The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-20
WA sHINcTON.
Cameron's Substitute for the Cur
a rency Bill Rejected li
Progress Of the Debate on the Public Printing
&. and the Pranking Privilege. W..

10000 DIS, rirrt
WASHINGTON, Feb. 19, 1874
Cauaerou's Substitute for tho Finance
BAH Rejected by tho Standardization
hrom the Ranks ON Both sides OF the
COntest-Equal Condolences Of tho OPP
posing Forces. 'N ~
In the'Senate the great interest which has GEN.
tired In the solution Of the financial question
Tesohed it, height to-day. During the early part
OF the day long and frequent consultations were
held In the Presidents room at the Capitol by
leading Senators in favor OF innatiOn, and the
forces were well looked over by the command
1ng generals, and 1t was agreed that the
''more money" men had nothing to fear by INVITING
the final arbitrament of square vote on the pend
ing question, which was Senator CameYon's
amendment providing for free banking, without
restriction. When the consideration OF the ques-
tian was taken up In regular order Senator Howe
surprised the chairman Of the Finance Committee,
Senator Sherman, by avowing In some expsana-
tory remarks, that he had changed his
views somewhat and would vote for Sem
ator Cameron's amendment. Expectation was
on tiptoe, looking for an immediate vote. ana the
tally lists were prepared for the yeas'' and 'Days"
On the amendment. No one expected any more
speeches, when Senators Logan and Schurz, who
had been bantering one another the day before,
again took up the oils and read extracts from the
financial articles OF sundry papers to substanriate
their respective views on the reliability OF the
press In dissectlng the condition Of the money 1
market Senators Buckingham and Ferry fol-
lowed, breaking in upon the concentration of
anxiety on what was supposed to be the closely /
impending vote. This wac the signal for other
similar demonstrations and the Senate was again
provoked into speechmaking. Senators Morrill,,
OF Vermont; Morton, Sherman, Flanagan and
Bogy, the latter OF whom made practical speech
In favor of additional circulation for the Southwest
addressed the body. and so the time wore on until
late In the day. when the lengthy debate, which
had crept In pending the vote, was brought to a
close. The question was called on Cameron's |
amendment, Notwithstanding the earnest depre-
cation OF Senator Sherman against its adoption,
which Senator Morton and those acting with him
merely smiled at though the appeal Of Senator
Sherman was earnest and imprisoned in the ex-
treme, In contrast with his usual calm and dellb-
crate manner. All further expostuation was
supernnous and the "yeas' and "nays" were
called near the hour OF i've O'Clock, the absorbing
interest Of the moment being depicted on every
face. At last the vote was over, and the express
sion Of the friends Of the measure was full Of NOR
tncation and disappointment, when it was an
nounced that the measure was lost by twenty-six
"yeas" to thirty-two .naysn Next followed a vote
on the amendment by Mr., Gordon, which was lost by
20 "veas' to 80 "naysn An amendment was then
onered by Senator Cooper providing for free bank.
ing, with restrictions, and the convertibity OF
legal tenders into gold at the Treasury Depart
ment, as q substitute for tho amendment OF Sem
ator Merrimon, which was placed under discussion
again. Senator Conkling, who had been silent
all through the previous debate, arose to deliver
lecture TO The Senate for the folly OF their course
which senator Ogesbie complimented, ana In
long ana nery speech, full OF protested patriotism.
and advocating expansion, consumed the balance
OF the session, which lasted until six O'Clock. The
Senate then adjourned, leaving the question open
a. heretofore. Tomorrow the EFFORTS or the in
nstionists will be renewed for more currency, as
they are still undaunted Some surprise was
manifested by them at the votes Of Senators
Allison, Goldthwatte and Merrimon, which
were recorded IN the negative. They had relied on
them to carry the free banking measure. The vote
whereby the amendment of Senator Cooper was
accepted by the Senate IN place Of Senator Merit.
mons win be reconsdered tomorrow. The anti
lnnationsts are confident OF being able to carry q
motion to recOmmit on the whole question: while
the expansonists are assured Of their ability to
pass Q resolution instructing the Finance Com.
mittee to report bill for more currency. Earn.
est consultations are being had tonight, and TO-
morrow, II, as Is spprehended, the negative votes
Of Senators Allison. Merrimon and Goldthwalte do
not sugur detection from their cOmmtttal to the
scheme Of additional circulation, the coalition Of
the West and South will carry by small majority
the vote to provide for more money. determined
struggle may still be expected, II compromise be
not entered into whereby some Of the conserva-
tive men OF the Senate among the innation-
lists may change their votes and consent
70 . recommittal without instructions. This is,
however, doubtful In the present mood Of the in
nauonists, they contend that they can carry their
measure tomorrow, though one cannot tell what
day may bring forth in the Senate, according to
tts present temper. Some unexpressed convictions
on the expediency OF the measure may so
change the complexion OF the opposition that
vote to recommit may be thus successfully carried
The most intense interest prevails to know what
will be the final ultimatum. There is only one way
whereby the recommittal of the bill to the Finance
Committee may be had and that is the gaining of
. few votes by the antt-innatonists from the ex-
pansonists, which is very doubtful But as several
OF the Senators go out to dinner tonight and may
get talking good. naturedly over wine, truce |
may be had and the dignifed body may |
put this troublesome question on o shelf
IN the committee rOom there let 1t rest for the
present II Senators Cameron Morton, Ferry
OF Michigan and Logan decide to be persistent in |
their advocacy. as heretofore signined, 1t viii be
q very difncult matter to silence them into an |
acquiescence with the views OF Senators Sherman
and Conkling the latter OF whom. from his tempera-
ment, Is not so well calculated he might be for
. good second in diplomacy. The Senators &C |
knoxledging freely that they change their minds,
there Ia no safety In making an estimate even
from the closest observation and inquiry to the
result. The best informed tonight DO not pretend
to predict what 1t will be- but 1t is safe to say that
this session of Congress must before 1t adjourrs,
provide some means for securing more currency
circulation to the South and West, or else those
sections will be loud in their expression OF their
dioa oftofoo xutth tt,a 0pop ri0tl OtoIo
The Franking Privilege I'm the House.