfield
attempted again to get the job through by reporting
che Senate DILL as amended for passage without an
instant notice. Every one supposed that the defeated
bl OF yesterday was offered In lieu OF the Senate
pll ana the whole subject was understood to have
HThe bill Of yesterday was regularly considered In
committee at the committee room and ordered to be
reported to the House. The bill OF to-day was con.
sidered at bogus committee meeting held on the
moor OF the House during period OF confusion when
only portion OF the members had been notified and
only few were present. 1t adds not
% the taxpayers' burden, and is in every very
Garfield and Judd sought to rush IL through the
House under the gag rule; and would nave succeeded
Randall, OF Pennsylvania, Who by a skiIful paria-
mentary manGuyre got in motion to adjourn, In
spite Of General Gardelds efforts TO prevent it, which
ultimately threw the job over TO next Tuesday morn
ing, ana gave the peoples representatives little
time TO prepare for the contest with the mni0ns OF
The national banks.
Mr.. Randall deserves great credit for his patriotic
nrmness IN to-day's contest lie was at one time
surrounded by not less than half dozen national
bank representatives, who besought him to with
0raw his motion and let the job come VOTE but
ne was 1nfexlbe as steel. His constituents gave
nlm Ia, 745 votes out OF 49, 153 cast majority OF
6337. It will doubtless be increased at next elec.
tlon. We want more men like Mr.. Randall in both
houses or Congress. There plenty Of Others per-
maps, as good, but we want more like him.
DR. JUDD'S SUGAR-COATED PILLS.
Hon. Norman B. Judd, OF Illinois, has made him.
sell conspicuous IN this e1ort increase the power
ana wealth OF the national banks, and consequently
the poverty or the masses OF the people. regard
him as far more dangerous man than General GAR
neld Both are partisans OF the national bank in
tereSt The present purpoSe-the leading object OF
Doth men--is to give the national banks $95;O0000O
additional subsidy. Both men leading men,
such Is their end and aim. General Garfields plan
mas been to group around the great central job as
many as possible OF the same nature ana rush them
all through together under the whip ana spur of
the previous question gag rule 1t has been twice
tried and twice resulted In defeat 1t Is understood
that DR.. Judd's sugar-coated plan will be tried on
Tuesday next The great central $95. 900, 900 addi-
tonal subsidy job will be surrounded with numerous
unObjectiOnable and In some cases desirable minor
provisions, and In that shape worked through the
House, IL possible, as gentle cathartic.
THE COMMITTEE OF CONFERENCE
Once through the House, the bill goes directly to
the committee OF conference the favorite resort OF
jobs, where the subsidy can be increased If deslra-
Bile, to $500 000 The ratification OF the confe-
renee committees report by both houses Is easy
matter. Any hot night, when there are but o few
members present, 1t can be pushed through without
diflculty.
1t is to be hoped that the job will be killed in the
House when IL comes up. AS 10 DR.. Judd, COM
mend him TO the tender nercieS OF the taxpayers OF
the First COngr ressiOnal district OF Illinois,.