The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-24

nnal action, parfytog even asgumenS IN ms mind
in favor OF ths appsovni ~ the otn; - the saae
time he could not overcome the inward conviction
that the bail ought NOT " become . iav. hessay
the messsge ana perfected u TIE folio wing day.
bat not In time Tor confederation IN the Cabinet
the srKIKns rBAsuna IN TEE vRro.
and what surprised botn those opposed and those
In favor OF the blll the most VS. the Presidents
defence OF the 80. 1000 reserve. So confident
were the friends OF tne bin that the President
must approve IL, that when Mr.. Butler was asked
II the President was likely 70 veto IL ne exclaimed.
s.Neverin
"But stin he has the right to DO H." remarked
his TREND.
Now that the veto II fAirly before Congress- with
NO possible hope OF . two-thirds vote to pass the
bill It Is interesting to know that there are now
pending before the Senate two House plliA which.
II passed, win be vetoed by the President a.
summarily as the Senate piIls-vis.. the House
Currency bill which also provides, without pro-
vision for specie payment, that the circulation OF
legal tenders shah be e4oo, 900, and the other
bill Which passed The House, declaring that the
limit OF legal tender circulation shall be
$400, 100000.
REPUBLICAN, CAUCUS DISCUSSION.
Az It ts probable that the Senate bill vetoed by
the President win como up for consideration on
Tuesday next 1t was deemed advisable by the re-
publican Senators who supported the measure to
hold caucus and agree upon some plan OF action.
The caucus was held after the early adjournment
OF the Senate to-day In the room OF the President
pro tenn. Senator Carpenter, who presided. All
the republican Senators who voted for the mca-
sure were present, except Senator Wright OF
Iowa. and one or two others who we're absent
from the city. The only positive measure agreed
upon was that every member who voted for the
Dill should stand by hts record when the vote
upon whether the bill should become Q
law Ii taken. II was argued that to
change front now would be confession
that the Presidents judgment was superior to that
OF individual Senators, and that as their votes
had been given after months OF serious debate, ad-
herence to their views could not possibly be con-
strued as intending to antaeonize the administra-
ton. The question was opened whether speeches
should be made or whether q vote should be pro-
ceeded with on the part OF the supporters Of the
bill without discussion. There was nothing finally
concluded in this regard, save that should there
be speeches, every member pledged himself to
carefully avoid saying anything that might pos
sibly be construed as an indication or disanection
in the republican party. Senator Morton, who was
obliged to leave the Capitol before the caucus was
held, requested Senator Cameron to say for him
that the democratic members Of the Senate
were quite as divided as the repub-
lcan members II VAS not question
OF politics. but question concerning the admins
tration OF the financial interests OF the country
whether the prosperity Of the country which de-
manded an increased volume OF the currency
should be retarded whether the demands OF the
country should be respected.
Senator Cameron also took occasion to announce
his determination to stand by his vote to the last
from w ha had haAu IN Uloon frnvn tho
democratic Senators they, too, would not desert
the republican friends OF expansion. He had
nothing to regret, aud not one word to add In de-
fence OF his position. . Nss
FERRY's DEEP MDIGNATIoN. .#e
Senator Ferry, OF MICHIGAN, exhibited most
evidently the deep regret and disappointment felt
by his brother Senators who have co-operated
with him under the lead Of Norton. de said that
he has never in his political life experienced so
much surprise at any action Of the President az
this. But nothing rash or il.tempered Is to be
done, and no occasion will be gwen for the
enemies Of the republican party to think that
Saturday night the Pre&dent though not In SO
many words, gave reason TO believe that ne had
made up his mind to sign the bin This occurred
during conversation held with him in the
presence Of General Logan, and the nrm convlc-
ton was entertained by them until MONDAY follow
ing that ne would do so, until Senator Morton on
that day declined to see him. when It became
evident that change had taken place. Senator
Ferry had no severe or unkind thing to say
OF the President, but believed he had made great
mistake-gone back entirely on his friends and
changed his mind, under some strange and I'M
known Influences. The friends OF the bin were GO
ing to stand more hrm than ever by it, and WILL on
no account. yield an iota There is no question Of
this, and not one Senator win change from the po-
sition he has taken up. A deep disgust settled on
Senator Ferry's face as he spoke, equaled only by
the terrible thunder cloud which has settled on
General Logan's dark face since the explosion It
was urged upon every member OF the caucus 10
consider the proceedings as strictly confidential,
and under no circumstances to divulge them.
With this rstanding the caucus adjourned at
flve O'Clock, to meet at Senator Morton's quarters
where the discussion was again renewed this even
ing the policy In the forthcoming debate. The
democratic members viii also stand with the re-
publcans, under the leadership OF Senator Merri.
mon, 'tne father or the bill.n
VIEWS OF THE SENATORS AND REPRESENTATIVES,.
* Senator Cameron, OF Pennsylvania, further says
of the Presidents veto-Ths is the worst shot the
republican party has ever yet received; thar It
would divide up such States as Michigan, Iowa
and Kansas, which are the very backbone OF the
republican party; and he would not even be sur
prised II 1t would divide up Pennsylvania. He
avows himself as very much displeased and is in
favor OF making bitter night.
Senator Carpenter, OF Wisconsin, thought 1t
would postpone the final action on finances until
next fall when Q new Congress Is 70 be elected
and when the next campaign issue would be ..in-
nation," and an imitation Congress would be
elected. This would seem to argue that
the House then thinking absolutely ana
undeviatingy in one way, the Senate
would be obliged eventually to consider the ex-
pediency OF inclning somewhat in the same direc-
ton. rW N81
Senator Hamlin, Of Maine. thought the veto the
greatest act OF President Grants life; that it
would make the East unit for him, and the
democrats would not dare oppose him In the East.
The West was not SO united for imitation, especially
Illinois, Indiana and Ohio. Their interests are