New-York tribune., 1874-07-18


sons twenty six million addition to the legal
tender circulation, issued not only without
warrant of law, but without any power in
Congress under the Constitution to make such
issue in time of peace. g. This Adjustment
gives the sanction of the Government to un-
safe banking, and invites the banks to lend
their funds without regard to the keeping OF
a reserve adequate for the protection OF de-
pOsit0Ts. 4. The bank-note redemption, how
ever useful it may be for keeping clean paper
in circulation instead OF filthy rags, can
hardly subserve any other purpose. Half a
million dollars, the rate per diem at which re-
demption is now proceeding, is but one 7OOth
part of the bank circulation. AT this pace, each
bank note would, on an average, he ex-
changed about once in two years. 5. The
other sop to the advocates OF specie
payments is the injunction placed upon
the President not to increase 'the legal
tender circulation beyond S3S2,OO0,OOO,
there having been at that time no disposition on
the part of the President to exert that doubtful
power, or anything in the state OF the public
finances to warrant any expectation OF IT..
Here is an Adjustment which consists OF
nothing but concessions to Imitation; contrlved
by "A committee which was two-thlrds imitation,
and the other thiId dough; eagerly voted for
by the whole body of lnhatiOnists, and opposed
by half the numerical strength and nine-tenths
of the moral and intellectual force of the
friends of resumption designed to heal divi-
sons in moribund party,-but if Speaker
Blaine can hardly say twenty words for the
thing, why should We waste space III expos
ing it 7
1t il, however. important to show who in
the present House of Representatives are In
fiationsts, who are opposed to Imitation, and
who are in favor of pastenng up parties by
Happy Adjustments. The Inflationists are 2lO
in number, or more than seven-tcnthS OF the
whole House. They include every member
whose name is not printed in the following
list, except Speaker Blaine and Messrs. Car
field and Parsons of Ohio. Mr.. Blaine does
not vote, and his sentiments we have already
quoted from his letter. Messrs. Garfield and
Parsons voted both for the Maynard and
Dawes Initiation compromises. Before Mr..
Dawes hung out his flag of truce, five
test votes had been taken Ill the House, anu
the 210 gentlemen whose names we are COM
peIled TO omit had registered themselves on
one or more occasions in favor of IA large in
crease of the paper money. Deducting from
the whole number of representatives, two va
cancies Speaker Blaine, Messrs. Garfield and
Parsons, and 210 InflatlonistS, we have left a
who voted pretty consistently for good money
ND To the hour of Mr.. Dawess surrender. The
names of these gentlemen we print below, dis
tinguishlng Democrats by Italics and Liberal
Republcans by SMALL CAPS. OF the two col
umns. the first contains those who voted
against the captulatiOn, and the second those
VINO favored the Happy Adjustment 1t
will be seen that there were tOrty friends OF
a sound currency who did not, and twenty
eight who did, think it practicable to adjust
things satisfactorily b. putting salt on the
tails of the Inhltionis.3. The names of nine
others are appended, who have been consist
ent opponents of Imitation, but who did not
record their votes on this tnal occasion. 1t
appears that among those VINO have title 10
be called hostile to Initiation i'll the present
House of Representatives the Happy ADJUST
mcnt" of McsSrs. Blaine and Dawes gets only
% votes out of n, "a majority of them coming
from Republicans residing in the Districts not
very remote from the Kcnnebcc River, and
from Democrats who think something may be
gained in their respective district, by Il tender
regard for Imitation: