The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-24

6on-The Humbug Of the
Franking Privilege Bill
.er WASHINGTON, Jan. %, 1873.
The Vice President SOrr0wful, Detected
and Observation-Disclosures Ncwman's
Observation-Disclosures In the Senate.
It was not "smiling Schuylern who called the
Senate to order at noon to-day, put Anthony in the
chair and then retreated to his sepuchral sanctum
in the basement, but a sorrOwful, detected and
disappointed man. whose Presidential hopes have
faded who will soon have to vacate the Vice Presi-
dents chair, who has not been called to
mount an editorial tripod in New York, and
who has miseraby failed in his successive
attempts to repudiate connection with Credit
A0biler. Patterson was also absent, and the two
writer's Of good character certificates, to the truth
OF which they respectively swore, were the subject
OF much bitter comment in the Senate Chamber.
Chaplain Newman was prompt to offer his con-
dolences, but even he could not, with "his smile
that was Childlike and bland" explain away
the blunt financial statement of Cakes
Ames, who was not disposed to be
made scapegoat any longer. 1t Is significant,
however, that Ames should have treated Wilson
and Dawes, from his own State, so much better
than he did Patterson and Garfield. To be sure,
Wilson is soon to be Vice President, and perhaps
President some Of these days; while Dawes, de-
feated in his desire to become Speaker of the House,
now expects to secure Wilson'S place. Each one
can be useful to Ames and his road, but that Is
no reason why the broad mantle he has
thrown over them should not have also covered
Colfax, Patterson and Garfield. If the venerable
Poland SO desired he could elicit deal OF infOrma-
ton from Ames and Alley that they have not yet
been asked for. But as an examiner Boland is not
worth row Of pins stuck in a red paper.
The Senate passed the bill authorizing the
building Of ten new sloops-Of-war, with q total
tonnage not to exceed ten thousand tons,
and at total cost not to exceed four
million. OF dollars. This will give good
deal OF patronage, much OF which will be bagged
by the new iron shipyards on the Delaware. The
House having performed their annual farce OF pass
ing bill protesting to abolish the ranking privi-
Iege, which, it was well known, the Senate would
not adopt, it was taken up in that body to-day and
30 amended before its passage that the House will
not recognize It's bantling when it returns. No
Congressman wishes to yield this useful privilege,
but it can only be retained by thus whipping the
devil around the stump.
General Butler Preparing to Fight the
syndicate-SIe Wants to Save Bout
well from His Friends.
1t is stated tonight that General Butler contem-
plates introducing resolution requesting the Sec
rotary OF the Treasury to inform the House as to
what propositions are pending before him for
funding the bonded debt of the United States, and
which If any of said propositions are believed by
him to be most advantageous to the government.
The object of this resolution is understood to be to
develop the fact that proposition has been be-
fore the Secretary for several days in behalf OF re-
spOnsible bankers in Europe Offering to take the
whole remainder of the five per cents with
probability Of following with the four land a. half
and Jour per cents, on terms substantially better
than those yielded to the old Syndicate, and now
ia imminent danger Of renewal. The bankers
on whose part this offer is made insist,
however, on the right to deal directly with
the Treasury Department, andtnot with inter-
mediates, who would otherwise get the credit of
placing the loan, besides receiving O virtually I'M
earned commission. Nothing has heretofore come
out in regard to this proposal, but the Secretary
1s not responsible for the silence enfoldng it, as he
has neither said nor authorized anything to be
said concerning the offers made him. and is
especially annoyed by the inspired report that he
intends to venture into the market with only
$100, 0O00 600 at time. Mr. Boutwell, is on record
10 the effect that the financial credit OF this gov
eminent Is stronger than that Of any other Power
in the word-and it is this belief OF his own,
shared by many able men, outside the
Treasury, and the Treasury rings, that the
Syndicate operators find to be present obstacle
to the REPETITION of the former Syndicate ope-
rations. Leading men in Congress gene
rally convinced that the S135, 100000 dis
posed OF through the Syndicate could have been
funded at cheaper rate had the public been
afforded an opportunity OF computing upon the diff
ference between the margin of profit afforded un-
der the law and that actually earned by the Synd-
mi Infif In faar bot Tho tha
Secretary from banking interests believed to be
sorey in need of the moral and material aid of
government agency may lead to a reallance on the
Old terms. This apprehension is enlarged by the
action OF the Ways and Means Committee, In reus-
ing to give advice to the Secretary and to Congress-
and hence General Butler is to stand in the br each
and prevent the necessit0us from overpowering
TIE conscience Of the Secretary Of the Treasury.
Overyv helming Defeat Of the s.Bureau Of
Commerce" Bill-Nindy Speeches on
the Subject.
Shelabarger's bill to establish Bureau OF Com
mcrcen came up again this morning. A discussion
arose as TO the time to be allowed for debate when
Mr.. Beck, of Ken lucky, made papable hit and
one that caused a general laugh throughout the
House, by moving "tbat the House do now adjourn
and that the members have leave to print their
speeches." AS this bill had been introduced twelve
months ago every member who was to take part In
the discussion had his part ''conned over by
heart" and, as the subject had all been discussed
and gone over time and again in Congress, 1t was
supposed that this motion would save the feelings
OF MEMBERS who won't have to listen to the thread
bare theories of Congressional lawyers upon SUB
Ject about which they know absolutely nothing that
could not be controverted by any Intelligent arti-
xan or merchant " the country. But your Con-
gressiona Sir Oracle would commit hari-kar or
some other terrible thing-commsson Hoax Ames
for instance TO buv stock in the Credit Mobiier-if