New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-02-24

SENATOR HARVEY OF Kansas mas recenuy p"' !"
an appearance from State where railroads. nave
sprung up like mushrooms, ana is ID Eeaio' Ill ia'or
of imitation in any form.
sr~.roP HtrcHcocK of Nebraska can he cassed
in the same category with Mr.. Harvey of Kansas,
the States which they represent being similar ia
tbo;r ambitions lie will vote for initiation of any
kind ....- ... ..
SENATOR HOWE of Wisconsin has been and con-
tnues to be one of the abest opponents OF imitation
in the Senate He opposes imitation in any form, and
demands at every opportunity quick return 10
lizard PAN" .. ..
SENATOR INGALLS, of Kansas is strongly in favor
Of imitation. but viii probably not return 10 ASH
ingt0n in time to vote for It,
NAToR JOHNSTON of Virginia isstrongly III favor
of imitation. urging as reasons for his belief that
more money is needed to open new and war-strickon
mart, of the country. The great cOal-felds aud
iron mines of the State of Virginia cannot be sue
cesfully worked unless the currency is in some way
expanded.
SENATOR JONES of Nevada says that he advocates
specie payments and will not vote for any scheme
which looks like delaying them. His constituents
use coin.
SENATOR KELLY of Oregon spoke strongly
against any kind of imitation, using the same argu
ments given generally by Senators from the Pac'ic
slope.
SENATOR DAVIS of Virginia favOrs imitation for
substantially the same reasons which are advanced
by his colleague, Johnston. He would vote for any
scheme of expansion likely to advance the business
interests of the country.
SENATOR LOGAN of Inineis said that he was IN
favor of increasing the circulation of the NATIONAL
banks by distribution TO the parts of the country
that are deprived of it improperly lie Wouid IN
crease the circulation to SSOOOOOOOO, make the Ma
1ional bank currency and greenbacks asslmllate IN
fo,a Aon Of He Uo1l6 llSOaa
as practicable introduce the system OF free banking
die would so regulate and guard 1t that every man
holding q bill would be protected IN the same way
as If holding National bank bill or United States
currency note. He would place all free banking
upon the basis of the bonds of the Government ana
Jet money be issued as it is needed by the require
7nents of trade aud commerce.
SENATOR McCREERY of Kentucky favors infla-
ton believing that the South needs more money to
transact its business. He will go for imitation IN
any way it is brought up in the Senate
SENATOR MERRIMoN of North Carolina was
strongly in favor of the issue of $4G0OO0OO National
5ank currency above the SAOOOO0O legal reserve
aud in harmony with any plan which would give
the country more money, which he deemed necessary
TO carry on the operations of trade and commerce.
1Ie thought that for the present the total OF the
Sreenback and National bank circulation should DO
fixed at Ss0OOOOOOO The issue of the Si4OOOOOO re-
serve, part of which had already been paid out
should of course be legalized.
SENATOR MITCHELL of Oregon, strange to say,
though coming from the Pacific coast favOrs the ex
sans0n of the currency to limited extent, and
pnay be cassed with the infatoDists. Heis in favor
OF banking and of increasing the circulation to
$SO0OO00OO.
SENATOR J. s. MORRILL, of Vermont says that his
views are substantially expressed IN his speeches
On the Senate from time to time during the past few
years in advocacy of a return to specie payments
and against any kind of initiation.
SENATOR L. NJ. MORRILL, of Maine did not like
the idea of taking away any more from the Eastern
bank. TO give to the West and against initiation
in any form. He thought the country had money
enough TO transact ITS business and that the West
had q sufficient proportion of the currency.
SENATOR MORTON of Indiana is strongly in favor
at large currency issue. He desires that the West
shall be built up by issue of at least SSOOOOOOOO
Of currency and that money at all shall be taken
from the East. Tue currency circulation in this
way he fully equalized without giving ohense to
or incommoding the business of any part of the
country The S44,0O0000 reserve should also be le-
Palized a part of the general circulation.
SENATOR NORWOOD of Georgia, who represents
the most prosperous State in the South says that his
section needs more banking facilities and he will
vote for limited extension of the bank currency.
SENATOR OGLEsBY of Illinois says he is not clear
n. 10 how he will vote on pending propositions. His
views are a little mixed but his mind runs in the
direction of initiating the currency.
SENATOR PATTERSON of South Carolina prOnOunces
.himself uneqmvocany an expansiOnist.
SENATOR PEAsE of Mississippi favors expansion on
the general plea of local pOvety and insufficient
banking facilities He believes in free banking, or
ANY scheme likely to initiate the currency.
SENATOR PRATT of Indiana is one of the cham
MONS of free banking aud generally an advocate of
imitation.
SENATOR RAMSEY of Minnesota wants more money
20 move the wheat crop with, and does not want to
be compelled to call upon the East for it. He IS
clearly in favor Of expansion OF free banking
SENATOR RANSOM of North Carolina is absent
His vote would be cast in favor OF imitation
SENATOR ROBERTSON, of South Carolina thinks
the usefulness of the National banking SyS-
tenn should be extended by creating new banks and
expanding the bank currency.
SENATOR SARGENT Of California thought that an
unhealthy spirit eff speculation was engendered by
the issue of too much currency He believed that
move toward resumption of specie payments would
be the best policy for Congress TO pursue. On the
Pacific coast with hard money circulation. no
panics happen. He favors funding the greenbacks
and issuing National bank currency instead.
SENATOR SALISBURY of Delaware was against any
increase of taxation to meet the Government e1-
penses but was in favor of cutting down Govern
,nent expenditures so that the income would be
equal to our necessities. He opposed to any
issue of currency aud thought it would not be of
the least benefit TO the South West, il would
drift back to New-YOrk, where it was not needed.
He felt that contraction would be of the greatest
service to the country instead of expansion as IT
would induce speedy return to specie payments