, 1874-04-02
WASHINGTON.
The Currency Debate in the
Senate Yesterday,
The observation-disclosures Receive
a Slight Setback.
Gov. Shepherd lnvolVod In the Dis
trict Investigation.
A Witness Swears that He Was
Interested in a Certain
Paving Contract.
Ex-senator sawyor's Testimony In
tho Sanb0rn Case.
April Statement Of the Public
Debt.
Decrease During the Month Of March,
$2,189.33B.
Ex-senator saWyor's Testimony In
tho Sanb0rn Case.
April Statement" Of the Public
Debt.
Decrease During The Month OF March,
$2,189,338.

THE MONEY
6p9ctai Dispatch Ia 7Ae Chicago Tribune.
DEBATE IN THE 1fousE.
WASHINGTON, D. g., April 1.-Tho financial
question again came up i'll the House to-day. It
wae worry ably discussed by Phelps. of Now Jer-
soy, and Hawlcy, Of Connecticut, in
OPPOSITION no INITIATION.
These speeches: attracted q good audience WHO
listened with evidont great interest. It was
thought fow daya ago that vote would bo
reached today, but now 1t Is said that It will bo
Delayed till the Senate havo acted, md no man
can tell where 1t will end. Orea,ner, of New
York, attempted to suggest q practical plan to-
dny, Whom ho said 1t would DO rs we'll to proceed
ut once to vote, and allow gontlomon to print
their speeches; but he WAS sunmarily frownod
down. The proposition is based on
GOOD COMMON sEsaE.
These speeches will not change vote; thoy are
not mado in tho hopo Of changing votos, but for
tioneering documents. This being tic caso there
soe1ns to bo no necessity for taking up tho timo
Of tho House with their delivery. 11e intla-
tionists arc III very good.spirts of late.
IN THE SENATE.
Another day has been spent in the Senate on
bAC HAIRk4OA " LILO AAkAEtc1 &AA III VIZ tlluo VI
adjournment this afternoon thoro wus apparent
II less disposition to make hasto to reach tl,e
flnal vote on the pending bill than wns exhibited
ut tho close Of yesterdny's session, whom thoro
appeared to 10 disposition on the part Of many
Senators to dispose Of tho measure, even If it
required m all-night session to cut oil, by sheer
physical exhaustion, the debate which seorns to
bo almost intcrminanlo. but there is evidently n
majority Of tho Senate who arc opposed to lasty
action, and who feo1 that each day consumed III
m n la
bora to pay moro attention to tho subject, in
fact, elucateE them up to q point at which they
ought at least to DO able to vote intolligontly.
THE LEADING 1NF1AT1oNIsTs,
have done no al al 's in tiieir lei pow; power -Ato to
out off debate, for they aro certainly aware
of the fact that thcir strength is rapidly de-
creasng; and TINT each day the probability Of
thoir ultimate defeat becomes stronger. It iB q
sonators who, but for expressed or tacit in
structions from tho Legislatures Of their re-
rnoctvo States, would vote agaiust the proposed
LApaneion of the currency and it ia these about
whom tho inilatonists entertain serious miygiv-
and net upon their own responsibility and It Is
the fear tint they may do so that CAUSES tribua-
tion in tho minds Of tho di1Rtors. To-day's sos-
sion was therefore q worry trying ono to the Nor
ton; Logan, and Forry party.
THEIR FIRST REVERSE
was mot whom they tried to amend tho third seo-
ton Of the Finance Committeo's bill, which pro-
vidcs for oe-banking. by tho Comn,ittee'a
bill, tho apportionment Of Natfonal-Bank. .ciroun-
ton to each Of the states according to wealth
standing in New York State. The iuiiatlonists
wanted to base tho apportionmont on tho clrou-
lation Of Maine, and finally compromised Oh
Ponnsylvania's circulation as basis. Accord
ing to Senator Shorman's showing, tho circu-
lation, If founded OIL tho basis OF Now York, as
proposed in tho Committoo's bill. would be S1l0,-
000,090; If based on tho circulation Of Maino, it
would be oyer $269, 900 900 aud, if based on
PonnBylvania,s circulation. it would amount to
more than s11o, 600. 600. The proposed amend
which caused no little chagrin to tho expansion
lists, who 1ealizod the fact TINT their lines
Ind been brokon through. 1t was tile first
proposition offered by ono OF their number that
had boon voted down.
TILE NEXT VOTE
was on an amendment, offered by Mr.. Morrill,,
Of Vermont, to limit tile circulation Of fractional
currency to 10000, 900. This WAS rejected, tho
intlaaonists voting solidly against, and being
reinforced by. Cooper, of Tonuossco. and Davis,
During tho discussion on Morrill's amoud-
meut
THE NEW SENATOR FROM NEVADA,
Afr. JoneH, arose merely to make suggestion
discussion of tho question Of flnancca. It was
his maiden speech in tho Senate, aud, to those
who wore not acquainted with him, lis ease Of
manner, iuonccy Of Language, and his evident
thorough understanding Of tho subject woro
81 surprising: ne addressed tho Senate
every nlombor Of that body in unli-
vided aud respectful attention. Ho was
allowed to exceed the ten minutes, and to 20 OIL
for more than hnlf al hour, during which he do
sound argument against inflation, and in favor
Of specie-rcsunption, has not boon exceeded in
Congress this session. He had an opportunity
to exhibit Ills quick mud effective ropartee whom
. question was put to him by Senator Morton.
in California and Noyadn was iltonded to put
the laugh on Mr. Jones, but tho reply came 30
quick, and WAS so appropriate, TINT it completely
sllcnced tho Indiana Senator, and excited bois.
terons and prolonged laughter, and good round
md reverend Senators joining in the domonstra-
ton with gusto. At tho conclusion Of his
speech, Mr. Jones Was heartily congratulated by
Seuatora Morrill,, Of Vermont, Sohurzt Conkling,
FrelinGluysen, gTh1rmnn, Chandler, Howe. and
othars.
SENATOR aAnaEHra PROTEST.
During the day Senator Sargent took oecaBton
to onter an energetic protest aganst tho s.a-
sumption Of tho intlnt0nBts TINT they wero in
tho minority. Ho said they lind evory ono Of
absentooh pairod with Senators on tho othor
side, and oyon then only Ind what appeared to
be majority; while, on tho other hand, those
who were opposed to inaation wore only put In
the minority booause OF tue fnct TINT tic Btato
Of massachusetts waB cntiroty unroprosentod III
the Sonate-one of hor Senators being dead, aud
tho other being sick at hiH house, and not
pairod, ~ ho ought to bo.
THE DISTRICT INVESTIGATION,
Specfat Dtaua&eh to The Chicapo Tribune.
GOV. SHEPHERD INVOLVED.
WASHINGTON, April 1.-Iho testimony Of Mr.
T. T. Fowler, giyon before tie District Inyeati-
eating Committee this afternoon, awakened
decided interoat in the proceedings, md, not
thutnp H1u \ .t,I Ill