New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-02-18
yoL. XXXID.....N o'l0,S59'
WASHINGTON.

THE DEBATE ON THE CURRENCl go CO., WITT,
THE SENATE AGAIN BROUGHT FAo@ p. CTR pRoRAnIE
TIIE.INFL.ATToN IsSUb-A DA'''
MApAY OR TWO.
Iny TELEGRAPH TO THE Tribune
-, Eob 1.-THE result OF to-days
II an the currency question IN tue 0on"'o w.
,ho oferino of Instructions TO De give" "
~, ,,o Committee. should the Senate conciu"o
'"' tha handing bill for their further COLI
.~,:. The first of these Instructions was
sh- AZ, Merrimon. and was to the effect that
Co.,,i,,oe shonld report bill for an apsoiu'e
. .'O of s.s0ooOOO of National bank currency
~ c.. ,oovod "a amend these instructions ny
Ia, tho re1emption Of greenbacks IN goid Oh
s~,nros, hoorinp bonds. These amendments Dring
a. So,ote once moro face TO face WIN Iho iii
80 question whether there shall be an increase
~ the currency or not. and make uiec. 'o'o 'i"'
will give to the country some lnue".i'n y, Wy
TANNER of The Senate probable WITHIN lew u"S'
Tbo ;naationists have become more oon"uerr VI
suceess since last Friday than they nave
boon and some of their leaders, ike MI + cry Vi
Michigan and Mr. Logan are anxious tna' INC ~
which shall disclose how the Senate s'ahuS Sn"n "
taken at once. o.o,
The Senate may be divided on the basis OF seVefai
nronositious. careful canvass was made TO-DAY,
PvoN'"'N~-N
stand in full Senate on the question, shall tneio
no an increase in the volume of paper money, WIN,
ont regard 70 its character; that is, whether IL sha
ho local notes ar bank circulation " Iheresult was
.bot leaving ont of the canvass the names Oh tree
Snator whose probable action is so doubtful as 10
alo II iDpossibe TO count them on either side, the
Sonate would stand Against expansion OF any klhu'
sO. for expansion Of some kind, SO. In tue ~ were
counted two or three Senators who may
favor free banking if it Is accompanied
with some provision for the reaehpIioh
of greenbacks in coin or bonds, Dut olner-
wise they will stand solidly together and op-
pose every plan that looks TO the issue OF more paper
of any kind. On the other hand, the SO expansion
sts include all who known to be IN favor OF some
kind of increase. Some of these, like MI Wright and
others who might De named are strongly opposed 10
extending what is known as the National bank mo-
nopoly, and will vote against Mr. Merrmon IS amend
ment which will probably be the first direct ques
ton on which the Senate will put itself on record
Others are opposed TO the issue of more greenbacks
and desire to see those already IN circulation retired
and their place filed by National bank notes 1t is
hardly probable thereore,th the intationists Will
poll their entire strength on the first votes that are
taken though it would not be strange if they should
make some compromise TO unite their strength after
being once or twice defeated through the division
their ranks,
While therefore a clear majority Of the Senate is
probably in favor of increase in the paper cur
rcncy of the country, that majority is so small and
30 likely to be cut down destroyed by the absence
of Senator's OF by differences of opinion as to the
best method of securing the desired increase that
can predict with certainty the result of
the present debate.