New-York tribune., 1874-04-11
WASHINGTON.
rpE PROGRESS OF INITIATION

.urs-ruE BUTLER MOVEMENT TEMPORARILY
pKFEArED-PRoBABuITY THAT TIIE HOUSE BILL
WILL BIZ PASSED AS IT is.
IBY rNEeRLrH TO THE rRIBuSE.l
WASHINGTON, April 1O-A six hours struggle over
the Currency bin IN the House to-day resulted IN no
definite conclusion. number of important suo-
sidiary points connected with the main issue OF IN
nation or no initiation were, however. settled ana
the question thereby much Simphhed. Inc geheI'u
result of the contest TO restore the ouse pi U"
the hands of its friends and temporarily 10 ueIe''
the movement headed by Mir. Butler. which was
triumphant yesterday aud to pass the Senate Dill III
its stead.
The pending question when the subject came np
soon after the House met. on the motion OF Mr.
Bntler TO lay on the table the motion to reconsider
the vote bywhch the House had yesterday postponed
the MAYNARD bill until Tuesday. This Mr. Butler
Withdrew to get a chance to snuggle in an explana-
tion of the parliamentary tactics he had decided on
aud an ntimation that the President would not veto
an Imitation bill. If the House would take up the
Senate bill and pass it, they could go on with their
own bill afterward, he said. He wanted the House
to secure what they had got, and IN sailors phrase
"let down the catch, spit on their hands ana take
another heave" In the critical state of the question
this was very unwise avowal, for it implied
the 900 of additional currency authorized by
The senate bill could be secured. Another foolish
remark followed it, and both together no doubt
prodlced some effect in bringing about Mr.. Buffers
subseauent defeat. In giving the reasons why he
wanted the Senate bill passed at once, Mr.. Butler
said that il would put a stop to the newspaper SLAM
ders that the Executive intended to obstruct the
business and prosperity Of the country by vetong the
bill Auumber Of members sprang TO their feet and de-
rnanded what authority he had for intimating that
the President would not veto the bill, and at the
same time the Speaker declared that ausons to the
probahe action Of the Executive were i'll gross vio-
laton Of the rules. and began pounding with his
mallet to stop the excited oolloquy Oh the for
hidden subject which half a dozen members began
70 carry on with Mr. Butler. 1t out again.
however the conservatives being determined to
make Mr. Butler acknowledge that he had no ground
for his intimaton and, by pressing him close, they
got an admission from him that be alluded only TO
reasons Of public policy which he supposed would
goverp the Presidents action. He then tried to
excuse himself by reading paragraph from Mr. l..
r. Hoars speech of yesterday, in which that gentle
man spoke of the Initiation bill as one which the
President could not sign without breaking every
pledge which his party and the country had required
Of hlm The Speaker said that that was not parallel
case and Mr. Hoar told Mr.. Butler very tartly that
House than to speak of the veto of the President on
the floor: to which MI Butler retorted that he did
not base his legislative action the Presidents
views, and was careful not to inform himself OF
them.
After tins sharp skinish of words the real contest
began The roll was called on the motion to table
the motion to reconsider, and resulted in Yeas l2C
Nays 1876 The Speaker settled the question by
yot,no No y i'm tone that left doubt
of the positveness of his convictions This vote OF
MIR. Blaines defeated the Butler movement and gave
life to the Maynard bill, which yesterdays action
left in a Inoribund condition. Mr. Butler had still
one more chance however. The next question was on
reconsidering the vote pOstponlug the bill, ana
while the roll was being called he took the tally
sheet of the just taken and rushed about trying
10 get members to change TO his SIDE.
He did not gain anything by his efforts,
the result being 128 TO 120. 1t was neces-
sary TO vote directly the old motion OF
yesterday TO postpone which was negatiyed by 79 to
1O6 The bill now before the House and once
more in the hands of Mr.. Maynard, who appeared TO
be reioiced to get his lost child back again. Fearing
still that its enemies might slaughter it, he sought
to molfy them by fair promises Of admitting their
amendments and even went so far as to say that he
would favor taking up the Senate bill after his
should he passed. lie first admitted TO a vote Mr..
Mitchelrs amendment, providing for the retirement
of legal tenders fast additional bank notes are
isSned, until the greenback circulation Is reduced
10 S3OOOOO000. This was, of course, highly obJec-
tionable to the infiatiOnists, and was beaten
by vote Of ~ 10 1GO. Mr. MeTriams substitute
which included the first five sections of the bill un
changed with the sixth section modified and the
seventh and eighth omitted was next in order, and
TO this Mr. Farwen offered an amendment in the
form of a section proposing simple and effective
method of resumption by applying the sinking fund
TO retiring legal tenders. On tins the Yeas ~
and the Nays l64. MI Meniam's substitute was af-
terward beaten a vote by telers
Mr. Maynard then moved to strike ont the seventh
section. reducing the amount of bond deposits re-
qured from banks without circulation to $4,000,
which was agreed to- He next exhibited his hostil-
ity 70 the one redeeming feature of his own BILL the
section providing for a slow and'remote resumption,
by the substitution for prcenbacks of S2,OOO,OO0
month of gold notes. redeemabe in two years. and
allowed Mr.. Biery to move to strike it out. The
"cheap money" men earned this motion by the
large majority of 149 TO %. As thus amended the
bill became a naked measure of unlimited bank
currency expansion The cOmplaisant Maynard,
who appeared willing to have everything good in his
bill stricken out and everything Objectionable
loaded upon il, LET in two amendments for 1868
introcOnvertOle bond schemes, by Mr..
Negley, and the other by Mr. Kelley. Mr..
Keley's was the worst, because il provided
for an extra S500O00O0 of 0reenbacks as a reserve
fund and this was substituted for Mr.. Negleys and
then, to the astOnishment of almost everybody
except it's sanguine author it came within four
votes of being placed upon the BILL l1s votes being
given IN favor of it and l22 against This intro
convertiblity project has never been supposed to
+. tck ka,ro