New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-04-10
WASHINGTON.
THE 1NFLATIoNIsTs AGAIN TRIUMPHANT.

THE INFLATIONlSTS AGAIN THluMl HANl'
,uosy on THE DEBATE ON THE CURRENCY BiIL--A
yorr TAKEN SHOWING MAJORITY IN FAVOR OF
TIE SENATE INITIATION BILL
(BY TELEGRAPH TO TRIBUNE.l
WASHINGTON April 9.--The impressive scene in
The Senate at the close Of the debate the Currency
bill was repeated upon larger stage in the House
to-day There was the same sense of the Importance
of the occasion testified to by unusually large at
tendance the same close attention to the concluding
speeches and the same solemn denunciaton In those
speeches of the predetermined act of mad folly and
national dishonOr. Mr.. Kasson, pleading for pocy
that at least looked toward resumption disposed oil
the assertion that an irredeemable currency, based
on the whole wealth of the nation is the best cur
rency in the world by exhibiting aten dollar green
back in one hand and ten dollar gold piece IN the
ether and asking members which they would take
if called on to choose He challenged the " cheap
money" men to go to the people with that argument
and take their verdict. The people wanted more
money but not more deprecated money.
Mr. f. r. Hoar protested against issuing more
PROMISES 10 pay while those already out renamed
,lishonored The currency could not be inflated, he
said while no provision was made for its redemp-
ton without breach of the solemn pledges OF the
nation. Mr.. Treman quoted the vigorous language
of Gov. Dix in opposition to the pending bill Mr.
f. H. Roberts said that the credit of the nation was
assail9d and declared that the theory that green
backs were money would lead to the payment OF
the bonds and their interest IN them
and to final reputation. Mr.. GARFIELD
applied to the kind of currency desired
by the infatonists the old English saying
quoted by CARLYLE, cheap and nasty" Their policy
he said was to tumble out the ballast from our
financial ship with one hand and spread the sails
with the other He regarded the occasion as fraught
with more serious and far-reaching consequences 10
the country than any day since the surrender OF the
Rebellion. Mr.. j. q. Smith said that the pain Oh
honor was the path of good policy The man who
refused to pay his honest debts because no could not
do so without living less luxurousy, merited con-
tempt; but the inationsts were seeking to put the
nation in the attitude of such maM
The House had agreed to close the debate at 81
o'clock. At that hour, several members, among
them Mr. Dawes. wanted the time extended, but
the nhatoniss relieved their feelings, which were
naturally somewhat irritated by the castigation
they had been receiving, by clamoring for an imme-
date vote They cut off Mr. Smith in the middle OF
his remarks with cries of Regular ORDER and
"Vote" When the tumult had subsidized Mr..
Maynard offered three formal amendments agreed
to by his Committee, which were adopted without
objection. He then admitted an amendment by Mr.
Merriam striking out the three last sections, III
eluding the resumption section; another by MIR.
Biery, striking out the last two sec
tons; a third by Mr. Mitchell, providing
for the retirement and cancellation OF greenDacks as
fast as new bank notes issued until the total
greenbaok circulation is brought down to S9oo'-
100000. and a fourth by Mr.. Farwell, proposing
method of resumption by employing'the sinking
fund to retire the legal tenders. The admission of
these amendments, as pending, was bad parlla-
mentary leadership on the part of Mr.. Maynard for
they weakened the bill, by showing how divided
his Committee were upon it, and confusing the
minds of many members as to the attitude of the
question. The friends Of the Senate bill saw that
the only method of passing that measure was hTst
TO get the pending bill out of the way. They re-
sisted the secoudng Of the previous question under
the lead of Mr.. Butler, and defeated Mr.. MaynaTds
motion by a Yeas, to 124 Nays.
The Maynard bill suffered in effect crushing de-
feat in this vote aud all that was left for its Oppo
neuts to DO to find the most direct way OF get
ting access to the Senate bill Mr. Butler was
recognized as the chief of the victorious party and
moved to postpone the Maynard bill until Tuesday
next with the intention of following the motion, II
IT carried with another go to business on the
table so as to get at the Senate bill The roll was
called amid much excitement, and resulted IN Yeas
1873; Nays l2l, the negative vote representing all
the elements opposed to the Senate BILL and includ-
ing the conservatives well as in1tationists, who
preferred the House bill in its present shape, or
wanted to improve ii by amendments. 1t needed
motion to reconsider and table to clnch the vote on
reinforcement; This Mr. Butler made, but before 1T
could be put a motion to adjourn made and car
red first on rising vote, then by tellers and after
ward by Yeas and Nays in spite of the resistance OF
Mr. Butler and most of the initiation crowd, who
wanted to finish their work to-day They did not
pucceed because il was past the dinner hour, and
number OF their rank and file thought it of more press
ing importance to ill the vacuum in their stomachs
than the supposed vacuum in the circulation OF the
country. The Speaker announced that the question
would como up again the first thing tomorrow.
IL is obvious from this action that there Is large
majority against the House bill in its present shape,
and a small majority in favor of the Senate bill,
when all the members who prefer the former as a
choice bet ween evils are counted against the latter
The passage of the Senate bill is therefore assured,
unless some changes should take place. But as the
bill lies upon the table anG only be reached by
disposing of large number Of bills that are on top
of it, its opponents have the power to delay action
upon it for some time, if they desire to DO So The
chief of the initiation movement, Senator Morton,
was present during the whole of the closing debate
and during the voting. His lieutenant, Senator
Logan was also in attendance and late in the after
noon a number of Senators came IN to witness the
close of the struggle
THE DISTRICT INVESTIGATION.
now DE GoIYER AND MCCLELLAN OBTAINED THEIR