The New York herald., 1878-03-05
Secretary Sherman's Cheerful View
of demonstration.
BONDS NOT LIKELY 10 COME BACK.
Anderson's Retention in Office
After Conviction.
Another Mystery Of Civil
Service Reform.
FROM OUR SPECIAL CORRESPONDENT.

wAsnIxGroS, March 4, 1873.
MOVEMENTS OF THE EXTREMISTS TO INcREAsE
THE ISSUE OF SILVER.
Several bills have been introduced within q few
days aiming Increase the issue aud tho powers Of
silver The chief object OF the extreme silver men IL
10 secure great imitation currency by the issue Of
certificates against silver bullion. Mr. Springer tried
to-day to get before the House bill for this purpose
and Senator Cockereli did Introduce such bill In
tho Senate. There b good 10 believe
that suoh project become law. The
moderate silver men are determined TO rest tho
bill which has become law, and they will JOIN tho
snti-siver men In voting down all such propositions
As an example, IL IL known that almost tho whole
Uno republican delegation will oppose all such
schemes, and this lie true Of the moderate silver men
from other Western States.
The Senate Finance Committee will not for
somc time report to the Senate their con.
illusions on the repeal Of the Resumption
act They see reason for haste In tho matter. In
short appears certain that tho moderate silver
and the ant-silver united in both houses in
tho determination to consent to no further financial
legislation until the results OF tho Silver become
manifest for which time is needed
THE UNNECESSARY ALARM OVER THE SILVER
BILL.
The Secretary OF the Treasury told by msm-
Der of Congress this evening that there was good
deal Of alarm among capitalists in New York about
the possible results of tho Silver act Ho replied that
he saw no reason for alarm, and no seems 10 take =
decidedly cheerful view Of tho situation.
The effect OF the silver agitation 10 the stop
page OF the salo of four per cent bonds The sales
which amounted to many millions and wero
rapidly going forward when the silver
sgita,ion began in Congress in October, havo since
then gged, ana thus the reunding process has
to sto, to the great loss OF tho country The belief
In official circles here Is that the whole Is the
worst evil the silver act work to the country;
that bondnolders abroad owning the part six
and five per ccnts will not DO foolish enough 10 SEND
them homo In quantities when thoy that the Silver
act, as limited now, will necessarily givc them gold
for some time to como, and that. " they receive
their interest In silver, what they receive Will still bo
higher rate OF interest than European bonds
yield thcm. Hence is not believed here that gold
likely 10 go up. especially the balance OF trade 10
largely in favor and likely remain so for
some time to come This oacal view dlscourages all
alarm as needless. ~ = 4----e ~
ANDERsoN's RETENTION IN oFFICE AFTER CON.
vIcTIoN--A RESOLUTION OF INQUIRY.
Mr. Blackburn, oil Kentucky, has resolution of in.
uury In his pocket which he means to bring before
Tho House In some shape as soon as he get op-
rortunty. 1t is resolution calling the President
20 inform the House whether any person convicted Of
q penal offence is holding federal position.
1t roierr. OF course to tho of Apder-
son In New Orleans Mr. Blackburn Is under.
stood 10 hold that the Cincinnati platform
Is right where it declares in section s, that
'under the constitution the President heads OF dc.
partmen,s are to make nominations Tor office, the
Senate is 10 advise and. consent to appointments and
the House of Representatives accuse and prose-
cute faithless officers" He proposes to hold the
President TO his responsibility for retaining n im
portant federal Office who has been convicted
Of crime. The retention of Wells and Anderson both
men Of notoriousy bad character in their places in
the New Orleans Custom House certainly produces
= disagreeablo impression here and is the sub.
jcct OF good deal of conversation. II Is
remarked that the planest dictates OF public decency
and civil service reform would require the prompt
removal Of from rodcral Office who, even II not
openly convicted OF crimes arc still OF VIGOROUSLY
bad character because tho federal service should DO
In the hands OF respectable men, In whom the com.
munit:es among whom they serve have confidence
and who have that influence IN such communities
which only rreproachable lives and well established
characters give them.
FIRST CONTROLLER OF THE TREASURY.
Tho President to-day nominated A. G. Porter, OF
Indianapolis, TO be First Comptroller the Treasury
In place o. X W. Taylor, wEo long and worthily
filled this responsible place, and who died suddenly
few days ago. Mr. Porter the abest lawyers
~ the Indiana Bar ana has long borno . very high
character 1t believed that the President has made
m excellent selection of tho most mporlan Mt
places In tho government the most important In