New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-12-07
WASHINGTON.
Continued from First PAGE.

| in conclusion, land that is to avoid
the recoii of next year. The victory, like grand
emotion, may be temporary. There is time for all
things and for all emergencies. Even revolution.
pestilence, sScide and murder, have their cycles.
Political revolutions, like that of this year, result
from causes which underie ordinary observation. To
observe them rightly ought to have the reason
| ing of Buckle and the prescience of an Isaiah.
| Who can tell how the victory Will
! prove TO be ashes by the same law
| of political and social ethics which would make it
fruitful. Honesty at the root of the tree hon
esty only will keep its leaves green and make it
fructify, and that in abundance. Organize the
House on a bad or foolish basis, disgust the people
with the same shows and shams of the past few
years, and we fall dead, and our damnation Will
have no friendly hand at the resurrection. Excuse
that language" said Mr.. Cox. bowling u forgot it
was Sunday, but one who is interviewed ought to
be allowed to swear little
THE INITIATION QUESTION IN THE WEST
SENATOR FERRY OF THE OPINION THAT TIE INFLA-
TON SENTIMENT Is STRONGER ~ MICHIGAN
THAN EVER BEFORE-A DULL WINTER IN BUsI-
NESS PREDICTED - SENATOR CHANDELIERS RE-
ELECTION THOUGHT To DE PROBABLE.
[BY TELEGRAPH TO THE TRIBUNE
WASHINGTON. Dec. Ex-senator Ferry of Michigan
active and influential of the inhationsts in the
Senate and reports the interest of the people Of his
State increased volume Of the currency greater
than II ever has been before He has had an Oppor-
tunitY during the Fall Of seeing many of the people
of Michigan; and although the currency question
was not discussed by the Republican speakers, he
had been able to acquaint himself fully with the
tone of public sentiment. " 1t is stronger even than
supposed it would be- he said. When asked what
he thought of the operation Of the now Currency
act he said that 1T was a. satisfactory could
have been expected. % II was not what
we wanted, as yOu know he remarked,
THE veto prevented that; but / understand
that even the bankers pleased with it, especially
with the redemption part. which is eliminating from
the circulation the filthy and mutilated notes vi
course comparatively few new banks have been or
ganized but that is not surprising Ii requires that
bonds and capital must be at hand TO procure them
Then the times very hard. think business VIII
be duller this Winter than it was last even ana
there is little hope of revival before Spring
"D1 you think that an expansion Of the currency
would bring reefw he was asked. Certainly"
was the reply. d" 1t would make money plen'y
throughout the country, and that Is Just what Is
needed now There is plenty of money Ill New-l ok.
but you can't get at it unless you have the bonds
They won't lend 1t on collateral except call aud
that kind of loans do not help business men, Bat
suppose the amount of currency was increased;
would it not all 60 u New-Yprk. rs now z
81 don't think il would he said. "How about
Senator Chandler Will he be reelected 4"
think So though it il imposs bic to say positively
His friends think that he will be able to carry the
Republican caucus, and If he does think he VIII be
elected. II few Republicans should refuse to vote
for him. | have no doubt that enough Democrats
who would prefer him to any other lie }uplcA"
would come to his rescue" If the people Of Mchi-
gan are so generally in favor of expansion aS you
say they are, how does 1t happen that al advocate
of hard money like Chandler can be electcdf He
has not changed his opinions on that subject las
lie % was the next question. "Oh. the issue was
not made" was the reply. "Il it had been. we
could have beaten him easily as not. Besides
suspect that Mr. Chandler himself would agree TO
free banking now He must see by this time hat II
is the monopoly feature of banking system that
makes it SO ObnOxious'
Ills fair TO remark here that Senator Chambers
opponents assert very positively their ability u peat
him. is there prospect OF any financial ieHiaia-
ton this WInterP' THAT can't say. nave seen
very few ,uators ormemhers and don't know what
is proposed 10 do" have an IMPRESSION, remarked
tho correspondents that the Senators and repre-
sentatives from some Of the North-N estern safes
will be less anxious for expansion this Winter than
last. They have found that the people don't sustain
Them (Which States :" asked the Senate Il
was thinking particularly of Minnesota and Nl'coh-
sin. which visited in the Summer" well ro-
marked Mr.. Ferry, /" it NAV be true of Minnesota
tboueh know nothing about it except what heard
from MI Window, and / saw him early IN the
season. With regard to Wisconsin, THINK YOU
must be mistaken. was in Milwaukee lately anu
talked with Senator Carpenter about II. lie Sal"
flat eaIy in the season 1t really looAsI a'
,borol he was not 10 be sustained in his action on
the currency question but later there seemed TO Dc
o change of sentiment and he had no doubt tnit d
large majority of the people were with HIM Mr'
Ferry would not be surprised if the transportation
question occupied a great deal of the time OF Con-
eress during the coming session, and saws that 'no
neople of Michigan are in favor OF moderate
measures for the solution of this great problem