New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-02-19


Hajorty for imitation Of some tinIi 3.
This state of affairs should the above canvass turu
out 70 be entirely correct makes 1t apparent that il
Will be very dinicult TO pass any measure Of inta
ton through the Senate. 1t is not 10 bo supposed
that any direct vote like that supposed above will
be taken. As the matter now stands, with Mr.. Mcr
rmon's amendment pending, the question before the
Senate. Shall the volume of National bank
circulation be increased TO S4OO,O0OOOO7 it would
not be safe to count all of the Senators who are put
down in the above table as inhationists in favor
Of this amendment. JUDGED Mr.. Wright las al
ready announced that he shall vote against it, and
there are probably one or two other Republicans
and several Democrats who will be likely to go with
him and thus make the passage of the pending
amendment more than doubtful. The supposed
vote gwen above probably represents more nearly
what the vote of the Senate will be on the legaza
ton of the $44,OOlOOO greenback reserve $2;G00660
Of which is already in circulation
There are several reasons why this tie strongest
imitation scheme that is likely to come before the
Genate In the first place, it is standing disgrace
10 the Republican Administration to have these
greeDbacks Illegally issued and there is no way 10
escape that disgrace except by an act Of Congress
putting them into the permanent circulation. Again,
the power which the Secretary OF the Treasury at
present usurps of deteminiug from day to day what
amount of currency the country shall have
and thus raising OF depressing prices az his
will, is that is abhorred by the entire
business community not engaged in stock gambling
aud the exercise Of which s daily protested against
by thousands of the leading merchants and bankers
Of the country Legitimate business, il is said by
many who protesting against the present system,
would in the long run, be less injured by the Issue
Of the whole Of this reserve, if it should 80 perna
nenty into the circulation than by the contraction
one day and expansion the next, now pIacticed by
the Secretary of the Treasury.
The resumptionsts in the Senate will all vote
against the bin TO legalize the issue of these legal
tenders, and the expansionists will probably bring
out stronger vote in it's favor than on any other
proposition looking TO the issue of more paper 1t is
expected that a vote will be taken tomorrow ON
Mr. herrimon's proposition to increase the Bank cir
eulation $460o0,OOO, and on the motion TO recommt.
II looks now as though the former would be voted
Gown by avery small majority and that the latter
would prevail though the Senate is evenly
nyded ON these questions that all predictions are
very hazardous
MEDIUMS OF GREAT BRITAIN, FRANCE, GERMANY,
AND THE UNITED STATES.
ieRSERAL PRESS DIsPLiCHl
WARRINGTON, Feb. 16.-In consequence OF frequent
applications to the Chief Of the Bureau Of Statistics
Tor information in regard to the amount of circu-
Aune medium IN Great Britain, France. and other
European countries and Of the wide d vergence of
statement on the part of European A. well al Amer
can nnanciers an examination has been nade nj the
published Official statistics and VARIETY ~
ties on the subject consulted with yaw 20 oh,a;n.
ing approximately accurate data Ths ,.snI,a :,
this investigation have just been uren.,sa g..
which it appears that the total amount of cola coin
circulating in the United Kingdom OF Grsa,
Britain and Ireland at the elosa >,
1872 was fA,551,0O0 sterling; silver
El5,o00.0OO; bronze, f1,lB,Ooo; excess q
bank notes over com reserves, fN,AO0o
total circulation in coin and notes fl4l 600 be
ing equivalent in United States gold coin TO S6s6
2l, $40.
Tho metallic currency, coin, and bullion of Franc
gwen at 1000 900 francs; notes of the Bank
France in circulation Dec. %, 1873, 2s07 6s9 g.
francs total. ESQ, ess.o25 francs Deduct metsili
reserve in bank December Is 759 962, 4l9 francs, sn
The currency circulation 10 6,O47727,9O6 france
equivalent In United States gold coin at 20 cents
the franc TO 81 ,2O9, 545, al.
10 the % States composing the North German Con
federation, the supposed aggregate Of coin is $50
S"'5o2 thalers The coin held in reserve by tn
DsnAs TO protect their note circulation is OO
aaefs leaving in the hands Of the people $50 4 so
"sass The notes in the hands Of the peopl
smssps 70 10 lsei<s tAalsss; making ssip End Dsts