The New York herald., 1874-12-23
WASHINGTON.
The Financial Feat Of the Republl-
can Senator's.
BITTERNESS IN CAUCUS.
Souihern Affairs Cause Of DiSSensiOn Among
the Party Leaders.
FROM our SPECIAL CORRESPONDENT.

WASHINGTON. Dec. %, 1874.
THE RUSH OF THE FINANCE BIIL THROUGH TIE
SENATE.
The republican Finance OIL was pushed through
tne senate oy a steady and determined party I'M
pulse to-day with very little consideration or de-
bate. senators Bayard and Scnurz asked many
troublesome questions about 1t. but Mr. sherman
did not explain. he very luminonsly and plainly
gave the Senate TO understand that II was 70 De
passed and no, discussed. Its main and only ad-
vantage Is thought TO oe that u sets
time for resumption. and TOT tue hrst titne
openly and squarely recognizes the iact
tnat resumption OF specie payments is desirable
and possible. This was the ground on which
numper Of Senators finally voted FOR 1t. The inna-
1ionists claim t a. a virtual imitation bill, because
IL apparently allows Tree banking and does not
allow the Secretary OF the Treasury 70 reduce the
volume OF legal tenders below $500. ooo, 900,
which amount he Is to resume four years from
now. But the contractionists reply tnat no pru-
dent bankers will take our bank notes under this
bill, because the volume OF legal tender Is or may
be reduced The BILL 1t Is thought by many
persons, depends much on the opinion and policy
OF whoever may be Secre tary OF the Treasury. ana
members say tnat IL this officer was an innatonist
he coud easily administer it in the interest OF IN
Nation. The bill will not come up in the House
TIL afrer the holidays. At present II meets with
very cold reception.
Mr.. Kelly is understood to be bitterly opposed TO
IT. Mr.. Merriam, the advocate OF ree banking, Is
also against IT. Freeman Clarke thinks 1t wild
scheme, which would lead the country into bank
ruptcy. Others speak OF it weak compromise
10 easure.
BITTERNESS IN THE REPUBLICAN CAUCUS OVER
SOUTHERN AFFAIRS.
Meantime the senate caucus which Is called
once more for hafpast ten tomorrow, will try TO
agree on policy IN regard TO the Southern States,
and II is thought 1t will try in vain. There IS
disposition among the more courageous Senators
10 throw the Southern states overheard; but, as
the Southern Senators take an active part in the
caucus, they make bitter struggle against
every suggestion IN this direction, and this
evening 1t ls probable that they will prevail.
They know that without threatened or active
federal interference Ia their States they would
very quickly disappear from puoic life.
and they do not mean to give up II they can help
II. tits probable that the Southern senators have
already made their bargains and supported the
Finance bill IN consideration OF being themselves
supported in turn. lew senators, however, prl-
vateiy threaten that they will, IL possible, carry
over the heads OF the Southern men a measure to
cast OF the Southern States entirely and leave
them to govern themselves, and that II necessary
they would appeal TO democratic support for such
= measure OF home rule. But these sentiments
not very boldly expressed.
CHANGE OF VENUE IN THE PACIFIC MALL
INQUIRY.
The subcommittee OF the Ways and Means viii
go 70 New York to- morrow night to continue the
Pacific Man investga ion there and 1t Is said here
that they will ask some oil the New YORK editors
put them on the track OF information ana wit
nesses. The committee are evidently IN earnest
mean TO go the bottom OF the affair." II 1t has
any bottom.