The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-01-16

series OF severe criticisms, he said there Vas
ioosenoss in framing bills which vas inexcusasle'
There should be greater scrutiny, &c ADDED 70
protect the Post once DepartmenGfrom soe enor
nous demands made upon It. Mr.. Fenton iStro-
duced bill for the investigation of>yeiow feveS
matters BY marine hospital surgeons.
The regular business then came Vp onsthe nnan-
cial discussion. Morton, In = caustic manner.
proceeded to reply TO schurz's strtc-
lures and theories OF yesterday, ana went
over the case pretty roughly. handling
Schurz's book nonsense, and saying that he looked
at the question from practical standpoint and at
things as he found them. Some, he said, would
descend from Erie to Ontario, by way OF Niagara,
by which he illustrated the logic OF contraction,
while any sensible sailor would discreetiy go by
way OF the Welland Canal. He compared our
prosperity with that Of the tour great countries OF
Europe. viz, Austria, Russia, Germany and Italy,
which, In the decree Of progress had excelled In
the order named, and asserted that the United
States had exceled the foremost OF them; that
Schurz's ideas were book platitudes aud
metaphysics OF finance, and that he
saw behind all this assault on the course Of the
government, the old State bank system, which
he deprecated, and he showed the inconvenience
arising from the same. While the country was ad-
vancing as q country never advanced, he saw no
cause for the doleiul reflections made. and closed
with an earnest appeal to the East In behalf OF the
South and Northwest to have increased facility
given to the national bank circulation. Mr.. Howe,
of Wisconsin, the eccentric wag OF the Senate, In
PRODUCED bill to be read providing for the with
drawal OF lrredeemable bank notes from circula-
ton. Though dscursve, and sometimes labor
ing beyond his depth, he uttered some
wholesome truths on the financial system
and was in favor of plan OF returning to specie
payments without contraction or imitation. He
maintained that the government was not o capt.
talist and should maintain strict neutrality be-
tween those who demand more and those who de-
mand less. He would rather take the Judgment OF
the business men than that OF the politicians and
he closed with sharp retort upon Mr.. Ferry, OF
Michigan, saying that ne did not have nalf enough
money himself, but he would not come to Congress
to get bill for more and II he did he would have
the name OF the Senator from Michigan put in it. He
tried to get money once In another way than by
earning it, he sarcastically remarked. 1t was In
the way OF back pay and ne had failed. Mr.. Schurz
then rose to make some remarks Of personal ma
ture, saying he did not intend to do intentional in
justice to Mr.. Boutwell, by reference to his plan
the "d0nOthing pan," but in the apology he
rather aggravated than repaired the offence.
Messrs Morton and Morrill, threw some additional
light on the question as to the working
Of the finances in New York, which
they said had become the commercial
metropolis and commercial centre of the country.
Mr.. Buckingham stanch and sensible old man.
said he was afraid Of increase in the currency,
deplored the unwarranted action Of the Secretary
Of the Treasury In using the reserve, and wanted
the Senate 10 instruct the Finance Committee to
take action so as to retrace the dangerous steps
which the country had been made to take by the
Secretary Of the Treasury. He explained our in
debtedness as being Of two kinds, one OF bonds
and one Of legal tender notes. Although he did
not speak long, what he said was to the point
and was In favor of free banking and hard money.
And thus the solution OF the problem goes
on day by day, as Mr.. Sherman, chair
many of the Finance Committee. desires it
should, 80 that the aggregate sentiment OF
the best minds In the Senate may be obtained
to direct the committee in framing q bill to
provide for the resumption OF specie pay
ments Mr.. Sherman gave notice to-day that he
would make some remarks before the vote was
taken, and 1t is expected that Fent0n, who is well
posted on finance, will make an able speech which
also may be expected OF Boutwell,, who is regarded
as such an excellent authority and to have gained
SO much financial routine experience while he wal
Secretary OF the Treasury. Thus far the Senate, al
It's voice has been heard, may be set down a.
against tho House policy or innation; but the West
and South must and will be heard. and in the con.
nict, the East will undoubtedly appear as the
weaker contestant.
Efforts to Save Judge Durell Before the
Judiciary Committee.
Every EFFORT will be made by the friends OF Judge
Durel TO save him before the Judiciary Committee
The report OF the investigation made by Messrs
Wilson ana Eldridge will not be ready for several
weeks. 1t was thorough and impartial, but +. will
never do to mpeach the plant tool OF the admins
tration in the louisiana d11culty, for that would
be q thousand times worse than all the evidence In
the rebel archives against the loyal supporters Of
the republican party. 1t is not the duty OF the
subcommittee to express an opinion. That the
Judiciary Committee will be called upon to do from
the evidence presented. 1t is understood, how
ever that the conduct OF Judge Durell has been SC
bad as to make 1t impossible to save him. His
only way Of honorable egress is by resignation and
this he Will do II he find that the Judiciary Com
mittee are against him.
Passage Of the Naval Appropriation
Bill I'm the House and the HypocriticaI
Ciaptrap or Economy.
The Naval Appropriation bill passed the House
to-day in q reduced condition. The sweating pro
cess through which the Committee on Appropria-
tons put 1t reduced the aggregate amount to
about .00O about 1000 900 In excess OF the
cost OF the navy in 1862 The heavy nre Of
the opposition is supposed to have been
drawn on this bill, but the commit
tee will ind lis mistake when the
appropriation for the War Department comes up.
The democratic members of the House are not
easily deceived, and the claptrap or economy is
not regarded as at all applicable to navy as
weak as our own. The inevitable Deficiency bill
viii come up at the next session, as it always does.
The curious spectacle Of democrats opposing a
bill because 1t does not appropriate enough, and Of
republicans supporting it as party measure and
fearful that 1t Ia too large, is not often
presented in body where the supporters OF she
administration have two-thirds majority. 1t Is
further proposed to cut down the expenses OF the
Marine Corps when the bill reaches the Senate.
This branch Of the havy is regarded as a barnace
on the hull OF the navy and can be dispensed with
In part without injury to It's efficiency. During
the debate to-day Mr.. Cox, OF New York. alluded to