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

uae1st ana a Shan,e.-CHARLEs SUMNER.
WASHINGTON, March 80, 1874.
Morton and Logan Slicing Up the Cur.
rency Eil In the Senate.
In the Senate to-day another very important
vote was taken, which resulted in the carrying of
Senator Morton's amendment strike out the
second section OF the bill of the committee by a
firm vote AS stated in these correspondence OF
yesterday, the second section defeated by
vote OF 2S to %, which Affirmative vote compre.
hended the working majority, as heretofore shown,
on the question pertaining to the first section and
subsequent amendments. Nearly two hours were
consumed in debate upon parliamentary rules as
to the precedence OF amendments ana the order
they should take in being considered. This was
to gain time mainly, 1t Is thought Considerable
difference or opinion has prevailed as TO the inter-
probation to be given to the rules on amend
ments, and hence Acting Vice President Carpenter
delivered long written opinion which seemed
to be opposed to the amendment argued by sem
ator Sherman, and leaned In the direction OF Sem
ator Morton's position Senator Carpenter said it
was the result OF his examination OF ali the authOri
ties which could be found. and after consultation
with some who were well versed in the decision Of
these questions. He invited the Senate, however,
in case OF their disagreement with his ruling to
change the ruling by appeal. Senator Thurman
accordingly was about to insist on such appeal at
6SuDScQuSut dppnttti0u Vi tHc SAME fuiiHR Oh an
amendment OF Senator Hamin, and yea and nay
vote was moved but as there was an evident dis
position in the Senate TO avoid this unpleasant ex
;remity, Senator Hamlin, to dispense with the
necessity, withdrew his amendment. The more
prominent features OF the days business were the
fruitless efforts Of Senator Sherman to worry and
entange the opposition and to retard them in
sweeping rapidly over the course which 1t was
acknOwe dyed they had the power to do. In this
ho al h,,C
Senators Conkling and FentOn, as well as others,
said nothing during the discussion. Finally when
they reached the determination to call yeas and
nays on the amendment OF Senator Scott, prOvid.
ing for the redemption of United states nores by a
ten year old bond, in lieu of gold coin and in de-
nominations Of $780, to be paid in exchange for
legal tenders this was promptly strangled by O
vote OF 81 to 16. There came along in comparative
short order for final decision the amendment Of
Senator Frehnghuysen which provided
bond to raise gold coin to redeem
legal tenders and for the accumulation
OF gold coin in the Treasury for that pur-
pose. II, too soon received the coup de grace and
thea the great leading issue, which was to test the
strength OF Senator Mortons position, was brought
up for decision, and the sequel proved that he had
not counted without his host, but that his follow
Ing and the working majority of five at his back,
Of which these dispatches have given q forecast
placed in them. This was the event OF the day,
and 1t seemed to carry hopelessness to the opposl
ton; for after the vote Senator Thurman, as also
Senator Sherman, said in so many words that
further resistance was OF no use as the majority
could do anything they pleased, even SO far as in
naton Of the currency up to $1,000, 100000 If they
chose, and he renewed his prophecy, or rather
arithmetica calculation as he said 1T more prop
erly could be considered, that the country was on
tho re ANap oil bo~ na,,tn and hopy
ruptcy. This was regarded by the other side as
being rather lofty flight of his Imagination, or as
startling admOnitiOn only, in SO far as 1t evil
denced his honest determination to do all he could
IN the way OF argument to stay the onward march
OF the opposition, not 'down to the sea-" but, as
has been hgurativey expressed by Senator COnk-
ling, ITO an ocean OF irredeemable currency, with
out shore and of unfathomed depth" This brought
out rejoinder from the opposition in the person
of Senator Logan, who, as one or their mouth |
pieces loudly protested that the Senators on
their side were as much interested in the welfare
OF the country the others, and he claimed
there was no reason to apprehend the horrible
dangers foreshadowed by Senator Sherman. AS a
finishing oeath blow to the Senate Finance Com
mttee bill Senator Morton moved that the fourth
section be stricken out. Senator Sherman en-
deavored to plead for its salvation and advocated
its modification so as to be in Keeping with the
uIsI SCCtlou, do dUOplcu uDOu dmcHuuicut, DuI
from opposition to admonition, and then down to
application almost as the range of the policy
adopted by the ''hard cash men" had changed
step ny step, to the last sad alternative still the
Slaviter IN naodO seemed to have effect, and
the unrelenting determination OF the Ministerial
executioners upon the bill was adhered to, and
the Intention accordingly was signifed that
nothing less than the striking out OF
the fourth section would do. This would have
chodb oai hUtrn Tho
delay occasioned by the debate the parliament
tary question ana the lateness OF the hour.
Senator Morton's amendment will be adopted by
the same vote as that on the second section, and
that will be the first business to be disposed of on
the reassembling OF the Senate. The next thing
In order will be action on the amendment OF
Senator Logan providing for free banking, which
will be lost If urged to a vote, as he appears de-
termined to do by a majority OF at least three
votes, and perhaps more. This will arise from the
known inconvenience OF Senators Merrimon,
McCreery and Bogy with the bill, unless some
limitation by cOnvertibinty shall be provided
10 these may possibly be added Senators
Goldthwaite and Dennis which, in the ag-
gregate vote as it now stands, would take
possibly five votes from the working majority
leaving twenty-three in favor OF 1t and twenty
eight against It, AS matters now stand, unless a
change occurs, this will be the result OF the vote;
but from the foregoing reliable facts it will be seen
that the doom OF free banking Is settled In the
Senate for the present
The vote on striking out the second section Of the
Dill showed tnat SIX absent SenatOrs-Brownlow,
West Cameron, Clayton, Edmunds ana Stockton
were paired with Flanagan, Buckingham, Scott
Kelley, Wright and Ransom In the order named
Those absent were Alcorn, Boutwell,. Dorsey.
Ferry OF Connecticut, Gilbert, Go,dthwaite.
Hamilton OF Maryland Lewis and Stevenson:
not voting, McCreery. Six democrats-Bayard,
Cooper Davis, Hagar, salisbury and Thur.