The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-17
WASHINGTON.


Chances OF the House FINANCE Bill in the
senate-No sympathy for New York
Spectators.
The Finance bill which passed the House has
been referred to the Senate Finance Committee
and Senator Sherman will report it without de.
lay. 1t is confidently expected by those Senators
who favor more banking circulation that it can be
passed in the Senate and the probability is looked
for that the New York banks viii come to a sup
port OF the BILL because It releases the reserves on
circulation except five per cent to be kept in the
Treasury. Senator Morton favors this provision
In the bill, and so avowed himself tonight, stating
that the national banks should be released from
the obligation to keep reserve on their circula-
ton except as to the one-fourth OF the gold
interest provided for in the Senate bill.
The report here that New York would suffer
by the working OF the third section OF 1t in draw
ing the reserves away and bringing them back to
the country banks found no sympathizers among
the Senators on either side, and the reference
that probably 1t might create embarrassment by
kind of traction there elected only sneers and
the hope that the severest results might ensue to
New YORK. Senator Sherman does not believe
that the operation OF the Senate hill will be per-
ceptibly felt in New York In disturbing the present
order Of things, and, among the rest, mine out Of
ten wish 1t may bring as much calamity as posi-
bic without being destructive. Certain it is that
neither the bankers. Wall street che other nan
ciers expect much consideration at the hands OF
Congress, and 1t is q strange confirmation that
the previous condition OF affairs is changed from
the time and system formerly IN vogue when the
national banks and railroads controlled every
thing. This the grangers insist, is one OF their
in breaking up fOrcesSwhich have here
tOiore had too much sway
Progress ON tho Appropriation Bill
Buffers Vexation Mt the Testing OF
Cox.
The House made slower progress to-day with its
OF the Legislative Executive and Ju-
diclal Appropriation bill than Eads does with
the assistance or Senator West, In deepening the
mouth Of the Mississippi River. When the appro-
priation for the Presidents pay was reached Mr..
Dawes had something to say about his economic
philippe made last December, In which the Glouces-
ter statesman found the melody OF discord. Mr.
Dawes famous speech having done good service
for the democrats in the New Hampshire and Con-
nectcut State elections, it grieved MT. Cox to find
his Massachusetts, associates trying to convince
the friends or Judge Hoar in Boston that Mr. Dawes
and Benjamin were not as good friends as recent
report had made them. Now 1t would be as useless
to descant on the t0ughness Of the hide OF O rht-
nocerOs to lot OF children while there was Punch
and Judy show on exhibition in the same tent, as
1t would to attempt to be serious and
legislate when the comedian and the jester or
the House join ISSUE 1t was very amusing
to the galleries when the Representative OF the
sixth New York district irritated the amiable
Benjamin by reading the latter's opinion OF Mr.
Dawes In which he compared the aspirant for
honors with brindle steer, encroach-
ing on eyerybodys corn field In his magnanimity
Mr.. Cox admitted that Benjamin was good but not
smart to-day, and for his kindness the irrltated
Benjamin replied, "The gentleman from New York
Is neither good nor smart at any time" The
House enjoyed the fun, and wound up the days de-
liberations with debate on aDolishing the publ
cation OF the public laws.
Secretary Richardson-Iis Prospective
Resignation and the Moiety Scandals.
The President was notified by Secretary Richard
son some time since that he desired to resign the
p0rt(oo-Of the Treasury Department in season to
sail for Europe IN the steamer OF the goth OF May.
The President selected successor to the Secre-
tary, but meanwhile the subject of the moiety
collections OF unpaid revenue has been agitated,
and subOrdinates in the Treasury Department
have sought to duplicate the Secretary. For Mr..
Richardson to resign under these circumstances
might impair his future as q banker at Paris and
the President will not permit this So there will
not be any change at the Treasury Department
until the moiety matter has been disposed Of
Disagreement OF the House and Senate
Judiciary Committees Regarding the
Geneva Award.
The Judiciary Committee OF the Senate are doing
nothing In the Geneva awards case. They are
waiting to see what the House will do. They dis
agreed last year on several points, the most i'm
portant Of which was the tribunal before whom
the adjustments were to be made. The Senate
stood out for special tribunal and the House is
now, as then, In favor OF United States court
being selected to dispose OF them.