The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-11
Voting in the House on the
Financial Amendments.
BUFFERS STRATEGY BEATEN
Propositions for the Redemption
of Credit Rejected.
RIGHTS OF THE RED MAN.

Oefeat OF the Hero OF Fort Fisher In the
| Tactics or Assumed Leadership-The
House Resumes Consideration OF the
| Currency Bill-Contraction and Re-
demption Repeatedly Voted Down.
| Immediately after the reading OF the House
journal this morning, the Speaker announced that
| the pending motion, when the House adjourned
yesterday, was to reconsider the vote by which 1t
was agreed TO postpone further consideration or
the Finance bin till next Tuesday and to lay that
motion on the table. The attendance OF members
az this early hour was unusually large, and alb
| sentees OF yesterday were brought to a sense OF
duty to-day, while some Of the Independent
thinkers who had changed their mind were IN
willing the Senate bill should be rushed through
until they had a chance to vote on the House bill
and the pending amendments. Mr. Maynard took
his stand ut the helm. the hero OF Fort Flsnerla
little TO his right and The main portion OF De
House gathered about them. Mr. Maynard ranked
the hero by announcing his intention, II matters
went as he thought he foresaw that they would to
go to the Speakers table and take up the Senate
Finance bill This brought Mr.. Randall to his feet,
who, as member OF the Banking and Currency
! Committee, did not propose to be under
stood as favoring any such proposition.
What had not been known before now made itself
manifest in the equal division in favor OF the
House and Senate bills. The yeas and nays on the
motion to lay the motion to reconsider on the
table resulted In tie vote OF 126, which the
speaker decided in the negative, this being his
nrst vote TINS session The House, by majority
OF one, thus refused to lay the motion to recon:
slider on the table. The yeas and nays were called
| upon reconsidering, and the House, by vote OF
12S to 100 was In favor OF reconsideration. With
this determination to get TO vote on the pending
BILL the amendments were taken up and disposed
Of that OF Mr. Mitchell, OF Wisconsin, providing
| n Of mi ack a tn nOn hv
the sale Of bonds II the nationalsAank circulation
was increased. being the first sVs0sto the waste
basket, by vote OF 100 to 10 Mr. Biery's
amendment to strike out \ sections seven
and eight, providing for banking without
circulation and gradual specie resump-
ton was next sacrinceds and then came
Mr.. Farwell's amendment to MI. Merriam's subst-
tute for the whole bill, providing that the amount
set apart for the sinking fund should be used in
redeeming greenbacks, which the House refused to
accept-the yeas being Y and the nays 1914. Mr..
Merriam's amendment embodying provision for
all free banking facilities was the last amendment
slaughtered. Mr.. Maynard, to get the sense OF the
House on striking out the seventh and eighth sec
lions OF the committees bill, called the previous
question on striking ont the seventh section,
which was carried by vote Of ia TO SO; and the
eighth section was stricken out by vote OF l49 to
95. The latter vote expressed the sense Of the
House against paving the way for specie payment.
It was now evident that the morning hour, which,
under the rule OF the House, must be had before
the Speakers table could be reached, was out OF
question to-day and the hero Of Fort Fisher ma
neuvred TO get the Senate bill before the House as
substitute Tor the pending bill. Mr.. Maynard
refused to admit 1t, but he renewed his intention
when the opportunity offered TO take up the Senate
bill. The three sixty-fve convertible bond made
its appearance In the shape Of an amendment
offered by MIR. Negey, and at its heels substitute
| onered by Mr.. Kelley. Some Of the New England
! members were disguised at this prospect OF hav-
ing all the hard money schemes voted down, and,
through Mr.. Kellogg. asked that the bill be laid on
the table, which was emphatically refused by more
than 2 two-thirds majority. Mr. Ke'ley's three
siaty-fve convertible bond provision was promptly
accepted as substitute for Mr.. Negey's amend
ment, the House declining to allow the represen.
tative OF the Smoky City TO rob the indefatigable
Kelley OF his honors. But, alas on the adoption
OF Mr. Keey's substitute as the seventh section
Of the bill, the House, by Q vote OF 100
! to 11s, refused to incorporate 1t with
Mr.. Maynard's banking clause Many members,
tired OF empty labor, wanted to shirk further
duty till Monday next The drones failed and the
busy bees succeeded in getting few more dilatory
motions before the House. resulting In the waste
OF time and continuation OF suspense In business
circles. The bill now stands as reported the last
two sections having been stricken out The first
section releases all money now held on account OF
circulation and fixes the amount OF deposit &C
cording to the thirty first section OF the Banking
act Of June 8, 1884. Section provides for free
banking. Section provides for the redemption
OF national bank notes in greenbacks at the Treas
ury and that i've per cent OF the circulation OF
national banks shall be deposited in the Treasury
IN legal tenders for this purpose. 1t also fixes the
legal tender circulation at $4Oo, 900. Section
provides for reducing the circulation OF any
bank by allowing the purchase Of bonds on deposit
with lawful money. Section provides that
lawful money reserved shall be Kept
within the vaults Of each bank, and Sec
ton makes provision for the printing OF national
bank notes. Tomorrow there will be various
amendments looking TO the retirement OF per-
centage OF greenbacks, and 1t is impossible now to
say whether the House VIII risk the fate OF free
banking in the Senate or pass the Senate bill. It
is intimated by the advocates OF the Senate bill
that If the House does not pass 1t as it came from
the Senate there is danger that 1t will pass the
Senate in an amended form.
The Territorial Railroad Bill in the
senate-The Manager OF the Supposed
Job rs \ Delusive Observation-Disclosures In
tolerance In the Indian Missions.
! In the Senate it became evident, as was sug-
| gested in these dispatches last night, that some
! kind OF job was up In the Territorial Railroad
bill. The shrewd and Analysing little lawyer Sen
| ator Wright, having continued his probing about
/ in the bill offered by senator Stewart for the in
! corporation and regulation OF railroad companies
In the Territories OF the United States and grant
ing 10 railroads the right OF way through the public
! lands, at last discovered that there was tender
! spot in IL, and that in the matter OF
Indian reservations. which the bin proposes to
invade. Almost the whole question was gone
over as to the rights Of the indian the manner in
| which he was treated and the danger OF further
intrudng upon him. Senator Stewart, who had
the bill in charge much to the amusement OF the
/ Senate and the galleries. again played with much
zest and merriment the part OF youthful Rip Van
Wrinkle In appearance and style he almost ex-