New-York tribune., 1874-06-01
FINANCIAL COMPROMISES.

THE CONFERENCE COMMITTEE AT woRK-PosiTIoN
OF THE REPRESENTATIVES OF EACH HOUSE
ALLEGED UNPARIIAMENTARY ACTION IN THE
APPOINTMENT OF THE SENATE >CoMMITTEEs-
PROBABLE PROVISIONS OF TILE NEW BILL.
IBY TELEGRAPH THE TRIBUNE.l
WASHINGTON May 31.-The Conference Commit
tee on the Currency bills held meeting yesterday
but reached no conclusion. 1t is believed, however,
that they will perfect some kind Of bill at their
meeting tomorrow, or Tuesday. and that both
Houses will agree to it. The most difficult question
TO settle is how great percentage of the amount of
new bank notes issued under the proposed bill shall
the greenbacks to be retired form. An impression
prevails that if it less than 33 40 the President
will veto the BILL and it is therefore probable that
it will be fixed at one of these rates. The Senate
conferees will probably insist that the provision of
their bill requiring bank reserves to be kept at
home shall be retained in the compromise bill.
Mr. Carpenters appointment of Senator Sherman
as a member of the Conference Committee has been
very severely criticised during the past two days.
There may be said to be three parties in the Senate
the honest currency party the inatonists, and the
compromise party. The latter comprises only three
or four zen, of whom Senator Sherman is one. The
ina9nists have clear majority of five or six. and
were therefore entitled to majority of the Commit
tee and as that consisted Of only three members it
was necessary to give them two-thirds of it. The 30
posed to any compromise ought, by all the rules and
usaees of the Senate, to have had the other
member appointed from their ranks, But Mr.. Car
penter displaying that spirit of tyranny and unfair
ness that has marked the action OF the majority
throughout the discussion of this question, passed
over the large minority and took for the third man
one who represents only himself and two or three
others in being willing to compromise. The honest
currency party was clearly entitled to have upon
this Conference Committee the very strongest Sem
ator IN its ranks.
1t is now believed that the Conference COMMITTEE
will frame bill that will be like neither the Senate
nor the House bill or anywhere between them, as
they are in some measure bound to do by usage but
which will be nearly identical with the compromise
measure reported by the Banking and Currency
Committee last week and rejected by the House.
THE DISTRICT INVESTIGATION.
CITIZENS OF THE DISTRICT REJOICING OVER THE
PROSPECTIVE OVERTHROW OF THE RING-NA-
TURH oF IT'S TYRANNY-EFFoKTs TO SECURE A
wHITEwAsHISG REPORT FROM THE COMMITTEE
'uF INvEsIiairr6S.
IBY TELEGRAPH TO TIE TRIHUTnI
WASHINGTON, May 3l.-Now that the power OF the
District Ring is broken and its utter destruction
certain hundreds of citizens who have heretofore
been too timid to speak their sentiments openly
are taking occasion to thank the memor1alists, VINO
have borne the brunt Of the battle, and to assure
them of their sympathy and cooperation No one
not citizen of Washington at all appreciate the
tyranny of the Board of Public Works during the
past three years. writer in Forneys Sunday
Chronicle of to-day says
"There s no part Of mankind so sensitive az the one
leading 10 pocket Human nature be tickled and
kept good humor by almost anything that attractive
and pleasant the eye as long II costs nothing But
when Of this kind become OF public expense
its whole character changes The entertainer changes
his role from the host the servant and his guests by
right become his judges This OF the mis- takes
Of the Board OF Public Works. and the great illusion
they sbored unoer that the people had no rights that
lhey In any bound to respect that criti-
csIn and council. IL matters not how honestly and kindly
administered no part OF theirs 10 exercise-such
thing as this treason and In nowse 10 be tolerated.
unless at the risk Of persecution. This Thing was not
confined TO citizens Of this District but far
QuesLoA &c 49,. Vi Ins-4.Sl vi Congress " iu4d..e