Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-04-28
THE NFLATIoNISTs.
Morton, Logan and Others Hold a
Grand POH-woW-An Address 10 tfie
Country Proposed.

Counfry Proposed.
Washington special lApril PAY to the Chicag-
1 Tribune.
There have been two confer,
ences upon the financial subject thi:
evening, which are still in session. One
was composed of nine of the leading
Republican Senator's who voted for the
Senate bill, held at the house of Sena-
tor Morton. The second was made up
of some leading Republican Represen.
tatives who voted for the bill of Sena-
tor Sherman, and Speaker Blaine. At
the Senatorial conference, the advisa-
bility of signing manifesto indicative
of tho financial views of the persons
present was discussed. The chief ar
gument was that the message did not
represent the views Of the Republican
party upon the subject matter of the
veto, but the views of the President
alone on that question. Some advised
that definite action should be deferred
for few days. Others urged imrnedi-
ate action. The Senatorial conference
decided to draw up
AN ADDRESS TO THE COUNTRY,
and appointed Senators Morton, Car
penter, Logan, Ferry, of Michigan, and
West, to draft it. The instructions to
the committee are to contrast the mes
sage of Dec. with the veto message
with reference TO the finance recomen-
dations, and no attempt to show the al
legged Inconsistency of thetwo positions
of the President The Committee are
to endeavor to show that the December
message recommends imitation. at least
S156, 100000. During the Senatorial
conference a request was received from
some of the leading expansionists of
the House, asking permission to sign
such a memorial The Conference
agreed to this request.
The other conference was called to
consider the feasibility of the passage
of free banking bill, with a redemp-
ton clause. The conclusions were that
such plan is feasible. Senator Sher-
man, who has returned, believes some
measure can be devised which will be
agreeable to both sections.
MoRToN's VIEWS.
Mr.. Morton conversed quite freely
VIII " lut lululO
of the infiationists. His statements
were doubtless based upon what trans
pired tonight. He says that there
viii be very full discussion of the veto
IN Congress by the inhationists, but he
repudiates the assumption that there
will be anything bitter or acrimonious
said on their side Of the question re-
garding the Presidents action. In
deed, he says, with refreshing GOODNESS,
that he has not heard anyone speak of
the subject who was at all inclined to
criticise the President harshly. He
complains that there are two or three
Senators who are disposed to avail
themselves of the opportunity to as
sumo to be the Presidents particular,
chosen companions, but he has not
much idea that they will distinguish
themselves, as no one will attack him.
THE DEBATE ON THE VETO,
he assumes, will be of considerable
length, and viii result in correcting a
great many false impressions regard
ing the vetoed measure in the minds of
the people; for these false impressions
the Senator charges the press as being
saying that the newspa-
pers have almost uniformly, and most
grossly, misrepresented it. Further
more, it is evident, he asserts, that the
President himself did net comprehend
the bill, and was moved to his veto by
a misapprehensiOn of Its tone, scope,
and effect. A measure Will yet be
agreed upon which Will be
ACCEPTABLE To ALL PARTIES,
except the ultra contractionists. He
thinks possibly it may be such a mea-
sure as, it was telegraphed you last
night, the President had intimated to
Gen. Garfield he would be willing to
sign. The Senator says he does not
stake all on greenbacks; he is not ire
vocably pledged against free banking;
he wants more money, and would rath-
er have it IN greenbacks; but, failing
to get them, he will take National
Bank notes rather than do with no in
crease at all. In conclusion. Mr.. Nor
ton asserts that the overwhelming SEN
timent Of the:peopleis unmistakably for
more money, and declares that, if de-
feated here, he and his fellow initiation
lists, Will take the stump and fight it
out before the masses. 1t is quite evil
dent that the infationists
ARE BEGINNING To COOL OFF.
Tremendous threats are no longer
heard from the cheap and loud little
statesmen who were yesterday and
so terrible in their wordy
WI ath. They still talk somewhat val
orously, but it is only to let themselves
down by degrees. They are evidently
much astonished at learning the recep-
ton given by the people to the veto.
They really had deluded themselves,
it appears, into the belief that the
PEOPLE WERE WILD
for an ocean of irredeemable papercur-
rency, but they are beginning to see
their mistake. They will, for consist
eney's sake, fight manfully for meas
ure that shall be as nearly out-and-out |
as they can hope to secure,
but they have plainly lost faith intheir
own judgment of the popular feeling,
and viii be glad, after some show of re-
sistance, to accept any compromise |
that Will leave them any wind |
at all in their bellows.