The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-23

would have voted against the bill; Senator
Flanagan was paired with Senator Browniow,
supposing tho latter's absence was 10 bo
bat temporary, and that he would in the future
vote against any measure OF expansion, while
Seustor Washburn, elect from Massachusetts,.
would vote against any and every innarion meas
ure. There are three votes against the nve
majority by which the bill originally
passed the Senate. Only one more Is re-
quired to make tie. which. in the absence Of
the Vice President, would defeat any measure. a.
tie vote without the casting vote OF the Vice Pres
dent goes for nought You see, therefore, that the
delay has brought every Senator to his post,
and whatever may be the action OF the House. no
veto can be crushed In the Senate by the requisite
two-thirda vote.
EFFECT OF THE RvESr ON THE PARTY oRaANrzA-
TION.
The opinion Is universal among the democrats
that the republican party is shipwrecked by this
vcto and the apprehension OF split Ia widely en-
tertaned among the republicans themselves.
There Is every reason, too, for believing that the
Senate discussion Of this veto message will be pro-
tracred, bitter and exciting, and thar the cOnse.
quences to the dominant party will be as dsas-
trous as was the disruption OF the democratic
party ON the slavery question. As Tylers veto
and Clay's bank measures lost the Presidential
ally believed that Grants veto OF this Currency
bill Will entail defeat upon the republican party In
1870; but that unlike the whig party. 1t win never
rally from the shock.
WHAT WILL THE SENATE DO WITH THE BILLY
The question on the resumption OF the oonsidera-
ton OF the Currency bill in the Senate will be -
''Shali the bill pass Notwithstanding the Presi-
dents objections ?" On taking the vote, II sup
ported BY less than two.thirds. the bill fails, and
against the veto II will hardly receive majority
But before the vote Is taken there viii be discus
sion OF the whole subject in all It's bearings
SENATOR MoRTONs VIEWS.
Senator Morton. the active leader OF the majority
which carried the bill through, is OF the opinion
that there VIII be an animated and protracted de-
bate, and that Of course the bin Will be lost but be
thinks that this s only the beginning OF this con-
trOversy Of the East against the West and the
South He thinks the President has acted con-
sctentiously In this veto but that upon one point,
at least. ne has been misied. for there are not
$40o000o OF banking circulation upon which
Indiana or Illinois can draw, as he suggests In his
Message.
THE REPUBLICAN, PARTY sHAKBN
Upon being asked II this veto would not break up
the republicans party into two sectional camps
Mr.. Morton replied :-"No sir; the party may be
shaken little bur 1t will not be broken. 1t Ii no
more divided upon this currency question than the
democratic party, and our democratic friends are
very much mistaken II they think that our lines are
more endangered than theirs by differences or
opinion on the currency or banking or on any Of
these financial questions. Nevertheless. in the
end the juss demands of the West and the South
for more currency will prevail for this Ia only the
beginning Of this connct.n
rHE HAPPIEsT MAN IN CONGRESS-
20 parhon tnuk
In Congress. He is confident that henceforward
the honest financial policy OF the President VIII
prevail, and that the present session win not be
prolonged In consequence OF this veto, because it
enlightens.lhe two Houses as to the bounds beyond
which they cahnot safely pass, and that altogether
this veto IS good thing Tor the country and will
strengthen tine President at home and abroad.
pIsRurTION AND DISASTER.
democratic senator, on the other hand, whose
name your correspondent Is not at liberty to qIve
says that this veto financially il q MISTAKE winnie
politically it Is the salvation Of the country in
breaking up this demoralized republican party
There win be emusic In the airn from the West
and S0ush before ten days are over, and your re-
publican party, SIR on this sectional question OF
the currency win be broken to pieces, as was the
democratic party on the slavery question.
RENAREABLR POPULAR EXPRESSION.
tres Of interest this evening. Knots of excited
politicians, members, place hunters, lobbyists.
lawyers, contractors aud claimants, and the
hungry Micawbers generally found about the Capt.
to. were TO be seen discussing the Veto Message
OF the President, expressing opinions pro and CON
Of leading men and the possible effects on parties.
The stately Arlington was almost serenely undis-
turbed, as 1t is the headquarters ofthose who have
won this game. Wizards was not much ruined,
being species OF debstable ground between
both parties.
COMPTROLLER KNOX ARGvNENTATlvELY ATTACKED.
But the Ebbitt winch nom several causes has
become the favorite camping ground Of the West
ern and southern men, was the scene OF animated
talk and at least one exciting debate, the victim
in which was the Comptroller Of the Currency, Mr..
John Jay Knox. who evidently strolled in to feel
the pulse Of the public and learn popular opinion.
wnFUL uNrRUrH TO THE PRESIDENT.
Mr.. Knox is charged by the iniiationlsts with .
species OF double dealing throughout the whole
discussion, and the reference made by the Presi-
dent to q balance OF currency, $4,000 900
in amount being untaken and now
lying In the control OF the Treasury,
Is attributed directly to Mr.. Knox as
authority therefor. He had been openly de-
nounced on the floors OF the House and Senate and
now In the conversation or Senators and Repre-
sentativcs, as having misstated the facts to the
President No sooner had Mr.. Knox fairly entered
the roomy vestibule OF the Ebbitt IN which there
could not have been fewer than 200 persons loung-
ing about, than he was met BY General Rusk, OF
Wisconsin, chairman OF the House Pensions Com
mittee and pronounced inhationist, and Repre-
sentative Clinton L. Merriam, OF the Twenty first
New York district moderate advocate OF free
banking and the real author OF the Banking bill
now hpfOra The Senate who a once n hQrpd N n
warm conversation with the Comptroller. Mr..
Merriam in quite an excited manner, charged Mr..
Knox with deliberate mlsstatement In regard to
the sAoOo,ooo OF currency alleged to be uncalled
for. Mr.. Merriam asserted that no such amount
was ct the Comptroller's disposal, and asked II
anybody desiring to establish q bank in the South
or West could obtain It, II the bonds were brought
and onered for deposit Mr. Knox responded In
the negative and explained that what was meant
was that the amount named had not been issued.
It was, however, assigned and called for, though