, 1874-05-15
WASHINGTON.
Passage Of the Finance
Bill in the Senate.
Greenbaok Redemption Re-
duced to 25 Per Cent,
Time Fixed for Specie Resump.
tion, July /, 1878.
Interest on Redemption Bonds Re-
duccd to / l-2 Per Cent.
Testimony Of the Expert En-
gineer Before the Dis
trict Committee.
Much Fraudulent Measurements cmd
Many Fraudulent Charges.
Passage OF the Deficiency Appropriation
Bill in tho House.
Interest on Redemption Bonds Re-
duccd to 1 l-2 Per Cent,
Much Fraudulent Measurements end
Many Fraudulent Charges.
Passage OF the Deficiency Appropriation
Bill in tho House.
THE FINANCES,
Special Dispatch 10 Tho ch,cago T1rt1unA

THE FINANCES,
Special D4spatch 10 Tho ch,cago Tribune
THE sTnudaLE Oven eAEnsiAx's BILL.
WASHINGTON, D. C., May 14.-A:ter llotly.
contested battle Of fve hours' duratIon. tLo
Senate to-day finished Its consideration Of tho
Finance bill. It is doubtful whether tho result
pleaseH any one aa modified by the Wight
amendment. The bill is declared by Senator sher-
man to be shorn Of all ira vital forcos, and
the character changed soas to DO unrecogniznblo.
Instead Of making provision for future rcsump-
ton, the BILL In fts present shape, pro yidcs for
permanent depreciation. Tia intlationists ral-
lied In full strength this mo rniug, and tho no
dcnt OF victory from the veiy beginning Of tho
light. Morton gave directions to his Lieutenant
through hlH new Chief-of-6taff, Terry, who was
ever active and on tho alert.
LOGAN WAS VERY QUIET
leaving Lis place. Wight. to whom had been been
assigned the duty Of loading tho advance, per-
formed his work right ga!antly. Mcrrlmon, al-
ways imnracticable, was allowed to play the part
Of euoril'a, character he ie veil qualified by
nature to ill Allison did fair duty on tho
skianaish llae. and the rank and tilo wore always
In their places.
Sherman commanded on the other side, re-
eelvtng support from Conkling, Edfnun.ts. WASH
burn, Thurman, Boutwell,, and Buckingham.
Tho great difficulty the gallant Sherman had to
contend against, however, was superior numbers.
Had the contest been bI1llns against brains, be
would have
LAID HIS ENEMY OUT COLD
and still At the first encounter. At ono period
Ing In tho advance, almost preached Llle ene-
mp's works; he had captured and brought into
camp one Of Morton's mon, Bogy, and for
Minute OF two everything LOOKED bright for
glorious victory. At thus instant, however,
Howe. who had baon shnk,ng all along
was discovered signaling Morton, and, notwith-
standing orery effort was made to induco him to
como back, he ingloriously deserted them.
Chandler, ono OF Sherman's stnunchest hup-
porters, failed to come to the front. He had
gone bnck for supplies, and by tho tirue hs ra-
turned to tho batte-Aed
TIE DAY WAS LOST.
1t III unnecessary to 20 Into the details Of the
engagement; eulfire it to say tho winners are
nut jnplaut over their victory, aud tho de-
feateo party have reRson to be proud Of tho
atand theY made agninst the superior numbers
Of their opponents. 1t IL impossible tonight to
predict tho fate Of the bill in tile House, but the
imitation Senators protond to Bav that they aes
assured the President will not yoto the measure
il 1t passes both Housos.
Ito tbs Associated Prtss.t
DISTRIBUTION OF THE CURRENCY.
WASHINGTON, May 12-Ihe Secretary of tho
Treasury Hept to tho House of REPRESENTATIVES
to-day . comp1ehonslye report from tho Comp
trollor OF the Currency, Ia ieply to r. Merriam's
resolution. It appears from ttlB report that the
circulation has been distributed among GIL banla,
in 80 dihle1e ent stasos, s1s0'0 600 of which have
July, 1870, and &ss, ,u06,000 to banks orgauizod
b1nce that time. The whole nnmbcr Of applicants
received for tho organization Of Natiouat BaukB
is go, representing about $40 0o0 u00 Of capital
or those applications ITO, representing sl2000,-
600 culital, were granted, but tho applicants
Cnnn1atn1 THAR 1fz Atitru 1fiu,&r-