New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-01-07

THE SHERMAN CURRENCY BILL.
THE PRESIDENT SIGNIFIES HIS APPROVAL OF THE
MEAsURE-THE BILL MORE A pRETENsE TIA n
REALITY BUT SATISFACTORY BECAUSE IT UNIT "
THE PARTY.
lar rsLsaRAPH TO III. TRrBUNsf
WASHINGTON, Jan. 6.-The Currency bill COMES up
in tho House tomorrow at o'clock, having been
specially assigned for that hour to the exclusion OF
sl other business. The debate this question will
probably continue for days. The President 10
day signifed his approval of this bill passed by
the Senate. by declaring that its adoption would be
great triumph Of the principles he holds aud also
indicated his belief that it would pass the House
unamended on opinion which he had de-
rived from conversation with o great number
Of representatives and other personsJudge kelleys
threesixty-ve bond scheme does not appear 10 com
mend itself TO him, and he evidently thinks that
tho Judge docs not fully understand the effect OF
his bill, it to become law; bnt as there GOES
not seem to be any danger Of such consummation
he thinks not necessary to point ont any OF It's DC
fects The President, in common with other friends
of the Sherman bill, thinks it mainly important
from the fact that it fzes a certain definite date
at which the resumption of specie payments
will take place and hence will enable the business
interests Of tbs country to accommodate themselves
to this aew basis Of financial operations In addi-
ton to the satisfaction expressed by the PRESIDENT
at the principle involved, he Is also much pleaseu
that the Finance Committee Of the Senate were aoie
To perfecs a measure 4pon which tho Republican
majority in the Senate could substantially agree,
thus enabling the party to present an unbroken
front in regard 70 q measure OF such great impor-
lance and upon which there has been such
o wide difference of opinion, not only among
members OF the pasty but between Congress and
the Executive. II has been urged against the mea-
sure the President suggests, that 1t deals In empty
generalities and is moro pretense than reality
but if il meets with prompt action on the paFs OF
the House the President will readily zpprove 1t and
take at once the preliminary steps necessary 20
carry il into effect.
oPPOsTTIOH TO TIE COINAGE FEATrgB IN TiI2
HOUSE BANKING AND CURRENCY COMMITTEE
Mr.. MERRIAM THINKS THE COUNTRY Is
LIKE SICK PATIENT IN INEXPERIENCED
HANDS
[Br TELEGRAPH To THE TRIBrNE.l
WASHINGTON Jan. 6.-The House Banking aud
Currency Committee met to-day and discussed for
some time the Senate Finance bill. The couversa-
ton developed tho fact that at least three members
of the Committee, namely, Messrs- Randall, Far
we'll and Merriam, are opposed to the first two
sections of the bill. One of the gentlemen,
Mr.. Farweu, says there IL no use of coming silver
for other cOuntries that the silver coin would
not remain in this country - minutes after 1t
left the mints. Mr.. Merriam says the bill was
o1einated merely for the purpose of doing
something nobody knew what The country was
ike sick patient in the hands Of an inexperienced
doctor Some medicine was necessary, but the doc
tor knew not what it was, he gave the patient
the first thing ho laid hands on Patients had been
known to die from administering wrong medicines.
It is probable, notwithstanding the opposition OF
the three gentlemen to the coinage part of the BILL
that they will vote for it. The Committee Will hear
the representatives of the bank note companies To-
morrow on printing the currency