The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-17

specie payment. There was plenty Of gold ana
sucn ayment could be resumed.
Mr. BUCKINGHAM rep, SAID the Finance Com
mittee, by the Dill reported, seemed TO have o
single object In view-to relieve certain portions
would no doubt be a be M at To- the committee and
he therefore moved that the bill be recommltteu
to the Finance Committee, and, with the views OF
the senators now brought out bv the d scussiOn,
the committee could frame bin which would har-
monize with the views OF the majority. He hoped
Is motion would De adopted.
Mr. MORTON trep.) said ne saw no advantage to
be galnea by committing the bill. Three months
nearly had already passed ana. SO lar as this
been maze. The committee first brought forward
a esolutlon OF a sentimental character, their
TWENTY-FIVE Million DILL which was a sort of half
way measure. The question must be settled by
the senate s and, beng now before 'Ae Senate.
mir. SCOTT. Tep.J Of Pa, said all Senator'S were
becoming exceedingly anxious to have some prac-
tica measure IN regard to the nnances before the
Senate-one which would cover the waole cues,
ton. He therefore. thought time nile nj De saved
by Iecommittng the bi apq ~ te So''ee re-
Mr.. SHERMAN trep.) said he DAD not Know but
that he would vote ,Or the motion to recommit.
The Finance Committee had reported the Oil to
OF relief, ana he did not believe there were
five Senators against the original proposition.
questions de would. therefore. vote Tor the mo-
ton TO recommit rather tDan proiong the discuss
sion. The bill had been antagonized with every
KIND vi proposition lnv0ivin the whOie generai
question oi finances, and, no doubt, 1t would be
better Tor the committee now to rame some meas.
ure covering the whole question OF nnance, and
bring 1t before the Senate IOr action.
MIR. LOGAN rep) sad he thought this very
strange proceeding at this time. without wore
on one single proposition. or without getting the
sense OF the Senate on any one OF the questions,
the motion was made to recommit. Had IL not
been that the motion was made ny ms friend rom
Connecticut (Mr. BucKlnghaml he woui nave
thought 1t the result oil al arrangement to de-
prive the Senate OF q vote. The Finance Commit
tee mad discovered that the bin coud not be
passed, and now they wanted 1t recOmmltted.
Mr.. SHERMAN SAID the motion TO recommit was
MADE by gentleman not connected with the
Finance Committee.
FACE THE MUSIC"
Mr.. LOGAN said all the members OF the committee
who had spoken favored che recOmmltal. The bill
might be recOmmltted as often as they liked, but
he wanted lC understood that there must he vote,
and the issue could not be dOuged. They might
just as well lace the music one time as another.
10 recommit the bill would only serve TO repro.
duce the same arguments al. eady delivered, and no
til e would be gained.
Mr.. MORRILL,, (rep) of Me-, said his mind had not
been made up on any one OF these propositions,
anu there should be time denDeratIOn and
counsel II the Senator from Illinois mr. Logan
was willing to establish Tree banklng IN country
with between seven and eight hundred millions OF
, irredeemabe paper currency, he was rather
holder man than most who lave dealt with the
subject. The whole range OF questions brought up
here on the OIL mad not been passed upon by the
committee, and he thought the Senate should have
the views OF that committee. He would therefore
vote iOr the motion 70 recOmmlt wlOn the expec-
tatlOn that the committee would at an early day
present the subject to the senate tor action. The
more the country had OF this rredeemable paper
currency tile more 1t would want. Issue $50 900
to-day, and in lew years you will need
$1O0, 6d0,0 900. To his mind, the proposition to In.
date the currency vas pern n,c: -
journ. and the latter motion was adopted, and the
Senate adjourned.