New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-12-04
TOPICS IN CONGRESS.
FINANCE AND POLITICS.

FINANCE AND POLITICS.
NO DISTURBING LEGISLATION LIKELY TO COME TO
PASS THIS wINTER-FISANCE BILLS OFFERED
YFsTERpAY-CoNrEsTs. ETC.
General Garfield and Fernando Wood pre-
sented bills TO the House of Representatives
yesterday in regard TO refunding. resolu-
ton was offered in the Senate by Mr.. Bayard
for the gradual abolition of the legal-tendefs.
Ii is believed by the regular correspondent
of THE TRIBUNE at Washington that, while
there will be debate on financial and tariff
topics this Winter no disturbing legislation
will be consummated in regard to either.
The contestant of the seat of Mr.. Ortiz (Rep.)
has apparently abandoned bis case, and the
Committee on Elections will report against
him. The proposed monument at Yorktown
Is under consideration again in the House.
AGITATING QUESTIONS IN CONGRESS
DEBATE LIKELY TO OCCUR THIS WINTER ON GREEN
BACKS AND SILVER COINAGE QUESTIONS. But
No LEGISLATION NO DANGER OF TARIFF
CHANGES EITHER.
lrRoN THE REGULAR CORRESPONDENT OF THE TRIBuNEI
WASHINGTON, Dec 3.-Ihst there will be some
discussion of financial questions in Congress during
the present session is TO be expected.
Many of the more discreet among the Democratic
leaders would be glad to avoid 1t if possible. not, so
far as have heard, because of its injurious effect
on the industrial interests of the country now seek
ing TO make mp of the losses and repair some of
the disasters of nearly six years OF depression, but.
TO quote expression used by one of them, because
they have been ruined politically by the attitude
their party has heretofore taken III regard to the
currency and resumption. The disposition TO legis-
late for hat money. to drive the gold currency of
the world out of circulation in the United States by
providing for an unlimited expansion of silver coin
age certificates, to make resumption failure after
il has achieved a success never equalled In the
financial history of the world and when the
whole country is enjoying the benefits OF
the prosperity il has brought rs as strong in the
Democratic party to-day as it ever was; and If
none Of the crazy theories that have been devised to
injure the credit of the country, debase the cur
rency and clog the wheels of business, are enacted
into laws this Winter it will be first because the
Republican minority in both houses of Congress
will almost unanimously resist their passage and
Republican President will interpose his veto
against them, or because the Democratic party
leaders do not consider 1t safe in view of the APP
preaching Presidential struggle to put their inan-
cial theories into statutes.
have said that some financial discussion in Con-
gTess is inevitable during the present Winter do
not believe that the wise recommendations of the
President and Secretary of the Treasury in the
future treatment of greenbacks, will receive any
serious attention from Congress. it is doubtful If
even the Republicans in the Senate and House of
Representatives, especially those from the West,
could be induced TO carry out those recommends
tons even if they in majority and il is GER
tain that no large number of the Democrats will
sustain them. The discussion is much more likely
to take place upon bills to remove the restrictions
from the coinage of silver and to retire
the notes of the National banks In order
to make room for the issue of more legal
tenders But even measures of this Kind have
little chance of becoming laws, and the business
men of the country ought 10 be making up their
minds AT once not 10 be disturbed when such bills
are introduced even when they are reported from
committees Nothing will come of them and the
neonIe will do we'll not TO allow themselves to be
alarmed by anything which may be attempted.
do not mean to say that there should be fostcred
among Republican members of Congress feeling OF
false security leading to a letting down OF effort
against dangerous measures that may be proposed,
hut that business men should have that confidence
in the PRESIDENT and the kepnDilcan minority IN
both houses that no season Of dlstiust ana alarm
shall be allowed to result from anything tnat may
happen i'll Washington tins WINTER. IL
What is true of questions affecting resumption
and the currency is also true of tarih legislation.
Tht re are Democratic Representatives in Congress,
and perhaps few Republicans Though ; OF ,ne aaep
general revision Of the tar Just at TINS time; put
Il is impossible to find here evidences OF any ma
tured plan Tor general reduction OF uutes OH III
norris After his experience in attempting To
deal with this question. and the summary way In
which the last House of Representatives disposed
of his carefully prepared bill il hardly to be sup
posed that MIR. Fernando Wood, chairman OF the
tomInittee on Ways and Means i, ANXIOUS to tempt
fate again and II he L. any bl processing oranges
low its predecessor 10 the shades from when ~
never would emerge. The Republican minority is
much stronger III the ALNlth thah IL was III tlie
XIVth Congress f; aud there will always be enough
Democratic votes to defeat Free Trade bill. or
one which looks In that direction. L. W.