, 1876-02-24
MIR. Payne's Bill Likely to Be the
Basis Of any Measure
Reported.
lnoonyeniences Arising from the Lack
Of New Currency.
The House Railroad Committee
and tho Scott Grab Bill.
An Early Resumption Of spcoic-pay-
mcnts Predicted.
Text Of the Bill to Nednco and Consoli-
date the Army.

-...
1HE CURRENCY.
TIE p1y,uox OF SENTIMENT.
su,rtas 1s.nctch s,ss u rss cateaqo 1r1o,.n<.
-."'.a ep.s@' D - y ri, os-Tho Cornm,tteo
WAsn1No7os. D. u fop+ @'.tAo ~. s..,o Soa4ao
appointed by tho CHAIRMAN OF sho De"ocf"s'o
caucus 10 doviso aomo currency policy upon
which majority In tho House can bo united,
,.,s "n,A .aas,a. n,set,nu to-dav. Int reached no
1ic'o "no'A1' 1,. ra,e.,;..ao - ,rn.rapttv n,oro
conel"s'on' .n' Not.su'e tr, .,,I1 - ~ sa a.a,,
divided than ever. Tho Ho-cailed hard-mono7
party In the CAUCUS aud in the Committed rocog-
nfzino vhat they think TO bo tho necessity Of
..,,s,. so,,r~.,,,.. win tbo inf1.t;on;ets, or
n'ah.ab .,..N so~ro w. ~. 49,. ~, .ta,nsa,u..
"ansi.eoati"cs'op'oie' 10 snoy w. 'neeose 1
arc willing to agree to repeal OF tho Currency
act Of 1876 provided coma moans noninally look
inn IN resumption at distant date bo
an1,,t,tutcd for #. THIS pa1t OF tho Com.
suonll'u'eu ~ -, 'e rs. =. n.ss,a III,
mls9eo Voulo prooao'5 "N1ee ~ ie.uo" o,''
either As II was originally introduced IN tue
House or With cortain notifications which have
ham aurrested. No vote baB u yot been taken
- rs..,s,,t.. ..a ~ -. r,ao,;rc. ara aocrct
III ool""'sseo' ano, 10 10 u'sosse 'e7 ~ ~
there Is no way OF iiadlnR no" many OF t'8
members would DO willing to agree to such q
bill,
r,,z or,rp.7. ,>pnresYoy
.ia.;.s ~ ~ rn,,n,,.too fo,,o.v,,o
III tnas . ma}oflt5 ol ts'o eouau.''.eo, 1o''o"4ub
tho lead Of Chairtnon urlght and nonan' "a'l
vote against any such measure and instst upon
tho rcnen1 If thu obnoxlous net With
49,. rse,, ;. sr,s,i,,,tior ~ NV
WV "stoe''b =.
Other mohhuro lot IL II fnaY oe autaorl-
tatiycly assorted TINT no proposition for
,ssnf,r snr creator volume Of paper curro pcy
+ra-, - 49, T., ,,-or,.t,on be. hcon con.doroa
t"uu - t,s'... ~" ~ .ttoa'a,.ol A&1 ~
by tho COMMITTEE oon'o VI tls alouiuess w
propose tho repeal OF tho National Banking laT
aud tho substitution OF greopback currency for
TIM Nattonnl Dnnk circulation. but 1t Ia believed
th.t t,,;a .o,tt,,ort IL no, .tronr anoucb IN tho
.nA' 'At' oe4s4".s 20 Ao' - a'..a .,.ANr ~. ns
Demoeraao party 20 cat1y IL shsoaRn tne 1lonao'
Tho passage Of tho bill repeallng tito ReBump-
tlon act OF 1875
NAY nv CONFIDENTLY LOOKED ron.
r,t,z ,,..,o,-.,. ,,,,,1;nr tbo.o vim f.vnr n
4no DcnooAA'et tus'uo"b ~. @'e'1 W. H"'o4 -
sound currency Will almost unanimously sup
port uuch measure and 1t will nlao secelye con-
siderable number of votes from among tho
n..-,,,,s.,,. pvnr;ors n +bn oot,on os
uopou"csne. . Ia' 1,." ~ -.
the lsopnpl!eah convention ~ thuaaua' ~
was reported that all or noat'y a'1t tho iIepno-
1,can noproseDtotfyos OF that State In tho House
wn.1id vots for euch bin. and that it would a!ao
receive tho vosoa OF many Republicans from Ohio
@ Chairman @ Of tho tho Caucus @ t Committee, aud Tho
probably represents d large element among the
llomocratR. ia not only ia favor Of ropcaIItg tho
RcsunlDtion act Of laat year, Int ia strongly on
| poscd 10 n,,y measure looking to q return to
| sneoio naymenta. and holds
TvE syHAsoE DocTn1sE
TINT contraction carried to its utmost o1tcnt
| would not appreciate tho value OF our currency,
bo Eronter than il nov is. lie III uot in fsyor Of
| the accumulation OF coin iu the Treasury for