The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-03-16

WASHINGTON, March Is, 1874
The Financial Question As IL Now
Estands-rhe Prospect OF an Enact
ment Authorizing Free Banking.
The consideration OF the finance question will be
resumed In the Senate on Tuesday, TO which day It
adjourned. The strength OF the expansionistsu has
received some accessons and it is believed that
they have lost but one which argues the
passage OF some measure providing more
money for circulation. 1t will not take
the shape contemplated by Senator Nor
toms amendment, providing for the In
crease OF sac, 1000, which has been SO per-
sistenty argued pro and con. 1t may be that the
free banking measure will provide the remedy now
sought as against the alleged monopoly OF the
present national banks and the evident prefer
ences and exactions OF the accumulated capital
representatives, who do not want the market sup
piled with any other sources OF money accommo-
dation which will impair, as is claimed,
their exclusive control Of financial oper-
atoms through which they will be able to
make, as they can now, any terms deemed accept
able TO them In loaning to the West and South.
Free banking Is reported tonight, from the high
Authority OF Senator who has battled for it
among other measures Of relief to have largely
gained In favor among Senators heretofore opposed
to 10. and confident belief prevails that the ad-
vocacy OF the measure Will prove very formidable
and stand a lair chance, with other measures pro-
posed, OF final passage. 1t is said that a
Dill may pass providing Tor this
assistance without restrictions as 10
the West and South. significant fact in cOnnec-
ton with the finance question transpired when
Senator Dorsey, OF Arkansas, was making arrange
ments TO pair with Senator Conkling. The latter
who is TO be absent from the Senate for about two
weeks to argue some important law cases. de-
IN IN IF fraa
although he has been opposed, heretofore, in toto
10 that side OF the Senate which has up to
this time argued In favor OF that manner
OF solving the problem Of the finances. II
this Tree banking question Is pressed in the
Senate II may be that senator Merrimon's propo.
sitlon may have to be taken out OF the way
General Logan will speak next the finances,
and Will be answered by Senators Sherman or
Schurz and then senator Morton will follow, TAX
ing about an nOur In the delivery Of his speech
A vote by Friday Is calculated upon by the best
informed, when the whole question will be dis.
posed OF in the Senate and then will 60 TO the
House Tor concurrence.
Rebukc tn an Informer.
Colonel John Z. Michener has been restored to
his position In the Dead Letter ONCE OF the Post
once Department. Some time ago he was removed
on the representation OF department special
agent, who impugned his honesty. The investiga.
tion OF the Grand Jury showed he had done nothing
whatever rendering him amenable to law. His
restoration by the Postmaster General is intended
as rebuke to the agent and an act OF Justice to
faithful officer unjustly accused OF crime.
Condition OF General Dent and MIR. Sar.
gent.
The condition OF General Dent and Mr. Sargent
Is unchanged at one O'Clock A. M. Both are still
seriously III, with hope OF recovery, and de ath
probable within three days.