, 1876-02-18
ScIlencls's Early Resignation Now
Looked Upon as Certain.
a Truly Gigantic Finance Scheme Or
iginates in Wisconsin.
Sunset Cox Elected Speaker Pro Tenn.
of TIC House.
An Imposing Army Of Dcad-Beats
with Designs on the Treasury.
THE CURRENCY QUESTION.
BSnA1ASd AMoyu THE DEMOCRACY.

WA8HtGGE0Nt H. Va H6D, 4fs-1ub DeluoGlaslo
caucus. which adjourned week ago to meet
this ovenfng, has boon postponed, no work haV-
Ing yet ncea dono b. tue Committee appointed
to prcparo Currency bill to submit to 1t. Tho
currency aucption continues 10 be moRt carncst-
ly diacussod by leading representatives Of both
parties In tho IIouae, aud great interest tn mani
fcs.od on all udos in regard to tho character Of
tho moasuro which the Caucus Committoo
IL likely to report. As has already beeu
suggested, some dissatisfaction cxistu among
Democrats IN regard 10 the selection Of tnem-
berB OF this COMMITTEE by Lamar. Chair
man of tho ossa
and oxnrcsstng surprise TINT tho DeHocratsc
State Of Now York. which besides contains TIN
financial metropolis Of the country. Ind not boon
Ind bucn appointed from OHIO. His letter is
said to have bcon worry outHpoken, mud perhups
NOT ENTIRELY CorRTEoUs.
Lamar. in reply, said that place GU tAs Gom-
mit.eo had been offered to Hewitt. Of Mem York,
who declined to servo. He then thought that
Now York lad received oil ths confederation
which she had any right TO claim q tie
Democratic c.ucns Tho ghslrmsn oro,nta Of no
cd esrly ia tho sesaion especially
to consIdcr tho currency question, WIS Nav
Yorker {Cox) and another Representative Of thht
State (llovist) hlHi boon PLACED on tho lam.
ANYTHING, tho now COMMITTEES would have boon
unnocossary lilo aided thas only two mombors
Of tho Houso from Oho, aud not three. bad
becn appointed Oh this Committee, aud tho
reason for th|s was tllat, IN thu delegation from
that State, shoza seemed to be ropfesenssd
nearly -- -......--... ...-
ALI, THE plFFnNENT OPINIONS
un tho currency YueBtlon. Lamar explalns MS
by saying that aftor Hewitt declined he Thought
roproaousasvo. spr Tlo people Of that section Of
tho country had. - 20 thought, Justly com.
Of tie Houas Committees and for that season
he had considered 1t hln duty to 500 that they
had proper representation on stch comutttee8
Darnurn after Hawitt'a doo!inastou, Darnum be-
ing az outapokep in favor Of hard-monoy aa any
Representative Of New York. Lamar considers
tho Committee ns q whole as
COMMITTED TO HARD MONEY. .
The Houpa portion Of 1t stands i've inna.ionfsta
TO ard-nloliey ms1, but tho Senate CAUCUS se-
lsctetl thtee advocates Of hard monoy.abayAld,
Thurman, and a1ncD Donald,-ana ono indattonist
-AIer1imou,-and tl,cu voted that the Chairman
| Of the caucus, Stevenson, who ts claimed BY tho
hard d-money adzocatos, should at with tho other
1nombers Of the Committee. Thta makes ma
toritY OF tho Joint Committee tn favor Of honeat
currency, although It Is beloved that thoy will
| agree to eo1no compromise rnsasure such a.
| Payae'8 BILL It iB nudcrBt0od among the New
| Yotk delegates that Meade aoxod for place on
tho Campaign Committee but that "a l'e vas
l TQEQEl3u60uC{l NY lQ Ou1 t6tt AAAAAHA <4A4StAAoA
| to appoint Hewitt,
| PROPORTION. .....-..
1t is represented that tho following proposl-
ton haH been presented to tho democratic
| Ttnance Caucus Committee rs basia OF COM
| promise First to rppenl 30 much Of the No'
sumption act of 1876 aa fixes tho lat OF January,
1879, as the ttmo for Iedoeming IN coin
The United atatos lega!~tendor, notes theu
outstanding. Becond, 1t requires the beurotary
Of tho Tteaaozy forthwith to begin tue rcdomp:.
/ tiou Of fractional currency of denominations Of
Is cents and under ny destroying such curroncs
and issuing in its place ai!yes coinage, g, which .sa
private in Bulls not exceeding e5,Go0: THIRD,
tho Secretary Of tho Treasury Ia dlrectal to aate
On tho credit Ut tue United atasos $3.50 o0o, o0t
of Treasury notes, beasng per cent lntoIes
| p4r anpum payab!o to heaVcr ut tho Treasury o!
tie United statea Of such denominations 10 III
may fix, not leAs than $40 eacii- with coupon
attached for tho inte1oet. payable Ban'l
In cn The notes ti!emso'yos uaf afe easo !d H. T.
amount annually thereafter until The whole auu
Ia paid. Thcao iotsB arc to bc receivable In pay
mept OF all taxes. ekcisos, and dobte due III.
uute statos e1esPi "a sxcsn. sna tor Ss ~
forest upon tho bonds thereof, and they may b
held BY lhe National Banks al part Of their re-
serye, as legal'tonder notes ate 20" ne neg
sss sna ii tP'y desss ss duo % BY one Nations
bank to anothor also 70! tho ioaempl!ota s ot q
notes Of National Danks and the psymeat OF a q
i deposits In any Of said National DAnka Of W
\ date. Thcso notes. however. ARG only to 20 u
sued In oxchsugs for like amount o. unste 1!a,
xAall be cancelled and mover DO zslssued. Th
Bocrotary OF tho Treasury Ia directed 7
hoid and retain In tho Treasury vaults 3
>er cent OF the semi-annual tnatai!nents Or IT
t. vrAt in cosIl payable to tho Nationa! banks,
II, same natures upon tho bonds deposited b
tbo banks, a. security for ciEouission, for %
pori u Of ten years from July ], 1870. aud It,
ssid .ald shall be- hoid ~ pirt Of tho 1escry
of lie aid Natloual Banks respec tlyely. and VI
nl;cd 10 tho redemption OF the notea on an
M.or Jllyl. 1881.