, 1877-11-09

tcs1Htncf. 0ptntons differ upon the subject
whether tho Co'nsaittec will amend the lf1l
before reporting II to the Acnatc. Morrill, and
Dawos, Of The Committce, impose the rc.none-
tlz"tiun Of silver; Herman anA BaJard
think there should be limit
u the amount Of silver constituting u legal
tender. or the other mcnfers Of the Com.
mittcc, 'Iones OF Nevada, Ferry, Wallace, and
Allison arc undcrstot,d to favor the iIousc bill.
The other member. Senator Howe, ia
REGARDED As UNCERTAIN,
but Is now rla1n1cd fur the House bll1. II he
oppose" favorable report upon The Ifouhe bill
md should BE- joined BY tho four tlrst mentioned
Senators In amending IL, Senator Jouts declares
that he Will oppose It. Some sectional feeling
is visible In tho Committee, and both the West
aud South seem 10 regard Nil opposition 10 tho
Silver bill as promoted by Eastern bondholdcfs
To tbs tpt,ttra Assnetated FRS.
WAaniNoToH, u. C., Nov. 8.-T'he financial
bill introduced by Senator Matthews to-day pro-
vidcs that when nny United statcs legal.tc.dcr
iics arc rcturntd 10 the Treasury, or shall hare
!,ecn redeemed in ct,Ln under the Specie.
Resumption aet OF 1915, they maj be reissued
lss service may require, Ut otherwise provlded.
lhc amount at ans time outstanding shall MT
exceed $a50, ,0o0, ,000, and the Secretary OF the
Treasury sl,all not make any reduction ot au-
IhOa EEA ["lCul4 D9 IGtEtGk AINLEtl GLALEA
notes below That sum. The GllI alao requires
that the Secretary. for the purpose OF redeem.
ing leEal.fenstcr notes, rs prescribed BY law, to
acquire and maintain reserve fund In coin Of
the sales Of surplus revenues aud sales u
hotids II Tic coIn reserve be reduced TO
fNWO,0 ,0oo, the redemption Of lcsal-tcnder
notes shall be SUSPENDED until the reserve fund
u Restored to sl00 MM, ono, but in mat cycnt
holders Of legal-tet'lcrs nay exchange them Tor
United states per cent hoNtst, III s1tne Uf nut
less tl'an go Notes thus redeemed shall not
Ec rciss11c!s or replaced hy others until the re-
serve fu!ld Ia restored to S10U, ,DOliN). The bl
also authorizes The Secretary Of lhc Treasury tn
receyc i, payment ul my bonds which l,r t,lay
scl under tho llctlnltlng oct OF 1S10, tho legal
tender notes In lieu of con hut al not less than
tho par value Of said bonds In coin, less or with
m allowance not exceeding olc-i,alf OF per
cent III eail bniltls. fur expenses an E1 Is re-
qusred to lsc the cCai-tenlcr nutcs 81 received,
" such other notc$ a. may be lssurtl In lieu
londs, Mt price not exceeding their par value
In tolh, Ut tn purchasing con for redemption Of
such bonds.
sroKE WITHOUT AUTHORITY.
senator Stanley Matthews tass hG has made
Silver bill. lie lias merely expressed hts tndt-
vfduhl opinion tAat, In the cvcnt of the bill's
pns-hye by the senaF, tllc President Will up
rruve 1t, and he adds that this expression Of
opinion was made By blu, without any intorlna-
tlon derived from TIC President rs to llls intc1,-
tl1ns on thls subject, and ltc neither pro-
fcsscd, nor was. In fact, the statement baxed
upon the Presidents authority. 1t Was based
upon the assumption that the bill would pAss
by 80 largcAa majority that the President wanll
consider 1t such ap expression Of public will as
he could not properly d'srceard.
THE SENATE FINANCE COMMITTEE
tlls morning informally diecussc'! the silver
question, bit has not yet taken III anv Ut, tho
bills On the subject for action. 1t was agrce.i
that the uousc bill for lllo reconciliation Of
silver shal' be taken up for consideration uu
Tuesday next.
HLASp's SILVER n1Lf, AND THE srBARrR.
Sncskcr Randall anys lie tntenls to bring the
attention VI thu Ilnl1sc 10 tho manner ntd cir
culnatanccs under which Bla,,d's Silver blu WAS
passed, but lie ,as delayed duing 10 only fro1n
tic Tact that Mr. buckner, whose nau'c Is .lntt-
mately asaoeatcd witt, the subject has nut been
Il, the Housc for twss days. Tho Speaker lur-
tfcr eaYs that llow9vcr ERRONEOUS the procccd
fnEs, and cren II the House should rcconsi1cr
tic subject, thu majority VI the House in favor
oE aoInc Hti"h measure Is 30 largo that its pas
saEc Ia certain.
MATTHEW'S nfLI~
Stanley Matthew'S Finance lsilt has attracted
considerable attention 0t account oi the nssu!np-
ton that 1t represents tho ytcws Ut the President,
and the report TINT Matthews aa1nwch 1t to the
It to-day. Ohio members wto sra quite as
tntrh IN tho confidence ui the President is Sta1l-
Icy Matthcws is. say Tonight, however, that
Matthews bill certainly docs not represent the
Presidents views, As,l tlat nubudy Ia authorized
to speak for the President upon tnanrc ,tics-
tons. The bill! coDtnine no principle which
Matthews did not advocate In the thirty pages
ol manuscript III his Cleveland speech during
thc campaign.