The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-14
WA SHINC ON.
The Necessity Of Action in Finance
Felt by the Senate.
Senator Sherman's Views on the
National Currency.


In the Senate to-day the finance contest was re-
sumed on the amendment OF Senator Merrimon
providing Tor transfer OF $40, 100000 national
banking currency, to be taken from the East and
IedfstrDuted to banks elsewhere. Nouhcation was
given by Senator Cameron that re would offer a
substitute for the bin calculated to make banking
Tree on the terms and conditions OF the present
law and abolishing the restriction on the volume
OF national bank circulation. II created great
CONSERVATION Tn the ranks OF the "hard cash
men, There Is no doubt about Senator Cam
eron's ideas finally prevailing, because they are
acceptable to Senator Morton and his followers in
this financial fight After Senator Cameron gave
his notification Senator Sherman did not wish to
press his $25, 600 600 bill to vote. 1t is conceded
BY the leading Senators tonight that this ques-
uon mas been drifting to plan OF free banking,
as at present indicated in this last move and in
nation will be the order OF the day. on Monday
the real work to get down to a vote
Will begin, and a hand to hand fight may
be expected. The Senate is now fully alive
to the TACT that no matter who what stands
In the way, this financial question must be settled
at once for the benefit and relief Of the country
and its business. Further delay, it is felt by the
sincere and practical men, will entail hardship
upon all classes OF the people, and strong con-
dilatory action which has characterized the treat
ment OF this subject thus far by the law making
power, Is already expressed. After the announce
ment OF Senator CamerOn's subst itute the Senate
went INTO executive session, and, having trans
acted some business adjourned until Monday next.
Senator Sherman's Views on the Ma
tional Currency and Credit.
Senator Sherman s:-"f am in favor Of a sys-
tenn whereby any person holding United States
bond may be enabled to present the same at any
time for redemption, either in coin or q five per
cent United States gold bond, at the option Of the
government; secondly. allowing any one who
wants, to bank to any amount uponihls giving the
requisite security, redeemng his notes either in
coin, legal tender or bonds OF the United States;
also allowing United States notes, when they come
into the Treasury, to be paid again for current
expenses ana for the redemption of the six per
cent gold bonds Of the United StateAn
Small ModOc War in the House-Cap-
tain Jacks Crimes and Virtues Set in
Counter Array.
The House was occupied to-day in the considera-
ton OF private bills OF unmportant character
The only incident of interest was small Modoc
war between the redoubtable General ]. p. c.
Shanks, OF Indiana, representing Captain Jack ct
al, and Messrs Nesmith OF Oregon, and Luttrel, of
California, for the military and citizens in that
locality Mr.. Shanks attempted, II not to vindi-
cate. at least in measure to exculpate, Captain
Jack, with story OF an attempt TO poison his
father with strychnine while at feast under flag
OF truce, by Ben Wright hardy western from
tiersman and Indian fighter. Messrs. Nesmith and
Luttrell met this with counter statement that the
Indian referred to--his genealogy being doubtful
among M0docs--had led a band that muir
dered party OF twenty-seven emgrants
and were pursued by Ben Wright, when
they asked conference, to which they
came in great numbers and with arms, in violation
OF the terms OF the conference, and that, upon
their showing hostile lntents, Wright and his ff-
teen men made fight, killing f0rty-one OF them.
They ridicued the poisoning story, charging that
it was an invention of those sent out by the gov
eminent, who went there, not to teach but to
cheat the Indians. A portion OF the time the de-
bate between Messrs. Nesmith and Shanks was
quite warm and slightly personal but the fght
ended without any scaps being taken on either
side. The debate sprung up on bill to provide
for ascertaining the losses sustained by people
OF Southern oregon and Northern California in
1879 and 1878 by Indian depredations. motion
by Mr. Holman to substitute army officers detailed
for the purpose, in place Of commissioners, TO
assess the damages led to Mr.. Shanks' attack upon
the army officers in that locality, which opened the
sKlrmish. The bill was defeated.
The President Signs the Resolution for
the Howard Court OF Inquiry.
The President to-day approved the Congress
sional joint resolution authorizing special court
of inquiry concerning General o. o. Howard.
The Postmaster General I'm Favor OF the
Establishment OF Special Mail Trains
ON All Railroads.
Postmaster General Creswer, while before the
House Committee on Appropriations to-day, advo-
I'D fhn afoh lIGhv pnnt all xatl~A dc
United States Of q special mail train, to be run at
high rate Of speed, for the sole purpose Of trans
hitting mail matter. The system he recommends
is somewhat similar to that now practised in
Europe.
Una nimfty Of Department Omcers in
Opposition to Retrcnchm ent.
Commissioner watts, of the Agricultural De-
partment, added his testimony to that OF every
other bureau officer who has been Intercepted
by the House Appropriation Committee as to re-
ducing the clerical force He says :-'Jentlemen.
1t is simply impossible for me to revise my estt.
mates for clerical labor. l want 100000 more
than have asked for" The committee have, 1t is
said, concluded to seek light hereafter from the
heads Of departments and bureaus in reference to
the cutting down OF clerical estimates as all at
test it is impossible, except Mr.. Ella, who is
wiling to part with one female copyst.
The Mission to Spain and Minister
Cushing's Time of Departure tor
Madrid.
Caleb Cushing, United states Minister to Madrid,
left here tonight He has been delayed in his
departure on account OF the necessity OF comnet-
ing the arrangements with the Supreme Court
respecting an important suit now pending in the
interest Of parties residing in Providence. Mr.
Gushing will first proceed to New York, thence TO
prny1anfe Hnafnn in tion Ufth no
case alluded to. He will then spend few days
at Newburyport. The day of sailing has not
yet been fixed by Mr.. Cushing. 1t Is his in
tention, however, to land IN France, and
ne will proceed to Paris, from which
point he will reach Madrid as soon as practicable.
The operations OF the Carlists along the road have
materially embarrassed communications between
Paris and Madrid. The new government of spain
will, it is thought, no Influenced and directed on