The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-19
wAsHINcT ON.
The Financial Talk Still Dragging
Its Slow Length Along.
Irregularities in the De-
partment of Justice.
BUTLER'S PENSION BILL
The President on the Carpet Bag
Element in the South.


WASHINGTON, Feb. IS, 1874
The MonotonOus Monetary Debate In the
senate-The Climax Drawing Near
Uncertainty as to tho Result Of De-
cisive Vote.
The Senate took up again the much tortured
question OF finance. and were treated to q long
speech from Zach Chandler, the great war
Senator, as he was critlcisingv called to-day by
Senator Logan He argued the question in his Pc
cuary impassiOned manner and frequently, as be
hung his arms wildly in the AIR. repeating the SEN
tence ironically, 'nore money" he, with varying
sentence and effect chided the policy o. the inna-
tionists and opposed their views in toto This
great and serious question OF the day. involving
the interests Of the whole country was treated by
him, 10 q certain degree, In manner which
was regarded by the Senate as companion
picture to Flanagan's character speech OF
yesterday, in the amusement provoked by his
peculiar. gritty and slashlng manner. The anti
indationists derived great comfort from the
stanch advocacy OF "hard cash" principles in
currency which he so earnestly avowed. He was
followed by Senator Morton, who met his argu-
ments with ever ready force, and continued his
cOgent reasoning favorlng throughout increased
circulation. SO, with varying debate throughout
the day, the interest increased as the parliament
brilliancy until it became evident that the climax
was drawing near when vote could not be much
longer postponed. A few more attempts at STRAIT
egy and tactics we're made, and it was patent to
tie observer that the near approach to final set
tlemen. by vote was not regarded as palatable.
So motions were made for an executive session,
adjournment and amendments In succession,
which were unavailing, and finally the question was
called on Senator Wrghts amendment to recon-
of yesterday, was lost by close vote OF twenty
eight to thirty. Then there was more skrmishing
to avoid the issue on Senator Merrimons amend.
ment, Tor which purpose Senator Howe sent In an
amendment, which was lost. Then Senator Thur
man rose and made an urgent appeal to recommlt
and Senator Buckingham offered a substitute to
cover the whole bill, providing for a recommittal
with Instructions. Senators Boutwell, and Howe
engaged the attention OF the Senate and the time
was speeding on, when 1t seemed to be hoped that
1t would be impracticable to take vote to-day on
the amendments OF Senators Merrimon and Cam
erOn. The pages were sent right and lett to bring
In absent Senators who might be in the cloakroom
or lobby, so as to have lull vote. Senator's Cam
eron, Logan, and Ferry Of Michigan, moved
about anxtOusly to satisfy themselves that
every one was at his post, and that the full
voting force should be present Senator Schurz
and others OF the opposition were equally active
and anxious. The atmosphere was growing cleo
trical with subdued excitement, and keyed-up
strain OF increasing anticipation prevailed. A
hood OF light flashed overhead as the gas was
turned on. Senators Morton, and Ferry OF Michi-
gan, asked that the vote be deferred until tomor-
row, owing to the absence OF certain Senators ia.
vorabe to infatiOn. Mo- the vote must be taken;
no adjournment is necessary nor possible. Sena-
tors COnkng and Sherman will not listen to post
ponement. Again Hurried movement is percep-
tble and every settles down for the vote which
is to decide this contest varying views and propo-
stions the great question of the day. Every one
Is intent, and the movement for settlement of the
veXed and complicated issue seems to have
arrived. There is slight pause. Suddenly Senator
Morton moves an adjournment, which has already
been twice defeated. "Yeasn and Nays are called.
The coalition of Senator'S Morton, Logan, Cameron
and Ferry of Michigan, with others of the same
ilk, is too strong The motion is carried by vote
OF thirty-six to twenty-four. For the present the
crisis Is deferred Most Of the Senators were so
impatient to get away that they commenced eav-
ing the Chamber before the vote was announced
ty the Chair, soon as they had become convinced
that 1t was carried in the affirmative. The vote
will be taken tomorrow Oh the other amend
ments, looking to imitation, as offered by
Senators buckingham, MerrimOn and Cameron, and
unless there shall be additional speaking other
manGuvre for the purpose OF securing diatory
unlavorable action, it may be counted upon that
the decisive vote in small majority will be given
in the Senate 1avoring imitation. Almost every ar
gument having been used and every ruse having
been resOrted to, It is difficult to how the anti
nation Senators can longer defer action OF some
positive character looking to imitation, but the
most sagacious Senators acknowledge that they
are in doubt when vote can be reached. When
that occurs the policy OF imitation will be sustained
by majority OF at least three in the Senate, and
there is no change likely to occur from present ap
pearances
Inc Volumes of Currency in Cfrcula-
ton in Germany, Great Britain and
France.
In consequence Of frequent applications to the
Chief OF the Bureau OF Statistics for information in
regard to the amount Of circulating medium in
'Great Britain, France and other European coun-
tries, and OF the wide divergence of statement on
the part OF European as well as American fnan-
ciers, an examination has been made OF the pub
lished official statistics aud variety of authorities
on the subject consulted with view to obtaining
approximately accurate data The results OF this
investigation have just been prepared, from which
1t appears the total amount OF gold coin circulating
in the United Kingdom of Great Britain and Ire. |
land at the close OF 1872 GS4 900 sterling:
silver, els, 100000; bronze, FL, l4SOoO; excess Of
bank notes over coin reserves, Gao, $40, 900;
total circulation in coin and notes. f14l, 5000
being equivalent in United States gold coin to
$6s6.42l $40 The metallic currency, coin and bull
lion OF France is gwen at 1000 O0O 900 francs notes
OF Bank OF France in circulation on December g.
1873 2sO7 $3.50 e25 francs total $780, 6s9,625 francs