The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-04-23
Washington.

THE PROSPECTS OF THE WOOD TARIFF BILL
GENERAL BUTLER's CURRENCY BILI.-MR
SHERMAN AND THE sYNpIcATE-THE RE-
SUMPTION QUESTION IN THE sESATE-vIR.
| GINIA's DEBT PoR THE WAR OF 1812-THE
s BLAIR OBSERVATION-DISCLOSURES OF THE RIVER
AND HARBoR BILL BY THE HoUSE-BRIEF
| ITEMS, &c.
from our regular correspondent
WASHINGTON, April 22.-The prospects OF
the Wood tariff bill have not improved, and
Senator Blaine seems disposed to make cap.
ital for himself Of this fact, as to-day in the
Senate he offered resolution declaring il
ineXpedient to interfere with the present
tariff at this session Of Congress. The re-
solution went over, hut will come UP to-
morrow.
BUTLER'S FRACTIONAL. CURRENCY BILL.
General Butler cndeavorcd TO pass his
fractional-currency bill to-day, and moved
suspension OF the rules for the purpose.
So far from getting q two-thirds vote, as
required, the bin failed to receive even a
majority. a majority Of the Banking and
Currency Committee, however, voted in
the affirmative. The bill provides for the
| issue OF fifty millions in fractional paper
currency, and it was urged by those OPP
posed to it that if this were done it would
drive out Of circulation all the silver.
MR.. sHERMAN'S CONTRACT WITH The sYNDI-
CATE.
In response to the requests OF the Banking
and Currency Committee, Secretary Sher-
man to-day furnished copy of the contract
between himself and the syndicate. The
criticisms on the instrument and the con-
duct OF the Secretary are numerous. He is
condemned by many because he gave
| it out that he had disposed Of S50,000,-
coo Of bonds, when he has really dis
posed of only $10,00O000 now, and agreed
for the syndicate to take S5,000,000 month
after April until the whole Sj0,000,000,
as subscribed for. 1t is true, they say, that
the syndicate may take more than S5,000.O00
per month, but option is given them in the
| matter. Then it is said that as he has
except those provided by Congress for the
Halifax and Geneva awards, and the four
percent. consols only for refundng pur-
poses, without the consent of the syndicate,
he has tied hands in an unwarranted man
ner. The "greenbackerS condemn him
for agreeing to pay commission OF one half
of one per cent to the syndicate for the sale
of the bonds, and say he ought to have sold
| four instead OF four and-a-half per cent.
bonds. They further contend that he has
increased the bonded debt of the United
States $50, 100000 to get gold to redeem le-
gal tenders, when the people do not care to
have legal tenders redeemed. The contract
and the conduct Of the Secretary continue
tonight to be Il leading topic OF discus
sion, and he is defended by his supporters
and condemned by those opposed to him.
Your correspondent has only given few OF
the criticisms he has heard. The New York
bankers who were before the committee the
other day are quoted tonight as authority
| for the opinion that no commission should
have been paid. Mr.. Sherman keeps cool,
and says bis contract is the same as that I'M
der which $500, 100000 were sold.
~ RESUMPTION IN THE SENATE.
The substitute OF the Senate Finance
Committee for the House bill repeating the
resumption act was up for short time in
the Senate to-day, when Mr.. VOORHEES, Of
fered as amendments that the features
which are to go in effect October 1st, if it
passes, shall go into effect Immediately
after its passage. Mr.. Gordon wanted
it made the order OF the day for
Wednesday week, but Mr.. Ferry thought il
might be taken up earlier. Mr.. Hereford
wanted day fixed. He was opposed to the
substitute, while he approved OF many Of
its features, and was willing to vote fol
them rs independent propositions because il
amended the House bill and would require
the bill to 90 back to the House; Wherea;
he wanted the Senate to adopt them at once
and relieve the country. The SUBJECT went
over, and the Committee OF Finance vii
probably tomorrow agree upon 4 day FOL
its early consideration.
THE VIRGINIA WAR DEBT.
The subcommittee, Mr.. Evans, Of Soutl
Carolina, chairman, has agreed upon re-
port in regard to the claim OF Virginia fol
money advanced the United States for thu
war OF 1872, which meets the approval Of
the Virginia agents, and will be, it is said
agreed upon by the full committee. The
Virginia members of Congress will be called
upon when this is done to determine how II
shall be managed in the House.
THE BLAIR RESOLUTIONS.
! The Republicans displayed better iudg
| ment than they did the other day wher
this morning they permitted, without ;
fight, the Maryland Blair resolutions to 81
to the House Committee OH the Judiciary
As I told you the other night in my dis
patch in regard to them, the committee vii
make lengthy report, setting forth all thu
facts OF the electoral controversy, but recon-
mending, in the interest OF peace, that M
action shall be taken ON the line proposed
by the resolutions.
THE RIVER AND HARBOR BILL PASSED.
The House Committee on Commerce, as
predicted, moved to take up the river ant
harbor bill to-day, and from the first showed
fixed purpose to pass it under suspen
sion of, the rules. The opposition to i
seemed equally determined to force them tt
let it go to the Committee Of the Whole. MIR
Cox, OF New York, raised the point Of or
der that it was unconstitutional, but Judge
Reagan, Dir. Kenna, and others Of the com
mittee, called for the regular order. 1t was
not long before the flibustering commenced