The New York herald., 1874-06-15
WASHING on.
The lnilationists Despondent
Over Their Defeat.
SATISFACTION OF SOUTHERN DEMOCRATS
REMAINING WORK FOR CONGRESS.

WASHINGTON, June IA, 1873
The Enect OF the Defeat OF the ssCom-
Promise'' Finance BlI-The Innation-
lists Gloomy and Disheartcned-Wha
Will the Future Bring Forth:
The effect OF the defeat suffered by the Confer.
ence bill has been more apparent to-day the &C.
tion OF Senators, and in their expressions Of con-
Germ as to what Will come next. The causes which
influenced the action OF the House are by some
attributed 70 the fact that IL was
industriously reported that the Presi-
dent would veto the bill, and the
republican members did not wish further to incur
his dspleasure, asit might AFFECT them in their pat
ronage, and, par CONSEQUENCE, IN coming elections
in which they are Interested. The democrats
voted solidly against 1t, because they don't wish
the greenbacks to be retired and the cause OF the
national banks to prosper. to which they
are violently opposed, because they are
regarded as republican institutions. Sem
ator Morton expressed himself freely as having
done the utmost to effect some adjustment
OF the financial question. He says no further re.
sponsibility rests with him. and hence far as
the action OF the newly appointed conference COM
mtttee Is concerned, he is quite Indifferent as to
what they may seek to accomplish II any
thing be possible. The redistribution OF
the currency, as suggested by Senator
Sherman, will not give the satisfaction demanded
nor be an agent of general good. For the balance
OF the session. whether the Senate works hard or
not, anG especially at night, he Is inclined, now
that his duty has been performed, to feel that he
Is not called upon to further exhaust himself in
legislative excitement, having already quite over
tasked himself. On reference being made to Sena-
tor Logan leaving here tonight In order to attend
the Illinois State Convention he did not say much
but there was very merry and meaning twinkle
In his eye when the ausion was made which. to
those who know him well, means much and more
than 1t is desired to say In words. He Is
particularly annoyed with the report OF his
beng about to organize new party, and says
that he shall be still found entirely in the
republican party and performing the duties of his
mission within Its ranks. The party Is in no
danger OF being rendered superservceable. This Is
about the substance OF his views, expressed in
much more easy and self-satisfed manner than Is
his usual wont, and alter his most positive ex-
pressions he whistled lively operate air, remark
ing that a band which was just then return
ing from the laying OF the corner
stone OF new colored Catholic church
did not play very good music. Senator Merrihon
also maniiests very great indifference as to what
shall be done, and Senator McCreery, OF Kentucky
is indignant in the extreme, because OF the coa-
tion of the contractionst democrats with the con-
tractionist republicans in the House, and he
very pithily remarked that he did not
see any hope OF the country being re.
lieved from It's present distress. No one,
however, contemplates the situation with pleasure
of grathcation. DR.. Lindermann, the Director Of
the Mints-~who has just returned from Philadel-
phta, reports that the news of the action OF the
House on the conference was received with q
great deal Of surprise. He says that great
many rolling mills factories ana furnaces Will be
obliged to stop, and that there Will be great EN-.
barrassment among the industries II nothing more
will be done with the finances than has already
been the case. 1t has been suggested that the
new phase OF the finance question would be the
means Of keeping Congress in session beyond
the time fixed for adjournment besides the
cool weather and the conviction expressed
by many members OF Congress that some-
thing should be done with the large num-
ber OF private bills winch have gone over
from year to year after having been reported
favorably by committees, may incite them IN a
spirit OF industry and justice to hold over
until the 1st OF July and do some OF this
business which they conscientiously feel has
been so long neglected to the injustice
and oppression OF many worthy claimants. In
this connection, "Od Probabilities" has stated
to-day that the present cool weather would last
until the middle OF July, which is one agency
gress the despatch OF the private bills. II this
should prove to be so, much more needed legislation
may be accomplished than would otherwise be the
case.
Southern Democratic Gratulation at
Republican Financial Discontinue.
The Southern democratic Senators agree that
the senate Finance Committee is in an unenvt-
able position, having been defeated on all sides.
Overslaughed by the Senate, their plans have
been repudared by the House and the President
More particularly has the line or policy advocated
this ana last year by MIR. sherman chairman OF
the committee, utterly failed and been even re-
pudated by the country The republican party,
at the close of the war, promised the country spe
Gle payments and thus far has not taken single
step in tnat direction. The responsibility Tor the
present distressed condition OF the country and
ior the depreciation OF the currency must rest
upon that party Tor failing to comply with the self
imposed obligations OF their conventions.
The Last Week OF the Session-Status OF
Business in Congress-Appropriatio tion
Bills Passed-Progress of other Mca-
sures.
Hundreds OF visitors are now here on business
with Congress, interested either In public mea-
sures or in bills for the relief of individuals They
are daily to be found at the doors OF the two
Houses and In the ante-rooms. Members are all
the time being called out in response to their
cards, while not few receive lmportunate visitors
ct their residences
Owing to the approach OF the end OF the session
the standing committees viii be no further called
upon for reports. The committees on appropria-
tions and OF Ways and Means can report for REFER
ence but suspension OF the rules is necessary for
action on their bills. The Committee on Printing
and Enrolled Bills are privileged to report at any
time, as are also mmittees of conference.
The following general appropriation bills have
become laws:-The Army, the Navy, the Fortinca-
ton, the Military Academy and the Consular and
Diplomatic. The Legislative, Executive and Ju-
dicial BILL the Indian bill, the Deficiency bill and
the Pension bill are either IN conference or arc
pending on amendments. They could all be dis