The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-04-29
FROM OUR REGULAR CORRESPONDENT.

WASHINGTON, April %, 1874
EHE PROGRESS OF BusINEss AND THE PROS
PEcTs ToR AN ADJouRNMENr-PAssAox or THx
LE0rsLATIvE APPROPRIATION BnL-THR SEC
TON TRANSFERRING THE INDIAN BUREAU TO
POINT OF ORDER.
The passage by the House to-day Of the Legislative
Appropriation bill Is significant OF tho dissemination or
that body 10 expedite business aud tho solitary fact Of
the passage OF this bill is already taken to that
Congress will be able to adjourn, At least viii make
m effort to adjourn, by the nrst or second week
sumo. The question: however. IL newly complicated
by the impeachment trial which IL likely TO take up
much the time the Senate and Of leading men,
bers Of the House, who must attend managers,
that tho enthusiasm Of this evening the
prospect OF adjournment before the dog days may
be premature. The element Of delay involved in the
subject OF the impeachment trial readily calcu
table, and may defeat oil projects for speedy adjourn
ment Should the House find eventually that the
sion will be prolonged July likely that
recess win be taken enable the members OF Con-
gress Of both political parties the Cincinnati
and St Louis conventions. which meet only thirteen
lays apart
The discussion OF the Legislative Appropriation bill
occupied forynvc days, tho session days running
far toward midnight Tho chairman OF the Committee
OF the Whole wnilc discussing It was Mr. Cox, OF New
YORK, whose rulings daring the lengthy debate were
never excepted to Al the last hour-whcn the House
discussed the section transferring the Indian Bureau
TO the War Department which section had been tackled
'ridcr" to the bill In order force tho Senate
to adopt the measure should the independent bill to
make be defeated In the Senate-the point
Of order made by Professor seelye that the
was not germane 10 an appropriation bill This point
Mr.. Cox gracefully referred to Speaker Kerr who de-
eidcd Il well taken, and the section stricken out
WHY TIE NATIONAL BANKS FAVOR THE MAS
GRE ALLOWING THEM TO ISSUE 4 LARGER
PROPORTIONS OF CURRENcY-A SABLE GENTLE
MAN CONCEALED IN THE rRNcE-
Some surprise has been manifested that the banks
should be active in urging the which pro-
poses 10 allow them to Issue 100 per cent instead or
being confined 70 ninety per cent OF tho amount OF
bonds deposited collateral the Treasury when
tho tendency Of Late on the part OF the banks gener
ally has been take in instead Of 70 put currency
Il turns OUT however, that thero . coorcd gentle
this little proposition whose sable head
view in The committee yesterday. Tho banks do not
want the law modified to permit them 10 ISSUE more
notes rhey really want to be allowed 70 draw the
Ten per Of surplus bonds which would stand to
their credit In tho Treasury aud sell them. This the
secrct OF thoir anxiety, which has struck so many
people being with the or she
national banking business tho present time.
THE QUESTION OF THE JUNE PAY or THE
ARxY--A SIMILAR DEFICIENCY IN THE NAVY
PAY ApPRorRrATIoN--How THE DEFICIENCIES
CAME ABOUT.
Il turns out that not only Is there likely to be pay
Tor the army tho month Of juno, bus tho navy will
probably suffer IN the way IL viii be romem-
bercd that ia June last tho officers and men OF the
army rcceivod no pay IRON 18th tho 3oth Of the
month, on account Of deficiency IN the amount ap-
proprnted bv Congress Tor that purpose. The same
Amoan. appropriated Sill. 400 ooo--or the fiscal
year ending June 80 next aud The deficiency for The
present year is estimated by the Secretary Of the
Treasury and tho officials Of the Pay Department ~
Ss00000
Secretary Brstow last month sent letter TO tho
House OF Representatives asking for this amount in
addition TO $500 600 pay the still due from
June, 1873 Tho House Committee on Appropriations
inserted the following paragraph in tho deficiency
BILL
That the OF 81 1876 ooo remaining to the credit
81 the appropriation tor pay army fscal
year 1914, 10 hereby reappropated made available
IRON and tho passage Of tins act for The following
purposes, nameyTo pay the sum Of S5Ov 0V0 or 80
much thereof may DO necessary pny OF the army
from June 10 u June 30 1875 and the remainder Of
the above nalnca shall be available 10 meet
any denccncy Tor Vi the army for the current
year.
This paragraph passed by the senate without
amendment alter having passed the House. and the bill
nself 10 now the hands VI = conference committee
The balance available for this year. alter paying tho
amount duo Tor june 1875. IA $685. 600 only ana this
~ 10 ssl farther reduced W : rnllug which will