New-York tribune., 1879-12-18

Tnited States Senate at this session was de-
hvered yesterday by Senator Morgan of Ala
hanna. 1t was in opposition to the resolution
of Senator Bayaid. 1t is stated that the adj
vocates of inaction in regard to finance are
vigorously preparing to push. their ideas. Sem
ator Sherman thinks that the election of Sem
ator Cameron TO the post Of Chairman of
the National Committee is n good thing. The
Secretary says the Democrats III Maine are
acting like idiots. The Price bill has been
substituted for the Buckncr bill in committee.
THE PIONEER SPEECH on FINANCE
SENATOR MORGAN, or ALABAMA, LsADs OFF IN
THE NRw DEBATE-THE ADVOCATES OF NON
ACTION ALL ARMING FOR TIE FRAY.
lBY TELvGEArH TRIBCNE.l
WASHINGTON Dec. 1.-THE financial discussion
in Congress has already begun, but its first develop
ments are very tame and commonplace
Senator Morgan II reduced a resolution to-day.
declaring that continuance OF the existing volume
of treasury notes, with their lega-tender quality
preserved and maintenance of their equality in
valne with coin, are demanded by the present ne
cossitcs of trade commerce and industry and that
the full restoration of silver coinage to an equality
with gold is necessary to TO the people of the
United States sufficient and permanent supply of
money.
The Senator read carefully ly-prepared speech, re-
Quirng an hour for its delivery. 1t chiefly
historical, and covered the wholeperod of War
Finance. The argumentative portion OF the speech
was only an elaboration of the opinions embodied
in the resolution itself 1t was listened to with
close attention by Democratic Senators and by the
few Republicans who were present, but no disposi
tion 10 reply TO or question the correctness oi Sem
aior Morgan's deductions was manifested.
The BIvard resolution. which Senator Morgan
really had in mind is certainly gaining friends in
Congress- but there is no reason yet for believing
that It will during this season. command the sup
port of majority. II ii were to be acted upon by
tie Finance Committee of the Senate at once, it
would probably be reported back unfavorable by a
mgjnrity, and such will most probably be the action
taken Immediately after the recess.
The advocates of nOn-actOn are, themselves, pre-
pairing quite as vigorously for discussion as the
most of the supporters of The views of the adj
ministration. SAID prominent Western Republican
senator to-day: "They seem TO be forming "a coah-
tion of Eastern men of both parties, North and
South in support of the repeal OF the legal
tender feature of the erccnback Law.
The result Of that Will inevitably be to
force a coalition between the Northwest and
Southwest aCioss party lines. Ii will bc sectional
Ism still aud shall then see which Il stronger"
The same gentleman is considering the prOprieiy of
moving an amendment 10 the Bayard resolution,
which shall embody an indorsement of the princi
pies OF the Warner silver bill. His theory Is that
to kill IT, or If IT shonld pass viii give to The
country silver substitute for the greenbacks
which would he believes lie retired.
One of the arguments To I've brought ont In obiec-
tion 10 the theories Of the administration is that
removal Of the eGa-tender quality Of the sTcsn- S
ton There & = Il IS sI ~ an csT onS b m
issued in time of war;. Remove the iegaltender
feature however, and Congress may, al its option,
authorize the issuance of any amount OF Treasury
notes.
4 TALK WITH SECRETARY SHERMAN.
THE ELECTION or SENATOR CAMERON TO THE
CnAIRMANsUIP OF THE NATIONAL COMMITTEE
COMMENDED HIS VIEWS OF IHE MAINE CRIME
AND TIE GREENBACK.
lar TELEGRAPH TO TIE TRBUSEl
WASHINGTON, Dec. IA correspondent of The
TRIBUNE called upOn Secretary Sherman this even
Ing and found him apparently as urconcerned with
regard to the proceedings of the Republican Ma
tonal Committee, as though his own name had
never been mentioned possible candidate for
the Presidency. lie was quite ready to discuss
financial and general political questions as ever and
on the whole appeared to be III u very contented
frame of mind.
la reply to an inquiry rs 10 the political signf
oan,e of the election of Senator Cameron to the
chairmansllp of the National Committee, the Sec
Tciary said that in his opinion 1t had none what
ever. The Senator, he said, had been chosen by
small majority and the selection was an eminently
wise one. He thought that III, iuajOiltN Tor DIT.
Cameron would have been larger if 1t bad not been
gwen out, in some quarters, that the Senator is
Grant man and was seeking the position Of chair
mau ON that basis alone. The Secretary said that
Mr. Cameron had doubtless been chosen because he
j. known 10 be man of character and energy
lie is" continued the Secretary, "a friend OF
Grant and friend of Blaine. | know he Is my
friend really don't know which side they placed
me on, hut favored Cameron's election because
knew him to BE- man of action and sagacity.'
The conversation then turned te other matters.
With regard 10 the Maine Democrats Secretary
Sherman sad Those fellows are idiots. They
are burning their own fingers by this move. Ii the
pnblished reports are true to the methods by
winch they have obtained control of the Maine
Iegislatl-c Garcelon and his crowd are unworthy
20 he the associates of decent men. would as
willingly form an intimacy with house-breakers or
sneak thieves as with them-that is, If are cor
rcctly informed with regard TO the motives aud
methods OF their proceedings"
"What do YOU think of the proposition that the
Legislature of New-YorS AMI other Republican
States shall elect the Presidential Electors" was
asked.
III that is what is the Democrats want aud are
coiug 20 do" replied Secretary Sherman, " should
favor the adoption OF the same plan by the Re
rublicans. There is undoubtcd Constitutional
right 10 do So and the State election of last Fall
gave us the power to do il. i should, however,
counsel our people to keep cool and await develop
mcnts The Democrats are working for u.s."
Secretary Sherman was asked If he had noticed
from his point of view the change which seems to
be taking place in the minds of many Congressman
in regard 10 the financial recommendations con-
tslued in the annual message TO Congress
g! think" he replied, that a change - @ @tahans