The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-03-31

as heretofore advised. vote upon 1t Will be
reached tomorrow, and 1t will pass with
the almost solid vote Of the majority,
who have been acting under the lead
ership OF Senators Norton Ferry and
Logan. The opposition TO this division OF the
Senatorial body comedies in their conversation to-
night, that they cannot carry anything in the bill,
and almost acknowledged the same in the course
of their remarks in the Senate to-day. The fact is
that the fate Of the bill win be humiliation, as
every section OF 1t, in the shape In which 1t came
from the committee, will be wiped out. Thus the
"specie resumptionIsts" will atone for the strong
and manly difference OF opinion they have sus-
tanned against the 'more money" side and it looks
very much as though the latter intended to infict
a kind OF retributive vengeance on them Tor the
many hard things they have said against the So
called in1ationists, which term Senator Logan re-
pudiated in to-day's debate, Thus has the sceptre
OF financial ministry fallen from the hands OF Sem
ator Sherman, who, as Chairman OF the Committee
on Finance IN the Senate, has been regarded prior
to this time as authority ana a leader, and with
this fatality also, that not vesrige of his bill will
be lett to tell the tale OF its digest and emanation
from the committee, before whom it had almost as
trying an ordeal at the hands OF its friends before
its debut it has since had at the hands Of it's enc
mica in open Senate.
House Currency Circulation Bill.
The bill which passed the House liking the limit of
United states notes Tor circulation at S4OO OOO 900
having been sent to the Senate, was, III the alb
sence OF Senator Morton, who leads the majority
In favor or increased currency, referred to the
Committee on Finance, and thus virtually taken
out OF the hands OF the senators. motion will
be made, In the morning hour tomorrow, to dis
charge the Committee from the further considera-
ton OF blli, which, when passed, will restore
II TO the calendar OF bills TO be acted upon by the
senate. When the various sections OF the bill re-
ported By the chairman OF the Finance Committee
have been disposed OF, completed bill, embodying
this and other provisions, is to be placed upon It's
passage at once, without any recourse to the Com
mittee, and be carried at once, without any more
delay and discussion than are absolutely unavOid-
able 1t is not known yet what shape free bank
Ing viii take to insure its being carried in the SEN
ate, but II 1t cannot be had pure and simple which
Is almost TO certainty the case, some modifca-
ton Will be agreed to and possibly one which will
not very widely differ from the BILL But it is just
as possible, so the best authorities say, that
tually some basis OF cOnvertibility will be secured
which will make the measure more acceptable
than in its present badness, as proposed py Sen.
ator Logan's amendment. Senator Sherman's
third section, substituting Maine for New York in
relation to the appOrtiOnment OF national bank
circulation, may be one Of the most likely Of the
measures to De adopted The question of the
three-siXty-fve interc0nyertible bond or five per
per cent bond at par IN currency are among the
other methods suggested as afording way out or
the present difficulty.
The possibility Of q neao issue Of inconrerttole
paper regard Uih ana0zenaent ana dnriety, and,
in my judgment. such an issue Do,tld be delri-
yllent and a StuJpP.-CUARLES SIMMER
Business I'm the House-ProbabIe Action
or the New England Members on Free
Banking.
The House consumed It's session to-day in con-
sidering the bill tor the government to assume
control OF the Louisville and Portland Canal, and
as unfinished business 1t goes over until to-mor-
row. when it is probable the better portion Of the
day Will be spent in it's final consideration. and
some other pending business will prevent q re-
sumption OF debate on the Free Baniitc bill until
Wednesday. 1t is asserted tonight that the New
England representatives will not vote soidly
against free banking.
The Turkey-Roumania Qucstion-Opfn-
ions OF the Diplomats.
The attention OF the diplomatic circles today
was monopoized by the article in the HERALD OF
yesterday received this morning, relative to in
trIcate and menacing question OF European poll.
tics; as to the absolute right which Roumania
possessed to sign customs treaties with other ma
tons. The cable despatch relative to the reported
trouble between Roumania and Turkey over this
question is July credited as such q contingency
might have arisen from the trip which Sadyk
Pacha is actually making around the principal
money markets of Europe with the hope to get
some FUNDS for the relief OF the Turkish eXcheQuer
To snatch from ROumania her exclusive and nat
ural right to determine the Custom House regula-
tons over her important and daily growing trade
with foreign nations would prove good haul for
the Manometan wandering financer, but if
such are his designs, the prominent diplomats say
they will be thwarted. More than that,
it was said II Turkey attempted really
to interfere with this Custom House question
she would positively 60 backwards, and that she
might reopen the Eastern question by refusing to
ROumania the exercise Of right which she al
ways enjoyed and which was guaranteed to her
by the Paris treaty OF 1856 and by the Convention
of 1858. Roumania, it is claimed, has always en-
joyed legally perfect national independence,
minus the nominal suZerainty of Turkey. The
right OF declining peace and war and of treaty
making, all these sovereign rights had been recog.
nized by the Sultans in many treaties. and their
exercise had not been originated, but simply
guaranteed, by the European Powers in 1856.
Relative to this special and newly agitated ques-
ton OF Custom House tariffs it was recalled that
as early as 1888 the Roumanians had concluded a
commercial treaty with queen Elizabeth OF Eng
land; later, in October, 1912; then in 1855,
and again in 1895, Roumania had signed with
Austria extradition tclegraphic and other COM
mercal treaties without the least interference OF
or from Turkey. Further information Is anxiously
awaited.
Condition OF the Appropriation Bills.
The following is the present condition OF this years
appropriation bills The Naval Emergency Extra
Appropriation bill, and the Army, Navy and Forti-
fcaton bills have passed both houses and become
laws The Executive Judicial Appropriation bill
is now under consideration by the House. The
Indian and Military Academy Appropriation bills
have been reported but, not yet reached action.