The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1874-03-27
FROM WASHINGTON.
THE INITIATION BILL.


WASHINGTON, ID. c., March 90. - The
House. to-day, in Il scene Of uproar and con
/ fusion unexampled during the session, in.
7 llated the legal tender circulation to $780,.
\ 100000. The Ways and Means Committee
i had instructed Mr.. Dawes to feel his way
I by first trying the sense Of the House on an
/ amendment to retain the limit at $3.50 COO
| 600. and retire the SD, 100000 of the reserve
already in circulation. This amendment
was voted down by 172 to 20. Then another
proposition was made to legalize the issue
of so much OF the reserve as had already
been issued, and to retain the remaining
! slS. 900, 600 a special reserve
This proposition would have fixed the
Volume of legal-tender notes at three hun
dred and eighty million. 1t was defeated by
la to y. Then the vote came on the
original bill to fix the legal-ter cireula-
ton at four hundred million, which was
carried by l67 to 50. The Northern Atlantic
and Pacific seaboard delegations voted nearly
solid for contraction, or tor the letting alone
policy while the Mississippi Valley and
Southern States went with equal solidity for
imitation.
AN OBSTINATE WITNESS.
The District Committee had lively time
to-day with Mr.. Latta, trying to make him
disclose the names of the Congressman and
deputy officers who were let into the cele-
brated CoOkeHuntingtOn real-estate pool.
Latta having refused to answer questions
OH this head last Saturday he was given
over Sunday to ruminate and take his
choice between divulglng what he knew
and going into durance vile for contempt.
TO. day he cleverly evaded the issue by say
ing that the only beneficiary of the real
estate which he admitted he had held in
trust for other parties was his partner Hal
lnfE I no 20
turn to dlvulge or be incarcerated for con-
tempt, as the committee is determined to
probe the District real estate ring to the
bottom.
THE VOTE ON FINANCIAL MEASURES.
1t will be observed that the vote against
the $500 ,OO0,O 600 proposition was larger than
the vote in favor of either of the other two.
This was because seven or eight ultra-infla
tionists voted against the bill, and their
reasons for SO doing was that the bill fixed
that amount as the maximum, whereas
they thought it ought to be the minimum.
During the entire proceedings in the House
kilograms We're flying between the Capitol
building and tine New York Stock Exchange,
recording every beat of the financial pulse
in Congress. The Missouri delegation voted
solid for imitation.
THE GALVESTON POST OFFICE.
There is likely to be considerable of a
breeze about the Galveston postotlice.
Clarke's resignation was to-day accepted, to
take effect Immediately, and Senator Flana-
gan was at the Post Office Department to-day
inspecting the report of the special agent
who worked up Clarke's detalcation, and
also consulting with Creswell about sue
cessor. Senator Hamilton, who has still
three years to sit, thinks the preference
should be given to his wishes in making the
appointment, inasmuch as Flanagan goes
out next spring. The House delegation be-
ing solidly Democratic the Senators will be
left to fight it ont between themselves.